MLS Buys Chivas USA From Jorge Vergara and Angelica Fuentes

MLS Buys Chivas USA From Jorge Vergara and Angelica Fuentes

  • Posted by Drew Epperley
  • On February 20, 2014
  • 3 Comments

In possibly the most surprising news of the offseason, Major League Soccer has announced the purchase of Los Angeles based club Chivas USA from Jorge Vergara and Angelica Fuentes.

Effective immediately, MLS will assume responsibility for operating the club. MLS will appoint an experienced sports executive shortly to serve as the president of Chivas USA during this interim period. Head Coach Wilmer Cabrera, who joined the club January 9, will continue in his position and report to the new president.

[quote align=’right’]“We thank Jorge Vergara and Angelica Fuentes for their significant commitment to Major League Soccer,” MLS Commissioner Don Garber said. “Jorge was an early believer in the league and he and Angelica have been great partners in MLS. “We collectively agreed that it is best to sell the club to new owners who are committed to securing a new stadium and providing MLS with a strong rival for the LA Galaxy.” [/quote]In the coming months, the league will resell the club to a new ownership group that will be committed to building a new stadium and keeping the team in Los Angeles.  The league has had initial discussions with a number of very qualified potential owners and intends to finalize an agreement with a new group sometime this year.

The club will play as Chivas USA during the 2014 MLS season and will be rebranded with a new team name and logo in connection with the sale to a new owner.

Vergara was part of the original ownership group that purchased an expansion team that began play in 2005, and he and Fuentes became sole owners of the club in 2012.

Like I said from the top, this is possible the most surprising news to come out of the league in some time. Vergara was at once calling for someone to buy Chivas for $100 million, similar to the number MLS charged for NYCFC to join the league. While we don’t know the number that the league bought the club for, you have to think that Vergara came away with plenty of money, after all he did only have to pay around $8 million to start the club.

Whomever buys this club will have a tall task in front of them to rebrand this team and get the locals excited about the team again. At least they will be buying a pretty solid youth system though, which will help down the road.

 

  • evan

    There’s no need for two teams in L.A. so long as there are so many other cities who want in to MLS. Hopefully this talk of keeping the team in L.A. is just lip service to avoid the idea of a lame duck team, and the team will later be moved to San Antonio, Sacramento, or St. Louis…

    • So you’d rather not have local derbies in MLS then? It is going to take a lot….a lot for MLS to move this club out of LA.

      • evan

        i think a Sacramento v. S.J. and v. L.A. rivalry, or a San Antonio vs. Dallas and v. Houston rivalry, or a St. Louis v. K.C. and v. Chicago rivalry would be better than two teams in L.A. … L.A. isn’t really a very good pro sports town when you think relative to how many people live there. NFL has been without a L.A. team for how long now? it’ll be interesting to see what happens with Chivas USA attendance this year. i doubt it’ll increase much…