Libereum, a Dutch based Crypto Company, has taken over Elche CF, Spain based soccer club, in a deal valued at $4.9 million. It is the first ever transaction of Libereum to fulfill its dream of acquiring soccer clubs worldwide. The company is intending to use Liber, an ERC20 token, as a payment mechanisms in its own stadiums. The company has paid $4.9 million for the Segunda Division. Libereum has also tried to purchase Roda JC Kerkrade, a Dutch Soccer Club. However, the plan is not materialized.

Elche CF is the 3rd biggest soccer club in the city. It is located in the Valencia region of the country. It is relegated from the Primera Division of Spain owing to financial mismanagement and unpaid taxes. Following the takeover, the company is aiming to restore the club to black by strengthening the financials with the help of its Liber Token economy. According to the claims of Libereum, the increasing demand for its token is expected to drive the market value that in turn improves returns for Elche CF.  Libereum is also planning to acquire a football club in a deal valued at Euro 80 Million.

UK Based Premier League Clubs Show Interest to Integrate Blockchain based solutions in Soccer Stadiums

Apart from Libereum, many companies are planning to adopt cryptocurrencies in their mainstream soccer. Seven premier league clubs in the UK such as Leicester City Football Club, Crystal Palace, Southampton, Newcastle United, Brighton & Hove Albion, Tottenham Hotspur, and Cardiff City have partnered with eToro, a crypto trading platform, to integrate the cryptocurrencies and blockchain in soccer stadiums.

The most popular team Paris Saint – Germain in France has decided to adopt blockchain payment mechanism in September. It has entered into a pact with, a blockchain platform, to introduce the token ecosystem.

Atletico Mineiro, The Brazilian Football Club, Unveils Crypto Token

The Brazil based football club – Atletico Mineiro has introduced Crypto Token ‘Galo Coins’ for its fans becoming the latest entrant to embrace crypto currency. The relationship between football and the crypto industry is skyrocketing with this deal. It is helping the crypto industry to get wider traction. With the launch of Galo Coins, the fans can buy merchandise and match tickets apart from enjoying attractive discounts.