Oakland Sports Club

Oakland Sports Club

Growth Stage

Oakland First, Always

Oakland First, Always

Overview

Raised to Date: Raised: $2,371,051

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/18/2023

Close Date

04/29/2024

Min. Goal
$51,480
Max. Goal
$4,993,560
Min. Investment

$100

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$10,296.00

Pre-Money Valuation

$78,226,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/28/2023

Days Remaining

214

% of Min. Goal

4,606%

% of Max. Goal

47%

Likelihood of Max
extremely
Avg. Daily Raise

$57,831

Momentum
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Year Founded

2018

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Oakland, California

Business Type

Life Style

Company Website

Oakland Sports Club, with a valuation of $78.2 million, is raising funds on Wefunder. It is a pro sports club with purpose-driven soccer teams. Oakland Sports Club’s teams include Project 51O, Roots, and Soul, and they bring sports and community together. Oakland Sports Club is the best hope for pro sports in Oakland and also the first pro team to be a member of the global Common Goal movement. Mike Geddes and Edreece Arghandiwal founded Oakland Sports Club in July 2018. The current crowdfunding campaign has a minimum target of $51,480 and a maximum target of $4.99 million. The campaign proceeds will be used for staff, coach, player, and related costs, gameday and facility costs, and real estate planning.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,775,068

$1,992,179

COGS

$492,247

$246,385

Tax

$0

$0

 

 

Net Income

$-9,946,863

$-11,619,433

Summary Balance Sheet

FY 2022 FY 2021

Cash

$777,596

$555,587

Accounts Receivable

$125,208

$22,426

Total Assets

$7,436,939

$7,642,732

Short-Term Debt

$1,281,952

$2,875,411

Long-Term Debt

$9,396,800

$4,528,535

Total Liabilities

$10,678,752

$7,403,946
Financials as of: 08/18/2023
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Oakland Sports Club on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Common
Valuation: $78,226,000
Price per Share: $10.00

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