• Loading stock data...
Saturday, November 23, 2024

Marc Lasry to Buy NWSL’s Courage at $108 Million Valuation

  • Marc Lasry is close to acquiring a majority stake in the North Carolina Courage.
  • The deal would put the valuation of the Courage at $108 million.
Jaylynn Nash-Imagn Images

Former Bucks owner Marc Lasry is closing in on a deal to purchase a majority stake in the NWSL’s North Carolina Courage, according to Sportico.

Lasry is expected to buy a 60% stake in the franchise at a valuation of $108 million from current majority owner Steve Malik, who founded the Courage in 2017 after purchasing the Western New York Flash for an unknown amount.

Angel City FC and the Seattle Reign were two other NWSL franchises that Lasry, who sold his 25% stake in the Bucks in April at a $3.5 billion valuation, was reportedly targeting before this deal with the Courage. Disney CEO Bob Iger and his wife, Willow Bay, purchased Angel City FC in July at an NWSL record valuation of $250 million.

The Courage raised $15 million in funding in August 2023. The following month, Malik brought in new investors, which included tennis stars Naomi Osaka and Ons Jabeur. The team has seen success on the field, winning back-to-back NWSL championships in 2018 and 2019.

However, the team was also deeply embroiled in the Yates report released in 2022 after then head coach Paul Riley was accused of sexual coercion. 

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 7, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates with owner Michel Kang and Washington Commanders owner Magic Johnson after scoring a goal against Portland Thorns FC during the second half at Audi Field

The NWSL Has Become the New Darling of Ambitious Investors

The NWSL is in a hyper-growth era, and cash is flowing in.
Indiana Fever guard Caitlin Clark (22) smiles while answering a question Tuesday, Sept. 17, 2024, after an Indiana Fever practice at Gainbridge Fieldhouse in Indianapolis.

Caitlin Clark a ‘Vital’ Part of Cincinnati NWSL Bid As League Expands

The WNBA superstar has joined an NWSL expansion bid in Cincinnati.
Nov 16, 2024; Washington, District of Columbia, USA; Washington Spirit forward Trinity Rodman (2) celebrates after defeating NJ/NY Gotham FC in a 2024 NWSL Playoffs semifinal match at Audi Field. Mandatory Credit:

The Washington Spirit’s Business Makeover Carried Them to the Finals

The team’s return to the NWSL championship looks a lot different from 2021.
Sep 25, 2024; Uncasville, Connecticut, USA; Indiana Fever guard Caitlin Clark (22) reacts during the first half against the Connecticut Sun during game two of the first round of the 2024 WNBA Playoffs at Mohegan Sun Arena.

Caitlin Clark Has Told Unrivaled She Won’t Play in Inaugural Season

Clark has definitively told Unrivaled that she won’t be playing this year.
podcast thumbnail mobile
Front Office Sports Today

How Conference Expansion Has Changed College Football

0:00

Featured Today

Nov 18, 2023; Las Vegas, Nevada, USA; Williams Racing driver Logan Sargeant of the United States (2) during the Las Vegas Grand Prix at Las Vegas Strip Circuit.

F1 Grand Prix Upended Vegas Last Year. Stakes Are High for Its..

Stakes are high as F1 gears up for a successful second act.
Classic Football Shirts New York Pop-Up
November 18, 2024

Vintage Soccer Jerseys Have Found a Sweet Spot in the Lucrative U.S...

The money-making shirts are at the prime intersection of memorabilia and fashion.
Nov 13, 2024; New York, New York, USA; New York Knicks guard Josh Hart (3) reacts after fouling Chicago Bulls guard Coby White (not pictured) during the second half at Madison Square Garden.
opinion
November 16, 2024

NBA Ratings Rorschach Test: Buy the Dip

Was it the election? Too many threes? Lack of storylines?
November 15, 2024

Executive Decision: When Richard Nixon Named a College Football Champion

In 1969, the 37th president unilaterally named the winner of the season.
Sep 29, 2024; Paradise, Nevada, USA; Las Vegas Raiders owner Mark Davis acknowledges a fan before the start of a game between the Raiders and the Cleveland Browns at Allegiant Stadium.

Mark Davis to Unload More of the Raiders

He’s agreed to give 15% to new owners, shortly after the Brady sale.
Michele Kang
November 19, 2024

Michele Kang Drops Whopping $30 Million on U.S. Soccer

It’s the largest gift to the federation focused on girls and women.
Aaron Rodgers
November 19, 2024

Jets Clean House With Only Aaron Rodgers Remaining

Joe Douglas’s firing wasn’t a surprise, but the timing was.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
November 18, 2024

Roaring to the Top: Lions Become Super Bowl Favorites for First Time

This is the first time in franchise history Detroit is favored to win the Super Bowl.
November 17, 2024

Dallas Wings Secure No. 1 WNBA Pick Projected to be Paige Bueckers

Bueckers has endorsement deals with Nike and Gatorade and an equity stake in Unrivaled.
November 13, 2024

NHL’s Smallest-Market Team Is Breaking Records, Securing Its Future

Both wins and attendance are way up for the often-overlooked NHL franchise.
Nov 8, 2024; Minneapolis, Minnesota, USA; Portland Trail Blazers guard Anfernee Simons (1) works around Minnesota Timberwolves guard Donte DiVincenzo (0) in the third quarter at Target Center.
November 13, 2024

Trail Blazers Troll Fan With Gambling Addiction Helpline

The official account suggested that a complaining fan on X/Twitter should call 1-800-GAMBLER.