Orlando City Owner Looking To Sell Team For $400 Million

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Orlando City Owner Looking To Sell Team For $400 Million 

Post#1 » by RealGM Wiretap » Sun Oct 18, 2020 4:54 pm

Orlando City owner Flavio da Silva is reportedly looking to sell the team for $400 million before the 2021 season.

Da Silva initially acquired the franchise for $70 million, with the team receiving a $295 million valuation last year.

It is unclear whether other assets, including a NWSL side and USL team, would be included as part of the deal.

“Sources have characterized the soccer investment by da Silva as just that — an investment and business transaction where he could eventually turn a profit. In other words, da Silva wasn’t getting involved in the league for the long-haul,” reported SportsBusiness in May 2019. 

Via As.com

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