Similar to how the Green Bay Packers have survived in the National Football League, the Chattanooga Football Club is binding itself to the city that has built the soccer organization from the ground up.
From their motivation to remain in the Scenic City for the next “90 years,” CFC owners decided to allow the public to buy stock in the team.
On Thursday, front of a packed crowd at the Camp House, CFC announced 8,000 shares of the club were made available for supporters to buy and become “true owners.”
According to CFC, it is the first soccer club in the country to offer public shares. One share costs $125, and the maximum investment is $10,000.
By 8:30 p.m. Thursday, the club already had raised $122,750 from 347 investors.