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Posted: Thursday November 19, 2009 12:49AM; Updated: Thursday November 19, 2009 12:49AM

Real Salt Lake gains financial partner

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SALT LAKE CITY (AP) -- The owner of Real Salt Lake is selling a stake in the soccer team to a Utah real-estate developer.

Team owner Dave Checketts is praising his new partner, Dell Loy Hansen, for making a "bold" commitment.

Terms of the deal weren't disclosed Wednesday. The Salt Lake Tribune says Hansen bought a 49 percent stake in the team.

RSL spokesman Trey Fitz-Gerald told The Associated Press that Checketts and Hansen are being referred to as co-owners and that the organization will not discuss specific figures or amounts.

Coach Jason Kreis has said the new capital can help RSL build a practice facility closer to its stadium in the Salt Lake City suburb of Sandy.

Checketts didn't address any financial goals or strategy in a news release on Wednesday.

RSL will play the Los Angeles Galaxy for the Major League Soccer championship on Sunday in Seattle.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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