Sacramento Republic Secures Burkle as Lead Investor in MLS Expansion QuestSports Illustrated
Sacramento Republic has made a giant stride toward securing an MLS expansion franchise after landing a new lead investor with deep pockets.
Ron Burkle, the co-founder of private equity and venture capital firm Yucaipa Companies and whose net worth is $2 billion according to Forbes, has joined Sacramento Republic’s ownership group, fulfilling the one glaring hole in the club’s expansion application. In April 2015, MLS commissioner Don Garber indicated that it was “less about if, and more about when” Sacramento was granted a franchise. It sorted out its stadium situation, even breaking ground in July 2017 at The Railyards site secured for its privately funded $245 million, 20,000-seat MLS park, which was slated to be ready in time for the 2020 season.