“We are currently already reviewing a range of professional football project opportunities, and will announce developments in the months ahead,” 28-year-old Kiat Lim said by email. “Access to this industry does not come easy or cheap, we are bringing many cumulative years of experience and personal high-level networks into this project to try to make it as big a success as it can be.”
Former Manchester United football players including Gary Neville and Paul Scholes are teaming up with wealthy Singaporeans Peter Lim and his son Kiat Lim to create an organization that will allow fans to make sports-related investments alongside them.
The participants are creating a decentralized autonomous organization, or DAO – an entity that is meant to have a distributed governance model and brings together participants with set goals or ideas – that will aim to connect sports enthusiasts globally, according to a statement Monday. CO92 DAO, named after the Manchester United squad of 1992, will focus on strategic projects with football-related entities.
