Houston MLS and NWSL clubs set for $400m sale

May 21 – The MLS’s Houston Dynamo and NWSL’s Houston Dash are being sold to New York businessman and real estate mogul Ted Segal for about $400 million. 

The two teams, are currently owned by Gabriel Brener who will reportedly retain a minority stake in the organisation that owns both men’s and women’s franchises.

The sale will also include the team’s business relationship with BBVA Stadium in Houston which will this summer be one of the competition stadium hubs for the Concacaf Gold Cup.

Brener took control of both teams in December 2015 after becoming a minority investor in 2008. The ownership group includes former boxer and promoter Oscar De La Hoya as well as NBA star James Harden.

Houston fans have calling for ownership changes for the MLS franchise that has failed to challenge for title honours under Brener’s ownership.

Segal, the founder and president of ESJ Group, a real estate and finance company in New York, will be expected to bring the finance that brings a change in performance.

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