Lyon parent company acquires NWSL's Reign FC

📆 2019/12/20 6:41:00
📰 staronline

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(Reuters) - OL Groupe, the parent company of French Ligue 1 team Olympique Lyonnais, has completed the takeover of National Women's Soccer League (NWSL) franchise Reign FC in a deal worth $3.51 million, OL Groupe and Reign said on Thursday.

OL Groupe will hold an 89.5% stake in Reign and four-times NBA champion Tony Parker, a Lyon brand ambassador in the U.S., will have a 3% stake.

"In OL Groupe we have found a kindred spirit. They share our beliefs, our passions, and our ambitions for building a truly extraordinary soccer club." They have also won 13 domestic league titles and have some of the sport's biggest names in their squad, including England's Lucy Bronze and France's Wendie Renard.

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