MLS in Cincinnati
- August 13, 2015 1:25 pm at 1:25 pm #1088894
Lindner explains why he bought a pro soccer franchise
Aug 12, 2015, 3:02pm EDT
Steve Watkins – Staff Reporter – Cincinnati Business Courier
Carl Lindner III has spent his entire career in the insurance and finance business. He grew up watching his dad run American Financial Group (NYSE: AFG), and he and his brother Craig have run the company for nearly two decades.
So what got Lindner into the business of owning the first high-level outdoor professional soccer franchise in Cincinnati?
READ MORE: http://www.bizjournals.com/cincinnati/news/2015/08/12/lindner-explains-why-he-bought-a-pro-soccer.htmlAugust 13, 2015 1:49 pm at 1:49 pm #1088901
The team will be in the United Soccer League. The owner hopes to eventually make it into the MLS.August 13, 2015 1:59 pm at 1:59 pm #1088907
Right. The thread title is pretty inaccurate. Nice that they’d like to be in MLS someday. I wouldn’t hold my breath.August 13, 2015 2:25 pm at 2:25 pm #1088922
Right. The thread title is pretty inaccurate. Nice that they’d like to be in MLS someday. I wouldn’t hold my breath.
It’s a discussion topic for discussion. The owner is discussing it. We can discuss it too.August 13, 2015 4:30 pm at 4:30 pm #1088949
It’s not the least bit crazy to think that they could move up the MLS. If they get decent attendance numbers and community buy-in why would the MLS wave off an overture from the group. They’ve a got an upgraded stadium at UC. I definitely wouldn’t poo-poo their plan. There are a few entities that have purchased lower league teams in European leagues and are gradually moving them up. Much cheaper than buying a top-tier team.August 13, 2015 5:13 pm at 5:13 pm #1088952
Yeah, but, they’re in the third tier league. They haven’t played a game yet. There’s a lot of other teams in the NASL and USL that would love to do the same thing, and are actually already out there playing games and drawing fans.
The new NY team just paid a $100mm expansion fee. There is no way MLS would let in another team, diluting everyone’s cut, without another hefty expansion fee. I think the article said FC Cincinnati paid a $2mm expansion fee to enter the USL. Linder will need to find a lot of wealthy friends to make up the gap. The European model of buying a cheap lower level team and moving it up really only works in a promotion relegation system.
I also think the UC stadium thing is being oversold. That stadium holds like 40k. USL teams draw like 10% of that on a good day. It sucks watching games in stadiums that are way to big. Not as bad as when the Crew was in Ohio Stadium, but still.
So is it possible? Sure, anything is possible. But not at all likely in the foreseeable future.
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