American investor DaGrosa eyes Premier League club

Joseph DaGrosa
Photo by Romain Perrocheau/AFP/Getty Images
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American investor Joseph DaGrosa is well-positioned for his next investment in football, and he’s thinking very big.

DaGrosa exited Ligue 1 outfit Bordeaux and says he passed on buying Newcastle in recent months, also making a pair of big real estate moves just before the pandemic hit.

Had he purchased Newcastle or stayed with Bordeaux, he’d be amongst the many European club owners weathering a terrible climate while waiting out a pandemic.

Instead, DaGrosa sees an opportunity to build around a massive club in the Premier League or La Liga. He’s made his money in turning around companies, and believes that wisdom can be applied here on a broad scale.

“In this environment, given what’s going on with the coronavirus pandemic, we believe there’s an opportunity to recreate City Football Group at a fraction of the cost,” DaGrosa told ProSoccerTalk this week. “Club valuations are already coming down. In many cases, clubs are going to be effectively taken over by their lenders. There’s going to be some great opportunities in the next 12 months, and great opportunities to get world-class players at a fraction of the cost. This is the time to capitalize it.”

Here’s how it would work for his project, which he’s calling Kapital Football Group, “a new soccer platform holding company, to acquire controlling and influential minority stakes in world-class football clubs and academies at deep valuation discounts.”

DaGrosa aims to buy “an anchor club, most likely in the Premier League,” and then invest in three to five satellite clubs in Europe and South America. He’d also invest in nine academies, three in Asia, three in Africa, and three between North and South America. He didn’t rule out investing in MLS if the valuation proves fruitful, but DaGrosa is also “taking a real hard look” at USL clubs.

“If we can put that together we’ll have a formidable group that can rival City Football Group,” he said.

The CEO and co-founder of GACP Sports, DaGrosa starting eyeballing clubs, including Spanish outfit Getafe a couple of years ago. That didn’t work out during the due diligence stage, which led him to Bordeaux.

He calls running the Ligue 1 club “a fantastic learning experience for the world of European football.”

“Today we have a better appreciation for the importance of legacy of the clubs as well as the importance of the fans contributing to that success,” he said. “And thanks to that experience, we now look for those same qualities in the clubs we are looking to acquire next.”

A rumored 2019 deal to buy Newcastle didn’t work out, but DaGrosa is still laser-focused on making his impact on the global game.

What kind of club is he eyeing? Is it strictly about the best bang for his buck, or does the appeal and history of the club carry significant weight?

“Legacy is a big part out of it,” he said. “I’m even more sensitive today given our experience at Bordeaux. We always understood the legacy and passion of the fans, but all clubs have a special place in the history of the cities and communities in which they are located. In some cases, they are the lifeblood. In the U.S. you think of the Green Bay Packers. I have a much better appreciation for legacy in the history of the clubs we are looking to require, particularly in the Premier League. It’s less important in the U.S. where you don’t have multi-generational ties to one club, but it’s still important.”

[ VIDEO: Premier League highlights ] 

There’s keen interest in the United States, as DaGrosa stresses what many investors have noted: The 2026 World Cup is going to drive interest in the potential of this country both here and abroad.

We asked DaGrosa why, given that, he wouldn’t dive into Major League Soccer? He’s not ruling it out, but expressed concerns with the franchise fees and revenues in the short-term. Building a club here takes a lot more investment, risk, and patience than, say, a century-old club that holds sway in its region.

“You can build a club (in MLS) that’s going to cost 500 or 600 million bucks,” he said. “At the end of the day, you’re paying 10 times revenues. Or you can buy a club like Bordeaux established in 1881 that has a remarkable history, pedigree, and is a brand known around the world, for 1.6 times revenue. When you look at the metrics it’s hard, not impossible to make a compelling case for MLS over the short-term. If you have a lot of staying power, there’s money to be made but clubs in general are going to trade as a function of their broadcasting rights revenue, and we’re just not seeing that in the U.S. at a rate required to justify the valuation.”

DaGrosa believes in the American soccer market and says the system is on the verge of becoming an elite talent exporter, comparing its potential to that of a current font further south.

“Other markets are going to open up,” he said. “Most of the great clubs in Brazil were insolvent before the effects of the coronavirus. There’s a movement to privatize clubs and we feel there’s going to be an opportunity to get the really top names in Brazil. Those satellite clubs are designed to be good investments in their own right but the name of the game is to secure world class players and Brazil is one of those markets that can immediately supply world class players. The U.S. is a market that can do that in five to seven years.”

DaGrosa’s interest in the Premier League is deep-seated, and has only grown given his expectations for how well the league is equipped to deal with the COVID-19 pandemic.

“The PL will emerge as the strongest league and there may be some good deals to be had,” he said. “There are going to be financially distressed owners throughout football globally. There will be some lenders that are going to be scared to death who’d love to create a win-win with someone with capital. If the market is down 20-30 percent, segments of the public market that will be down 30-40 percent, football could be down 50-75 percent. It’s a great time to buy with dry powder so after the acquisitions you can build up a world-class team at a fraction of what it would otherwise cost. In our discussion with investors, we can essentially buy today and invest 25-40 cents on the dollar relative to what we would’ve paid six months ago.”

That’s when he was in “mid-to-late stage discussions” with Newcastle United owner Mike Ashley and his partners about the northeast outfit.

DaGrosa insists that Ashley was “first-class” in negotiations despite many reports about his combustible nature.

“It’s unfortunate in one respect that the deal didn’t go forward,” he said. “With a guy like Mike Ashley you might get punched in the face but you’ll never get knifed in the back. At the time it was disappointing the deal didn’t go forward. It was on our side that a major backer pulled out at the last minute but hindsight is 20-20. Better to be lucky than smart because we probably dodged a short-term bullet.”

Now that twist of fate and timing may launch a wildly ambitious project in the next 12 months.

USMNT reportedly opens contract talks with Gregg Berhalter; Good or bad idea?

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Gregg Berhalter may be sticking around the United States men’s national team program, giving the USMNT coaching continuity as it moves from 2022 World Cup Round of 16 member to 2026 World Cup co-host.

ESPN’s Jeff Carlisle says that Berhalter is beginning contract discussions with the United States Soccer Federation but also interested in taking a job in Europe with his profile having risen alongside the USMNT at the World Cup.

Berhalter’s current contract ends at the end of the calendar year, and the Yanks have scheduled a domestic camp in January and friendlies against Serbia and Colombia.

[ MORE: USMNT transfer rumors for Musah, Dest ]

Berhalter has done some good things for the program, most notably winning the CONCACAF Nations League and Gold Cup with two different groups. He also straightened out the defending, for the most part, and got out of the World Cup group.

Berhalter successfully recruited Sergino Dest and Yunus Musah, two of the program’s stars at the World Cup. He also convinced Malik Tillman, Gaga Slonina, and Jesus Ferreira that the U.S. was the right place for their national team futures.

He also, subjectively, was slow if not downright stubborn in acquiesing to certain points-of-view that made the team better. From Tyler Adams as a right back at the outset of his tenure to saying Tim Ream didn’t fit how he wanted to play about a month before the World Cup… then playing him every minute of the tournament.

But for the most part when lessons were learned, they stayed learned.

Should Gregg Berhalter continue as USMNT boss?

Let’s start here, because it’s necessary: It’s clear that Berhalter cared about his players and the project, whether you like the way he operated or not. This wasn’t a half-assed operation, but one with passion.

So does he still have that passion? Only he can answer that, and if he’d like to get more matchdays in his life then maybe he does want to go back to the club game.

And frankly, that’s fine either way, because his four years with the program were neither amazing nor pitiful. They can be described as anything from a slight disappointment to a minor success, depending on your perspective and expectations.

If you believe that picking up the pieces from the absolute travesty that was failing to qualify for the World Cup from the richest nation and one of the two most talented nations amongst CONCACAF men’s programs was really hard, then you think Berhalter getting the men to the 2022 World Cup and surviving the group with a young group was a solid step in the right direction and a minor success.

If you believe that the American soccer climate is such that you should always make the World Cup out of one of the world’s lesser confederations and that the Yanks progressed as the second team of a group in which they were the second-ranked team according to FIFA and Elo Ratings, well, you can have a different standard.

The Yanks will never again fail to qualify for the World Cup given the expanded field, but hosts have historically had a drastically-improved chance to reach the semifinals. THe federation would have to be confident that picking the best squad regardless of how it reflects on his previous selections — let alone a Best XI — is going to happen under a given coach.

Berhalter’s 49 and is far from the worst or best boss in USMNT history. Whoever’s in the job four years from now will have a chance to go down as either one. Choose wisely, fed. And Gregg! Who knows how far his star could rise with a solid run in Europe, and history says there will be the chance to reconnect with the USMNT job.

Follow @NicholasMendola

Premier League table, 2022-23 season

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If it’s the 2022-23 Premier League table you’re after, you’ve come to the right place.

[ MORE: How to watch Premier League in USA ]

We’re at the 2022 World Cup break, and the final few rounds of Premier League fixtures caused so many shocks.

Who’s looking like title contenders and/or favorites?

Almost at the halfway mark of the 2022-23 season, Arsenal and Manchester City are looking head and shoulders above the rest.

The Gunners will have their hands full for the duration of their title challenge, as Erling Haaland continues to take the Premier League by storm with an almost impossible goal-scoring record.

Newcastle, Tottenham and Manchester United are locked in a battle for the top four, while Liverpool have improved and will be back in the Champions League scrap and Chelsea are struggling.

[ VIDEO: Premier League highlights

Who are the early-season candidates for relegation?

Newly promoted Nottingham Forest moved off the bottom of the table with a win before the break, with Wolves and Southampton currently occupying the other two relegation places.

Leicester have picked up a few big wins, while West Ham, Everton and Leeds all find themselves within a few points of the bottom-three after a topsy-turvy start.

Below you will find the latest Premier League table.


Premier League table – Matchweek 16

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England vs France: How to watch live, stream link, team news

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Match 59 of the 2022 World Cup features a pair of European heavyweights duking it out for a place in the semifinals when England faces France on Saturday.

Didier Deschamps’ France is bidding to become a back-to-back World Cup winner, but Gareth Southgate’s Three Lions are tournament-hardened and have shown their explosive nature three times this tournament.

STREAM ENGLAND vs FRANCE LIVE

France beat Poland 3-1 in its Round of 16 match while England overcame a dodgy start to pound Senegal 3-0.

Neither team can say its faced a test like this in the tournament, and this could be a fantastic fight in Qatar.

[ LIVE: World Cup 2022 schedule, how to watch, scores, hub ]

Here is everything you need for England vs France.


How to watch England vs France live, stream link and start time

Kick off: 2pm ET, Saturday, December 1
Stadium: Al Bayt Stadium, Al Khor
TV channels en Español: Telemundo
Streaming en Español: Peacock (all 64 matches)


Key storylines, players to watch closely

England will look to Harry Kane, though the question remains who will flank the Tottenham center forward. Marcus Rashford’s been very good but Bukayo Saka and Phil Foden got the starting spots against Senegal and it paid off for Southgate.

Kylian Mbappe has been borderline unstoppable and will test Harry Maguire, John Stones, and friends and Antoine Griezmann pulls the strings in behind and Aurelien Tchouameni continues to strengthen his reputation in the center of the pitch.


England quick facts

Current FIFA world ranking: 5
World Cup titles: 1 (1966)
World Cup appearances: 15
How they qualified: Qualified automatically from UEFA
Coach: Gareth Southgate
Key players: Harry Kane, Jude Bellingham, Jordan Pickford

France quick facts

Current FIFA world ranking: 4
World Cup titles: 2 (1998, 2018)
World Cup appearances: 15
How they qualified: Qualified automatically from UEFA (Won Group D)
Coach: Didier Deschamps
Key players: Kylian Mbappe, Raphael Varane, Antoine Griezmann

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Croatia vs Brazil: How to watch live, stream link, team news

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World Cup-savvy Croatia stands in the way of stylish Brazil’s pursuit of a sixth World Cup crown, and the pair promise a complex match-up on Friday in Al Rayyan.

Match 58 of the 2022 World Cup kicks off the quarterfinals as Neymar leads Tite’s star-studded CONMEBOL powers into a match against the 2018 runners-up.

STREAM CROATIA vs BRAZIL LIVE

Croatia got past Japan in penalties and will now dream of the two wins that could set it back in the final where France could again be waiting for a juicy rematch.

Croatia needed penalties to get past Japan in the Round of 16, while Brazil pasted South Korea 4-1.  Croatia has never beaten Brazil in four meetings, losing at the 2006 and 2014 World Cups.

[ LIVE: World Cup 2022 schedule, how to watch, scores, hub ]

Here is everything you need for Croatia vs Brazil.


How to watch Croatia vs Brazil live, stream link and start time

Kick off: 10am ET, Friday, December 9
Stadium: Education City Stadium, Al Rayyan
TV channels en Español: Telemundo
Streaming en Español: Peacock (all 64 matches)


Key storylines, players to watch closely

Croatia’s Dominik Livakovic was fantastic in penalties versus Japan to get here, but Luka Modric continues to do the things that get Croatia out of trouble and puts the opponents into heaps of it. Josko Gvardiola has arguably been the defender of the tournament, and the 20-year-old looks to test his mettle again against the Selecao.

Pick a Brazil player who’s failed to impress and you’ve achieved a mighty feat. Neymar’s been fantastic when healthy while RIcharlison is in serious pursuit of the Golden Boot. Alisson Becker flexed his muscles once or twice versus South Korea and figures to be busier as the competition continues to heat up in Qatar.


Croatia quick facts

Current FIFA world ranking: 12
World Cup titles: 0
World Cup appearances: 6
How they qualified: Qualified automatically from UEFA (1st place)
Coach: Zlatko Dalic
Key players: Luka Modric, Andrej Kramaric, Mateo Kovacic, Josko Gvardiol

Brazil quick facts

Current FIFA world ranking: 1
World Cup titles: 5 (1958, 1962, 1970, 1994, 2002)
World Cup appearances: 22
How they qualified: Qualified automatically from CONMEBOL (1st place)
Coach: Tite
Key players: Neymar, Thiago Silva, Casemiro, Alisson Becker

Follow @NicholasMendola