# Saving a bankrupt EFL team using crypto

By [LassoCoin](https://paragraph.com/@lassocoin) · 2022-01-10

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I’m a former investment banker who laughed at crypto for a decade…”it’s all a scam; crypto can never challenge traditional capital markets” is an exact quote I’ve told everyone who would listen.

Flash forward to today → I finally wake up to the fact that crypto is the most efficient way in human history to raise capital. What would normally cost $50M in investment banking and lawyer fees, can be accomplished with a few hundred bucks and a laptop.

With that, I want to save a bankrupt English Football team using crypto. There’s a real opportunity to save a 100+ year old club on the brink of bankruptcy due to COVID, providing the club with capital to develop into a serious contender. More than 50% of all English Football teams are for sale, as those below the Premier League rely mostly on ticket revenue.

Several are selling for $0 -- most are valued at 0.22-0.5 times yearly revenue…meaning they’re selling for a fifth of the revenue they generate in 1 year! Imagine the revenue potential from streaming, online community, NFTs, etc.

This has huge potential. Plus, we can do some good along the way -- saving a club that is the lifeblood of a small town.

The next great underdog story is here: LassoCoin.net

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*Originally published on [LassoCoin](https://paragraph.com/@lassocoin/saving-a-bankrupt-efl-team-using-crypto)*