USSF Posts Financial Statements

$2.5 large every year on the pompous, fabricated facade of false hope.

SUM still killing though.

 

******** me, they are spending 14 million on the youth national team and academy and the end product is all of them failing at their primary objective.

 

This is some good $hit considering I'm studying for cpa exam right now and taking the AUD portion on Halloween.

 

At least the report is honest and classifies coaching as a current liability!

 

They'd be far better off putting that money into the da academies and making that program more encompassing.

 

Yeah, I geeked out and read it. I am looking forward to the Big Soccer interpretation of it.

Good luck. I don't miss the days of studying every night after a full day of work. And review classes. and studying. And studying some more. Eliminate any answers that have 'always' and 'never' on the Business Law section (do they still test for that?)

I guess the only thing that really jumped out at me is Edgar Castillo gets over $100,000 from USSF to be a player rep? I think that is a bigger waste than the $2.5 m on Jurgen. And Jay Berhalter as 'COO' only gets paid $68 G? Must be drawing from another source.

 

The business law section you're referring to is now combined with taxation, and together they represent the Regulation exam. I've only passed one section so far: BEC. Didn't know you were a CPA. That's awesome.

 

No, not really. I am a soccer coach that needs to be a CPA on the side to support myself and family

 

$10m increase from the 2014 statement, from $73m to $83m.

Not bad. It's grown fast under Klinsmann, about 10m per year from the stuck-in-the-50m before him. He's good business, widely known, can get us friendlies against top teams & that means juicy payouts, with big companies sponsoring.

I'd really consider making Kanye West the USMNT coach. The guy is HUGE around the world, specially in Europe. He dwarfs Klinsmann in name recognition, and you can bet Sony, Adidas, etc. would be willing to pay more to broadcast anything with him in it.

 

Which hopefully everyone keeps in mind when we cut him a big severance check and move on to someone who is both good for business and good for our senior team's performance.

 

It's settled then, Kanye West as president and coach of the United States.

 

over $35M from television revenue and marketing and advertising. That is over 1/3 of the recognized USSF assets.

And in the description section of the statement is the acknowledgement that SUM and Nike are at the core of that revenue recognition.

Interesting.