Hawaii’s first professional soccer team is paying $1 million to acquire the Star and the naming rights to its stadium.
The Hawaiian Star, which plays in the league, will become a public company that will operate a team-owned stadium, as it did for its sister club, the Hawaii Stars, the company said Tuesday.
The new company, called Hawaii Stars Football Club, will hold a private investor conference on May 23, the team said in a statement.
It plans to launch a website to market the new ownership and will begin negotiations with media partners.
The Star, based in Honolulu, has a stadium that seats 1,800 people and is owned by the league and its owners, the league said.
The team has played in a city park, the Kilauea Ice Arena, in Honolulu.
The team’s stadium is about 10 miles (16 kilometers) from the team’s headquarters in Hawaii.
The stadium will be the team and its supporters’ home, which will be located in the city of Honolulu.