A source says the Morningstar founder is paying $204 million for the 51% of the team he didn’t already own, which would value the club at $400 million—a considerable premium above Forbes' most recent valuation.
This deal is the latest in a flurry of MLS team transactions. Last month, former Microsoft executive Terry Myerson led a group of investors including Russell Wilson, Ciara and Macklemore inin the Seattle Sounders. The month before, NBA star James Harden bought a roughly 3.5% stake in the Houston Dynamo for $15 million, valuing the club at $425 million .
Billionaire Joe Mansueto, who founded financial services firm Morningstar, is now the sole owner of the Chicago Fire; his purchase has valued the team at $400 million.The Fire have long been saddled with one of the worst stadium deals in American pro sports.
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