Lanterne Rouge Posted January 2, 2023 Report Share Posted January 2, 2023 Some strange goings-on in deepest Sussex. Apparently their new owners have sacked Matt Etherington as manager after 32 days and their co-chairman was in the dugout for their game v Stevenage. It appears that this was as a result of them selling Tom Nicholls to Gillingham when he didn`t want to go and Etherington wanted him to stay. Our old boy Darren Byfield is now in charge temporarily. I can`t see this ending well, another Macclesfield is looming I think. 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 2, 2023 Report Share Posted January 2, 2023 Are they still deciding everything via fan token holder votes? Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted January 2, 2023 Author Report Share Posted January 2, 2023 1 minute ago, ExiledAjax said: Are they still deciding everything via fan token holder votes? I haven`t seen that - how did that work? Quote Link to comment Share on other sites More sharing options...
Unan Posted January 2, 2023 Report Share Posted January 2, 2023 They have US Crypto owners Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 2, 2023 Report Share Posted January 2, 2023 (edited) 6 minutes ago, Lanterne Rouge said: I haven`t seen that - how did that work? This is from the summer. https://www.google.com/amp/s/amp.theguardian.com/football/2022/jun/09/web3-in-league-two-crawley-town-and-the-crypto-bros “A lot of the world whether it be football, sport crypto or whatever is living a more digitally native life,” says Johnson. “We think there’s an opportunity for the remote fan to attach themselves to a club as a result. We want to offer unprecedented access to local as well as remote fans and technology gives us that ability to do it in a way that hasn’t been done before. That’s the macro vision.” Johnson is a large thirtysomething man with a bushy blond beard and, on this day, a pair of designer slip-on shoes with a big picture of a water tower on them. He’s a professional gambler turned crypto investor and he is confident in his idea for Crawley. The club will soon offer for sale a number of digital tokens that will give purchasers the opportunity to watch and take part in decision-making. This, Johnson says, will go well beyond the offerings made by companies such as Socios who run schemes for a number of leading European teams where tokens allow users to vote in polls on club matters." I'm not certain that they actually did this, or if it's still going on. Edited January 2, 2023 by ExiledAjax 1 Quote Link to comment Share on other sites More sharing options...
Lrrr Posted January 2, 2023 Report Share Posted January 2, 2023 They put their whole team up for sale on a website called TransferRoom and then when it came out publicly tried claiming they did it by accident when in reality you’d have to put them up for sale one by one 1 Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted January 2, 2023 Author Report Share Posted January 2, 2023 1 minute ago, ExiledAjax said: This is from the summer. https://www.google.com/amp/s/amp.theguardian.com/football/2022/jun/09/web3-in-league-two-crawley-town-and-the-crypto-bros “A lot of the world whether it be football, sport crypto or whatever is living a more digitally native life,” says Johnson. “We think there’s an opportunity for the remote fan to attach themselves to a club as a result. We want to offer unprecedented access to local as well as remote fans and technology gives us that ability to do it in a way that hasn’t been done before. That’s the macro vision.” Johnson is a large thirtysomething man with a bushy blond beard and, on this day, a pair of designer slip-on shoes with a big picture of a water tower on them. He’s a professional gambler turned crypto investor and he is confident in his idea for Crawley. The club will soon offer for sale a number of digital tokens that will give purchasers the opportunity to watch and take part in decision-making. This, Johnson says, will go well beyond the offerings made by companies such as Socios who run schemes for a number of leading European teams where tokens allow users to vote in polls on club matters." Gulp! If ever proof of `be careful what you wish for` this is probably it. 3 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 2, 2023 Report Share Posted January 2, 2023 1 minute ago, Lanterne Rouge said: Gulp! If ever proof of `be careful what you wish for` this is probably it. So it looks like they did launch the token, and about 5,000 have been sold. Some people could have bought more than one though. Currently the "value" is about US$50, but the main thing was that holding a token gave you the ability/right to vote on stuff that the owners let you vote on. From what's happening at the club now, it's likely safe to assume that this has gone poorly. A little more here, again from summer. The catch with this sort of thing is normally that you don't buy the token with cash. Generally you have to buy a certain crypto currency, of which the token issuing company/people will own a lot of, and then you have to use that crypto currency to buy the token. In this way the sale of the tokens inflates the value of that crypto currency, and so increases the wealth of the owners. It's not dissimilar to old pump and dump share scams that were popular back in the 90s (see Wolf of Wall Street). 2 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 2, 2023 Report Share Posted January 2, 2023 (edited) Does this go in the file of "Weird statements from lower league chairmen"? I think probably yes it does. Published 6 hours ago as a follow up to the main story that @Lanterne Rouge alludes to. Edited January 2, 2023 by ExiledAjax 1 1 Quote Link to comment Share on other sites More sharing options...
Northern Red Posted January 2, 2023 Report Share Posted January 2, 2023 Kevin Betsy was in charge there before Etherington. He lasted 4 months, and half of that was preseason. Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted January 2, 2023 Author Report Share Posted January 2, 2023 1-0 up at Newport. Quote Link to comment Share on other sites More sharing options...
italian dave Posted January 2, 2023 Report Share Posted January 2, 2023 Pity really - I have a very soft spot for Crawley....based on one single but very memorable visit. 4 1 Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted January 2, 2023 Author Report Share Posted January 2, 2023 Our Darren`s just been sent off. Currently 2-2 after Crawley were 2-0 up. Quote Link to comment Share on other sites More sharing options...
BS2 Red Posted January 2, 2023 Report Share Posted January 2, 2023 1 hour ago, ExiledAjax said: Does this go in the file of "Weird statements from lower league chairmen"? I think probably yes it does. Published 6 hours ago as a follow up to the main story that @Lanterne Rouge alludes to. Is Preston yet another member of Gary's family? Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 5, 2023 Report Share Posted January 5, 2023 https://www.theguardian.com/football/2023/jan/05/crypto-chaos-how-crawley-crumbled-under-owners-reckless-leadership Whenever you feel like ranting about SL or our CEO just remember that there are clubs out there who have it much worse. Some highlights form the above article: "One financial incentive for Telford [the new signing from League Two Newport] is to win the ball back in the opposition half, a bonus that is unusual in professional football." "Then there was the case of trying to sign a centre-back this summer who was offered a bonus per header as part of a proposed contract. Considering the stats show the player in question makes between 20 and 30 a game, it would have been a lucrative deal in the fourth tier but he opted to go elsewhere." "Three YouTubers from Sidemen FC, who have a partnership with Wagmi [Crawley Town's parent company], were granted trials at the club. “All three players will be further evaluated by coaches and staff during the session for possible inclusion in the team for the Red Devils’ upcoming FA Cup match against Accrington Stanley on 5 November,” Crawley said. None of them were signed." 1 1 Quote Link to comment Share on other sites More sharing options...
Northern Red Posted January 5, 2023 Report Share Posted January 5, 2023 9 minutes ago, ExiledAjax said: https://www.theguardian.com/football/2023/jan/05/crypto-chaos-how-crawley-crumbled-under-owners-reckless-leadership Whenever you feel like ranting about SL or our CEO just remember that there are clubs out there who have it much worse. Some highlights form the above article: "One financial incentive for Telford [the new signing from League Two Newport] is to win the ball back in the opposition half, a bonus that is unusual in professional football." "Then there was the case of trying to sign a centre-back this summer who was offered a bonus per header as part of a proposed contract. Considering the stats show the player in question makes between 20 and 30 a game, it would have been a lucrative deal in the fourth tier but he opted to go elsewhere." "Three YouTubers from Sidemen FC, who have a partnership with Wagmi [Crawley Town's parent company], were granted trials at the club. “All three players will be further evaluated by coaches and staff during the session for possible inclusion in the team for the Red Devils’ upcoming FA Cup match against Accrington Stanley on 5 November,” Crawley said. None of them were signed." "...Johnson discussed how Etherington was a good fit with Wagmi because of his “appetite for risk” that he rather crassly associated with the former Stoke winger’s historic gambling problems. Etherington was then deemed too much of a risk and sacked after only three games in charge...." Blimey. 1 Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted January 5, 2023 Author Report Share Posted January 5, 2023 You know how we often say `real life`s not like Football Manager you know?` Well, in Crawley it seems it is. 1 Quote Link to comment Share on other sites More sharing options...
Lrrr Posted January 5, 2023 Report Share Posted January 5, 2023 Apparently the owners wanted to allow fans to vote on picking the starting XI for a game hahahahahahahahahaha Quote Link to comment Share on other sites More sharing options...
Chrizzler Posted January 5, 2023 Report Share Posted January 5, 2023 Being reported that Swindon manager going there! Quote Link to comment Share on other sites More sharing options...
Admin phantom Posted January 7, 2023 Admin Report Share Posted January 7, 2023 Certainly a mess there https://www.bbc.co.uk/sport/football/64194117 Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted January 7, 2023 Report Share Posted January 7, 2023 Reading that made me wonder what happened to MyFootballClub. They bought a stake in Ebsbfleet in 2008 and sold it five years later after significant decline in membership; I'd say moderately successful given that people were paying an annual fee rather than a big payment up front which would have meant losing their money even though it's over now. There are multiple examples of similar ventures at the foot of the page; usually associated with buying and running a particular club whereas MyFootballClub was formed with teh intention of then finding one. https://en.wikipedia.org/wiki/MyFootballClub Quote Link to comment Share on other sites More sharing options...
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