With just weeks until kickoff, the Vancouver Whitecaps say they’ve accepted a stadium agreement at BC Place for the 2026 MLS season.
The deal will see the province’s stadium operator return about $1.5 million in gameday profits to the club this year.
Team CEO Axel Schuster confirmed the agreement is in motion while the club continues training in Spain.
“We actually have accepted the offer. And we are working on the final agreement,” said Schuster.
The framework involves PavCo, the government agency that runs BC Place. The provincial government told CTV News the same kind of revenue-generating opportunity could also be considered for the B.C. Lions, another major tenant at the stadium.
“We have considered any revenue-generating opportunities that we’re offering to the Whitecaps would be offered to the Lions as well,” said Minister of Jobs and Economic Growth Ravi Kahlon.
Criticism of stadium deal
Kahlon said he’s pleased the Whitecaps deal is moving forward, but the agreement is already drawing criticism from the Canadian Taxpayers Federation.
“Government needs to be spending money on core services, not subsidizing sports teams. And that’s especially true when we’re projected to end this fiscal year with $155 billion worth of debt,” said Carson Binda, the federation’s B.C. director.
Whitecaps’ future in doubt
The stadium deal comes as the Whitecaps have been up for sale for more than a year and have gone public with concerns about their financial position. Schuster said the province’s gesture helps, but isn’t a long-term fix.
“I think it needs 25 to 30 more of these little steps or it needs a few big steps to really get in safe water,” said Schuster, who also claims the team’s proposed sale has not generated any interested buyers.
Schuster said the club has made significant progress growing its business, but remains at a financial disadvantage within Major League Soccer.
“We have grown our business by 30 per cent over the last three years, our revenues, and we have been the third-strongest team in growing our revenues over the last three years,” he said. “But we still have been last in revenues.”
He wouldn’t put a number on the club’s losses, but said despite a banner year on the pitch and in attendance, the average MLS team generated about $40 million more in revenue than the Whitecaps last year.
“We are really concerned that if after such a successful season and at this point the gap is even becoming bigger, that this, at some point, will not be manageable for us anymore,” he said.
Schuster cited multiple factors behind the club’s financial struggles, including the weak Canadian dollar, a lack of corporate support, and the team’s stadium setup.
For now, questions remain about what comes next beyond the 2026 season. Schuster said the club is actively seeking more corporate support and new revenue opportunities, and suggested the stadium setup itself could be the difference-maker in finding long-term stability.
Provincial government response
In a statement issued Thursday, Kahlon acknowledged the team’s uncertain future.
“We understand the challenges the club is facing, and we know today’s decision doesn’t resolve their long-term needs. This one-year agreement gives everyone the stability needed for the season ahead while the Whitecaps continue planning for their future in Vancouver,” said Kahlon, who is also a Whitecaps season ticket holder.
Kahlon also called on British Columbia’s business and soccer community to support the franchise.
“I’m calling on fans who want to keep the Whitecaps here in B.C. to buy season tickets, and I encourage the corporate community to sponsor and support the team,” he said.
The Whitecaps kick off their 2026 season Feb. 21 at BC Place.
