• Loading stock data...
Tuesday, December 3, 2024

LAFC’s Historic Run: From MLS Cup Final Return to Billion-Dollar Valuation

  • MLS club looks to become league’s first repeat champion since 2012.
  • Season has included series of historic accomplishments.
MLS: MLS Cup Western Conference Final-Houston Dynamo FC at Los Angeles FC
Jayne Kamin-Oncea-USA TODAY Sports

In a 2023 MLS season dominated heavily by the exploits of Inter Miami’s Lionel Messi, LAFC is putting its own historic stamp on the league — and not just on the field. 

The defending league champions clinched a return trip to the MLS Cup Final, defeating the Houston Dynamo 2-0 on Saturday in the Western Conference Final. In seeking to become the league’s first repeat champion since the 2011-12 LA Galaxy, LAFC is extending what has already been a landmark season for the franchise.

In July, LAFC and the Galaxy set a single-game league attendance record, drawing 82,110 for an installment of the city’s famed El Tráfico rivalry. LAFC has now played in 52 matches this year, including competing in several non-MLS tournaments, a league record within a calendar year.

Set to face the Jimmy Haslam-owned Columbus Crew on Saturday, LAFC earlier this year became the first MLS club to reach a $1 billion valuation. The team secured a $100 million stadium naming rights deal with banking giant BMO. And the club is now reportedly in talks to acquire Switzerland’s Grasshopper Club Zurich in a bid to expand its portfolio into Europe.

The club’s prominent ownership includes Los Angeles Dodgers and Golden State Warriors co-owner Peter Guber, Basketball Hall of Famer Magic Johnson, former pro athletes Nomar Garciaparra and Mia Hamm Garciaparra, and actor Will Farrell, among others. Johnson was present at BMO Field for the conference title win.

Banner Year

LAFC’s accomplishments help cap off a season in which MLS set league records for both attendance and revenue.

This season also marked the debut of the league’s new rights deal with Apple, driving viewership numbers that Apple senior vice president Eddy Cue said “no one expected.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 1, 2024; Houston, Texas, USA; Houston Rockets guard Fred VanVleet (5) celebrates with center Alperen Sengun (28) after scoring during the second quarter against the Oklahoma City Thunder at Toyota Center.

Rockets Look Like Contenders, but Payroll Questions Loom

Houston is a half-game out of first in the Western Conference.

Premier League Fans Protest Soaring Ticket Prices Despite Financial Boom

Fan protests involve several of the top pro clubs in English soccer.
Oct 22, 2023; Tampa, Florida, USA; YouTuber Jimmy Donaldson MrBeast takes photos with fans before a game between the Atlanta Falcons and Tampa Bay Buccaneers at Raymond James Stadium.

Ronaldo, Brady Among Athletes Riding MrBeast’s YouTube Success

Jimmy Donaldson, known as MrBeast, has 334 million YouTube subscribers.
Oklahoma coach Brent Venables celebrates with fans after a college football game between the University of Oklahoma Sooners (OU) and the Alabama Crimson Tide at Gaylord Family - Oklahoma Memorial Stadium in Norman, Okla., Saturday, Nov. 23, 2024. Oklahoma won 24-3.

SEC’s $1.6M Field-Storming Fiasco: Fines Pile Up After Celebrations

There were eight field stormings in the SEC this fall.

Featured Today

Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
November 30, 2024

U.S. Investors Are Gunning for England’s Small Soccer Clubs

Is another Hollywood-like success story possible among the U.K.’s smallest clubs?
Nov 1, 2024; Boise, Idaho, USA; Boise State Broncos running back Ashton Jeanty (2) leads the team onto the field prior to the first quarter against the San Diego State Aztecs at Albertsons Stadium.
November 29, 2024

Schools Are Scrambling to Prepare for the NCAA Revenue-Sharing Era

In the post–House v. NCAA world, “everyone’s kind of on their own.”
Nov 4, 2024; Kansas City, Missouri, USA; Recording artist Taylor Swift arrives prior to a game between the Tampa Bay Buccaneers and the Kansas City Chiefs at GEHA Field at Arrowhead Stadium.
November 29, 2024

The PWHL Could Be Inviting a Date With Taylor Swift’s Legal Team

The Toronto Sceptres may have opened a Pandora’s box of trademark issues.

Red Bull Faces Driver, Financial Questions After Pérez’s Exit

Sergio Pérez is trailing Max Verstappen by 227 points in the championship.
Sep 25, 2011; Oakland, CA, USA; New York Jets owner Woody Johnson (center), coach Rex Ryan (left) and general manager Mike Tannenbaum on the sidelines before the game against the Oakland Raiders at O.co Coliseum.
November 25, 2024

Woody Johnson Brings in GM He Fired to Find Replacement for GM..

Mike Tannenbaum is the last Jets GM to guide them to the playoffs.
December 1, 2024

Dodgers All-In Approach Clear As They Add to Championship Core

The defending-champion Dodgers are not resting on their laurels, but wielding their financial might.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
Nov 24, 2024; Inglewood, California, USA; Los Angeles Rams wide receiver Puka Nacua (17) runs the ball against Philadelphia Eagles cornerback Cooper DeJean (33) cornerback Quinyon Mitchell (27) and defensive tackle Jalen Carter (98) during the second half at SoFi Stadium.
November 25, 2024

Eagles Selling Stakes That Value Team at Sky-High $8 Billion

Eagles owner Jeffrey Lurie had been exploring minority sales for months.
Indiana Fever guard Caitlin Clark (22) smiles while answering a question Tuesday, Sept. 17, 2024, after an Indiana Fever practice at Gainbridge Fieldhouse in Indianapolis.
November 22, 2024

Caitlin Clark a ‘Vital’ Part of Cincinnati NWSL Bid As League Expands

The WNBA superstar has joined an NWSL expansion bid in Cincinnati.
Sep 29, 2024; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis acknowledges a fan before the start of a game between the Raiders and the Cleveland Browns at Allegiant Stadium.
November 21, 2024

Mark Davis to Unload More of the Raiders

He’s agreed to give 15% to new owners, shortly after the Brady sale.
Aaron Rodgers
November 19, 2024

Jets Clean House With Only Aaron Rodgers Remaining

Joe Douglas’s firing wasn’t a surprise, but the timing was.