MLS cut losses in half from previous year

Discussion in 'Business and Media' started by purojogo, Oct 10, 2003.

  1. purojogo

    purojogo Member

    Sep 23, 2001
    US/Peru home
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    I heard this statement made by Steve Cangialosi of the Metro Soccer report on MSG...Anyone willing to give a rough estimate (educated guess?) as to how much money this means? Plus, was GArber the one announcing this? What was the HDC's impact in all of this, or was it more about sponsors, TV, and/or something else?
     
  2. da_cfo

    da_cfo New Member

    Apr 19, 2003
    San Francisco CA
    Moving Dallas from Cotton Bowl to Dragon Stadium saved a few bucks.

    Moving LA from Rose Bowl to HDC means MLS, particularly the LA Galaxy, spent less money, but AEG certainly spent a small fortune building the place (even with sponsorship dollars from Home Depot to offset some of the cost).

    When a team owner builds a stadium, the losses shift from the team to the stadium corporation. The team and the league both lose less money, but that doesn't mean the owners are spending less money.
     
  3. PZ

    PZ Member

    Apr 11, 1999
    Michiana
    Club:
    Ipswich Town FC
    Nat'l Team:
    United States
    cut losses rather than added income probably is the key here.
     
  4. Andy_B

    Andy_B Member+

    Feb 2, 1999
    Nat'l Team:
    United States
    Roughly $500,000 so this was only a small percentage of the overall savings if the league as a whole really shaved 50% off its losses (which is remarkable for any business in a single year which did not include huge layoffs).

    The losses from 2 years ago (when the Fusion and Mutiny were still solvent) must be dramatic.

    Andy
     
  5. purojogo

    purojogo Member

    Sep 23, 2001
    US/Peru home
    Club:
    New York Red Bulls
    Nat'l Team:
    United States
    IIRC, Cangialosi mentioned this "MLS announcement" as if it was comparing this year to the one in 2002 (after the Fusion/Mutiny were gone, no?) Am i missing something here?
     

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