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OL Groupe sells Seattle Reign for $58M to group that includes Sounders

The holding company said that it will "sell its entire stake, representing 97% of the club’s share capital" Steven Bisig/USA TODAY NETWORK

OL Groupe today said that it has "signed an agreement with a group including the Seattle Sounders and global investment firm Carlyle for the sale of Seattle Reign," according to the AP. The holding company said that it will "sell its entire stake, representing 97% of the club’s share capital," with a sale price of $58M "for 100% of the shares." The transaction is "subject to approval" by the NWSL and MLS Board of Governors. The Reign were purchased by OL Groupe in 2019 for approximately $3.5M. OL Groupe said that the sale is "part of the group’s strategy of refocusing on men’s soccer" (AP, 3/18).

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