HOUSTON -- An investor group led by boxer Oscar De La Hoya is negotiating to buy a 50 percent stake of the MLS champion Houston Dynamo, according to broadcast and published reports.
De La Hoya along with Gabriel Brener, a shareholder in the boxer's company, Golden Boy Promotions, are reportedly looking to partner with team investor-operator Anschutz Entertainment Group.
AEG spokesman Michael Roth told Houston television station KRIV and the Houston Chronicle that negotiations with the group led by De La Hoya were progressing rapidly. Roth says a deal could be finalized Friday when AEG meets with De La Hoya.
The Houston Dynamo are set to open the 2008 Major League Soccer season at New England on March 29th, a rematch of last season's MLS Cup championship game. The Dynamo beat the Revolution to win their second straight title.
The Dynamo relocated to Houston from San Jose, California, two years ago.
Copyright 2008 by The Associated Press