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Article: United Is Back On the Market; Firm Withdraws From Agreement
- Article from:
- The Washington Post
- Article date:
- January 18, 2006
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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Six months after announcing its operating rights had been sold for
an MLS-record amount, D.C. United is going back on the market. Global
Development Partners, a real estate firm founded by Northern Virginia
executives Willi Lauterbach and Timothy Kissler, has withdrawn from
an agreement that had been trumpeted as the most lucrative in league
history, an estimated $26 million.
Anschutz Entertainment Group (AEG), which has operated United
since 2001, will continue to run the club until a new buyer is found.
"It was a mutual decision," United President Kevin Payne said
yesterday. "There were concerns on both sides that this probably was
not ultimately going to be the right fit for anybody."
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