Washington Spirit owner Y. Michele Kang has expanded her portfolio of women’s soccer clubs, acquiring second-tier English team London City Lionesses.
The deal, announced Friday, adds a third team to the global multi-club organization created by Kang earlier this year. In May, she reached an agreement to take over the women’s team of French club Olympique Lyonnais, an eight-time Champions League winner. (That deal is still awaiting approval from French authorities.) Kang, the founder of a health-care technology company, purchased the Spirit in 2022 for $35 million, then a record price in the National Women’s Soccer League.