Atlanta United's owner, Arthur Blank, has insisted that most Major League Soccer (MLS) clubs are profitable, reports, www.sportspromedia.com/.
The 77 year old runs the team with the league's highest average attendance – 52,510 in 2019 – and, according to Forbes, last year secured an operating profit of US$7 million on revenues of US$78 million, just one of seven MLS franchises to do so.
However, Blank insists the picture is prettier, telling the Athletic: "[MLS] has grown and yet maintained, I think, financial integrity and stability. Not all the clubs are profitable, but most are, and most are getting more profitable.
"I think the league continues to attract a higher level of investor that is willing to invest not only more money, but bring their business expertise, their sense of marketing and management to the league and to their own clubs, which is really good. I couldn't be more excited about the direction of the league."