What's new
By:

Ryan sold RSL to LarryMillerGroup

I didn't know Ryan owned RSL. I didn't not know it, but I didn't know it. It is somewhat strange, though. If the Millers divested themselves from the Jazz, I understand them still wanting to pursue Major League Baseball. I can't understand why they'd care about Major League Soccer. Seems like an odd move to pick up if you've offloaded the Jazz. I'll have to go look at how long Ryan's owned RSL. Just seems like a weird moving of hands of (relatively) minor things that are still big but go in a counterintuitive direction from where all the other moves are.

I don't get it.
 
infection said:
I didn't know Ryan owned RSL. I didn't not know it, but I didn't know it. It is somewhat strange, though. If the Millers divested themselves from the Jazz, I understand them still wanting to pursue Major League Baseball. I can't understand why they'd care about Major League Soccer. Seems like an odd move to pick up if you've offloaded the Jazz. I'll have to go look at how long Ryan's owned RSL. Just seems like a weird moving of hands of (relatively) minor things that are still big but go in a counterintuitive direction from where all the other moves are.

I don't get it.
Click to expand...
Owning the Jazz sold a lot of cars. Owning RSL might not move the needle as much, but the investment isn't as large ether. You are banking that interest in Soccer increases as the years go on. Buy low like they did with the Jazz.
 
framer said:
Owning the Jazz sold a lot of cars. Owning RSL might not move the needle as much, but the investment isn't as large ether. You are banking that interest in Soccer increases as the years go on. Buy low like they did with the Jazz.
Click to expand...
I'm also guessing that the leadership at LHM has some new faces at this point.
 
Small self correction: Ryan had some ownership, but wasn't the primary owner, it was some major conglomerate whereas Ryan had a smaller stake in the team. This move makes RSL 'owned' (majority stake) by a local group. another side note, the big conglomerate is still part of the picture, which is also supposedly good because they have many other teams and will be a good source of information on how to promote and build a team. (this almost feels like when larry first bought the jazz, saving them from demise due to bad management)
 
Interesting business move, with the World Cup coming and the continued growth of the MLS in North America id have thought the asset had significant growth potential.
 
The millers also own land around the stadium and Jordan commons as well so they are probably trying to maximize that venture
 
As a long time fan of RSL, I don't know how to react to this. Ryan focusing on the jazz and hockey teams? Sure. LHM making a real estate play? It's what a solid investment that I am sure will only make more money.

But from a soccer experience standpoint it feels like a punt at best. RSL had a terrible owner in DeLoy Hansen. He was the pitts. As in, you couldnt find a worse owner for a sports team bad. It was mind numbing stuff watching him dismantle a great team by making budget cuts to coach, management, staff and players all for a real estate play. It culminated in a drunken scout ranting about not being allowed to scout or recruit players and a racist tirade by the GM that forced him out a la LA Clippers owner.

Yall wine about Smith but if you didn't follow the deloy saga you have no idea how bad ownership can get.

I don't know if the LHM group will bring a new era of quality, but they are a lot worse options out there. My biggest concern is that they are only spending $600 million to kick off their real estate empire and they aren't actually invested in a winning soccer team.
 
You must log in or register to reply here.

Share this page
Back
Top