in july 2017, it was reported that major league soccer had rejected a $4 billion offer by mp & silva to acquire all television rights to the league for 10 years following the conclusion of its current contracts with fox, espn, and univision. while it represents a substantial increase over the current agreements, mp & silva insisted that the deal would be conditional on major league soccer adopting a promotion and relegation system similar to other international leagues. although the league stated that it rejected the offer due to the exclusive periods that the current rightsholders have to negotiate extensions to their contracts, it was pointed out by the media that major league soccer had long-opposed the adoption of promotion and relegation, continuing to utilize the fixed, franchise-based model used in other u.s. sports leagues. furthermore, mp & silva founder riccardo silva appeared to have a conflict of interest because he also owned miami fc of the nasl, which stood to benefit from such a promotion and relegation system.