Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

MLS add Minnesota as expansion team for 2018

Published 03/25/2015, 01:48 PM
Updated 03/25/2015, 01:51 PM
MLS add Minnesota as expansion team for 2018

By Simon Evans

(Reuters) - Minnesota United were introduced as the newest Major League Soccer team on Wednesday with plans to begin play in the rapidly growing league in 2018.

The club, which was founded in 2010 and currently plays in the second-tier North American Soccer League, was officially welcomed to MLS during a news conference attended by a rowdy group of United supporters.

"We have a plan here that we believe in," MLS Commissioner Don Garber said during a news conference at Target Field, home of Major League Baseball's Minnesota Twins. "A plan that we believe will take the sport to a higher level."

Coupled with already-announced expansion plans for Atlanta and the recreation of the team formerly known as Chivas USA in Los Angeles, Minnesota will be the 23rd franchise in MLS.

MLS grew to 20 clubs this season with Orlando City and New York City FC both joining the league.

Garber paid tribute to Minnesota's "rich tradition of supporting soccer at all levels" and the league's presentation included images from the 1970's when the Minnesota Kicks were part of the NASL.

Led by United owner Bill McGuire, a former chief executive of UnitedHealth Group (NYSE:UNH), the new MLS team's ownership group will also include Glen Taylor, the owner of the National Basketball Association's Minnesota Timberwolves and Jim Pohlad, owner of MLB's Minnesota Twins.

United's bid beat out competition from the National Football League's Minnesota Vikings, whose owner wanted a soccer team resident in their planned new stadium.

MLS were won over by United's plan to build an outdoor 'soccer-specific stadium' in downtown Minneapolis.

The proposed stadium would be close to Target Field, in the Farmers Market neighborhood, and the club hope to finalize plans for the venue by July.

"We obviously have a lot of big dreams and visions," said McGuire. "I thank Don and the other (team) owners for their faith and confidence in us and our community and recognition of the vitality of this community and what it stands for and what it will be in the future."

Miami is in line to become the 24th MLS franchise but the league is waiting to see if David Beckham, who is fronting that bid, can secure a suitable stadium site.

Until recently, MLS had said it would stop expanding for the foreseeable future once it reached 24 teams. But last week Garber said it will evaluate further expansion beyond 24 clubs.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.