Watchmen Posted January 17, 2021 Share Posted January 17, 2021 17 hours ago, Dominic94 said: It’s ranging from 75k to 150k, probably scales up per year. Not sure where else can get a stadium sponsor but it’s great for the league and Pacific, Valour lost like 300k in year one, I’m assuming PAC was in that range also, so this would put a nice dent in those loses. They will need more but gotta start somewhere. Pacific had a much lower average attendance than Valour. I would expect their losses to be more. Link to comment Share on other sites More sharing options...
Aird25 Posted January 17, 2021 Share Posted January 17, 2021 9 minutes ago, Watchmen said: I'm pretty sure Langford built the stadium and paid for it's expansion, unless Pacific built another stadium I'm unaware of. True. I guess I mean overall investment in the project. While not officially part of the club, the municipality has been incredibly supportive. I don't know what happens if Stu doesn't get re-elected at any point before the team really gets a foothold in the community. Link to comment Share on other sites More sharing options...
Watchmen Posted January 17, 2021 Share Posted January 17, 2021 1 hour ago, Aird25 said: True. I guess I mean overall investment in the project. While not officially part of the club, the municipality has been incredibly supportive. I don't know what happens if Stu doesn't get re-elected at any point before the team really gets a foothold in the community. I would say that building a stadium is enough help from the municipality. At a certain point, it's on the investors to step up and deal with any problems. Link to comment Share on other sites More sharing options...
Aird25 Posted January 17, 2021 Share Posted January 17, 2021 8 minutes ago, Watchmen said: I would say that building a stadium is enough help from the municipality. At a certain point, it's on the investors to step up and deal with any problems. I don’t disagree, but we’re a still a ways from a finished stadium. The production quality is pretty bad and the in game experience could also use improvement. I love what’s been accomplished so far but further investment is still needed. From the city, club, or other investors Link to comment Share on other sites More sharing options...
Watchmen Posted January 17, 2021 Share Posted January 17, 2021 15 minutes ago, Aird25 said: I don’t disagree, but we’re a still a ways from a finished stadium. The production quality is pretty bad and the in game experience could also use improvement. I love what’s been accomplished so far but further investment is still needed. From the city, club, or other investors Sure, but my understanding is that there's already a contractual agreement in place to expand the stadium if certain attendance figures are reached. The in game experience (the off the pitch stuff) would be the clubs responsibility. At a certain point, it's just on the investors and the community to step up. NVsoccer 1 Link to comment Share on other sites More sharing options...
youllneverwalkalone Posted January 18, 2021 Share Posted January 18, 2021 Pacific is not well capitalized and I'd worry about them much more than Valour if not for Langford and the mayor. Link to comment Share on other sites More sharing options...
An Observer Posted January 18, 2021 Share Posted January 18, 2021 tbh, with the wash out 2020 was in year 2 of this league and the fact that 2021 may not be much better, I will be very satisfied if by the end of the year none of the 8 sides have folded. Expansion would not really be the top of my priority list at present. Keeping the current 8 alive would be. Club Linesman 1 Link to comment Share on other sites More sharing options...
Aird25 Posted January 18, 2021 Share Posted January 18, 2021 11 hours ago, An Observer said: tbh, with the wash out 2020 was in year 2 of this league and the fact that 2021 may not be much better, I will be very satisfied if by the end of the year none of the 8 sides have folded. Expansion would not really be the top of my priority list at present. Keeping the current 8 alive would be. Expansion could help the other teams survive though. 10 teams is more interesting than 8, and it may mean less travel for some games. Getting into Quebec and the Lower Mainland would be huge. But yes, the pandemic couldn't have come at a more difficult time for the new league, and survival is key. Ivan 1 Link to comment Share on other sites More sharing options...
Dominic94 Posted January 18, 2021 Share Posted January 18, 2021 12 hours ago, An Observer said: tbh, with the wash out 2020 was in year 2 of this league and the fact that 2021 may not be much better, I will be very satisfied if by the end of the year none of the 8 sides have folded. Expansion would not really be the top of my priority list at present. Keeping the current 8 alive would be. I don’t think anyone is folding these guys expected to lose money and big amounts for years. The requirement for ownership was to be able to withstand big loses for years. Bbeto 1 Link to comment Share on other sites More sharing options...
youllneverwalkalone Posted January 18, 2021 Share Posted January 18, 2021 I don't know for sure, but I think CSB has found the right formula for sustainability. They have serious partners, and don't seem desperate to add new ones unless they bring something significant. I think the Pacific group, beyond the name recognition in Friend and Simpson, are definitely in the have-not camp -likely relying on CSB to survive. I suspect the delay in expansion is to find more groups like you see in Calgary, Hamilton, York, and possibly Ottawa, and fewer like Pacific, FCE and HFX. Not really sure where Valour fits into all of it. Probably, somewhere in the middle. I'm sure if the Roughriders were interested, they would get a club. nolando and Trois Reds 2 Link to comment Share on other sites More sharing options...
Ozzie_the_parrot Posted January 18, 2021 Share Posted January 18, 2021 The money behind Pacific FC is Dean Shillington: https://biv.com/article/2018/08/canadian-premier-league-owners-ready-launch He was reported to be keen on having a relatively low salary cap, but that doesn't necessarily mean that he is short of money. The investment subsequently made in an indoor training facility suggests he probably isn't. There was nothing obvious in the Valour accounts that the Blue Bombers have to release as a community owned operation that suggested CSB is significantly revenue positive for CanPL teams at this point. ted 1 Link to comment Share on other sites More sharing options...
youllneverwalkalone Posted January 18, 2021 Share Posted January 18, 2021 https://d3ham790trbkqy.cloudfront.net/wp-content/uploads/sites/6/2020/05/2019WinnipegBlueBombers_AnnualReport_Web_FINAL.pdf You cannot reach that conclusion as there is no asset for CSB set-up and no mention anywhere in the financial statements. You need to find Valour FC Inc.'s statements to comment. And you'll have to trust me on PFC. Unnamed Trialist and nolando 2 Link to comment Share on other sites More sharing options...
Dominic94 Posted January 18, 2021 Share Posted January 18, 2021 1 hour ago, youllneverwalkalone said: I don't know for sure, but I think CSB has found the right formula for sustainability. They have serious partners, and don't seem desperate to add new ones unless they bring something significant. I think the Pacific group, beyond the name recognition in Friend and Simpson, are definitely in the have-not camp -likely relying on CSB to survive. I suspect the delay in expansion is to find more groups like you see in Calgary, Hamilton, York, and possibly Ottawa, and fewer like Pacific, FCE and HFX. Not really sure where Valour fits into all of it. Probably, somewhere in the middle. I'm sure if the Roughriders were interested, they would get a club. HFX is backed by Bob Young. It’s run by Martin though. Athletico’s owners are with like 5 billion combined. Not sure about FCE but Dean Shillionton’s company is worth something like 2 Billion, he can’t be poor either. again, if these guys are losing 500k a year, it’s really not much if you’re worth 300 million, and with other owners involved, it’s split. It’s peanuts to them. Link to comment Share on other sites More sharing options...
Ansem Posted January 18, 2021 Share Posted January 18, 2021 We should stop equating fiscal conservatism with owners being borderline broke. ted, Dominic94 and Aird25 2 1 Link to comment Share on other sites More sharing options...
Aird25 Posted January 18, 2021 Share Posted January 18, 2021 (edited) 1 hour ago, Ansem said: We should stop equating fiscal conservatism with owners being borderline broke. Particularly when talking about a guy that made his money managing debt and helping once struggling companies. Edited January 18, 2021 by Aird25 Ansem 1 Link to comment Share on other sites More sharing options...
Watchmen Posted January 19, 2021 Share Posted January 19, 2021 We should stop equating "this guy is worth X" with also having the available cash/liquidity to sustain losses. I'm not saying any team is in trouble. At the same time, there's a difference between being prepared to sustain the expected losses of a new league/team and the losses they're enduring with no fans or income in the middle of a pandemic. So, who knows. An Observer 1 Link to comment Share on other sites More sharing options...
Ozzie_the_parrot Posted January 19, 2021 Share Posted January 19, 2021 (edited) 14 hours ago, youllneverwalkalone said: https://d3ham790trbkqy.cloudfront.net/wp-content/uploads/sites/6/2020/05/2019WinnipegBlueBombers_AnnualReport_Web_FINAL.pdf You cannot reach that conclusion as there is no asset for CSB set-up and no mention anywhere in the financial statements... That last bit is kind of the point. Owning a share of CSB could reasonably be described as an asset, but the growth in total assets value on the balance sheet from 2018 to 2019 is only ca. $150k in the year when the Mediapro deal was signed. It's also not that difficult to come up with credible scenarios where most of the $2.7m in revenues for the Valour would be ticket sales and the ca. $512k ancillary home game revenues mentioned in the accounts rather than from CSB related revenue streams based on what has been stated publicly about ticket prices and season ticket sales. They don't appear to have papered the house for their home opener like the Forge did, for example, and had over 10k out for that one. Edited January 19, 2021 by Ozzie_the_parrot Trois Reds 1 Link to comment Share on other sites More sharing options...
Aird25 Posted February 2, 2021 Share Posted February 2, 2021 I love that we're focused on continuity, and I think we have a strong squad, but it sure does make for a long, quiet offseason. Link to comment Share on other sites More sharing options...
shorty Posted February 2, 2021 Share Posted February 2, 2021 Agreed. And damn you for making me think there was news... Aird25, longlugan and MtlMario 3 Link to comment Share on other sites More sharing options...
Shortdutchcanuck Posted February 14, 2021 Share Posted February 14, 2021 Love this guy. ted and Unnamed Trialist 1 1 Link to comment Share on other sites More sharing options...
SthMelbRed Posted February 14, 2021 Share Posted February 14, 2021 59 minutes ago, Shortdutchcanuck said: Love this guy. He grew up in Norway, no? The Scandinavians love their sauna-to-ice water routine. Link to comment Share on other sites More sharing options...
Bison44 Posted February 14, 2021 Share Posted February 14, 2021 Come here to the praires, -42 last night, warmed up today though, only -40 tonight. And thats real temps, no baloney wind chill shit. I feel for you guys, maybe -2 with 4-5 inches of snow?? And it'll all melt by monday?? MtlMario 1 Link to comment Share on other sites More sharing options...
toontownman Posted February 14, 2021 Share Posted February 14, 2021 Discovered this today too. Looks like a new web series. Shame Kah's reception and mic isn't great at the start at least. ted 1 Link to comment Share on other sites More sharing options...
Aird25 Posted February 24, 2021 Share Posted February 24, 2021 3 present and 2 former Pacific players called to the Olympic camp https://www.timescolonist.com/sports/three-pacific-fc-players-named-to-provisional-canadian-olympic-team-roster-1.24286172 ted and narduch 2 Link to comment Share on other sites More sharing options...
Aird25 Posted February 25, 2021 Share Posted February 25, 2021 Pacific sign Matteo Polisi who looks to be a goal-scoring midfielder. We've needed creativity in the middle of the park so hopefully he works out https://canpl.ca/article/pacific-fc-adds-midfielder-matteo-polisi-for-2021-cpl-season?ref=https%3A//t.co/ NVsoccer 1 Link to comment Share on other sites More sharing options...
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