MLS Expansion Rules Dictate That New Money Pays Old Money

NEW YORK - Buried in the new Major League Soccer (MLS) expansion rules was the edict for expansion that New Money pays Old Money as the league set forth their additional and transparent rules on expansion.

"You can clearly see the delineation between the expansion investment being paid back for the Whitecaps versus the expansion investment being paid back for the Chicago Fire."

"You can clearly see the delineation between the expansion investment being paid back for the Whitecaps versus the expansion investment being paid back for the Chicago Fire."

"We needed to ensure that all the prospective entrants to the league understand that their fees will be used to ensure that the original investors and subsequent expansion levels are paid off appropriately," stated president of Major League Soccer, Mark Abbott. "We promised a return on investment to the vested owners that came into Major League Soccer on the second waive of expansion, and we still owe balloon payments to our original investors. Basically, the new expansion fees will pay off our old promised expansion amounts."

Reportedly, with a promised return on investment of 150% to 200% on original capital, the league has increased their expansion fees to an announced number of $150 million each with a promised eventual return of $300 million necessitating another round of expansion with $250 million expansion fees in another 5 to 10 years.

"It's important for us to continue raiding the pockets of future millionaires and billionaires to pay back the existing billionaires in Major League Soccer," stated Abbot. "Everyone's going to make some money, except the players. That's Clark and Dan Hunt's philosophy and we think it's great."

The Nutmeg News will have more on this as current investors in the league prepare for their windfall checks.