TACOMA, Wash. (AP) – Reign FC of the National Women's Soccer League has been acquired by the OL Groupe, the parent company of French powerhouse Olympique Lyonnais.
The French group will hold an 89.5% operating stake in the club when the sale closes, which is expected in January. Current Reign FC majority owners Teresa and Bill Predmore will own 7.5% and former NBA star Tony Parker will have a 3% share of the club.
Jean-Michel Aulas will serve as chairman of the club's board of directors, with Parker holding a seat. Bill Predmore will remain the club’s CEO.