SBJ/July 16 - 22, 2007/This Weeks News
Fire sale: AEG has deal to sell Chicago team
Published July 16, 2007
AEG has a preliminary agreement to sell the MLS Chicago Fire to Andell Holdings, an investment firm owned by Andrew Hauptman and his wife, Ellen Bronfman Hauptman, Andell Holdings confirmed.
“The transaction is expected to be completed within 30-45 days and is subject to various closing conditions, including approval by MLS,” Andell Holdings said in a statement to SportsBusiness Journal. Andell Holdings would not disclose financial terms.
Michael Roth, a spokesman for AEG, would not comment.
Andrew Hauptman is the chairman and CEO of Andell, which counts Vivendi Universal, Koor Industries and Dick Clark Productions among its past and present investments.
Ellen Bronfman Hauptman is the granddaughter of Samuel Bronfman, who founded and owned the spirits company that became The Seagram Co., and is the daughter of Charles Bronfman, who owned the Montreal Expos from 1968 to 1990.