I really have no idea what many of these prospective owners are bidding for. The public/private money has dried up. Bank financing, with the exception of the top teams in UK and Spain have dried up. Many of these investors would be better served to purchase an existing club in the Championship or 1st Division in the UK Coca Cola League which is cheaper and a far better brand of football.

When putting in expansion money into the MLS, all you're buying is air.
Joe @ Dornoch Capital | Homepage | 01.06.09 - 12:24 pm | #

It's better for Chester and the investor that this deal dies now in this environment. The economics for MLS don't work from my standpoint.
Joe @ Dornoch Capital | Homepage | 01.07.09 - 9:10 am | #

MLS economics only work if the current wage structure is maintained, something which I don't think is possible for very long going forward. You cannot continue to call yourself a major sport and pay players $16,000 a year; your salaries can't vary on one team from $16,000 to $500,000 without causing locker room problems.
sportsbiz | Homepage | 01.09.09 - 8:52 am | #