Thursday, January 24, 2008

US Sports Fans Want To Buy A Team

In an idea similar to the's successful effort to purchase a European football club, some guys here in the good ole US of A are trying to gather sports fans together to purchase a professional sports franchise of any type. Its called Project Franchise and it wants sports fans of all types to give $5 bucks for a share in a sports team yet to be purchased. They aren't trying to buy a MLB, NBA, NFL, or NHL team yet, we all know those cost hundreds of millions of dollars, but they are trying to buy into a minor league baseball or hockey team, NBDL franchise, or Arena League team.

With your 5 bucks, you get a vote in the running of a professional sports team ("team name, colors, coaches and lineups all the way down to condiments at the concession stand"), which is pretty much every fan's dream, right? Seems pretty cheap to me but also just a little bit dangerous if they aren't careful because the British version wanted a donation of 70 bucks for 1 share and each person could have just 1 share so that block voting did not occur. Lets hope this rule exists here.

Also, they'll have to get tens of thousands of donations to get enough to purchase a team. 50,000 people with 5 dollar donations means just $250,000 and I wouldn't think that'd be enough, but what do I know.

We'll see if these guys can figure out these kinks as it goes, but right now they just want people to sign up for their mailing list if they are interested in the idea or there is a facebook group you can sign up with.

Its an interesting idea and we encourage you to sign up and see what happens, I mean, the worst thing is you get your 5 bucks back and you don't own a team. Nothing wrong with that.

From Project Franchise

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