• Loading stock data...
Thursday, May 16, 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

The WNBA Was Forged in Houston. Why Won’t It Go Back There?

Houston’s a perfect fit for expansion. The league isn’t considering it yet.

The In-Season Tournament Trend: NASCAR Latest League to Create One

The 2025 schedule will feature a five-race knockout bracket.
May 9, 2024; Indianapolis, IN, USA; Indiana Fever guard Caitlin Clark (22) stands with the team during the national anthem on Thursday, May 9, 2024, during the preseason game against the Atlanta Dream at Gainbridge Fieldhouse in Indianapolis.

‘Perfect Storm’: The Rise of Local WNBA Broadcast Pacts

With national attention reaching new heights, regional coverage could dictate the future.
Mar 29, 2023; New York, New York, USA; American actors and comedians Chris Rock (left) and Ben Stiller sit court side during the third quarter between the New York Knicks and the Miami Heat at Madison Square Garden.

The Haves and Have-Nots: How the Knicks’ Celebrity Row Works

Unwritten rules, an expectation of quid pro quo, and nothing is free.
podcast thumbnail mobile
Front Office Sports Today

Fractured Golf World Unites at PGA Championship

0:00

Featured Today

May 6, 2023; Miami Gardens, Florida, USA; Red Bull driver Max Verstappen (1) of the Netherlands walks through the garage area following qualifying for the Miami Grand Prix at Miami International Autodrome.

Max Verstappen Is Unstoppable. Is That Hurting F1 With New American Fans?

Formula One could be facing an inevitable plateau in the United States.
Apr 17, 2024; Tempe, Arizona, USA; Arizona Coyotes left wing Lawson Crouse (67) celebrates after scoring a goal during the third period against the Edmonton Oilers at Mullett Arena.
May 4, 2024

Everything to Know About the Coyotes’ Second Chance at NHL Life

The clock is ticking in order to restart a Phoenix expansion team.
April 28, 2024

Just Like We Drew It Up? Stadium Renderings Can Excite, Confound, and Anger

During a historic wave of development, drawings wield more power than ever.
The scene in the green room behind the NFL Draft Theater in Detroit on Tuesday, April 23, 2024. Thirteen college players who will be picked in the first round will be waiting in this large room with friends, family, agents and college coaches on Thursday night.
April 27, 2024

More NFL Draft Prospects Are Staying Home, and TV Networks Are Adjusting

Whether making or missing out on millions, more prospects are staying home.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
FanDuel
Multiple - USA Careers

PGA Championship Setting Revenue Records, but LIV Drama Still Looms

The PGA Championship tees off Thursday morning at Valhalla Golf Club.
May 15, 2024

NFL Signs Three-Year Christmas Day Deal With Netflix

The streamer will show two holiday games in 2024 and one apiece in ’25 and ’26.
May 15, 2024

Caitlin Clark Debuts With WNBA’s Most-Watched Game in Decades

The game averaged 2.12 million viewers, the WNBA’s highest since 2001.
Sponsored

Major League Rugby’s Vision for American Rugby

How Major League Rugby is leading the Rugby renaissance in the U.S.
Kendall Coyne Schofield
May 14, 2024

PWHL Playoffs Experience Surge in Attendance. Is Expansion Coming?

The first five games of the postseason drew nearly 40,000.
May 14, 2024

Architect of LIV Golf Deal Departs the PGA Tour. What Happens Next?

PGA Tour policy board member Jimmy Dunne has resigned.
May 14, 2024

Caitlin Clark’s WNBA Debut Marks the Start of a New Era for Women’s Basketball

A Clark-fueled business boom comes at the perfect time for the WNBA.
May 14, 2024

WNBA’s Transition to Charter Flights Has Bumpy Takeoff

The league announced a week ago it would start chartering flights for the 2024 season.