- OL Groupe, the parent company of French Ligue 1 team Olympique Lyonnais, has completed the takeover of National Women’s Soccer League franchise Reign FC in a deal worth $3.51 million, OL Groupe and Reign said on Thursday.
Former Reign investor-operator Bill Predmore will hold 7.5% of the share capital, while four-times NBA champion Tony Parker, a Lyon brand ambassador in the U.S., will have a 3% stake. “From a philosophical perspective, to have a shared vision and desire and belief in the potential in the future of the women’s game, not only here in America but worldwide, I think, is vital,” she said.
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