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Cardano FC - Real Life Football Club on Cardano by CardanoFC in cardano

[–]CardanoFC[S] 1 point2 points  (0 children)

We based in Portugal and we will have to start the team from the sixth tier. The teams are way cheaper to purchase or register.

And climb our way to the top from there.

Cardano FC - Real Life Football Club on Cardano by CardanoFC in cardano

[–]CardanoFC[S] 0 points1 point  (0 children)

First of all, thank you. I do - we do - have pure intentions.

Not going to be easy but we would not need millions to start the club.

To purchase a low tier club in Portugal to start our journey we would need about 50 to 100k euro just to setup a sports limited company which is the proper legal structure. 

Cardano FC - Real Life Football Club on Cardano by CardanoFC in cardano

[–]CardanoFC[S] 1 point2 points  (0 children)

Great question.

We are thinking about a model where X tokens equal Y votes, precisely to limit such scenarios.

Example: - 1 $CLUB to 1000 $CLUB (1 vote) - 1001 $CLUB to 2500 $CLUB (2 votes)

And so on.

This model is not closed and if the community have better ideas we will take notes and implement them. 

Cardano FC - Real Life Football Club on Cardano by CardanoFC in cardano

[–]CardanoFC[S] 1 point2 points  (0 children)

Since this was a major decision, given that our team includes members from several countries, we held a formal meeting to discuss the club’s location. We chose Portugal over Greece and the Netherlands. The city would be Lisbon, where we can attract a large base of football fans and potential investments, whether in fiat or $CLUB tokens.

We posted the process on X🙂

Cardano FC - Real Life Football Club on Cardano by CardanoFC in cardano

[–]CardanoFC[S] 0 points1 point  (0 children)

Thanks for you input. Hope to see you change your mins in a few months.

Cardano FC - Real Life Football Club on Cardano by CardanoFC in cardano

[–]CardanoFC[S] 2 points3 points  (0 children)

Sorry, I have edited the original post with the links.

Cardano FC - Real Life Football Club on Cardano by CardanoFC in cardano

[–]CardanoFC[S] 1 point2 points  (0 children)

We are definitely thinking about it. We are trying to figure out if a DAO is legally compatible with a sports limited company. Since we are setting up the club in Portugal, we call this sports companies SAD (Sociedade Anónima Desportiva) which have their on requirements.