Bradford City receive cryptocurrency group bid but deny takeover close
- WAGMI United aims to raise funds via non-fungible tokens
- Serious doubt over whether deal will go through
Bradford City have confirmed they have received a bid for the club from an American consortium which plans to fund a takeover using cryptocurrency but deny a sale is imminent.
The League Two club received an offer from the investor group WAGMI United on Thursday. It aims to raise capital and funds through the sale of non-fungible tokens, known as NFTs, and intends to rely on data and analytics to make key decisions about running the club. Its goal, it says, is to use the model to take a club to the Premier League.