The red flags were clear well before Perth Glory's bizarre cryptocurrency sale turned into a debacle

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ANALYSIS: The red flags were clear well before Perth Glory's bizarre cryptocurrency sale turned into a debacle

The proposed new owner of the Glory had ambitious goals to buy clubs in France and the English Premier League, but it was unclear how exactly the group would pay for it.They were all questions that couldn't be answered — probably because there were no answers, as those involved in the proposed sale did not know themselves.Things turned even more bizarre over the next few days with mixed messages and contradictions adding to the confusion.

The Glory and LFE released a joint statement saying they had reached an agreement for the club to be acquired by LFE.

 

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yeah, the moment the word 'cryptocurrency' entered the conversation.

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