Caledonian Braves - Fan Ownership and Funding
Apr 21, 2024 2:16:08 GMT
cliftonbill and mildrover like this
Post by scoaussie on Apr 21, 2024 2:16:08 GMT
I just stumbled across the Caledonian Braves Wefunder page - wefunder.com/cbfc/buzz - where they've raised US$350k with a target of $750k for 25% of the club, putting it's valuation at $3M? 
While that valuation seems crazy as a newish club with no assets, it highlights there are many people around the world that will put money into a story, if they feel involved.
ARFC have a 142 year history in the game, with many people connected in some way via the area, sentimental or family connections. If the current fan ownership plans can create some kind of mechanism for people to invest, even a small amount for ownership, it can bring in new people who feel connected to the club and want to contribute financially.
While it would be difficult to replicate what the braves are doing without specific skills in building/maintaining an app, a mechanism where people can invest, it's communicated effectively and there are plans to engage and share information with new owners (expect most contributors will be remote), will be a good start in the planning.
I have my doubts with the Braves use of funds, with only 30% going towars playing budget, but they've done well to bring in new investment.
While that valuation seems crazy as a newish club with no assets, it highlights there are many people around the world that will put money into a story, if they feel involved.
ARFC have a 142 year history in the game, with many people connected in some way via the area, sentimental or family connections. If the current fan ownership plans can create some kind of mechanism for people to invest, even a small amount for ownership, it can bring in new people who feel connected to the club and want to contribute financially.
While it would be difficult to replicate what the braves are doing without specific skills in building/maintaining an app, a mechanism where people can invest, it's communicated effectively and there are plans to engage and share information with new owners (expect most contributors will be remote), will be a good start in the planning.
I have my doubts with the Braves use of funds, with only 30% going towars playing budget, but they've done well to bring in new investment.