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Philadelphia Union

Philadelphia Union get new minority owner in Richard Leibovitch, more investment and shot of spending

The Union have a new minority owner: Richard Leibovitch, founder of New York-based real estate investment firm Arel Capital. Majority owner Jay Sugarman told the Inquirer and Daily News that Leibovitch purchased a part of the stake owned by another owner in the team who wanted to reduce his investment. Sugarman would not name the […]