Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
Athletica's demise another blow to St. Louis soccer
by Paul Kennedy, May 27th, 2010 6:59PM
Subscribe to Soccer America Daily

MOST READ
TAGS:  soccer business, ussf division 2, wps

MOST COMMENTED

[WPS]The Saint Louis Athletica became the second Women’s Professional Soccer team to fold in four months when its owners closed shop on Thursday. Athletica players, including such U.S. national team stars as Hope Solo, Shannon Boxxand Lori Chalupny, will be available as free agents to other WPS teams as of Tuesday. For now, AC St. Louis, the D-2 Pro League club operated by the same ownership group, remains in business.

The move came after WPS covered the team's last two player payrolls. WPS will redo the remaining schedule for the 2010 WPS season as a seven-team league. The 2009 regular-season champion Los Angeles Sol folded before the season started.

“It’s incredibly difficult to lose a team in mid-season like this,” said WPS Commissioner Tonya Antonucci. “We looked at a few options as a league together with our Board and U.S. Soccer, but the operational hurdles and finances just didn’t work out. In the face of a severe funding gap in St. Louis, the local ownership group is shutting down the team at this point.”

Athletica's financial problems came after owners Sanjeev Vaid and Heemal Vaid, British-based investors, defaulted on a contract to fund Athletica through this season.

AC St. Louis remains in operation for the time being.

"Saint Louis Athletica is a painful outcome from the funding shortfalls and ultimate default by the investors who had the obligation to fund and operate the team on a day-to-day basis,” said Athletica founder and chairman Jeff Cooper, who was instrumental in bringing pro soccer back to St. Louis. “I’ve given this matter my complete attention since returning to a more active role in the last few weeks, and numerous parties have spent a lot of hours during that time exploring what options or solutions might be available. Despite best efforts, nothing was found that would answer the immediate needs of the franchise. With more time, it is possible the answer to the financial challenges Athletica faced would have been met, but unfortunately we do not have the benefit of extra time."

The problems Cooper's group encountered are not surprising. It had for several years sought an MLS franchise, but the Division I men's league had expressed concern about the group's financial resources and turned instead of Portland and Vancouver as its 17th and 18th teams, set to launch in 2011.



No comments yet.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
MLS Moves: Castillo swept off his feet in Turkey    
FC Dallas star Fabian Castillo arrived in Turkey ahead of his anticipated transfer from MLS to ...
What They're Saying: David Luiz    
"It's important to be an example, especially for the kids. I work every day with this ...
MLS All-Star Game: Wondo ready for challenge    
All-Star Games are supposed to be wide-open, entertaining affairs, and if so, are tough tests for ...
U.S. women are off to Brazil -- opener next Wednesday    
The U.S. women's national team was off to Brazil Wednesday night to prepare for its quest ...
MLS Homegrowns lose to Mexico's U-20s    
In an appetizer to the MLS all-stars' game against Arsenal, a squad of MLS U-23 Homegrown ...
U.S. Abroad: Five Americans start in Tijuana Copa MX loss    
Tijuana started five Americans in its 4-0 loss to second division Lobos BUAP in Mexico's midweek ...
MLS Moves: Jones jumps ranks at Philadelphia    
Derrick Jones, the first player to sign with the Bethlehem Steel FC, became the first player ...
MLS All-Star Game: Soaking up the experience    
A guy like Sacha Kljestan, an 11-year pro and veteran of the UEFA Champions League with ...
Video Pick: Trick PK goes wrong in Peru    
Last February, Lionel Messi passed a penalty kick to Luis Suarez, who stroked home to complete ...
What They're Saying: Landon Donovan    
"There's a reason you see the passion in this area: Soccer's in their blood now. It ...
>> Soccer America Daily Archives