I hear that Englishman Paul Kemsley is out at the Cosmos, as in bought out by his investor group from Saudi Arabia."
The Cosmos have not said much in the past month and a half and now this. As imagined, this news has fans completely confused. Fans are asking what this means for the Cosmos and MLS.
It was always known that Paul Kemsley was seeking foreign investment, and there was a lot of speculation that there was a Saudi investment group involved, but it is a surprise to see that Kemsley was completely bought out.
There is a lot of money in that region of the world, so this can actually be a very positive development for the financing of a NYC team. If this group has been involved with Kemsley, then they are fully aware of the costs of this venture. They know the costs of a stadium in the city and they know about Garber's 100 Million price tag, so this action has to mean this group has the financial power to finish the job.
The roller coaster ride continues.