Real estate developer Ted Segal is close to purchasing Houston Dynamo FC for close to $400 million, Sportico reported Wednesday.
Segal is founder and president of New York-based EJS Group. The deal will include the Houston Dash of the National Women’s Soccer League and the team’s business holdings with BBVA Stadium, according to Sportico.
Current majority owner Gabriel Brener is slated to retain a minority stake in the Dynamo. He invested in the team in 2008 and became the main owner in 2015.
Among the minority owners are former boxer Oscar De La Hoya and NBA star James Harden.
The Dynamo won back-to-back MLS titles in 2006 and 2007 but haven’t been a contender in recent seasons. Houston has been part of the playoffs just once in the past seven campaigns.