MLS to unveil new team | The Express Tribune
[ad_1]
MIAMI: Major League Soccer will announce a new team in San Diego on Thursday after British-Egyptian billionaire Mohamed Mansour paid a record expansion fee of around $500 million, a person with knowledge of the plans has told AFP. The 30th club in MLS will play at the recently built 35,000 capacity Snapdragon Stadium, home to the San Diego Aztecs college football team and the San Diego Wave, the National Womens Soccer League franchise. The previous record fee paid for entering MLS was the $325 million committed by Charlotte FC in 2019. The original entry fee to MLS, for its first season in 1996, was $5 million. The value of MLS teams has increased significantly in recent years. When Orlando City joined the league in 2015 their owners paid $70 million while Los Angeles FC's owners forked out $110 million five years ago. The new San Diego team, whose name has yet to be revealed, is earmarked to start play in the league 2025 and will be the fourth MLS team in Calif...