St. Pauli supporters successfully participated in a fan cooperative, raising over $29.1 million to secure a majority stake in their stadium. The initiative attracted over 21,000 participants during its five-month period, allowing fans to buy shares at $917 each. Notable figures, including Bayern Munich's Uli Hoeness, joined as stakeholders. The club aims to use this financial boost to reduce its liabilities and secure Bundesliga survival. The cooperative's board will finalize the details and present results to members in May, with a first general meeting set for June.
St. Pauli supporters raised over $29.1 million to acquire a majority stake in their stadium through a successful fan cooperative, marking a historic achievement.
The fundraising initiative saw more than 21,000 participants and reflects a strong community effort and commitment towards the club's financial stability.
Commercial director Wilken Engelbracht emphasized that the cooperative will enable FC St. Pauli to significantly reduce financial liabilities and open new opportunities for the club.
Club president Oke Göttlich praised the successes of the subscription phase and expressed a desire to maintain momentum toward achieving Bundesliga survival.
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