Sources: Rockets Owner Close To Finalizing Deal To Buy MLS Dynamo
Rockets Owner Les Alexander is "in the final stages of negotiations to purchase the Dynamo and secure the 30-year lease and development agreement on BBVA Compass Stadium," according to sources cited by Jose de Jesus Ortiz of the HOUSTON CHRONICLE. Sources said that the deal "is not complete, but the sides are close." AEG owns 50% of the Dynamo, while Golden Boy Promotions President Oscar de la Hoya and Brener Int'l Group Chair & CEO Gabriel Brener own 25% each. The sale price "is unknown." AEG, which "at one point owned six MLS teams," still owns the L.A. Galaxy. Since arriving in Houston from San Jose for the start of the '06 season, the Dynamo "are one of the most successful franchises in MLS." Dynamo games "could serve as more programming for the new television network formed by the Rockets, Astros and Comcast" (HOUSTON CHRONICLE, 8/17). The CHRONICLE's de Jesus Ortiz in a separate piece noted AEG "did the heavy lifting, working hard to secure the East End site and then build beautiful BBVA Compass Stadium." Alexander "knows how to win" and he "understands international appeal." In Alexander, Dynamo "fans will know that they have a local owner whose MLS loyalty is with the Dynamo and no other MLS team." Rockets CEO Tad Brown also "loves soccer" (CHRON.com, 8/16).