Owners Discuss Future Of Rayo OKC Soccer Team

Wednesday, June 8th 2016, 6:30 pm
By: Karl Torp

It has been rough this last week for the Rayo OKC soccer team. They lost to their city rival, the Energy, and now their parent franchise has financial worries.

Rayo Vallecano is the majority owner of Rayo OKC, and it’s been relegated from their top division in Spain.

That means Rayo Vallecano will play in a lower division this upcoming season and will lose out on major TV revenue.

So much so, that Rayo Vallecano’s owners are exploring the possibility of selling some of its stake in Rayo OKC.

“They said if you have an individual, or us as a local ownership group want to acquire some of their shares, not all of them, they’re open to it,” said Rayo OKC managing partner Brad Lund.

Lund told News 9 Rayo Vallecano owns 65% of Rayo OKC, but he wouldn't reveal the cost of that investment.

He did say a financial commitment had been met and contract signed to keep Rayo OKC playing at Miller Stadium in Yukon for two more seasons.

Lund added that if Rayo OKC goes searching for more investors, they’d be from the Oklahoma City area.

“They are by no means going away. It doesn’t put the immediate future of our franchise in jeopardy whatsoever,” said Lund.