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Oakland Roots and Soul Sports Club

Oakland First, Always

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Security Type
Common Stock
Categories
Financial Services, Retail, Community & Lifestyle, Entertainment
Min Investment
$100
Location
Oakland, CA
Expected Close Date
April 29, 2024
Target Raise
$51.48K-$4.99M
No. Investors
4
Security Price
$10,296
Number of Employees
36
Cash
$777,596
Revenue
$3,775,068
Short Term Debt
$1,281,952
Cost of Goods
$492,247
Long Term Debt
$9,396,800
Net Income
$-9,946,863

Key Deal Facts

Oakland Roots & Soul Sports Club is the last, best hope for professional sports in Oakland. First purpose driven pro soccer team in Oakland, CA. "Coolest soccer team in the USA" (FourFourTwo Magazine) blending purpose, design, music, and sport. Our teams win. Roots have reached playoffs every year. In Soul's debut season they reached playoffs. Our game days mix Oakland culture, quality soccer, live music, local food, and passionate fans. Diverse ownership group includes NFL legend Marshawn Lynch, global rap star G-Eazy and many others. We're in USL, North America's biggest soccer league. Our games air on ESPN+, KTVU+, and TeleXitos. Becoming an investor means you own equity and get to participate in our collective success.

Management Team / Advisory Board Bios

Lindsay Barenz PresidentOne of the first female Presidents in the USL Championship, an entrepreneur, LGBTQ+ advocate, campaign manager, union organizer and lawyer who worked with the Obama Administration., Edreece Arghandiwal Cofounder and Chief Marketing OfficerFirst-generation Afghan-American born in Oakland, raised in the Bay Area. Creative entrepreneur who blends big ideas with social purpose who studied at UC Davis and earned his MBA from Babson College., Mike Geddes Cofounder and Chief Purpose OfficerThe first Chief Purpose Officer in American pro sports, former BBC journalist with 20+ years in pro soccer as a reporter, non-profit executive, founder and CEO in Europe, Africa, and the Americas., Jordan Ferrell Technical DirectorJordan is from Stockton, CA and played his college soccer in the East Bay. He has coached at the youth, college, and pro levels. As Technical Director, Jordan is responsible for building our youth development programs with purpose at the heart., Steven Aldrich ChairFormer Chief Product Officer at GoDaddy, board member for multiple public and private companies, entrepreneur and small business champion, and part-time goalkeeper with a MBA from Stanford and BA from the University of North Carolina.

Amount Raised : $2,903,994
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Security Description

Common stock is a security that represents ownership in a corporation.

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