In 2023, Forbes reported about the skyrocketing valuations of MLS franchises, rating Los Angeles FC as essentially the most useful franchise (greater than $1 billion) and the Colorado Rapids the least ($350M). That determine was closely influenced by the group’s outdated services, cheap roster and dropping file within the Western Convention.
Colorado’s valuation served as a breaking level for longtime followers of the membership, which is among the league’s founding groups. Pissed off with proprietor Stan Kroenke’s lack of funding and GM Padraig Smith’s ineffective management, they staged a walkout throughout a September residence recreation and despatched an open letter to elucidate their reasoning.
“It is extremely telling that the latest Forbes valuation estimates the Rapids at $350M, but the growth charge for brand spanking new MLS homeowners is reported to be $500M,” they wrote. “The Rapids are valued lower than golf equipment that do not even exist or exist in identify solely.”
