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Washington Business Journal has the scoop: Victor MacFarlane, the San Francisco investor, has sold his stake in D.C. United. The buyer is Will Chang, MacFarlane’s partner in the purchase of D.C. United. Chang now owns 98 percent of the operating rights to the team.
If you’ll recall, the plan for D.C. United’s new stadium has been re-imagined several times: First, the owners wanted to build a new stadium in Washington D.C. Then, the owners hoped to build in P.G. County. After that plan fell through too, there was speculation that the team might move as far away as Frederick County Maryland.
Here’s what MacFarlane and Chang had to say about the sale (again from WBJ):
“It has been an exciting and challenging last few years for D.C. United,” said MacFarlane, in a statement. “Though I now change my status from owner and fan to just fan, I plan to continue to champion D.C. United’s goals – on and off the field.”
MacFarlane and Chang purchased the rights to D.C. United in January 2007 from the Anschutz Entertainment Group. All other team management will remain in place.
“We have many challenges ahead for both the team and a stadium site, but I am confident we will emerge successful on both fronts – including bringing the club to a stronger international level,” Chang said. “We will only improve our strategy on and off the field.”