Recently, there are news that fans of the Championship Club Hull City plan to acquire the club from the current team chairman for £45 million. The way to acquire is through a company called SportyCo, by issuing cryptocurrency. Under this plan, a small number of fans can enter the team’s board of directors, and fans can also use the cryptocurrency to buy tickets or goods.

Compared with the news of the acquisition of the Italian team Rimini by Bitcoin in the previous period, the Hull City team obviously has to be more heavyweight. After all, this is a team that often competes in the Premier League. But this is not the most exciting part. We have noticed that SportyCo: what the company is doing makes us think about the future.

On the official website of SportyCo, we can see that SportyCo is positioning itself as a “decentralized sports investment and financing ecosystem”. This statement may be too broad, but the official website also provides a typical example, if you are a senior sports fan, you must be able to realize the excitement.

For example, if you are a senior tennis fan, you find a guy you think is very promising, and this athlete named Claire needs to raise funds for better training and development, then Claire can turn to the blockchain platform of SportyCo to raise funds, and you can invest in this athlete you are optimistic about. In the future, if this athlete successes, then you will be able to get a good return.

God, isn’t this a realistic version of the Football Manager which can make money? Imagine if you voted for a sum of money when C·Ronaldo or Mbappe was 18 years old, and at the speed of their rocket-like soaring, you will soon get rich. If the business of SportyCo really develops mature, I believe that a large number of sports fans are willing to study the athletes who are still unknown and actively invest in them.

Of course, calm down and you will find that this business model does not solve the problem of information asymmetry. As an ordinary sports fan, the channel and speed of obtaining information is far less than that of professional organizations. Really potential players may have been first promoted by professional organizations. There is no necessary for potential players to exchange future income for fund at the present, so can the ecosystem of SportyCo be maintained?

Things may not be that easy. Think of the players like Mane and Kante. They were not discovered by professional organizations before they emerged, and such athletes are still ubiquitous. In addition, SportyCo may also help more athletes with poor economic conditions, giving them the opportunity to realize their dreams.

Currently, SportyCo’s token SPF is already on the well-known exchanges such as OKEX and KuCoin. Let us look forward to becoming a real football manager, investing in young players, and watching their step-by-step growth.

One of the exchanges above, KuCoin, is also investing in a project named Vena. In Vena, you can do OTC exchanges, cryptocurrency mortgages, etc. If you are interested, you can follow us in Facebook, Twitter, Telegram, Instagram, Reddit, etc. just by searching ”Vena Network“.

(Vena’s partner includes DigiFinex, KuCoin, tekrise, F’enhance, vipexc, etc. And the ICO will be held on Leek ICO and TOKENPLUS.)