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Tuesday, January 09, 2007

Victor MacFarlane Buys DC United Soccer Team

Victor B. McFarlane, Brian Davis and William H.C. Chang purchased the D.C. United soccer team from Anschutz Entertainment Group for $33 million. They now want to build a $150 million soccer stadium at the current location of the U.S. Department of Interior, National Capital Parks East headquarters. There is also a heliport at the location. The stadium would be across the Anacostia River from the new baseball stadium that is being constructed. The U.S. Park Service has transferred the 100-acre parcel to the District and Mayor Adrian Fenty is promoting more development in Ward 8.

Victor B. MacFarlane, right, has been the Managing Principal of MacFarlane Partners, which provides real estate advisory services to institutional investors, since he founded the partnership in 1987. Mr. MacFarlane has 25 years of real estate experience and holds a master's degree in business administration from the University of Pittsburgh, a juris doctor degree from the University of California, Los Angeles, and a bachelor's degree in university studies from the University of New Mexico.

Mr. William H.C. Chang is Chairman and CEO of the Westlake Group. Westlake is a diversified investment company, headquartered in San Mateo, California, with operations in China, Japan, and the US and over 4,000 employees. The firm has invested in various industries in China for over 25 years. Westlake's technology division helps U.S.-based companies penetrate the telecommunication and enterprise networking market in China. He his AB in Economics from Harvard College.

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