17 September 2008
Invest in MLS?
You'd be surprised to hear those words just a few weeks ago, but according to sources participating in a European Teleconference with Video, the calls to IPO for MLS are getting louder. Afterall, with billionaire backers, various stadia (for both soccer and non-soccer events), and having only lost several hundred millions of dollars in 12 years of existence, MLS is doing better than many firms on Wall Street. Various large investors are looking for a place to hide their money where it will not evaporate overnight, as has been the case with Lehmann Brothers, AIG, Bear Sterns, and many others. Sources claim that although this could infuse a large amount of capital into MLS, Supremo Don Garber is skeptical. "We need to make sure that investors are in line with our expectations. We don't want a large sum of money floating around the league that could potentially lead to higher salaries for players. If we can keep investors on hold until after the collective bargaining with the Players Extortionists, we'll make sure to look poor for the arbitrator and be able to continue paying players less per game than I make in an hour. In fact, this answer has earned me more than most developmental players make."