Orlando City Soccer Club, Inc. announced Thursday that it has acquired the Orlando City Development Corporation’s (ACDC) interest in the Orlando Citrus Bowl.
The acquisition is subject to an MLS MLS franchise, which is expected to be announced soon.
“We are very excited to join the Orlando Soccer Club in the building of a new soccer-specific stadium in Orlando, Florida,” Orlando City President and Chief Operating Officer Jason Levien said in a statement.
“The Citrus bowl is a unique and exciting stadium to host our professional soccer team.
It will be the best venue in MLS to host professional soccer in this city, and will be a cornerstone of the future of the league in Orlando.”
ACDC is a private equity group, which owns the Orlando Sentinel, the Orlando Herald, and the Orlando Sun.
The Orlando City Board of Governors unanimously approved the deal on Thursday.
The news was first reported by the Orlando Business Journal.
ACDC was formed in 2015 as part of a merger between Orlando City and the City of Industry.
ACSC owns the Orange Bowl, which was the site of Orlando City’s MLS opener last season against FC Dallas.
The deal was approved in the first round of the 2016 MLS Expansion Draft.