NEW YORK -- Major League Soccer's MetroStars are being sold and renamed Red Bull New York.
Anschutz Entertainment Group, owned by Colorado billionaire Philip F. Anschutz, completed an agreement Thursday to sell the team to Red Bull Co. Ltd., an Austrian firm that manufactures an energy drink. Red Bull also bought naming rights for the soccer stadium the team hopes to build in Harrison, N.J., and will have 50 percent ownership. AEG will be in charge of building and operating the stadium.
AEG still owns four of the 12 MLS teams: the Chicago Fire, D.C. United, the Houston Dynamo and the Los Angeles Galaxy. Red Bull also owns a soccer club in Austria: SV Red Bull Salzburg.
Red Bull said its Austrian and American teams will work together "in athletic areas as well as in management and marketing."
"Projected plans include talent scouting, mutual training camps and friendly matches," the company said in a statement.