By Ben Nicholson
August 17 – Goldman Sachs looks set to serve as an underwriter for The New England Revolution’s desires for a soccer-specific stadium.
The Revolution, who currently share a 65,000–seat stadium with an NFL team, has floated the idea of building a soccer-specific stadium a few times in the recent past without gaining any traction.
Jonathan Kraft, son of club owner Robert Kraft family, previously stated that a soccer-specific stadium is something “we’ve been working on for a while, and we’ve come very close with a couple of situations over the past half dozen years and they didn’t happen. Because of that we’re just going to stay quiet until we have something.”
His desires for silence, however, were foiled when documents evidencing the agreement with Goldman Sachs were obtained though a public records request.
Goldman Sachs has previously aided the development of stadiums in the U.S. and in Europe, including the controversial New York Yankee Stadium build where the stadium was financed with low-interest, tax-exempt bonds issues by a public development agency by virtue of a legal loophole, and was perceived by some as a taxpayer subsidy.
In the meantime the Revolution just put on sale season tickets for 2016, which begin at $324 for the eighteen-game MLS schedule.
Contact the writer of this story at moc.l1734843792labto1734843792ofdlr1734843792owedi1734843792sni@n1734843792osloh1734843792cin.n1734843792eb1734843792