VA Revolution has purchased Evergreen Sportsplex

[Anonymous]

Anonymous wrote:A new county run facility with 10 soccer fields is opening in spring 2022, right down the road from Evergreen.

https://www.loudoun.gov/2652/Hal-Berni-Hanson-Regional-Park

Holy crap. This looks awesome! I live a few miles from there and had no idea this was even in the works. I hope my kids Barca teams move here.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A new county run facility with 10 soccer fields is opening in spring 2022, right down the road from Evergreen.

https://www.loudoun.gov/2652/Hal-Berni-Hanson-Regional-Park

Holy crap. This looks awesome! I live a few miles from there and had no idea this was even in the works. I hope my kids Barca teams move here.

Barca is for-profit (Sporting Global), so I wouldn’t count on them getting field space there.

[Anonymous]

Anonymous wrote:Evergreen is a nice facility, and the investors purchased land which in NoVa will only go up in value. Interest rates are stupid low. So the cash out is electric and utility bills, maintenance crew, facility maintenance and property taxes. Cash in are field rental fees, restaurant vendor fees, sponsors (billboards), parking fees for church overflow paid by church. Not a bad investment. Cash flow break even while the property appreciates and your club gets to use nice fields.

Lol break even. The previous owners would like a word.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If FCV and Barca are hurt by this, then I wonder if Loudoun Soccer helped finance the purchase.

This. Takes out Loudoun's main competitors.

Right, I’m sure these other clubs with hundreds of paying parents will just close up shop because the fields come under new owners. No way they could negotiate to use a couple of the fields. There are other fields you know. Money solves these problems

Just hundreds? These clubs are that small?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Evergreen is a nice facility, and the investors purchased land which in NoVa will only go up in value. Interest rates are stupid low. So the cash out is electric and utility bills, maintenance crew, facility maintenance and property taxes. Cash in are field rental fees, restaurant vendor fees, sponsors (billboards), parking fees for church overflow paid by church. Not a bad investment. Cash flow break even while the property appreciates and your club gets to use nice fields.

Lol break even. The previous owners would like a word.

Do tell since you seem to have the financial details. Maybe the prior owners were simply ready to cash out on the property and move on. But, please inform us with facts.

[Anonymous]

We attended the event last night with DD and it felt like an investor pitch with moonbounces. Ugh.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Evergreen is a nice facility, and the investors purchased land which in NoVa will only go up in value. Interest rates are stupid low. So the cash out is electric and utility bills, maintenance crew, facility maintenance and property taxes. Cash in are field rental fees, restaurant vendor fees, sponsors (billboards), parking fees for church overflow paid by church. Not a bad investment. Cash flow break even while the property appreciates and your club gets to use nice fields.

Lol break even. The previous owners would like a word.

Do tell since you seem to have the financial details. Maybe the prior owners were simply ready to cash out on the property and move on. But, please inform us with facts.

If you haven't seen Evergreen's financials you haven't been around very long. They've been trying to offload the property for years. Multiple lenders we work with valued it between $4M-$5M. They were asking more than double that. Kudos to them for finally finding a buyer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If FCV and Barca are hurt by this, then I wonder if Loudoun Soccer helped finance the purchase.

This. Takes out Loudoun's main competitors.

Right, I’m sure these other clubs with hundreds of paying parents will just close up shop because the fields come under new owners. No way they could negotiate to use a couple of the fields. There are other fields you know. Money solves these problems

Just hundreds? These clubs are that small?

Yes, Barca and FCV are small clubs. Certainly small compared to Loudoun Soccer. I’m always amazed at the outsize attention they seem to attract on this board given their relative size. I have had kids play in all of these clubs at different times. Barca has around 30 odd teams, maybe 500 players. FCV has even less, only girls, I’d guess around 300 players. Loudoun has something like 10,000 players between rec and travel.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Evergreen is a nice facility, and the investors purchased land which in NoVa will only go up in value. Interest rates are stupid low. So the cash out is electric and utility bills, maintenance crew, facility maintenance and property taxes. Cash in are field rental fees, restaurant vendor fees, sponsors (billboards), parking fees for church overflow paid by church. Not a bad investment. Cash flow break even while the property appreciates and your club gets to use nice fields.

Lol break even. The previous owners would like a word.

Do tell since you seem to have the financial details. Maybe the prior owners were simply ready to cash out on the property and move on. But, please inform us with facts.

If you haven't seen Evergreen's financials you haven't been around very long. They've been trying to offload the property for years. Multiple lenders we work with valued it between $4M-$5M. They were asking more than double that. Kudos to them for finally finding a buyer.

Why would I have access to or look at their financials? Weird comment. Anyhow, what was the sales price? Do you know? I am actually curious. Lots of acreage. I'd think easily worth more than that to a residential developer. Each of the homes in the next door neighborhood is work over $1M each. I suppose the church there is a problem however. In other words, try the soccer thing for a few years, if it doesn't work out, sell the lot to someone looking to build more homes. Not sure what the zoning is but its smack dab in the middle of residential areas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:A new county run facility with 10 soccer fields is opening in spring 2022, right down the road from Evergreen.

https://www.loudoun.gov/2652/Hal-Berni-Hanson-Regional-Park

Holy crap. This looks awesome! I live a few miles from there and had no idea this was even in the works. I hope my kids Barca teams move here.

It will be interesting to see how this affects Evergreen. It doesn't look like VA Rev is big enough to use Evergreen at full capacity. I would guess that they won't be able to charge what they were charging previously.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If FCV and Barca are hurt by this, then I wonder if Loudoun Soccer helped finance the purchase.

This. Takes out Loudoun's main competitors.

Right, I’m sure these other clubs with hundreds of paying parents will just close up shop because the fields come under new owners. No way they could negotiate to use a couple of the fields. There are other fields you know. Money solves these problems

Just hundreds? These clubs are that small?

Yes, Barca and FCV are small clubs. Certainly small compared to Loudoun Soccer. I’m always amazed at the outsize attention they seem to attract on this board given their relative size. I have had kids play in all of these clubs at different times. Barca has around 30 odd teams, maybe 500 players. FCV has even less, only girls, I’d guess around 300 players. Loudoun has something like 10,000 players between rec and travel.

Loudoun Soccer can and has used their fields. Also, lacrosse, field hockey, football, etc. Its not just used for soccer. It is not limited to Barca and FCV. Could be a cool outdoor concert venue too (like Segra could be), political rallies, camps, outdoor movie nights, adult sport leagues, etc. but there appears to be no imagination by these owners. Loudoun is one of the richest counties in the country, with lots of bored families and people looking to spend their disposable income. Anyhow ... I'd hope these new investors don't limit use to VAR soccer. What a waste that would be. And ... if it all fails to turn enough cash flow, then sell it toi a developer.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If FCV and Barca are hurt by this, then I wonder if Loudoun Soccer helped finance the purchase.

This. Takes out Loudoun's main competitors.

Right, I’m sure these other clubs with hundreds of paying parents will just close up shop because the fields come under new owners. No way they could negotiate to use a couple of the fields. There are other fields you know. Money solves these problems

Just hundreds? These clubs are that small?

Yes, Barca and FCV are small clubs. Certainly small compared to Loudoun Soccer. I’m always amazed at the outsize attention they seem to attract on this board given their relative size. I have had kids play in all of these clubs at different times. Barca has around 30 odd teams, maybe 500 players. FCV has even less, only girls, I’d guess around 300 players. Loudoun has something like 10,000 players between rec and travel.

Loudoun Soccer can and has used their fields. Also, lacrosse, field hockey, football, etc. Its not just used for soccer. It is not limited to Barca and FCV. Could be a cool outdoor concert venue too (like Segra could be), political rallies, camps, outdoor movie nights, adult sport leagues, etc. but there appears to be no imagination by these owners. Loudoun is one of the richest counties in the country, with lots of bored families and people looking to spend their disposable income. Anyhow ... I'd hope these new investors don't limit use to VAR soccer. What a waste that would be. And ... if it all fails to turn enough cash flow, then sell it toi a developer.

They can do all of those things AND kick out a competing soccer club.

[Anonymous]

New website: https://varevolutionsportsplex.com/

[Anonymous]

Anonymous wrote:Think they’ll fix the gravel parking lot and have a second way out?

more lights in parking area would be nice too

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:If FCV and Barca are hurt by this, then I wonder if Loudoun Soccer helped finance the purchase.

This. Takes out Loudoun's main competitors.

Right, I’m sure these other clubs with hundreds of paying parents will just close up shop because the fields come under new owners. No way they could negotiate to use a couple of the fields. There are other fields you know. Money solves these problems

Just hundreds? These clubs are that small?

Yes, Barca and FCV are small clubs. Certainly small compared to Loudoun Soccer. I’m always amazed at the outsize attention they seem to attract on this board given their relative size. I have had kids play in all of these clubs at different times. Barca has around 30 odd teams, maybe 500 players. FCV has even less, only girls, I’d guess around 300 players. Loudoun has something like 10,000 players between rec and travel.

Loudoun Soccer can and has used their fields. Also, lacrosse, field hockey, football, etc. Its not just used for soccer. It is not limited to Barca and FCV. Could be a cool outdoor concert venue too (like Segra could be), political rallies, camps, outdoor movie nights, adult sport leagues, etc. but there appears to be no imagination by these owners. Loudoun is one of the richest counties in the country, with lots of bored families and people looking to spend their disposable income. Anyhow ... I'd hope these new investors don't limit use to VAR soccer. What a waste that would be. And ... if it all fails to turn enough cash flow, then sell it toi a developer.

Loudoun is one of the richest counties in the country, why does the county not build a huge sportsplex and rent out field space ?