New York, NY (SportsNetwork.com) - Major League Soccer announced Thursday that it has purchased Chivas USA from Jorge Vergara and Angelica Fuentes. Effective immediately, MLS will assume responsibility for operating the club.
The league plans to resell the club to a new ownership group that will build a new stadium and keep the team in Los Angeles. The club will play as Chivas USA during the 2014 MLS season and will be rebranded with a new team name and logo upon its sale to a new owner.
"We thank Jorge Vergara and Angelica Fuentes for their significant commitment to Major League Soccer," MLS Commissioner Don Garber said. "Jorge was an early believer in the league and he and Angelica have been great partners in MLS. We collectively agreed that it is best to sell the club to new owners who are committed to securing a new stadium and providing MLS with a strong rival for the (Los Angeles) Galaxy."
MLS plans to appoint an experienced sports executive in the near future to serve as the president of Chivas USA before a new owner is identified. Head coach Wilmer Cabrera, who joined the club Jan. 9, will continue in his position and report to the new president.