DMD would acquire name, logo in exchange for stake a seat on DMD board

The group behind the effort to bring a United Soccer League team to Nashville has sent a letter of intent to acquire the assets of the city's existing soccer team.

DMD Soccer sent a letter today to Nashville FC, the supporter-owned team that competes in the National Premier Soccer League, saying it would like to purchase the name, logos and word marks of the team to use for a future USL franchise.

In exchange, Nashville FC would receive an ownership stake and a seat on the board of DMD, according to a message sent to Nashville FC members Friday morning by chairman Chris Ferrell.

Ferrell is the CEO of Southcomm, the parent company of the Post.

That seat and stake would almost certainly require the transition of Nashville FC into a supporters trust, as noted by DMD member David Dill in a separate letter to NFC members.

“In short, DMD Soccer was formed from the inspiration of Nashville FC. There is so much more work to do to make our collective dream of championship pro soccer a reality here in Nashville. We took a major step in that direction with the May 19 announcement, but we must continue on. We’d like to do that together with you. As you know, we have presented a Letter of Intent to the Nashville FC Board to acquire the Nashville FC brand. This proposal would include bringing the supporters’ trust into the ownership group and providing a board seat, similar to ownership and board structures at soccer clubs around the world,” he wrote.

The exact details of the letter of intent are being withheld, even from NFC members, in an effort to keep the deal from being negotiated via social media, according to Ferrell's note.

The NFC board will be soliciting input from members and then, if the board approves a letter of intent, members will be asked to vote on a Asset Purchase Agreement sealing the deal with DMD.



