The Silicon Valley-based company invites fans to be co-owners of a club “for less than $100”
MADRID, 13 Dic. (EUROPA PRESS) –
The initiative promoted by f2o Sports Corporation, a global company founded in the heart of Silicon Valley (United States) and which offers fans to be co-owners of a club, has been “well received” by football clubs in the EA Sports League such as Granada CF, and CF Fuenlabrada, Talavera CF and CE Sabadell, from the First Federation.
Last August, the founders of f2o Sports, Andrés Fleischer and Stefano Angeli, traveled to Spain to visit these football clubs, where their vision on fan ownership and the digitalization of sport on a global scale was “well received,” as he noted. to Europa Press Wolfgang Muller, CEO and also co-founder of the company.
For Muller, sports teams need resources to improve their finances and increase their potential and, with a global strategy of decentralizing ownership and allowing fans around the world to have the possibility of buying shares, they help them “grow exponentially.” .
“There are very few places in the world that mix culture with the love of sport like Spain does. The current sports ownership model has not changed for centuries, we know that now is the time for change. We are going to make some people of the industry feel uncomfortable, but monumental changes always do,” the CEO of f2o Sports added during his visit to the Madrid headquarters of Europa Press.
In Muller's opinion, fans raise the valuation of their favorite clubs “without receiving anything in return” and he considered that this imbalance must be “changed.”
In this sense, f2o Sports announced the start of its crowdfunding campaign, under its subsidiary Fan to Owner LLC, so that fans can become co-owners of a soccer team in Spain “for less than $100.”
In the first stage, it invited fans from all over the world to join a waiting list to be the first to know the launch date of its crowdfunding campaign. Currently, the global company that emerged on the sports fields of Stanford University announces the second stage: a capital raising under the Crowdfunding Regulation (Reg CF) that will allow fans around the world the opportunity to invest and receive benefits for early registration in a soccer team in Spain.
“We want to ensure that fans have a voice in decisions and access to content that was previously reserved only for a few. All this, while monetizing the units they buy through our Reg CF,” Muller stressed.
The third stage of this “disruptive” initiative will consist of implementing the “digitalization”, “globalization” and “decentralization” processes of the clubs. “f2o Sports is preparing to change the outdated model of professional sports ownership by turning sports fans around the world into true owners of the game,” celebrated its CEO.
This initiative is global in nature because it reaches clubs of all types of sports around the world and, for the moment, it has been made public in 9 countries, including Spain. Initially, those responsible for f2o Sports have focused on football, but they aim to reach franchises in other disciplines such as basketball or cricket.