Soon-Shiong buying big part of D.C. United
Billionaire Patrick Soon-Shiong is in the final stages of completing a deal to become a major stakeholder in D.C. United, according to a source close to the negotiations who declined to speak on the record because an agreement hasn’t been signed.
Soon-Shiong, who owns a small stake in the Lakers and recently reached a deal to purchase the Los Angeles Times and the San Diego Union-Tribune, is leading a group to buy about a 78% stake in the Major League Soccer club currently held by majority owner Erick Thohir, an Indonesian businessman.
A deal, which would value D.C. United at about $500 million, is expected by the end of the month. — Kevin Baxter
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