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LIVE VIDEO: D.C. United Introduces New Ownership Partners

D.C. United will introduce two new members of the club's ownership group at a press conference at the W Hotel in downtown Washington D.C. The new investors are Erick Thohir and Jason Levien, who are also minority owners of the Philadelphia 76ers of the NBA.

The two will be introduced by current D.C. United owner Will Chang, who is also a part owner of the San Francisco Giants of Major League Baseball. Chang has been United's lone backer since 2009.

It is expected that Chang will retain a stake in the Black-And-Red, but Thohir is believed to be the team's new majority investor. According to Steven Goff of The Washington Post, Thohir and United have been in negotiations since at least March of this year.

United officials have expressed the hope that the new ownership would stabilize the club's finances and enable them to continue lobbying for a new soccer-specific stadium in the Buzzards Point area of the city.

Live video of the press conference is available below, courtesy of CSN Washington

For more on D.C. United, visit Black And Red United.