OL Groupe Scores Big: Seattle Reign FC Sold for $58 Million
When it comes to the world of soccer, there’s always some exciting news buzzing around. This time, the spotlight shines on OL Groupe, the holding company associated with the illustrious Lyon football club in France. In a recent announcement, OL Groupe revealed a significant development: the sale of Seattle Reign FC. This deal involves a consortium that includes the Seattle Sounders and the global investment giant, Carlyle.
The sale is no small matter – OL Groupe has decided to offload its entire stake in the club, amounting to a whopping 97% of the share capital. The agreed-upon price tag for this transaction stands at an impressive $58 million, covering the entirety of the club’s shares. It’s a significant leap considering OL Groupe’s initial purchase of Seattle Reign FC in 2019 for around $3.5 million. This move aligns with OL Groupe’s strategic shift towards a renewed focus on men’s soccer, marking a pivotal moment in their ongoing journey.
Approval from the National Women’s Soccer League and Major League Soccer Board of Governors is the final hurdle for this deal to materialize. OL Groupe’s satisfaction with this agreement is palpable, as it ensures the continued growth and success of the Seattle franchise under a locally-led consortium. This shift in ownership not only secures the future of Seattle Reign FC but also opens up new opportunities for the club to thrive in the ever-evolving landscape of women’s soccer.
OL Groupe’s involvement in the Eagle Football Holdings, spearheaded by American entrepreneur John Textor since December 2022, adds another layer of complexity to this narrative. Their diverse portfolio includes stakes in esteemed teams like Premier League outfit Crystal Palace, Belgian club RWD Molenbeek, and Brazil’s Botafogo. This sale is just one chapter in OL Groupe’s broader strategy, showcasing their adaptability and foresight in navigating the dynamic realm of professional football.
As the soccer world witnesses this transformative transaction, it’s a testament to the intricate web of connections and decisions that shape the sport. The sale of Seattle Reign FC not only underscores OL Groupe’s strategic realignment but also highlights the enduring allure and potential of women’s soccer on a global stage. With all eyes on Lyon and the unfolding developments in their football empire, one thing is certain – the beautiful game never ceases to surprise and captivate fans worldwide.
