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