Monday News Round-Up: Kick Off Your Week World-Cup Style

If you’ve been living on this planet during the past few weeks, you’ve probably noticed that many of your friends and co-workers have suddenly turned into life-long football (i.e. soccer) fans. Whether or not you’ve caught the bug, we’ve found a pair of crowdfunding stories that will help keep you up to date in anticipation of Thursday’s big USA match.

The Favela Experiencefavelaexperience

As hotel prices skyrocketed in cities throughout Brazil in the lead-up to the World Cup, entrepreneur Elliot Rosenberg had an idea: have tourists pay to stay in the favela neighborhoods of Rio de Janeiro, giving them access to an authentic Brazilian experience in close proximity to World-Cup events, while providing a source of income for local residents.

The Favela Experience has since raised over $30,000 through a crowdfunding campaign, with a donation of $250 or more earning a donor a five-night stay in Rio during the World Cup, well below the market value of a hotel. Once the final match has been played, much of that money will stay in Rio and go towards local community development.

Crowdfunding a Professional Football Club

Meanwhile, back in Europe, professional football club SD Eibar hasĀ turned to crowdfunding to raise money for a roster overhaul and to meet the minimum capital requirements for La Liga — the top division in the Spanish professional league. Eibar — which plays home games in a tiny stadium in the Basque region — moved up to the top division after a spate of historically high finishes at a lower level.

With the 1.7M euros that they hope to raise when their campaign goes live in August (shares start at 50 euros), Eibar will be able to boost their budget by nearly 50 percent. They still wouldn’t be able to afford the expensive talent that larger clubs can, but the extra money will help the club in its bid to defend its spot in La Liga in 2015.

This entry was posted in Current Events in Crowdfunding, News. Bookmark the permalink.

Leave a Reply