SUM for Sale?
The big business story to hit the web today was the possible sale of a minority stake in SUM. The Sports Business Daily is reporting that Providence Equity Partners is seeking to purchase 25% of SUM for $125-150 million. The deal would certainly infuse cash into the investors and operators of MLS franchises, but whether the funds would be used to improve the standard of play is an open question.
Footiebusiness @ Sep 12, 2011 9:39 PM EDT | Blog Profile
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