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
USL For Sale, But Can MLS Afford It?
Metro News, August 18th, 2009 7:21PM

MOST READ

MOST COMMENTED

According to several league and club executives, United Soccer Leagues has been put up for sale by Nike, the majority owner of the league. Two sources from the lower-level league have confirmed that MLS has inquired into purchasing it. Followers of the North American game have long dreamed of a promotion-relegation system similar to the one that exists in Europe, and it now seems closer to reality.

Chris Economides, senior director of USL-1, shed some light on the league's economic state last week when he told a Cleveland newspaper that only three to six of the league's 11 teams are profitable. But information about the sale remains sparse. "We are a private business and as such it is not our intention to speak publicly to the media at this time," said Tim Holt, executive vice president and COO of the USL. "In the short term we are okay with being a second tier in North America. But the league needs to start asking the question: What are we aspiring to be? A very strong, stable second division? Or are we interested in chasing first division?"

Two anonymous sources from USL say an MLS takeover is unlikely, based on Nike's asking price. They suggested that a third group, comprised of private investors, would more likely become the new owners.

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
Report: Blind Injury Not as Bad as Feared     
Manchester United on Thursday was boosted by the news that defender Daley Blind will be out ...
Parma Deducted Points for Missing Payments    
Serie A club Parma will be deducted between one and six points this season for failing ...
MLS MVP Finalists Still Alive     
For the first time since 2010, all three MLS MVP finalists still have a chance of ...
Toure, Ivory Coast Confirm AFCON Participation     
Manchester City will increase its efforts to extend Frank Lampard's loan from New York City FC ...
Marseille Officials Implicated in Raids     
Ligue 1 leader Marseille is still in shock after fifteen current and past officials at the ...
Report: Qatari Whistleblower Fears for Safety     
Former Qatar 2022 bid worker Phaedra Almajid fears for her safety after FIFA ethics judge Joachim ...
Report: FIFA's Anti-Corruption Case in 'Disarray'    
FIFA ethics judge Joachim Eckert and investigator Michael Garcia are meeting on Thursday to discuss the ...
Boca, River Square off in Copa Sudamericana Semis    
Buenos Aires archrivals River Plate and Boca Juniors are set to meet in the Copa Sudamericana ...
Report: Real to Receive $2 Million for Modric's Injury     
AS reports that FIFA will compensate Real Madrid with 1.6 million euros ($2 million) for the ...
Liverpool's Sturridge Out Six Weeks     
Liverpool striker Daniel Sturridge has picked up yet another injury and is now set to miss ...
>> Section 2 Around the Net Archives