Categorized | MLS, News

Vergara purchases full stake in Chivas USA

Posted on 30 August 2012 by iyeo

Chivas USA has undergone a major shakeup at the top, and where that leads the franchise from here on out remains to be seen.

Jorge Vergara, owner of Chivas Guadalajara and part owner of the Los Angeles-based MLS club since its inception, annoucend on Wednesday that he along with his wife, Omnilife CEO Angelica Fuentes, had bought out the stake owned by Antonio and Lorenzo Cue and are now fully in control of the club.

“It has been an exciting time for Major League Soccer and we are proud of the role that we played in the growth of the League,” Antonio Cué said in a statement.  “We have enjoyed our time with Chivas USA, and we would like to thank our fellow MLS owners and the League office.”

The Cue brothers and Vergara founded the franchise in August of 2004 and the team began play in 2005 at the Home Depot Center, home of the Los Angeles Galaxy. After a subpar first season, the team was a perenial playoff team, making the playoffs from 2006-2009 and its highest honor came in 2007 when it won the regular season Western Conference title as well as that year’s Honda Spuerclasico against the Los Angeles Galaxy, the only year it has won the in-stadium series from its most prominent neighbor. The team however has never advanced past the first round of the playoffs in the four years it was there and has recently fallen on hard times, failing to make the playoffs the last two season and is in danger of missing out on the postseason for a third straight time. Despite rallying from a three-goal deficit to tie the New England Revolution on Wednesday at Gillette Stadium, Chivas USA still sits two spots out of the fifth and final playoff berth in the Western Conference and nine points back of the Vancouver Whitecaps, who currently occupy that fifth spot, though that hasn’t tempered Vergara’s enthusiasm about the future potential of the club.

“We are very excited about the future of Chivas USA,” stated Vergara.

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