Two teams in the Premier League will use cryptocurrencies

Newcastle United and Cardiff City of the English Premier League are in talks with the SportyCo group to start operating with cryptocurrencies.

The company is dedicated to decentralized sports financing and investment. The objective of these teams is to launch an Initial Cryptocurrency Offer (ICO).

This association will allow the English soccer clubs to have their digitized tokens as values ​​so that those interested may have a small participation in the income.

This action is due, as detailed in the media, the bad economic situation that both Newcastle and Cardiff are experiencing in view of alleged debts that would amount to 150 million dollars.

Some teams in the world are going through difficult financial times, due to the problems that revolve around them such as the high costs of salaries as well as the large commissions to players’ agents, among others.

K. Tovar

Source: Diario Bitcoin

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