The Tennessee club sold more than $500,000 in shares in a month. They believe they have tapped into a market for fans who want a stake in their team
Stefan Szymanski is a professor of sport management at the University of Michigan, the author of the much-lauded Soccernomics, and a supporter of Detroit City FC of the semi-pro National Premier Soccer League (NPSL). So why has Szymanski, who moved to the United States from Britain eight years ago, invested in an NPSL rival, Chattanooga FC?
The answer lies in shares. Szymanski bought two in the club, at $125 each, so he will be far from a majority owner; in fact, he already has has more than 2,000 partners from 44 US states and 10 countries around the world. Chattanooga FC said they sold more than $500,000 in shares in a month, after they became the first American sports team to sell limited public stock since securities reform laws were passed in 2016.
Source: Football News
Link : Chattanooga FC: the US club with 2,000 owners around the world