Krafts Bring in Goldman Sachs for Boston Soccer Stadium Talks

Investment banking firm Goldman Sachs is now working with the Krafts to finance a soccer stadium for the New England Revolution in Boston.

On July 8, Kraft representatives and city officials last met to discuss the proposed stadium, with the city receiving documents from Goldman Sachs. A non-redacted portion of the packet obtained through a public records request by Boston.com, makes note of Goldman Sach’s intentions of “serving as underwriter on a future transaction.”

A Boston City Hall spokeswoman declined to comment on the packet, calling the talks preliminary, with Kraft spokesman Stacey James echoing City Hall.

Discussed for years, the Kraft Group is reportedly targeting a piece of city-owned land near the South Boston/South End line to construct a soccer specific stadium for the Revolution, who currently play in Gillette Stadium. Previous potential stadium sites include Roxbury, Revere, and Somerville.

In a Twitter chat with fans late last month, MLS Commissioner Don Garber said he has seen renditions of the stadium.

A move to Boston would mean a loss in revenue for the town. In fiscal year 2014, Foxborough received nearly $300,000 in revenue from ticket sales.