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St. Louis is Next Up for New Soccer Team
| St. Louis is Next Up for New Soccer Team |
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Tom Timmermann Back in the Midwest, Cooper said he was making progress on that issue and that in about a month he hopes to announce new members of his ownership group — investors that should bring his bid to the financial levels MLS is seeking. "This puts us in line to be at the head of the class," he said. "This is our moment in the sun, and we're ready to make our case. I think we have a three-, four-, five-month window in which to do that, without a credible bid from another city. The finish line is in sight, and I feel good about it." The league plans to expand to 18 teams and then stop for a while, and Garber said there was no definite timeline for when the next two teams would be added. No other city is close to being as far along in the expansion process as St. Louis. Miami has plans for a soccer-specific stadium to be built on the site of the Orange Bowl, but there is no ownership group in place, and a provision in the city's stadium plan says that construction would have to be done at the same time as the Florida Marlins' new baseball stadium, which severely shortens the time frame for an ownership group to come forward. The league has wanted a team in Philadelphia, the nation's fourth largest television market, since its inception, but the city lacked an ownership group and a facility. Finally, a group headed by Jay Sugarman, chairman and CEO of iStar Financial, struck a deal to build a $500 million entertainment, retail, residential and business-development complex on the waterfront of Chester, a community that has seen better days. |



