Forming a partnership in a sports club
Q: My friend has started a grassroots football club with 3 of his other friends. They all put different amount of shares in to start the club. Some 50 pound some 100. At the end of the year they will be splitting the profits with fixed shares for each person depending on the time and effort they put in the club. He's asking, is this profit allowed or is it classed as riba?