The NWSL‘s Portland Thorns announced additions to its ownership group on Thursday, with Phoenix Suns co-owner Sam Garvin among the five new investors coming on board.
The other additions include Columbia Sportswear CEO and Portland native Tim Boyle, Nehal Raj, the co-managing partner of global asset managers TPG, Revitate partner and CEO Kunal Merchant and Josh Childress, the CEO of Landspire Group and a former NBA player.
– Stream on ESPN+: LaLiga, Bundesliga, NWSL more (U.S.)
“We are thrilled to welcome such an incredible group into the Portland Thorns,” said Thorns controlling owner Lisa Bhathal Merage. “Each will bring new insight and expertise into the Thorns as we embark on an exciting new chapter for the club and league.”
Revitate, an investment vehicle led by the Bhathal Family, helped put together the new additions to the team’s investment group. The Bhathal Family also holds ownership stakes in the NBA’s Sacramento Kings, the Stockton Kings of the NBA-G League and the Sacramento RiverCats Triple-A baseball team, among other sports ventures.
“Investor interest in the Thorns is off the charts,” said Merchant, who advised the Bhathals’…
