After purchasing the Washington Spirit for $35 million, Y. Michele Kang announced the creation of a multi-club organization that will bring together the Spirit and French club Olympique Lyonnais, as the first teams in a network of women’s soccer clubs.
“It’s critical because now, you’re going to see the level of investments that are going to go in, and we can ensure that others will come along,” Kang told The Washington Post in an interview. “This is not just about the Spirit. This is not just about OL. This is about bringing women’s soccer to that level so that young girls growing up all around the world can see it and be inspired and say, ‘I’m going to go into professional soccer.
’ ”The new entity will consist of Kang’s majority share of the Spirit and the Lyon women’s team, contributed by OL Groupe, the French club’s parent company. Kang, the founder of a health-care technology company, will be the majority owner and CEO of the yet-to-be-named organization.valued at 50 million euros . OL Groupe will, for now, hold the remaining 48 percent and continue to oversee Lyon’s men’s team, separate from the women’s operation.
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