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With many queries surrounding our recent partnership with Carrick Rangers F.C. (CRFC), we aim to address a few questions regarding what this collaboration means for Fan Owned Club (FOC) and how it will shape the future of fan engagement.
The partnership with Carrick Rangers is a pivotal step in Fan Owned Club's evolution from a single club model supported primarily by Fan Owners to a multi-club model driven by recurring revenue.
This collaboration spans various commercial and marketing aspects, including the launch of the +Fan platform.
CRFC, with their willingness to "test and learn," aligns perfectly with our growth strategy and serves as an advocate for our continued expansion.
Carrick Rangers F.C. emerged as an ideal partner due to sustained profitability, growth potential and marketability to a U.S. audience.
The alignment between new majority owner Michael Smith, Chairman Peter Clarke and the Board's vision of long-term sustainability through investments in infrastructure, players, and community engagement set CRFC apart.
This partnership emphasizes sustainable growth over instant glory, making it a perfect fit for both parties.
Not yet. Fan Owned Club's agreement with CRFC includes assisting in a future crowdfunding campaign, with a small equity stake as compensation.
While FOC investors benefit from the partnership, they will not be direct owners in CRFC until a successful capital raise occurs.
The capital raise is expected to launch in Q2, 2024.
The exact details are still to be defined, but 100% of the net proceeds will be invested directly into CRFC's infrastructure, contributing to its professionalism and excellence in all aspects on-and-off-the-pitch.
+Fan launches in January, providing an inside view of CRFC.
No, however subscribers will have first access to any future raise and those on the "Pathway to Ownership" plan will enjoy a 20% discount to offset the +Fan subscription cost.
No. While periodic partnership updates focused on the business relationship will be provided by FOC, the insider access, input and exclusive content will only be available to +Fan subscribers. There will be additional benefits for those subscribe and those who purchase equity.
While most league matches are available internationally, via SkySports, BBC and OneFootball, streaming and replays of matches not covered will not be available at launch.
+Fan will offer exclusive video content, including press conferences, interviews and Q&A sessions, providing subscribers with behind-the-scenes access.
Expect unique features due to our special relationship with FC Pinzgau Saalfelden.
Details and timing regarding +Fan and other initiatives generating recurring revenue for FCPS are yet to be finalized.
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