Distortion #2: Regulatory restrictions limit club’s choices in search of capital & resources.
This is really amusing, ‘cos it comes only 2 days after my write-up where I draw parallels between football and politics.
“Lavrov noted that a grand football club in Europe had to revoke its request for assistance from a Russian non-governmental organisation that is helping with medical supplies amid the pandemic after being discouraged from receiving Russian help”.
Wouldn’t it be great if that undisclosed ”grand football club in Europe” could just turn to millions of their loyal football fans and crowd-fund the required capital/resources, skipping the entire need to play the game of politics and rather focus on what they do best – playing the game of football?
Football (soccer) is full of economic distortions resulting in consistently unpredictable side-effects.
Very curious to hear more about this story to validate my early assumptions.
#SportsDemocracy #freemarket #FanInvestors #FIFA #UEFA #Sports #Football #soccer #SportsD3 #SD3 #digitalassets #tokenization #DeFi
‘‘Sports D³’ (‘D-Cubed Ventures OÜ’) is the leader is sports democracy. SD³ is a digital marketplace for assets in the sports industry. Join with many other sports fans, pro athletes and clubs by signing up at www.SportsD3.com