Chicago MLS franchise sold to Andell Holdings

September 5, 2007

LOS ANGELES -- Private investment firm Andell Holdings has closed its deal to buy the Chicago Fire soccer team from sports giant Anschutz Entertainment Group, the companies said.

The purchase price was not disclosed. Closing of the deal was to be announced Thursday.

Andell Holdings chief executive Andrew Hauptman said he has no immediate plans for the franchise, but intends to build a winning team.

"We invest to win and this is going to ...

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