Sounder at Heart · Apr 12, 2023
OL Groupe start process to sell OL Reign
MikeRussellFoto / Sounder at HeartEarly on Wednesday, the French newspaper L’Équipe reported on an imminent sale of the women’s section of Olympique Lyonnais to the American businesswoman Michele Kang, who also owns the Washington Spirit. Few details were reported on the structure of the sale, but L’Équipe seemed to imply that OL Groupe’s men’s clubs and OL Reign would remain under current ownership.
OL Groupe responded with a statement that denied what it said was “inaccurate information” in the story. The club claimed that no agreement has been reached for the sale of the women’s section of OL, but did seem to leave the door open to the possibility.