https://www.si.com/johnwallstreet/sp...rce=reddit.com
Short-Term Losses Aside, MLS Poised To Come Out of Sports Hiatus a ‘Winner'
"Howie Long-Short: While Coronavirus has decimated soccer leagues around the world (see: fears +/- half of Bundesliga teams could be forced into bankruptcy), MLS’ single-entity structure - which includes a salary cap and no promotion/relegation - has the domestic soccer outfit on firm footing. The existence of salary cap has made it so that team payrolls are manageable (at least relative to other top flight leagues around the world) and without the threat of relegation,
MLS has been able to lure deep pocketed club owners capable of weathering an unexpected economic downturn (soccer teams are simply far less attractive investment options when a single bad season on the pitch can tank revenues).
Requiring expansion franchises to build new soccer specific venues has also proven beneficial during the current shutdown. With +/- 90% of clubs playing in team-owned buildings, rent-related concerns are far and few between (NYCFC, Nashville SC and FC Cincinnati are the exceptions)."