• Loading stock data...
Thursday, December 12, 2024

D.C. United Reportedly Selling Minority Stake at $800M Valuation

  • D.C. United is reportedly closing in on a stake sale to several new investors.
  • The deal is thought to be an MLS valuation record for a club selling a minority stake.
DC-United
Geoff Burke-USA TODAY Sports

D.C. United might hold Major League Soccer’s worst record this season, but it’s reportedly on the verge of securing a landmark investment.

The club is close to landing an $800 million valuation through a minority stake sale to several new investors, according to a report, which is thought to be an MLS record for a club selling a minority stake. The highest-valued MLS team is Los Angeles FC at a reported $860 million.

  • D.C. United’s valuation includes $150 million in debt.
  • The investment covers up to 5% of the team.
  • The investors’ identities participating in the round is reportedly unknown.

Last year, D.C. United inked a $710 million valuation following an investment from New Orleans Saints running back Mark Ingram II

A few months later, the club announced another round from investors including rapper Yo Gotti and Swansea City AFC owner Jake Silverstein, who also recently purchased a stake in the Brisbane Bullets.

D.C. United Holdings paid Anschutz Entertainment Group $33 million for the team in 2007.

Soccer Sportsbook

The investment comes just months after FanDuel’s retail sportsbook at D.C. United’s Audi Field began taking wagers — the first of its kind at an MLS stadium. The venue, also home to the NWSL’s Washington Spirit, does not offer mobile betting.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Belichick Makes UNC Intentions Clear: ‘I Didn’t Come Here to Leave’

North Carolina formally introduced Bill Belichick on Thursday.

NBA Cup Schedule May Benefit Losing Teams, League Exec Defends Format

An NBA executive told FOS all stakeholders agreed on the format.

Army-Navy Is Always Big. This Year’s Game Holds Special Significance

This year’s edition of America’s Game carries extra luster for several reasons.
Nov 3, 2024; Harrison, New Jersey, USA; New York Red Bulls midfielder Lewis Morgan (9) heads a ball during the first half against the Columbus Crew in a 2024 MLS Cup Playoffs Round One match at Red Bull Arena.

MLS Team to Play in ‘Sports Illustrated Stadium’ in $100M Naming Deal

It’s a partnership with a sister ticketing platform company, not the magazine.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.

Mets: Not Concerned About Lower-Revenue Clubs After Soto Signing

The club dismisses concerns about fundamentally resetting the sport’s salary scale.
Tilman Fertitta
December 11, 2024

Rockets Owner Tilman Fertitta in Line for Trump Appointment, Wants to Buy..

Fertitta had given hundreds of thousands of dollars to Trump.
Nov 17, 2024; Chicago, Illinois, USA; Former quarterback and current NFL announcer Tom Brady looks on before the game between the Chicago Bears and Green Bay Packers at Soldier Field.
December 12, 2024

Tom Brady to Have ‘Huge’ Impact on Raiders, Says Mark Davis

“His role is undefined right now,” Davis said of Brady.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
December 10, 2024

More to A’s Offseason Spending Plans Than Meets the Eye

Revenue-sharing guidelines are helping fuel the increased spending.
Joe Tsai
December 10, 2024

NFL Owners Set to Vote on Dolphins, Bills Stakes for Tsai, Carter,..

The deals are likely to be approved at the owners meetings in Dallas.
December 9, 2024

As Wizards Hit Historic Low, Leonsis Calls Season ‘Very Productive’

They’re on pace for one of the worst records in NBA history.
December 9, 2024

Have Mets Upended New York’s Baseball Hierarchy With Soto Deal?

The National League team sheds its image as an often-lovable underdog.