Local Houston Dynamo ownership still sought

Houston Dynamo

AEG is still seeking local Houston Dynamo ownership, but there apparently is no buyer close to signing a deal, as the firm led by billionaire Phil Anschutz continues to operate at BBVA Compass Stadium.

AEG, once the major financial force behind AEG with ownership of six teams, now has just two teams in the circuit: the Dynamo and the LA Galaxy, with a 50 percent stake in the Dynamo. Once the Houston Dynamo ownership passes to a local group, you may never see a situation where there is one owner controlling so many franchises — or even two franchises.

That the team is for sale is no surprise: an attempt to sell the Dynamo to Houston Rockets owner Les Alexander fell through two years ago. But given that MLS Commissioner Don Garber addressed the state of the team during a media briefing last Friday indicates that there may be some sort of more concerted effort to sell the team, per the Houston Chronicle:

“I won’t say the Dynamo are actively for sale,” Garber said. “But I will say that Phil Anschutz and his group are looking for their share to be bought out by a local group that will be as committed to the franchise. They have spoken with several people.”

Garber did not offer specifics on the local groups that have spoken with AEG….

“Nothing has changed with regards to our ownership situation,” Dynamo president Chris Canetti said. “The position of the league and of our owners has remained consistent over the years. The owners are committed to our goals and are supporting the Dynamo to the fullest extent.”

The Dynamo is regarded as one of the more stable MLS franchises, showing solid profits since the opening of BBVA Compass Stadium.

Image courtesy Houston Dynamo.

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