Red Bull New York purchases AEG's interest in Red Bull Park

Published on November 16, 2007 under Major League Soccer (MLS)
Red Bull New York News Release

SECAUCUS, NJ (November 16, 2007) - Red Bull New York (RBNY) today announced that it has purchased AEG's 50% interest in the development of Red Bull Park, a state of the art 25,000 seat soccer-only facility under construction in Harrison, New Jersey. Going forward, Red Bull New York will have full ownership of the project and oversee all aspects of construction and stadium management. Projected completion for Red Bull Park is in 2009. Per company policy, terms of the deal were not disclosed.

"We would like to thank AEG for their hard work in our partnership over the past 18 months," said RBNY Managing Director Marc de Grandpre. "To fulfill our ultimate goal of creating an elite sports franchise in the United States for our fans, it is vital that we have a home that all of us can be proud of. When completed, Red Bull Park will be the crowning centerpiece of our club, as we challenge for an MLS Cup year after year."

In addition, RBNY announced the hiring of John Amorosa as Construction Manager. Amorosa will be responsible for overseeing the construction of both Red Bull Park as well as the Red Bulls Training Grounds in Hanover Township, New Jersey.

Red Bull Park is the cornerstone to the Harrison MetroCentre Development, a mixed use urban redevelopment initiative. Red Bull Park will be a short walk from the Harrison PATH station, which is just 20 minutes from Midtown Manhattan, making it one of the most accessible sports-entertainment venues in the region. The stadium is also within walking distance of Newark's Ironbound neighborhood.

Major League Soccer Stories from November 16, 2007

• Blanco's Strike Wins Sierra Mist Goal of the Year - Chicago Fire FC
• Blanco's Strike Wins Sierra Mist Goal of the Year - MLS
• Red Bull New York purchases AEG's interest in Red Bull Park - Red Bull New York
• Fire Forward Paulo Wanchope Announces Retirement - Chicago Fire FC
• D.C. United player appearances: MLS Cup weekend - D.C. United

The opinions expressed in this release are those of the organization issuing it, and do not necessarily reflect the thoughts or opinions of OurSports Central or its staff.

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