Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America ClassifiedsGame Report
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Heavy-hitters join AEG in Houston
by Ridge Mahoney, February 26th, 2008 6:45AM

MOST READ
TAGS:  mls

MOST COMMENTED

[MLS] The league is adding two heavy-hitters to its lineup of operator-investors and in one case, the pun is intended. Houston Dynamo president and general manager Oliver Luck is meeting the media Tuesday to officially announce a partnership by which two companies will purchase 50 percent of the team. Boxer Oscar De La Hoya and his company, Golden Boy Productions, and one of its shareholders, Brener International Group, LLC, are joining MLS.

Each company, according to several media outlets, will hold a 25 percent share of the team. By terms of the deal Anschutz Entertainment Group, which moved the team from San Jose to Houston in December, 2005, will retain a half-share as the primary investor, which is a requirement under MLS regulations.

AEG and GBP began discussing a deal last summer and De La Hoya's group has spent the last few months on due diligence of team and league financial records and documents.

The announcement comes just one day before the Houston City Council is scheduled to vote on a proposal by which the city would acquire five acres of downtown land for $15.5 million and trade rights for an additional acre to form a six-acre plot on which a stadium can be built.

AEG has an extensive real estate division, and one of De La Hoya's subsidiary companies, Golden Boy Partners, has invested in several development projects.

Buying the land does not obligate the city to use it for a soccer stadium, yet the location near downtown Houston could give the league an inner-city facility in the mold of Toronto and 2009 expansion entry Seattle.

The half-interest further reduces AEG's investments in teams other than the Galaxy and follows sales of the New York, D.C. United, and Chicago teams in the past two years. (AEG sold Colorado to entrepreneur Stan Kroenke in 2003).

De La Hoya formed GBP in 2002. The firm represents nearly 50 professional fighters and is a promotional arm of its athletes, scheduling events and running them. Some of the events have been co-promoted by AEG. De La Hoya, 34, has held six world titles in his career and currently boxes as a welterweight (140-147 pounds) or super welterweight (147-154). His next scheduled bout is at Home Depot Center May 3.

The other major player is a family owned firm headed by president and CEO Gabriel Brener with myriad business interests - real estate, communications, media, entertainment, high-tech companies, and financial services - often targeted toward the Hispanic market. Brener is of Mexican descent and, like De La Hoya, lives in Los Angeles.



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
Gold Cup: Chicharito out with broken collarbone    
Mexican star Javier "Chicharito" Hernandez, who has been linked to a move to MLS's Orlando City, ...
What They're Saying: Jill Ellis    
"I have absolute faith and trust in our medical team to do the right thing. I ...
What They're Saying: Sepp Blatter    
"I am a religious person and pray, too. I own a golden cross that has been ...
Video Pick: Carli Lloyd recalls Jersey roots     
If you want to know more about U.S. Women's World Cup captain Carli Lloyd, scorer of ...
Three takeaways from Japan-England     
Defending champion Japan returned to the Women's World Cup final thanks to a 2-1 win over ...
ICYMI | MLS: 'Sky is the limit' for Fire's Magee    
The return of 2013 MLS MVP Mike Magee comes at a good time for the Chicago ...
Jordan Morris will miss at least month with stress fracture    
Rampant speculation over the short-term and long-term futures of Stanford University and U.S. forward Jordan Morris ...
Open Cup: Red Bulls pound Cosmos, SKC's Dywer hits four    
A year ago, the New York Red Bulls were crushed by the New York Cosmos, 3-0, ...
USL Roundup: Schuler on the way back    
Defender Chris Schuler, an important player for Real Salt Lake, marked his comeback by playing for ...
U.S. Abroad: Cody Cropper joins MK Dons    
American goalkeeper Cody Cropper has signed with MK Dons, which last season won promotion from the ...
>> Soccer America Daily Archives