Owner of the San Jose Earthquakes puts team on the market
SAN JOSE, Calif. (AP) — The owner of the San Jose Earthquakes announced Wednesday that he has begun the process of selling the Major League Soccer club.
John Fisher, who also owns baseball's Athletics, acquired the Earthquakes with Lew Wolff in 2007 for a $20 million expansion fee, bringing the team back in 2008 after a two-year hiatus.
'The San Jose Earthquakes and PayPal Park have been an important part of our lives for nearly two decades,' Fisher said in a statement released by the team. 'We are proud of the role the Quakes have played in the growth of soccer throughout Silicon Valley. The Bay Area is a special place, and we're deeply grateful to the fans, players and staff who've been with us on this journey.'
The Earthquakes have hired the New York-based investment firm Moelis & Co. to lead the sale.
The Earthquakes, then known as the San Jose Clash, were a founding member of MLS in 1996. The team won MLS Cup titles in 2001 and 2003.
The Quakes also own and operate PayPal Park, an 18,000-seat stadium which is also the home of the National Women's Soccer League team Bay FC.
'On behalf of Major League Soccer, I want to thank the Fisher family for their longstanding commitment to the Earthquakes and the San Jose community,' MLS Commissioner Don Garber said in a statement. 'Under their leadership, the club invested in world-class facilities like PayPal Park, built a highly respected youth academy and helped grow the game in one of the nation's most dynamic markets.'
The Quakes are the second MLS franchise currently up for sale. The Vancouver Whitecaps are the other.
Winnipeg Jets Game Days
On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop.
___
AP soccer: https://apnews.com/hub/soccer
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Toronto Star
36 minutes ago
- Toronto Star
Food company pleads guilty in Edmonton smokehouse death, judge weighs penalty
EDMONTON - A commercial food processing company pleaded guilty Wednesday to a workplace safety charge after an Edmonton worker became trapped in a smokehouse and died. The Crown recommended Ontario-based Sofina Foods Inc. be ordered to pay a $330,000 penalty to fund a workplace training program. The prosecutor also asked for 25 other charges against the company to be withdrawn.
National Post
2 hours ago
- National Post
Canucks: Brock Boeser reunion with J.T. Miller on Broadway a matter of dollars and sense
How are the New York Rangers going to wing it next NHL season? Article content And how does disgruntled Vancouver Canucks unrestricted free agent Brock Boeser possibly figure into their plans? Article content Article content The Rangers traded long-serving winger Chris Kreider, 34, to the Anaheim Ducks last week, hired Mike Sullivan as head coach in early May to replace the fired Peter Laviolette, and vow to get back to the Stanley Cup playoffs. Article content That go-for-it mantra will dictate spending to fill the void — the Rangers could also be targeted by offer sheets — but Boeser could be a top-six fit to rekindle chemistry with centre J.T. Miller. When healthy, Boeser is a 30-goal scorer, and his 12 points (7-5) in a dozen playoff games in 2024 opened a lot of eyes. Especially his gaudy 25.9 per cent shooting percentage. Article content 'It could be a good option and good fit with J.T.,' a source told Postmedia. 'The Rangers did free up some money, but have players to sign.' Article content New York has approximately $15 million to $18 million US in salary-cap space, depending on how it addresses its restricted free agents and improving offensively, and a key is the big RFA left winger Will Cuylle, 23. Article content He is projected as a second-liner after 20 goal and 45 points this season, but his leap from an entry-level deal could be as much as $3.4 million annually to align with Miller and Boeser. Article content The Rangers had one player in top-50 scoring who was with the club all season. Artemi Panarin finished 13th with 89 points (37-52), but they also had five who cracked the 20-goal plateau. Augmenting the right side is critical after first-liner Alexis Lafreniere, 23, who had just 17 goals this season. It thins out fast after that. Article content UFA Mitch Marner is too expensive and projected by AFP Analytics to command a seven-year deal at $13 million annually. Nikolaj Ehlers, who has been on the Canucks' radar in the past, is speedy but small and injury prone. But he is expected to land a six-year contract at $8.1 million in average value. Article content Article content Article content Boeser, 28, is slotted to sign somewhere for six years at $8.46 million annually. That is one year longer and a bump from $8 million that the Canucks were offering. Factor in odd management trade-deadline optics in March of Boeser's supposedly low return in a possible deal — instead of pumping his tires as an asset — and here we are. Article content Add too much past drama as the longest serving current Canuck and he needs a change of scenery and career outlook. Hard to imagine Boeser would pivot back to the Canucks if he doesn't find a free-agency fit.
Toronto Sun
2 hours ago
- Toronto Sun
Calls mount for pause on Canada's digital services tax targeting tech giants
Published Jun 18, 2025 • 2 minute read A man is seen as a silhouette as he checks a mobile device whilst standing against an illuminated wall bearing YouTube Inc.'s logo in this arranged photograph in London, U.K., on Tuesday, Jan. 5, 2016. Photo by Chris Ratcliffe / Bloomberg OTTAWA — Ottawa is under pressure to pause digital services tax legislation that directs large tech companies to make a big retroactive payment by June 30. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Canadian and U.S. business groups, organizations representing U.S. tech giants and members of U.S. Congress have all signed letters calling for the tax to be eliminated or paused. The Canadian Chamber of Commerce and other organizations say retaliatory measures in a U.S. spending and tax bill could hit Canadians' pension funds and investments. A portion of U.S. President Donald Trump's 'big, beautiful' bill could increase withholding and income tax 'on any holding of an American asset by a Canadian or the U.S. operations of a Canadian-parented company,' the groups warned in an open letter Friday. 'The negative impact of this measure cannot be understated for the Canadian economy,' the letter added. 'Every pension fund, retirement fund, investment account, and deeply interconnected investment funds with American holdings, held by the likes of teachers, municipal workers, elected officials, and regular everyday Canadian families, are at risk.' This advertisement has not loaded yet, but your article continues below. Canada's digital services tax is set to take effect just weeks before a deadline Canada and the U.S. have set for coming up with a new trade deal. The tax, which will hit companies like Amazon, Google, Meta, Uber and Airbnb, imposes a 3% levy on revenue from Canadian users. It's expected to bring in an estimated $7.2 billion over five years and the first payment is retroactive to 2022. A June 11 letter signed by 21 members of Congress says that first payment will cost U.S. companies $2 billion US. It says U.S. companies will pay 90% of the revenue Canada will collect from the tax. A separate letter from U.S. industry associations and the U.S. Chamber of Commerce sent earlier in the month called the retroactive requirement an 'egregious overreach.' The office of Finance Minister Francois-Philippe Champagne declined to answer when asked whether the government is considering putting the tax on hold. Read More NHL Canada Soccer Canada Toronto Maple Leafs
