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
St. Louis pro teams in dire straits
St Louis Globe-Democrat, May 21st, 2010 3:22AM

MOST READ
TAGS:  ussf division 2, wps

MOST COMMENTED

St. Louis' pro teams --  the men’s AC St. Louis of the USSF Division 2 Professional League and Athletica of Women’s Professional Soccer (WPS) -- are facing severe financial challenges. Major investors based in England contracted to support both teams through 2011 have run into “funding difficulties” that have put the teams at risk, according to sources.

Jeff Cooper, the local attorney who headed the efforts to start both teams, is attempting to put together additional funds to keep the clubs running. U.S. Soccer Federation spokesman Neil Buethe responded to questions about the financial health of AC St. Louis and the Athletica, saying, “U.S. Soccer is aware of some challenges that are currently going on and we are diligently working through the situation.”

Tony Hubert, the spokesman for both teams, said: “The expressions by U.S. Soccer and Women’s Professional Soccer also represent the respective positions of AC St. Louis and St. Louis Athletica. We’re working closely with each organization and appreciate their interest in the matter.”

Brothers Heemal and Sanjeev Vaid are the English investors who were introduced as directors of AC St. Louis when the team was announced last Dec. 8 and both are backers of the Athletica. Vaid owns a global commodity-trading firm while Heemal directs several companies in the English restaurant industry.

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
Wenger: Vermaelen May Leave Arsenal    
Arsene Wenger says defender Thomas Vermaelen, who has attracted interest from both United and Barcelona, could ...
English FA Cracks Down on Gambling    
The English FA has instituted new rules that ban players and coaches from betting on any ...
Luis Suarez's Suspension Appeal Set for Next Week    
Luis Suarez's appeal to the Court of Arbitration for Sport (Cas) against a four-month ban for ...
Mexico Goalkeeper Moves to Malaga    
Mexico goalkeeper Guillermo Ochoa, coming off an excellent World Cup performance, has moved to Spain's Malaga ...
Germany Wins Another Championship    
Within three weeks of winning the World Cup, Germany won another title, indicating that its youth ...
New York City FC to Groom Players for Man City?    
Manchester City's chief executive Ferran Soriano says that the Premier League champion may use its MLS ...
World Cup Boosts German Beer Sales    
The World Cup is credited for boosting German beer sales by 4.4 percent in the year's ...
Glazers Selling selling 8 million Man United    
The Glazer family will make around $150 million by selling 8 million shares of its stake ...
Former Palestine Midfielder Killed in Bombing    
Former Palestinian national team player Ahed Zaqout has been killed by an Israeli bomb that hit ...
Neymar Aims to Be Fit for Barcelona Opener    
Brazilian star, Neymar, who fractured a bone in his back following a challenge from Colombia's Juan ...
>> Section 2 Around the Net Archives