now need to add part-owner... Grant Wahl @GrantWahl3h3 hours ago Kyle Martino & Stuart Holden have become investors in the ownership group of Spanish club Mallorca that includes Steve Nash & Robert Sarver.
Not a bad place to visit periodically to check up on your investment... and write off your travel expenses.
Probably cheaper - by a hell of a lot. To get into MLS right now is getting on for $200m for the franchise fee, depending on the market, an investment group with very high (i.e. billionaire-level) net worth, on top of which you have to have/have access to/reasonable-prospects-of-getting-the-right-to-build a SSS where you'll be the anchor tenant and an established fan base. Buying into Mallorca means you already have the fanbase and a local government-owned stadium where you're the anchor tenant, plus a nearby development site where the old stadium was to build a new one. Your net worth can go straight into building the squad and, if you want, the stadium instead of the franchise fee. The days when MLS was a cheap way of buying into footy are long gone.
Case in point: Marseille, 9-time league champions and 1-time Champions League winner, with a city-owned, 67,000-seat stadium, just got bought by Frank McCourt for something like $50 million.
It's also that you lose autonomy in MLS because each owner is 1/X owner of MLS as well. If the league takes a hit, you take a hit. If there is a league wide policy, everyone has to follow it. In Europe and NASL, you can basically do whatever you want. Its kind of how you get the Rayo OKC situation.
At first glance, it's strange. Partly for the reason @jond said, but partly because, let's face it, we're all thinking, Stu and Kyle can't have THAT much money. But put those two things together; I suspect those two guys don't have enough for a real stake in an MLS team, but they do for Mallorca.
And that's so much better than MLS isn't it? Europe has all the answers to the development of footy in the US - because . . . erm, because . . . of . . . it's Europe damnit!
Swansea was worth about 100 million pounds when it was sold earlier this year. Thats with the TV deal money. https://www.theguardian.com/football/2016/apr/19/swansea-city-owners-sale-takeover-us-investors "Part owner" can mean anything from 99.9% to 5% to 0.1%. A lot of teams use people to gain credibility. It's serious when they are referred to majority owner or minority owner (when 1-2 names are used). It indicates a larger financial commitment.
Hey Stu- thank you for your amazing play for Bolton and USMNT....you made it all so proud doing things in the Prem that no American had done before. We will forever be grateful.... Now, to this young Matthew Hoppe ....
He had that microfracture knee onjury. They are bad news and not surprised this is where it ended up. Best of luck to him!
Yes, he went straight into that ball with all of his weight behind. Pulisic did something similar the other day against Man City. Fortunately, the defender didn’t have the momentum that Evans did and the studs hit his shin pad.