D.C. United’s Thohir, Levien Buy Out Team’s Minority Ownerby
Erick Thohir, Jason Levien acquire William Chang’s 40 percent
United is building $350 million stadium development for 2018
D.C. United’s managing partners Erick Thohir and Jason Levien have bought out partner William Chang’s 40 percent stake in the team, giving the pair complete ownership of Washington’s Major League Soccer club.
Levien declined to say how much he and Thohir paid or what valuation was placed on the club. The deal includes some debt held by Chang, who is also on the executive committee of Major League Baseball’s San Francisco Giants. Chang sold a controlling interest in D.C. United to Thohir and Levien in 2012.
The franchise is in the middle of a $350 million development project that includes a new stadium, scheduled to open in 2018. The club currently plays at RFK Stadium.
Thohir, co-founder of the Indonesia-based Mahaka Group, an entertainment company, also has a controlling stake in Italian professional soccer club Inter Milan. Levien is a part-owner of the English Premier League’s Swansea City.
D.C. United, which was founded in 1996 and once owned by George Soros, has won 10 games, lost 9 and tied 13 this season. The team currently holds an Eastern Conference playoff spot with two games remaining.