So, there was this kickstarter project where there was a product that you could back for €149 - 249, they collected about a million while the requested amount was € 100.000. So far none of the backers received any product. But they are sponsoring a new pro team, they will place these pro athletes together in a house, hire a high level coach and also going to sponsor a club, etc. I was just wondering if this is allowed to use money for that you got through kickstarter but actually not having delivered any product at all.
Make no mistake, i like to see more money flowing into the sport i was just wondering to what level you can use money that is received through projects like this while you haven’t put any products to the backers at all. Aren’t there any rules or regulations for or is this just a risk to have to accept as a backer.
I mean you back a project to get a product and not to have your money be used for sponsoring athletes, housing for those athletes, etc. while you still haven’t received anything?
Jeroen
Owner at TRIPRO, The Netherlands
Make no mistake, i like to see more money flowing into the sport i was just wondering to what level you can use money that is received through projects like this while you haven’t put any products to the backers at all. Aren’t there any rules or regulations for or is this just a risk to have to accept as a backer.
I mean you back a project to get a product and not to have your money be used for sponsoring athletes, housing for those athletes, etc. while you still haven’t received anything?
Jeroen
Owner at TRIPRO, The Netherlands