Saturday, May 9, 2026

Utah Royals Likely Crowned As One of Two NWSL Expansion Teams

Utah-Royals
Utah Royals FC

The National Women’s Soccer League will expand to 14 teams, likely by 2024, according to commissioner Jessica Berman.

The start date hasn’t been confirmed by the league, which is finalizing a contract with an investment bank to handle the expansion process.

One of the two expansion teams is expected to be the Utah Royals FC, who moved to Kansas City at the end of 2020 to become the Kansas City Current.

“There are steps that need to be taken still in order to be in a position to be able to say, yes, in fact, that is happening,” Berman said about the team’s return.

David Blitzer, co-founder of Harris Blitzer Sports & Entertainment, and Smith Ownership Group purchased Real Salt Lake — the Royals’ MLS counterpart — earlier this year for a reported $400 million.

  • When the Royals moved, Real Salt Lake kept the rights to the team name and branding.
  • It could bring back the NWSL club in 2023 or 2024 for a predetermined fee.
  • There’s no public frontrunner for a second expansion team, but more than 30 investment groups are reportedly interested in the league.

Valuation Station

It’s unclear how much the return — or expansion — fee is. NWSL franchise valuations have reportedly increased tenfold over two years, and outlets are reporting that Berman is working with RSL’s ownership for an updated fee.

“The market will tell us what the price should be,” Berman said. “Certainly, our teams raising capital have helped change the nature of the conversation of how much our franchises are worth.”

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

May 2, 2026; Atlanta, Georgia, USA; Atlanta United midfielder Saba Lobjanidze (11) reacts to his goal against the CF Montréal in the first half at Mercedes-Benz Stadium. Mandatory Credit

How Atlanta Unexpectedly Became the Epicenter of U.S. Soccer

U.S. Soccer is opening a new national HQ in Georgia.
In this photo illustration, a mobile device displays the Kalshi logo while a laptop displays the webpage of the prediction market platform in Copenhagen, Denmark, on February 10, 2026. (Photo by Kristian Tuxen Ladegaard Berg/NurPhoto)

Leagues Weigh In on Future Prediction Market Regulation

Safeguarding integrity and protecting consumers were common themes.
Sep 2, 2025; San Francisco, California, USA; New York Liberty forward Breanna Stewart (30) shoots the ball against Golden State Valkyries guard Veronica Burton (22) during the first quarter at Chase Center.

Ariel Investments Sees a $1B Women’s Sports Team in the Next 5 Years

Like small-cap stocks, women’s sports teams have room to run.

Featured Today

Matt Palumb

Pro Lacrosse’s Top Ref Is As Famous As the Players

The last celebrity referee is in the Premier Lacrosse League.
Tottenham Hotspur
May 6, 2026

Tottenham Hotspur Is Facing a Billion-Dollar Disaster

A seemingly improbable drop to England’s second tier is a tangible possibility.
Cricket - Indian Premier League - IPL - Final - Royal Challengers Bengaluru v Punjab Kings - Narendra Modi Stadium, Ahmedabad, India - June 4, 2025 Royal Challengers Bengaluru's Rajat Patidar lifts the trophy as he celebrates with teammates after winning the Indian Premier League
May 5, 2026

How Private Equity Fell in Love With Indian Cricket

India’s U.S.-style cricket league has become a private-equity playground.
Kaitlin Oaks (left) from Tampa looks at photos with Layla Abutha from Tampa while attending Thurby at Churchill Downs during the week of Kentucky Derby on Thursday, April 30, 2026.
May 1, 2026

Kentucky Derby Is Courting Gen Z

Churchill Downs is mixing traditional splendor with a youthful atmosphere.
Apr 11, 2025; Dallas, Texas, USA; Dallas Mavericks minority owner Mark Cuban walks off the court after the game against the Toronto Raptors at the American Airlines Center.

Why Mark Cuban Bought Into a Canadian Basketball Team

“Canada is producing more stars than any other country.”
May 4, 2026

Bulls Hire Hawks SVP Bryson Graham in Effort to Return to Relevance

Graham spent 15 years working for the Pelicans.
May 5, 2026

Dallas Wings Coach: Team Will Play 2027 Games at Mavericks’ Arena

The Wings CEO said that the move is not final.
Sponsored

What Is It Like to Run the Knicks?

Dave Checketts on his time running the Knicks & Jazz, Jordan war stories, and his investment strategy across major sports leagues.
Apr 15, 2026; Ottawa, Ontario, CAN; Toronto Maple Leafs defenseman Morgan Reilly (44) blocks a shot as he battles with Ottawa Senators center Nick Cousions (21) in the first period at the Canadian Tire Centre.
May 4, 2026

As Parent Company Pares Back, Maple Leafs Retool Front Office

The team has not advanced to the conference finals since 2002.
May 3, 2026

Valkyries Cut the Player They Acquired in Flau’jae Johnson Deal

The Golden State Valkyries acquired Marta Suárez and a future second-round pick on draft night for Flau’jae Johnson.
May 3, 2026

Indiana Fever Accused of Using AI Again After Caitlin Clark Remark

It’s not the first time the organization’s been accused of using AI.
May 1, 2026

Dundon Pours Money Into Pickleball As He Cuts Blazers Spending

NBA fans have nicknamed the Blazers owner “El Cheapo.”