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
LVG: Falcao "Has to Prove Himself"    
Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
Report: Adidas to Assist Messi Move?    
According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
Mourinho Questions Man City's Transfer Policy     
Chelsea coach Jose Mourinho suggested that rival Manchester City is not adhering to UEFA's Financial Fair ...
Toure Admits Man City Future in Doubt     
Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
Ronaldo Blasts 'Defensive' Atleti Tactics    
Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
Fabian Johnson's 'Spat' with 'Gladbach Coach Favre    
According to Bild, USA defender Fabian Johnson is in a "spat" with Borussia Monchengladbach coach Lucien ...
Serie A to Introduce Goal-Line Technology     
Serie A will introduce goal-line technology next season after the Italian soccer federation (FIGC) gave its ...
Ronaldo: Cristiano Junior Prefers Messi     
Real Madrid forward Cristiano Ronaldo, who on Monday was named the 2014 Ballon D'Or winner, revealed ...
Debuchy to Miss Three Months     
Arsenal coach Arsene Wenger on Wednesday revealed that right back Mathieu Debuchy is set to miss ...
Spurs Fights Back to Win Third-Round Replay     
Tottenham on Wednesday fought back from two goals down to beat Burnley, 4-2, in an FA ...
>> Section 2 Around the Net Archives