Real-estate investor and embattled football team owner Dell Loy Hansen has taken a considerable stake in Dynagas LNG Partners.
Hansen, who founded Utah real-estate firm Wasatch Group and owns Major League Soccer's Real Salt Lake, has bought 3.56m shares in the LNG carrier owner, or 10% of the company, regulatory filings show.
The purchase makes Hansen the third-largest owner behind Cobas Asset Management with 3.7m shares, equal to 0.4% of the US-listed company.
Dynagas Holding has the largest stake, with 15.6m shares or 43.9%.
In late trading on Thursday, Dyangas LNG shares were trading down just over a cent to $2.47.
In the past year it traded as high as $3.97.
Earlier in the month, Jefferies analyst Randy Giveans tipped the company to continue deleveraging in the coming years with its fleet of six gas carriers — five of which are ice-classed — to stay near complete utilisation over the coming quarters.
In addition to Real Salt Lake, Hansen owns reserve squad Real Monarchs and women's side Utah Royals.
In August, he came under fire for complaining on a local radio show that he was stabbed in the back and disrespected personally after Real Salt Lake players refused to play their match against Los Angeles FC in response to the shooting of Jacob Blake, a black man, by Kenosha, Wisconsin police.
Blake was shot seven times in the back while entering the driver's side of his vehicle and is paralysed from the waist down. Police officers, responding to complaints from a woman that said her boyfriend was not supposed to be on the premises, had used a stun gun on him before the shots were fired.
Days after the radio appearance, Hansen said he would sell the teams.
