Decentralized sports investment and funding firm SportyCo will reportedly not purchase English Championship football club Hull City AFC, the Next Web reported on May 1.

Sources familiar with the matter reportedly told the Next Web that the deal price appeared to be too high when disclosed to investors supporting SportyCo’s bid. Sources reportedly said that the price was “higher than the real market valuation.”

Last October, sports-focused media outlet SportsPro reported that SportyCo partnered with the Hull City Supporters Trust (HCST), an organization founded to represent fans and strengthen the link between the club and the local people it serves, to launch a £45 million ($58.8 million) bid to buy the club.

However, Geoff Bielby, chairman of HCST, reportedly told the Next Web that the organization’s involvement in the bid was misunderstood by some journalists.

“We aren't leading the bid, [we’re] simply a partner representing supporters,” he said.

Bielby conjointly disclosed that HCST’s intention to shop for the club with cryptocurrency isn't true.

As of late reputed, London-based West Ham United — a soccer crew that plays in the English Premier League — banded together with blockchain stage Socios.com to dispatch a fan token biological system.

The token are a digital quality that offers vote rights to West Ham United fans, who can then participate in tokenized polls on the Socios mobile app.

Also in Apr, Tron chief executive officer Justin Sun aforementioned in a very tweet that the Tron Foundation, the firm behind the eleventh biggest cryptocurrency tron (TRON), can reportedly partner with another British professional football club, Liverpool.

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