Seattle Sounders FC and investment firm Carlyle have completed a purchase agreement with the Olympique Lyonnais Groupe to acquire Seattle Reign FC.
OL Groupe reached an agreement to sell the Reign to the Sounders and Carlyle for $58 million back in March. The Reign were purchased by OL Groupe in 2019 for approximately $3.5 million."Today is a milestone day for soccer in our city, and I am humbled to be a part of it," Sounders FC owner Adrian Hanauer said in a statement. "This announcement is about keeping one of the top women’s teams in the world locally rooted in our community for generations of fans to enjoy.
"Combining the operational expertise and long-term community leadership of the group led by Adrian Hanauer, with the financial investment of one of the world’s leading investment firms in Carlyle, this group positions Seattle Reign FC for success. We look forward to the continued growth of the club."Maya Mendoza-Exstrom is set to take over the chief business officer role with the Reign after 10 seasons spent with the Sounders as chief operating officer.
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