It's impossible for anyone to believe anything on here but here are the facts.
1) Liverpool has enough money to last until November
2) Rory and Sean intend to fold the club and reopen as a "for profit"
3) Some of the directors have been informed of the intent
Now, for the legal part.
One cannot simply close a 501c3 and reopen. All assets belong to club and must be liquidated. Veos, balls, corner flags, etc...all must be sold off and new equipment purchased.
This is shady and I'm sure this thread will be bumped down to try and hide the facts.
1) Liverpool has enough money to last until November
2) Rory and Sean intend to fold the club and reopen as a "for profit"
3) Some of the directors have been informed of the intent
Now, for the legal part.
One cannot simply close a 501c3 and reopen. All assets belong to club and must be liquidated. Veos, balls, corner flags, etc...all must be sold off and new equipment purchased.
This is shady and I'm sure this thread will be bumped down to try and hide the facts.
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