• Loading stock data...
Thursday, December 12, 2024

MLS Cup Final Features Star-Studded Ownership Groups

  • The Major League Soccer final will be a clash of star owners.
  • Fans will not be able to park at Banc of California Stadium due to prior arrangements for a USC game.
MLS-Cup-Trophy
Kirby Lee-USA TODAY Sports

On Saturday, Brooklyn Nets star Kevin Durant will be pitted against his team’s owner, Joseph Tsai, in the Major League Soccer Cup final.

The Philadelphia Union, part-owned by Durant, will take on Los Angeles FC, whose star-studded ownership group includes Tsai.

  • Durant bought 5% of the team with an option to double his stake at a valuation above $325 million, according to team majority owner Jay Sugarman.
  • LAFC’s managing owners are Riot Games co-founder Brandon Beck, Apollo Global Management senior partner Larry Berg, and Ares Management co-founder Bennett Rosenthal.
  • The team’s stakeholders also include Earvin “Magic” Johnson, Mia Hamm Garciaparra, Nomar Garciaparra, Will Ferrell, and many others with ties to the Los Angeles Dodgers, Golden State Warriors, and private equity firms.

The game will take place at LAFC’s $350 million Banc of California Stadium, which opened in 2018. The facility will soon need a new name: Banc of California reportedly paid $20 million to shorten its $100 million, 15-year naming rights deal signed in 2016.

Parking Prohibited

LAFC fans attending the game will face a unique situation: Parking at the stadium is prohibited because the lot is reserved for the Cal-USC football game at the neighboring Los Angeles Memorial Coliseum.

The team will run shuttles from Dodgers Stadium to the 22,000-capacity Banc of California Stadium.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 9, 2023; Las Vegas, Nevada, USA; Los Angeles Lakers forward LeBron James (23) hoists the NBA Cup and celebrates with teammates after winning the NBA In-Season Tournament Championship game against the Indiana Pacers at T-Mobile Arena.

NBA Cup Year 2: Tweaks, Schedule Concerns, and Growing Pains

While Vegas has been the event’s location for the last two years, that could change because the NBA may add an expansion team in Sin City.

Mets: Not Concerned About Lower-Revenue Clubs After Soto Signing

The club dismisses concerns about fundamentally resetting the sport’s salary scale.
Dec 12, 2024; Chapel Hill, NC, USA; North Carolina Tar Heels new head coach Bill Belichick speaks to those attending his hiring announcement at Loudermilk Center for Excellence.

UNC Job Brings an End to Belichick’s Short-Lived Media Career

Bill Belichick had six media jobs this football season.

Bill Belichick to Take College Plunge at North Carolina

UNC made the official announcement late Wednesday.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
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.
December 2, 2024

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

Resentment and frustration over expanded schedules is nearing a breaking point.
Nov 17, 2024; Chicago, Illinois, USA; Former quarterback and current NFL announcer Tom Brady looks on before the game between the Chicago Bears and Green Bay Packers at Soldier Field.

Tom Brady to Have ‘Huge’ Impact on Raiders, Says Mark Davis

“His role is undefined right now,” Davis said of Brady.
December 10, 2024

More to A’s Offseason Spending Plans Than Meets the Eye

Revenue-sharing guidelines are helping fuel the increased spending.
Tilman Fertitta
December 11, 2024

Rockets Owner Tilman Fertitta in Line for Trump Appointment, Wants to Buy..

Fertitta had given hundreds of thousands of dollars to Trump.
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.
Joe Tsai
December 10, 2024

NFL Owners Set to Vote on Dolphins, Bills Stakes for Tsai, Carter,..

The deals are likely to be approved at the owners meetings in Dallas.
December 9, 2024

As Wizards Hit Historic Low, Leonsis Calls Season ‘Very Productive’

They’re on pace for one of the worst records in NBA history.
December 9, 2024

Have Mets Upended New York’s Baseball Hierarchy With Soto Deal?

The National League team sheds its image as an often-lovable underdog.
December 9, 2024

McLaren F1 Team Nearly Folded in 2020. An American Exec Just Led..

An investment from MSP Sports Capital in 2020 saved McLaren.