Houston Dynamo sale in the works

BBVA Stadium

We have another MLS-related sale in the works, as New York City real-estate developer Ted Segal is purchasing a majority share of the Houston Dynamo, Houston Dash (NWSL) and BBVA Stadium.

The Houston Dynamo sale has not been officially announced but has been confirmed by several media outlets.

Segal is buying the majority share of the operation from a group headed by Gabriel Brener and includes Oscar De La Hoya and James Harden. This group will maintain a minority share of the team.

The team started as the original San Jose Earthquakes and moved to Houston in 2005.

No sale price for the teams and stadium has yet been reported. A recent agreement by the Wilf Family to purchase a similar set of assets–MLS’s Orlando City SC, the NWSL’s Orlando PrideExploria Stadium and the Orlando City academy system–was priced north of $400 million. Segal had explored purchasing the Orlando assets as well as a similar package including Real Salt Lake and stadium assets. However, Real Salt Lake remains on the market, as the league works to connect the assets and a buyer.

RELATED STORIES: Orlando City SC sale in the works?; Orlando City SC sale on tap? Depends on whom you askAlbert Friedberg Buys Minority Share of Orlando City SC

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