Minnesota United FC projected income

Estimated Revenues

MLS gate: 18,500 regular seats (96 percent capacity) at $30 for 18 games $9,500,000

Club seats: 1,000 club seats at $1250 per season $1,250,000

Premium seats: 30 suites at $40,000 per season $1,200,000

Concessions: $20 per cap for 17,750 fans (18,500 x 96 percent) for 18 games $6,300,000

Parking: $20 per 105,000 cars $2,000,000

TV deal: eight years, $720 million = $90 million/24 clubs in 2018 $3,750,000

Non-MLS rent and sponsorships $1,000,000

Total revenues $25,000,000

Estimated Operating Expenses

Stadium operations $6,000,000

Player sosts (Salary cap $3 million) 28 players at $150,000 MLS average $4,200,000

General and adminstrative expenses $2,300,000

Stadium property taxes* $4,000,000

Total operating expenses $16,500,000

Operating Profit (Private ownership) $8,500,000

Projected $150m private soccer specific stadium (SSS) with 19,500 capacity.

*Assumes private ownership of stadium.

$8.675 million would payoff $150 million in 30 years at taxable corporate rate of 4 percent

*City ownership of stadium team makes muni-bond payments instead of taxes

$7.653 million would payoff $150 million in 30 years at tax-free muni rate of 3 percent

Value of MLS club is about 4 x revenues: 4 x $25m = $100 million expansion fee

Source: John Vrooman, Vanderbilt University