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
New York passes goal-anchoring law    
New York Governor Andrew Cuomo has signed a bill late that requires the state to come ...
Gervinho Tries to Smuggle Woman into Italy     
Apparently, AS Roma and Ivory Coast forward Gervinho tried and failed to smuggle a woman onto ...
Report: Wilshere Out Two-Three Months     
The Guardian on Monday reported that Arsenal midfielder Jack Wilshere, who went off injured in the ...
Enrique: Messi to Play Different Positions for Barca    
Lionel Messi will be used both as the main striker as well as a wide forward ...
Valcke: FIFA's Reputation is Damaged    
FIFA general secretary Jerome Valcke on Tuesday acknowledged that it could take "years" to rebuild FIFA's ...
Ribery Rips FIFA's Ballon d'Or     
Bayern Munich winger Franck Ribery expects teammates Arjen Robben and Manuel Neuer to miss out on ...
Pellegrini: Aguero 'One of the Best in the World'    
Manuel Pellegrini hailed hat-trick hero Sergio Aguero for rescuing Manchester City's UEFA Champions League hopes with ...
Mourinho Hails 'Complete' Chelsea     
Jose Mourinho hailed the 'complete' performance of his players as Chelsea sealed first-place in Group G ...
Report: Real Beats Barca to Promising Youngster    
Real Madrid has beaten Barcelona to the signing of promising youngster Marco Asensio, in what Spanish ...
Guardiola Hopes Messi Stays at Barca     
Bayern Munich coach Pep Guardiola said he hopes "with all my heart" that Lionel Messi ends ...
>> Section 2 Around the Net Archives