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L.A. Soccer Team Gets Record-Setting $700 Million-Plus Valuation

  • Owners bought half of Vincent Tan’s 20% stake, eye other half
  • The LAFC deal marks an all-time-high valuation for MLS club
Members of the LAFC celebrate a goal during a match on May 24.
Members of the LAFC celebrate a goal during a match on May 24.Photographer: Shaun Clark/Getty Images

Owners of the Los Angeles Football Club have partially bought out a stake held by Malaysian businessman Vincent Tan in a deal that values the club at more than $700 million, the most ever for a Major League Soccer team, according to people familiar with the situation.

A handful of the club’s current owners bought half of Tan’s 20% stake, said the people, who asked not to be identified because the agreement isn’t public. The group plans to buy the other half internally as well.