SBD/June 1, 2012/Franchises

DC United Owner Will Retain Significant Stake Even If New Investors Finalized

Chang has been United's lone investor three years now after buying out others
DC United Owner Will Chang said that he "would retain a ‘significant part’ of the MLS club if, as expected, a deal with new backers is finalized this summer,” according to Steven Goff of the WASHINGTON POST. Chang said, “I love this team, I’m not getting out and I will continue to own a significant part of this team.” Chang "declined to discuss the negotiations or possible investors," but sources said that 76ers investor Erick Thohir is "close to purchasing the majority share" of the MLS club. The sources added that a "second new investor, an American with sports connections, is also planning to invest in the club." Goff noted the identity of the second investor "couldn’t be ascertained.” Chang said, “I don’t have an agreement. We’re talking to several parties, I am getting a lot of interest, and that’s where we are. I don’t have anything concrete right now.” Goff noted Chang “has been United’s lone investor for three years after buying out Bay Area partner Victor MacFarlane and, later, other backers.” Chang said that additional investment is needed “to help us get a stadium” (WASHINGTONPOST.com, 5/31).
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