The Seattle Reign have officially been sold, with OL Groupe announcing on Monday the team has signed an agreement with a group that includes the Seattle Sounders ownership group.
The transaction still needs to be approved by the NWSL and MLS Board of Governors. Global investment firm Carlyle joins the Sounders ownership group in the purchasing of the club.
OL Groupe’s entire stake in the club will be sold, which amounts to 97% of the club’s share capital. They originally purchased the club in 2019 for approximately $3.5 million.
“The sale price is $58 million for 100% of the shares,” they said in a statement. Last October, Sportico had valued the club at $49 million.
According to OL Groupe, the sale is part of their strategy to refocus on men’s soccer. Recently, the group sold the women’s side of Olympique Lyonnais to Washington Spirit owner Michele Kang.
“OL Groupe is delighted with this transaction as it ensures a locally-led group will continue OL Groupe’s successful development of the Seattle franchise,” the holding company said.
The Reign aren’t the first club to be sold this year, with the sale of the San Diego Wave for $113 million being announced last week. In August of last year, the Red Stars were sold to a group led by Laura Ricketts…
