Post by nugglyfe on Jan 3, 2023 14:58:55 GMT
Jan 3, 2023 11:30:32 GMT thad said:
However this "project" from the owners was intriguing and ultimately I've watched all Crawley Town matches so far this year. Yes I ventured into the NFT world too...oh well on that "investment".
We can see the direction of travel for the football operation and we all know that they operate in a “fake it till you make it world”, but they arrived with a manifest destiny to combine NFT & footy in a winning formula.
Apparently, with the Consortium they had put together - although the football side may take a bit of time - the NFT element was a slam dunk with their proven track record and literally millions of online followers for their own cohort & associated partners (Adidas, Sidemen etc). And according to the hype it was a great success, or so we are told…
Now if we are being candid, we all know that NFTs are just a means for getting new mug punters into the bottom of the crypto pyramid, which those higher up the pyramid rely upon. And they gave us reassuring numbers for the initial drop… but no detail.
In an unregulated market there is nothing to prevent their people from hyping their own product, it goes on, but to what extent…? Are there now people who provided seed funding to Wagmi Utd, who are stuck with a load of NFTs that are losing value…?
Combine that with an increasing cost base at Crawley Town, some of it deliberate (recruitment, warm-weather training), some of it circumstantial (severance packages) and a financial black-hole could emerge. Even when they were splashing the readies there were anecdotal tales of petty cost-cutting that did not reconcile with the big picture.
The cruelest one being the young player who had his arrangement for the club to pay his rent abruptly terminated. It did not sit comfortably. And could explain why offloading experienced players in favour of younger - cheaper - ones becomes an attractive proposition.
As the season progressed, the last thing those investors would have wanted to see is one of their own, ranting like a paranoid coke-head on Twitter.
So Pardner, we can all see for ourselves how they are perceived in the football world… so why don’t YOU tell US whether they still have any credibility on the other side of the equation... or are they now a laughing stock in the online sphere too…?
I'm not really the right person to answer regarding the owners' online credibility. I knew of the big investors but had no idea who the owners were before this all started. I will say their PFPs (converted from original NFT) seemed to be getting high praise but the value does not reflect those opinions. Fortunately I didn't buy the NFTs at their peak but they have plummeted in value since the beginning (although some of that was expected once the original NFT was used to get a kit).
I will say the Eben rant was one of the strangest, most unprofessional things I've ever seen in the sports world.
I know it's a long shot but hoping things turn around for the better starting this month. I can't imagine as a long time fan how frustrating this whole thing has been.