Detroit City Football Club
Growth Stage
Be an owner of Detroit's professional soccer team!
Overview
Raised: $1,070,000
Total Commitments ($USD)
Platform
Wefunder
Start Date
07/30/2020
Close Date
11/12/2020
Min. Goal
$250,000
Max. Goal
$1,070,000
Min. Investment
$125
Security Type
Equity - Common
Series
Series A
SEC Filing Type
RegCF
Price Per Share
$125.00
Pre-Money Valuation
$10,800,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2020
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$10,288
# of Investors
2,847
Momentum
Funded
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Year Founded
2015
Industry
Media, Entertainment & Publishing
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Detroit City Football Club, with a pre-money valuation of $10.8 million, is raising funds on Wefunder. It is the professional soccer team of Detroit. It has consistently redefined American soccer by being fun, memorable, winning, professional, authentic, and inspiring. Detroit City Football Club is led by Sean C Mann and Todd Kropp and has raised over $1.9 million since its inception. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used for Keyworth Stadium improvements, additional staffing, and cash reserves for COVID related uncertainties. Detroit City Football Club is loved by the fans and experienced double-digit growth in attendance and revenue for seven of its first eight seasons.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,561,537 |
$1,162,840 |
|
COGS |
$886,699 |
$516,911 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-452,499 |
$175,534 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$84,871 |
$89,688 |
|
Accounts Receivable |
$30,224 |
$130,531 |
|
Total Assets |
$613,241 |
$650,007 |
|
Short-Term Debt |
$240,895 |
$324,651 |
|
Long-Term Debt |
$338,315 |
$0 |
|
Total Liabilities |
$579,210 |
$324,651 |
Financials as of: 07/30/2020
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