Former Manchester United superstars Gary Neville, Paul Scholes and Ryan Giggs are launching a sports-focused decentralised autonomous organisation (DAO) to allow fans to invest in professional football projects alongside them.
The Class of 92 Revisited
As reported by Bloomberg, the football legends have partnered with Singaporean billionaire Peter Lim and his son, Kiat Lim, to create the CO92 DAO, which will allow fans to own a stake of the DAO’s token and make sport-related investments.
CO92 DAO honours the Class of 92, a Manchester United squad distinguished by the names of David Beckham, Gary Neville, Paul Scholes, Nicky Butt, and other legendary players of the club.
The purpose of CO92 DAO is to make football fan ownership accessible to everyone. We have access to unique sporting projects and want to work together with fans to create value together.
Bloomberg
Details of the project are yet to be released but, according to Bloomberg, a public announcement is imminent.
Man U Making Waves in the Crypto Space
Manchester United has been making big moves in the crypto space. Yesterday, Crypto News Australia reported that the English club was set to partner with blockchain platform Tezos for a US$27 million per year sponsorship deal.
CO92 DAO would be the second sports venture by the father-son duo. They already have a football venture called gZujuPG, a digital platform backed by Man U superstar Cristiano Ronaldo.
CO92 DAO is the only way that the community can participate in the high-growth projects that the Class of ’92, Peter [Lim] and myself can provide access to by aggregating our years of experience and high-level personal networks in the industry.
Kiat Lim, Forbes Asia
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