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Football club “Sporting” considers the opportunity of entering ICO

November 29, 2018 00:51:00

Bitseven.com - At the recent times representatives of several football clubs have thought about obtaining additional investments through launch of ICO. It seems that the football club “Sporting” is planning on also getting on this idea. The management of the club considers ICO as an alternative option to receive money if the idea of issuing bonds will fail.


Local journalists report that the team’s vice president is currently looking at this issue, but the final decision has yet to be made. The club believes that it is the Sporting brand that will help to successfully carry one of the existing ideas out.


It is worth mentioning that the team management that brought up to the football world one of the most famous players nowadays Cristiano Ronaldo, will soon place bonds worth $ 30 million. Received money will go to pay off the previous bond issue.


If placing the bonds and the sale of tokens on ICO won’t lead to the needed result, the club will have to sell its players to pay off the existing debts.


Category: News

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