Fan Owned Club
Early Stage
Giving all soccer fans the opportunity to own part of a European club
Overview
Raised: $130,701
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/01/2022
Close Date
12/20/2022
Min. Goal
$50,000
Max. Goal
$711,800
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$28,127,250
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$497
# of Investors
132
Momentum
Funded
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Year Founded
1969
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
Low
Fan Owned Club, with a valuation of $28.1 million, is raising funds on Wefunder. The club is an association of fans, shareholders, and owners of professional soccer clubs. The membership to Fan Owned Club gives members access to and participation in critical operational and strategic decisions of the club, starting with the first club, FC Pinzgau Saalfelden. Mark Ciociola, Steve Paris, and Trey Fitz-Gerald founded Fan Owned Club in March 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $711,800. The campaign proceeds will be used for players and staff, live streaming and content, facility investment, marketing, and operating expenses.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$11,112 |
|
COGS |
$14,468 |
$6,685 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-260,614 |
$-510,930 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$30,432 |
$6,681 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$2,023,393 |
$1,937,126 |
|
Short-Term Debt |
$660,350 |
$654,848 |
|
Long-Term Debt |
$250,000 |
$50,000 |
|
Total Liabilities |
$910,350 |
$704,848 |
Financials as of: 04/01/2022
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Fan Owned Club | 12/13/2023 | Wefunder | $34,872,390 | $65,464 | Equity - Common | Active | RegCF |
| Fan Owned Club | 12/20/2022 | Wefunder | $28,127,250 | $130,701 | Equity - Common | Funded | RegCF |
| Fan Owned Club | 04/22/2021 | Wefunder | $26,300,000 | $358,200 | Equity - Common | Funded | RegCF |
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