Hunton Andrews Kurth Represents Underwriters on the US Soccer Federation’s $200 Million Issuance of Tax-Exempt Revenue Bonds

Hunton Andrews Kurth LLP represented the underwriter in connection with the U.S. Soccer Federation’s $200 million issuance of tax-exempt revenue bonds through the Fayette County Development Authority in Georgia. The bonds will help fund the Federation’s new state-of-the-art headquarters and training facility. The financing is aimed at covering a substantial portion of the project’s estimated $225 million total cost.

The groundbreaking of the Arthur M. Blank U.S. Soccer Training Center took place in April 2024, and the facility is projected to open its doors before the 2026 World Cup. The development has already garnered notable financial support, with Arthur M. Blank, co-founder of Home Depot and owner of the Atlanta Falcons and Atlanta United FC, contributing $50 million to the initiative; and Dan Cathy, CEO of Chick-fil-A contributing part of the land.

Unlike traditional sports stadiums, which have seen a rise in financing and construction, this training facility is characterized by its focus on community development rather than commercial sports entertainment. The new center will consolidate U.S. Soccer's headquarters and training facilities, currently split between Chicago and California, leading to significant cost savings and operational efficiencies, and is expected to create over 400 jobs.

Founded in 1913, the U.S. Soccer Federation is the national governing body for soccer in the United States, overseeing 27 national teams, including senior, youth, and extended teams. U.S. Soccer is dedicated to advancing the sport of soccer through leadership, support, and development programs.

The Hunton Andrews Kurth team representing the underwriter was comprised of Doug Selby, Samantha Rachlin and Martha Warthen.