After months of turmoil, Washington Spirit co-owner Y. Michele Kang reportedly has majority ownership of the club, according to a letter The Washington Post shared from Kang to the NWSL’s Board of Governors.
The Athletic was the first to report that Kang was set to gain majority voting interest within the club as she reportedly convinced eight debt-holders to convert their debt to equity. The most notable was Devin Talbott, who reportedly sold his stake “in the form of his note” to Kang, and now, she reportedly owns more shares than Steve Baldwin and Bill Lynch own as individuals, per The Athletic.