Fans buy soccer team NOV 10 2008
After a team sale was organized over the web, about 31,000 people have an ownership stake in a UK soccer team called Ebbsfleet United.
MyFootballClub has about 31,000 members/owners from all over the world (including the author of this article), all of whom pay an annual subscription of about $60 to be a member of the nonprofit trust that owns "the Fleet." The club is run on the principle of one person, one vote for every decision, major or minor. Ebbsfleet recently made headlines in the British press when members voted to sell John Akinde, a talented young striker, for about $250,000, the first vote of its kind.