Sacramento Mayor Darrell Steinberg is due credit, after facilitating 2 days of negotiations at the “Sacramento Soccer Summit” on behalf of Sacramento Republic FC fans and the city’s future.
According to a joint press release by Steinberg’s office this morning, Sacramento Republic FC and Sac Soccer & Entertainment Holdings (SSEH) have come to an agreement, in principle, regarding the acquisition of Sacramento Republic FC (SRFC) by Sac Soccer & Entertainment Holdings (SSEH) to “present a united front to Major League Soccer (MLS) during the upcoming expansion process.”
Under the agreement in principle, which–according to the released statement–was facilitated by Mayor Steinberg, and fomented after “two days of marathon negotiations”, Sacramento Republic FC will indeed be the name and brand of Sacramento’s potential MLS team.
“At long last, Sacramento stands before MLS as one team and one community,” said Kevin Nagle, Chairman and CEO of SSEH.
Warren Smith and his current ownership group are projected to continue to own and operate the USL franchise until the start of MLS play; once the MLS team is officially formed, Kevin Nagle and SSEH will be the new owners of the team. Nagle and SSEH will continue to lead the MLS expansion bid process, including the proposed MLS stadium at the downtown Railyards.
“On behalf of Sacramento Republic FC and all of its fans and supporters, I want to thank Mayor Steinberg for his leadership during these meetings,” said Warren Smith, President and Co-founder of Sacramento Republic FC. In the coming weeks, both parties are expected to draft and execute documents corresponding with the agreement in principle.
1-30-2017, SSEH submitted an expansion application to MLS on behalf of Sacramento and is considered a leading contender for the next MLS expansion teams to be awarded. MLS has stated that it intends to announce the next two expansion teams in 2017.
– Article by L. R. Styles; photographs by Steven Styles/ Belator Media