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...