Sounders group completes purchase of Reign for $58M

Field Level Media|published: Mon 17th June, 11:27 2024

NWSL: Portland Thorns FC at Seattle Reign FC

Jun 16, 2024; Seattle, Washington, USA; Seattle Reign FC defender Lauren Barnes (3) signs autographs after the game against Portland Thorns FC at Lumen Field. Mandatory Credit: Stephen Brashear-USA TODAY Sports

The Seattle Sounders and their investment partner completed their purchase of the Seattle Reign for $58 million, it was announced Monday.

Sounders majority owner Adrian Hanauer will serve as governor of the NWSL's Reign. Investment group Carlyle becomes a majority partner.

"Today is a milestone day for soccer in our city and I am humbled to be a part of it," Hanauer said in a statement. "This announcement is about keeping one of the top women's teams in the world locally rooted in our community for generations of fans to enjoy."

The Sounders and Carlyle purchased 100 percent of the Reign from OL Groupe, which bought the team for $3.5 million in 2019.

Carlyle's Alex Popov will serve as alternate governor.

--Field Level Media