Major League Soccer’s (MLS) Houston Dynamo and the National Women's Super League’s (NWSL) Houston Dash are to be sold to real estate mogul Ted Segal for around US$400 million, according to reports.
Segal is set to secure the teams from Gabriel Brener, who retains a minority stake in the teams. Brooklyn Nets guard James Harden and boxer Oscar De La Hoya are also part-owners.
When confirmed, it will signify a first move into sports team ownership for Segal, who is the founder of EJS Group, a firm that develops and finances real estate projects, primarily in the New York City area.
US soccer franchises have been securing investment increasingly in recent years as popularity in the league grows. Viewership is up by 30 per cent and the MLS earns US$90 million annually from TV rights.
Other purchases include, the Wilf family, who have agreed to purchase Orlando SC and the Orlando Pride this month for between US$400-450 million; David Tepper spent US$325 million to bring an MLS team to Charlotte. Charlotte FC will become the 28th team in the league in 2022; and Real Salt Lake is up for sale with interested buyers including New Jersey Devils and Philadelphia 76ers owner David Blitzer.
MLS league commissioner Don Garber said the league lost close to US$1 billion in 2020 and could approach that figure again this year.
Author: Jake Wilkin