DC United Sells Majority Stake in Loudoun United Soccer Team | Headlines

An proprietor of minor league baseball groups within the area has purchased a majority stake within the Loudoun United soccer group.

DC United, which based the group, introduced Thursday that it has agreed to promote the membership’s stake within the United Soccer League (USL) championship to Obtain sports activities and leisure.

Attain, led by CEO and managing accomplice Greg Baroni, will take over the operation of the membership forward of the 2023 season, which begins subsequent month. Baroni will function the group’s principal proprietor and symbolize the membership on the USL Board of Governors.

DC United based Loudoun United FC in 2019 as the primary skilled soccer group in Northern Virginia. Accompanying the membership’s institution was the event of a 5,000-seat stadium, Segra Discipline, in Leesburg, which serves as the house for Loudoun United in addition to skilled rugby union, concert events, native sporting occasions and extra.

“Our resolution to subject a group and construct a stadium within the area exhibits our dedication to rising the game within the Northern Virginia group and its skill to foster group, create financial development and supply leisure for residents and guests to the area. area. stated Jason Levien, CEO and Co-Chairman of DC United. “We’re extraordinarily happy with what we’ve achieved with the membership and are assured that the sale … will take us to new heights.”

Attain Sports activities & Leisure additionally owns the Baltimore Orioles baseball group, the Double-A minor league affiliate Bowie (Md.) Baysox, the Frederick (Md.) Keys MLB draft league, and a group Atlantic League baseball membership but to be named, additionally based mostly in Federico. Baroni can be the founder and CEO of the consultancy Attain Companions and the non-public fairness agency Attain Capital Companions.

He at present chairs the Northern Virginia Know-how Council, the commerce affiliation representing the area’s expertise group and one of many largest regional expertise councils within the nation.

“We’re excited to hitch Loudoun United FC and the USL in partnership with the possession of DC United and look ahead to constructing on the momentum that Jason Levien and the group have created,” Baroni stated. “I’ve an amazing ardour for the game of soccer and am dedicated to working collectively to enhance the fan expertise and proceed to strengthen the connection to the Northern Virginia group.”

Phrases of the deal weren’t disclosed.

Loudoun United FC will start the 2023 season on the street in opposition to Memphis 901 FC on March 11. The group’s first dwelling sport will likely be in opposition to San Antonio FC on March 19.