Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

PDX FC is an American soccer team based in Portland, OR. We currently compete in the NPSL, which is considered the 4th tier within the US Soccer pyramid.

In 5 years, we hope to be competing in a professional league, while serving as a model club for independent soccer in the USA.

We plan to join the National Independent Soccer Association (NISA) by 2022. NISA is a professional league founded in 2019. The league is sanctioned as the third tier within the US Soccer pyramid.
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Milestones

Footy Dreams Group LLC was incorporated in the State of Oregon in February 2017.

Since then, we have:

• Become part of a unique group of owners creating a new community based soccer model.
• Room for growth within the US Soccer Pyramid
• Actual ownership rights that come with investor updates and special owner perks.
• If the club makes money, you make money. Receive actual dividends!

Historical Results of Operations

Our company was organized in February 2017 and has limited operations upon which prospective investors may base an evaluation of its performance.

• Revenues & Gross Margin. For the period ended December 31, 2019, the Company had revenues of $11,457 compared to the year ended December 31, 2018, when the Company had revenues of $5,914.
• Assets. As of December 31, 2019, the Company had total assets of $31,685, including $3,140 in cash. As of December 31, 2018, the Company had $19,123 in total assets, including $1,323 in cash.
• Net Loss. The Company has had net losses of $11,047 and net losses of $12,006 for the fiscal years ended December 31, 2019 and December 31, 2018, respectively.
• Liabilities. The Company's liabilities totaled $0 for the fiscal year ended December 31, 2019 and $0 for the fiscal year ended December 31, 2018.

Liquidity & Capital Resources

To date, the company has been financed with capital contributions from the founding team.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 24 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 24 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

Footy Dreams Group LLC cash in hand is $6,240, as of June 2020. Over the last three months, revenues have averaged $600/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $100/month, for an average net margin of $500 per month. Our intent is to be profitable in 6 months.

The founding team is able to contribute additional capital to cover short-term operations if necessary.

Since the date of our financials, we have to pause game play during the COVID-19 pandemic. This has built a pause on revenue from ticket sales. Our recent revenues have been from merchandise sales and sponsors.

Many things have changed since the 2019 season. A combination of factors will hopefully help us become profitable in 2021. We already have commitments to drive sponsors up from previous years. We anticipate at least a moderate boost in attendance, because our public profile has grown since 2019. We have a few thousand dollars of merchandise in stock. We will introduce youth soccer camps, which alone will generate enough profits to cover the amount lost in 2019. The founder's previous job as a college coach limited his ability to start a camps program. He is now full time devoted to PDX FC. Due to the cancellation of the 2020 season, we have received a credit from our league for $2,500 that will cut our 2021 league dues from $5,500 to $3,000. Our leagues yearly AOM is cancelled, which will save $1,000. More long term means of bringing in revenue would be receiving training and solidarity payments for the transfer of successful player/s at the professional level and of course, working to drive the valuation of the club up for a potential sale down the road. 

Three months after our May 2021 kickoff, we hope to be generating $9,000 in revenues and $3,500 in expenses, although this cannot be guaranteed, especially given COVID-19.

The above projections cannot be guaranteed.

For additional sources of capital, we can rely on funds contributed from the Company's founding team.