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The weekend is almost here, and it is a loaded one. Atlanta United heads to Toronto looking to turn a performance that deserved better into a result that matches it. The Women's Champions League gets to the semifinal stage. The FA Cup is down to four. And somewhere in the middle of all of it, John Textor's soccer empire keeps unraveling in real time. Grab your coffee. There is a lot to get into.
The work was real this week. For Atlanta United, the data said so loudly. For the game in Georgia, the crowds in Henry County said so just as clearly. The gap between the work and the result is the only thing left to close, and that is what this weekend is for.
🔴⚫ Fix the Five Minutes, Keep Everything Else
Atlanta United generated 2.57 expected goals against New England, made 50 final-third entries, and completed 23 passes into Zone 14. Alexey Miranchuk operated as a dropped nine surrounded by two wide players with the freedom to get into the box, and the attack looked more coherent than it has in most of this young season. Fafà Picault read the moment precisely right to open the scoring. Cooper Sanchez was sharp and savvy joining the attack. Pedro Amador changed angles from the left channel. The combination play was real, and the data confirmed what the eye test said in real time.
Tata Martino designed that structure specifically for New England, but the honest question coming out of it is whether it works beyond one opponent. If Miranchuk as a combining nine with two wide players produces that kind of attacking coherence, how much of it was tailored to the Revolution and how much of it is simply a better way for this particular group to play? Saturday at BMO Field against Toronto is the next data point. A road environment, a 1 p.m. kickoff, and a team that has had its own complicated start to the season. The structure that worked Wednesday deserves another look.
The loss, though, was not about the attack failing. It was about two moments in five minutes that had almost nothing to do with 70-plus minutes of genuine quality. Will Reilly was direct about the corner that produced the equalizer: "That's me. Back zone. I gotta attack that ball better." Peyton Miller's winner came from a cross where Atlanta had three defenders to cover two New England attackers and still conceded. Tata named both situations clearly in his post-match availability. These were not goals produced by New England outplaying Atlanta in open play. They were execution failures in situations Atlanta had the personnel to handle.
Picault named the pattern that connects all of it. He described the second half as Atlanta being proactive, then sleeping, then reactive again, and said what this team needs right now is not just the desire to win but the need to hate losing. The distinction matters in Toronto on Saturday. Atlanta has shown it can build a performance worth building on. The question is whether it can protect what it earns long enough to make the result match the work.
Coverage of Saturday's match starts at noon Eastern on 92.9 The Game and the Audacy app, with Abe Gordon and Madison Crews setting the stage before kickoff. Mike Conti and I will have the call from BMO Field when Atlanta and Toronto kick off at 1 p.m. Before all of that, we'll have training coverage from Marietta this afternoon on the SDH Network as Atlanta puts in its final work before the trip north.
💰 The Beautiful Business: Soccer's Most Valuable Clubs Are Worth $95.5 Billion Combined
Real Madrid and Barcelona sit atop Sportico's annual club valuation rankings at $7.7 billion and $6.65 billion respectively, with Barcelona leapfrogging Manchester United into second place this year. The two La Liga giants are among only four sports organizations globally, alongside the Dallas Cowboys and Los Angeles Dodgers, to generate more than $1 billion in revenue during the 2024-25 season. Bayern Munich and Liverpool round out the top five, and the full top 50 clubs carry a combined value of $95.5 billion, an 11 percent increase over last year.
Europe holds all 15 of the top slots, but the most represented league across the full list of 50 is MLS, with 18 entries. Inter Miami leads the way for the league at $1.45 billion, and five MLS clubs rank among the world's top 20. The numbers reflect something the league has been building toward for years: cost controls, modern stadiums, and an ownership structure that creates financial stability even as revenues remain well below the European elite.
The methodology behind these figures is worth understanding. Sportico used three seasons of revenue data to smooth out the year-to-year swings that come with Champions League participation and transfer activity, then applied club-specific multipliers based on market size, brand strength, facility terms, and debt. Manchester United carries the highest multiplier in the study at 7.25 times revenue despite not leading the revenue table, a reflection of brand value that outlasts recent performance. The threat of relegation creates a much wider spread in those multipliers for European clubs than anything you see in North American sports.
What stands out most for an American soccer audience is where MLS sits in the global picture. Eighteen clubs in the top 50, more than any other single league, tells you something about where the money is flowing and why ownership groups keep buying in. The gap between Inter Miami at $1.45 billion and Real Madrid at $7.7 billion is still enormous, but the trajectory of that gap is the real story.
⚖️ John Textor Is Out at Botafogo. For Now.
The Getúlio Vargas Foundation's Arbitration Tribunal removed John Textor from the presidency of Botafogo's SAF on Thursday, the latest chapter in a financial saga that has been deteriorating for months. The SAF, or Sociedade Anônima do Futebol, is the corporate structure that governs the football operations of Brazilian clubs separately from the social association, and it is the entity through which Textor has controlled Botafogo since 2022. The tribunal ruled that Textor's recent actions had the potential to cause irreparable harm to shareholders and the Botafogo fan community, citing two specific decisions: a judicial reorganization filing made without a shareholders' meeting, and a January purchase and sale agreement that transferred Eagle Bidco's shareholding in the SAF to a company in the Cayman Islands without following proper legal formalities. Former club president Durcesio Mello was appointed interim general director, and the decision will be reviewed on April 29 after both parties present their arguments.
This is not Textor's first removal from a club presidency in recent months. He was pushed out at Olympique Lyonnais earlier this year amid the same broader financial collapse surrounding his Eagle Football Group holding company. The root of the crisis traces back to a loan from investment fund Ares, which financed Textor's purchase of Lyon and was never repaid. Ares took Botafogo shares as collateral, then began making management decisions at Eagle as the debt went unresolved. Earlier this month, Cork Gully, a British financial restructuring firm appointed to administer Eagle Bidco, listed the group's clubs, including Botafogo's SAF, for sale in the Financial Times.
Textor responded to the removal Thursday night by accusing Ares of fraud, claiming the fund's lawyers withheld an explanatory email from the arbitration panel that would have changed the panel's reading of the Cayman Islands agreement. He said he expects the decision to be reviewed and that the group willing to finance the club will ultimately prevail. The SAF itself pushed back on the tribunal's ruling in a statement, arguing that the removal exceeded the scope of what either party had actually requested from the arbitrators and that replacing shareholder authority without a duly convened meeting violated basic corporate governance principles.
What this means for Botafogo on the pitch is the urgent question. The club won the Copa Libertadores and the Brazilian Championship in 2024 under Textor's ownership. It enters 2026 with that legacy intact but its finances in open crisis. Textor's own email to Cork Gully, sent April 16, warned that the club would collapse within five to ten days without a resolution. That email is now part of the arbitration record. Wednesday was April 23. Adding to the pressure, a Brazilian court this week ordered Lyon to pay Botafogo 21 million euros within three days, part of a broader dispute over outstanding inter-club transactions that reportedly total 128 million euros across the Eagle Football group. The Igor Jesus transfer fee, a deal that was supposed to help Lyon's balance sheet before a transfer ban complicated the arrangement, sits at the center of that dispute. The financial web connecting Textor's clubs has become its own kind of trap, and Botafogo is caught in the middle of it.
🏆 The Women's Champions League Is Down to Four. The Final Picture Is Coming Into Focus.
The UEFA Women's Champions League semifinals get underway Saturday with two matchups that carry genuine weight on both sides of the bracket. Defending champions Arsenal face eight-time winners OL Lyonnais, and last year's finalists Barcelona take on Bayern Munich, with both ties playing out over two legs before the final in Oslo on May 23. The stakes are as high as they get in the club game, and the bracket does not offer either favorite an easy path.
Arsenal enter as reigning champions, but the dynamic has shifted from a year ago. They are no longer the side overcoming adversity from behind. They are the target. Their quarterfinal run, including a composed 3-2 aggregate win over Chelsea and a 7-1 demolition of OH Leuven in the playoff round, showed a team with greater control and expectation than the one that shocked Europe last season. Captain and key defender Leah Williamson is absent, but Arsenal did not look flustered without her against Chelsea. Mariana Caldentey and Kim Little have been exceptional in midfield, and Alessia Russo continues to be the focal point up front. OL Lyonnais, under Jonatan Giráldez since September, have sharpened tactically and carry arguably the strongest attacking unit in the competition. They have not won the title since 2022 despite eight total, and that hunger is real. This is as close to a coin flip as the semifinal stage gets.
Barcelona against Bayern is less of a puzzle on paper, but Bayern are not without a path. Barcelona thrashed them 7-1 in the league phase in October, but that scoreline may flatter the gap between the sides at this point in the season. Aitana Bonmatí is working her way back from a broken leg and Patri Guijarro is also returning from injury, meaning Barcelona are getting healthier at exactly the right moment. Even without them for stretches, Alexia Putellas, Caroline Graham Hansen, and Ewa Pajor have kept the machine running. Bayern's best approach is to limit the damage in the first leg and stay in the tie, with Pernille Harder in strong form and Klara Bühl potentially returning. Defending deep and hitting on the counter is their most realistic route. Barcelona remain clear favorites, but last year's final proved they are not untouchable.
🏘️ Domestic Focus
Galaxy Lose Leading Scorer to Surgery: Los Angeles Galaxy striker João Klauss will undergo surgery Friday to repair ligament damage in his foot and is expected to miss the remainder of the MLS regular season through the World Cup break. Klauss leads the Galaxy with five goals in eight appearances this season. The Galaxy return from the break on July 17 against LAFC.
Crew Lock Up Chambost Through 2029: Columbus Crew midfielder Dylan Chambost has signed a contract extension through June 2029. The 28-year-old Frenchman has contributed 3 goals and 16 assists in 64 appearances across all competitions since joining Columbus from AS Saint-Étienne in June 2024, and was part of the Crew's Leagues Cup winning side that year.
Inter Miami Partners with AstroTurf: Inter Miami CF has named AstroTurf its official synthetic turf and hybrid field building partner. The partnership will include projects at the Fort Lauderdale stadium and Florida Blue Training Center, with plans to expand AstroTurf fields in South Florida through the Inter Miami CF Foundation's community efforts.
📍 Around the Corner
SDH AM kicks off at 9:05 this morning on YouTube and Twitch with Jon Nelson hosting, and it is worth your time before the weekend gets away from you. Evan Weston from Apple TV joins the show to talk about Saturday's Atlanta United match at Toronto, which he will be calling, so you will get an inside look at how one of the people with the best seat in the house is approaching the game. Jon will also break down the full weekend of soccer ahead and have the latest on the Georgia high school playoffs, including updates from last night in Henry County.
🌄 The Front Porch
We were at Ola High School last night, and it was a reminder of why this job matters. Cambridge's boys and girls both picked up road wins against the Mustangs, but what stood out was what was happening in the stands: Atlanta United fans, SDH listeners, families, and soccer people of all kinds packed in to watch high school soccer on a Thursday night in April. The Ola program did not get the results, but they return most of their players next year to build on historic seasons for both programs. The game is thriving out there, quietly and without much fanfare, in a place that deserves more attention than it gets.
If you were at a match this week, coaching a team, playing in a rec league, or just watching your kid chase a ball around a field somewhere in the South, this section is yours. Tell us what you saw.
☕ The Refill: News from Around the World
FA Cup Semifinals Set for This Weekend: Manchester City face Southampton on Saturday at 12:15 ET, with City looking to become the first club to reach the FA Cup final in four consecutive seasons. Chelsea take on Leeds United on Sunday at 10:00 ET, with Leeds unbeaten in two meetings against the Blues this season.
Slot Stays Quiet on Alisson's Future: Liverpool manager Arne Slot declined to address speculation linking goalkeeper Alisson Becker with a summer move to Juventus, saying the club's focus is on getting him healthy and back between the posts. Liverpool have activated the one-year option in his contract, keeping him at Anfield through June 2027.
Ranieri Out at Roma: Claudio Ranieri's role as special adviser at AS Roma has ended following a public falling out with head coach Gian Piero Gasperini. Roma sided with Gasperini after Ranieri went public criticizing the manager's complaints about the club's transfer market activity.
Atlante Returns to Liga MX: Liga MX owners approved the purchase of franchise rights from Mazatlán FC by Atlante, bringing the three-time Mexican champions back to the top flight for the first time since 2014. Atlante will play in Mexico City beginning with the 2026-27 season.
Boca Juniors Top Zone A After 4-0 Rout: Boca Juniors crushed Defensa y Justicia 4-0 in the Torneo Apertura to move to the top of Zone A and secure a playoff spot. Goals from Milton Giménez, Alan Velasco, Adam Bareiro, and Miguel Merentiel powered the result.
🏁 Final Whistle
The weekend is here, and it is a good one. Atlanta at Toronto at 1 p.m. Saturday. FA Cup semifinals. The Women's Champions League down to four. There is no shortage of reasons to be a soccer fan this morning, and that is before you account for what happened in Henry County last night, where the game is being lived and loved by people who are building something real, one match at a time.
Atlanta showed what it can be this week. So did Henry County. For Atlanta United, the data said so. For the game in Georgia, the crowds at Ola said so. The gap between the work and the result is the only thing left to close, and that is what Saturdays are for.
Song of the Day: "Future Days" by Pearl Jam. The week had weight, the weekend has promise, and Atlanta needs tomorrow to mean something.
Jason
