Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
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
Champions Shield goes to Manchester City    
[INTERNATIONAL FRIENDLIES] Sporting Kansas City lost for the first time in four games against English Premier ...
Scorpions jump into lead with third win    
[NASL: Fall Week 3] The San Antonio Scorpions moved on top in the NASL with a ...
Cuevas is happy to be back in Charleston    
[USL PRO: Week 19] Jose Cuevas, who had spent the last two seasons with the Charleston ...
What They're Saying: Brad Friedel    
"As a player, the odds are diminishing by the hour. It wasn't something that was planned ...
Tatu's Sting, Eclipse Select and Surf crowned    
[ECNL] Former indoor star Tatu coached the Dallas Sting to the U-17 Champions League title at ...
FC Pride Elite captures two National Cup XI titles    
[U.S. CLUB SOCCER] Indiana's FC Pride Elite won two girls titles at the National Cup XIII ...
BeIn Sports launches new streaming platform    
[SOCCER ON THE AIR] BeIN Sports' living stream platform has become BeIN Sports Connect, providing authenticated ...
A decade later, Beasley is back    
[MLS TRANSACTIONS] A decade after leaving MLS for Europe, DaMarcus Beasley has returned to Major League ...
What They're Saying: Louis van Gaal     
"We have to prepare for the season and when you have a lot of commercial activities ...
Six EPL clubs in action on U.S. soil on Wednesday    
[INTERNATIONAL FRIENDLIES] No less than eight international matches will be played on Wednesday. Manchester United and ...
>> Soccer America Daily Archives