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PGF bankruptcy rumors? being sold?

Questions and discussions involving PGF

by mammasoftball » Fri Jul 24, 2020 1:05 pm

There are lots of rumors going round about PGF. Possible filing for bankruptcy or being sold to a baseball company from Iowa? Any truth to any of this? What about all the money they're still holding from teams? What about Surf City?
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by Melissar305 » Sat Jul 25, 2020 12:35 pm

mammasoftball wrote:There are lots of rumors going round about PGF. Possible filing for bankruptcy or being sold to a baseball company from Iowa? Any truth to any of this? What about all the money they're still holding from teams? What about Surf City?


I don't believe you have anything to worry about. PGF is like a Las Vegas casino without the risk. It's a money making machine. They are in just about every state of the USA. Here in Northern CA, during a normal year, they probably gross at least $250,000 a month in tournament and gate fees, not including concession, vendor or mandatory hotel kickbacks.

This would only include the summer and fall seasons, probably half of that total for the spring season, when high school players go dark. I suspect in SoCal it's even more, given the level of participation. Sure they have insurance, field, umpire and other miscellaneous costs, but that is maybe 20% of their gross. That's still a pretty good chunk of change to put in the bank. I don't know how anyone would walk away from that kind of cash flow, unless someone made them an offer they couldn't refuse.

Anyway, just thought I'd drop by to see how things were kicking it at "the Bucket". Doesn't look like there is much happening in the way of intellectual conversation. I'm going to head on over to the morgue to see if the action is any more lively over there.
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by DirtyRiders » Sat Jul 25, 2020 5:04 pm

I could be wrong but with the start of the CFL nationwide where a lot of the top dogs of organizations have joined together to create a Fastpitch “league” with playoffs and live streaming for recruiting, but wouldn’t that cut into PGFs control? I’m not saying they went bankrupt or even that this would cause them to question their financial position in the sport. I’m just saying that the top dogs are brilliant and realized they don’t need to give PGF $2500 a team plus qualifier money to accomplish what they can accomplish on their own. Mercado, Tyson, Rico, Richardson, Stith and many more hold all the cards. Most regions have already gotten on board!
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by 3BB » Sat Jul 25, 2020 5:38 pm

DirtyRiders wrote:I could be wrong but with the start of the CFL nationwide where a lot of the top dogs of organizations have joined together to create a Fastpitch “league” with playoffs and live streaming for recruiting, but wouldn’t that cut into PGFs control? I’m not saying they went bankrupt or even that this would cause them to question their financial position in the sport. I’m just saying that the top dogs are brilliant and realized they don’t need to give PGF $2500 a team plus qualifier money to accomplish what they can accomplish on their own. Mercado, Tyson, Rico, Richardson, Stith and many more hold all the cards. Most regions have already gotten on board!


The CFL is utilizing existing events throughout the State for their point system. So teams will still have to go to PGF/TCS/USA/USSSA/Whatever tournaments/showcases to accumulate CFL payoff points. It looks like once all the tournaments are played and all the points are figured out, there will be a "post" season tournament. I assume PGF Nationals will be one of the tournaments where teams go and play for points. Looks like a way to extend the season actually.
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by TheTownUSA » Sun Jul 26, 2020 11:44 am

3BB wrote:
DirtyRiders wrote:I could be wrong but with the start of the CFL nationwide where a lot of the top dogs of organizations have joined together to create a Fastpitch “league” with playoffs and live streaming for recruiting, but wouldn’t that cut into PGFs control? I’m not saying they went bankrupt or even that this would cause them to question their financial position in the sport. I’m just saying that the top dogs are brilliant and realized they don’t need to give PGF $2500 a team plus qualifier money to accomplish what they can accomplish on their own. Mercado, Tyson, Rico, Richardson, Stith and many more hold all the cards. Most regions have already gotten on board!


The CFL is utilizing existing events throughout the State for their point system. So teams will still have to go to PGF/TCS/USA/USSSA/Whatever tournaments/showcases to accumulate CFL payoff points. It looks like once all the tournaments are played and all the points are figured out, there will be a "post" season tournament. I assume PGF Nationals will be one of the tournaments where teams go and play for points. Looks like a way to extend the season actually.



That seems to be the plan, but things could always change. What's encouraging about the CFL is that it came about by influential people thinking outside of the box. PGF has had a monopoly on competitive girls softball for a very long time. That tends to breed a certain level of arrogance, where they get to dictate how things are going to be, with a take it or leave it attitude.

This will be reflected in how they manage refunds for the 2020 National Championships and qualifier fees. The fact they kept coaches and families hanging until the final hour before acknowledging the inevitable, is a reflection of how much they actually care about YOUR financial circumstances or welfare. For most people traveling in from out of town, it takes more than two weeks to plan a trip.

Once they realized that it would be impossible to hold qualifiers, they went to plan B, which was to invite a bunch of West Coast teams that they thought would jump at the chance to pay $2,250 to compete for a national championship. One they knew had little chance of ever coming to fruition. We will soon learn their true intentions, once they announce their refund policy. If people get stiffed, enough coaches may get pissed off to the point where they start looking for viable alternatives, like the CFL for example.
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by 3BB » Sun Jul 26, 2020 12:18 pm

TheTownUSA wrote:
3BB wrote:
DirtyRiders wrote:I could be wrong but with the start of the CFL nationwide where a lot of the top dogs of organizations have joined together to create a Fastpitch “league” with playoffs and live streaming for recruiting, but wouldn’t that cut into PGFs control? I’m not saying they went bankrupt or even that this would cause them to question their financial position in the sport. I’m just saying that the top dogs are brilliant and realized they don’t need to give PGF $2500 a team plus qualifier money to accomplish what they can accomplish on their own. Mercado, Tyson, Rico, Richardson, Stith and many more hold all the cards. Most regions have already gotten on board!


The CFL is utilizing existing events throughout the State for their point system. So teams will still have to go to PGF/TCS/USA/USSSA/Whatever tournaments/showcases to accumulate CFL payoff points. It looks like once all the tournaments are played and all the points are figured out, there will be a "post" season tournament. I assume PGF Nationals will be one of the tournaments where teams go and play for points. Looks like a way to extend the season actually.



That seems to be the plan, but things could always change. What's encouraging about the CFL is that it came about by influential people thinking outside of the box. PGF has had a monopoly on competitive girls softball for a very long time. That tends to breed a certain level of arrogance, where they get to dictate how things are going to be, with a take it or leave it attitude.

This will be reflected in how they manage refunds for the 2020 National Championships and qualifier fees. The fact they kept coaches and families hanging until the final hour before acknowledging the inevitable, is a reflection of how much they actually care about YOUR financial circumstances or welfare. For most people traveling in from out of town, it takes more than two weeks to plan a trip.

Once they realized that it would be impossible to hold qualifiers, they went to plan B, which was to invite a bunch of West Coast teams that they thought would jump at the chance to pay $2,250 to compete for a national championship. One they knew had little chance of ever coming to fruition. We will soon learn their true intentions, once they announce their refund policy. If people get stiffed, enough coaches may get pissed off to the point where they start looking for viable alternatives, like the CFL for example.


Sounds all fine and good but Fall is quickly approaching and the the CFL website has zero information about how they are going to proceed with their plan. Looks like they will probably find out (just like PGF did) that all the planning in the world isn't worth squat if the fields are shut down.
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by TheTownUSA » Sun Jul 26, 2020 4:00 pm

3BB wrote:
TheTownUSA wrote:
3BB wrote:
DirtyRiders wrote:I could be wrong but with the start of the CFL nationwide where a lot of the top dogs of organizations have joined together to create a Fastpitch “league” with playoffs and live streaming for recruiting, but wouldn’t that cut into PGFs control? I’m not saying they went bankrupt or even that this would cause them to question their financial position in the sport. I’m just saying that the top dogs are brilliant and realized they don’t need to give PGF $2500 a team plus qualifier money to accomplish what they can accomplish on their own. Mercado, Tyson, Rico, Richardson, Stith and many more hold all the cards. Most regions have already gotten on board!


The CFL is utilizing existing events throughout the State for their point system. So teams will still have to go to PGF/TCS/USA/USSSA/Whatever tournaments/showcases to accumulate CFL payoff points. It looks like once all the tournaments are played and all the points are figured out, there will be a "post" season tournament. I assume PGF Nationals will be one of the tournaments where teams go and play for points. Looks like a way to extend the season actually.



That seems to be the plan, but things could always change. What's encouraging about the CFL is that it came about by influential people thinking outside of the box. PGF has had a monopoly on competitive girls softball for a very long time. That tends to breed a certain level of arrogance, where they get to dictate how things are going to be, with a take it or leave it attitude.

This will be reflected in how they manage refunds for the 2020 National Championships and qualifier fees. The fact they kept coaches and families hanging until the final hour before acknowledging the inevitable, is a reflection of how much they actually care about YOUR financial circumstances or welfare. For most people traveling in from out of town, it takes more than two weeks to plan a trip.

Once they realized that it would be impossible to hold qualifiers, they went to plan B, which was to invite a bunch of West Coast teams that they thought would jump at the chance to pay $2,250 to compete for a national championship. One they knew had little chance of ever coming to fruition. We will soon learn their true intentions, once they announce their refund policy. If people get stiffed, enough coaches may get pissed off to the point where they start looking for viable alternatives, like the CFL for example.


Sounds all fine and good but Fall is quickly approaching and the the CFL website has zero information about how they are going to proceed with their plan. Looks like they will probably find out (just like PGF did) that all the planning in the world isn't worth squat if the fields are shut down.



The coaches that organized the CFL concept don't need to rush into anything at this point. It's pretty much a given there won't be any softball tournaments in Southern California this fall. It's really sad, but at this point the vast majority of parents are more concerned with being able to get their kids back in school where they can be educated. Softball may have to take a backseat. It's the same with volleyball and football. What matters most is that at least the wheels are spinning in their heads about getting a California league together. It may not happen this fall, but they should be ready to rock and roll by next fall.

The one shortcoming I noticed with SurfCity showcase tournaments, is they will let any rec team in the country participate, as long as they pay the $1,200 registration fee. Then they just randomly thrown them in a bracket with teams that are nationally ranked, where you see scores like 21-0. That's a game where you pray there are no D1 college coaches watching, because it's a lose-lose for all parties involved. If they are going to let everyone and anyone participate in a showcase, don't waste people's time by matching rec teams against ranked club teams.
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by jonriv » Mon Jul 27, 2020 8:11 am

I don't believe you have anything to worry about. PGF is like a Las Vegas casino without the risk. It's a money making machine. They are in just about every state of the USA. Here in Northern CA, during a normal year, they probably gross at least $250,000 a month in tournament and gate fees, not including concession, vendor or mandatory hotel kickbacks.


Usually people that make statements like this usually have never run a business. I am sure that this is the case here! Gross numbers are one thing, by the only real numbers that count are NET. PGF, like any other business is dependent on cash flow. If that cashflow is hindered it can really hurt them when it comes to debt servicing and fixed expenses. Also, we have know idea what kind of money they have to advance before any tourney. It is very possible that they could have been caught in a serious cash crunch considering everything that is going on. I wish them luck- I admire people that instead of complaining about something and whining- they actually did something and put their money where their mouth was!
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by SDTitans » Mon Jul 27, 2020 12:43 pm

I assume that people don't do their due diligence, They came out with a press release about a partnership with Perfect Game. http://www.premiergirlsfastpitch.com/pg_softball
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by Spazsdad » Mon Jul 27, 2020 2:32 pm

Sounds exciting :roll:
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