Jun 17, 2024 - Business

Carlyle completes purchase of Seattle women's soccer club

Dan Primack

Seattle Reign players — Photo: Alika Jenner/Getty Images.

Private equity giant Carlyle is getting into women's professional soccer, but it doesn't plan to spread its money around.

The latest: The firm on Monday confirmed that it purchased Seattle Reign FC, a National Women's Soccer League club, from France's OL Groupe.

What they're saying: "We're not investing in another team," Carlyle's Alex Popov tells Axios, adding that his firm settled on Seattle after spending over five years diligencing NWSL.

"We're huge believers in the ecosystem, and explored ways to invest more broadly, but we're now entirely focused on our investment in Seattle Reign."

Details: Deal terms are $58 million for a 97% stake.

Also participating on the buyside is ownership of the Seattle Sounders, a Major League Soccer club.

Add Axios on Google

Carlyle completes purchase of Seattle women's soccer club

What to read next