CRE Investor Scores Rights To Start Pro Soccer League In East Bay
The East Bay could soon have its own soccer franchise. The United Soccer League gave Hall Equities Group President and CEO Mark Hall the rights to start a team in the East Bay, the San Francisco Business Times reports. The league is a second-tier division of the U.S. Soccer Federation, which runs the premier U.S. soccer league Major League Soccer.
The new team will play in 2021 or earlier and build a 15,000-seat stadium designed for its use, a hotel and conference center.
Hall told the SFBT he plans to fill the void created by the loss of the Oakland Raiders and the Golden State Warriors with soccer. The team also could replace the Deltas, a second-tier team with the North American Soccer League, which only lasted a year before calling it quits due to low attendance.
Unlike the NASL, the USL league has reported annual attendance rise each year, including a 25% increase this year.
Hall Equities Group, which develops and manages commercial properties, apartment buildings and hotels nationally, also is working on a $45M 250K SF indoor youth sports complex, Shadelands SportsMall, in Walnut Creek, which is set to open in August.