Rumour has it that Major League Soccer (MLS) is considering relocating the Vancouver Whitecaps franchise to somewhere more profitable, like maybe Las Vegas. They say the "long-term health" of the league is at stake. They say that "stadium economics, scheduling restrictions and a lack of government and corporate support" will make keeping the Whitecaps in Vancouver very difficult.
The current owners, a group of Canadian businessmen, have put the team up for sale, although they do say their priority is to keep the team in Vancouver. There are currently only two Canadian teams in the MLS league, Toronto (added as an expansion team in 2007) and Vancouver (added in 2011), and losing one would be pretty hard for the Canadian psyche.
Although the Whitecaps had their most successful season ever last year, only falling to Miami in the championship game, and they currently sit second in the league this year, their on-field success has not translated into all-important revenue, in which stakes they sit at the very bottom of the league, trailing much worse clubs in the middle of the standings.
I confess the whole idea of "moving" a team from one city to another seems bizarre to me, coming from a British background. I can''t imagine "moving" Manchester City to Blackpool, or Chelsea to Portsmouth!? But I guess I just don't understand the franchise business model of North American sports. Certainly teams (or franchises) do get moved all the time: the Brooklyn Dodgers became the Los Angeles Dodgers, the Montreal Expos became the Washington Nationals, the Washington Senators became the Texas Rangers, etc, etc.
But what is the role of MLS in this current case? Google AI says that "Major League Soccer (MLS) does not own the Whitecaps directly, though it operates under a single entity structure where owners are investors in the league". The best explanation I can find for this confusing claim comes from Medium.com: "Unlike the National Football League (NFL), Major League Baseball (MLB), National Basketball Association (NBA), and National Hockey League (NHL), the MLS is considered a Single-Entity business model. This structure allow the teams to be considered "individual investors" of the league, allowing Major League Soccer to be the sole owners of all 29 teams and not be considered a Limited Liability Corporation (LLC)", although the article then goes on to question the legality of this Single-Entity status.
So, clear as mud. I still don't know how it works, but it does seem that MLS somehow has "full autonomy" over business deals, exclusivity player negotiations, and many other aspects. Weird.