The Philadelphia Union has risen five spots in value on Forbes’ ranking of Major League Soccer Clubs, writes John George for Philadelphia Business Journal.

The Union, home based in Chester, made it to the MLS Cup game for the second consecutive year last season and nearly won its first league championship in 2022.

Forbes ranked the Union 13^th out of the league’s 29 teams. That’s up from ranking 18^th in Forbes’ last analysis in 2019.

It estimates the value of the team at $575 million, up from $240 million four years ago.

The Union is building a $55 million sports and recreation complex in Chester through a partnership with WSFS Bank as part of a revitalization of the Chester waterfront.

The 170,000-square foot WSFS Bank Sportsplex will feature indoor and outdoor soccer fields and will span 32 acres between Subaru Park, the Union’s soccer stadium, and the Union Power Plant office building.

“We believe this will make us a premier location for soccer on the East Coast, and elevate Chester and make its waterfront an iconic location for the region,” said Jay Sugarman, majority owner of the Union and chairman of the Club. 

Read more about the Philadelphia Union rank in Philadelphia Business Journal.

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