Originally posted by Unregistered
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OCYS Consolidated Thread
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Originally posted by Unregistered View PostIf that is the extent of your response, you've only confirmed the depth of your understanding and intelligence. Thanks for the attempt, but you are summarily sent to the shallow end of the IQ pool. Again, thanks for playing, but please don't reproduce again. The world will thank you.
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Originally posted by Unregistered View PostSuch a clever Laddy. Did you giggle a little with pride when you reread your post? Does it finally make you feel adequate?
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Originally posted by Unregistered View PostSuch a clever Laddy. Did you giggle a little with pride when you reread your post? Does it finally make you feel adequate?
I bet... no, i guarantee that no one in your family has a left foot. Guaranteed.
Night night!
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Originally posted by Unregistered View Post1500 kids x 100 is $150,000. Simple accounts payable. You may want to take a class in accounting. Also GB was paid an outrageous monthly fee even after he left CGK. Nobody Ftom CFK was fired. HM was paid his entire contact. Many coaches were asked to stay. A. S. S. H. Ole
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Originally posted by Unregistered View PostYour "simple accounts payable" explanation doesn't work. You are saying it is OK that CFK would have had to take 11% of the next year's registration fees to pay for the prior year's expenses. The problem with your explanation is that the parents who are paying next year's registration fees expect you to provide services the next year, and you will incur expenses in order to provide those services. For three years in a row, CFK spent 7%-8% more than they received in revenues, which led to the $107k negative net asset balance. So you are correct that they could probably take 11% of the 2012-2013 registration fees to pay off payables from the prior season. However, unless they change course, the next year they would have had to take 19% of the next year's registration fees. This year, they would have had to take 27% of the 2014-2015 fees to pay for last year's expenses. That isn't a simple accounts payable problem.
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FKK isn't going anywhere. Period. All this talk is just nonsense. I don't know how long this FKK/OCYS feud is going to go on for, but FKK is going to be around for a long long time so maybe the feud continues forever as well. Hope not because it is petty, but whatever.
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Originally posted by Unregistered View PostRight on point. I see the same trend at FKK. They are constantly the first club to announce registration for the next season, camp and College ID program. It is the hamster wheel of paying yesterday's debts with tomorrow's revenue. If you can't square both sides of the balance sheet, you will never be able to sustain the business....unless you find a rich Englishman to pay your debt and let you start again from scratch. Phil knew this and when he saw HM spending more than was coming in, he cut his ties to the ability to spend money and eventually fired him.
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Our status went from "no" to "yes" for being accepted in this tournament in our gotsoccer account since yesterday... Sounds like they are getting pretty close.
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Originally posted by Unregistered View PostRight on point. I see the same trend at FKK. They are constantly the first club to announce registration for the next season, camp and College ID program. It is the hamster wheel of paying yesterday's debts with tomorrow's revenue. If you can't square both sides of the balance sheet, you will never be able to sustain the business....unless you find a rich Englishman to pay your debt and let you start again from scratch. Phil knew this and when he saw HM spending more than was coming in, he cut his ties to the ability to spend money and eventually fired him.
Keep 'em coming!
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