Overview

Raised to Date: Raised: $544,000

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/18/2023

Close Date

12/13/2023

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

Funded

Reporting Date

12/30/2023

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$6,400

# of Investors

492

Momentum

Funded

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Fan Owned Club

Year Founded

1969

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Location

Nashville, Tennessee

Company Website

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: 09/18/2023

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Fan Owned Club	12/12/2023	Wefunder	$34,872,390	$544,000	Equity - Common	Funded	RegCF
Fan Owned Club	12/19/2022	Wefunder	$28,127,250	$130,701	Equity - Common	Funded	RegCF
Fan Owned Club	04/21/2021	Wefunder	$26,300,000	$358,200	Equity - Common	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Steve Paris' Vision: Fans as Club Co-Owners

Fan Owned Club, led by Steve Paris, is changing how fans interact with their favorite sports teams. Starting with Austria’s FC Pinzgau Saalfelden, fans can own a piece of the club, receive insider perks, and even give strategic insight into how the club is managed. Fan Owned Club has recently extended its reach into Ireland and plans to launch a +Fan platform soon. This platform will facilitate broader fan ownership for clubs and extend beyond soccer.

In our conversation with Steve, we dove into his growth strategy, exploring how Fan Owned Club can catalyze increased revenue for teams. We discussed the unique aspects of this opportunity as well as what inspired it.

Read Founder Interview