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
D.C. United's lead partner sells out
by Ridge Mahoney, May 22nd, 2009 7AM

MOST READ

MOST COMMENTED

In January, rumors circulated that one of D.C. United's majority investors, Victor MacFarlane, had decided to sell his share of the team.

Possible buyers included his partner, William Chang, as well as John Hendricks, chairman of Discovery Communications and owner of the WPS Washington Freedom. In the two years since MacFarlane and Chang had bought the team, a proposed stadium development deal at Poplar Point in Washington had collapsed, and efforts to pursue a deal in Maryland's Prince George's County were rebuffed, while MacFarlane, a real-estate entrepreneur, had begun to look at other investments.

News of such a deal came Thursday and indeed Chang has bought up the shares of his former partner. They, along with minority investors, former Duke basketball stars Christian Laettner and Brian Davis, bought the team from Anschutz Entertainment Group in January, 2007, for a reported $33 million.

No price for the transaction between MacFarlane and Chang has been released; as a result of the deal, Chang will own 98 percent of the shares allotted to teams under the MLS single-entity system, by which the league retains a 50.1 ownership of each teams. Laettner and Davis remain as minority partners.

"We have many challenges ahead for both the team and a stadium site, but I am confident we will emerge successful on both fronts -- including bringing the club to a stronger international level," said Chang. "We will only improve our strategy on and off the field."



No comments yet.

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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
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 ...
Fire and Quakes need points in Yallop homecoming    
[MLS: Week 20] Ten league matches are sprinkled over the next six days to accommodate a ...
What They're Saying: Jason Ader    
"The second mouse gets the cheese. This is not something that will happen overnight." -- Gaming ...
2014 W-League All-League Team    
[AWARDS] Two midfielders from the regular-season champion LA Blues -- Mele French and Sarah Killion -- ...
The Chicago Daily News    
[THE PITCH] The relocation of U.S. women's national team star Christen Press from Sweden to the ...
Pep Guardiola: Julian Green deserves Bayern shot    
[AMERICANS ABROAD] On a Bayern Munich team featuring six German World Cup champions, plus a host ...
Squads picked for Denmark and Mexico tourneys    
[USA UNDER-17 MEN] U.S. under-17 men's national team head coach Richie Williams named two rosters for ...
A sweet side-volley from Berbatov    
[VIDEO PICK: Golazo] Bulgarian Dimitar Berbatov's latest spectacular goal provided the gamewinner for Monaco over Colombia's ...
What They're Saying: Neymar    
"I think Brazilian soccer is behind. It's behind Germany and Spain. We've slipped behind and we ...
Arsenal players practice speaking New Yorkese    
[VIDEO PICK: Off the Post] In preparation for their visit to the U.S. Northeast, where they'll ...
>> Soccer America Daily Archives