a DAO owned pro sports club; what could go wrong?

a case study thread 🧵

the conclusion will surprise you

@krausehouse became the world's 1st DAO to buy a pro sports team, the 
Ball Hogs

luckily the ownership group was open minded to bringing a native DAO into the ownership group

they built a novel structure of NFTs to facilitate the deal

every league (best thought of as a collection of owners that appoint an exec to operate) & owner think about ownership differently

the phrase we've heard from the NBA to EPL to MLP is the same: "one throat to choke"

the owners collective want to be able to hold a single individual accountable to make changes to protect the collective

not widely known, but the EPL allows for up to 10% of the club to be owned by just about any structure the majority owner would like

but owners have a cautious relationship w/ their fans, their tolerated when the club wins & vilified when they're losing

most fans want them to dump capital to win, but each owner has different "1b" goals with the club