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
Vergaras buy out Cue brothers
August 30th, 2012 1:09AM

MOST READ
TAGS:  chivas usa, mls

MOST COMMENTED

[MLS SPOTLIGHT] Jorge Vergara and wife Angelica Fuentes have bought out their partners, Antonio and Lorenzo Cue, taking back control of Chivas USA, the club they launched in 2004 with the hope that it would be an American version of Chivas Guadalajara, the popular Mexican club they own.

The Cue brothers have run the day-to-day operations of Chivas USA, which has never totally succeeded with its original goal.

It enjoyed some success under Bob Bradley and Preki but has struggled in recent years and in the shadow of the Los Angeles area club, the Galaxy.

“We are thrilled to acquire the remaining 50 percent of Chivas USA,” said Fuentes. “We are very excited about the future that Chivas USA will have."

With a modest following and without a stadium of its own, Chivas USA has often been mentioned as the future target of ownership groups seeking to buy and relocate an existing club once MLS has decided it has reached its ceiling on the number of clubs in the league.

Vergara and Fuentes own Omnilife Group.



6 comments
  1. David Sirias
    commented on: August 30, 2012 at 12:18 p.m.
    Vergara didn't get rich by being stupid. He must have decided 1) he needs to sell the team outright, 2) relocate, or 3) go all in MLS 2.0 and put down serious coin for a new LA area SSS coinciding with a re-brand. Either way, this is long past due. Fans of MLS should be cheering this.

  1. David Huff
    commented on: August 30, 2012 at 1:19 p.m.
    Vergara and Cue as owners have been terrible in that their cheapness has hobbled a club that plays in the shadow of the extravagant AEG-sponsored Galaxy w/ its 3 DP players. After losing Guzan, Kledjstan and Bornstein they really haven't been able to replace with quality players although the Agudelo acquisition was promising and the GK Kennedy is good. Preki did a good job with what he had but he knew that the future was not bright given the unwillingness of the ownership group to spend $$ to improve the team. One other thing, they need to lose the 'USA' tag and give the club a real sense of attachment and identity where it plays in Greater Los Angeles. Chivas Los Angeles and Chivas Guadalajara make sense, the generic "Chivas USA" makes no sense.

  1. Gus Keri
    commented on: August 30, 2012 at 1:46 p.m.
    How about LA Goats? although LA area is not famous for goats. It might work better.

  1. Frank Daze
    commented on: August 30, 2012 at 3:29 p.m.
    Totally agree with mr. Huff ... He couldn't have said it any better!!

  1. Frank Daze
    commented on: August 30, 2012 at 3:31 p.m.
    Mr.kerry ... Like ur idea!! LA goats. There u go mr vergara....

  1. Doug Wiggins
    commented on: August 30, 2012 at 4:44 p.m.
    If you subscribe to the AEG/Galaxy fiscal mentality, the more money you spend, the better your team will be. Unfortunately, you will also run in the 'red' year after year. Before the acquistion of Beckham, Angel, Keane and the massive salary hike given to Donovan (was that really worth it?) the Galaxy were profitable for several years. Chivas however, will never be profitable while they rent from AEG/Galaxy, as ticket sales are split 40-60 (Chivas/AEG). They also get virtually 0% of concessions (12oz Beer=$9) and parking ($25-$40 per space!) When your income cannot even cover your fixed expenses, everytime you spend an additional million dollars on a player, you are losing another $1 million! As most of the MLS teams that are profitable (or are close to profitable) have found, the 1st step towards profitablity is owning your own stadium. Chivas needs to move away from the dark shadow of AEG!


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




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Soccer America Daily
MLS labor issues remain unresolved early Wednesday morning    
The third day of talks between representatives of MLS and the MLS Players Union ended late ...
Frank Klopas on Montreal miracle: 'God never sleeps'    
The Montreal Impact made history when it became the first Canadian team (and just third MLS ...
U.S. U-17s sitting pretty, so far     
The USA opened its qualifying campaign for the 2015 U-17 World Cup with a 5-0 win ...
Video Pick: The world's best free-kick taker?     
No one has scored more free-kick goals in European club play in the last two years ...
What They're Saying: Steve Bruce    
"Unfortunately Brady has fallen down a hole in the training ground and it looks an awful ...
Real Monarchs ink deal on new stadium site    
A week after a deal for stadium at the Utah State Fairgrounds fell apart, Real Salt ...
Crew Stadium gets a name 16 years later    
MLS's oldest soccer-specific stadium finally has a name of its own. Columbus Crew SC has partnered ...
MLS Trade Central: Philly adds pair of youngsters    
The Philadelphia Union agreed to terms with Saint Louis University defender Raymond Lee and 18-year-old midfielder ...
What They're Saying: Zach Scott    
"The only thing we've talked about is if our families are alright. If you've got family ...
Lots at stake as MLS labor talks continue    
The deadline for a resolution of the talks between representatives of MLS and the MLS Players ...
>> Soccer America Daily Archives