If you’re racked with concern over big-time bands becoming overly corporate, with few ambitions other than making money, don’t fret. Progressive metal veterans Queensrÿche are here to alleviate your worries by announcing their new equity ownership scheme.

As Billboard reports, Queensrÿche, best known for their acclaimed 1988 concept album, Operation: Mindcrime, are giving fans a chance to share in the profits the band generates through the sale of merchandise, as well as record sales.

For the very reasonable minimum investment of just $50,000 — a paltry sum for any Queensrÿche fanatic — fans who pass an independent accreditation process can purchase an equity ownership stake from a private consolidated holding company that entitles them to “a fixed percentage” of future band revenue.

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“This is an opportunity for fans to actually own an equity stake in the band,” says attorney Marc LoPresti of LoPresti Law Group, who helped Queensrÿche establish the LLC. “There is nothing that they do as a unit as Queensryche that the fans that invest will not be a part of.”

According to LoPresti, the band is “only raising a certain amount of money”, with investments capped at a total of $2 million. LoPresti says there have been “indications of interest” from potential investors and “we are hoping that we will engage more people instead of less, because for the guys, it’s about the music and it’s about the fans”.

An internal board of directors comprised of drummer Scott Rockenfield, bassist Eddie Jackson, guitarist Michael Wilton, and band counsel Thomas Osinski will oversee the new corporation. They are currently seeking an independent auditor to join the board and LoPresti is expecting one will be named soon.

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According to Rockenfield, the money generated from investments in the Queensrÿche corporation will give the group “the flexibility to do a lot of things”. He says the band have “a lot of big-picture stuff going on” that they hope to do, including “touring and being able to present ourselves in bigger ways”.

According to Billboard, a prospectus will be available to potential investors to help them decide whether they wish to put their money into the metal outfit. But before you get your accountant on the phone, make sure you’re handing your cash over to the right Queensrÿche.

For those unfamiliar with the band’s recent turmoil, a split in 2012 resulted in two bands named Queensrÿche, one led by former frontman Geoff Tate and one fronted by singer Todd La Torre, the latter being the incarnation that’s hoping to make Gordon Gekkos out of their fans.

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