LYON, France — Washington Spirit proprietor Michelle Kang has struck a deal to guide a global multi-team ladies’s soccer group that may embody her National Women’s Soccer League staff and French membership Lyon.
Kang’s settlement with OL Groupe and Eagle Football Holdings, OL Groupe’s majority proprietor, was introduced Tuesday.
“This deal represents a major step forward in the history of women’s professional football,” Kang stated in an announcement. “It brings together the unparalleled tradition of the 8-time Champions League winning OL Féminin and the dynamism of the 2021 NWSL Champion Spirit to usher our sport into a new era.”
Kang will develop into the bulk proprietor and CEO of the brand new group. She may also be part of OL Groupe’s board of administrators.
The group plans to finally broaden to incorporate different worldwide golf equipment.
The all-stock deal comes after American businessman John Textor purchased a majority stake in Lyon below his Eagle Football Holdings in December. Textor additionally has a stake in Crystal Palace.
Lyon’s ladies will proceed to make use of OL Groupe services, together with Groupama Stadium.
OL Groupe introduced final month that it intends to promote the NWSL membership OL Reign. The Seattle-based Reign are amongst three NWSL golf equipment presently up on the market, together with the Chicago Red Stars and the Portland Thorns.
The deal is topic to approval by the NWSL and is anticipated to shut on the finish of June.
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