Philadelphia Union Announce Updates To Ownership Group
Richard Leibovitch purchases stake in team from existing minority owner, will become Vice Chairman and occupy Alternate Governor seat for club;
Rich Graham and the Graham family increase existing investment commitment and purchase additional interest in team from same minority owner
CHESTER, Pa. (Mar. 16, 2018) – Chairman and Majority Owner Jay Sugarman announced today two updates to the Philadelphia Union’s ownership group. First, Richard Leibovitch, the founder of Arel Capital, has committed to acquire a majority of the stake currently held by an existing minority owner.