FC Dallas releases statement regarding transfer of Cory Gibbs to Feyenoord of Holland

Dallas, Texas - FC Dallas announced today that Feyenoord of the Dutch Eredivisie has purchased the contract of defender Cory Gibbs. Gibbs is scheduled to begin play with his new team on Sunday in Holland. FC Dallas will receive an allocation to compensate for Gibbs' departure.

The following is a statement from FC Dallas President and General Manager Greg Elliott on the transfer of Gibbs to Feyenoord:

"Feyenoord of the Dutch Eredivisie made a transfer offer for FC Dallas defender Cory Gibbs. Head Coach Colin Clarke and I met with Cory, at which time he expressed his desire to join Feyenoord as he sees that move as the logical next step in his professional career. In light of Cory's wishes, and following an assessment of the offer, we have given our approval for the transfer to proceed. As compensation for Cory's transfer, FC Dallas will be receiving a significant replacement allocation. While we are disappointed that Cory will no longer be an FC Dallas player, we thank him for his contributions and wish him nothing but the best at his new club."

Gibbs, 25, joined Dallas for his first Major League Soccer season last year after spending the previous three years with St. Pauli of the regional Bundesliga. The 6-1, 180-pound defender appeared in 21 matches with Dallas last season, starting in all 21 matches he appeared in and collecting one assist. With 14 career caps on the U.S. National Team, Gibbs was originally acquired by Dallas as an allocation on February 5, 2004.