NEW YORK: Major League Soccer side Chivas USA will suspend operations at the end of the MLS regular season.
Media reports claim the league has agreed to sell the club to an undisclosed investment group for around $100m and that a two-year hiatus is a pre-condition of the sale.
The club is expected to withdraw from the league for a minimum of two years until the new ownership group can plan and build a new stadium for the team. It is believed the time period will also allow the club to be rebranded with a new name.
C.D. Guadalajara owner Jorge Vergara purchased the club in 2004, naming it Chivas USA in a bid to appeal to the Mexican parent club’s extensive fan base in the Los Angeles area.
However, MLS purchased the team in February, and officials have stated that they expected to sell the club by the end of the season.
In a statement released to ESPNFC.com on Monday, MLS commissioner Don Garber said the future of the club is still to be determined.
“As I stated last week, we have met with multiple potential ownership groups during the last few months and expect to finalise a sale for Chivas USA by the end of the season,” said Garber.
“Once we have confirmed a new ownership group, we will discuss the future of the club with the MLS Board of Governors, including whether or not we are going to operate the team in 2015 and beyond.”
Chivas USA have missed out on the MLS playoffs for a fifth straight season this year and sit last in the league in overall attendance.
READ MORE AT: