Dothan United

Regulation Crowdfunding offering on Vincinity Capital

$252,570

of $1M goal

25.3% funded

About the offering

Dothan United (operated by Dothan Sports and Entertainment, LLC) is a pre-professional soccer club competing in USL League Two's South Central Division, based in Dothan, Alabama. The club was founded as the Dragons and made its league debut in 2024. In its second season (2025), the team posted a 10-0-2 regular-season record, won the Southern Conference Championship, and advanced to the national semifinals (Final Four out of 144 clubs), falling to eventual national champion Vermont Green FC on penalties after a scoreless 120 minutes. The club plays at Rip Hewes Stadium, a 10,000-seat venue in central Dothan. Attendance has been strong from the outset, with 5,000+ at the first home opener and 7,000+ reported at the final home match of the debut season, drawing the USL League Two Vice President to Dothan. A supporters group, the Circle City Inferno, anchors the match-day atmosphere. The club expanded to ten home matches in 2025, opened the second side of the stadium, added seating options, and is adding a VIP pavilion for 2026. Presenting sponsors include Coca-Cola, YellaWood, Mercedes-Benz of Dothan, Brightspeed, Elevate Medical, Visit Dothan, and WTVY. The club is led by Owner & President Steve Donner, a sports and entertainment executive with 30+ years of experience including a decade at the NHL's Buffalo Sabres, involvement in launching the Tampa Bay Lightning, co-founding Orlando City SC (now MLS), and winning twelve championships across three sports. Co-owner Mike Schmitz is a prominent Wiregrass business and civic leader, former two-term Mayor of Dothan (2009–2017), and owner of Mike Schmitz Automotive Group. The club's stated long-term ambition is to transition toward semi-professional or professional status within the USL system. The Dothan metro area has a population of roughly 155,000, with a broader combined statistical area of approximately 245,000, and the regional trade area extends into southwest Georgia and the Florida Panhandle. The offering is a Regulation Crowdfunding preferred equity round with a $1M raise goal, a $6M pre-money valuation, and a 10% preferred return (a distribution preference, not a guaranteed payment). Bonus unit allocations and investor perks ranging from commemorative certificates and merchandise to VIP stadium access and team experiences are available based on investment size and timing.

FAQ

How much has Dothan United raised?

Dothan United has raised $252,570 of a $1M goal.

Where is Dothan United's campaign listed?

The offering is listed on Vincinity Capital, an SEC-registered Reg CF intermediary.

What are the terms of Dothan United's raise?

Preferred Stock, $6M cap, $10.00/share.

When does Dothan United's offering close?

The stated close date is Sep 29, 2026.