Orlando City Owner Open To Selling Some Shares Of Club In '22

Orlando City Chair & Majority Owner Flavio Augusto da Silva said that he is "open to selling the club" in '22 when he turns 50 to "focus on philanthropic efforts," according to Jordan Culver of PRO SOCCER USA. A source said that 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." Da Silva, speaking to Brazilian outlet Estadão, said, "I’m not making a sale announcement. The announcement is that I will dedicate myself to philanthropy." Last season, da Silva "sold a minority stake in the team" to investor Albert Friedberg for about $42.3M. Da Silva currently has a 79% "ownership stake in the club." Da Silva: “I have several alternatives. I can make the full sale, quit the deal, stay on the board or sell a minority share. Nothing is discarded (or) established" (PROSOCCERUSA.com, 5/25).