MLS News: Jorge Vergara and Angelica Fuentes Acquire Complete Ownership of Chivas USA
Antonio and Lorenzo Cue leave the institution in the hands of the successful business partners
On Wednesday, August 29, Chivas USA announced that Jorge Vergara and Angelica Fuentes have acquired the remaining 50 percent of the Chivas USA franchise from their former partners, Antonio and Lorenzo Cue, making Vergara and Fuentes the absolute owners of the Major League Soccer club.
The Cue brothers were currently the day-to-day operators of Chivas USA. Previously, Jorge Vergara and Angelica Fuentes held 50 percent ownership of Chivas USA since its creation in 2004.
“We are thrilled to acquire the remaining 50 percent of Chivas USA,” said Fuentes. “We are very excited about the future that Chivas USA will have,” added Vergara.
In addition to Chivas USA, Jorge Vergara, Counsel President of Administration of Omnilife Group – Chivas, and Angelica Fuentes, Executive President of Omnilife Group – Chivas, since 2002 control one of the most successful soccer clubs, Club Deportivo Guadalajara, also known as Chivas.
Aside from being part of its creation in 2004, the co-owners of Chivas USA, Antonio and Lorenzo Cue, collaborated with various committees of MLS owners to expand the league from 12 to 19 teams in the U.S. and Canada.
“It has been a great honor to be a part of MLS and we are very proud of the role we have played in the growth of the league,” said Antonio Cue. “We have enjoyed our time with Chivas USA and we would like to thank our partners, owners and the league office.”
“Chivas USA entered MLS in 2005 at a crucial stage for North American football,” said MLS Commissioner Don Garber. “Antonio and Lorenzo Cue have been owners and greatly passionate, in addition to partners for the last eight years. I would like to express my eternal gratitude to the Cue family for their support and confidence in United States soccer. We hope to work closely with Jorge and Angelica as new partners of the club.”
About Chivas USA: Founded in 2004, Los Angeles-based Club Deportivo Chivas USA has achieved remarkable success in seven full seasons in Major League Soccer. From 2006-2009, the Mexican-owned club qualified for the MLS Cup Playoffs in four consecutive seasons, to the delight of its passionate supporters. In addition, Chivas USA’s innovative grassroots programs demonstrate its deep commitment to the Southern California community, while the club’s youth teams and Soccer Academies offer unprecedented opportunities to the region’s best young talent. For more information on Chivas USA, please call 1-877-CHIVAS-1 or visit cdchivasusa.com.
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