.Club Domains, LLC is pleased to announce that we have completed the initial financing to ensure that we can secure the .Club gTLD. Additional contingent financing has also been secured to ensure the company wins the top level domain in an auction.
CEO, Colin Campbell adds “The company believes that we needed to secure a substantial level of financing and contingent financing to ensure that we secure the domain in an auction process. Unfortunately ICANN’s process has encouraged some speculators to apply for the gTLD with no intention of actually running the top level domain but simply negotiating with legitimate operators. We have been approached by a number of companies who are applying for .Club. We believe it is best not to negotiate with these companies or individuals but win the name through an open and fair auction process.”