Join Now  | 
Home About Contact Us Privacy & Security Advertise
Soccer America Daily Soccer World Daily Special Edition Around The Net Soccer Business Insider College Soccer Reporter Youth Soccer Reporter Soccer on TV Soccer America Classifieds Game Report
Paul Gardner: SoccerTalk Soccer America Confidential Youth Soccer Insider World Cup Watch
RSS Feeds Archives Manage Subscriptions Subscribe
Order Current Issue Subscribe Manage My Subscription Renew My Subscription Gift Subscription
My Account Join Now
Tournament Calendar Camps & Academies Soccer Glossary Classifieds
D.C. United's lead partner sells out
by Ridge Mahoney, May 22nd, 2009 7AM
Subscribe to Soccer America Daily

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
MLS Cup: Remaining tickets sell out in three minutes    
Major League Soccer announced that tickets Saturday's MLS Cup between Toronto FC and the Seattle Sounders ...
What They're Saying: Chapecoense mourner Claudiane Penegalli     
"It creates indignation because it was a human failure. It wasn't a problem with nature, with ...
What They're Saying: Simon Grayson    
"You expect it in the playground between 4- or 5-year-olds, not from two professionals who've been ...
MLS Moves: Quakes decline options on nine players    
Former U.S. national team defender Clarence Goodson, former U.S. U-20s Marc Pelosi and Tommy Thompson and ...
MLS Moves: Former Xolos sign with Atlanta and SKC    
Two Americans who began their pro careers at Mexico's Tijuana have signed contracts with MLS clubs. ...
Video Pick: Pulisic's pocket warmer    
Both had a laugh when Christian Pulisic entered Borussia Dortmund's 4-1 win over Borussia Moenchengladbach and ...
U.S. U-17 boys crush competition at Nike Friendlies    
The USA won the U-17 Nike International Friendlies competition in convincing fashion, clinching with a 3-0 ...
U.S. Abroad: Arena watches Pulisic and Johnson    
New U.S. national team coach Bruce Arena watched Christian Pulisic play at Borussia Dortmund as he ...
U.S. U-17s boys romp again, beat Turkey, 5-1     
After opening the Nike International Friendlies with a 7-1 win over Portugal, the U.S. U-17 boys ...
U-20 WWC: USA badly outplayed in third-place game loss    
Japan outshot the USA 29-3 while beating the Americans 1-0 in the third-place game at the ...
>> Soccer America Daily Archives