International Franchise Ownership Exploration requesting 500 $KRAUSE + variable bonus of 1500 $KRAUSE (up to 3000 $KRAUSE)

TITLE: 500 $KRAUSE + variable bonus of 1500 $KRAUSE (up to 3000 $KRAUSE) for International Franchise Ownership Exploration

FUNDING: 500 $KRAUSE as base compensation to complete the work described in the “HOW THIS WILL BE DONE” ****section with variable bonus of 1500 $KRAUSE (up to 3000 $KRAUSE as evaluated by the Stewards) for completed interview video/written transcript with top official (owner/GM) for an international franchise.

WALLET: TBD

PROJECT LEADS: clivespace#8107

Project Team Members: funda#6676, Boosh#8092, murray#1455

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GOAL OF PROJECT:

Evaluate and recommend a path for Krause House to acquire ownership or controlling interest of an international professional basketball franchise.

WHY THIS MATTERS:

Krause House was founded on the principle that fan owned Decentralized Sports Organizations (DSO’s) are the next evolution for sports franchise ownership.

One path to proving this thesis is through taking controlling interest in an International pro basketball franchise outside of the USA and leveraging a Web3 centric approach in team operations and fan engagement while building a global following.

We aim to investigate the merits of owning and operating an International League professional basketball franchise as an option for proving out DSO concepts prior to approaching the NBA regarding franchise ownership.

HOW THIS WILL BE DONE:

In the next 30 days this project team plans to complete the following tasks:

• Document the current state of international basketball franchise ownership with a key focus on (not exclusive to) factors impacting franchise ownership in top tier professional basketball leagues in english speaking countries eg. Canada, Australia, UK.
  1. This will be done through interviews with league offices and franchise operators around the world. Please share contacts with these individuals if you have contacts you believe we should be including our interviews.
• Analyze professional basketball franchises (via a series of interviews) in 8 cities that may be ideal targets for KH. Providing the KH group with a summary of the economic, technological and “fan/community” related opportunities and challenges associated with franchise ownership in these markets.
• Propose next steps. Including entry points for entering into franchise ownership discussions. Recommend executive roles & skillsets that will be needed to negotiate the purchase of an international team.
  • Once established this global following will have a vested interested in seeing Krause House succeed on the ultimate goal of “Buying an NBA team”. This global following will be an important asset as we engage with the NBA league office, existing governors, and the ecosystem of operators around the NBA.

DEFINITION OF SUCCESS:

List of measurable KPIs that will determine projects success in the next 30 days

1. Identify a list of 3 potential franchises for Krause House purchase consideration
2. Provide an overview of the operational opportunities and challenges for Krause House associated with international professional basketball team ownership
3. Recommend a strategy, roles, responsibilities and skill sets necessary to succeed in the acquisition and operation of a franchise.

FUNDING DETAILS:

Requesting 500 $KRAUSE as a base compensation to complete the work described in the “Definition of Success?” section above.

In addition we are requesting the following milestone-based compensation for providing the following:

1500 $KRAUSE for completed interview video/written transcript with top official (owner/GM) for an international franchise. Maximum 3000 $KRAUSE as evaluated by the Stewards Team.

We intend to conduct as many interviews as possible. Video/written transcripts will be produced to provide context of conversations, including descriptions of challenges and opportunities related to operating a professional franchise in selected markets.

TEAM:

Why will you succeed? What is your expertise, experience, or ethos?

Our committee will deliver a comprehensive report to the Krause House members that will:

a) Provide clarity around the state of international basketball franchise ownership as it relates to Krause House’s mandate to test the Decentralized Sports Organization thesis before embarking on the NBA team ownership path

b) Report on the pros and cons of Krause House ownership of specific franchises based on interviews conducted with senior level team and basketball officials across several leagues, and

c) Provide a recommended path forward if the KH member community decides to pursue our recommendations.

Committee Leadership / Team Members:

The committee is lead by a former senior level executive, chief digital officer, at Canada’s longest operating professional basketball league, NBL Canada. In addition to his role at the NBL Canada our lead is employed by a leading Web2 digital solutions company where he works closely with c-suite executives at the NBA league office and its community of franchises, helping to drive strategies for fan engagement programs, which are now seeing the opportunity and potential disruption related to Web3, NFT’s and play to earn gaming.

2 of our committee members have played professional basketball internationally at the highest levels - at some of the top leagues in the world - where we intend to explore franchise opportunities and schedule leader interviews. Including: Canada, Australia, Italy, France, and the NBA summer league.

Both of these committee members have relationships in place with team and league executives around the world that will help to speed the time it takes to schedule and complete the interviews that will inform our report and recommendations.

The committee is made up of committed WAGBAT’s that believe the international franchise ownership path may be the perfect testing ground for Krause House’s Web3 centric form of fan ownership and fan engagement. We plan to provide a complete, informed perspective for our fellow token holders to assess and understand this opportunity before deciding on a path forward. #WAGBAT