Executive Summary

The incorporation of Golazzo as a company has been formed principally by David Platt and Scott Hannah. David is a former England soccer captain who is involved in grass roots football coaching via his son, Scott the chairman of the club, also with two boys representing a team within it.

Both are involved in the administration of the club on a voluntary basis, and acutely aware of the challenges faced.

Those challenges have been increased due to the current economic climate which, despite operating in a wealthy area of the country, have seen a decline in numbers of children playing for the club. In addition, annual running costs have increased dramatically due to inflation, an extremely difficult challenge for a ‘not for profit’ organisation.

It stands to reason that the challenges faced by the founders club are replicated in practically every grass roots sports club in the UK, and beyond.

Golazzo was incorporated to align clubs with the same financial challenges to create a larger whole, with a view to reducing expenditure whilst simultaneously increasing fund-raising activities. By doing this, the increased cost of running a grass roots sports club does not have to be passed on to the parents of children who simply want to play sport.

The ‘reduction of costs’ arm of the business will focus on acquiring the same products as currently purchased at a reduced rate via volume purchasing. A by product of this will be the ability to alleviate time resource on volunteers of the individual clubs that onboard with Golazzo.

The fund-raising arm of the business centres on an intuitive pool betting game designed by David Platt which enables clubs to run their own game on a white label basis, benefitting from the revenues they produce as a club rather than as a whole.

The appropriate licences will be acquired to run the pool betting game from a central governance. Whilst the game has a gambling element attached, it’s primary purpose is that of a fund-raising vehicle for the individual clubs.

Companies that build the software for online gambling tend to be focussed on providing generic games to be commercially exploited. Golazzo requires a simple bespoke platform and will therefore obtain a remote gambling software licence to develop it’s own proprietary game and have the ability to adapt and introduce other games in the future if required.

The market is vast, with over 150,000 clubs making up the target audience, all facing similar challenges. Initial discussions with suppliers have been extremely positive, with brands keen to ‘jump on board’ with aiding Golazzo with the added incentive of maximising their own exposure due to the profile of David Platt.

Whilst funding will be provided to build and develop the business, and provide an ongoing runway of funds, both elements are expected to be immediately cash generating. With the founders not requiring salaried positions at outset, profitability is expected very early.