Pro Iowa Soccer - Krause Development

[CyPhallus]

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.

 

[drmwevr08]

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.

 

[cyfan92]

“I want a new soccer stadium! And I refuse to pay for it!”

The site is such an eye sore... I wish they'd build everything else and wait on the soccer stadium, but I think K+ is holding off as a form of negotiating for more public money.

 

[nfrine]

So many better ways to blow an inheritance than a soccer team.

Race cars...maybe?

 

[CyDude16]

I didn't even know it was possible to lose that much money on a minor league type team. I mean they are not in the premier league which would make sense since you are adding the value in how much the team is worth. That level seems crazy.

It’s not a minor league type team.

 

[Drew0311]

It’s not a minor league type team.

Not one person on this site gives a rip what you say. Not one.

 

[CyDude16]

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.

 

[CyDude16]

Not one person on this site gives a rip what you say. Not one.

That’s fine, you’re still wrong in claiming it’s a minor league type team.

 

[CycloneDaddy]

That’s fine, you’re still wrong in claiming it’s a minor league type team.

Right, I watched one of their matches on CBS a few weekends ago.

 

[Drew0311]

That’s fine, you’re still wrong in claiming it’s a minor league type team.

Not one person cares about what you say. Probably be better if you just quit posting so we don't have to skip your crap. We all would thank you

 

[isufbcurt]

Race cars...maybe?

Yeah and other things

 

[WIBadger]

Not one person cares about what you say. Probably be better if you just quit posting so we don't have to skip your crap. We all would thank you

No we wouldn’t.

And they’re right in this case.

 

[CyDude16]

Not one person cares about what you say. Probably be better if you just quit posting so we don't have to skip your crap. We all would thank you

Sensitive today, eh?

 

[BryceC]

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.

 

[CyPhallus]

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.

 

[CycloneDaddy]

Big match for Parma today.

 

[Wheatberg]

The day they get an actual team, I'll come out of retirement and try-out.

 

[aeroclone]

Yeah and other things

Hookers and blow.

 

[Messi]

Backers of Pro Iowa Soccer Stadium eye additional state funding as Des Moines expands redevelopment district - Business Record

Organizers behind the proposed construction of the Pro Iowa Soccer Stadium and Global Plaza near downtown Des Moines say they remain optimistic about the project’s future despite recent questions about funding. The nonprofit Iowa Soccer Development Foundation has proposed a 6,300-seat stadium on...

www.businessrecord.com

 

[Messi]

https://www.desmoinesregister.com/story/money/business/2025/11/12/des-moines-soccer-stadium-womens-pro-team/87212286007/?gnt-cfr=1&gca-cat=p&gca-uir=true&gca-epti=z116754p002650c002650d00----v116754b0057xxd005765&gca-ft=158&gca-ds=sophi