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But say TFC (its financial backers and the people within the organization) decide to walk away and form a new club. Sure they lose the TFC name, but for all intensive purposes they can still compete...

Meh, the closer you look at the details the less single entity holds up. How does MLS explain the coaching changes within the league if they are a single employer?

But regardless of the legal...

Thank you +1. Funny how people forget how the weak franchises in NASL helped sink the ship. Should we really tie our fortunes to the weakest links.

As you said, some teams in this league (short...