Goldman Sachs could play a role in a proposed Phoenix Rising FC MLS stadium, as the firm has been retained as a structuring agent.
As part of its pitch for an MLS expansion entry, Phoenix Rising FC has proposed a privately-financed, climate-controlled stadium. The site of the stadium is currently occupied by the “pop-up” facility that the club is using for its USL matches. Should plans for the MLS stadium move forward, Goldman Sachs would serve as the organization’s structuring agent, according to an announcement issued on Wednesday.
“We are thrilled Phoenix is among the leading expansion markets for MLS,” said Brett M. Johnson, co-chairman and alternate governor of Phoenix Rising FC. “Goldman Sachs is a leader in sports finance and most recently capitalized the LAFC and D.C. United stadiums. With Goldman Sachs, and our unique partnership with the Solanna Group and the Salt River Pima-Maricopa Indian Community, we are prepared to privately fund a world-class, soccer specific stadium in Phoenix’s most desirable location.”
Phoenix Rising FC’s proposed MLS stadium will be the centerpiece of a larger soccer complex and mixed use development that will accommodate the Phoenix Rising FC youth soccer academy, professional and community soccer events. Phoenix Rising FC’s plan is to privately fund the stadium on the 45-acre site already under contract and in use by the Club in partnership with the Solanna Group, a real estate development company within the Salt River Pima-Maricopa Indian Community.
The organization, which submitted its bid in January, has sought to bolster its MLS expansion case in recent months. In April, the club announced that former Chelsea and Montreal Impact striker Didier Drogba had joined its ranks. The role allows Drogba to play this season on the club, before transitioning into a role in Phoenix’s front office.