Site Requires Flash Player and JavaScript (on) for optimal viewing.

bypass the detection
Soccer - Pro

Plan to bring MLS to Portland wouldn’t turn a profit until 2015, analysts predict

    The company seeking the city’s financial help to renovate PGE Park to bring major league soccer to Portland and to relocate the Beavers minor league baseball team to a new stadium, released financial projections Tuesday that show the combined operation wouldn’t turn a profit until 2015.

    Greg Peden and Don Mazziotti, consultants representing owner Merritt Paulson, presented the figures to a city task force analyzing the proposal.

    The balance sheet shows a projected net loss of $1.8 million for soccer and baseball teams in 2010, the first year of operations. The losses continue for another five years before revenues eventually overtake expenses.

    Mazziotti and Peden were prepared to make a detailed presentation on the financial projections, but they didn’t get far as task force members peppered them with questions. The task force is charged with making a recommendation to the City Council on March 11, to meet a deadline set by Major League Soccer for granting a new team franchise.

    — Excerpt from The Oregonian, January 7, 2009


    video




    Watch our two minute video to learn more about the Oregon Sports Authority's efforts to promote the state as a premier sports destination.

    NEWSLETTER SIGN UPs

    Sign up to receive a monthly update with the latest Oregon sports news and event information, plus get exclusive access to ticket discounts!

    MEMBERS

    Members

    Requires Flash Player and JavaScript (on) for optimal viewing.

    .

    latest news


    eUpdate – PK80, IndyCar Coming to Portland, Congrats to the Thorns, Cirque du Soleil Crystal

    In the summer of 2012, Michigan State athletic director Mark Hollis began to form plans for an unprecedented 16-team men’s...

    http://www.oregonsports.org/eupdate-pk80-nears-tip-off-indycar-coming-to-portland-congrats-to-the-thorns-cirque-du-soleil-crystal/

    eUpdate – Oregon Sports Hall of Fame Induction Ceremony, Disaster Relief, Street Soccer USA and New Members

    The Oregon Sports Hall of Fame will induct a class of six new members during its annual induction ceremony on...

    http://www.oregonsports.org/eupdate-oregon-sports-hall-of-fame-induction-ceremony-disaster-relief-street-soccer-usa-and-new-members/

    eUpdate – Little League Softball, WinCo Foods Portland Open, Cambia Portland Classic

    Little League softball teams from the U.S., Canada, the Philippines, Czech Republic and Puerto Rico are in Portland this week...

    http://www.oregonsports.org/eupdate-little-league-softball-world-series-winco-foods-portland-open-cambia-portland-classic/

    find out what's new and

    what's next in oregon sports!

    follow the oregon sports authority on

    Twitter      Facebook