NORCAL PPP LOANS

[Anon9]

Any word on whether it spread to other team members?

From what I understand, the measures hve been extreme to prevent a spread, even before the positive case. Definitely nobody else has come down with it.

 

[Copa9]

Identify the club that is not struggling. Please identify the clubs that haven’t suffered a catastrophic loss in revenue. Why is a soccer club less deserving of a PPP loan than a bar or liquor store? Why should soccer coaches be forced into unemployment but not bartenders? Payroll advance loan sharks? Used car salespeople? Lawyers?

Are softball parents as self-loathing about the sport they let their child play?

So far all the big clubs in So.Cal are doing just fine financially. They collected almost all of their fees through last year. New fees for this upcoming year are just starting to be collected. They have saved money by not participating in tournaments, and if they paid in advance will most likely get some refund. The only place they might loose money is if their own tournament is cancelled. Certainly a lot of club coaches train privately and may have lost revenue from that. The local clubs have huge assets, with the exception of one small club, check out a previous post someone did a few months ago. The PPP these clubs applied for range from $350,000 to $1,000,000. If and when these clubs face laying off their office employees or coaches, then they should apply for PPP. But hey, screw the small business owners who have put their life savings into opening a small business and have very little assets.

 

[EOTL]

So far all the big clubs in So.Cal are doing just fine financially. They collected almost all of their fees through last year. New fees for this upcoming year are just starting to be collected. They have saved money by not participating in tournaments, and if they paid in advance will most likely get some refund. The only place they might loose money is if their own tournament is cancelled. Certainly a lot of club coaches train privately and may have lost revenue from that. The local clubs have huge assets, with the exception of one small club, check out a previous post someone did a few months ago. The PPP these clubs applied for range from $350,000 to $1,000,000. If and when these clubs face laying off their office employees or coaches, then they should apply for PPP. But hey, screw the small business owners who have put their life savings into opening a small business and have very little assets.

So far all the small non-soccer businesses in SoCal are doing fine. See, if someone just says something on the Internet, it must be true.

No clubs are “doing fine” without PPP money. Their employees who benefit from these PPP loans aren’t “doing fine” without that money either. If you believe otherwise, feel free to pick out a club and compare their revenue and profit YTD compared to prior year. Compare their wage costs YTD compared to last year. I triple dog dare you.

Why do you hate youth soccer clubs so much? Why are they less deserving than any other industry?

 

[Remi]

Went through the PPP list and pulled all the Norcal clubs and companies I could find who received PPP.

$350,000-1 million - 24-7 UK SOCCER ACADEMY
$350,000-1 million - COPA SOCCER TRAINING CENTERS LLC
$350,000-1 million - DE ANZA FORCE SOCCER CLUB ,INC
$350,000-1 million - MUSTANG SOCCER LEAGUE
$350,000-1 million - SOCCER PRO
$150,000-350,000 - ALBANY-BERKELEY SOCCER CLUB
$150,000-350,000 - BURLINGAME SOCCER CLUB
$150,000-350,000 - DAVIS YOUTH SOCCER LEAGUE
$150,000-350,000 - EAST BAY UNITED SOCCER CLUB
$150,000-350,000 - LIVERMORE YOUTH SOCCER LEAGUE
$150,000-350,000 - LOS GATOS UNITED SOCCER LEAGUE
$150,000-350,000 - MILL VALLEY SOCCER CLUB, INC.
$150,000-350,000 - NORCAL PREMIER SOCCER
$150,000-350,000 - OAKLAND PRO SOCCER LLC
$150,000-350,000 - PALO ALTO SOCCER CLUB INC
$150,000-350,000 - SF VIKINGS SOCCER CLUB JUNIORS
$150,000-350,000 - SACRAMENTO UNITED SOCCER CLUB
$150,000-350,000 - SAN RAMON SOCCER CLUB, INC.
$150,000-350,000 - THE MARIN FOOTBALL CLUB
$150,000-350,000 - WALNUT CREEKS SOCCER CLUB

wow - and all of them have EMPLOYEES who are paid at this rate, not IC? Shocking

 

[dk_b]

wow - and all of them have EMPLOYEES who are paid at this rate, not IC? Shocking

Any clubs still considering/paying coaches as independent contractors are doing so at their peril under the current state of CA law. All it takes is one wage/hour lawsuit and the club can come crumbling down (the cost of defense and then the loss (and the club is likely to lose))