Crowdfunding saves struggling Polish club Wisla Krakow
WARSAW • When a 112-year-old Polish football club with 13 national championship titles teetered dangerously close to bankruptcy, its fans stepped in with funding.
Wisla Krakow supporters became equity investors, saving their beloved team and boosting an emerging niche capital market in the process.
They drummed up 4 million zloty (S$1.4 million) between 9,129 investors who bought 40,000 shares in less than two days earlier this year, using the Beesfund crowdfunding platform.
The fast-track fundraising has attracted other sports teams to the platform, said Beesfund chief executive officer Arkadiusz Regiec.
The clubs are adding to Beesfund's roster of clients, which before Wisla's fan-led revival included restaurants, information technology start-ups and independent breweries typical of crowdfunding operators abroad.
Beesfund estimates it may help to raise as much as 80 million zloty this year, bolstered by demand from sports teams and in contrast to a persistent lull in initial public offerings on the Warsaw Stock Exchange.
"Crowdfunding should allow to us to escape this grim time we're experiencing in Poland's capital market," Regiec said in an e-mail.
"It's a chance for people to become shareholders in businesses they understand, without intermediaries. This seems to be attractive, even if we offer pretty high-risk investments."
BLOOMBERG
An effervescent Son Heung-min inspired title-chasing South Korea to a comfortable 2-0 victory over China on Wednesday to finish top of their Asian Cup group. Hwang Ui-jo and Kim Min-jae were on
Asian Cup Son starts as South Korea beat China to win group
Barcelona are 12 points clear at the top of La Liga. (Source: Reuters) Barcelona have one hand firmly on the La Liga title after winning 2-0 at Alaves on Tuesday, leaving them 12 points clear at the top of the table with four games to play.
Football: Barcelona on verge of La Liga title after beating
Liverpool will spend Christmas on top of the Premier League after goals from Mohamed Salah and Virgil van Dijk earned them a 2-0 win at Wolves on Friday, opening up a four-point lead over second
Liverpool seal Christmas top spot as Salah and Van Dijk sink
Gareth Bale's agent says the Wales international remains "100 per cent" committed to Real Madrid. Bale has been persistently linked with a move away from the Bernabeu this season, having hinted at
Gareth Bale '100 per cent committed' to Real Madrid and wants
Napoli 'keeper Ospina out of hospital after head injury scare. Ospina's wife Jesica Sterling said on Instagram that Ospina "was much better" at home, "waiting for the shock to completely subside".
Napoli 'keeper Ospina improving after head injury scare
Alexis Sanchez came back to haunt Arsenal as the Chilean opened the scoring in Manchester United's 3-1 FA Cup fourth-round win on Friday to maintain Ole Gunnar Solskjaer's 100 percent record as caretaker manager. United's winning run under the Norwegian is now eight games in all competitions and his decision to make five changes was […]
Sanchez haunts Arsenal as Man Utd keep perfect record
Harry Kane spoke Thursday of his pride at how his teammates dealt with being racially abused in Montenegro as he collected an award for "services to football" after leading England to the World
Kane 'proud' of England response to race jibes - 24matins.uk
Bayern Munich won the Bundesliga title for a seventh straight season after beating Eintracht Frankfurt 5-1 to finish ahead of rivals Borussia Dortmund. The Bavarians, who can secure a domestic
Bayern Munich win Bundesliga title for seventh successive
Barcelona and Liverpool face off in the semi-finals of the Champions League this week in what would be an exciting match. Both sides boast of some of the best attackers in the world in Lionel
Champions League Player Ratings: Barcelona 3-0 Liverpool
Lions hunt in their prides, or groups. They stalk their prey while low to the ground. They like to hunt at night because the animals have a harder time seeing them, but lions actually see better
Do lions hunt? - answers.com
Injured Suarez to miss China Cup for Uruguay Posted on March 18, 2019 by yasir kaneria in Football , Sports Suarez, 32, is expected to miss between 10 and 15 days after limping off late in Sunday's 4-1 win at Real Betis in La Liga.
Injured Suarez to miss China Cup for Uruguay - China.org.cn
Real must 'suffer' to win, says Solari, Football News & Top
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment