Los Angeles, CA - Major League Soccer commissioner Don Garber announced on Thursday that a new team has been awarded to an ownership group led by Henry Nguyen, Peter Guber and Tom Penn that will begin play in 2017 in a new soccer specific stadium in the greater Los Angeles area.

"We are thrilled to welcome Henry Nguyen, Peter Guber, Tom Penn and their owner partners to Major League Soccer," said Garber. "This visionary ownership group will chart a course that will further elevate the sport in this great city and, combined with a new state-of-the-art stadium, accelerate us down the path toward becoming one of the top soccer leagues in the world."

Nguyen will serve as the managing partner of the new MLS club, while Guber, who is chairman and CEO of Mandalay Entertainment Group, the owner and co- executive chairman of the NBA's Golden State Warriors and co-owner of Major League Baseball's Los Angeles Dodgers, will be the executive chairman of the MLS team.

"The business of sports and entertainment is all about winning on the field and providing an exciting product that will develop a passionate and loyal fan base," said Guber. "The Los Angeles market has millions of soccer supporters, and we know that this new team can fulfill the promise of success on the field and provide a great experience for our fans."

The new Los Angeles team's brand identity, front office and coaching staffs will be announced at a later time.