My latest article has been published. It’s a news article on the buy-out of a popular athletic club by a member-led investor group.
A number of possibilities were considered by the members, including an initial plan for a fund made up of a $1,000 investment by each member. That plan, however, did not provide adequate funds for the purchase of the building and the business, Danson said. The funds gathered were returned to members and the smaller investor group subsequently formed, putting together a large enough fund to make the sale possible. Danson would not provide figures for the purchase, but the Mail Tribune reported today that the club sold for $2.28 million.