Downtown Las Vegas Soccer Club (DLVSC)
Overview
Downtown Las Vegas Soccer Club, 501(c)(3), EIN 20-2683627. Founded 2005. Website: downtownlvsc.com.
DLVSC differentiates through its fully funded model — 8 of 12 competitive teams are fully subsidized (players pay $0 for club fees). This attracts talent priced out of other clubs. The club is connected to Bill Foley (Golden Knights owner, AFC Bournemouth owner) through an official AFC Bournemouth training partnership.
Currently appears boys-only.
Financials
FY Jun 2024 (990 filing):
- Revenue: $2,608,809 (HIGH)
- Expenses: $2,587,151 (HIGH)
- Net income: $21,658 (HIGH)
- Net assets: $1,232,960 (HIGH)
- Liabilities: $19K (HIGH)
- Employees: 31 (HIGH)
5-year revenue trend: 2.27M → 2.61M. Revenue CAGR ~3% (slow but steady).
DLVSC is the best-capitalized competitive club in the Las Vegas market, with $1.23M in net assets and virtually zero debt.
Gary Soresman (Executive Director) receives $194,950 in compensation.
Teams & Players
~12 competitive teams. 8 of 12 fully funded (zero cost to families). Boys-only currently.
League Affiliations
- MLS Next Academy Division (new for 2025-26, Desert Division)
- USYS National League
- Elite Academy League (EAL)
Facilities
Hyde Park Middle School / Cragin Park area. Facilities undergoing renovation.
Leadership
- Roger Tabor — President (former UNLV Soccer captain)
- Gary Soresman — Executive Director since 2004 (22+ year tenure), USSF A License, $194,950 compensation
- Mael Lefebvre — Technical Director (2024 hire, USSF B License)
- Colin Tabor — Tournament Director
College Placement
College pathway program. Mayor’s Cup designed for recruiting exposure.
Competitive Position
Strengths:
- Fully funded model is strongest differentiator in market — attracts top talent regardless of family income
- AFC Bournemouth partnership provides international cachet and coaching resources unmatched locally
- Best-capitalized club ($1.23M net assets, virtually zero debt)
- Gary Soresman’s 20+ year tenure provides unusual leadership stability
- Mayor’s Cup is the dominant tournament in Las Vegas (1,200-1,400+ teams, $45-60M economic impact)
Weaknesses:
- Only ~12 teams — smallest competitive team count among the Big 5
- Appears boys-only, limiting addressable market
- Slow revenue growth (~3% CAGR) vs. peers at 20%+
- MLS Next Academy Division (not Homegrown) — lower tier
SYNRGY Relevance
Competitor / potential partner. Bill Foley / AFC Bournemouth backing makes acquisition unrealistic. However, joint programming or complementary positioning could be explored (DLVSC = boys pathway, LVSA = boys + girls). The Mayor’s Cup is the competitive benchmark for Vegas Cup.
Open Questions
- Is the fully funded model sustainable long-term, and what is the funding source?
- What is the relationship structure with AFC Bournemouth / Bill Foley?
- Any plans to expand to girls programming?
- What is the economic model behind the Mayor’s Cup?