SBD/August 30, 2012/Franchises

Jorge Vergara Becomes Sole Owner Of MLS Chivas USA After Buying Out Partners

Vergara and his wife have been part of the club's ownership since it joined MLS in '05
Jorge Vergara and his wife, Angelica Fuentes, yesterday bought out partners Antonio and Lorenzo Cue to become the sole owners and managing partners of MLS club Chivas USA. Vergara and Fuentes, who also own Liga MX club Chivas de Guadalajara, had owned 50% of Chivas USA and have been part of the club's ownership since it joined MLS in '05 (Christopher Botta, SportsBusiness Journal). A source said that the Cues "had an opportunity to assume sole ownership but declined, opening the door for Vergara and Fuentes to take over." In L.A., Kevin Baxter notes Vergara and his wife have been "active owners in Mexico, having changed managers 16 times in 10 years while winning just one title." Antonio Cue was Chivas USA's President and co-Owner "before Wednesday." His brother, while a part owner of the team, "did not have a formal position in the front office although he was actively involved in Chivas USA's day-to-day operations" (L.A. TIMES, 8/30). FOXSPORTSWEST.com noted aside from being part of the MLS club's creation in '04, Antonio and Lorenzo Cue "collaborated with various committees of MLS owners to expand the league from 12 to 19 teams in the US and Canada." Antonio Cue said, “We have enjoyed our time with Chivas USA and we would like to thank our partners, owners and the league office” (FOXSPORTSWEST.com, 8/29).
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Franchises, MLS, Chivas USA

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