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Austin FC Flops: Cash the Culprit?

Austin FC isn't winning, despite spending big. So, is money really the problem?

Published July 3, 2024 at 9:00am by Beck Andrew Salgado


Austin FC's Monetary Woes: Big Spending, Little Success

After a stellar season last year, Austin FC now struggles. A single stat may explain their woes: money.

Spending Big, Returning Little:

  • Austin FC's annual payroll: $14 million ^1.
  • 13th highest-spending team in the league.
  • Performance: 14th in points, 8th in the Western Conference.
  • A higher spend doesn't always equate to wins.

Breakdown of Spend:

  • Forward positions: 9th highest spend in the league ^1.
  • Defense: 21st in spending ^1.
  • Conceding goals is an issue.

Top Earners:

  • Sebastian Driussi: $3.8 million p.a. - 6th highest-paid player in the league.
  • Emiliano Rigoni: $2.04 million.
  • Alex Ring: $1.66 million.
  • Gyasi Zardes: $1 million.
  • Julio Cascante: $773,750.

Valuable Club:

  • Austin FC ranked 21st globally, valued at $800 million ^2.
  • The youngest team on the list by far.
  • Major League Soccer (MLS) well-represented in top 20:
    • LAFC, Atlanta United, Inter Miami, LA Galaxy, and New York City FC ahead of Austin FC.

Rapid Growth:

  • Austin FC's value surged by $170 million last year ^3.
  • 6th-place ranking in MLS, up from 9th.
  • Revenue increased from $50.5 million in 2021 to approx. $87 million in 2023 ^4.

Factors for Success:

  • Fan consumption: Sebastián Driussi's jersey is the 4th most purchased in the league ^5.
  • Attendance: 11th-best record in MLS despite stadium size ^6.
  • Social media presence lags.

Read more: Austin FC continues to underwhelm, is investment in the team to blame? Here's what to know