Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
4. WOMEN: Investors commit to launch of new major league
February 28th, 2007 1:43AM
Subscribe to Soccer America Daily

MOST READ

MOST COMMENTED

Four years after the WUSA folded following three seasons, Women's Soccer Initiative, Inc., has announced the commitment of six investment groups to launch a new major pro women's soccer league in 2008.

The six announced charter teams will be led by the following investors:

AEG: Greater Los Angeles
John Hendricks, Freedom Soccer LLC: Washington D.C.
Jeff Cooper, St. Louis United Soccer LLC:St. Louis, Mo
Soccer Initiative, LLC:Territory to be determined.
Jack Hanks and Brent Coralli, Dallas Franchise Group: Greater Dallas area.
WGLSI, LLC and an additional investor: Chicago and Bridgeview, Ill.

"We knew we would get one chance at this re-launch," said Tonya Antonucci, chief executive officer of the Women's Soccer Initiative Inc. "We spent a lot of time studying and researching. We knew we had to cut costs to get those in line with actual revenues."

The backers of the six teams have signed letters of intent and have reportedly made financial commitments. The projected cost of operating each franchise is $1.5 million to $2.5 million a year.

Negotiations are underway with MLS's marketing division to handle the new league's sponsorship and marketing.

Plans are to kick off in April of 2008, seven months after the 2007 Women's World Cup in China.

Shawn Hunter, president of AEG, which also owns the MLS's Los Angeles Galaxy, told the Associated Press that having the new league's teams owned and operated by organizations with ties to MLS "is a critical and significant component to launching a league that can have immediate credibility and success."

Although the WUSA failed despite about $100 million of investment, the WSII believes that efficient management and soccer-specific stadiums - the use of which it is negotiating with MLS clubs -- will enable it to succeed.

"We have taken both the lessons and the successes of the WUSA and applied them to create a business model that makes good economic sense," Antonucci said.


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
U.S. Abroad: Another convincing win for Pulisic's Borussia Dortmund    
Borussia Dortmund completed its second perfect week in a row when it beat Freiburg, 3-1, to ...
NWSL: Reign and Flash fight for final playoff berth    
The Seattle Reign, winner of the 2014 and 2015 NWSL Shield as regular-season champion, still has ...
NWSL: Edwards to retire after three pro titles    
Orlando Pride midfielder Becky Edwards, 28, will retire after Saturday's Pride game against FC Kansas City ...
This week in men's college soccer    
No. 1 Syracuse is off to its best start in school history -- starting out 8-0-0 ...
MLS Countdown: Lions and Kreis face crucial test at RFK    
A Saturday game between D.C. United and Orlando City matches teams with identical 7-9-13 records and ...
NASL owners remain 'undaunted' amid turmoil    
In response to reports of its potential unraveling, the six-year-old North American Soccer League issued a ...
What They're Saying: Eddie Rodger    
"They didn't just burn bridges with the local soccer community, they nuked them. It's disgraceful. They ...
MLS Moves: Pomykal will wear No. 19 in Rhine's memory    
Five years after former FC Dallas midfielder Bobby Rhine died suddenly and the team unofficially retired ...
What They're Saying: Jose Mourinho    
"I know that some football Einsteins -- football is full of Einsteins -- I know that ...
Video Pick: The Dancing Announcer of Leipzig    
Leipzig stadium announcer Tim Thoelke takes the field and adds some flair to the lineup announcement ...
>> Soccer America Daily Archives