In Episode 41 of Y’all Street, host Tarek Saab speaks with Leigh Veidman, Head Coach of Spokane Velocity FC, about building a professional soccer team and culture.
Building a professional soccer team in the U.S. isn’t just about talent on the field; it involves substantial financial commitment. Leigh Veidman, Head Coach of Spokane Velocity FC, shared that starting a team can cost around $5 million, a figure that reflects the franchise fee and operating costs.
How to Start Your Own USL Team: Key Steps
- Research the USL structure: Understand the levels of soccer in the U.S., including USL League One and its position in the soccer pyramid.
- Secure initial funding: Be prepared for the $5 million franchise fee and additional costs for facilities and player salaries.
- Build a community connection: Engage with local fans to create a supportive environment, as Veidman emphasizes that Spokane fans want to be entertained.
- Develop a strong coaching staff: Hire experienced coaches who prioritize the players’ personal growth, as Veidman believes in understanding the whole person.
When they go out to a game, they want to be entertained. Do they want to win? Yeah, but they want to be entertained.
Leigh Veidman
Financial Considerations for New Investors
For new investors considering entering the sports sector, it’s essential to understand the financial landscape. Just like investing in bullion or stocks, investing in a sports franchise requires careful planning and a clear strategy. It’s advisable to build an emergency fund first, allocate a portion of your income, and ensure you’re comfortable with the risks involved.
