SFCFC PRO SOCCER JOINT OPERATING AGREEMENT:

Ownership:

51% & 49% ownership split between SF City Membership and the Investor Group respectively. This ensures that a majority of the club’s profits will always be reinvested back into the San Francisco community. Click here to learn more about our Members organization.

Board Composition:

Three member Board of Directors; one representative from the Membership Board of Directors, one representative from the Investor Group and one representative from the club staff.

Stakeholder Alignment:

We’ve put in place several checks and balances to align and protect the interests of all stakeholders. Two of the most important include:

  • Unanimous consent of the Board required for the following:
  • Season ticket/membership prices
  • Significant changes to member benefits
  • Significant changes to Club crest
  • Composition of the Club Board
  • Adding additional investors
  • Changes in primary league competition
  • Changes in home stadium
  • Primary kit sponsor

Founding investor group:

Adding a minority investor group creates a unique marriage of highly successful entrepreneurial and business experience with the passion, dedication, and loyalty of the SF City membership. This exciting stakeholder partnership is singularly aligned to develop SF City into a professional Club that represents San Francisco at the highest levels of American Soccer while remaining democratically accountable to its members.

The founding investor group includes:

Alex Bard

CEO at Campaign Monitor; previously EVP a Salesforce, CEO & Co-founder at Desk.com; active angel investor and advisor including Gusto, Peer, Moon Express and Classy.

Mitch Lowe

Active angel investor and advisor; previously Co-founder & COO at Redbox, Co-founder & VP Business Development at Netflix.

Gary Benitt

General Partner at Social Leverage; previously Co-Founder & COO at Desk.com; active angel investor including Gusto, Classy, Stitch Labs and TruMaker.

Scot Chisholm

CEO & Co-founder at Classy; active angel investor & advisor including Change.org, inDinero, Reaction and Casetext; previously Board Director at Team Rubicon, Senior Consultant at Booz Allen Hamilton.

Andy Jones

A 15-year veteran in the financial services industry.

Ethan Kurzweil

Partner at Bessemer Venture Partners; Investor in Twitch, Periscope, Intercom, Twilio, PagerDuty, npm, Sendgrid and Piazza. Previously at Linden Lab and Dow Jones (investing personally).

Andrew Housser

Andrew is the Co-founder and Co-CEO of Freedom Financial Network and sister company Bills.com. He is a past winner of the Ernst & Young Entrepreneur of the Year Award for Northern California, and is a graduate of Stanford Business School and Dartmouth College. Andrew sits on the board of directors of several startup companies as well as two independent school boards.

András Petery

András is a mobile tech media executive and investor who led mobile partnerships at Yahoo and founded Enable Venture Partners. He is a former player on the Dartmouth College soccer team and captain/executive officer of the Harvard Business School Soccer Club. András was elected to the SF City Member’s Board in 2016 and is an active strategic advisor to the Club.

The Executive Board of Directors will now include

  • Jacques Pelham, President of SF City FC
  • Baxter Denney, representative from the Membership Group
  • Scot Chisholm, representative from the Founding Investor Group

BOD Meeting Minutes

Stakeholders

San Francisco City FC Members Organization (Nonprofit) 51%

Operations/Investor Partners 49%

San Francisco City Footbal Club

Member Board of Directors

  • Baxter Denney
  • Brendan Browne
  • Casey Proud
  • Daniel Ross
  • Joachim Steinberg
  • Julia West
  • Mike Gonos