Miami -- Major League Soccer says Miami will not become the home to the newest league team due in part to the current tenuous economic climate.
League officials, along with investor Marcelo Claure and the FC Barcelona soccer team, decided the ongoing economic crisis in the United States and abroad created significant concerns regarding the formation of a new team, the Miami Herald said Wednesday.
The Spanish soccer team and Claure, owner of Brightstar Communication, had previously been prepared to pay the $40 million franchise fee necessary to form a new MLS team in Miami by 2010.
But after a week of intense negotiations, the three players in the franchise bid decided the Miami expansion plan was not feasible, the Herald said.

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