Tony Sage, an English born football-loving millionaire and owner of Perth Glory FC in the Australian A-League, has been appointed as chairman of The LFE Football Group.
The LFE Football Group project is the arm of the LFE that is creating a multi-club ownership platform whereby the LFE shall own multiple football clubs around the world. Additionally, the group will integrate a youth development and commercial pathway for male and female players, LFE token holders and fans.
A fully-integrated football club exchange and fan marketplace, the LFE harnesses the power of blockchain technology. It aims to create a tokenized marketplace that removes friction within financial transactions, and instills greater transparency within the fan marketplace, ticketing, merchandise, hospitality, broadcast, and football retail services creating value never realized previously and benefits for loyal fans.
Sage looks to bring a sense of loyalty and passion to the LFE and expand its football horizons having been the original sole owner in the Australian A-League since its inception in 2005. He has been a champion of both the men’s, women’s and youth games in Australia.
“PGFC and Tony were such a huge influence on many careers by championing the Aussie game. Across age groups and the women’s game with players such as Sam Kerr of Chelsea fame. We are delighted to see Tony’s appointment as the LFE is a global offering and so will the football group. We are keen to connect the world of fans via the LFE digital and physical football platforms.”
– Co-founder of the LFE Jim Aylward
The LFE will effectively utilize the power of blockchain technology to provide the following features:
The technical infrastructure for the LFE football clubs to indirectly offer tokenized equity or debt instruments; and a technical infrastructure for football club supporters to buy unique football experiences offered by their favorite clubs using LFE Tokens or fiat currency.
Intending to be the world’s first-ever stock exchange dedicated to offering the opportunity to invest in the shares of football clubs built on the blockchain. The LFE Exchange, a company incorporated in England and Wales, intends to apply to the United Kingdom financial services regulator, the Financial Conduct Authority (FCA), to become regulated to operate the LFE platform.
Once it is operational, the LFE Platform will allow fans and investors to use the LFE tokens and fiat currency as a means of payment and to indirectly acquire shares in their favorite football clubs globally.
Prior to becoming regulated, the LFE has acquired an interest in an FCA authorized firm that is intended to provide a secondary market for the shares acquired by fans and investors through the LFE. Further, the LFE is also looking to establish a remittance and pay service for token holders to act as a ‘freemium’ service and to encourage the purchasing of LFE tokens for the benefit of their utility in the tangible world.
Finnaly, the LFE Football Group intends to be the Football club investment arm of the LFE Group that is dedicated to making socially acceptable football club investments globally. LFE Football Group believes in the core value of youth development from a grassroots level. In particular, The LFE Football Group looks to provide equal opportunities to all those that enter the programs around the world.
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