So the first football club to be run by fan share holders will be Ebbsfleet United. See the announcement at MyFootballClub. Shame that the voters on the site never got one of their choices as shown on the site.

However to get £1.375m in funds and 50k people participating was a great result in its own right.

Now the real experiment will be to see just how good the Wisdom of the Crowds will be each week as they will be picking the players as if they were the manager.

As the site says there will be no manager as such - just a head coach. So how is the team picked?

"The Head Coach will brief members. This will include a review of the previous match, reports from the training ground and views on the forthcoming opposition. He will also give his thoughts on players, their form and fitness, as well as possible selections and tactics.

Members will then submit their preferred 11, formation and tactics. A database will calculate the most popular choice. This will be handed to The Head Coach to instigate."

In the future will fans vote for substitutions during the game using some sort of mobile technology from the stands? Now that would be fun - a real interactive football match? Will the site also provide a video stream from the games so fans can watch the games online?