No, Libereum Didn’t Buy Spanish Football Club Elche CF

No, Libereum Didn’t Buy Spanish Football Club Elche CF

A piece of news dated on December 26th said Dutch Crypto company Libereum bought Spanish football club Elche CF; however, the club has denied this rumours and at least for now, it is not an official acquisition.

In a press release, Libereum informed the crypto world that they have “become the owner of the Spanish football club Elche CF.”

Libereum said that the acquisition is the cornerstone of its plan of connecting decentralised digital currency with football, in an effort to use the engine of the most popular sport in the world to popularise its own cryptocurrency, the Liber.

“The company is expecting to create high demand for digital (crypto) money for a wide audience.”

The crypto company said they secured a package of €4.3 million as the first downpayment. “The audit results were positive, after which the acquisition was effected.”

“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 company “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.”

Not so fast! Elche says no

There is something weird with the Libereum story, as Elche CF published a note in its website denying the sale.

“Elche Club de Fútbol, in line with certain information published, wants to STRONGLY DENY the sale of the Club to any company dedicated to the cryptocurrency or any other activity,” said the note.

“In this way, the Club wants to settle the rumours that have occurred due to the different reports that may disturb and lead to confusion among the franjiverde fans.”

On the other side, the company also announced a capital increase of €1.7 million or 532K new shares for €3.20 per unit. However, the process will be first addressed to premium partners and supporters.

So, who is telling the truth? For now, Libereum still has the press release of the acquisition on its website. On the other hand, Elche published the note and announced a seasoned equity offering to raise €1.7 million.

Recently Similar News

cex-promotion etoro-promotion

Latest Guides

Latest News


Changelly Ho-Ho-Host a Christmas $300 Bitcoin Giveaway

To thank their customers for their loyalty after the past 365 days and to celebrate Christmas, Changelly will be hosting a bitcoin giveaway social media. This year has been a big-one for Changelly who have been rolling out updates, announcing partnerships, and listing a whole host of new coins to their platform, most recently, BUSD […]

9 December, 2019

eToro Warn of Temporary Restrictions Ahead of UK Election

eToro has today taken to Twitter to make sure their traders are aware of some measures that will be put in place ahead of the market volatility that this could prompt. Since the Brexit Referendum of 2016, there is no denying that the UK as a country has been in turmoil, which of course has […]

9 December, 2019
Coinbase,DAI,Payment Solution

Dai Payments Supported By Coinbase Visa

Dai, one of the world’s most significant stablecoins, has just taken a further step which could help it replace traditional fiat currency. According to a news release issued by the popular cryptocurrency exchange, Coinbase, the platform’s debit card will now be supporting Dai as payment currency. Coinbase’s VISA debit card has only been launched in […]

9 December, 2019
Audit,Binance,Exchange Platforms,Security

Binance Reveal The Results of Two Security Audits

Binance have recently had their security measures tested by two third party firms. Now, these results have been released by the platform to their user. It has been a testing 2019 for Binance security-wise. Back in May, they suffered one of the largest ever recorded hacks whereby $41 million in bitcoin was stolen from the […]

8 December, 2019

EXMO Now Supports the TRC20 Standard For USDT.

EXMO have expanded their deposit and withdrawal options for one of the leading stablecoins, Tether by now offering support for the TRC20 standard of USDT. Support for USDT was already offered via Ethereum (ERC20), which as a result, allowed the platform to lower withdrawal fees by 10x. However, this new move will help them expand […]

7 December, 2019

BitPanda Launch IOS App

Apple product owners will be able to enjoy a better on the go experience at BitPanda thanks to the launch of their new IOS app. While their Android app has been up and running for some time now, the option for iPhone users is all new and will be a welcome addition to their service. […]

7 December, 2019

Changelly Extend Stablecoin Repertoire to Include BUSD

Changelly have added Binance’s BUSD to their exchange platform’s listings. BUSD was launched by Binance back in September in partnership with the American firm, Paxos, with the stablecoin being backed 1:1 with the USD. Now that it has been listed on Changelly, it is now possible for traders who are members of the platform to […]

6 December, 2019

Kraken Warn of Downtime Tomorrow Afternoon

Users of Kraken have been informed that for tomorrow there may be an interruption in traders service in order to complete an upgrade to the platform. As a result of this upgrade, at 16:00 UTC for approximately 1 hour the system will be out of action. However, this should be a minor convenience during which […]

6 December, 2019