Orlando City SC Close To Being Sold For About $400 Million [Forbes]
John Wiley & Sons, Inc. (JW.A)
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Source: Forbes
Orlando City forward Chris Mueller (9) celebrates his goal during the MLS soccer match between the... [+]Orlando City SC and New York City FC on October 14th, 2020 at Explorer Stadium in Orlando, FL. (Photo by Andrew Bershaw/Icon Sportswire via Getty Images)Major League Soccer’s Orlando City SC, which played its first season in Major League Soccer in 2015, is on the verge of being sold for about $400 million, according to a source with knowledge of the transaction.If the sale goes through it would represent a windfall for owner Flávio Augusto da Silva, who paid a$70 million expansion feevaluedThe most recent MLS expansion team, in Charlotte, went to Carolina Panthers owner David Tepper for areported $325Recommended For YouSports Journalbroke the news1 billion loss in revenuesMLS has a paltry national television deals and its teams get the bulk of their revenue from hosting games—tickets, concession, stadium advertising. MLS owners are makingless than $3 million a yearlooking into bun
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