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
Where to Watch European Soccer    
The new European club season has started up. Here are places Soccer America readers recommend where ...
Prague-bound Garza and Corona get starts    
[AMERICANS ABROAD] Joe Corona and Greg Garza, who will join the USA for its match at ...
Davis engineers stunning Houston win over Sporting KC    
[MLS: Week 25] The Houston Dynamo was not bothered by an 80-minute weather delay, stunning defending ...
What They're Saying: Sasho Cirovski    
"Louisville raised the bar. This is the high tide that's going to raise all the ships." ...
Seattle Reign dominates NWSL Best XI selections    
[AWARDS] The regular-season champion Seattle Reign FC leads all teams with four players on the 2014 ...
U.S. under-20 men's national team roster    
[BUENOS AIRES CAMP] U.S. under-20 men's national team head coach Tab Ramos named a 19-player roster ...
U.S. women's national team roster    
[SALT LAKE CITY CAMP] Jill Ellis will get her first extended look at her current U.S. ...
USA-Honduras match set for Boca Raton    
[DATEBOOK] The USA will face Honduras on Oct. 14 in Boca Raton, Florida. The Catrachos will ...
What They're Saying: Jurgen Klinsmann    
"We have watched Jordan through our youth national teams and in the Development Academy for the ...
Possible Jones debut and RFK rumble on tap    
[MLS: Three Games to Watch] The possible debut of USA midfielder Jermaine Jones in a New ...
>> Soccer America Daily Archives