As soon as this Island thing really starts, and by that I mean, a system is setup and donations start rolling in, this is going to get a lot of media coverage. I can see why this could interest Ryan, plus the bottom line is that we'd all be investing in land which is likely to increase in value.
I'd put in just to be part of history and to be able to say that I own a part of an Island. Plus it'd be nice to come out and party a few times
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Thread: LOL Misc, lets buy this island
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03-11-2008, 08:08 PM #1201
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03-11-2008, 08:09 PM #1202
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03-11-2008, 08:10 PM #1203
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03-11-2008, 08:11 PM #1204Read my Journey to becoming CEO 10k/ day
http://forum.bodybuilding.com/showthread.php?t=128741431
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03-11-2008, 08:11 PM #1205
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03-11-2008, 08:13 PM #1206
- Join Date: Oct 2003
- Location: Fremont, Ohio, United States
- Age: 41
- Posts: 5,696
- Rep Power: 4820
this is from myfootballclub.co.......its some of thier Q & A section.....i just put in what i thought was relevant to us....maybe we can take some of thier ideas....
Why $35?
To make it affordable for as many people as possible. It's less than most Premiership tickets, and also less than a new football manager computer game.
What if the club goes into debt - will I be liable or have to pay anything?
No you won't. The club will be a limited company. So if the club incurs debt which cannot be met from the club's own resources, MyFootballClub members would not be liable for that debt.
In fact, the MyFootballClub model makes it less likely for the club to encounter financial difficulty as it provides a brand new income stream for the club. This would be on top of all the traditional sources of revenue, such as gate receipts, sponsorship, TV income and merchandising. It's also hoped that these sources of income would increase because of the club's increased popularity.
Can I buy more than one share?
No. It's strictly one share, one vote per member.
What if I don't want to be a member of MyFootballClub in the second year?
Membership fees are annual. If you do not want to continue being a member, there's no obligation to renew.
53,000 were invited to become members. Is this the limit?
No. The principle of any Trust, including the MyFootballClub Trust, is not to limit numbers, and to raise as much money as possible for the 'cause'. Being able to surpass 53,000 will enable the members' football club to become even more competitive.
How will the management of the club be structured?
The intention is that the club management will include existing employees and Directors of the club. Above all, management will possess the experience necessary to run the football club, and should be prepared to act in accordance with the instructions of MyFootballClub members.
Who will be on the Board of the club?
New Directors will be appointed, whose role will include ensuring that decisions taken by MyFootballClub members are implemented on a day-to-day basis. A member of the MyFootballClub web team will also be on the Board, as good communication between the website and the club will be crucial to MyFootballClub's success.
What happens if there is money left over after purchasing a club
The members will decide how to spend it. It could, for example, be used for buying new players. Once the club is purchased, membership fees from new members will be divided into various funds, eg Player Transfers, Stadium, Youth Policy and Community. It will be up to the members to decide what percentage of the money each fund receives.
What if members make the club successful, will they be rewarded?
All profits generated by the football club will be reinvested in the club, meaning members will not be paid a dividend or a share of these profits. This will put the football club on a more secure financial footing, since there will be no shareholders who take money out of the club.
This also means decisions affecting the club will be made purely for the club's benefit, and not by shareholders who have a vested interest. So for example, if there's a great young player at the club who could be sold for a high fee, the decision about whether to sell him will be made by members, not by an owner who wants to make a personal profit.
Can MyFootballClub members sell the club then if they want to?
Yes. It will require a 75% majority to pass such a motion. However, as the club will not be run for members' profit, any proceeds from the sale will not be shared by MyFootballClub Members. This is therefore unlikely to happen in practice. If, however, a vote is passed to sell the club, then proceeds would be given to a charity with similar objects.
THE WEBSITE
Will you just be the web-interface between members and the Head Coach?
After the takeover, the primary role of the MyFootballClub web team is to provide a website that enables MyFootballClub members to steer the course of the club. This will include smooth communications between members and all key club staff.
Who is behind MyFootballClub?
Will Brooks had the idea in February 2005. In the mid 1990s Will set up a fanzine for London football clubs. He then worked as a writer on Match of the Day magazine for 5 years. More recently he has worked as an advertising copywriter. Many others have helped launch MyFootballClub, providing legal, technical and football advice.
PICKING THE TEAM
What if someone intentionally makes bad decisions to affect the club?
Firstly, we think it's unlikely someone would pay ?35 to do this, but if they do, we should thank them for providing money to buy players and improve the club. And secondly, a ?crazy? vote will not be the deciding vote with tens of thousands voting.
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03-11-2008, 08:15 PM #1207
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03-11-2008, 08:17 PM #1208
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03-11-2008, 08:19 PM #1209
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03-11-2008, 08:26 PM #1210
- Join Date: Jul 2004
- Location: Minneapolis, MN
- Age: 46
- Posts: 4,964
- Rep Power: 3925
We'd have to have a very large fee, or a ton more members. At 35$ it would take us 14,285 dontations just to buy the island. (Ryans 100k would be used for taxes, fees, startup costs) Then you factor in all the costs associated with building and maintaining even a small facility would require that every year.
I don't think we could get 14k donations, but I think we can get hundreds easily.5 years of working out and 50 more to go.
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03-11-2008, 08:29 PM #1211
- Join Date: Oct 2003
- Location: Fremont, Ohio, United States
- Age: 41
- Posts: 5,696
- Rep Power: 4820
in sales they say play the numbers.....
lets say we set a goal to get a $1,000,000.00 Island (including all costs)
We get a 1,000 forum members to go in on it for $100 each
$1,000,000
-$100,000 from Ryan
-$100,000 from Forum Members
=$800,000 left over....
If each forum member got, just 8 people(friends, family, co-workers) to donate we would have it.....and for those that cant get 8, im sure there is some that can get like 20....so it should even out.....i honestly believe we could get alot more than just a 1,000 members from these forums, especially if everything was thought out and organized and we had ryan leading the way....
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03-11-2008, 08:30 PM #1212
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03-11-2008, 08:38 PM #1213
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03-11-2008, 08:40 PM #1214
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03-11-2008, 08:41 PM #1215
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03-11-2008, 08:41 PM #1216
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03-11-2008, 08:43 PM #1217
People are only going to throw down $100 or whatever the case may be if they can actually go to the island, and if not that, then make money off of it "somehow".
Why would someone pay fees and never go to it, just the fact to say you own part of an island, no matter how little that part actually may be?P28 Foods
www.P28Foods.com
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03-11-2008, 08:44 PM #1218
just work for 10-12 hours, aint really all that bad.
i was thinking and i'am 90% sure that if this fails it well be from the inside. Everyone needs to chill out and stop diving in head first. We have a board of directors, and they have proven to be good. Now just let them discuss, and let us VOTE on the things to be voted on. We need to stop flaming or this epicness well get no where. Right now the matter at hand is deciding what island. Then how to get it, and then what we well do. And remember never underestimate the miscRead my Journey to becoming CEO 10k/ day
http://forum.bodybuilding.com/showthread.php?t=128741431
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03-11-2008, 08:45 PM #1219
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03-11-2008, 08:45 PM #1220
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03-11-2008, 08:48 PM #1221
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03-11-2008, 08:49 PM #1222
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03-11-2008, 08:53 PM #1223
Ok, what would someone in Arizona gain from pitching in $100 for an island off Rhode Island?? There are numerous islands people can go to for free, what is the benefit of basically wasting 100 dollars. If you have a board of 8 members who decide when to sell it or if to keep it, the 100 dollar donor is **** out of luck in a losing investment.
*~=Gator Nation=~*
If I was in a room and someone yelled "Hey Bitches!" I would never turn around because I just don't fit the description.
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03-11-2008, 08:54 PM #1224
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03-11-2008, 08:54 PM #1225
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03-11-2008, 08:55 PM #1226
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03-11-2008, 08:56 PM #1227
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03-11-2008, 08:57 PM #1228
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03-11-2008, 08:57 PM #1229
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03-11-2008, 08:57 PM #1230
Has any ladies signed up for this yet
"The road to salvation is through Christ"
Luke 1:74
to rescue us from the hand of our enemies, and to enable us to serve him without fear
^Love is the power of the righteousness life that overcomes the fear that leads to sin, and the life in which God is pleased.
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