Soccer Business Bits: Expansion Close, Chivas Sale & More

chivasMultiple news outlets are reporting statements from Commissioner Garber that the announcement of the next MLS expansion team may only be 4-6 weeks away.   Among the rampant speculation rumors is a suggestion that Manchester City’s wealthy ownership group is the possible leader to land the next franchise.  We have long discussed that a New York II franchise is the anticipated 20th team, and a prominent ownership group like Abu Dahbi United Group would likely revel in the opportunity to own a high profile franchise in the Big Apple.  Philly.com is also reporting that the likely expansion fee for a New York team would be $100 million.  While that fee would likely price new ownership groups in other expansion cities out of later expansion, the effort to secure a stadium in such a prominent locale certainly adds to the expansion fee.

There are also multiple reports circulating that famed Mexican Club Chivas is closes to being sold.  In addition to the Mexican side, MLS franchise Chivas USA would be part of the sale.  The potential buyer is Carlos Slim, reputed to be the world’s wealthiest individual.  The sale price is apparently near $700 million dollars and would also include Chivas’ stadium. Jose Vergara has owned Chivas for just over a decade and both franchises have struggled over the last years on the field.

One final note. American soccer fans will get national television games on NBCSN, Univision Deportes and UniMas this weekend.  Canadian fans will have a game on TSN.  There will be no ESPN game this weekend.

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