notintheface
GOLD
So California hit half a million infections yesterday, and we're on track for a million infections by mid September, and the entire state being infected by February. Yes I understand that Rt will change over time-- but those are the numbers we see today.
We're down 2 million jobs year over year and unemployment is up 400% year over year, in California alone. To say that things are bleak is the understatement of the year. There are many, many knock-on effects that are coming-- for example, commercial real estate is about to have a 500 megaton bomb dropped on it as more and more tenants go out of business. Once the foreclosure moratorium is over, home prices for everywhere that doesn't have an ocean view will plummet.
All of this is to say-- there is (or was) an entire industry based around youth soccer in Southern California. Many many clubs, non-profit or no, were based on the simple equation of getting parents to pay more overall per team than the coaches were getting paid. Many clubs were also bringing in profitable tournaments, again based on the simple equation of getting other teams (and parents) to pay extremely high entry fees to get competition and the shot at a $45 trophy and medal package.
These clubs may have barely squeaked by with their collected 2020 fees, but there is a gigantic iceberg ahead. Estimates are that club revenue from 2021 player fees may drop as much as 80% overall as parents simply will not have the disposable income to drop a couple grand for club fees, then hotel costs, gas, parking, and so on. There are many clubs in Southern California that don't have a rainy day fund, much less a rainy year fund. Any money coming in from associations with MLS/EPL/etc will be drying up as those clubs need to rein in their own spending because of their lack of revenue. Club revenue associated with sponsorships is going to dry up as those companies cut any costs that aren't absolutely required for their core business. Clubs that keep lower costs based on benefactors covering yearly salaries etc, that money will be drying up as well.
Have you spoken to your club's treasurer lately? Are they prepared for the huge drop in revenue that's coming their way? What is your club doing to handle that gigantic freight train bearing down on them?
We're down 2 million jobs year over year and unemployment is up 400% year over year, in California alone. To say that things are bleak is the understatement of the year. There are many, many knock-on effects that are coming-- for example, commercial real estate is about to have a 500 megaton bomb dropped on it as more and more tenants go out of business. Once the foreclosure moratorium is over, home prices for everywhere that doesn't have an ocean view will plummet.
All of this is to say-- there is (or was) an entire industry based around youth soccer in Southern California. Many many clubs, non-profit or no, were based on the simple equation of getting parents to pay more overall per team than the coaches were getting paid. Many clubs were also bringing in profitable tournaments, again based on the simple equation of getting other teams (and parents) to pay extremely high entry fees to get competition and the shot at a $45 trophy and medal package.
These clubs may have barely squeaked by with their collected 2020 fees, but there is a gigantic iceberg ahead. Estimates are that club revenue from 2021 player fees may drop as much as 80% overall as parents simply will not have the disposable income to drop a couple grand for club fees, then hotel costs, gas, parking, and so on. There are many clubs in Southern California that don't have a rainy day fund, much less a rainy year fund. Any money coming in from associations with MLS/EPL/etc will be drying up as those clubs need to rein in their own spending because of their lack of revenue. Club revenue associated with sponsorships is going to dry up as those companies cut any costs that aren't absolutely required for their core business. Clubs that keep lower costs based on benefactors covering yearly salaries etc, that money will be drying up as well.
Have you spoken to your club's treasurer lately? Are they prepared for the huge drop in revenue that's coming their way? What is your club doing to handle that gigantic freight train bearing down on them?