FC St. Pauli Raising the Roof: A Historic Fundraising Victory
St. Pauli Cooperative generates over 29 million euros in profit - Saint Pauli cooperative rakes in over 29 million euros profit
Wowzers! The crowd's going wild as our beloved FC St. Pauli boldly announces an astounding achievement - they've raked in over 29 million Euros through their fan-led cooperative! The campaign, wrapped up back in March, had fans clutching their piggy banks, each contributing their share to the impressive total.
Party time at the Millerntor Stadium! With tickets now sold to 22,623 members, the Football Cooperative St. Pauli became the proud owners of a whopping 34,328 shares. Each share, worth a cool 750 Euros plus a tidy 100 Euro admin fee, puts each member in the driver's seat of the stadium's vibrant future. On average, that's 1.52 shares per die-hard supporter.
But the fun doesn't stop at the borders of Germany - fans from an incredible 44 countries have joined the party! Hamburg's hometown heroes draw the most support, unsurprisingly, as the Millerntor Stadium continues to captivate its community. Among the green-and-white army, you'll find none other than Bayern Munich's honorary president, Uli Hoeneß, clad in his St. Pauli garb!
The spectators' average age? A ripe 49.6 years, with three-quarters identifying as male. This invested group of St. Paulians made history by becoming the first German professional football club to employ a fan co-investment model on such a scale. Now, clubs from around the world can't help but toast to the campaign's success and keep a close eye on St. Pauli's every move, with even the "New York Times" reporting on the sensation!
Determined to reach their goal of 30 million Euros, the club only narrowly missed the mark with their grand total of 29,178,800 Euros. A job well done, says President Oke Göttlich, who's got even higher ambitions in mind for the season ahead, including securing a successful cooperative and avoiding relegation - two achievements that would make this year a downright historic season for St. Pauli, if achieved!
With just a couple more victories under their belt, our feisty underdogs can secure their spot in the Bundesliga for another year. Let's hope this winning streak continues and St. Pauli keeps standing tall!
Andreas Borcherding, the brains behind the cooperative, urges us not to forget the challenges faced in this "complex, critical environment" - a polarizing global climate that the campaign nonetheless conquered with flying colors. The funds raised will help alleviate stadium debt and free up resources for strategic investments - just don't expect pub grub straight out of that windfall!
So, mark your calendars: the first annual general meeting of the cooperative takes place online on June 20th – let's gather 'round the Zoom and celebrate St. Pauli's cooperative triumph!
- FC St. Pauli
- Cooperative Fundraising
- Millerntor Stadium
- Hamburg
- Bundesliga
- Germany
- The successful Cooperative Fundraising by FC St. Pauli has garnered attention even outside of Germany, with fans from 44 different countries joining the movement.
- With 34,328 shares acquired, the average fan has purchased 1.52 shares, contributing to the total of exactly 29,178,800 Euros raised.
- The Millerntor Stadium, home to FC St. Pauli, has a vibrant future driven by the Community programme, with 22,623 members owning these shares.
- Despite missing the initial 30 million Euros goal by a small margin, the Community aid will be instrumental in the development of the fisheries sector, as decided by the Community programme.
