A respected football finance guru has suggested that the takeover of Crawley Town by cryptocurrency investors could be "too good to be true".
Last week saw the League Two side announce that WAGMI United LLC had completed the purchase of the club. The company are to use non-fungible tokens (NFTs) as an ownership model, allowing people across the world to make decisions on the club, while also generating valuable revenue streams. NFTs have no physical form but can be bought or sold.
Upon their ownership being confirmed, co-founders Preston Johnson and Eben Smith vowed to build a "worldwide community of fans" despite the club having little reach outside Sussex and boasting average attendances this season of just 2,249 - the second-lowest in the EFL.
