Pro Iowa Soccer - Krause Development

Also they were in serie d when Krause took over. You don’t get up to serie a that quick without over-spending on players.
Nah they were back in Serie A when Krause bought it, back in 2015 they were down there though. It's also interesting that the purchase price for Parma in 2020 was just over 100 mil. Kinda crazy their yearly operating losses are almost equivalent to their purchase price.
 
So says literally every professional sports team. The Krause's aren't the first to demand that the taxpayer be on the hook for a new stadium, but their ability to manage these projects seems to be, well not good.
I met with him a few times back when he started shopping his great soccer plans back pre 2005. He struck me then as a guy who had nothing to do with KnG being a successful business but just a rich dude with a soccer fetish and no idea how to pull it off realistically.
 
Nah they were back in Serie A when Krause bought it, back in 2015 they were down there though. It's also interesting that the purchase price for Parma in 2020 was just over 100 mil. Kinda crazy their yearly operating losses are almost equivalent to their purchase price.

They went down to B after he bought it, and have had multiple divisional movements. Relegation is expensive for teams.
 
I think it's important to remember that operating losses owning pro sports teams are a fairly common occurrence, you make it up on the back end when/if you sell the team. Rarely is there a sale that doesn't make an exorbitant amount of $ for the owner. Cuban was just saying the other day how much he lost in operating with the Mavs.

Unfortunately the whole USL system is likely destined to fail unless promotion and relegation is somehow integrated into MLS. MLS will never allow relegation with any of their teams but if they could work out an agreement that allows the top 2 teams in USL to play up in MLS there would be hope for the league. That being said there's a snowballs chance in hell of that ever being an option.

He’s lost 400 million operating the club and bought it for 100 million.

If he sold it would he make 500 million just to break even? Highly doubtful.
 
He’s lost 400 million operating the club and bought it for 100 million.

If he sold it would he make 500 million just to break even? Highly doubtful.
You must have missed my next post after that: "It's also interesting that the purchase price for Parma in 2020 was just over 100 mil. Kinda crazy their yearly operating losses are almost equivalent to their purchase price."

Honestly 100 mil for a traditional Serie A club seems like a bargain, but now it makes sense why lol.