Seattle Sounders LLC and The Carlyle Group Inc. (NasdaqGS:CG) entered into an agreement to acquire 100% stake in Seattle Reign LLC from Olympique Lyonnais Groupe SA (ENXTPA:OLG) for $58 million on March 17, 2024. The transaction is expected to close in early 2024, subject to approval by both the NWSL and MLS Board of Governors. Jason Krochak of Proskauer Rose LLP acted as legal advisor for Olympique Lyonnais Groupe.

Seattle Sounders LLC and The Carlyle Group Inc. (NasdaqGS:CG) completed the acquisition of 100% stake in Seattle Reign LLC from Olympique Lyonnais Groupe SA (ENXTPA:OLG) on June 14, 2024. As part of the process, the sale had to be approved by both the NWSL and MLS Board of Governors. Sounders majority owner Adrian Hanauer will serve as governor of the Reign on the NWSL board, and the club is the managing partner of the Reign. Carlyle's head of private credit, Alex Popov, will serve as the Reign's alternate governor. Maya Mendoza-Exstrom, who most recently served as Sounders chief operating officer, was appointed the Reign's chief business officer. Reign front office staff about 25 people will transition to the Sounders' headquarters in Renton.