This brought a lot of excitement to Cosmos Country and even had some talking about the club taking the field in 2017.
I hate to be a Debbie Downer, but while it is good news that there is activity on the ownership level, the club is still no closer to taking the field today compared to two weeks ago.
The fact of the matter is that GF Capital is not a major player to the point that it will have the capital needed to take the Cosmos to the “top of the pyramid” as Seamus O’Brien has always suggested. In fact, they seem to be more of an intermediary than an owner.
In the link above, Bloomberg offers a company overview. The most critical line of that overview is:
“The firm may also invest in larger transactions by offering co-investment rights to limited partners.”
It seems that GF is going to play the role of a deal maker in this case and that means they are possibly not interested in winning the US Open Cup.
However, as mentioned before, the fact they are being brought into the equation can give hope to Cosmos fans that there is a deal to be made for the Cosmos to take the field again.
The other interesting rumor that was reported by Big Apple Soccer was the possibility of the Cosmos buying out Red Bull and playing in MLS by 2018.
On the fan level, this has been talked about for a few years as many were disenchanted by the NASL and thought the Cosmos should possibly look into this option. Obviously, the Cosmos 1.0 had their most successful periods based out of New Jersey so this would really play along with the “Twice in a Lifetime” slogan.
Are Red Bull for sale though? I refer you to the follow-up piece by our friends at Empire of Soccer where Dave Martinez offers his thoughts on the Red Bull Sale rumor as well as the GF capital situation.
Long story short Cosmos Country, do not think GF Capital is the white knight that is going to come swooping in to save the Cosmos overnight. They might help save the Cosmos in the long run but Cosmos fans should be realistic in their short term expectations of this development.
GF Capital would be here to help make a bigger deal in the future, not to put a team on the field in 2017.