Why Doesn't MLS Have Promotion and Relegation?

Perhaps one of the most unique aspects of Major League Soccer is the single entity structure. In essence, no team can be promoted or relegated from MLS in the traditional sense. Rather, new teams buy into the league, just as Minnesota and Atlanta United did earlier this year. In this video, we examine why MLS doesn't have a promotion/relegation system, and whether it's possible for the league to ever adopt this.
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