Statement re: Proposed Amalgamation of PSC and AFC

The Pickering Soccer Club has determined that it is in the Club’s best interests at this
time to cease further talks on the planned amalgamation with Ajax Football Club.
Tireless work and transparency were provided throughout the process but given the
ambitious timeline we had set ourselves some terms couldn’t be resolved within that
time frame.

The Amalgamation Agreement that was shared with the Pickering Soccer Club
membership on August 14th will now be rescinded and the Special General Meeting
scheduled for September 14th will not be held.

The Pickering Soccer Club has been a strong supporter of standards-based programs and
a founding participant in; the Ontario Soccer Club Excellence Award, Ontario Player
Development League and League One Ontario.  The launch of the Canada Soccer
National Youth Club License this month is something we are excited to be part of. The
Club will continue to strive for excellence and to offer the best programs to the soccer
community.

We are very excited about the future of our Club and will continue to work closely with
Ajax Football Club in an effort to ensure our players get the best soccer experience
possible.

Sincerely,
Corrado Roccasalva,
President

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