Deals
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
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.