Thursday September 28, 2023

LAFC Wants More Money, Fewer Owners

  • LAFC reportedly had around 30 investors at the beginning of 2022.
  • LAFC is reportedly raising funding at a valuation of nearly $900 million.
Kirby Lee-USA TODAY Sports
Front Office Sports Today

Bucks Go All-In on Giannis Era

The Milwaukee Bucks altered the NBA by swinging a deal for Damian Lillard.
Listen Now
September 28, 2023 | Podcast
Copy Link
Link Copied
Link Copied

Major League Soccer’s Los Angeles FC is condensing its ownership and looking for more money.

The team, which had around 30 investors at the beginning of 2022, spent a chunk of the past season buying out more than a half-dozen minority owners, according to Sportico.

  • Mandalay Entertainment vice chairman Paul Schaeffer, Universal Tennis chairman Mark Leschly, and Golden State Warriors executive Kirk Lacob are reportedly among the owners who sold their stakes.
  • Ares Management co-founder Bennett Rosenthal recently took over as the team’s official governor for the next four years, replacing Apollo Global Management senior partner Larry Berg. 
  • The pair are managing owners with Riot Games co-founder Brandon Beck.

LAFC is also reportedly raising funding at a valuation of nearly $900 million, making it the most valuable MLS franchise.

Rosenthal said he plans to prioritize international opportunities, and that the team is “putting the finishing touches” on a new stadium rights partnership for its $350 million venue. 

In 2020, former stadium rights partner Banc of California paid a $20.1 million fee to end its naming rights deal 12 years early.

Valuation Station

LAFC’s neighbors are also aiming for a lofty valuation.

Julie Uhrman, president of the NWSL’s Angel City FC, recently told The Athletic, “we’re going to be the first women’s team to have a billion-dollar valuation in five years.”

Copy Link
Link Copied
Link Copied

What to Read

Lillard And Giannis Pairing Could Be Big For The NBA, Too

Bucks to be featured on national TV 19 times this season

NHL Backs Unified Women’s League, Though Without Money

Leagues working together on numerous operational components

AAC Commissioner Open To CFP Format Change, Just Not Yet

Mike Aresco is not ready to vote for CFP structure changes.

Will Sports Benefit From New Streaming Alliance?

Advocacy group involves many of sports streaming's largest players
podcast thumbnail mobile
Front Office Sports Today

Bucks Go All-In on Giannis Era


Featured Today


BioSteel Bankruptcy Shows Perils of Costly Sports Partnerships

BioSteel spent heavily on partnerships deals before bankruptcy.
Taylor Swift at Chiefs vs. Bears game.
September 27, 2023

Taylor Swift NFL Hype Likely To Continue Another Week

Swift could drive blockbuster TV ratings for NBC's "Sunday Night Football."
September 27, 2023

Magic Johnson Open To Knicks Minority Ownership Stake

Basketball Hall of Famer only interested in specific NBA franchise
Golden State Warriors majority owner Joe Lacob walks alone the baseline during the third quarter against the Los Angeles Clippers at Chase Center.
September 27, 2023

Warriors Owner Reportedly Adding A Bay Area WNBA Franchise

An official announcement could come as soon as early October.


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

French Soccer Club Lyon Seeking $300M Capital Raise

The club was sold for a record price last French year.
Golden State Warriors GM Mike Dunleavy Jr. recognizes the impact the NBA’s new second tax apron rule could have on his organization.
September 27, 2023

Warriors GM Feels ‘Targeted’ With NBA’s New Tax, Rest Rules

"They're making rules to prevent you from succeeding,” Mike Dunleavy said.
September 26, 2023

Fire Owner Mansueto Bets On Messi To Elevate His Own Team

MLS team owner plans series of promotions, game enhancements
A Chicago Bears helmet.
September 26, 2023

Arlington Heights Looks To Break Stadium Logjam With Bears

Village board cites striking Bears deal as its top priority
A view of a Manchester United badge on the corner flag.
September 26, 2023

Ratcliffe Reworking Bid To Buy Manchester United

It is still unclear whether the Glazers will sell the club.
September 26, 2023

Sounders Eye Leaving Lumen Field For Soccer-Specific Stadium

MLS club considers further development at forthcoming training complex
September 25, 2023

Commanders Still Face Legal Fight Over Former Name

Team, owner accused by non-profit of defamatory conduct
September 25, 2023

Oakland-MLB Relationship Devolves Into Next-Level Toxicity

Commissioner, mayor have very different accounts of July meeting