Bloomberg reports and Black and Red United can independently confirm that Erick Thohir and Jason Levien, the Managing Partner and Managing General Partner of D.C. United, respectively, have bought out Managing Partner Will Chang’s 40 percent share in the club for an unreleased amount, and now have 100 percent ownership in the team.
Chang, who also owns Major League Baseball’s San Francisco Giants, first purchased the team in 2007 that included former Duke Blue Devils basketball players Christian Laettner and Brian Davis, among others. Chang’s friend, Victor MacFarlane, was part of this group and hoped to build a stadium at Poplar Point before this proposal collapsed, forcing MacFarlane to sell his stake in the team in 2009.