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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So in retrospect the rumors of FCV taking over Spirit have some validity but it was really a third party that was floating the balloon.

St. James was trying to get soccer moving in their facility and were generating zero interest on their own. So their choices then were to partner with a existing club or buy one. You can’t really buy a non-profit and the St James does not want to partner because they could only profit via concessions and halo memberships. This leaves buying a club as the only options and the only real clubs that they could buy were Barca, FCV and Spirit VA.

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Wrong.  FCV was never going to take over Spirit.  That comes from Christian himself.   It actually turns out that the rumors of FCV being taken over BY Spirit we’re closer to the mark, given the financial difficulties FCV was gaming. [/quote]

We’re = were and gaming = having.  Stupid phone. [/quote]

No, my point wasn’t that FCV was ever looking to buy anything. They were obviously sellers. But, the third party, IE St James may have been exploring both clubs either jointly or individually. Spirit was/is not in a position to buy anything and have demonstrated that they are not interested in youth soccer. What would be more likely to believe in a Spirit purchase of FCV was likely a purchase via proxy for the St James. Spirit may have felt they could flip the sale for a quick profit. In the end, they likely just lost a bidding war to the St James.

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Flipping a company with negative cash flow makes no sense.  Spirit DA with its bloated rosters, costs, and dual duty coaches was in a better financial position than FCV.   If St James is interested in making money, and we know they are, Spirit would have been the primary target.   The simplest explanation is that FCC was looking for a buyer and the St James guys saw enough value for the low price to make it work.  And don’t believe for a second that a large part of the value isn’t to get the affluent parents inside the building at some point soon...[/quote]

And FCV was not in debt before the sale?[/quote]

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