Detroit City Football Club

Neutral
BETA

Be an owner of Detroit's professional soccer team!

Analytics

Raised to Date: $1,213,175

Aggregate Commitments $
Platform

Wefunder

Start Date

07/31/2020

Close Date

11/20/2020

Min. Goal

$50,000

Max. Goal

$1,070,000

Min. Investment

$125

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$10,800,000

Weekly Commitments $
Status

Active

Reporting Date

09/23/2020

Days Remaining

55

% of Min. Goal

2,426%

% of Max. Goal

113%

Likelihood of Max
Avg. Daily Raise

$22,466

# of Investors

3,584

Momentum
Location

Detroit, MI

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

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

Ratings

last updated 09/24/2020

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