Jorge Vergara and his wife, Angelica Fuentes, became sole owners of Major League Soccer's Chivas USA on Wednesday, buying out brothers Antonio and Lorenzo Cue, their co-owners since the club's founding eight years ago.
“We are very excited about the future of Chivas USA,” Vergara said in a news release issued on Chivas USA letterhead but written by the media relations staff of Chivas de Guadalajara, the Mexican league club Fuentes and Vergara also own.
Vergara and Fuentes had owned 50% of the team, sharing the team with the Cues. According to a league source, the Cues had an opportunity to assume sole ownership but declined, opening the door for Vergara and Fuentes to take over.
Vergara, founder of the nutritional supplement company Grupo Omnilife, and his wife, chief executive of the company, have owned Chivas of Guadalajara, a popular Mexican First Division soccer club, since 2002. They have been active owners in Mexico, having changed managers 16 times in 10 years while winning just one title.