On the subject of renegotiating terms, let us never forget the full history of Miami's stadium plans.
- As Mark noted, the terms were established in 2018, you can't just renegotiate because the market has changed. And the way it's phrased in the video is so disingenuous "Rents have shot up 60% in the last year". Note that he didn't compare to 2018 because it would be much smaller I 'm sure. I'm sure rents have gone up that high in the last year because in most cities around the country, they dipped in 2020 due to the pandemic and now they are resetting to pre-pandemic figures plus probably typical YOY/inflation increases.
Their franchise, and Beckham's ability to exercise his option, were held up for years because MLS would not award the franchise until Miami had deal with the city to build a stadium. They finally reached a great deal to build one in a neighborhood called Overtown, near downtown and on a light rail system. It was a great site.
Then, once MLS awarded the franchise based on that site, the group abandoned that deal in favor of the golf course site, which offered much larger upside as part of an overall real estate deal. Basically, the Mas brothers joined Inter Miami ownership because it offered a chance at a big real estate payday.