Will Chang has sold his 35 percent stake in D.C. United to the current majority group, headed by Indonesian businessman Erick Thohir. Terms were not disclosed.
Chang was an investor since 2007, when he and fellow Bay Area-based executive Victor MacFarlane purchased United’s operating rights from Anschutz Entertainment Group. Chang became the face of ownership, often attending home and away matches and mingling with supporters at pregame tailgate parties and in the stands.
When MacFarlane bailed two years later amid financial troubles, Chang kept the club afloat until Thohir’s group bought into the club in 2012. Thohir’s partners include Indonesian businessman Handy Soetedjo and Washington-based sports executive Jason Levien.