ARU are looking to something similiar with western force
an Australian first, Western Australians will have the opportunity to own part of a sporting team.
RugbyWA today announced that they would be implementing an innovative new ownership model to secure the future of the Western Force Super Rugby team.
The decision comes in direct response to mounting speculation that the Australian Rugby Union is planning to cut one of the five Australian Super Rugby franchise teams at the end of the 2017 season due to financial pressure.
From today, Western Australians can register their interest in being part of Australian sporting history by purchasing ownership of the Western Force at
www.owntheforce.com.au
The new ownership model will be based on the sale of 5,000 ownership certificates at a value of $1,000 each, payable over a period of twelve months. Unlike stocks or shares, the certificates would not be transferrable except to family members. Owners would be entitled to a range of benefits including:
- Voting rights to an advisory committee and the new Western Force board of management,
- Approval of the reappointment of key positions within the Western Force organisation,
- Input into match day and team activities and specific owner’s functions, and
- A range of discounts on both Western Force membership purchases and Rugby WA player registration fees.
https://www.westernforce.com.au/art...-first-model-western-australians-save-western