The National Women's Soccer League (NWSL) is expanding to Denver with a record-breaking $110 million expansion fee.
The Portland Thorns FC have been acquired by the Bhathal family, investors in the NBA's Sacramento Kings, the National Women's Soccer League team announced Wednesday, Jan. 3, 2024. The NWSL 's 16th team is headed to Denver for a record $110 million expansion fee, Sportico.com reported on Thursday. It's more than double the previous NWSL record for new teams and the largest expansion fee ever in U.S. women's sports. Groups from Cleveland and Cincinnati were also finalists for the new franchise.
Sportico, citing anonymous sources because the details are private, reported that the Denver group had submitted its first payment to the league on Tuesday. The group is led by IMA Financial Group CEO Robert Cohen, who would become the team's control owner, according to Sportico.The NWSL added the Utah Royals and Bay FC last season. A Boston-based club will join the league in 2026 after agreeing to pay the same $53 million expansion fee as Bay FC. The Cohen-led group also includes former Obama administration official Ben Hubbard, CEO of Denver-based insurance company Parsyl; sports business executive Tom Dunmore; Phos CEO Nicole Glaros and former NWSL player Jordan Angeli
NWSL Expansion Denver Robert Cohen Women's Soccer
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