UK based MyFootballClub is leveraging social networking to purchase a professional English soccer team. The site launched in April and has attracted 53,000 members and raised more than £1.375 million ($2.73 million) in member subscriptions. They are apparently in negotiations with four prospective acquisition targets. Not sure what the going rate is for a football (soccer) club is these days, but $2.73 Million sounds like a pretty darn good down payment!According to this TechCrunch posting, members are to have “an equal say in team selection, player transfers and the running of the club.”

UK based MyFootballClub is leveraging social networking to purchase a professional English soccer team. The site launched in April and has attracted 53,000 members and raised more than £1.375 million ($2.73 million) in member subscriptions. They are apparently in negotiations with four prospective acquisition targets. Not sure what the going rate is for a football (soccer) club is these [...]