{"id":13084,"date":"2022-04-07T18:16:55","date_gmt":"2022-04-07T18:16:55","guid":{"rendered":"http:\/\/egrowonline.com\/?p=13084"},"modified":"2022-04-07T18:16:55","modified_gmt":"2022-04-07T18:16:55","slug":"were-going-to-shake-up-the-status-quo-cryptocurrency-group-take-over-crawley-crawley-town","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=13084","title":{"rendered":"\u2018We\u2019re going to shake up the status quo\u2019: cryptocurrency group take over Crawley | Crawley Town"},"content":{"rendered":"


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Crawley Town have been taken over by a group of cryptocurrency investors who are promising to bring \u201cWeb3\u2019s most innovative ideas\u201d to the League Two club.<\/p>\n

Wagmi United, a US consortium who had previously been linked<\/a> with a deal to buy Bradford City, confirmed their revolution in West Sussex after taking a controlling stake in Crawley from the Turkish steel magnate Ziya Eren.<\/p>\n

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Crawley are currently mid-table in English football\u2019s fourth tier and their most recent set of accounts revealed the club to be half a million pounds in debt. But the new owners, backed by funding from prominent US internet entrepreneurs, have ambitions for promotion and promise to increase fan engagement through digital tokens.<\/p>\n

\u201cCrawley Town Football Club is a club with more than 125 years of rich history that we revere and respect,\u201d said Preston Johnson, one of Wagmi United\u2019s founders. \u201cHowever, a conventional approach to ownership hasn\u2019t worked, and the club is losing hundreds of thousands of pounds while fans suffer through year after year of uninspiring results on the pitch.<\/p>\n

\u201cWe think the club can do better and our fans deserve better. Sports are supposed to be fun and bring communities together. At Crawley Town, we\u2019re going to shake up the status quo, try out some new ideas, and build a worldwide community of fans.\u201d<\/p>\n

Johnson and his fellow Wagmi founder Eben Smith are both enthusiasts for NFTs \u2013 digital tokens that are increasingly ubiquitous in sport but have been controversial due to speculative trading in their value. It appears Wagmi\u2019s plan is to sell NFTs that will allow buyers to take decisions in the club while also generating revenue.<\/p>\n

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