Cryptocurrency businessman linked to takeover of English football club

Dubai-based investor involved in consortium trying to buy Birmingham City.

A businessman who made his money in cryptocurrency is the latest person to be linked to a takeover of Birmingham City – despite the English club recently having its fingers burnt in the industry.

Championship outfit City were touted as the division’s tech trailblazers when they agreed a deal with Ultimo GG. However, fans joining their club in the metaverse were left short-changed.

A lack of due diligence showed the business had little to no financial track record and quickly ended.

Despite this, a report by Mail Online has linked Haydn Snape with the consortium looking to invest alongside prospective buyer Paul Richardson who has been discussing a purchase for months.

It’s now believed 30-year-old Snape has taken a role within the consortium in order to help get the deal, which is rumoured to be under £50m, across the line.

Dubai-based Snape is a Birmingham fan, but everybody involved in the club will be keen to see him provide proof of funds to the EFL to avoid any more embarrassing issues.

It’s believed Snape first heard of the chance to invest when discussing potential sponsorship deals with the Championship club.

Richardson is also working closely with former footballer Maxi Lopez who played for Barcelona and AC Milan. Birmingham City sit four points of the play-offs dreaming of promotion to the Premier League.

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Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

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