San Diego Flash To Take Club Public [UPDATED]

ORIGINAL POST:

SDSP Soccer Marketing, Inc. have filed paperwork with the SEC indicating an intention to take the San Diego Flash public.* If successful, the Flash would be the first American soccer club to be publicly traded. As it stands, Manchester United are also tradeable in the US as are a handful of other clubs on lesser foreign exchanges.

The club has 50 or so investors, but at this stage it is unclear exactly how what a  public offering would provide the club. Initially, I expect the club to see a nice boost in publicity and possibly have a successful public debut – but, a brief look at the long term history of other publicly traded clubs paints a much starker picture. To be fair, comparing some of these offerings to the others is apples and oranges in some ways, but I think there is enough evidence to be cautious about how the Flash would be any different over the long term.

UPDATE: 

I’m no financial analyst, but something seemed fishy about this story as I read about it. Upon researching this story a bit further, it appears that SDSP Soccer Marketing, Inc. (San Diego Flash) has not in fact filed any paperwork with the Securities and Exchange Commission (SEC).

The filing referenced in the original post is a filing made on behalf of a company called All In Blind, Inc. and run by Adri Chimberoff, (President, Secretary, Treasurer and Director). Per the filing, On 15 January,  2014, SDSP Soccer Marketing, Inc. entered an agreement with All in Blind, Inc. where in SDSP would be acquired by All in Blind in exchange for 12,000,000 shares of All in Blind. Going forward, SDSP will operate as a wholly owned subsidiary of All in Blind.

This transaction does place SDSP within what is technically a public company, albeit one that is nearly 100% owned by Adri Chimberhoff. Per All in Blind, Inc.’s S-1 filing:

 

There is no public market for our common stock. Our common stock is currently held by one shareholder. Therefore, the current and potential market for our common stock is limited and the liquidity of our shares may be severely limited. Other than pursuant to certain exemptions permitted by Rule 419, no trading in our common stock being offered will be permitted until the completion of a business combination meeting the requirements of Rule 419. To date, we have made no effort to obtain listing or quotation of our securities on a national stock exchange or association.

 

With the “acquisition” of SDSP, it would seem that shares of common stock in All in Blind will be held now by multiple shareholders. Still, extracting any value out of these holdings is nearly impossible, unless the one of the shareholders were to buy the other out.

If the stock ever becomes tradable, the trading price of our common stock could be subject to wide fluctuations in response to various events or factors, many of which are beyond our control. As a result, investors may be unable to sell their shares at or greater than the price at which they are being offered.

Feel free to wade through All in Blind’s S-1 for more information. The gist of it all can be summed up in this sentence though…

Prior to this offering, there has been no public market for All In Blind, Inc.’s common stock. The Company is a development stage company which currently has limited operations and has not generated any revenue. Therefore, any investment involves a high degree of risk.

Not only has the company not generated any revenue, their year-end 2013 “financials” show an accumulated deficit of $18,500.

Finally, the S-1 also contained this additional statement:

 

In addition to his positions with the Company, Mrs. Chimberoff has worked at Penny Lane the Salon for 13 years as a Cosmetologist and Salon Manager.   Mrs. Chimberoff’s management experience allows for a basic understanding of the financials and operations of a business which will give Mrs. Chimberoff a basis for evaluating potential merger/acquisition candidates.

 

It is difficult to say what or whether there are really any broader implications for the filing as by Chimberhoff’s own description in the S-1, the shares are essentially valueless. But it seems to me that All In Blind is an aptly named for a blank check IPO company, especially one based in Las Vegas. I truly wonder if Flash shareholders have any idea who they’ve hitched their wagon to.

 

*Denotes information in the original post that has been updated below.

West Region Kicks Off NPSL Season

The NPSL season is officially under way as the West reason saw several fixtures over opening weekend. Here are the results:

San Diego Flash 3 – 1 Santa Clarita Storm

Sonoma County Sol 3 – 3 Sacramento Gold

FC Force 4 – 3 Del Rey City

FC Hasental 8 – 1 Temecula FC

CD Aguiluchos 1 – 0 Real San Jose

OC Forfeits and Playoff Implications

With the Orange County Pateadores announcement that they would be forced to forfeit the last three matches of the season, we explore the impact this has on playoff qualifications for the West Region’s Southern Flight.

The clear winner is FC Hasental who will get a free three points – enough to almost assuredly hand them first place in the Southern Division. Orange County had kept Hasental from receiving full points in both previous matchups this season, which both ended in draws. If Orange County had managed another draw or dealt Hasental a defeat, this would have greatly aided their own title hopes as well as Santa Clarita’s.

Incidentally, Santa Clarita also pick three points from Orange County – whom they lost to twice earlier in the season. Santa Clarita currently trails Hasental by 4 points, and even though the three points are a boost, the fact that Hasental will get three free voids this contribution to Santa Clarita and in fact makes it impossible for the second place Storm to move into first place – even they manage to knock off Hasental and the San Diego Flash in their remaining two contests.

The real loser is the San Diego Flash who unlike Hasental and Santa Clarita defeated Orange County twice out of three meetings. Because of the free points being awarded to first place Hasental and second place Santa Clarita, the Flash now have no hope of taking over the title, even should they win each of their last two matches. Further, heading into last weekend the San Diego and Santa Clarita were tied on points, with the tie-breaker going to San Diego on goal differential. Santa Clarita leaped clear of the Flash with the forfeit victory while San Diego only managed a draw with last place San Diego Boca. The Flash will likely pick up three points this weekend against Las  Vegas, but could find themselves still on the outside of a playoff spot if Santa Clarita defeats Hasental this weekend. This would take the playoff race down to the season finale in which the Flash will host the Storm in San Diego. Should that be the case, Santa Clarita could advance with win or draw while San Diego could only advance with a win.

Essentially, the Orange County forfeits have big playoff implications. Hasental suddenly finds that they have clinched the division (and a playoff spot) while the the Flash find themselves in a situation where they almost have to win each of their remaining matches. Santa Clarita will be disappointed that they don’t have a shot at the title, but have less pressure than San Diego to win both of their remaining matches and still claim the last playoff spot.

And while San Diego Boca will also pick up a forfeit victory, the extra points really only mean that Boca might be able to finish second to last instead of last.

Weekend in Review 4/28

San Diego Boca 0 @  OC Pateadores 8 (Southern Flight): Boca  suffered a humiliating 8-0 route at the hands of Pateadores, and their woes continued off field as it is reported that Yan Skwara has stepped aside as President leaving head coach Karim Ben Mazuk with additional responsibilities. Scoring opened in the twenty-second minute and continued throughout the match as Pateadores narrowed the goal differential previously separating the from FC Hasental at the top of the table. With the victory and the weekend loss by Hasental, OC Pateadores take sole possession of first place in the flight while Boca maintain their place at the bottom along side the Las Vegas Stallions.

Sacramento Gold 3 @ San Francisco Stompers 1 (Norther Flight): For the first forty-two minutes things were going well for the Stomper’s home opener at Boxer Stadium. One minute later Sacramento were awarded a penalty, but San Francisco’s David Varela stepped up and made the save to keep things scoreless entering the break. Entering the second half San Francisco seemed unable to regroup and quickly conceded the first goal in the forty-eighth. The Stompers responded with a goal of their own ten minutes later to level at one all. The game appeared to be headed for a draw when San Francisco’s Liam Whelan was sent off in the ninety-first leaving the Stompers to finish out the match with ten men. Sacramento pressed their man advantage and managed two goals in stoppage time to secure the victory. Much better showing by San Francisco this week, but they have to secure that point with only minutes left in the game. The three points puts Sacramento in good stead heading into a bye week, but they should not feel content at how they got them. For a more in depth match report check out SoccerNation.com.

FC Santa Clarita Storm

FC Hasental 1 @ FC Santa Clarita Storm 2 (Southern Flight): Santa Clarita continues to surprise and this week downs FC Hasental to jump into second place in the Southern Flight only one point behind undefeated OC Pateadores. The Storm notched the first goal in fourteenth minute taking advantage of Hasental’s poor defending. They started the second half the same way and made it 2-0 in the forty-seventh. It looked as though Santa Clarita might shut out the prolific Hasental offense, but a bad challenge in the box awarded Hasental the penalty which was easily converted. This is an important victory for Santa Clarita as they try and gain some separation from the rest of the flight, and it highlights the defensive cracks Hasental has shown – and will need to fix if they want to seriously challenge Pateadores.

San Diego Flash 5 @ Las Vegas Stallions 0 (Southern Flight): The spark finally came in the twenty-seventh minute and the Flash offense exploded with three goals in four minutes to go up 3-0 before halftime. The Flash continued to dominate possession and added two more in the fiftieth and seventy-second minutes to put the game out of reach. The Flash remain in fourth place in the flight, but the win brings them within one point of third place Hasental. Las Vegas continued to struggle and remain at the bottom of the table.

CD Aguiluchos USA 1 @ Sonoma County Sol 3: Aguiluchos scored first in the seventeenth, but conceded a penalty a minute later to hand the equalizer to the Sol. With the momentum from the goal Sonoma County tallied another less than two minutes later to go ahead 2-1. The nail in the coffin came in the sixty-seventh on a through ball to Tyler Hurst who blasted a shot into the roof of the goal. With the win Sonoma County lead the Northern Flight with ten points. Sacramento Gold are second (9) followed by Real San Jose (7), CD Aguiluchos USA (3) and San Francisco Stompers (0).

Miami United 2 @ Cape Coral Hurricanes 2: In Sunshine Flight action Miami United traveled to Cape Coral to take on the Hurricanes for the second leg of the Everglades Cup. The first leg saw Miami score almost at will and take the match 6-0. This time, the Hurricanes were ready and scored just ten minutes in to take the lead 1-0. Cape Coral added a second just eleven minutes later in the twenty-first to go up 2-0. Miami continued to pressure and scored with thirty seconds left in the first half to bring the score to 2-1 heading into halftime. Cape Coral stayed strong most of the second half but again gave up a critical goal in stoppage time to end the match in a 2-2 draw. Miami United leads the 4 leg Everglade Cup series 4 points to Cape Coral’s 1.

Junior Lone Star v Hosa FC: Junior Lone Star FC traveled to North Carolina for a two match series against Hosa FC. Lone Star continued a solid pre-season performance posting a 2-0 win in the first leg and a 2-1 win in the second leg.

OK City FC (PDL) v LFC Warriors: The Liverpool Warriors faced Oklahoma City FC of the PDL in a pre-season tune up match. It was a high scoring affair for both sides and ended in 4-4 draw.

NPSL Match Predictions

Alongside of the weekly ‘Weekend in Review’ column posted on Mondays, I am adding a weekly match prediction column to be posted each Friday ahead of the weekend games.

Sacramento Gold @ San Francisco Stompers (Northern Flight): After three consecutive road losses the Stompers will host the Gold in their home opener at Boxer Stadium. The Stompers have struggled at both ends of the pitch this season, scoring only three goals while allowing twelve. Last weeks two goal performance against Sonoma County Sol was a marked improvement, and if they can repeat it – without the giving up the soft goals – they stand a chance of at least drawing a strong Sacramento side that is coming off of back to back wins against table leader Real San Jose and league newcomer CD Aguiluchos USA. My prediction for this match is a 3-0 win for Sacramento.

FC Hasental @ FC Santa Clarita (Southern Flight): Santa Clarita enters the game with momentum from a quality road victory over the San Diego Flash last week that puts them within one point of table leaders Hasental and OC Pateadores. Hasental and Pateadores played to a grueling 2-2 draw last weekend that saw Pateadores score the go ahead goal late into the second half while playing down man only to have Hasental equalize in stoppage time. Neither has defense has been spectacular over the first three games, though both have been sufficient. I anticipate another high scoreline with FC Hasental winning 4-2.

San Diego Flash @ Las Vegas Stallions (Southern Flight): San Diego will be looking to climb the table with a victory over the winless Stallions, who will be looking to build on the point gleaned from a 0-0 draw against San Diego Boca last week. The Flash have so far under performed this season after losing several key players from last years squad, but I expect they will handle Las Vegas without too many problems. Final score 2-0.

CD Aguiluchos USA @ Sonoma County Sol (Northern Flight): The enigmatic and unpredictable Aguiluchos travel to Sonoma County to take on a strong Sol side. Aguiluchos have struggled to score with all four of their goals coming in the lone victory over San Francisco – a trend I expect to continue against the Sol. Always strong at home, I predict a 3-1 win for the Sol.

San Diego Boca FC @ OC Pateadores: OC Pateadores has made the most of a re-branding effort and undefeated after three regular season matches. Boca are at the other end of the spectrum, winless still after a 0-0 draw with Las Vegas. The Pateadores defense has been stifling, and they nearly emerged with a victory last week over the highly touted FC Hasental offense – playing a portion of the match with only 10 men. San Diego will struggle to penetrate Pateadores defense, I predict a 2-0 win for the Pats.

Miami United @ Cape Coral Hurricanes (Sunshine Flight): This will be the second leg of the Everglades Cup as well as the final match of the pre-season for these two clubs. The first leg saw Miami cruise to a 6-0 shutout over Cape Coral. Miami may very well be the most underestimated side in the NPSL this season as they have quietly assembled a professional squad. I anticipate this leg will yield a similar result, as Cape Coral have struggled to score all against  NPSL competition having also been defeated by a 2-0 margin by the Tampa Marauders on two occasions this pre-season. Prediction: 5-0 in favor of Miami United.

Junior Lone Star FC @ Hosa FC (Non-league pre-season friendly): Junior Lone Star continue their full pre-season line up by travelling to North Carolina for a 2 game series against Hosa FC. Lone Star have posted some good results so far this pre-season and will hope to solidify a starting 11 this weekend.

NPSL Week in Review

Weekend scores from around the league:

  • Tampa Marauders bounced back from a 2 – 4 loss to Warner University by defeating the University of Tampa 2 – 1.
  • Junior Lone Star FC played to a thrilling 3 – 3 draw against Debamu FC in a pre-season friendly match that saw two stoppage time goals.
  • Real San Jose stays atop the Northern Flight of the West Region with a 2 – 2 draw against Sonoma County Sol. Both teams remain undefeated, and Sonoma has a game in hand.
  • Orange County Pateadores continues to impress with a 2 – 0 victory over the San Diego Flash in what is being billed as game one of the Freeway Series. Pateadores is currently tied for 1st with FC Hasental in the Southern Flight of the West Region.
  • Reports are in and the word on the street is that Miami United has managed to sign a number of ex-professionals to their squad. Miami United reportedly dispatched the Cape Coral Hurricanes by a final score of 6 – 0 in the first leg of the Everglades Cup.
  • Santa Clarita Storm outgunned the Las Vegas Stallions 5 – 4 in a goal fest. Coming off of an embarrassing double digit loss, Las Vegas put in a respectable showing despite another loss.
  • San Francisco Stompers 0 – 4 CD Aguiluchos USA: Aguiluchos crammed all four goals into the first half of play to notch their first win of the season against San Francisco. San Francisco will need to make some adjustments in order to avoid finishing bottom of the table for another season.
  • FC Hasental continued an undefeated streak started during Open Cup qualifying with a 5 – 4 win over San Diego Boca FC. The win keeps FC Hasental tied for first with OC Pateadores in the Southern Flight of the West Region, though Hasental currently holds the tie-breaker on goal differential.

Other news/updates:

  • Electric City FC add home match vs. Junior Lone Star FC for summer program
  • The NPSL has renamed its ‘divisions’ as ‘flights’. This is a much welcomed change that will hopefully clarify some of the past confusion over what constitutes regions/divisions/conferences. Thus a team will play in a flight which is in turn a part of a region (for example, the Sunshine Flight is a part of the South Region).
  • Armando Gaitan of FC Hasental has received the NPSL Player of the Week award for the week ending April 7th.

NPSL Weekend Review

Expansion News:

  • The Electric City Shock (Scranton, PA) have announced exhibition friendlies against the Pocono Snow, FC Sonic, and Hershey Wildcats and hope to use these matches to build towards league membership in 2014.

Scores:

  • Orange County Pateadores kicked off the regular season with a victory over the Santa Clarita Storm thanks to a pair of second half goals. The win extends the Orange County streak to 5 straight (includes pre-season and non-league matches). Final Score: OC Pateadores 2 Santa Clarita Storm 0.
  • Real San Jose made a statement with a 5-1 home win over the San Francisco Stompers and have put the Soccer Magic Cup all but out of reach. A win over the Sonoma Sol next weekend would solidify San Jose’s position at the top of the table. Final Score: Real San Jose 5 San Francisco Stompers 1.
  • The Sacramento Gold dispatched league newcomer CD Aguiluchos USA 3-0. With the victory, the Gold move to 1-1 on the season while Aguiluchos was held scoreless for the second consecutive match. Final Score: Sacramento 3 CD Aguiluchos USA 0.
  • The San Diego Flash took the first leg of the San Diego Derby over San Diego Boca by a 3-1 scoreline. After a scoreless first half, the Flash offense erupted with a 3 goal performance to put the match beyond Boca reach. Final Score: SD Flash 3 SD Boca 1.
  • Open Cup bound FC Hasental drubbed Las Vegas Stallions FC 13-0. Reminiscent of the late Phoenix Monsoon, Las Vegas was reportedly only able to field a 10 man squad due to paperwork and player ineligibility issues. Final Score: FC Hasental 13 Las Vegas 0.
  • The Rhode Island Reds fell 1-0 to Massachusetts Premier in the US Open Cup Region 1 USASA final.
  • The Tampa Marauders took the first leg of the Gulf Coast Cup 2-0 over the Cape Coral Hurricanes in the Sunshine Conference. Final Score: Tampa Marauders 2 Cape Coral 0.

NPSL Pre-Season Poll Results

The poll is closed and here are the results:

Chattanooga FC was the overwhelming favorite collecting 69% of all votes cast. As a perennial favorite to make the championship, they are an obvious choice.

The San Diego Flash were a distant second picking up 7%.

Myrtle Beach Mutiny finished at 4% outperforming defending NPSL champions FC Sonic as a write in. FC Sonic finished with 3% of the vote.

Other write in honorable mentions were: AFC Cleveland, Cape Coral Hurricanes, Detroit City FC, Georgia Revolution, Junior Lone Star FC, Madison 56ers, Rocket City United, San Diego Boca FC, and San Francisco Stompers FC.

Thanks to all who took the time to vote!

3.25.13 NPSL Weekend Review

Several teams around the league had busy weekends, here is a review from around the league:

US Open Cup Qualifying

  • The San Diego Flash came back from a two goal deficit to defeat local rival San Diego Boca FC 4-2 and advance in Open Cup qualifying. Stephen Prendergast has the full match review over at soccernation.com.
  • FC Hasental overcame an early one goal deficit to claim victory over the Santa Clarita Storm. After an even first half FC Hasental took control in the second and tallied the game winner in the 59th minute. The final score was 2-1. A full match write up is available via Santa Clarita here or here via FC Hasental.
  • FC Hasental will face the San Diego Flash on March 30th for a ‘win and you’re in’ match.

Pre-Season News

  • Greater Binghamton FC traveled to Syracuse, NY and defeated LeMoyne College 2-0 in Binghamton’s first match of the pre-season.

NPSL Alumni Go Pro

  • According to goupper90.com FC Buffalo’s Mike Reidy and Josh Faga have both signed with the Rochester Rhino’s.
  • Former Junior Lone Star forward Anthony Allison is on trial with Swedish 1st division club Umea FC after two seasons in the 2nd division. Check out the full story here.
  • Former Erie Admirals defender Adam Clement signed with the Vancouver Whitecaps.