• Loading stock data...
Tuesday, June 25, 2024
Meet the Rising 25 Class of 2024!

LAFC Becomes First $1B MLS Club

  • Average MLS team valuations have risen 85% from $313M to $579M since 2019.
  • LAFC turned an estimated $8 million operating profit from a league-high $116 million in revenue last season.
Jayne Kamin-Oncea-USA TODAY Sports

Major League Soccer’s reigning champion has helped the league reach a major milestone as it continues to grow its presence.

Los Angeles FC has been valued at $1 billion in Forbes’ latest valuation of MLS clubs — making it the first franchise in league history to reach the billion-dollar plateau.

LAFC has sold out every regular-season and playoff match since bursting onto the MLS scene in 2018 — one of the factors in its estimated $8 million operating profit from a league-high $116 million in revenue last season.

The club is set to add to those profits when BMO takes over stadium naming rights on a 10-year, $100 million deal.

Since 2019 — the last time that Forbes created this list — average MLS team valuations rose 85% from $313 million to $579 million. Besides LAFC, three teams are worth $800 million or more.

  • LA Galaxy — $925M
  • Atlanta United FC — $850M
  • New York City FC — $800M

Of the league’s 10 oldest franchises, only three — LA Galaxy (second), D.C. United (fifth), and Sporting Kansas City (12th) — crack the top half of the list.

LAFC

LAFC Wants More Money, Fewer Owners

LAFC reportedly had around 30 investors at the beginning of 2022.
January 12, 2023

Going Up-Stream

MLS is set to embark on a grand experiment this year when Apple TV+ takes over the league’s media rights in the first season of a historic 10-year, $2.5 billion deal.

The tech giant will charge $99 per season — or $79 for existing Apple TV+ subscribers — for MLS Season Pass, which will feature every match of the season with no blackouts.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Bay FC GM Abruptly Departs Halfway Through Team’s First Season

The NWSL expansion team is 14 matches into its inaugural campaign.

High Ticket Prices, Half-Empty NFL Stadiums at Copa América

Ecuador-Venezuela drew under 30K. Fans are blaming high ticket prices.
podcast thumbnail mobile
Front Office Sports Today

How the American Soccer Fan is Unlike Any Other Sports Fans

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Stanley Cup Final: An Unlikely Game 7 Is Set to Cap the NHL’s Best Season

The Oilers are attempting to complete a comeback done just once in a Stanley Cup Final.
June 20, 2024

Why Michael Johnson’s $30 Million Track League Won’t Have Any Safety Pins

The league also won’t have field events at all.
June 21, 2024

Clark vs. Reese: Priciest WNBA Game Set for Record-Breaking Viewership

Ticket pricing has already set a league record, while viewership expectations are lofty.
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 20, 2024

Women’s PGA Championship Tees Off With a Big Investment, Record Purse

The Women’s PGA Championship teed off Thursday.
June 20, 2024

MLB’s Rickwood Game Plans Change Significantly After Passing of Mays

The special-event game at the historic Negro League park follows the death of the iconic Willie Mays.
June 19, 2024

U.S. Hosts Copa América: A Milestone in Soccer’s Oldest Tournament

The U.S. hosting of the tournament follows a larger partnership between two major soccer federations.
June 18, 2024

Caitlin Clark Continues to be Enormous Box Office for the WNBA

Sunday’s Fever-Sky game was the most-watched WNBA broadcast in 23 years.