(KRON) -- The San Jose Earthquakes have a new owner.
In a press release, the Quakes announced that Heath Freeman will be the new owner of the club and home stadium on Friday.
Freeman will be taking over ownership from John Fisher and Partners, who also own the Athletics.
“My family and I are honored and humbled to be the next generation owners of the San Jose Earthquakes. I would like to thank John Fisher and the Fisher family for their confidence in me. I know how much they love this team, and we expect to continue making them proud in this new era of the Quakes,” said Freeman.
Freeman is a sports, media, and real estate executive. He serves as the chairman of Tribune Enterprises, Cumulus Media, and MNG Enterprises, which manages the San Jose Mercury News.
He is also the Managing Partner of the Florida Freedom of the Professional Bull Riders and the Executive Chairman of the Association of Volleyball Professionals.
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"Heath Freeman is an ambitious owner with a strong belief in the Earthquakes and the Bay Area as one of the country's great soccer markets. We are excited to welcome him to MLS and look forward to the energy and vision he will bring to this next chapter of the club,” said MLS Commissioner Don Garber.
Although a reason was not given in the press relase as to why Fisher sold the team, he said that he has loved owning the club.
"We have so many great memories, from our first game back in 2008, the incredible stadium groundbreaking ceremony, winning the Supporters’ Shield and seeing Wondo break the MLS record with four goals in the pouring rain. Heath shares our belief in this club and this community, and he brings the ambition and commitment to take the Quakes forward. Thank you, San Jose,” Fisher said.
