Article: Local Group Pays $26 Million for United

D.C. United got itself a new group of investors yesterday, a $26 million deal that will shift the club's operating rights from billionaire Phil Anschutz to locally based Global Sports and Entertainment. In the process, United hopes the long-awaited sale will accelerate plans for a proposed medium-sized soccer stadium at Poplar Point in Anacostia.

The new group is led by Kevin Payne, United's president and chief executive offer, who will maintain control of the club's front office. Willi Lauterbach, a German-born real estate investor who lives in Northern Virginia, and Tim Kissler, a former executive with prominent Washington developer John Akridge Co., were introduced as part of the ...

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