Want more from Front Office Sports
in your search results?
The Wilf family, owners of the NFL’s Minnesota Vikings, completed their purchase of Orlando City SC and the Orlando Pride last week, the latest in a flurry of soccer team investments.
Terms weren’t disclosed, but the deal has been pegged at up to $450 million. The DeVos family, which owns the NBA’s Orlando Magic, joined as a limited partner.
The Wilfs are among several individuals investing in both MLS and NWSL teams.
- Ted Segal bought the Houston Dynamo and Dash in June for an estimated $400 million. Oscar De La Hoya and the Brooklyn Nets’ James Harden became minority owners of both franchises.
- In December, Dell Loy Hansen, owner of MLS’ Real Salt Lake, sold the NWSL’s Utah Royals FC to a group that moved the franchise to Kansas City.
- Mia Hamm-Garciaparra is a part owner of LAFC and Angel City FC, which is set to join the NWSL in 2022.
MLS clubs are on an upward trend: Both DC United and LAFC were recently valued at over $700 million.
The nature of MLS team ownership could be set to change. Earlier this month, MLS opened its doors to private equity financing after taking close to $1 billion in losses last year due to pandemic-related attendance shortfalls.
Download the FOS App
The business of sports, in your pocket.
Scan the QR code to get the app now.
