OWNFAC (Own a Football Club) is poised to take over Hednesford Town. For £49 members decide on all boardroom matters, from signings, selecting the squad and hirings and firings.
It is a model that has been tried before with MyFootballClub's takeover of Ebbsfleet United in 2008. At its peak MyFC attracted more than 30,000 members from 100 countries. Then interest waned, the £35 subscriptions evaporated and by 2013 membership had dropped to about a thousand. Ebbsfleet was subsequently taken over from Kuwait.
OWNFAC claim that was is different now is that the technology has greatly improved. However, so far they have raised about £170,000, less than Hednesford's annual losses in some years. They think that the 3,500 owners could be expanded to 20-25,000 and that 10,000 of them could come to five games a year. That sounds optimistic to me.
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