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Waves’ Owner Puts Team, Two Others on the Market

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The end appears to be near for Orange County’s only professional soccer team, the Waves. Team owner Stephen Peacock, who last month dropped the franchise from the A-League to D3, announced Tuesday that he is offering his D3 teams, the Waves, Bay Area Seals and Riverside Elite for sale for $3.5 million.

Peacock Financial, a venture capital company in San Jacinto, owns 85% of the Waves, 80% of the Seals and 53% of the Elite. Peacock did not return phone calls to his office, but a press release stated that Peacock sports subsidiary is downsizing its operations in professional soccer and will sell off its professional franchises. Peacock still owns a piece of the A-League San Diego Flash.

Peacock purchased the Waves from the A-League in January after the previous franchise, the Orange County Zodiac, folded in December 1999 after three years of operation. He vowed to “make a difference here” and build from the ground up. But the Waves, who played their games at Santa Ana Stadium, went 12-15 this year. They did not qualify for the playoffs and failed to build a fan base.

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