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Future secured with $4 million infusion
May 7th, 2010 4:28AM
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TAGS:  soccer business, youth boys

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[ANDROMEDA SC] Andromeda Soccer Club, the Dallas area club that has won three U.S. Youth Soccer national championships since 2007, has received a capital infusion of $4 million on its 30th anniversary.
 

The money will allow the club to pay off the mortgage on the club’s 35-acre training facility located in east Plano, where 42 teams train.

“We have been working on this transaction for a very long time," said Andromeda President Stan Strifler.  "To finally have it done and behind us -- and to know that it secures the next 30 years for this very special club -- is truly an occasion for celebration.

“We owe a great deal of thanks to the Hewes family -- specifically, brothers Andy and Steve Hewes -- for making this a reality. The transaction was so complex and the economic environment so completely unsupportive that any normal backers would have walked away months ago.  Their resolve to get this done was simply above and beyond. And we would be remiss if we did not mention the Behringer family -- specifically Robert Behringer -- for the patience he demonstrated as we put this transaction together.”
 

The project will also fund construction of three all-weather turf futsal fields and the improvement of the coaching staff.

"We already believed that we had the finest youth soccer training facility in the  country," said Mike Powers, the girls director of coaching for Andromeda. "But to know that we will now be making even further investment in the facility is truly a coach’s dream."

It will fund construction of three all-weather turf futsal fields and the improvement of the coaching staff.



0 comments
  1. Fernando Paz
    commented on: May 7, 2010 at 10:29 a.m.
    Thank you to Andy and Steve Hewes for helping out this soccer club. We really need to invest on our youth sports and education. Especially soccer GO SOUNDERS!
  1. Ryan Knapp
    commented on: May 7, 2010 at 11:16 a.m.
    Great to hear for Andromeda. Nice to see people helping out. Only one caveat with the story, futsal is never played on turf, only on court or a hard surface. Just clarifying.

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