Breaking: @MLS is forming a joint venture with PE firm @KKR_Co that will centralize commercial rights for most MLS Next Pro teams. The new venture, Hometown Soccer Holdings, plans to relaunch many of the development teams in new markets. More at @SBJ. sportsbusinessjournal.com/Articles/2026/…

@AlexMSilverman @MLS @KKR_Co @SBJ How does MLS Next Pro actually make money? I go to the matches for free and there’s no concessions.

@AlexMSilverman @MLS @KKR_Co @SBJ Another fucking private equity!

@AlexMSilverman @MLS @KKR_Co @SBJ The business of soccer. Fascinating article. A ton to unpack here. Knowing there’s a PE-backed business model to roll out community clubs is a playbook I’d love to read. HSH gets to attempt this at a scale we haven’t seen before. Ambitious.

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@AlexMSilverman @MLS @KKR_Co @SBJ What do they mean by relaunch? Are they folding the "2" teams or relocating them?

@AlexMSilverman @MLS @KKR_Co @SBJ This is bullshit. They are trying to kill off other potential markets from building a non-MLS soccer ecosystem. @ManagerTactical @3four3

@AlexMSilverman @TaylorTwellman @MLS @KKR_Co @SBJ PE? Well, looks like the beginning of the end for MLS. Maybe we’ll actually see USL lap big brother after all.

@AlexMSilverman @TaylorTwellman @MLS @KKR_Co @SBJ My son plays for an .@MLSNEXT team. It’s a money machine. They make tons of money at the expense of parents. Insane SCAM

@AlexMSilverman @MLS @KKR_Co @SBJ What does private equity do? They destroy.

@AlexMSilverman @MLS @KKR_Co @SBJ That’s a complete F-ing joke. In this League, no bad decision goes unmade. What a bunch of clowns 🤡

@AlexMSilverman @TaylorTwellman @MLS @KKR_Co @SBJ Kkr? Ew gross. We don't need fly by night private equity scumbags in American soccer.

@AlexMSilverman @MLS @KKR_Co @SBJ

@AlexMSilverman @MLS @KKR_Co @SBJ "Hometown" sounds way too wholesome for PE to be involved 😂

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@AlexMSilverman @TaylorTwellman @MLS @KKR_Co @SBJ Interesting. KKR well known for providing ESOPs (employee shares)

@AlexMSilverman @MLS @KKR_Co @SBJ MLS just made a fatal mistake.

@AlexMSilverman @TaylorTwellman @MLS @KKR_Co @SBJ Soccer Warz 3

@AlexMSilverman @TaylorTwellman @MLS @KKR_Co @SBJ PE is a scourge on humanity. This will not end well

@AlexMSilverman @MLS @KKR_Co @SBJ Yay private equity....

@AlexMSilverman @MLS @KKR_Co @SBJ This is so anti ⚽️