Former Manchester United legends Gary Neville and Paul Scholes have reportedly teamed up to develop a one-of-a-kind sports-themed DAO that will allow fans to invest alongside the legends. Nicky Butt, Phil Neville, and Ryan Giggs are among the other Manchester United legends included in this DAO.
“We have access to unique sporting projects and want to work together with fans to create value together,” Gary Neville said in a statement.
In Brief:
- The sports investment DAO would be known as CO92 DAO, after the famed 1992 soccer team.
- The DAO is a joint venture between the soccer icons and Singapore tycoon Peter Lim and his son Kiat Lim.
- CO92 DAO aims to explore strategic relationships with all football-related institutions and connect sports fans globally.
The sports investment DAO would be known as CO92 DAO, after the famed 1992 soccer team, and it would concentrate on strategic investments in soccer-related businesses and initiatives. The DAO is a joint venture between the two soccer icons and Singapore tycoon Peter Lim and his son Kiat Lim.
The Premier League football club will use the DAO to explore strategic relationships with all football-related institutions. The DAO will function as a distributed governance entity that will bring together members who share a common purpose of connecting sports fans all over the world.
While no precise amount of money would be placed in the DAO, Kiat Lim did clarify that a public token sale will take place in the future. Furthermore, no specified minimum amount from a potential investor is required for the sale.
“We are currently already reviewing a range of professional football project opportunities, and will announce developments in the months ahead,” said Kiat Lim.
This would be the father-son duo’s second blockchain sports endeavour. They’ve already created the ZujuGP, a digital platform backed by Manchester United’s Cristiano Ronaldo.
Manchester United’s Class of ’92 is a collective designation given to a group of some of the most gifted players in the club’s history, including David Beckham and Phil Nevill.
Manchester United recently abandoned an eight-year sponsorship agreement with American insurance giant Aon and instead signed a $27 million-per-year arrangement with Tezos.
