A Football Club tries Participatory Budgeting?

In the UK, a mass of football fans has banded together to pool their
money, buy a football club, and democratically decide on all major club
spending and decisions.

From a BBC report:

"Fans’ community website MyFootballClub has agreed a deal to take over
Blue Square Premier outfit Ebbsfleet United. The 20,000 MyFootballClub
members have each paid £35 to provide a £700,000 takeover pot and they
will all own an equal share in the club. Members will have a vote on
transfers as well as player selection and all major decisions."

See the MyFootballClub website for more info, or to join the club
yourself!
Any volunteers to research this and report on its progress?

This reminds me of a like-minded website – PledgeBank, which lets people pledge to contribute a
certain amount of money (or anything else) to some purpose, but only if
a certain number of other people do the same. If enough other people
sign on, the pledge becomes reality. An interesting model for bottom-up
decision-making…