Quote:
Originally Posted by MichiganRed
What is the point of making an investment when you know going into it there is no chance of profit? Making a donation to a beloved institution is one thing but giving money away to a party "to be named later" while assuming responsiblity for further obligation is nothing short of absurd and wasteful.
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It's not a financial investment, per se. It's essentially a membership fee each year that helps support the club's expansion. The whole point behind MyFC is not to make a profit for the owners, but to help a club reach its potential. And no one is locked in. If after a year, you think it's a waste of time and money, you walk away. Many of the members, however, signed up for one year, then after spending some time on the boards, have already extended their memberships for a second or third year.
And no one is assuming any future obligation. The trust is a limited liability society. The individual members are only liable to "lose" the 35 pounds they've invested.