Monday, July 9, 2012

DC United Getting New Investors

The Washington Examiner reported that DC United has new investors. Jason Levien and Erick Thohir will be introduced tomorrow afternoon at 2pm at a media event at the W Hotel downtown.  From the article:
The addition of Levien and Thohir, who are also minority owners with the NBA's Philadelphia 76ers, won't immediately reignite the stadium pursuit.  In the short term, the additional investment will give the team more financial strength to absorb losses that come with residing at RFK Stadium.  United has also fallen behind legacy teams like New York and Los Angeles, and newer MLS teams Seattle, in its ability to vie for high-priced players.
The proposed new stadium for DC United will be located in Buzzard Point, partially on land controlled by Akridge at 100 V Street.  There were some additional details released last month on the proposed stadium as well as an entertainment district.

Update: After the media event today, it appears that the new investors are making a new stadium for DC United a top priority.  From The Washington Post:
“We see a pathway and we also know we’re going to have to use our machete to get there,” said Levien, who practiced law for Williams & Connolly and served as a Democratic speechwriter, consultant and strategist before entering the sports industry. “We know there are going to be some hurdles along the way and we’re excited and energized to take them on.”

1 comment:

Anonymous said...

What's wrong with RFK? It's closer to the Metro...