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For Immediate Release http://sandiegomlsproject.com March 9th 2006.
RED BULL PURCHASES METROSTARS AND
INVESTS IN SOCCER-SPECIFIC STADIUM
World's Leading Energy Drink Re-brands Team Red Bull New York
NEW YORK (Thursday, March 9, 2006) - Red Bull Company Limited, the Austrian company that produces the world's leading energy drink, today finalized an agreement to purchase the MetroStars of Major League Soccer and partner with AEG on the construction of the team's soccer-specific stadium in Harrison, New
Jersey. With the purchase, the team will be re-branded as "Red Bull New York
Red Bull's agreement with AEG, the team's former investor-operator, was approved by the MLS Board of Governors today, and includes the two companies joining together to invest in the custom-built stadium for the team in Harrison . As part of the agreement, Red Bull also purchased naming rights to the soccer-specific stadium. Red Bull will have a 50 percent ownership stake in the facility, and AEG will remain responsible for constructing, managing and booking the venue.
"The addition of Red Bull into our group of owners is a landmark moment for Major League Soccer and for all Tri-State area soccer fans," MLS Commissioner Don Garber said. "Red Bull founder Dietrich Mateschitz brings international credibility and proven, innovative marketing expertise to Major League Soccer. His presence on the MLS Board of Governors
provides another authentic, avid soccer fan to our diversifying set of investors."
Red Bull New York New York
With Red Bull's eastern regional offices located in Hoboken , N.J. , its commitment to the metropolitan New York Austria
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