Get in on the Action: SailGP Offers Fans the Chance to Own a Stake in New Team

SailGP is offering a unique opportunity for fans to own a stake in a new team that could compete in the league's fourth season, starting in June 2023. With an investment of $31,500, fans can help create a new fan-owned team based in Bermuda and the Caribbean. The team will be run as a decentralized autonomous organization (DAO) on the NEAR Protocol, which means fans will have a say in how the team is run, from selecting its name and colors to choosing its athletes and sponsors.

SailGP CEO Russell Coutts believes that the fan-owned team is "the ultimate implementation of a loyalty program" and that it will redefine the fan experience and team ownership model. If successful, the team could pave the way for other fan-owned teams in SailGP and other sports leagues.

Investing in the fan-owned team provides fans with a unique opportunity to be involved in the ownership and running of a sports team. They will have a say in decision-making, exclusive access to events, and meet-and-greets with athletes. However, investing in the team does come with risks, including the possibility of losing money, the team being disbanded, or sold to another owner.

Overall, the fan-owned team is an innovative and exciting opportunity for fans to get involved in SailGP. Those interested in investing should carefully consider the risks and rewards before making a decision.