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Related Parties
3 Months Ended
Mar. 31, 2015
Related Party Transactions [Abstract]  
Related Parties

Note 10 - Related Parties

 

Related parties are natural persons or other entities that have the ability, directly or indirectly, to control another party or exercise significant influence over the party in making financial and operating decisions. Related parties include other parties that are subject to common control or that are subject to common significant influences.

 

Effective January 2, 2012, Erik Klinger was appointed by the Company to serve as the Chief Financial Officer, on a part-time basis, and a Director of the Company. Mr. Klinger earned fees of $32,000 and $49,200, in the nine months ended September 30, 2014 and the fiscal year ended December 31, 2013, respectively. Robert Morris Price was appointed by the Company to serve as the President, Chief Executive Officer, and Treasurer as well as Chairman of the Company in April 2012. On May 20, 2013, Robert Price resigned as CEO of the Company to pursue other opportunities. This decision was not the result of any disagreement with the Company. Erik Klinger became the Chief Executive Officer effective the same day.

 

On October 7, 2014, Andrew Cox was appointed by the Company to serve as the President, Chief Executive Officer, Secretary and Treasurer as well as Chairman of the Board of Directors of the Company. Erik Klinger resigned as an executive officer and director of the Company to pursue other interests. On November 7, 2014, Igwekali Reginald Emmanuel was appointed by the Company to serve as the President, Chief Executive Officer, Secretary and Treasurer as well as Chairman of the Board of Directors of the Company. Andrew Cox resigned as an executive officer and director of the Company to pursue other interests.

 

There is no understanding or arrangement between Mr. Emmanuel and any other person pursuant to which he was appointed as an executive officer and director. Mr. Emmanuel does not have any family relationship with any director, executive officer or person nominated or chosen by us to become a director or an executive officer. Mr. Emmanuel has not had direct or indirect material interest in any transaction or proposed transaction, in which the Company was or is a proposed participant, exceeding $120,000. Igwekali Reginald Emmanuel has held the positions of Registered Agent, Soccer Scouting Director and Soccer Academy Manager from 2009 through the present. Prior to this, Mr. Emmanuel was the Head of Marketing for Vatev Sports Company Grecce/Brazil. Mr. Emmanuel received a degree in Business Administration from Rivers State College Of Arts/Science Port Harcourt.

 

During the fiscal quarter ended March 31, 2015, the Company paid no rent for the use of prior headquarters in El Segundo or Perris, California, although it did pay minimal fees for office expenses.