Vergara buys out Cue, owns all of Chivas USA

Discussion in 'MLS: News & Analysis' started by AndyMead, Aug 29, 2012.

  1. AndyMead

    AndyMead America Uber Alles

    Joined:
    Nov 2, 1999
    Location:
    Seat 12A
    Club:
    Sporting Kansas City
    MLS/Chivas USA presser



  2. triplet1

    triplet1 BigSoccer Supporter

    Joined:
    Jul 25, 2006
    Location:
    Stuck in the Middle
    So, the "managing partners" have departed.

    Did they jump, or were they pushed?

    Garber in a recent Sporting News interview:

    "We have, like all leagues, markets that we’d like to see perform better. Chivas (USA) is an example of that. We have MLS staff in those offices working closely with them to try to improve that situation, just as an example. But there are a handful of markets we’d like to see do better."

    http://aol.sportingnews.com/soccer/story/2012-07-21/sporting-news-conversation-don-garber-part-ii

    Interesting.
  3. Howard the Drake

    Howard the Drake Member+

    Joined:
    Feb 27, 2010
    Club:
    Des Moines Menace
    There's been a lot of scuttlebutt surrounding Chivas recently--- rumors of a stadium, rumors of a name change/rebranding, Garber basically calling them out, and downsizing the HDC--- that this becomes much more interesting than the normal ownership change. You can't help but wonder if this is the first in a series of actual developments there.
  4. AndyMead

    AndyMead America Uber Alles

    Joined:
    Nov 2, 1999
    Location:
    Seat 12A
    Club:
    Sporting Kansas City
    It's interesting because since the team launched, it's all been Cue. Vergara - who was very loud in the press from the Chivas/MLS All-Star Game in 2003 through expansion of 2005 - has been a very silent partner.


  5. RapidStorm

    RapidStorm Member+

    Joined:
    Jan 30, 2005
    Location:
    Denver, CO
    The timing of this seems odd to me. I agree with Howard the Drake that it feels like there should be another shoe dropping.
  6. footballfantatic

    footballfantatic Member

    Joined:
    Mar 27, 2008
    Location:
    Ontario, California
    Club:
    Los Angeles Galaxy
    Country:
    United States
    Is Vergara gaining for control to sell? Maybe he feels he can get more that way by buying from Cue early. I really think there is definitely a bomb shell of an announcement coming sooner rather than later.
  7. falcon6

    falcon6 Member

    Joined:
    May 18, 2002
    Location:
    Southern California Freeways
    Hopefully he sells. The franchise is a complete joke.
    Sandon Mibut and FuzzyForeigner repped this.
  8. BirdsonFire

    BirdsonFire Member

    Joined:
    May 9, 2008
    Club:
    Chicago Fire
    This thread is missing a certain someone from the pbp thread...
    glyconerd and Jasonma repped this.
  9. Dirt McGirt

    Dirt McGirt Member+

    Joined:
    Jun 20, 2005
    Location:
    Phoenix, AZ
    Club:
    Seattle Sounders
    Country:
    United States
    He's too disappointed.
    Sandon Mibut and Jasonma repped this.
  10. Knave

    Knave Member+

    Joined:
    May 25, 1999
    Club:
    DC United
    Me? I'm waiting to see what EastLAChiva says.

    If he tells me to be disappointed, I promise I will be.
  11. Boloni86

    Boloni86 Member+

    Joined:
    Jun 7, 2000
    Location:
    Minneapolis
    Club:
    DC United
    Country:
    Romania
    Hmm ... as a DC United fan this reminds me of when Victor McFarlane divested his share of the club and Will Chang ended up with 100%.

    It's hard to spin an investor departing as a positive thing. I think it's doubtful that this would be the first step in a series of positive steps. If Vergara really wanted to splash cash at this club and fix a lot of its problems he probably could of done it it even when he was only 50 % owner.
  12. tigersoccer2005

    tigersoccer2005 Member+

    Joined:
    Dec 1, 2003
    Location:
    North Bergen, NJ
    Club:
    New York Red Bulls
    Country:
    United States
    As a fan of the league--it's hard for me to say at this point whether this is a good development or a bad development in the history of this club. We'll have to wait and see what Vergara does. I do agree though with what was said earlier--if Vergara had wanted to become a major player in Chivas USA before this he had plenty of opportunity to do so, but he chose to leave the club in Cue's hands. Was Cue holding Vergara back or was Cue following Vergara's lead? Is this about an owner getting fed up with mediocrity and wanting to step up in a big way or is this about about a financial speculation project (the team) going horribly wrong and now Vergara wanting to have the authority to sell? I will agree with the general sentiment expressed in this thread, it seems like this is only step one in something much bigger that's about to happen. What exactly that something may be is anybody's guess at this point.
  13. xbhaskarx

    xbhaskarx Member+

    Joined:
    Feb 13, 2010
    Location:
    NorCal
    Club:
    Fulham FC
    Country:
    United States
    “It has been an exciting time for Major League Soccer and we are proud of the role that we played in the growth of the League

    LOL good one
    Sandon Mibut, Mateofelipe and Mucky repped this.
  14. kenntomasch

    kenntomasch Member+

    Joined:
    Sep 2, 1999
    Location:
    El desierto
    Club:
    FC Tampa Bay Rowdies
    Country:
    United States
    Again...someone is said to have owned 50% of the team and the other someone who was said to have owned 50% of the team bought the first person's 50%. Not 50% of 49%, but 50% of 100%. And now owns 100%.

    So the "MLS owns 51% of all of its franchises" bit keeps taking hits. Or should.
    Sandon Mibut, Unak78 and Jasonma repped this.
  15. ThreeApples

    ThreeApples Member+

    Joined:
    Jul 28, 1999
    Location:
    MLSCup2014BuckShaw
    Club:
    San Jose Earthquakes
    Country:
    United States
    It never existed, so yeah.
    Sandon Mibut repped this.
  16. jathan

    jathan Member

    Joined:
    Aug 17, 2012
    Location:
    Ontario, California
    I believe whats referenced here is Vergara buying the other 50% of the half the league doesn't own. Technically he's purchased the Cue's 25% to become 100% owner of the 50% not controlled by MLS.
  17. JasonMa

    JasonMa Member+

    Joined:
    Mar 20, 2000
    Location:
    Arvada, CO
    Club:
    Colorado Rapids
    Country:
    United States
    [​IMG]
    Sandon Mibut, Unak78, Revolt and 3 others repped this.
  18. jathan

    jathan Member

    Joined:
    Aug 17, 2012
    Location:
    Ontario, California
    And thus you got trolled :ROFLMAO:
    superdave repped this.
  19. ceezmad

    ceezmad Member+

    Joined:
    Mar 4, 2010
    Location:
    Chicago
    Club:
    Chicago Red Stars
    Country:
    United States
    Didn't you say they were not really franchises?
  20. PhillyMLS

    PhillyMLS Member+

    Joined:
    Oct 24, 2000
    Location:
    SE PA
    Seems like this thread is:

    [​IMG]
    Unak78, Revolt, Ron36pc and 1 other person repped this.
  21. profiled

    profiled Moderator Staff Member

    Joined:
    Feb 7, 2000
    Location:
    Nirvana
    Club:
    Los Angeles Galaxy
    Country:
    United States
    A train-wreck is staying on topic when it comes to Chivas USA is it not?
    athletics68, xbhaskarx, Mucky and 2 others repped this.
  22. PhillyMLS

    PhillyMLS Member+

    Joined:
    Oct 24, 2000
    Location:
    SE PA
    Due to the current state of my club I believe that I'm in no position to answer such a question.
    Unak78 and profiled repped this.
  23. triplet1

    triplet1 BigSoccer Supporter

    Joined:
    Jul 25, 2006
    Location:
    Stuck in the Middle
    We won't have a better idea for awhile, but if I had to guess, the league came in an assessed the operation, told the partners that they had to invest more to fix the problems, Cue balked, either at the price tag of the additional investment or the new direction, and Vergara bought him out to clear the decks.
    Sandon Mibut, Unak78 and jathan repped this.
  24. EastLAChiva

    EastLAChiva Member

    Joined:
    Jun 26, 2007
    Location:
    Section 138
    Club:
    CD Chivas USA
    Country:
    United States
    Im really nervous about this move. Vergara is nothing more than a deadbeat dad when it comes to Chivas USA. Cue had a vision but Vergara pulled too many strings to make this team remotely competeive. Cue was a dreamer but not a doer (until this year.)
    I really hope I'm wrong and we get a new stadium, more investment, and a plan.

    The real loser is the Chivas USA fans (I know we are not many. insert jokes here). Jose Domene is rumored to be out. This guy is a genius and an MLS salary cap expert. Think of all the trades made by us this year.

    I don't think this move will help us move away from Guadalajara to forge ourr own identity. It might be the end of all hope. Vergara is part Trump and part Donald Sterling.
    athletics68, Sandon Mibut and Unak78 repped this.
  25. edwardgr

    edwardgr Moderator Staff Member

    Joined:
    Mar 6, 2006
    Location:
    Seattle
    Club:
    Seattle Sounders
    Country:
    United States

    So an inept control freak, who wants to win at all costs, so long as the costs are free.
    Sandon Mibut and Mateofelipe repped this.

Share This Page