AC St. Louis, Athletica and Crystal Palace Update 5-21-10
Players of AC St. Louis were called into a meeting this morning at 11:00 am CT to explain the ongoing financial situation with the club.
The financial situation of the team came to a head when it was evident the organization would not be able to make its payroll this week. According to Richard Farley at Major League Soccer Talk, “the situation came to light when AC St. Louis failed to make a regular payment to the NASL league office.” Farley reported that payroll is today, Friday, May 21.
To temporarily alleviate the problem, the USSF has released some of AC St. Louis’ bonding money back to the team to make today’s payroll. Every team must pay a yearly bond before the start of the season. The bond more or less insures the league in case a team has financial issues during the season. It’s believed that this year’s bond for USSF D-2 Pro teams is around $400 thousand dollars.
Dave Lange of the St. Louis Globe-Democrat reported last night that within the last several weeks a local St. Louis coach had been approached to take over the coaching reins at AC St. Louis. Currently the team has the high profile and most likely highly paid coach of Claude Anelka. The team is currently sitting bottom of the league at 1-5-1 with 4 pts. in 7 games played. It’s believed that St. Louis will also need to undergo dramatic budget cuts in order to survive the season.
Meanwhile it’s understood that USSF is working closely with Jeff Cooper himself to try to find a longer term financial solution for both AC St. Louis and Athletica.
Crystal Palace Baltimore
It’s been confirmed that the Medds have come up with between $60 to $70 thousand dollars which may be family money but is believed to keep the team away from immediate collapse. The organization has shown plans to the USSF for a revamped business plan which, as mentioned yesterday at IMS, may include releasing some players. The team has 24 listed players on their roster at the current time. Expect other deep cuts to take place with the team to allow them to make it through the season.
It’s also rumored that Andrew Nestor, owner and President of the Tampa Bay Rowdies has taken over the position of interim commissioner of the NASL, a position formerly held by Cooper. The NASL has a board of governors meeting set for June 3 and 4. I can imagine what at least one of the agenda topics will be when that group meets in Montreal, Canada.