Utah Soccer Holdings Valued At $500 Million
Sep 10, 2020, 11:30 AM
Dell Loy Hansen, Real Salt Lake owner, talks about Real Salt Lake during a press conference at Rio Tinto Stadium in Sandy on Wednesday, March 29, 2017. (Courtesy of Deseret News)
(Courtesy of Deseret News)
SALT LAKE CITY, Utah – Utah Soccer Holdings is valued at $500 million, according to a recent report by sportsbusinessdaily.com. Utah Soccer Holdings includes Real Salt Lake, Real Monarchs, Utah Royals FC, Rio Tinto Stadium, the Zions Bank Real Academy along with other soccer-related entities.
Real Salt Lake alone is valued at $325 million.
The news comes following Utah Soccer Holdings owner Dell Loy Hansen’s decision to sell the team following scandals surrounding racial and sexist remarks.
Furthermore, Chief Business Officer Andy Carroll has also taken a leave of absence following more allegations regarding misconduct.
#BREAKING: Early sale talks for the Utah Soccer Holdings are beginning at a price of around $500M, according to a source (@markjburns88, @ChrisSmith813). The USH assets include @realsaltlake, @UtahRoyalsFC, @RealMonarchs and Rio Tinto Stadium.
⚽: https://t.co/CqFzUreZhv pic.twitter.com/FLdizIWmA1
— Sports Business Journal (@sbjsbd) September 10, 2020
Multiple parties have expressed interest in buying the franchises, including the Larry H. Miller Group, Ryan Smith from Qualtrics and Houston Texans star JJ Watt.
It is unclear as to who the front runner currently is.
The report also suggests that the value of Utah Soccer Holdings may be overpriced due to the economic slump that the novel coronavirus has caused.
Utah Soccer Holdings will first be sold as a package deal, with all of the properties obtained in the one sale. Hansen does not want to sell each individual property separately, according to sources in the sportsbusinessdaily.com report.
The timeline for the sale is still unknown, however, rumor suggests that Hansen is attempting to finalize the sale sooner rather than later.
RELATED STORIES
