The ownership group of the Seattle Sounders is reportedly in advanced discussions to acquire OL Reign from the French club Lyon.
While no formal agreement has been reached yet, the two parties are currently engaged in negotiations for a potential deal. According to Sportico, the Reign were recently valued at $49 million, ranking eighth in the league, a significant increase from the $3 million they were acquired for in 2019 by their current owners.
In recent developments, the Washington Spirit was sold for a record $35 million to Michele Kang, while the Chicago Red Stars were purchased for $25.5 million with an additional commitment of $25 million for operational investments. Additionally, two expansion teams in the Bay Area and Boston were recently acquired for $53 million.
Established in 2012, the club was initially owned by Bill and Teresa Predmore until 2019 when OL Groupe, the parent company of French clubs Olympique Lyon and Olympique Lyon Féminin, became the majority owner. The team underwent a rebranding, changing its name from Seattle Reign to OL Reign and adapting its badge and colors to align with its French sister clubs.
OL Reign is presently owned by John Textor’s Eagle Football, following their acquisition of OL Groupe in December of the previous year. The decision to place the team on the market was made earlier this year, notably after Washington Spirit owner Michele Kang purchased the Lyon women’s team.
The club is currently in preparations for the NWSL Final, where they will face Gotham FC on Sunday.
“OL Reign is fully focused on the NWSL Championship this weekend with a goal of bringing our first title back home to Seattle,” an OL Reign representative told Sportico. “The process on the sale of the club continues and we will share updates as they become available.”