British-Egyptian billionaire Mohamed Mansour of the Mansour Group, in partnership with the Sycuan Band of the Kumeyaay Nation, is set to pay $500 million to establish the team — a new MLS record eclipsing Charlotte FC’s $325 million price tag in 2019.
The franchise would play at Snapdragon Stadium in Mission Valley beginning in 2025.
In February, MLS Commissioner Don Garber told Daily Mail that launching a 30th team was a priority and San Diego and Las Vegas were the most likely cities.
Paul Tenorio, a soccer reporter for The Athletic, told CBS News that the success of San Diego Wave FC, which joined the National Women’s Soccer League last year and set a league single-game attendance record, may be playing a part.
MLS has two conferences, Eastern and Western. Adding an expansion club in the west would even up the divide, at 15 teams per conference. California already has three franchises — the Los Angeles-based Galaxy and LAFC, and the San Jose Earthquakes.