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AEG to sell DC United
USA - 16 October, 2006
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The Rocky Mountain news reported that Anschutz Entertainment Group (AEG) is again close to selling the rights to Major League Soccer team D.C. United which would reduce their soccer holdings to three teams.
Brian Davis, who is the managing partner of Durham, N.C.-based Blue Devil Ventures, was quoted in The Memphis Commercial Appeal newspaper. "A deal for D.C. United will be announced this month. We're buying the team for USD 33 million," he said.
Davis, who is part of an investment group D.C. United, home to 17-year-old phenomenon Freddy Adu, has been on the market since a USD 26 million deal between AEG and a Virginia investment group collapsed in January.
United is one of Anschutz's strategy to turn a profit is to use their own soccer-specific stadium but United does not have one. But it is the MLS' most successful team and has won four league championships in nine years. If the sale is completed, D.C. United would be the second team AEG has jettisoned this year. In March it sold rights to the New York/New Jersey MetroStars to Red Bull, the Austria-based energy-drink maker, while retaining a 50 percent stake in the Harrison, N.J., soccer stadium.
Brian Davis, who is the managing partner of Durham, N.C.-based Blue Devil Ventures, was quoted in The Memphis Commercial Appeal newspaper. "A deal for D.C. United will be announced this month. We're buying the team for USD 33 million," he said.
Davis, who is part of an investment group D.C. United, home to 17-year-old phenomenon Freddy Adu, has been on the market since a USD 26 million deal between AEG and a Virginia investment group collapsed in January.
United is one of Anschutz's strategy to turn a profit is to use their own soccer-specific stadium but United does not have one. But it is the MLS' most successful team and has won four league championships in nine years. If the sale is completed, D.C. United would be the second team AEG has jettisoned this year. In March it sold rights to the New York/New Jersey MetroStars to Red Bull, the Austria-based energy-drink maker, while retaining a 50 percent stake in the Harrison, N.J., soccer stadium.
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