Article: Soccer Teams Fail to Reach Goal of San Jacinto, Calif., Venture Capitalists.

By Joseph Ascenzi, The Business Press, Ontario, Calif. Knight Ridder/Tribune Business News

May 7--Failed soccer franchises, excessive administrative costs and ill-fated Web site developments have put a San Jacinto venture capital fund into a large financial hole.

Peacock Financial Corp. (OTC BB: PFCK), reported in late April it lost $8.6 million against $764,814 in revenue during its 2000 fiscal year, which ended Dec. 31.

The losses included nearly $5.8 million in investment, banking and administrative costs, according to an April 17 annual report filed by the company with the Securities and Exchange Commission.

In a statement ...

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