Website MyFootballClub has achieved its target of recruiting 50,000 fans – only three months after launching its bid to take over a football club.
Four clubs have already approached the website, which will now collect £35 from each member towards a £1.4m takeover fund to buy a club.
Members will have the right to vote on all major decisions affecting the club.
From BBC Sport
I am a little wary of management by committee, but it is a great idea otherwise. How many members would i need to buy Real Madrid, I wonder?