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
Part-Owners to be Unveiled at Dynamo Rally Friday
Houston Chronicle, February 28th, 2008 4:30PM

MOST READ

MOST COMMENTED

The deal that would make boxing legend Oscar De La Hoya and his business associate Gabriel Brener part-owners of the Houston Dynamo is "essentially done," according to the Houston Chronicle. The proposed deal was widely reported earlier this week and will be finalized on Friday. De La Hoya and Brener, a Mexican investor partner in Golden Boy Promotions, the boxer's company, will each own acquire a 25 percent stake in the Dynamo from the club's current owner, Anschutz Entertainment Group. Team president Oliver Luck confirmed the deal with the Chronicle on Tuesday, the day after negotiations closed. The pair's combined investment is estimated at $20 million.

The team will celebrate the arrival of their new part-owners in a formal welcome rally at Jones Plaza in downtown Houston, Friday at 11:30 a.m. AEG, which also owns the Los Angeles Galaxy, will retain a 50 percent share in the two-time defending MLS Champ, and will remain the controlling shareholder.

Asked what changes the new owners might bring, Luck answered, "I think eventually they will want to weigh in on personnel and talent. But at this point the message I get from them is, let's keep doing what we have been doing for the last couple of years." The Dynamo players return to practice today after their second-place finish at the Pan-Pacific Championship in Hawaii. New signing Franco Caraccio will be unveiled to the media after practice.

Read the original story...



No comments yet.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Steven Gerrard: 'Every Person Slips'    
Steven Gerrard says the slip that arguably ended Liverpool's title hopes and England being knocked out ...
La Liga Champ Eying Chicharito    
Mexican striker Javier Hernandez, who started just six Premier League games for Manchester United last season ...
No Charges for Moyes Over Bar Incident    
Former Manchester United coach David Moyes is in the clear after he was investigated over an ...
West Ham Acquires Ecuador World Cup Striker    
West Ham has finalized a $20 million transfer of Ecuador striker Enner Valencia from Mexican club ...
Bayern Boss Not Allowed To Board Plane to USA    
Bayern Munich executive board chairman Karl-Heinz Rummenigge, along with six youth players and three crew members ...
Thai Refs Must Swear Oath to Buddha     
Thailand's soccer federation bosses have made more than 100 referees swear an oath of honesty at ...
Scolari Gets a Job    
Luiz Felipe Scolari, who resigned as Brazil coach after its disastrous 2014 World Cup campaign, has ...
World Cup Runner-up Coach Steps Down    
Alejandro Sabella, who guided Argentina to the World Cup final in Brazil, has decided to quit ...
Ronaldinho on the Move    
Former World Player of the Year Ronaldinho has left Atletico Mineiro. The 34-year-old former Barcelona, AC ...
Beer Approved in the Big House    
Normally, alcohol sale and consumption is strictly forbidden inside the University of Michigan's stadium, but beer ...
>> Section 2 Around the Net Archives