A group of Washington Spirit investors, including former Senate majority leader Tom Daschle, has threatened legal action against managing partner Steve Baldwin if he does not sell the National Women’s Soccer League team to the higher bidder, co-owner Y. Michele Kang.
Baldwin this month entered into exclusive negotiations with a group headed by billionaire Todd Boehly, whose offer of $25 million is 40 percent less than Kang’s $35 million bid.
In a letter to Baldwin obtained by The Washington Post, 17 investors said, “It is our collective position that the $35 million bid is so far superior that there is but one option worth pursuing.