Owners of the Cleveland Cavaliers and Detroit Pistons are looking to invest in bringing a Major League Soccer team to Detroit. In fact, Quicken loans founder and Cleveland Cavaliers owner Dan Gilbert is putting up $500 million to build the stadium on the uncompleted Wayne County Jail site.
An article in Deadspin though, says that although Major League Soccer is expanding at a furious rate, no one is making any money. Yet, franchise values are rising, even while annual losses continue to mount.
Stefan Szymanski, professor at the University of Michigan's School of Kinesiology discusses this possible pyramid scheme with Michigan Radio. To find out more, read the article by Stateside Staff of WUOFM and listen Szymanski's analysis here.