Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Red Bull Notwithstanding, MLS Financials Are Looking Up
ESPN Soccernet, March 20th, 2007 3:50PM

MOST READ

MOST COMMENTED

If indeed New York Red Bull lost $14 million last season, how does that compare to other MLS teams? Generally speaking, says Steve Davis of ESPN Soccernet, when you start examining MLS financials, "it's all as foggy as a Westminster morning," because, as with many companies owned by multi-layered organizations, it's tough to see just where the money goes in and out.

The New England Revolution is owned by the Kraft family, for example, while three other MLS clubs are owned by Philip Anschutz's AEG. The Rapids are owned by the massive Kroenke Sports Enterprise, where a certain amount of the company's staff crosses over.

So it's a tough thing to gauge, really. We know the L.A. Galaxy, AEG's Beckham hit aside, is profitable, but Davis says Chivas USA can't be far behind, while Columbus is another club with small losses. It really is all about stadium ownership, which is why the league's mandate that clubs must build their own stadiums is a good one-although reaping the benefit takes a long time. Just look at the Red Bull, which has to shell out $100K in rent each time its team plays at Giants Stadium. Other big pluses for the league: new TV deals with ESPN, Fox Soccer, HDNet and Univision, plus any local TV deals arranged by clubs, and of course, Beckham. Read the original story...


No comments yet.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Orlando City Signs Shea     
New MLS club Orlando City on Friday announced the signing of U.S. national team midfielder Brek ...
Report: Juve Eyes January Move for Falcao     
According to Italian soccer site Calciomercato, Manchester United may consider getting second-choice striker Radamel Falcao's huge ...
Reus Fined $665K for Driving without a License    
Borussia Dortmund forward Marco Reus has been handed one of the biggest driving fines in German ...
Balotelli Receives One-Game Ban, Fine for Instagram Post    
Mario Balotelli received a one game ban and a fine of 25,000 pounds after being found ...
Robbie Rogers: FIFA 'Insane' to Host World Cup in Russia, Qatar    
LA Galaxy left back Robbie Rogers has spoken out about FIFA's decision to stage the next ...
FIFA to Publish World Cup Corruption Report    
FIFA's executive committee on Friday agreed unanimously to publish Michael Garcia's report into the bidding process ...
FIFA: Qatar Needs Labor Reform to Keep 2022 World Cup    
FIFA executive committee member Theo Zwanziger on Tuesday indicated that 2022 World Cup host Qatar must ...
CWC: Auckland City the 'Winner,' but San Lorenzo Progresses     
Real Madrid's will face San Lorenzo of Argentina in Saturday's Club World Cup final after the ...
Di Maria Beats Messi, Aguero to Argentina's Player of the Year    
Manchester United winger Angel Di Maria has beaten Lionel Messi and Sergio Aguero to Argentina's player ...
League Cup: Rodgers Defends Sterling as Reds March On     
Following Liverpool's 3-1 League Cup quarterfinal win at Bournemouth, Coach Brendan Rodgers defended two-goal hero Raheem ...
>> Section 2 Around the Net Archives