I’m tempted to bid on my local football membership. They are in the seventh tier of the English pyramid and I believe my funding could help them raise several cents.
I have relatively deep pockets after three long stints as a profitable entrepreneur and would love to re-introduce my local people. I used to be impressed by Ryan Reynolds’ funding at Wrexham FC.
The number of participants is quite large to reach this level of football.
I know you’re a huge fan of Burnley FC and if you’ve ever had any concerns about such a deal or been tempted? And do you have any suggestion?
Ryan Reynolds, Wrexham co-owner, celebrates his staff-friendly property’s promotion to the Football League following Vanarama’s National League win
Dave Fishwick, Money’s company doctor, answers: First and foremost, a proud football membership is a big money pit where you will often invest huge sums of money.
You might really feel good and confident because you could have done well in business and made huge money, yet you are competing with rich people.
They cover oil sheikhs and hedge fund house owners to see who is essentially paying the most money for players to win video games in every football league.
Buying a football season ticket is not an unusual investment; it might only make sense for PR functions or to improve your current company’s profile.
Otherwise, my advice might be: go on a trip, enjoy your wealth, buy real property and solid investments.
However, mentioning that, I have been responsible for the main association with two soccer golf equipment over time.
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Dave Fishwick, right, and Rory Kinnear, who plays him in Bank of Dave
Dave Fishwick, CEO of Dave’s Bank, is This is Money’s Small Business Doctor.
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There is another way you can possibly help your local membership without having to worry about the soccer membership owner right away.
A few years earlier I had been concerned with Colne Football Club; I cherish serving to become a member at the local level.
I helped out by sponsoring the stands and paying the wages of a huge star we brought in to play for the membership, Andy Payton, who had turned out for Celtic in the early 1990s.
I had quite a few enjoyable services to participate in and went to a lot of video games on Saturday afternoons with my younger youngsters.
We had pie and a can of pop and enjoyed watching video games.
I assumed it was a significantly better strategy to help the member with money, moderately, than to run everything.
And only recently I agreed to donate a minibus to the membership to help move Colne staff around; I didn’t ask for anything in return, I’m just completely happy that I was once able to help the membership after my coronary heart.
I have also been a major sponsor of Burnley Football Club for the past 20 years and have also sponsored the David Fishwick minibus stand.
I have helped the membership so much over time and it has returned the favor many times over.
I’m a proud member and only recently featured in my Netflix film The Bank of Dave, along with a cameo from Burnley’s then manager of football, Sean Dyche.
I’m good friends with the membership owner, Alan Pace, and he’s been lovely.
Dave met former Premier League footballer Andy Payton and asked him to play for Colne FC
So there’s a strategy to help your member, if you’re a proud business owner, you’re usually a big sponsor who donates and contributes and can actually help them.
You’ll meet nice, like-minded people, and sports are a good way to join your neighborhood.
With Ryan Reynolds and others and their success with Wrexham FC, there have been smaller numbers with a strong following.
But success comes at a price – they’ve pumped in hundreds of thousands to get back into League Two…
David Fishwick’s minibus stand outside Burnley FC
Unless you’re a Hollywood star fundraiser, it’s likely going to be a complicated, long haul.
Indeed, that’s the subject of a book coming out in August (sourced by Lee Boyce of This is Money) called: Nowhere to Run: The Ridiculous Life of a Semi-Pro Football Club.
These are the documents Jonathan Sayers and his father shop at Ashton United FC, a team in the seventh tier of English football.
This can give you a great idea of how difficult it is to keep employees profitable, even with one of the best intentions on the planet.
Good luck to you (and your local membership) in whatever you decide to do!