A token sale to buy a football team
A token sale to buy a football team
Crypto

A token sale to buy a football team

By Marco Cavicchioli - 12 Dec 2019

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A token sale was launched to buy a Spanish football team

It’s the Soccer Team Owner initiative, which aims to raise funds to buy a Spanish team that is playing in the Third Division, also called Second B, in order to have it reformed and provide it with all possible resources to reach the First Division, the famous Spanish La Liga.

The initiative is the work of a group of entrepreneurs and football fans and, thanks to the token sale, it will be broadened to include fans from all over the world. 

So far, eight possible clubs have been identified as ideal candidates for the achievement of the objectives and the token sale has already been launched

The project was created and managed by Innoventia, an End 2 End tokenisation platform, supported by two partner companies, Teknei and Hill House Capital. 

The main objective of Innoventia is to offer investors the opportunity to participate in investment projects that would otherwise be inaccessible. 

Spain is by far one of the countries with the largest football market, with some of the world’s richest and greatest teams. Football is a global phenomenon and a very large and growing market.

Tokens and football go hand in hand

Italy is also one of the major markets in the world for football, so much so that one of the leading Italian teams, Juventus, has already started to be active in the crypto sector. 

A few days ago, in fact, the token sale of the fan token of the Juventus club was launched, and in the coming weeks, those of other Italian, Spanish, English, French and Turkish football teams will also be launched. 

Actually, the collaboration between football and the crypto world has been going on for some time now, and the initiatives keep on multiplying. 

After all, football is now a huge and global market and is well suited to the experimentation of new innovative and global technologies such as those related to the blockchain.

The mass tokenisation of financial assets could start from this specific sector, where, as demonstrated by the case of Soccer Team Owner, the first use cases are already underway. 

For now, this is still a very pioneering phase, but the first steps have already been taken. It remains to be seen how far it will go. 

 

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 11 thousand subscribers.

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