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Red Bull to buy AEG's share of Harrison stadium
USA - 31 July, 2007
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Red Bull has closed up the final gap of its purchase of the MLS club formerly known as the MetroStars. The company announced it has purchased a 50-percent share of the Harrison, New Jersey stadium to take complete control of the outfit.
As Red Bull purchased the club from Anschutz Entertainment Group (AEG), such is the case with the remaining stadium shares, now giving the club control of the stadium project, due for completion in fall of 2008. Red Bull and AEG had tangled over issues during construction.
Financial details of the deal were not made available.
The cost of the stadium project originally was at USD 100 million, but some estimates have more than USD 20 million more being spent.
As Red Bull purchased the club from Anschutz Entertainment Group (AEG), such is the case with the remaining stadium shares, now giving the club control of the stadium project, due for completion in fall of 2008. Red Bull and AEG had tangled over issues during construction.
Financial details of the deal were not made available.
The cost of the stadium project originally was at USD 100 million, but some estimates have more than USD 20 million more being spent.
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