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NY Actual Property Mogul Ted Segal Now Owns Houston’s Soccer Future

There’s a brand new sheriff on the town, Houston soccer followers. On Tuesday, the Houston Dynamo Soccer Membership introduced actual property developer Ted Segal as its new majority proprietor and chairman. As head honcho, Segal will name the performs for the Bayou Metropolis’s two skilled soccer franchises: the Houston Dynamo of Main League Soccer, and Nationwide Girls’s Soccer League’s reigning Problem Cup champions, the Sprint. Segal additionally took majority curiosity within the leasing rights to BBVA Stadium, the place each groups play. 

“Houston is a world class metropolis that deserves world class groups,” Segal stated throughout his introductory press convention, which additionally featured Don Garber and Lisa Baird, commissioners of the MSL and NWSL. “I consider the Dynamo and the Sprint ought to symbolize the perfect of Houston, and I acknowledge that my function in contributing to the membership’s success is to supply the groups with assets essential to succeed on and off the pitch.”

A New Jersey native and self-professed lifelong soccer fan, Segal is the founder and president of EJS Group, a New York Metropolis actual property group that invests in markets throughout america. He additionally co-founded and chairs Verance Capital, which gives capital for sports activities, media, and reside leisure companies together with Wonka-like immersive expertise Candytopia. And his new tie to Houston isn’t as random because it may appear; his father and brother run LS Energy, which has workplaces right here.

Following within the play sample of his new groups, Segal wasted no time outlining his first steps of motion as proprietor, together with a three-year extension of the contract of defender Tim Parker, the signing of Zimbabwean defender Teenage Hadebe, and the hiring of former Texans President Jamey Rootes because the workforce’s CEO. Segal additionally made guarantees to the neighborhood, saying main charitable contributions to Dynamo Charities and the Houston Meals Financial institution, in addition to initiatives to develop the sport amongst Houston youth alongside different youngsters’s-focused nonprofits. 

“Maybe most significantly, the membership’s capacity to affect the neighborhood via good work is a strong device that few organizations outdoors of sports activities can rival,” stated Segal, who succeeds Gabriel Brener as franchise proprietor. (Brener and his former majority possession group, which incorporates Oscar De La Hoya, Ben Guill, and James Harden, are anticipated to take care of a minority stake).  

However essentially the most thrilling announcement for H-City soccer followers doubtless got here when Segal introduced he would take an energetic function in Houston’s bid to host the 2026 FIFA World Cup.

The whole lot we do is with aim of championship membership,” he stated, earlier than repping that Dynamo FC cred. “Let’s ‘maintain it down’ and get to work.”

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