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        <title>LassoCoin</title>
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        <description>Looking to save a bankrupt English Football team using crypto; a former banker who realized crypto is the future of raising capital</description>
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            <title><![CDATA[Saving a bankrupt EFL team using crypto]]></title>
            <link>https://paragraph.com/@lassocoin/saving-a-bankrupt-efl-team-using-crypto</link>
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            <pubDate>Mon, 10 Jan 2022 22:37:32 GMT</pubDate>
            <description><![CDATA[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 F...]]></description>
            <content:encoded><![CDATA[<p>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.</p><p>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.</p><p>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.</p><p>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.</p><p>This has huge potential. Plus, we can do some good along the way -- saving a club that is the lifeblood of a small town.</p><p>The next great underdog story is here: LassoCoin.net</p>]]></content:encoded>
            <author>lassocoin@newsletter.paragraph.com (LassoCoin)</author>
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