Kyle Ross-USA TODAY Sports
OL Reign is for sale again. The news was confirmed on Wednesday by majority owner OL Groupe while refuting details of a report from French outlet L’Equipe.
OL Groupe’s response came to L’Equipe’s bombshell report that Michele Kang, the owner of the National Women’s Soccer League’s Washington Spirit, is purchasing majority ownership of the Olympique Lyonnais women’s team.
Here’s what we know for sure, what we don’t know, what it all means, and how we got here:
What we know right now
This much is confirmed: The Reign, one of the NWSL’s eight original franchises, is for sale again. OL Groupe confirmed this in a press release on Wednesday. The Raine Group, an investment bank that has advised many major sports acquisitions, is in charge of the sale.
An NWSL spokesperson issued the following statement to The Equalizer: “We’re aware of OL Group’s interest in exploring the sale of OL Reign and will continue to work closely with them to ensure any potential owner(s) are…
