FC St. Pauli Launches Fan-Driven Cooperative to Tackle Debt
The Bundesliga club seeks to raise 30 million euros by involving fans and members in a unique financial model.
- St. Pauli's cooperative model allows fans and club members to invest, aiming to reduce reliance on large investors.
- The initiative is set to raise funds by selling shares at 850 euros each, with a target of 30 million euros.
- Funds will be used to pay off stadium and COVID-related debts, enhancing financial flexibility.
- The cooperative structure grants each shareholder one vote, emphasizing democratic decision-making.
- Experts see potential in the model but note challenges, such as managing mass withdrawals from the cooperative.
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