Tuesday, February 26, 2008

Bang the Gavel: A Real Life Fantasy Team

Would you like to share a fantasy team with 52,999 co-owners? What if that team played in real games?

On November 13, 2007, a company called MyFootballClub Ltd. acquired ownership of the longstanding British soccer club Ebbsfleet United FC. MyFootballClub Ltd. then sold shares in the Ebbsfleet United FC club to 53,000 fans, located in 70 different countries. The shareholders get to “vote on all the major decisions … from ticket pricing … to stadium development.” All voting is conducted over the Internet.

For those interested in learning more about investing in Ebbsfleet United, as well as about other public sports investments, please visit my full article on this topic at Above the Law.

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