Brief: Olympique Lyonnais Announces Signing Of Agreement To Sell Seattle Reign FC

Eagle Football SA

18/03/2024 07:07

March 18 (Reuters) - Olympique Lyonnais Groupe SA
 OLG.PA :
    * ANNOUNCES SIGNING OF AGREEMENT WITH GROUP INCLUDING
SEATTLE
SOUNDERS AND GLOBAL INVESTMENT FIRM CARLYLE FOR SALE OF SEATTLE
REIGN FC
    * WILL SELL ITS ENTIRE STAKE, REPRESENTING 97% OF CLUB'S
SHARE
CAPITAL
    * SALE PRICE IS $58 MILLION (CURRENTLY AROUND EUR53.6
MILLION) FOR
100% OF SHARES
    * TRANSACTION IS EXPECTED TO CLOSE IN EARLY 2024, SUBJECT TO
APPROVAL BY NWSL AND MLS BOARD OF GOVERNORS


Source text for Eikon:  urn:newsml:reuters.com:*:nACT84603
Further company coverage:  OLG.PA 

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