‘There is no rush.’ MLS holds key meeting, but Sacramento expansion bid still not finalized

The Sacramento Bee

By Tony Bizyak, The Sacramento Bee

Three months ago, upbeat Major League Soccer officials announced they were entering formal negotiations with a private investor group representing Sacramento in hopes of signing a deal as early as July to bring the capital city into the league.

That date has arrived, but no deal is signed, MLS Commissioner Don Garber said Wednesday, offering his first formal update since April.

Garber said he isn’t concerned the deal will fall through, and emphasized MLS and the Sacramento investment group continue talks on an almost daily basis. Mayor Darrell Steinberg is involved as well, Garber said.

Speaking at the league’s annual all-star game gathering here, Garber said it requires a huge investment of a half-billion dollars or more to enter the league.

“There are no hiccups,” Garber said. “These are lifetime decisions for an investor to make. These are massive commitments. It takes time.”

Read the full article