Vancouver Whitecaps owners, facing financial challenges, are selling the MLS club valued at $420 million.

The owners of the Vancouver Whitecaps MLS team, including Jeff Mallett and Steve Nash, have decided to put the club up for sale, enlisting Goldman Sachs for advice. The team, which joined MLS in 2011, was valued at $420 million by Forbes in February. Despite recent playoff appearances, the club has faced financial challenges, operating at a net loss of $14 million. The MLS commissioner praised the current owners for their contributions and looks forward to identifying new ownership.

3 months ago
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