Ownership Group, MLS Stadium Announced
Date Posted: November 17, 2016
Posted In: Projects,
From nextSTL: An ownership group from Missouri has announced a plan to pursue a Major League Soccer expansion team that would play its matches in a new soccer-specific stadium to be built in Downtown St. Louis.
The ownership group – known as SC STL – answers the call, in all respects, in meeting the criteria of solid and experienced ownership that will serve both Major League Soccer and the entire St. Louis community during the expansion process and well into the future.
Paul Edgerley, formerly of Bain Capital and currently a Partner with VantEdge Partners, was raised in Kansas City and serves as lead owner and Chairman of SC STL. Edgerley is joined on the SC STL’s Executive Committee by three other officers who include Jim Kavanaugh, the Vice Chairman of SC STL and CEO of World Wide Technology. Kavanaugh is also the Founder of Saint Louis FC, which plays in the United Soccer League.
Terry Matlack, Managing Director of Tortoise Capital in Kansas City and a Partner in VantEdge Partners, is also a Vice Chair of SC STL while Dave Peacock, formerly President of Anheuser-Busch, will serve on the Executive Committee of SC STL. The SC STL principals will be introduced at an event in St. Louis in the weeks ahead.
SC STL has come together over nearly eight months of consideration and meetings with Major League Soccer executives and team owners, local and regional officials, St. Louis business leaders and national sports industry experts. In addition, MLS Commissioner Don Garber and league executives visited St. Louis in May of 2015 and met with Missouri Governor Jay Nixon, St. Louis Mayor Francis Slay, Kavanaugh, Peacock and area soccer fans. Garber also visited potential stadium sites during his visit.