Overview

• Over 22,600 members from 44 nations invested in the Football Cooperative St. Pauli, purchasing 34,328 shares worth €29.18 million.
• The cooperative narrowly missed its €30 million goal but surpassed the €20 million minimum required for majority ownership of the stadium operating company.
• Proceeds will refinance nearly €15 million in stadium loans and clear COVID-era debts, with no funds allocated to the playing squad.
• The initiative is hailed as the most successful fan-based financing in professional football and has drawn international attention as a model for sustainable club governance.
• The cooperative’s first online general assembly is scheduled for June 20, 2025, marking the next step in its democratic decision-making process.