Full Breakdown
Carlos Vela Joins LAFC Ownership Group Amidst MLS Stake Sales
3/6/2026, 7:19:35 AM
New Ownership Dynamics at LAFC
Carlos Vela, the former star player of Los Angeles FC (LAFC), has transitioned from the pitch to the boardroom by acquiring a minority stake in the club. Vela, alongside two other investors, purchased a 6% equity share in LAFC, which is valued at approximately $1.25 billion. This transaction marks a significant shift in the club's ownership, as Brooklyn Nets owner Joe Tsai and Fanatics CEO Mike Mahan exited their stakes in the team.
Vela, who retired in May 2024 after a successful seven-year career with LAFC, is celebrated for his contributions, including winning the MLS MVP award in 2019 and helping the team secure the MLS Cup in 2022. His involvement in the ownership group reflects a broader trend of increasing investment in Major League Soccer (MLS), where franchise valuations are on the rise.
Background on LAFC's Ownership Landscape
Founded in 2014, LAFC made its MLS debut in 2018 after paying a record expansion fee of $110 million. The club has consistently attracted high-profile investors, including Magic Johnson, Will Ferrell, and Mia Hamm Garciaparra. The recent changes in ownership come as part of a larger pattern within MLS, where clubs are seeing significant financial transactions. For instance, Peter Mallouk recently acquired a controlling interest in Sporting Kansas City, and the Miller Family became majority owners of Real Salt Lake.
Financial Implications and Future Prospects
LAFC's enterprise value has grown to $1.4 billion, making it one of the most valuable franchises in the league, second only to Inter Miami. The club's revenue reached $158 million in 2025, bolstered by high-profile signings, including South Korean star Son Heung-min, who joined from Tottenham Hotspur for a record MLS transfer fee. This financial growth positions LAFC favorably for future investments and partnerships, particularly with brands from Korea.
Larry Freedman, co-president of LAFC, indicated that the club is exploring additional partnerships and investments, aiming for a higher valuation while ensuring that new investors align with the club's vision.
Criticism and Opposition
While the ownership changes have been largely viewed positively, some critics have raised concerns about the rapid commercialization of MLS and the potential impact on the sport's grassroots connections. The departure of established investors like Tsai and Mahan has led to speculation about the long-term direction of LAFC and whether the new ownership will maintain the club's community-focused ethos.
Official Statements & Responses
Freedman commented on the changes, stating, “The common theme is you can’t script life, and sometimes life re-sorts your priorities.” He emphasized that the departures were not due to dissatisfaction but rather personal circumstances that limited their involvement.
Verbatim Quotes
- “The common theme is you that can’t script life, and sometimes life re-sorts your priorities, and you can’t be an active participant,” — Larry Freedman, Co-President of LAFC
- “It’s got to be the right person.” — Larry Freedman, Co-President of LAFC
As LAFC continues to evolve, the integration of new investors like Carlos Vela may signal a new chapter in the club's history, balancing commercial success with community engagement.
