Orlando City majority owner Flávio Augusto da Silva told a Brazilian publication he is open to selling the club in 2022 when he turns 50 years old to focus on philanthropic efforts.
A club source told Pro Soccer USA, however, Augusto da Silva's dedication to charity doesn't mean he would likely sell all shares of the team. Instead, he would just be less involved in club day-to-day operations.
"I'm not making a sale announcement. The announcement is that I will dedicate myself to philanthropy," Da Silva said in an interview with Brazilian outlet Estadão. "But I believe that the apex of a successful entrepreneur is when the market becomes interested in what he has created to the point of wanting to pay for it and fortunately I'm constantly being sought out by investors.