Earlier this month, news broke that Michele Kang would acquire the majority ownership stake in Olympique Lyonnais’ women’s side. Lyon and OL Reign are both owned by OL Groupe.
Lyon has been a powerhouse in women’s soccer for quite some time, and for a while, they set the standard for clubs worldwide. However, now all signs point to a change in leadership coming.
OL Groupe has denied the reports of Kang taking over majority ownership of Lyon, but they did confirm that they are looking to sell their stake in the ownership of OL Reign.
If Kang is to buy majority ownership of the women’s team, she’d be taking over the ownership from John Textor, who acquired Lyon late last year. He hasn’t done much with the women’s side of the club, but none of this has been confirmed.
Before joining the world of women’s soccer, Kang founded a company called Cognosante, an innovative health technology provider. In terms of soccer, though, we know Kang from what she did with the Washington Spirit.
Kang originally joined the Washington Spirit’s ownership group in 2020. After over a year of trying to take full ownership of the team, she purchased the Spirit from the former owner, Steve Baldwin. Baldwin was problematic for upholding what was described as “an old boys club”…
