Anschutz Entertainment Group has turned down an offer by Houston Rockets owner Leslie Alexander to purchase the MLS' Houston Dynamo, according to the Houston Chronicle.
The deal was in the final stages of negotiations for more than a month and would have included the 30-year lease on the BBVA Compass Stadium that opened in May.
"Ownership evaluated the offer," Dynamo president Chris Canetti said, per the Chronicle. "At the end of the day, they determined that they're not prepared to accept the offer, thus meaning they will continue in their ownership."
"(AEG) reiterated the commitment to the team and the stadium and the belief in both properties and are committed to both entities."
Privately-held AEG, which owns 50 percent of the Dynamo, was put up for sale last week. The other half is owned by former boxer Oscar de la Hoya and Mexican billionaire Gabriel Brener.
"From the organization's perspective, we've continued to avoid any distractions regarding this situation and have pushed forward as professionally as we possibly can," Canetti said. "I think we've done a good job of continuing to grow the business on and off the field."