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Tepper provided a formal growth bid for Charlotte to the league in July 2019, shortly before meetings with league officials and extra tours of Bank of America Arena. He revealed plans in September to upgrade the existing Bank of America Stadium to make it appropriate for an MLS team, which would consist of approximately $210 million in contributions from the city government.
In November, MLS commissioner Don Garber named Charlotte as the frontrunner to earn the slot for the 30th team, praising Tepper's efforts and the quote's plans. The Charlotte City board approved $110 million in stadium and franchise financing in late November, using income from a hospitality tax. The MLS Board of Governors assembled in early December to talk about the Charlotte bid and authorized last settlements with Tepper.
The growth fee to be paid by Tepper is reported to be near $325 million, a 62. 5 percent boost from what was paid by the successful quotes for St. Louis and Sacramento earlier in the year. The Made in America Movement offered 7,000 season ticket deposits in the very first 24 hours after the expansion announcement.
The club signed its very first gamer, Spanish midfielder Sergio Ruiz, from Racing Santander on July 8, 2020. He was lent out to UD Las Palmas for 18 months, with an expected arrival in Charlotte in January 2022. Spanish supervisor Miguel ngel Ramrez was hired as the group's very first head coach in July 2021.
A name announcement was set up for June 2020, but was postponed a month due to the COVID-19 pandemic. The name and crest were exposed throughout a livestream occasion on July 22, 2020, with Charlotte Football Club (reduced to Charlotte FC) being picked. The club's crest was designed by Doubleday & Cartwright and consists of a black roundel with a Process Blue center, the very same shade of blue used by the Carolina Panthers likewise owned by Tepper Sports.
Mint branch. At the center is a four-pointed crown, referencing the four wards of Uptown Charlotte and the city's label of the "Queen City", itself referencing namesake Charlotte of Mecklenburg-Strelitz. The quote organizers signed a multi-year kit sponsorship agreement with Ally Financial in July 2019 for the then-unannounced MLS group.