Share this article
BTC
$78,720.09
-
5.39%ETH
$1,591.01
-
11.34%USDT
$0.9997
-
0.03%XRP
$1.9565
-
8.36%BNB
$554.19
-
6.31%USDC
$1.0003
-
0.02%SOL
$107.06
-
10.20%DOGE
$0.1501
-
10.22%TRX
$0.2308
-
2.84%ADA
$0.5782
-
10.72%LEO
$8.8785
-
2.16%LINK
$11.35
-
10.25%TON
$2.9628
-
9.06%XLM
$0.2354
-
5.65%AVAX
$16.18
-
9.18%SHIB
$0.0₄1135
-
7.36%SUI
$1.9202
-
12.70%HBAR
$0.1412
-
12.02%OM
$5.8789
-
6.07%BCH
$272.90
-
8.85%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Bitcoin Entrepreneur May Bail Out Ailing UK Soccer Club
Jonathan Rowland, founder of bitcoin finance app Mode, may make a bid for struggling British soccer club Wigan Athletic.
Struggling British soccer club Wigan Athletic may have a new investor to save the day, as banker and bitcoin magnate Jonathan Rowland is named the latest bidder, according to a Monday report from The Sun.
STORY CONTINUES BELOW
- Wigan went into administration in July 2020, only four weeks after a Hong Kong-based consortium took over the club. The coronavirus pandemic is said to have had a significant impact on the football club's finances.
- The estimated cost for taking the club out of administration is around £3 million ($4.02 million) and a further £5 million ($6.69 million) is needed to convince the English Football League (EFL) of its long-term plans.
- According to the report, Rowland is “willing to fund" a bid proposed by former professional soccer player Ray Ranson and former Wigan Chairman Darren Royle.
- Rowland is the founder of bitcoin finance app Mode and online investment company Jellyworks, launched at the height of the dot-com boom.
- He is reportedly close friends with Prince Andrew and worth an estimated £600 million ($803 million). In 2005, Prince Andrew unveiled a life-size bronze statue of Rowland smoking a cigar in Guernsey.
- Two unnamed Spanish investors are also bidding for the soccer club, with meetings taking place in November, reports Wigan Today.
Also read: Blockchain Enabled Fantasy Soccer Firm Sorare Raises $4M in Seed Fund Round
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
