Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World 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
Athletica's demise another blow to St. Louis soccer
by Paul Kennedy, May 27th, 2010 6:59PM

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 Boxx and 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
SoccerGrlProbs takes first in venture tournament    
SoccerGrlProbs, started by a trio of Fairfield University's women's player, took first place in the for-profit ...
Garber vs. Klinsmann, different timetables and goals    
Speaking at the annual Associated Press Sports Editors talk, MLS commissioner Don Garber pressed his case ...
USL Weekend: Unbeaten Rhinos don't believe in shortcuts    
Of the five teams still unbeaten in the USL, the most impressive has been Rochester Rhinos, ...
NASL Weekend: Upstarts Atlanta and Indy still unbeaten    
The Atlanta Silverbacks, under first-year coach Gary Smith, host the New York Cosmos at Atlanta Silverbacks ...
What They're Saying: Hugo Sanchez    
"The recent losses by the Mexican national team and sub-22 are shameful. Is someone doing anything ...
Unbeaten Red Bulls get bicoastal test against Galaxy    
Montreal takes a second consecutive weekend off to play in the Concacaf Champions League finals, which ...
What They're Saying: Nat Borchers    
"Erin, will you go to the prom with Nick?" -- Portland Timbers defender Nat Borchers, while ...
What They're Saying: Jason Kreis    
"We've looked at his performances and said they've been really good ones for us and he ...
Video Pick: The rise and return of Sacha Kljestan     
The latest episode of the excellent MLS Insider mini-doc series, "Sacha Kljestan's Career Comes Full Circle ...
NWSL Thursday: A-Rod hands champs first win    
Amy Rodriguez's goal early in the second half gave FC Kansas City a 1-0 win over ...
>> Soccer America Daily Archives