Los Angeles Football Club has become the first U.S. soccer team to reach a $1B valuation.  The team joined Major League Soccer in 2018 for a $110M fee. LAFC won its first MLS championship in 2022, helping the team increase its valuation and popularity. The team has sold out every MLS regular season and playoff match since its league debut in 2018, a stunning achievement considering the team plays in a 22,000-seat stadium. The franchise had $116M in revenue and $8M in operating income in 2022. Since 2019, the average MLS team valuation has grown by 85%. On average, an MLS franchise is now worth $579M, up from $313M.