And speaking of MLS’s wacky ownership structure, the owner of (the operating rights to) the Montreal Impact says he needs a tax break from the city of Montreal so that he can stop losing so much money:
“We are losing $11 million to $12 million per season,” [Impact president and CEO Joey] Saputo disclosed during a frank and transparent discussion with members of the media at Stade Saputo.
Saputo said one way the club is looking to stem the red ink is with help from city hall by reducing the club’s annual tax bill of $2 million.
“Frank and transparent,” eh, TSN analyst Noel Butler? So Saputo opened his books so that members of the media could verify those $11 million a year losses? No? Well, it’s the thought that counts.
Anyway, Saputo appears to be holding off on spending $50 million in upgrades on Stade Saputo because he says he doesn’t want the stadium to be worth more and his tax bill to go up — in perky Canada, sports team owners have to pay property taxes on their stadiums even when they sit on public land — which is about as good an argument as “I bought an MLS team for $23 million and they go for $150 million now but I’m losing money so bail me out here!” He’s got one Canadian sportswriter on his side, though: Butler warns that without subsidies the Impact could fall to be a second-tier team like fill out the bottom of European leagues, which doesn’t even make any sense since teams in European leagues pay their own player payrolls unlike in MLS, but anyway, can Joey Saputo have $2 million, please? He’s really sincere!