Reply to FCV - BRYC merger

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm not an accountant or an entrepreneur, but how does FCVSJ buy a non-profit whose non-profit status is what gets them their field space? And that non-profit has no assets to buy a for-profit entity. Not clear to me how this merger would even happen. TSJ has already paid money for FCV - they're not gonna be giving it away. And BRYC wouldn't have the wherewithal to pay FCV coaches. Their current coaching staff are all part-timers with other careers. [/quote]

Some have claimed that BRYC Elite is for-profit. Otherwise, yes it is pretty hard to purchase a non-profit. [/quote]

Not a non-profit
https://bryc.demosphere-secure.com/sample-homepage/about-us_new[/quote]

Straight from their By-Laws:

“ Section 2. The Corporation (hereinafter also referred to as the Club) is formed in order to construct, operate, and maintain in Fairfax County, Virginia, a [b]non-profit[/b], charitable corporation to encourage youth to participate in sports and recreational activities and to provide opportunities for all youth regardless of ability.”[/quote]

Would need Non Profit for access to fields? unless they own the fields they use? [/quote]

Is Mclean a non profit or a inc.?[/quote]

98% of soccer clubs are non-profit. If they are using county fields they are most likely a non-profit. [/quote]

Do VSA and PWSI both own 50% of VDA?

BRYC could set up a similar model with another non profit [/quote]

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