New MLS team. Interesting ownership group.

[USAF]

Along with Nguyen, Guber and Penn, the new team’s ownership group includes: Ruben Gnanalingam, co-owner of the English Premier League’s Queens Park Rangers, Vincent Tan, owner of the Football League Championship’s Cardiff City and FK Sarajevo of the Premier League of Bosnia and Herzegovina, Earvin “Magic” Johnson, former Los Angeles Lakers star, Chairman and CEO of Magic Johnson Enterprises and an owner of the Los Angeles Dodgers, Mia Hamm Garciaparra, U.S. women’s soccer great, Tony Robbins, America's #1 life and business strategist, best-selling author, entrepreneur and philanthropist, Nomar Garciaparra, former Major League Baseball star and SportsNet LA baseball analyst, Larry Berg, senior partner at Apollo Global Management and a co-owner of AS Roma, Allen Shapiro, CEO of Dick Clark Productions and managing partner of Mosaic Media Investment Partners, Chad Hurley, co-founder and former CEO of YouTube and the founder and CEO of MixBit, Rick Welts, President and COO of the Golden State Warriors Basketball Club, Bennett Rosenthal, co-founder and senior partner of Ares Management and a co-owner of AS Roma, as well as Kirk Lacob, Mark Leschly, Mike Mahan, Irwin Raij, Paul Schaeffer, Brandon Schneider, Jason Sugarman and Harry Tsao. A few additional prominent owners are expected to be added to this list shortly.

http://www.mlssoccer.com/news/articl...am-los-angeles

[Gamma]

Suh much people own one team? Wonder how they will structure it because that could be so unwieldy ..... Maybe a holding company?

[Peter R]

Aren't they simply shareholders? with Nguyen, Guber and Penn (or whoever) majority shareholders?

[Hortical]

Why anedda team in LA? This is a sport with limited fans, even in big cities.
Splitting the fan base....

[Islandman]

Must be. Minority shareholders with high profile names.

[Me]

Suh much people own one team? Wonder how they will structure it because that could be so unwieldy ..... Maybe a holding company?

It is probably the same structure as many teams in America. An entity owns the team and they have raised capital from a bunch of minority individuals to contribute to the bid. Those people are likely limited partners who don't have much say (if any) in day to day decisions.

[Gamma]

My guess too

[Me]

Why anedda team in LA? This is a sport with limited fans, even in big cities.
Splitting the fan base....

The Galaxy has a full fan base and the LA metro area is one of the few places in the US that has enough football fans (white and non white) to support two teams. Before the mixup with ownership Chivas had 15k of attendance despite using the Galaxy's stadium, using a club name that alienates many non Mexicans and Mexicans and was poorly run.

If they really plan to play in downtown LA, which is pretty far from the Galaxy, and they are well run, then they can be successful.