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.

@soxboy64 @MLS @KKR_Co @SBJ Most teams don't right now. That's why MLS is doing this deal. MLS-affiliated teams will now be placed in markets where they are the primary soccer team, ideally drawing crowds and tapping into other revenue streams. Would be akin to minor league baseball or USL.