The new Fan Controlled Football League (FCFL), which will operate the first ever fan-controlled professional sports league in 2018, has announced the addition of David Drake, Founder and Chairman of LDJ Capital, to the FCFL Advisory Board. The FCFL, powered by the FAN Token, is utilizing blockchain technology to create a sports league where fans are in control; everything from calling the plays in real-time to choosing the players that make the roster. Through a proprietary app, fans will vote on all meaningful coaching- and management-facing decisions, both on and off the field.
“We are very excited to have David Drake join our FCFL Advisory Board. He is a pioneering mind in creating value for tokenized projects and utilities, which is exactly what the FCFL will do through FAN Token,” said Sohrob Farudi CEO of FCFL. “David has served as a leading voice in the burgeoning world of cryptocurrency and token-based economies for several years. He brings a level of investment experience through both hedge fund management and direct seed investment that is unparalleled in the space. We believe David will bring strategic guidance to our growth that will help the FCFL reach a global audience and serve a new kind of highly-engaged digital sports fan.”
Mr. Drake’s firm, LDJ Capital, is a multi-family office with 50+ global directors that maintain relations with institutions and family offices with $1.5 trillion assets across a myriad of industries and asset classes, including fund-of-funds, realty funds, venture capital funds, hedge funds, and direct ICO investments. He maintains a network of over 100,000 global investors through his media wing, The Soho Loft Media Group, which has produced and sponsored over 1,100+ finance conferences since 2002. His work in aiding the construction of the 2012 JOBS Act helped pave the way for the infrastructure that underlies the current and evolving economy of token sales, making him the ideal advisor for the FCFL at its current operational capacity.
The engine driving the FCFL’s fan engagement platform is the FAN Token, an ERC20-compatible Smart Token built on the Ethereum blockchain. Each fan’s token stack, along with their level of engagement, will determine the power of their vote for their team’s decisions: the more tokens a fan owns and the more tokens they have earned, the more weight their vote will carry.
“The FCFL’s FAN Token is quite an appropriate name as its utility allows users to manage league activities that are now mostly restricted to and controlled by centralized institutions in sports,” explained Mr. Drake. “FAN Token represents decentralization at its best; giving power to the fans who have a vested stake in the outcome of their favorite football team’s games. When fans use their tokens to vote and to participate in team decisions, they are exercising their right and responsibility to see that the sport is played well and equitably. The Ethereum blockchain provides the ideal backbone for all of this to be executed. The world of football will see an unprecedented level of fan engagement through the FCFL.”
The FCFL launched a pre-sale of FAN Token that concluded on December 23rd, surpassing the stated goal of $5.0 million in capital during a ten-day campaign. The pre-sale enabled investors to get bonus tokens for early support in advance of a public token sale targeted for early 2018. The pre-sale was operated through a new service provided by Indiegogo. The token pre-sale was listed as part of Indiegogo’s equity crowdfunding service, First Democracy VC – a FINRA registered funding portal that launched last year in partnership with MicroVentures – meant to comply with the SEC’s equity crowdfunding regulations that were passed as part of the 2012 JOBS Act. Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, L.L.P. is advising the FCFL in connection with the sale of FAN Token.
Tokens are the lifeblood of FCFL fan engagement, and, like a videogame, tokens can be used for a variety of transactions, including boosting voting power, unlocking behind-the-scenes content, procuring merchandise, and gaining access to exclusive events including in-stadium viewing. The FCFL will maintain a public leaderboard where fans compete to see who is the most successful owner/GM/coach, and the highest-performing fans of the championship-winning team will share in the $1,000,000+ prize purse: a truly transparent meritocracy courtesy of blockchain technology.
WELCOME TO FCFL, WHERE FANS HAVE THE POWER. For additional information, learn more about the FAN CONTROLLED FOOTBALL LEAGUE via;