The San Diego Wave of the Nationwide Girls’s Soccer League could have new house owners by the season’s finish following a sale the places the membership’s worth at $113 million US, an individual aware of the settlement advised The Related Press.
The particular person spoke on the situation of anonymity as a result of they weren’t licensed to launch monetary particulars of the two-transaction sale to the Levine Leichtman household, first reported by Sportico.
Lauren Leichtman and husband Arthur Levine handle the California-based funding agency Levine Leichtman Capital Companions. They may initially be a part of as vital minority traders and purchase a majority stake on the finish of the season. Present proprietor Rob Burkle will management the staff till then.
“We’re thrilled to welcome the Levine Leichtman household to the possession group of the San Diego Wave,” NWSL Commissioner Jessica Berman stated in a press release to The Related Press. “As longtime supporters of the ladies’s sport, Arthur and Lauren know effectively the impression that our league can have in our society, and as savvy traders, perceive the alternatives in entrance of us to proceed to develop our league and membership companies.”
The sale, which might finally be value $120 million, is considerably greater than the earlier file sale of $63 million paid by the Bhathal household for the Portland Thorns earlier this yr.
“We’re excited to hitch forces with San Diego Wave FC and assist construct upon the spectacular basis established by Ron Burkle. This funding aligns with our values and imaginative and prescient for supporting initiatives that empower girls and foster alternatives for aspiring feminine athletes,” Lauren Leichtman stated in a press release.
The Wave are set to play within the Problem Cup on Friday night time in opposition to defending league champion Gotham FC at Crimson Bull Enviornment in Harrison, New Jersey. The NWSL’s common season kicks off on Saturday.
