December 26, 2018 - Dutch crypto company Libereum has become the owner of the Spanish football club Elche CF. The acquisition of the club from the Segunda División A is a crucial step towards connecting the decentralized digital currency (Liber) with the most popular sport in the world: football. The company is expecting to create high demand for digital (crypto) money for a wide audience. Part of the conditions package was a Bank guarantee of EUR 4.3 million as 1st downpayment. In order to reduce possible acquisition risks to an acceptable level, Libereum had the organisation of Elche CF thoroughly evaluated by completing a due diligence. The audit results were positive, after which the acquisition was effected.
Elche Club de Fútbol, S.A.D. (Valencian: Elx Club de Futbol, S.A.D.) is a traditional Spanish football club from (Elche) Elx, the third largest city in the Valencia region. The club was founded in 1923, after which it played against Barcelona and Real Madrid for 21 seasons in the Primera División. The acquisition of Elche CF is well thought-out and well-considered. The club has, thanks in particular to its loyal fans and the beautiful Estadio Manuel Martínez Valero, which offers room for more than 35,000 spectators, a great appearance. Recently the match between Spain and Croatia for the nations cup was played in the stadium.
Libereum sees such potential in Elche CF that it wants to bring the club over the next 2-3 seasons back to the Primera Division. To achieve this, Libereum will provide Elche CF with the necessary (financial) impulses.
"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" says Cem Kumlar, founder of Libereum. "The team has been working very hard to achieve this and I would like to express my thanks to all those who have contributed to this impressive and intensive process.
Sales Liber Tokens via LATOKEN
I would like to stress that Libereum, despite its majority interest, has no intention of changing the football organisation of Elche CF.
The purpose of this takeover is twofold: on the one hand, we want to bring back the club 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 - on the term - can be paid simply, in an easily accessible way, with Liber. Think of sponsor and transfer deals to ticket sales, merchandising items and catering in the stadium. Due to the continuing demand for the token, it becomes a scarcity of goods, which will positively influence the market value. This return can be used as a capital injection. And just think what the increase in value of the Liber token will be if we buy several football clubs. To be continued!
Libereum works exclusively with LATOKEN to offer the Liber Token. LATOKEN is currently making a name for itself with its easy and reliable way of operating. Buying and offering the Liber Tokens through LATOKEN will also be a simple task for people who are less "technical". With more than 130,000 active traders trading over 70 million dollars a day, we see LATOKEN as the perfect partner to realize the first phase of sales.
Through LATOKEN a total number of 10 million Liber will be offered at a strongly reduced special introduction rate of 5$. Registration can be done immediately, purchases can be made from Friday the 28th of December. More information through the website latoken.com or through our PR channels.
Libereum is a Dutch crypto company, primarily aimed at making cryptocurrency widely accessible to the average person. By investing in football clubs, the company has the ambition of generating unlimited demand for the Liber and within 12 months of purchasing the first football club to become one of the top 10 major crypto coins. Libereum works together with reputable blockchain experts and organisations specialised in crypto-payment networks and with specialists from the football industry.