Over a long period of time, various European football clubs have caught the eye of businesspersons from different countries of the Middle East. They’ve followed a trend similar to clubs like Manchester City, PSG, and Newcastle. Apart from this, several European clubs have ownership from individuals and business entities in the United States. Now, a California-based company is attempting to venture into Spanish football ownership. However, the approach of this renowned Silicon Valley technology firm is somewhat different. They want ownership in the club but not in monetary terms.
Spanish media outlet AS has reported that the Silicon Valley-based sports investment company, F2 Sports Crowdfunding, aims to acquire a club through crowdfunding. Their fundamental idea is to allow football enthusiasts worldwide to invest in a club. Supporters’ participation in this venture is termed as ‘Fan to Owner.’ AS has further revealed that the company has already collected 50,000 euros towards their goal of investing in a Spanish club.
The company has articulated its objective, stating, “We want to give global fans the opportunity to become owners of a Spanish club. We aim to facilitate their involvement in the sporting industry in a way that has never been done before. We want to ensure that supporters’ opinions are taken seriously in any decision, something that was previously limited to a select few. And this will only be possible when they can transform their purchased shares into tangible assets.”
By inviting investments in Spanish clubs, the company wrote, “There are very few places in the world where the love for sports blends with culture. So invest in F2 Sports and become an owner of your favorite club. Make the decision now and experience the thrilling journey of shaping the future of sports ownership.”
It is known that one of the potential clubs could be Granada from La Liga. Additionally, clubs like Fuengirola of the third division and Sabadell, as well as Talavera from the fourth division, are also in the list. Earlier in August, the founders of the company had even visited these clubs, aiming to understand how they are managed.
The execution of this plan might unsettle current football club owners, according to the company. Granada, currently positioned 19th in the La Liga standings, could see a reduction in value if they continue to remain unimpressive, descending to the lower tier. Previously, even in the past summer, the club had come close to being sold, indicating the owners’ uneasy relationship with the club regarding contract matters.
