John Fisher, owner of the San Jose Earthquakes, has announced the sale of the MLS club, engaging Moelis & Co. for the transaction. MLS commissioner Don Garber praised the Fishers for their contributions to the team and community, mentioning the investments in facilities and youth development. Although attendance and revenue are low, the team's valuation is bolstered by the affluent demographics of the Bay Area. Fisher expressed pride in the club's impact on soccer and thanked fans and stakeholders for their support throughout his tenure.
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.
We look forward to identifying new ownership that can build on this strong foundation and continue to elevate soccer in the Bay Area.
The San Jose Earthquakes and PayPal Park have been an important part of our lives for nearly two decades.
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.
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