Charlotte got an MLS team. Will be officially announced on December 17th here in Charlotte.

[1of10Charnatives]

17 hours ago, joeyxfresco said:

First step towards the new Panthers stadium. MLS frowns upon using outdated NFL stadiums for their clubs. Heard somewhere they might convert BoA to be an exclusive soccer stadium or using Charlotte FC as leverage towards getting a top of the line dual use stadium 

I don’t think a sports league that is barely making money if at all gets to be super picky about what stadiums their clubs play in.

[PghPanther]

America is a changing demographic.......and regardless of your opinion on it...........this is going to be a Brazil like demographic country in the next 20 years and so to the economy.

.......so how's American football doing in Brazil compared to soccer?

Tepper knows the future isn't in the NFL........add in that CTE stuff in there too and you've got a double whammy on top of the demographic change to figure out how to survive. 

BTW........Mecklenburg county leads the US in Hispanic born birth percentages these days........the writing is on the wall.....there are very few in the Hispanic community who are passionate for American football over soccer.......

[1of10Charnatives]

9 hours ago, ickmule said:

lol.  This’ll go over well.  Tepper should worry about making his NFL franchise a winner first.  

You guys keep saying this, so I'll keep repeating my response to this notion:

The ability to manage the details of multiple complex projects at once is definitely part of the required skill set of a successful hedge fund manager, and Tepper is one of the most successful ever. The notion that he can't do both things is based in your own understanding of what the AVERAGE person is capable of doing, not the guy who's a self made billionaire that is perfectly capable of BOTH managing his NFL team and acquiring an MLS franchise. For a guy like Tepper, being able to do both things isn't an either or proposition or even a "I have to do this thing before I can start on that thing" proposition.  There are only so many decisions you can make in a day regarding your NFL franchise. Once you have made them, right or wrong, there is still plenty of time in the day to do other things, because successful managing isn't looking over your employees shoulders at every moment and micro managing what they do. That's the Dan Snyder or Jerry Jones model.

And I say that as someone who has never followed MLS and can't say i'm super overjoyed we're getting a team. To me it's nice, and I might or might not wind up paying some amount of attention to it, but I'm not saying this because I want the MLS franchise, but just because the notion he can't do both things is rooted in a poor understanding of the abilities of someone at that level.

[ickmule]

14 minutes ago, 1of10Charnatives said:

You guys keep saying this, so I'll keep repeating my response to this notion:

The ability to manage the details of multiple complex projects at once is definitely part of the required skill set of a successful hedge fund manager, and Tepper is one of the most successful ever. The notion that he can't do both things is based in your own understanding of what the AVERAGE person is capable of doing, not the guy who's a self made billionaire that is perfectly capable of BOTH managing his NFL team and acquiring an MLS franchise. For a guy like Tepper, being able to do both things isn't an either or proposition or even a "I have to do this thing before I can start on that thing" proposition.  There are only so many decisions you can make in a day regarding your NFL franchise. Once you have made them, right or wrong, there is still plenty of time in the day to do other things, because successful managing isn't looking over your employees shoulders at every moment and micro managing what they do. That's the Dan Snyder or Jerry Jones model.

And I say that as someone who has never followed MLS and can't say i'm super overjoyed we're getting a team. To me it's nice, and I might or might not wind up paying some amount of attention to it, but I'm not saying this because I want the MLS franchise, but just because the notion he can't do both things is rooted in a poor understanding of the abilities of someone at that level.

Won’t argue your points, will only say time will tell.  

[joeyxfresco]

3 hours ago, 1of10Charnatives said:

I don’t think a sports league that is barely making money if at all gets to be super picky about what stadiums their clubs play in.

Well they do and that’s why there’s a bid from different cities for the 30th team. One of the reasons Austin and Atlanta got a team was because they were building new stadiums. Atlanta got a state of the art stadium that can host premier soccer events and Austin is building a new stadium right in the middle of their bubbling uptown area. MLS made Atlanta a poo ton of money last year in their first year in the league and Austin is raving about the new team who hasn’t even broke ground on the new stadium and has 3 shirts on the online shop. There’s a bunch of money to be made with MLS if handled correctly. You also have to look at Teppers stance in this as an investor. Tepper didn’t make Appaloosa Management one of the biggest hedge fund portfolios by taking positions in blue chip stocks and Government bonds. He took huge risks on upcoming markets. There’s an added benefit that Charlotte wants an MLS team and he can hide behind the MLS to get another stadium built. 

[Monday Night Shyamalan]

5 hours ago, 1of10Charnatives said:

I don’t think a sports league that is barely making money if at all gets to be super picky about what stadiums their clubs play in.

This couldn't be more wrong. I don't think people understand how quickly the MLS is growing in America. In the past ten years MLS franchises have seen their values skyrocket. Tepper is a businessman, and investing in a surging MLS market will produce nothing but $$$. Here's a small article on current valuations.

https://www.mlssoccer.com/post/2019/11/04/atlanta-united-retain-top-spot-forbes-annual-mls-team-valuations

[1of10Charnatives]

3 minutes ago, Monday Night Shyamalan said:

This couldn't be more wrong. I don't think people understand how quickly the MLS is growing in America. In the past ten years MLS franchises have seen their values skyrocket. Tepper is a businessman, and investing in a surging MLS market will produce nothing but $$$. Here's a small article on current valuations.

https://www.mlssoccer.com/post/2019/11/04/atlanta-united-retain-top-spot-forbes-annual-mls-team-valuations

So my premise is that MLS would need leverage in order to be picky about stadiums. I admit that MLS is not something that I follow closely so my casual observation was that lack of profitability implied to me a lack of leverage.

If I understand you correctly, your counterpoint is that profitability isn’t there yet but things are trending in the right direction and thus team valuations are growing rapidly and this is what is providing the necessary leverage to be allow pickiness about stadiums?

If I’m following you that seems like a reasonable explanation and would also further explain why a shrewd businessman like Tepper would be eager to invest in MLS.

Thanks for the insight.

[NAS]

1 hour ago, 1of10Charnatives said:

So my premise is that MLS would need leverage in order to be picky about stadiums. I admit that MLS is not something that I follow closely so my casual observation was that lack of profitability implied to me a lack of leverage.

If I understand you correctly, your counterpoint is that profitability isn’t there yet but things are trending in the right direction and thus team valuations are growing rapidly and this is what is providing the necessary leverage to be allow pickiness about stadiums?

If I’m following you that seems like a reasonable explanation and would also further explain why a shrewd businessman like Tepper would be eager to invest in MLS.

Thanks for the insight.

They do have leverage.  Cities and owners are  competing to get a franchise and are willing to do anything for it.  We're really lucky that David is an accomplished businessman and able to secure  a franchise in this city.  

[Monday Night Shyamalan]

On 12/6/2019 at 9:59 AM, 1of10Charnatives said:

So my premise is that MLS would need leverage in order to be picky about stadiums. I admit that MLS is not something that I follow closely so my casual observation was that lack of profitability implied to me a lack of leverage.

If I understand you correctly, your counterpoint is that profitability isn’t there yet but things are trending in the right direction and thus team valuations are growing rapidly and this is what is providing the necessary leverage to be allow pickiness about stadiums?

If I’m following you that seems like a reasonable explanation and would also further explain why a shrewd businessman like Tepper would be eager to invest in MLS.

Thanks for the insight.

For the most part this is correct, but as @NAS mentioned, MLS already has a lot of leverage and cities/owners will currently do anything to win a franchise in on a growing sport and surging market. It's not quite there yet, but if I had the resources it's a no-brainer.