Let me guess, you rent your home? Great investment azzwhipe
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Some DA clubs do not own their own fields but the vast majority do. It makes you subject to the landlord decisions on when fields can be open or more importantly vulnerable if they decide not to renew a lease. BS has teams all over the place too, no real "home"Originally posted by Unregistered View PostComment
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Everton has access to a complex that they rent but control.Originally posted by Unregistered View Post
Beachside has access to a variety of fields that they rent but don’t control. Worse is that they are vagabonds.Comment
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Sometimes renting makes more financial sense than owning; all depends on costs, how long you'll rent vs own, state of the market etc. Only way BS can own is the outer areas of FC like Monroe. Far too costly to build closer to their base.Originally posted by Unregistered View PostComment
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My neighbor just put his house on the market for $75,000 less than what he paid three years ago.Originally posted by Unregistered View Post
That was a fair price then. He'll lose even more once closing costs and realtor fees are taken out. Bet he wishes he had rented.Comment
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There are many instances where renting is financially prudent. Very few corporations own their own office space for example. BS should have bought in 2008 when prices were much lower. If they can't get another property at the right price it might make sense for them to keep renting.Originally posted by Unregistered View PostComment
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Beachside fund raising
The issue is not whether Beachside should rent or own their fields. At the end of the day that is a club decision and it is what it is. The issue is that they’ve been raising money for years for what apparently was an owned facility....which is now not going to happen. If it does happen, the families that donated who were promised a facility for THEIR kids....will never see the built facility benefit their kids. They want/we want our money back!
And to be blunt, we want to stop having to ask for it, and want BS management to return it like professionals.
If they want to rent forever, fine. But don’t raise money for a bridge to nowhere. It’s wrong....and we’ll find out soon if it was illegal.Comment
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People rightfully get intense when they are lied to about their money. This is not going to end until either Mickey returns money or he is forced to return money.Originally posted by Unregistered View PostComment
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The sooner they return it the better. They can take their chances that if they find another spot later they will fundraise again. For now doing damage control is more important.Originally posted by Unregistered View PostComment
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And what do you do that makes you a financial guru?Originally posted by Unregistered View PostComment
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Money is likely gone so nothing is going to get returned. a few bucks at a time is not going to provided the money needed for a facility. you need a big sponsor, a suitable piece of property and a business plan. i dont think beachside ever had any of that.Originally posted by Unregistered View PostComment
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Why would the money be gone? They don’t need “donations” to operate as a club, they have for a very long time and always will operate on player fees, like any other club. It’s not like they used the donations for operational expenses. I’m sure the facility donations were earmarked (rightfully so) for the sole purpose of building said facility. The issue is likely that MK is still looking and still hopeful that his facility will come to fruition. The frustration I always hear from BS parents is that they feel misled, kept in the dark, disrespected by MK, etc. He’s definitely not for everyone, but that’s true with many club “leaders”. Bottom line - this is an anonymous site, and anyone who’s spent any time on here knows that you MUST take anything you read on here not with a grain, but rather with a chunk of salt! If you’re with BS, then demand your money back and I’m quite certain you’ll get it...if you don’t then go public (not on TS, I mean really go public). If you’re not with the club, then who really gives a rat’s ***** what is happening at BS.Originally posted by Unregistered View Post
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There are a couple of troubling issues. For the last couple years the number teams training at the same time on one field has grown to 5,6 and even 7 at times that is unacceptable. Further more it’s no accident that silent fundraising has occurred over that period and about 200k a year was surplus. By 2015 he stock piled 900k (look it up your self 990 are public information ( so yes there is money just sitting there). Now you take that silent money add to it aggressive direct fundraising “please give money so your boy has place to train and is not overcrowded at training. “Originally posted by Unregistered View Post
Own or not own is MK choice but several issues.
1) can’t ask for donations for project that fails and not give money back is ask for
2) Should not be skimming money from operations budget of a non profit for two purposes at the same time silent fundraising for field of dreams and funding expenses for Mickey Kydes soccer enterprise.
Success is choice and Mickey made his and now he has a big albatross around his neck and it’s not the one he thought he would ever have to deal with.Comment
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