UK based MyFootballClub is aiming to take the power of collaborative social membership to the world of English soccer by purchasing a professional English soccer team using user contributions.
The site launched in April and had over $500,000 in contributions within its first 24 hours.
The legal side is fairly simple. Contributors become members of the MyFootballClub Trust for £35 ($69). £27.50 goes towards purchasing a soccer club, buying new players and other club expenditure with the remaining £7.50 going towards administration. The Trust will acquire a soccer club only on the basis that the purchase provides a controlling stake (51%+) of the club and where the club is either debt free or has a manageable level of debt.
Members are then said to have “an equal say in team selection, player transfers and the running of the club.”
MyFootballClub aims to buy a mid-tier English soccer club with an aim of building the club into a future Premier Division side.
At the time of writing MyFootballClub had over 53,000 members and had taken more than £1.375 million ($2.73 million) in member subscriptions. The site is currently in negotiations with four prospective acquisition targets.
Showing posts with label Own. Show all posts
Showing posts with label Own. Show all posts
Monday, August 27, 2007
Own Your Own English Soccer Team: MyFootballClub
Monday, August 13, 2007
The King Is Long Gone But His Brand Has A Life of Its Own
By Melinda Newman Thursday marks the 30th anniversary of Elvis Presley's death, but in many ways the keepers of his estate are only starting to take care of business.
Biggest Elvis fan in the Southland? You be the judge
Memories of Elvis
http://news.google.com/nwshp?hl=en&tab=wn
Subscribe to:
Posts (Atom)
