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Simons are almost definitely involved. Too much circumstantial evidence for them not to be at this point. Among other things, Pacers S&E exchanged equity for $500M right when this ownership group is reported to have begun conversations with the City. No coincidence that it’s the MLS entry fee.
Wow! The MLS model of business sounds like MLS is the only group or entity that makes any money. Total control of team and players with no real gamble. They must have learned from F1 how to dangle shiny objects in the eyes of the gullible.
Spot on, Kevin. I immediately thought of F1 when I read that about the MLS business model.
Same. Thoughts of F1 just after reading this.
Disagree. F1 is 10 independent teams that are working together to keep the value high by keeping out all potential competitors. They make lots of money (as do the American owners Liberty Media), but know they’d make less money if they split the pie with someone like … random example, Michael Andretti.
Which is why Andretti has finally been told “just buy an existing team”. If the MLS wanted to go the F1 route, they’d be telling Indianapolis to go poach another city’s team.
There isn’t a sports league around that lets you just start a team without paying a lot of money to the existing shareholders. If you wanted to start a 33rd NFL team, the fee to get in would be … close to eight figures, and that’s if the NFL allowed it?
joe b
MLS wants more teams, not that it will help in popularity of the game. They give away tickets to fill the indy 11 current stadium. This is a shiny object for tax payers supporting more housing and commercial development downtown.