Burkle leaves Sacramento MLS expansion group

[LadyStanley]

Sacramento's MLS expansion team on the brink after billionaire investor backs out

MLS announced Sacramento was getting a team two Octobers ago.

Cites coronavirus.

Sounds like things can still move forward.

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[Mightygoose]

This is a tough spot for the bid. The city kept getting leapfrogged by other places as the expansion fees kept climbing hence needing new investors.

Burkle leaving takes significant funding away from the stadium too. There's still time to work something out, likley until the pandemic ends

Not a fun time for the league that now has to find investors in 2 markets. Salt Lake City the other

 

[generalshepherd141]

Wonder if this gives Phoenix the inside track for the 30th MLS franchise? On paper it would make perfect sense: in a large market and having potential owners willing to build a soccer-specific stadium.

 

[GindyDraws]

Sacramento says they are still getting a team, but this all but kills the project.

Other areas will try for a shot at a potential opening now, but after Charlotte got in at $325 million, the price tag for entry will only get higher especially as COVID wreaked havoc on attendance last year.

 

[DoyleG]

Sacramento says they are still getting a team, but this all but kills the project.

Other areas will try for a shot at a potential opening now, but after Charlotte got in at $325 million, the price tag for entry will only get higher especially as COVID wreaked havoc on attendance last year.

Apparently, the Sacramento group hadn't paid any portion of its expansion fee.

 

[Mightygoose]

And now the club president steps down

Sac Republic FC president steps down after investor pulls out of expansion deal (kcra.com)

What percentage of the team did Brukle own? How much money are they looking to replace for the fee, never mind stadium costs