MLS Statement on Expnasion...looks like they want Miami as the 24th club (LAFC is the 23rd)
lets break down the Miami situation:
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1) Before Becks signed in 2007, you could barely give away an MLS team for free
2) Becks signs and the owners throw in a perk into his contract, which at the time looked like a fair deal for all involved. They gave Becks the option to become an owner at a price tag of $25m after he retired. The hopes being that once he retired and wanted a team the league would grow to the point where teams would be worth more than $25m expansion fee and that Becks would get a good deal on it.
3) That option was set to expire in December of 2015 which gave Becks plenty of time.
4) As the years have passed by, the league grew significantly in popularity and in financial strength.
5) Now we see in this latest release that the expansion fees for the next two teams are going to be $150m and likely will be higher for the 2 teams after this.
6) What once looked like a fair deal for Becks is now an incredible deal, getting a team for $25m while others will gave to spend
6 times as much.
7) So this makes me wonder.... why the owners are being so lenient with him and Miami? With so much money on the line and Becks first expiration date having passed, I am surprised the owners are not taking a more hard line case realizing that they are leaving up to $125m on the table.
I know many of the owners likely feel Becks was an important reason the league grew as well as it has the last 10 years but these rich guys love their money.
I can't figure this one out....