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Wednesday

23 June 2021

Mexican Football Federation stops Liga MX team from selling a stake in a NFT | CryptoSlate

Mexican Football Federation stops Liga MX team from selling a stake in a NFT | CryptoSlate


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The ownership group for Necaxa, the Liga MX team, wants to capitalize on the NFT hype by selling a 1 percent stake in the team through an NFT.

The ownership group which owns 50 percent of the team is led by DC United’s Al Tylis and Sam Porter and includes soccer star Mesut Ozil and the Miami Heat’s Victor Oladipo.

The 1 percent stake would be permanent so even if the other investors take on dilution, the 1 percent will remain the same and will not have to participate in capital calls if the club needs more money.

This likely means that the Necaxa NFT, if allowed to be sold, would have to go through Liga MX first.

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