Libereum teased earlier on its website that it had reached an agreement to acquire a football club worth €80 million.
Libereum, a Dutch cryptocurrency company, announced on Wednesday that it has acquired the Spanish football club Elche CF. This brings the company one step closer to its goal of making its token (Liber) the only method of payment in the football stadium of clubs it owns.
Under the agreement, Libereum has given a bank guarantee of €4.3 million ($4.9 million) as a first downpayment. According to Dutch sports publication Voetbal International, the company also intended to purchase Roda JC Kerkrade of the Netherlands. However, that deal has reportedly fallen through.
Before publishing the news yesterday, on its website, the company teased that it had reached an agreement to acquire a football club worth €80 million.
Libereum is an Ethereum-based cryptocurrency. Previously, the company claimed that it “will become one of the top 10 Cryptocurrencies within the first twelve months after we have gained ownership of the first club.”
Elche CF is a Spanish football club from Elche, the third largest city in the Valencia region in Spain. Founded in 1923, the club was relegated from the country’s first division (Primera División) as a punishment for unpaid tax debts, and the year after that was relegated again. It now plays in the Segunda División A.
Libereum to bring Elche CF back to the primary division
According to the statement released on Wednesday, Libereum believes that it can bring Elche CF back into the Primera Division over the next 2-3 seasons. This will be achieved by providing the club with the necessary financial resources, the statement added.
Commenting on the acquisition, Cem Kumlar, the founder of Libereum said: "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..."
“The purpose of this takeover is twofold: on the one hand, we want to bring the club back 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 in due course can be paid simply, in an easily accessible way, with Liber.”
Libereum, a Dutch cryptocurrency company, announced on Wednesday that it has acquired the Spanish football club Elche CF. This brings the company one step closer to its goal of making its token (Liber) the only method of payment in the football stadium of clubs it owns.
Under the agreement, Libereum has given a bank guarantee of €4.3 million ($4.9 million) as a first downpayment. According to Dutch sports publication Voetbal International, the company also intended to purchase Roda JC Kerkrade of the Netherlands. However, that deal has reportedly fallen through.
Before publishing the news yesterday, on its website, the company teased that it had reached an agreement to acquire a football club worth €80 million.
Libereum is an Ethereum-based cryptocurrency. Previously, the company claimed that it “will become one of the top 10 Cryptocurrencies within the first twelve months after we have gained ownership of the first club.”
Elche CF is a Spanish football club from Elche, the third largest city in the Valencia region in Spain. Founded in 1923, the club was relegated from the country’s first division (Primera División) as a punishment for unpaid tax debts, and the year after that was relegated again. It now plays in the Segunda División A.
Libereum to bring Elche CF back to the primary division
According to the statement released on Wednesday, Libereum believes that it can bring Elche CF back into the Primera Division over the next 2-3 seasons. This will be achieved by providing the club with the necessary financial resources, the statement added.
Commenting on the acquisition, Cem Kumlar, the founder of Libereum said: "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..."
“The purpose of this takeover is twofold: on the one hand, we want to bring the club back 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 in due course can be paid simply, in an easily accessible way, with Liber.”
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
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Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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