Crew owner sells stake in club at $900M valuation
Jun 7, 2024; Columbus, Ohio, USA; The Columbus Crew introduced Issa Tall (third from left) as their new General Manager at Lower.com Field Friday afternoon June 7, 2024. Tall caught the soccer ball tossed their way during a photo opportunity after the news conference. From left is team owner Jimmy Haslam, coach Wilfred Nancy, Tall and owner Dee Haslam. Mandatory Credit: Doral Chenoweth-Imagn Images Haslam Sports Group has sold a 10 percent stake in the Columbus Crew to the Edwards family at a franchise valuation of $900 million, Sportico reported Tuesday.
The Edwards family was already a partner in the MLS club and now owns 30 percent of the team, with Haslam Sports Group -- the parent company for Jimmy and Dee Haslam's sports assets -- controlling the other 70 percent, per the report.
Earlier this year, Sportico ranked Columbus eighth in MLS with a team valuation of $730 million.
The team declined the publication's request for comment on the transaction.
The Crew won the 2023 MLS Cup and 2024 Leagues Cup and have sold out nearly every home match since Lower.com Field opened in 2021 at a cost of $314 million.
The Haslam Sports Group also owns the NFL's Cleveland Browns and has a controlling interest in the NBA's Milwaukee Bucks.
--Field Level Media
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