Australian Based Professional Football Club To Be Sold To The UK- Based Cryptocurrency Group

Ritika Sharma
Ritika Kumari Sharma is an Economics Honors graduate from the University of Calcutta. She is completely into finance and believes that cryptocurrencies are the future. She is an enthusiast learner about the cryptocurrency and blockchain technology.
  • Tony Sage announcement of him selling his professional football club to the UK-based Cryptocurrency group “London Football Exchange.”
  • Perth Glory FC is an Australian Professional football club based in Perth, Western Australia.
  • London Football Exchange (LFE) is a blockchain company that aims to embed the cryptocurrency ecosystem into the soccer arena

Perth Glory FC is an Australian Professional football club based in Perth, Western Australia. It is a part of the A-League, which is considered to be the highest level in professional men’s soccer league of Australia.

Perth Glory is one of the three A-league clubs to survive from the now-defunct NSL (National Soccer League). It is quite popular in its home country, and it has won three league premierships and two championships from four grand finale appearances.

Perth Glory Steps in Cryptocurrency world

Perth Glory is now owned by Tony sage since 2009, who is a Western Australian Businessman, a qualified CA (Chartered Accountant), and a fund manager.

Despite being a successful businessman, he couldn’t compete with financial powers of other A-League clubs, which put him into a tight spot, and the unbearable last year’s loss of about $2.9 million broke him to the point where he was willing to sell his club.

Now Tony Sage is back to the headline with the announcement of him selling his professional football club to the UK-based Cryptocurrency group “London Football Exchange.”

London Football Exchange

London Football Exchange (LFE) is a blockchain company that aims to embed the cryptocurrency ecosystem into the soccer arena with its horde of supporters around the globe, which will allow a “fan-driven football community.”

A privilege to take part in various club and fan experiences from match day tickets. Tours and players meet and greet (VIP experience) and get hands-on special limited merchandise easily. The goal is to create the “Ultimate sports community” for fans.

The reason for Tony sage to sell it to the London Football Exchange, not to others who quoted a higher price for it because he said, “they had conditions he could not accept to which includes changing the club’s color and the name” and he is very proud of this.

He believes it to be very big on the history of Perth Glory. So, he was patient for the right offer, and the London Football Exchange agreed to this term.

Perth Glory’s “heritage” will be retained

Tony Sage also revealed he will not be selling a 100% stake to the company and would retain 20% with him. The negotiation was hard. He said, “They want all the stakes of the club, but I was unwilling to give them the whole club” the reason is he thinks that the future of Australian football is going to be huge.

He was currently in Dubai on his way to London, where he hoped to finalize the deal with compliance to his agreements in 48 hours selling his 80% stake of the club.

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