I will admit that my life's ambition is to make enough money to buy Arsenal Football Club. I figure it will cost at least $1 billion.
But if I were to take the route that some fans have taken with Ebbsfleet United, a lower-division English soccer club, I could buy them today. I'd just need 14,184,397 others to join with me at Ebbsfleet's rate of $70.50 per member.
The Wall Street Journal reports today on Ebbsfleet's membership scheme, as well as similar efforts throughout Europe, that put the ownership (and fate) of soccer clubs in the hands of the fans:
This month, via a Web site called myfootballclub.co.uk, those soccer fans are slated to take control of the minor-league team in southeast England. Members of the group, including some 1,500 people in the U.S., built up their takeover offer by each pledging $70.50. If the deal goes through as expected, a professional soccer team will be run by an online community for the first time in the history of the sport.… Read more