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Philly Gets MLS' 16th Team

By Mark

According to an article in the Philadelphia Inquirer, a deal has been struck to award a MLS expansion franchise to Philadelphia. The team will play in an 18,500 seat, $115 million, soccer only stadium to be constructed in Chester, Pennsylvania. The state will provide $47 million in funding towards construction of the stadium. The operator/owners will be local investors Robert Sugarman and James Nevels. The announcement is scheduled for February 28.

Philadelphia has beaten out St. Louis for the last franchise expected to be awarded for the near future by MLS. It is not clear when the next wave of expansion when open up, but it's not expected to be for several years at the earliest.

Full post as published by Sports Biz on February 22, 2008 (boomark / email).