Huddle Up is a 3x weekly newsletter that breaks down the business and money behind sports. If you are not already a subscriber, sign up and join 100,000+ others who receive it directly in their inbox each week. Today At A Glance: Major League Soccer announced a $500 million agreement with Egyptian billionaire Mohamed Mansour last week to bring an expansion team to San Diego. So today’s newsletter breaks down the details, including who’s buying the team, why expansion fees have increased so much, and the league’s future financial outlook.
Good start with the article, but there is way more going on here. To start, (1) MLS is a real estate scheme, (2) MLS is a ponzi scheme built on expansion fees, and (3) MLS with its closed system and lack of pro/rel is bad for the sport and youth development, (4) US Soccer, SUM, and MLS are corrupt and interrelated, (5) what about the lower division teams in San Diego (like Landon Donovan's San Diego Loyal) and the investments they have made in the community in player development, etc.
Interesting that the revenue multiple for nba and mlb are near identical
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