The cryptocurrency-backed takeover of Bradford Metropolis has been rejected.
Chairman Stefan Rupp confirmed on Friday {that a} bid had been made by WAGMI United group, who had been reportedly searching for to buy the membership with cryptocurrency – the web buying and selling foreign money.
It’s believed that the US firm had been planning to make use of non-fungible tokens (NFTs) – a novel and non-interchangeable unit of information saved on a blockchain – to create a brand new mannequin of sports activities membership possession.
Rupp has resisted the supply, although, saying his “most essential duty” is to “defend and safeguard” the long-term way forward for Bradford.
Rupp stated in an announcement: “On Thursday I acquired a proposal from the WAGMI United group to buy the soccer membership. This has been rejected.
“An important deal has been aired publicly because the supply was made. This, in addition to a lot of components which is able to stay personal, has led me to this determination.
“As a proud custodian of this glorious soccer membership, my first and most essential duty is to guard it and safeguard its long-term future, whereas upholding our values.
“I, and positively nobody else related to this soccer membership, is actively attempting to advertise its sale, and my dedication has not modified.
“The matter is closed, and our consideration returns to what’s actually essential, as we construct in direction of a robust second half of the season and purpose to realize our objectives.
“I want to take this chance to want everybody related to Bradford Metropolis AFC a really Merry Christmas, as we stay up for 2022.”
