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Detroit City FC closes in on $1.2 million goal for partial sale of team

After just a few days, Detroit City FC has nearly reached its crowdfunding limit of $1.2 million through a 10% sale of the team.

DCFC, a limited liability company with a half-dozen local owners, is selling “units” in the organization — an LLC can’t issue stock — for as little as $125. As of Tuesday afternoon, more than 2,000 investors had purchased units worth $1,070,000 at WeFunder.com.

Investors are rewarded with perks such as scarves for a $250 pledge to an owners’ suite at Keyworth Stadium for the $50,000 maximum. 

DCFC owners launched the crowdfunding effort to help the organization recover losses caused by the COVID-19 pandemic.

More: Niyo: Detroit City FC offers piece of ownership to its supporters

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