Albion SC Las Vegas

Overview

Albion SC Las Vegas (originally “Next Generation Elite”), 501(c)(3), EIN 81-1791714. Founded 2017, originating from Inspirada FC partnering with Albion SC San Diego (founded 1981 by Noah Gins). Website: albionsclv.org.

Part of the national Albion SC affiliate network spanning 15,000+ players. Arsenal FC connection through Puma affiliation.

Financials

FY May 2024 (990 filing):

Revenue: $2,630,495 (HIGH)
Expenses: $2,518,029 (HIGH)
Net income: $112,466 (HIGH)
Net assets: -$911,589 (HIGH) — negative since at least 2018
Liabilities: $1,011,047 (HIGH)
Employees: 13 (HIGH)

7-year revenue trajectory: $107 K - >$ 993K → $1.72 M - >$ 2.05M → $2.63M. Revenue CAGR ~21%. Impressive growth from launch but built on a fragile financial base.

Financial red flags:

Negative net assets since at least 2018, deepening from - $240 K t o -$ 1.02M before slightly improving to -$912K
Net losses in 6 of 8 filing years
Over $1 M in l iabi l i t i es a g ain s t j u s t$ 99K in assets
Schedule L (conflict of interest transactions) filed every year — significant governance concern
Potentially dependent on related-party support

Wayne Attard (President) receives $98, 200 co m p e n s a t i o n . St e p hani e A n w a r (D i rec t oro f Op er a t i o n s) rece i v es$ 42,000.

Teams & Players

67 competitive teams + 1,400 juniors/recreational players at two locations (Inspirada, Skye Canyon). Broadest platform portfolio of any Las Vegas club.

League Affiliations

MLS Next (Homegrown Division)
Girls Academy
Elite Academy (EA)
DPL

This is the broadest portfolio of any Las Vegas club — the only one with MLS Next + GA + EA + DPL.

Facilities

Capriola Park (Henderson), Inspirada/Skye Canyon areas — all public/permitted.

Leadership

Wayne Attard — President ($98,200 comp, UEFA Pro License, former Australian NSL/Maltese Premier League player)
Amanda Schmutz — DOC Girls (only female USSF A License in Nevada, placed 100+ players in college over 5 years)
Paul Bright — Director MLS Next (former Manchester United Academy coach, UEFA A License)
Terry Manley — CEO (transitioned)
Stephanie Anwar — Director of Operations ($42,000 comp)

College Placement

154 players placed; $57M in scholarships (network-wide stat across all Albion SC affiliates, not Las Vegas-specific).

Competitive Position

Strengths:

Broadest platform portfolio in Las Vegas (MLS Next + GA + EA + DPL)
Albion SC San Diego national network (15,000+ players)
Highest Instagram following in market (7,192 followers)
Strong coaching credentials (UEFA Pro License, former Man Utd Academy)
Impressive revenue growth from zero to $2.6M in 7 years

Weaknesses:

Financially distressed — - $912 K n e t a sse t s,$ 1M+ liabilities
Schedule L conflict-of-interest transactions every year
Net losses in 6 of 8 years
Affiliated with national network — any acquisition requires San Diego HQ negotiation

SYNRGY Relevance

Competitor to monitor (potential future target). Not currently realistic as an acquisition due to Albion national network affiliation — any deal requires San Diego HQ negotiation. However, the financial distress (-$912K net assets) creates vulnerability if the club’s relationship with Albion national deteriorates or local leadership faces cash-flow pressure. Worth monitoring closely for deterioration.

Open Questions

What is the nature of the Schedule L related-party transactions?
Is the Albion SC San Diego affiliation a license, franchise, or partnership? What are the terms?
What is the source of the $1M+ in liabilities?
Could the club survive without Albion national support?

SYNRGY Wiki

Explorer

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