According to Sportcal estimates MLS is operating at a small profit and is the eleventh biggest league in the world by revenue. But the operators will have to find something to replace the $150-$200 million a year in expansion fees. Transfer revenue and an improved TV contract in 2022 (with the WC in the horizon) will contribute. Any investment scheme where the investors are aware of actual P&L is not a ponzi scheme, and as the owners run the league, and the finances are audited by an outside party, then MLS does not meet that definition. And we know that actual share transactions conducted with real money have valued two MLS clubs far higher than Forbes estimates. We also know roughly the value of SUM and the revenue and operating income of every club. We also see real people in real stadiums, whereas ponzi investments by contrast are made up. Point is that although MLS finances may be secretive to outsiders they are completely open to investors, which is the opposite of a ponzi scheme.