Re: Clubs in Financial Trouble?

by Capocannoniere 14/05/14, 01:57 pm

Rush filed a notice of termination with the Secretary of State last week for their registered Texas corporation. Also ,their Director of Administration refuses to provide any information about their current board members or registered agent(s), so that's a pretty good sign that the club is on its last leg...

by Lakedad 14/05/14, 02:00 pm

I don't think the number of teams you see is an indicator of success. Income - Expenses = Profit/Loss. If a club budgeted based on an expected income level and that isn't meeting expectations for any number of reasons, you're P&L statement is going to look bad.

by TatonkaBurger 14/05/14, 02:06 pm

Capocannoniere wrote:Rush filed a notice of termination with the Secretary of State last week for their registered Texas corporation. Also ,their Director of Administration refuses to provide any information about their current board members or registered agent(s), so that's a pretty good sign that the club is on its last leg...

That's right. The teams and coaches continue to scatter.

by Gunner9 14/05/14, 02:23 pm

Capocannoniere wrote:Rush filed a notice of termination with the Secretary of State last week for their registered Texas corporation. Also ,their Director of Administration refuses to provide any information about their current board members or registered agent(s), so that's a pretty good sign that the club is on its last leg...

About this time last year, their stated goals of 600 players by Fall and a first-class complex built within a year did seem a bit ambitious.

by oldboot 14/05/14, 03:01 pm

$occerF@n wrote:I don't know anything about sting or their financial standing. ..but these reasons you all are using to justify (probably to yourselves) that they are doing great do not mean that they cannot be in trouble....Lefty hit the nail on the head...They could be expanding rapidly to make up for some shortcomings. ..There are plenty of parents here in NTX willing to cough up the money so they can say their Lil Susie plays for Sting...What happens to that money once it gets into the organization will then determine how financially stable the brand is...

You really should visit the Sting offices - they have boxes of money stacked everywhere.

by Lakedad 14/05/14, 03:06 pm

So, that why Brent was lighting his cigar with an old 20 dollar bill last time I was there.

by tpitty 14/05/14, 03:08 pm

Lakedad wrote:So, that why Brent was lighting his cigar with an old 20 dollar bill last time I was there.

First sign of failure right there!! Twisted Evil

by oldboot 14/05/14, 03:10 pm

Lakedad wrote:So, that why Brent was lighting his cigar with an old 20 dollar bill last time I was there.

The new Sting jerseys for 2014-15:

Clubs in Financial Trouble? - Page 2 100_dollar_bill_mon_womens_all_over_print_tshirt

by Lakedad 14/05/14, 03:19 pm

oldboot wrote:
Lakedad wrote:So, that why Brent was lighting his cigar with an old 20 dollar bill last time I was there.

The new Sting jerseys for 2014-15:

And for the first time parents get someone worth the $1,000 they spend on Uni's.

by Zizou 14/05/14, 05:13 pm

Lakedad wrote:
oldboot wrote:
Lakedad wrote:So, that why Brent was lighting his cigar with an old 20 dollar bill last time I was there.

The new Sting jerseys for 2014-15:

And for the first time parents get someone worth the $1,000 they spend on Uni's.

Lol,

by RightWingDad 14/05/14, 08:13 pm

oldboot wrote:
Lakedad wrote:So, that why Brent was lighting his cigar with an old 20 dollar bill last time I was there.

The new Sting jerseys for 2014-15:

How cool is that? Since the ref's never see it the kiddos could get rich grabbing jerseys. The only thing better might be an all Sting league. R$CL - Richardson Sting Classic League. RIP LHGCL!

by Triumph FC 14/05/14, 09:03 pm

Gunner9 wrote:
Capocannoniere wrote:Rush filed a notice of termination with the Secretary of State last week for their registered Texas corporation. Also ,their Director of Administration refuses to provide any information about their current board members or registered agent(s), so that's a pretty good sign that the club is on its last leg...

About this time last year, their stated goals of 600 players by Fall and a first-class complex built within a year did seem a bit ambitious.

Well when they started to show plans of fields and they were our old practice fields I knew then It was a hoax, Owner does not want to sell to a sports facility so how was Rush going to build them!

by RightWingDad 14/05/14, 09:45 pm

Triumph FC wrote:
Gunner9 wrote:
Capocannoniere wrote:Rush filed a notice of termination with the Secretary of State last week for their registered Texas corporation. Also ,their Director of Administration refuses to provide any information about their current board members or registered agent(s), so that's a pretty good sign that the club is on its last leg...

About this time last year, their stated goals of 600 players by Fall and a first-class complex built within a year did seem a bit ambitious.

Well when they started to show plans of fields and they were our old practice fields I knew then It was a hoax, Owner does not want to sell to a sports facility so how was Rush going to build them!

So Triumph, who's fields are they? I assume you are talking about the fields at business 121 and Valley Ridge, right?

by Triumph FC 14/05/14, 09:50 pm

No they are our new fields and will be built out to utilize all 15 acres. We take control of the building which will become the clubhouse in October, It will have a big screen and projector so teams can watch game footage. Work is in progress now and will be completed for June 2015
Our OLD fields were NE corner of 121 and 35 and that is where the plans were for the Rush Complex

by 60vertices 29/05/14, 11:00 pm

I just assumed that all clubs are always in trouble.

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