He is a British citizen, lives in London and is the senior treasurer for the UK’s Conservative Party. Mansour heads up the Mansour Group, a global conglomerate worth around $7 billion that works in automotive sales, capital management and technology. The yet-to-be-named club is co-owned by Egyptian billionaire and former politician Mohamed Mansour and the Sycuan band of the Kumeyaay Nation. If you haven’t had your eyes on the expansion bid over the past year or so, this will help catch you up. Here’s the basic history and framework of San Diego’s successful bid, along with some helpful context. The league is in the first year of a $2.5 billion media rights partnership with Apple, another display of its financial growth. It’s $175 million more than Charlotte FC owner David Tepper paid for an MLS franchise in 2019 and 67 times larger than what Real Salt Lake paid to enter the league in 2005 ($7.5 million). Ownership for the team is paying a staggering amount to enter the league, a reported $500 million expansion fee.
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