San Jose Earthquakes owner John Fisher confirmed on Wednesday that he is putting the MLS club on the market, signaling a potential shift in ownership for the team. The club, which has been part of Major League Soccer since 2008, is now being placed under the radar of potential investors through the involvement of investment bank Moelis & Co., which has been tasked with facilitating the sale process.
Fisher’s decision to move forward with selling the club comes amid ongoing financial assessments and strategic planning for the franchise’s future. The move reflects broader trends within MLS as clubs explore new ownership opportunities and investment avenues. As the sale process unfolds, stakeholders and fans will be closely monitoring the developments to understand the implications for the club’s direction and performance.
The involvement of Moelis & Co. indicates a structured approach to the sale, aiming to attract serious bidders and ensure a smooth transition. While specific details about potential buyers remain undisclosed, the announcement has sparked discussions about the future of the club and its place within the league. The sale could impact the team’s operations, finances, and long-term goals, with fans and investors alike awaiting further updates on the transaction.