Future of Crypto in Sport: Blockchain Trading Firm LFE to buy majority stake in Perth Glory - Updated Feb 25
Perth Glory

Future of Crypto in Sport: Blockchain Trading Firm LFE to buy majority stake in Perth Glory - Updated Feb 25

By Bragato18 | Bragato18 | 19 Feb 2020


I first became aware of this news from listening to Cryptocurrency Adviser Sam Volkering talking to hosts Karl and Paul on Sportsday WA radio show on 6PR Perth. They discussed what the future of cryptocurrency and blockchain in sport may look like. The discussion went live on February 14.

Paul Hasleby, a former AFL player at Fremantle Dockers, and now co-host of Sportsday WA radio show, invited Sam to speak about cryptocurrency in sports.

Paul Haselby

Karl Langdon, a form AFL player for the West Coast Eagles.

Karl Langdon

For those non-Australians AFL is the Australian Football League or more affectionately referred to as Australian Rules. AFL is similar to Gaelic Football. Check out links in resources for more information.

This discussion arose because during the week, A-league side Perth Glory had agreed to sell a majority stake in the club to London Football Exchange (LFE). LFE is a blockchain and crypto based business that is currently buying up stakes in football clubs around the world. LFE founder Jim Alyward said it was

the first step in the company's ambition to acquire at least seven professional football clubs around the globe

LFE

LFE are looking to build a fully integrated football club exchange where people can buy and sell stakes in some of the world's most well-known football clubs. On top of this they're looking to implement through these clubs blockchain-based systems for ticketing, fan engagement, merchandise, even food and drink at stadiums. Their network is built on the Stellar blockchain.

And there is always the potential for clubs to raise capital, if they can easily tokenise and sell parts of the club as real equity to their fanbase using blockchain technology. What diehard fan would not jump at the chance to buy a micro-share in their favourite sports team.

While Perth Glory is not in the same league as a team such as Manchester United. This is still a big deal. For cryptocurrency to be discussed on a sports radio show in Perth (at the bottom of the world). This could be a snowflake moment in time that causes the avalanche that is the holy grail of mass adoption we all dream about. This is not e-Sport but a real flesh and blood sport with real flesh and blood fans who turn up every weekend to yell and scream their support for the Perth Glory. Spend their hard earned $$$ (working in the mines or the offices),  to buy their teams flags, scarfs, jerseys. Every day people with no interest in the cryptoverse and the "Magic Internet Money". Suddenly they are having blockchain and cryptocurrency incorporated into an important part of their lives. SPORT!!!

Please feel free to use the Comments. Let me know what you think, all feedback is appreciated, particularly any constructive criticisms. as that is the only way we learn.

Live Update February 25 9.45 pm AWST

As mention in the opening preamble "Cryptocurrency Adviser Sam Volkering talking to hosts Karl and Paul on Sportsday WA radio show on 6PR Perth. They discussed what the future of cryptocurrency and blockchain in sport may look like."

You can listen to the SportsDay WA broadcast here Cryptocurrency adviser Sam Volkering on the future of crypto in sport


Bragato18
Bragato18

I am a sun sea and sand person, makes chocolate, grows organic vegetables, rides a Vespa and collects crypto. https://twitter.com/PaulBridgman8


Bragato18
Bragato18

Bought our 1st pieces of BTC, July 2017. The process was daunting and confusing. Could easily given up & put it in the too hard basket or have fallen victim to one of the many scams or pitfalls. Grateful to a friend of my son's, who had been in this space for awhile, giving me some good advice & steering me in the right direction. That experience has helped shape my desire to share what I learn. Also always had a morbid fascination with Snake Oil Salesman & their sales pitch; Bitconnect, USI Tech..

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