buy a footballl club (kinda)

[chris123]

Ive found my calling

BBC

official site

[Guest coronationcages]

scam written all over it

[CaleyD]

The concept of 50,000 people getting together to buy a football club is the easy bit and probably relatively likely to happen IMO.

Where the difficulty will occur is in the idea that everyone will be able to vote on team selection, transfers etc etc.

I can just envisage a stadium where every seat is fitted with one of those multi-choice answer button things.  "MyFootballClub" gets a penalty and it comes up on the big screen telling you to type in the number of the player who you think should take it  :D

[Scotty]

The concept seems pretty good, its well thought out and whats more might even work ..... not sure any manager would want to work in that way though - getting team selections via the web or from other people - imagine that  :023: ..... of course if they have the name Romanov on their CV as a former employer they might consider it.

Where I find it hard to swallow is that out of your £35.00 yearly membership there is only £27.50 that goes to the club with the other £7.50 earmarked for the running of the website/staff costs. If the person who thought it up succeeds in getting the 50,000 members then that is a yearly income of £1,750,000 of which a whopping £375,000 will disappear into the ether - someone is going to be living like a lord on the back of this one even if it is legitimate.

note: to put things in perspective, website running costs for us are less than £1000 per year and even if both of us drew a salary from the site, employed a full time web designer to tweak things all the time, rented an office and served up the website from our own dedicated web hosting service the cost wouldnt get past 100K per year !!!

[chris123]

:019:

and i was so excited as well

[Proctor]

If you register and change your mind (i just registered without really thinking) do you have to pay?

[Guest Arab4Ever]

The concept of 50,000 people getting together to buy a football club is the easy bit and probably relatively likely to happen IMO.

Where the difficulty will occur is in the idea that everyone will be able to vote on team selection, transfers etc etc.

I can just envisage a stadium where every seat is fitted with one of those multi-choice answer button things.  "MyFootballClub" gets a penalty and it comes up on the big screen telling you to type in the number of the player who you think should take it  :D

:015: :015:

[Guest Arab4Ever]

the real problem would be if the club started going into debt. as the owner of 1/50000th of the club are you also responsible for 1/50000th of debt repayment?

[Scotty]

the real problem would be if the club started going into debt. as the owner of 1/50000th of the club are you also responsible for 1/50000th of debt repayment?

answered in the FAQ on the site - no, not liable for any debt. think the idea is interesting in nature, just very sceptical about how the money is split - still cant fathom how 375K per year is needed for website maintenance.

[chris123]

Scotty agree with your point but surely a project of this size requires much more than just website staff

[Scotty]

If the website said it was to pay club staff or other costs at the club I wouldnt be bothered but it clearly says

"Of this annual membership fee, £27.50 goes into the club and £7.50 towards the staffing, day-to-day running, maintenance and upgrades to the MyFootballClub site. The average dating website charges £10 a month - MyFootballClub works out at 63p a month."

bear in mind that 50k members at 35 a pop is 1.75 million ... when you read the other FAQs, it is clear that they are at least being up front about how much is going into the club when they say

"50,000 members is the starting point. This generates a Purchase Fund of £1.375M, which will be enough to buy a lower league club and buy players. New members will be able to join after the takeover, to help the club grow."

1.75 million, less the 375k for the website and you get the 1.375 purchase fund they talk about .... also, new members will be able to join so the 375k could end up being a lot more .....

Other than someone like Google, Microsoft or other behemoths I just cant see how it takes 375k to run a website - whats there is pretty simple and what they want to do is no huge technology leap either. not saying its a scam, just that someone may become very wealthy because of it.

[CaleyD]

Yup - someone is going to be very rich.  Even if they were to have someone write an entirely new site from the ground up instead of using existing software (most of which is available free) then your still looking at a salary element in the region of £300k a year going to one or two people (which is all it would take to operate the site).

One of these days I'll come up with an idea like that to help bring retirement a bit closer!!!!

[clacher_holiday2]

itll all end up in the hands of a lawyer or taxman some way down the line, nobody will get rich from this

[CaleyD]

Other than the taxman and the lawyers you mean?

[Scotty]

you are probably right Clacher

[beachcomber]

If you register and change your mind (i just registered without really thinking) do you have to pay?

didn't you read the small print,

you must be a marketing man's dream

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