Spanish Football Club Elche CF Bought By Crypto Company Libereum December 28, 2018 December 28, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsDecember 28, 2018 by Kelly Cromley

Spanish Football Club Elche CF Bought By Crypto Company Libereum

The Netherlands crypto company Libereum became the owner of the Spanish Elche CF football club. The acquisition of the club from the Second Division A is a crucial step in connecting the digital currency (Liber) with the world’s most popular sport: football.

The company expects to create a large audience with a high demand for digital (crypto) money. As the first down payment, a bank guarantee of EUR 4,3 million was part of the package of conditions. In order to reduce the potential acquisition risks to an acceptable level, Libereum thoroughly evaluated the organization of Elche CF by carrying out due care. The results of the audit were positive, and the acquisition was carried out.

Elche Club de Fútbol, S.A.D. (Valencian: Elx Club de Futbol, S.A.D.) is a traditional Spanish football club based in Elx, Valencia’s third largest city. The club was founded in 1923 and spent 21 seasons in the Primera División against Barcelona and Real Madrid.

Elche CF’s acquisition is well thought out and well considered. The club has a great appearance, especially thanks to its loyal fans and the beautiful Estadio Manuel Martínez Valero, which can accommodate more than 35,000 spectators. The match between Spain and Croatia recently took place in the stadium for the nation cup. Libereum sees such potential in Elche CF that it wants to bring the club back to the Primera Division for the next 2 – 3 seasons. To this end, Libereum will provide the necessary (financial) impetus to Elche CF.

“The purchase of Elche CF, a beautiful football club that shares our vision of a cryptocurrency future and is willing to actively communicate it to its supporters, is fantastic news,”

says Cem Kumlar, founder of Libereum and adds,

“The purpose of this takeover is twofold: on the one hand, we want to bring back the club to the Primera Divison. This requires financial injections. And that is where our digital coin comes in. We want the coin (token) to gradually become part of the financial policy in and around the club, so that everything – on the term – can be paid simply, in an easily accessible way, with Liber.”

Libereum is a Netherlands crypto company designed primarily to make cryptocurrency widely available to the average person. By investing in football clubs, the company aims to generate unlimited demand for Liber and to become one of the top ten major crypto coins within 12 months of the purchase of the first football club. Libereum works with renowned blockchain experts and organizations specializing in crypto payment networks and with football specialists.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.