MLS joins the billionaire club! LAFC becomes first United States soccer team worth 10 figures

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LAFC campeón conferencia 2022
Crédito: Getty
MLS outfit LAFC has become the first franchise in the division to be worth a billion dollars, just nine years after it joined the league.
  • LAFC becomes billion dollar franchise
  • Entered into MLS for $110m
  • Won their first MLS Cup last season

WHAT HAPPENED? Off the back of undoubtedly the club's finest hour in their short, nine-year history in Major League Soccer, Los Angeles FC had more reasons to celebrate as they were named the first billion-dollar franchise in the league by Forbes.

THE BIGGER PICTURE: The Bennett Rosenthal co-owned outfit joined the MLS nine years ago for an expansion fee of $110 million. Their valuation showed a steady increase with Forbes estimating LAFC's worth to be $475 million back in 2019. Meanwhile, their current valuation suggests they have more than doubled their worth in just over three years' time. The report also mentions that LAFC posted $8 million operating profit in revenue last year and that sum is only going to increase in 2023 as they secured a $100 million stadium naming rights deal with BMO for a 10-year period.

AND WHAT'S MORE: LA Galaxy are breathing down their necks as they have been ranked second with a valuation of $925 million, while Atlanta United stand third at $850 million. DC United, managed by Manchester United legend Wayne Rooney, is in fifth spot with a valuation of $700 million and David Beckham co-owned Inter-Miami ($600m) failed to breakthrough in the top 10 by a whisker as they have been ranked 11th behind Charlotte FC ($625m).

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IN TWO PHOTOS:

LAFC campeones MLS Cup 2022

LAFC, Campeón Conferencia Oeste 2022

WHAT NEXT? LAFC are busy preparing for the new MLS season and will return to competitive action on February 25 against LA Galaxy at the Rose Bowl.

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