 SVSE was among the assets purchased by San Jose Sports & Entertainment Enterprises when it bought the team and related properties from the Gund brothers in 2002, and became a subsidiary of SJSE as a result of the purchase.The company was renamed Sharks Sports and Entertainment on August 24, 2011.From 2001 to 2002, Silicon Valley Sports and Entertainment also operated the business side of the San Jose Earthquakes of Major League Soccer.