Crowd-buying a soccer team — Update
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Quick update about MyFootballClub, which we wrote about when they launched in May. The venture, which hopes to harness the wisdom of crowds to manage a professional league soccer team (or football club, if you prefer), has just reached its target of 50,000 members. If all members follow through and pay their GBP 35 membership fee, MyFootballClub will soon have GBP 1,5 million in the bank and will be able to buy a team. Thanks to a novel concept that garnered plenty of media coverage, it took MyFootballClub less than three months to get 50,000 potential owner-managers to sign up.…
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