Fan Owned Club

Underweight
BETA

Giving all soccer fans the opportunity to own part of a European club

Analytics

Raised to Date: $313,910

Aggregate Commitments $
Platform

Wefunder

Start Date

04/24/2020

Close Date

01/16/2021

Min. Goal

$200,000

Max. Goal

$1,070,000

Min. Investment

$500

Security Type

Equity - Common

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$26,300,000

Weekly Commitments $
Status

Active

Reporting Date

11/29/2020

Days Remaining

47

% of Min. Goal

157%

% of Max. Goal

29%

Likelihood of Max
Avg. Daily Raise

$1,433

# of Investors

246

Momentum
Location

Nashville, TN

Industry

Media, Entertainment & Publishing

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Business Type

Life Style

Fan Owned Club, with a pre-money valuation of $26.3 million, is raising funds on WeFunder. The club is an association of fans, shareholders, and owners of professional soccer clubs. The membership to Fan Owned Club gives members access to and participation in critical operational and strategic decisions of the club, starting with the first club as FC Pinzgau Saalfelden. Fan Owned Club was founded by Mark Ciociola, Steve Paris, and Trey Fitz-Gerald in March 2019 and has raised over $790,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $200,000 and a maximum goal of $1,070,000, will be used towards club purchase payment, merchandise, players, staff, and front office wages and expenses, and loan repayment.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-46,501

$0

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$10,570

$0

Accounts Receivable

$0

$0

Total Assets

$1,547,709

$0

Short-Term Debt

$662,960

$0

Long-Term Debt

$0

$0

Total Liabilities

$662,960

$0

Ratings

last updated 11/29/2020

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Analyst Report

Underweight
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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