The Pau basketball club launches shareholding 3.0

The American owner of Elan Béarnais opens the capital to individuals in the form of digital tokens. He wants to demonstrate the relevance of a new, much broader economic model.

Become a full co-owner of a sports club. This is what the American group Counterpointe Sports Group (CSG), new owner of the French basketball club Elan Béarnais Pau, is offering from April 26. After obtaining the green light from the Financial Markets Authority (AMF), he will sell in the form of tokens (digital assets) around 40% of the club’s capital.

«Cis the first time a professional sports team has allowed its fans and players to own a stake in the club»Explains Greg Heuss, PDG of Counterpointe Sports Group.

American society wants to change the model that dominates the world of sport today: only powerful tycoons or large groups can buy clubs, and minority shareholders, when there are any, are stuck with illiquid securities.
On the other hand, the only tokens offered so far to sports enthusiasts, such as those offered by the Socios application for example, are only eligible for…

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