Reply to FCV parents - has anyone heard anything?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]FCV is owned by the St James, so it won’t fold. It’s a brand. They’ll be able to market it and its past success regardless of what league or platform it has access to. Families may also be foolish enough to fall for it.

Their previous success was heavily influenced by exclusivity: first in ECNL, then in DA. That exclusivity has eroded over the last few years. Not only does it no longer exists for them, they’re on the outside looking in.

It’ll be up to families to decide whether their program can still deliver the results (college recruiting, NTC invites, etc). I suspect there will be diminishing returns in that department, but it’ll be gradual, not immediate.[/quote]

St. James is VC backed and must be bleeding cash badly by being shut down right now.  They may go under soon.  And if they do, so does FCV.[/quote]

Another fact-free statement.[/quote]

Uh, how is it fact free?  Two partners (local) built and financed it.  It’s 450,000 square feet that depends on rate of use and play to keep revenue going to pay the notes.  It is not a global corporate entity like Golds Gym.  They also had been extending to Chicago for a second location.  With only gym memberships coming in and no leasing of the facility for almost 2 months (17% of their revenue stream - or more) and no restaurant revenue etc., how long can they go before they choose to shed assets like FCV or have to file for bankruptcy?  You may be fact free in that brain of yours.  Math....

https://pitchbook.com/profiles/company/225756-01[/quote]

It’s VC backed out of the UK. [/quote]

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