OL Groupe publicizes sale of Seattle Reign FC for $58 million

OL Groupe, the holding firm organized round seven-time French champion Lyon, on Monday stated it has signed an settlement with a bunch together with the Seattle Sounders and world funding agency Carlyle for the sale of Seattle Reign FC.

The holding firm stated it’s going to promote its complete stake, representing 97% of the membership’s share capital.

“The sale value is $58 million for 100% of the shares,” OL Groupe stated.

It stated the transaction is topic to approval by the Nationwide Girls’s Soccer League and Main League Soccer Board of Governors.

The Reign was bought by OL Groupe in 2019 for roughly $3.5 million.

OL Groupe stated the sale is a part of the group’s technique of refocusing on males’s soccer.

“OL Groupe is delighted with this transaction because it ensures a locally-led group will proceed OL Groupe’s profitable growth of the Seattle franchise,” the holding stated.

OL Groupe has been a part of the Eagle Soccer Holdings managed by American businessman John Textor since December 2022. The Lyon proprietor additionally has stakes in Premier League crew Crystal Palace, Belgian membership RWD Molenbeek and Brazil’s Botafogo.

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