
It makes the third soccer team in Reynolds and McElhenney’s portfolio after they acquired a minority position in Mexican team Necaxa earlier last year.
“Our new owners are committed to investing in key areas, including our core forces and our female team,” La Equidad said in an official statement.
La Equidad was founded in 1982 but was considered an amateur team until 1993 when they joined Categoria Primera C, Colombia’s third division. In 2003, they were promoted to Primera B and made it to the top flight three years later. While they have never won the Primera A, they finished runners-up three times. Last season, they finished 13th.