MLS club courts Chinese investor

A delegate of Major League Soccer (MLS) side Orlando City FC recently visited Shanghai to promote a $45 million round of EB-5 investment which will be used to help build a new stadium in the city of Orlando.

The club is courting 50 Chinese investors to support the EB-5 program for the construction of a new stadium for Orlando City.

Gonzalo Lopez-Jordan, CEO of the American Regional Center Group, said "The growth of soccer in China and in the United States means more opportunities for these two markets. Investors will be able to participate in the ownership of this stadium by partnering with one of the best professional league teams in the United States."

Orlando City FC joined the MLS in 2013 and in 2014 signed former FIFA World Player of the Year, Kaká. The club’s new stadium is expected to be completed and put into use by March 2017.

Source: Global Times

Proofread by John Devlin.