FC St. Pauli Launches Unique Cooperative Model with Over 10,000 Members
In a groundbreaking move for German professional football, FC St. Pauli has established the ‘Football Cooperative Sankt Pauli 2024 eG,’ attracting over 10,000 members within its first week. Fans can purchase shares at 850 euros each, with a collective goal of raising 30 million euros. The cooperative model aims to promote member influence while maintaining independence from external investors. Anticipated funds will help repay debts and finance stadium modernization and youth development. Members will vote on potential profit distributions, marking a significant shift in governance within professional football.