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
Corona scores in Tijuana's Copa MX win    
[AMERICANS ABROAD] U.S. international Joe Corona scored the winner for Tijuana in its 3-1 win over ...
What They're Saying: Mark Geiger     
"It was very strange, with the way [Brazil] walked out on the field and just their ...
Manchester United wins third tour game in shootout    
[INTERNATIONAL FRIENDLIES] Manchester United won the third game of its U.S. tour with a 5-3 shootout ...
Cuevas gets start in Lobos BUAP victory    
[AMERICANS ABROAD] Former U.S. under-20 national team forward Daniel Cuevas started for Torneo Ascenso (second division) ...
Lots in play on busy MLS Wednesday    
[PREVIEW: Week 21] A Wednesday of four MLS matches makes up for the lightened schedule of ...
Tim Howard returns in booth    
[SOCCER ON THE AIR] Tim Howard will again be spending many of his off-days as part ...
Clubs busy making mid-season player moves    
[MLS: Tuesday] The Philadelphia Union announced a press conference for Wednesday at which time it is ...
U.S. U-17s drop second straight game    
[OPEN NORDIC TOURNAMENT] The U.S. under-17 national team dropped its second game in two days at ...
Zusi celebrates his first post-World Cup goal     
[VIDEO PICK: MLS Goals of the Week] Sporting Kansas City midfielder Graham Zusi scored his second ...
Soccer America Power Rankings    
[MLS: Week 20] In case anyone had forgotten, the Galaxy is still to be reckoned with. ...
>> Soccer America Daily Archives