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CNBC.com: Major League Soccer to Join Other Leagues in Allowing Private Equity Financing

7월 11, 2020

O’Melveny Sports Industry Group co-chair Jared Bartie is quoted in this CNBC.com article discussing Major League Soccer’s decision to allow private equity financing in the wake of the Covid-19 pandemic. With no spectators planned to attend games this season, the league could lose US$1 billion due to the pandemic, CNBC.com reported. “The drop in revenues is problematic because MLS clubs have debt from their venues that they need to service, among other costs. There is a rental fee; there is debt service; there are sponsorship and partner fulfillment,” Bartie said. “[Game day] revenues are necessary to offset those costs. When there is declining revenue, those costs don’t go away. They are still there.”

Read the full article here.