Sacramento Republic FC Is Gonna Be 29th Team to Join MLS
Soccer is not gaining tremendous popularity all over the country with new teams joining MLS like mushrooms after heavy rain. It's been announced on September 6th that Sacramento Joins MLS in 2022. Sacramento Republic FC currently a USL Championship team officials agreed to join Major League Soccer starting 2022 season.
"We appreciate the great excitement and anticipation in our community about Sacramento’s bid to join Major League Soccer. As we have stated all along, we are working tirelessly to finalize an agreement to bring MLS to a city and a fanbase that deserves it. We respect the league’s expansion process and will not be providing any additional comment at this time." said Sacramento club in their official statement.
Sacramento is currently sitting on a 10th place in the Western USL Championship Conference just below Portland Timbers 2 and LA Galaxy II. Sacramento Republic FC will need a massive financial boost to step up it's game if they want to compete in MLS in 2022 season. "Los Angeles billionaire Ron Burkle, partner Matt Alvarez, and local businessman Kevin Nagle head an ownership group that is proposing to replace the city’s current lower-tier Republic FC team with a franchise in the fast-growing MLS."
As we have stated all along, we are working tirelessly to finalize an agreement to bring MLS to a city and a fanbase that deserves it. We respect the league’s expansion process and will not be providing any additional comment at this time. (2/2)
— Republic FC (@SacRepublicFC) September 6, 2019
Sacramento Republic FC follows in the footsteps of St. Louis and Nashville SC that agreed to join the MLS franchise from USCL Championship. "Major League Soccer unveiled plans to expand to 30 teams in the coming years, up from the previous target of 28 clubs that the league had established in December 2015."
LA billionaire Ron Burkle is going to team up with Matt Alvarez and Kevin Nagle head of the ownerships group that is behind Sacrament Republic FC push to MLS. However, expansion is not just a switch of allegiance and rebranding. "Both Sacramento and St. Louis groups will be asked to make formal presentations to the MLS Expansion Committee to address each bid’s final stadium plan, corporate commitments, the composition of the respective ownership groups, detailed economics on funding, strategic plans for fan development, commitments on player development and details on community programs."
MLS Sacramento Republic FC investment group has a plan to purchase 31 acres for the $250 million soccer stadium that will have 20,000+ seats, in addition, MLS has recently increased its expansion franchise fee to $200 million.
Where else could you invest $450 million?
Considering a hefty $450 million investment fee into a new MLS team means that the investment group means business and it's great news for Major League Soccer because the investors could have easily bought a mid-tier Premier League club such as Leicester that won Premier League not so long ago for about $435 million.
Ten years ago the same amount of money would buy you Liverpool FC. "Fenway Sports Partners is owned by Boston Red Sox owner John Henry and chairman Tom Werner, who bought Liverpool for a bargain $477 million in October 2010". Liverpool FC value since raised to over $1.4 billion.
Major League Soccer follows the pattern that other American sports leagues have followed in the past and there is no doubt that Major League Soccer will start getting more popular in the USA in the following decades.