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Major League Soccer buys Chivas USA from Jorge Vergara and Angelica Fuentes

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USA TODAY Sports

In perhaps the biggest news in Chivas USA history, Major League Soccer announced Thursday they have bought the club from owners Jorge Vergara and Angelica Fuentes, and will be looking to sell the team to new owners who will rebrand and keep the club in Los Angeles.

The sale of the club to the league is effective immediately, and Chivas will keep the current brand through the 2014 season. The entire front office of the team has been replaced, though the roster and coach Wilmer Cabrera and his staff will remain on the job.

MLS commissioner Don Garber said the following regarding the sale:

"We thank Jorge Vergara and Angelica Fuentes for their significant commitment to Major League Soccer," MLS Commissioner Don Garber said. "Jorge was an early believer in the league and he and Angelica have been great partners in MLS. We collectively agreed that it is best to sell the club to new owners who are committed to securing a new stadium and providing MLS with a strong rival for the LA Galaxy."

Here's what Vergara said about the sale:

"When Angelica and I gained full operational control of the team for the first time 15 months ago, we were hopeful we would be able to turn it around," said Mr. Vergara. "However, there is only one Chivas de Guadalajara, and we have realized that it will require more time, further resources, and a level of commitment that would divert too much of our focus from our other business interests. We explored opportunities to sell to other groups, but we believe selling the franchise to MLS on an expedited basis is in the best interests of all parties, including the team's players and its dedicated fans.

"MLS has assured us they are committed to keeping the club in Los Angeles and finding the right owners to make the team successful in the future. We greatly appreciate the leadership and collaboration of Don Garber and his colleagues at MLS, which resulted in an efficient transaction that benefits all the parties involved."

Obviously, this is a massive story, and one that we will be following up. For now, what do you think of the move? Leave a comment below!