Bradford City are the subject of takeover interest by a crypto company.
WAGMI United are believed to be planning to use non-fungible tokens (NFTs) to create a new model of sports club ownership.
NFTs have no physical form but can be bought or sold. WAGMI held a Twitter "space" announcement on social media on Thursday, without naming any club.
The group outlined their plans, claiming that their end goal was to get the club they purchase into the Premier League. It was later revealed that the club in question is the Bantams.
A report in the Washington Post says that the group's aim is to complete their purchase of an EFL club in the next month.