Fan Owned Club
Early Stage
Giving everyday fans a chance to own a piece of a European soccer club
Overview
Raised: $51,948
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/19/2023
Close Date
04/29/2024
Min. Goal
$50,000
Max. Goal
$544,000
Min. Investment
$220
Security Type
Equity - Common
SEC Filing Type
RegCF
Price Per Share
$10.00
Pre-Money Valuation
$34,872,390
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
216
% of Min. Goal
104%
% of Max. Goal
10%
Likelihood of Max
Avg. Daily Raise
$7,421
Momentum
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Year Founded
1969
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Location
Nashville, Tennessee
Fan Owned Club, with a valuation of $34.87 million, is raising funds on Wefunder. The club is an association of fans, shareholders, and owners of professional soccer clubs. Membership in the 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. Steve Paris founded Fan Owned Club in March 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $544,000. The campaign proceeds will be used for players and staff, fan owner experience, operating expenses, marketing, and debt repayment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$10,379 |
$0 |
|
COGS |
$3,667 |
$14,468 |
|
Tax |
$5,061 |
$9,250 |
| ||
| ||
|
Net Income |
$-329,814 |
$-260,614 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$33,618 |
$30,432 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,919,749 |
$2,023,393 |
|
Short-Term Debt |
$795,361 |
$660,351 |
|
Long-Term Debt |
$245,500 |
$250,000 |
|
Total Liabilities |
$1,040,861 |
$910,351 |
Financials as of: 09/19/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Fan Owned Club | 04/29/2024 | Wefunder | $34,872,390 | $51,948 | 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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