D.C. United Denies That Majority Ownership Stake is for Sale

D.C. United general partner Erick Thohir has said that additional investors are being sought for the club, but denies that the majority stake is for sale. 

On Sunday, The New York Times reported that United’s owners were “quietly weighing a sale of the franchise.” The report also indicated that United officials had reached out to two current D.C. sports franchise owners–Daniel Snyder of the NFL’s Redskins and Ted Leonsis of the NBA’s Wizards and NHL’s Capitals However, Thohir is denying that the majority ownership stake in the team is up for grabs.

According to Thohir, United is in the process of seeking additional investors to join its ownership group. While the search for the investors continues, there are no plans in place to sell the majority stake. More from The Washington Post:

“If we don’t find anyone who is really good for our team, we won’t bring one in,” he said from his home in Jakarta, Indonesia. “We’re looking for someone who brings value.”

Thohir denied a New York Times story that, citing anonymous sources, said he and managing general partner Jason Levien are “quietly weighing a sale of the franchise.”

“No, not true,” he told the Insider.

Multiple MLS executives said they had no knowledge of Thohir selling the team.

Thohir and current United managing general partner Jason Levien purchased a 35% stake in the club that was held by Will Chang last fall. United is currently playing at RFK Stadium, the team’s home since its inaugural season in 1996. The team is expected to move to Audi Field–the stadium currently under construction in D.C.’s Buzzard Point neighborhood–at some point during the 2018 MLS season.

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