Saturday, September 8, 2007

LA Firm Buys Chicago Fire

There is money to be made in soccer, and more and more investors want to get on board. The new owners of the Fire have produced movies and have interests in other sports and entertainment properties. Terms of the deal were not disclosed:

AEG, a unit of Denver-based Anschutz Co., will continue to have interests in two other MLS teams, the Los Angeles Galaxy and Houston Dynamo, and Hammarby Football Club in Sweden. The company, recently sold the operating rights to DC United for a league-record $33 million.

Hauptman said he bought the team because of the growing popularity of soccer worldwide and the enthusiasm of Chicago sports fans.

"Who in their right minds wouldn't want to own a sports team in Chicago?" Hauptman said. "It's the global game. We're interested in seeing it grow further in the U.S. and in Chicago."