EXPANSION NEW YORK MLS TEAM / STADIUM
New York Mets, Flushing, New York
CSL International was engaged by the ownership group of the New York Mets to evaluate the feasibility of acquiring a Major League Soccer expansion franchise (as a second MLS team in the New York metro area) and the construction of a new soccer-specific stadium. As part of this engagement, CSL educated the Mets ownership group on the structure and economics of MLS and developed detailed financial projections to determine the potential Internal Rate of Return (IRR) that the ownership group could realize by acquiring an expansion MLS franchise and building a new stadium. The results of the study indicated that a public-private partnership was necessary for the ownership group to achieve their desired rate of return.