Sports Business Rundown: Rams’ $700 Million Deal Denied

Sporting Park, the home of Sporting Kansas City | Photo courtesy of Creative Commons
The MLS All-Star Game at Sporting Park in Kansas City, Kan. will feature three starters from the home team, Sporting Kansas City. | Photo courtesy of Creative Commons” credit=” 

The St. Louis Rams’ $700 million plan to upgrade the Edward Jones Dome has officially been rejected. The president of the St. Louis Convention and Visitors Commission wrote “it would not be prudent to implement the Edward Jones Dome improvements” suggested by an arbitrator. If no upgrades are made to the dome, the Rams can take a year-by-year approach on their lease beginning in March 2015.

Three Sporting KC players to play in All-Star Game

The MLS All-Star Game, which will be played against Italian club A.S. Roma on July 31, will feature three Sporting Kansas City players. Matt Besler, Aurelien Collin and Graham Zusi were among the 10 players voted in by the fans. Sporting KC is the only team that will be represented by more than one player in the game.

MLS President Mark Abbott told the Kansas City Business Journal that this game will be the benchmark that future MLS All-Star Games will be judged against. In previous years, the game has brought an estimated $15 million to $20 million in economic impact to hosting cities.

Rex Sinquefield
Rex Sinquefield” credit=” 

Chess tournament to feature world’s best players, $170,000 purse

St. Louis will host the Sinquefield Cup, a four man chess tournament, in September. Rex Sinquefield, who the New York Times credits with “almost single-handedly turned St. Louis into the American chess capital,” is the host. The top two players in the world will face off in one matchup, and the top two Americans will face off in the other. The tournament’s winner will take home $170,000.

Number of the Week: $13.4 Million

Construction for the expansion of the Swope Park Soccer Complex in Kansas City has begun, and crews are expected to work as quickly as possible. The first phase of the $13.4 million project will be a championship style field, which will have stands capable of seating 1,500 people. This field will host the Big 12 soccer tournament in November. The second phase, which is expected to be ready by August 2014, will add synthetic youth soccer fields. The final phase, expected to be ready in spring 2015, includes addition concessions, locker rooms and other facilities.

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