$410 million Las Vegas soccer stadium deal closer; next stop, Major League Soccer…

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The long rumored soccer stadium in Las Vegas looks to be back on the agenda.

On Wednesday NBC News 3 reported that a preliminary deal has been struck between The city of Las Vegas, The Cordish Companies and Findlay Sports & Entertainment for a $410 million downtown stadium in Sin City. The plan is to have an MLS team in downtown Las Vegas by 2017.

In that report the capacity of the stadium is said to be 24,000 and it will be specifically designed for a Major League Soccer franchise. However the Dan Patrick Show also revealed details about the potential stadium housing an NHL franchise, watch that above. The stadium is likely to be an indoor arena, due to the intense heat in Vegas throughout the summer, so having MLS and NHL teams share the venue isn’t the craziest idea we’ve ever heard.

After reports first surfaced about Las Vegas trying to house an expansion franchise many months ago, MLS certainly haven’t been shy when speaking about potentially having a team in Nevada.

[RELATED: MLS heading to Vegas?]

Back in May MLS Deputy Commissioner and President Mark Abbott spoke on the topic and confirmed the league have been in talks with the city about potential expansion. Here’s what Abbott said about Vegas’ MLS prospects.

“We recently met with Justin Findlay and Blake Cordish at the MLS League office in New York and were very impressed with their vision to pursue building a new soccer stadium and acquiring an MLS expansion club for Las Vegas,” Abbott said. “We look forward to continuing discussions as they work to further develop their plans with Mayor [Carolyn] Goodman and the City of Las Vegas.”

The stadium would be situated in the “Symphony Park area, north of the Smith Center for Performing Arts” and would become a multi-purpose arena for the many other events which take place in Las Vegas year-round.

Financially, according to this report, public funds would be used for 31 percent of the $300 million venue, which is expected to rise to $410 million, equating to $123 million of the tax-payers money. The Findlay-Cordish group was set up specifically to bring soccer to South Nevada and will foot all the bills for an MLS team and it is also worth noting that the stadium will not be built until Las Vegas is awarded an MLS franchise.

Cordish Companies is one of the largest real estate developers in the nation and their joint-proposal will be voted on by officials from the city of Las Vegas at their next meeting on Sept. 3.

It seems like having a pro soccer team in Sin City is edging closer to becoming a reality. Stay tuned.

Fulham owner withdraws offer to purchase Wembley Stadium

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Wembley Stadium is set to stay in the FA’s hands.

[READ: USMNT 1-1 Peru: Player Ratings]

The FA announced in a press release Wednesday that Fulham owner Shahid Kahn had withdrawn his offer of $790 million to purchase Wembley Stadium. Kahn first became interested in buying the stadium in February 2017, when he and FA CEO Martin Glenn met at the Superbowl. What followed was an informal offer to the FA Board of Directors before a formal offer was made.

The offer has been valued at anywhere from nearly $800 million to nearly $1.2 billion. In a statement, Kahn said that his goal to purchase the stadium was to provide the FA with a large amount of capital which it could use to improve grassroots soccer around the country.

“The intent of my efforts was, and is, to do right by everyone in a manner that strengthens the English game and brings people together, not divides them,” Khan said. “Unfortunately, given where we are today, I’ve concluded that the outcome of a vote next week would be far from sufficient in expressing the broad support favored by the FA chairman to sell Wembley Stadium.”

The FA council was set to vote on the sale next week.

Although it cost the FA and British government more than $1.4 billion (adjusted for inflation) to renovate and rebuild Wembley Stadium, the arena hosted 33 events between July 2016 and June 2017 and in its latest published financial records, the FA recorded an after-tax profit of $21 million. So it seems that along with the sponsorships and broadcast deals, Wembley Stadium is a money maker, which makes it important for the FA to hold on to.

That being said, it’s hard to turn down a deal worth close to $1 billion, even if that’s a lump sum and they won’t receive further investments from stadium revenues in the future. In the future, maybe Kahn or another owner may make another offer, one that the FA council could accept.

Report: La Liga chief going to court to compel U.S. based games to happen

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The head of La Liga is considering taking extraordinary action to ensure that a planned match this year in the U.S. goes off as expected.

[READ: What did we learn about the USMNT?]

According to Spanish radio station Cadena Cope, La Liga president Javier Tebas is set to bring a lawsuit against the Spanish Football Federation (RFEF) and its chief, Luis Rubiales to compel the federation to approve Barcelona’s match against Girona on January 26, which has been scheduled to be moved to Miami, Fla.’s Hard Rock Stadium.

In a way, it makes sense that Tebas and the Spanish league is considering every possible avenue to ensure that their 15-year marketing rights agreement with Relevant Sports, including league matches played abroad, can move forward as expected. However, it was clear after the announcement in August that all parties involved – especially La Liga, had not thought this through. FIFA, the RFEF, local fans and the Spanish league’s player’s union have all opposed the news, and on Wednesday Real Madrid formally sent a letter of it’s disapproval in moving La Liga matches abroad.

Tebas and La Liga would prefer for this to be resolved legally sooner rather than later, so they can market the Barcelona match in Miami and begin negotiating with the other federations that need to approve. But there’s a decent chance that the other parties – FIFA, and U.S. Soccer – could fail to rubber stamp what would be a first-of-its-kind event. In any case, watch this space.

What did we learn about USMNT during international break

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The U.S. Men’s National Team finished the October FIFA international slate with a somewhat demoralizing loss and an uplifting draw, if there is such a thing.

The young U.S. core continues to show flashes of great talent, but overall the team still seems to be stuttering along under caretaker manager Dave Sarachan, who just managed his 10th game and could likely finish out the calendar year as USMNT boss.

[ MORE: Premier League stats ]

Below is a look at the key takeaways from the USMNT’s October friendlies:


(more…)

Wenger: I want to return to management in January

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Arsene Wenger could be back to barking orders from the sideline once the calendar flips to 2019.

In an interview with German publication BILD, Wenger admitted that he’s received job offers all over the world and aims to return in January. Wenger hinted as well at his future, stating he was open to either international or club management.

Wenger has been without a job since parting ways with Arsenal at the end of last season, a second successive in which the club finished outside the top four.

Even with his disappointing end to life at Arsenal, it’s clear Wenger is still passionate and ready to coach again in the future. Come January, there will likely be a few Premier League openings as well as opportunities in other leagues (AC Milan? Bayern Munich? Real Madrid?). However, most of the domestic options would see Wenger take over a team likely in a relegation battle, something Wenger doesn’t really have experience with. In addition, outside of Mexico and U.S. Soccer’s ongoing coaching search, it’s unlikrly there will be a major national team opening come January.

Wenger previously said would make up his mind about his future in September, but since missing his deadline he’s continued to move the date back. Perhaps a year away will fully rejuvenate the wise manager.