MetroStars sold and renamed Red Bull New York
March 9, 2006
Anschutz Entertainment Group, owned by Denver billionaire Philip F. Anschtuz, completed an agreement Thursday to sell the team to Red Bull Co. Ltd., an Austrian firm that manufactures an energy drink. Red Bull also bought naming rights for the soccer stadium the team hopes to build in Harrison, N.J., and will have 50 percent ownership. AEG will be in charge of building and operating the stadium.