Kraft family hires Goldman Sachs to help with Boston soccer stadium

On Wednesday, they announced the hiring of banking giant Goldman Sachs to help finance the stadium.

The Krafts are reportedly working with Goldman Sachs to finance a soccer specific stadium. The report also cites documents provided to Boston.com through a public records request in claiming Goldman Sachs intends to serve “as underwriter on a future transaction” related to the stadium.

Stadiums for the New York Yankees, New York Mets and the Orland Magic were all built through the efforts of Goldman Sachs, which often uses its expertise to secure low-interest loans through public bonds for its clients in the sports world. The Yankees’ financing plan faced some criticism for its cost to taxpayers. Plots in Somerville and Revere have been considered, though the organization has most recently been eyeing a plot in the South End of the Boston.

Coincidentally, the failed bid may work in the Revolution’s favor, as the bid committee had previously attempted to drum up support for an Olympic stadium, which was originally proposed for a site within walking distance of a location that the Revolution owners were targeting for a soccer stadium. MLS Commissioner Don Garber said last week that he had seen more recent renderings.

It’s worth noting the Krafts and Goldman Sachs investment banker Greg Carey in particular are no strangers to each other.

The Krafts own the New England Patriots and New England Revolution, which now share Gillette stadium in Foxboro, and are hoping to build a new soccer stadium in Boston.

The New England Revolution are bringing in the heavy hitters to advance its search for a stadium in Boston, Mass.