Fowler, of Chandler, Arizona, is better known for his ties to professional football than his involvement with cryptocurrencies. In 2005, he tried to buy the Vikings for $600 million but had to settle for minority ownership when he couldn’t come up with the cash, according to an article by Minneapolis’ Star Tribune. His involvement with the team ended in 2014.
Fowler was also an investor in Alliance of American Football, an upstart professional football league whose inaugural season began in February. The league claimed bankruptcy a few weeks ago after struggling to make payroll. Fowler had committed to be the league’s primary investor but failed to provide needed capital at the end of last year, according to Sports Illustrated.
This article was provided by Bloomberg News.