• Loading stock data...
Thursday, December 11, 2025

Washington Spirit Owner to Sell Team

  • Washington Spirit owner Steve Baldwin will sell the team, after being called on to do so by his own players.
  • He said he believed the sale would be wrapped up by the end of the year.
Washington Spirit/Design: Alex Brooks

Bowing to pressure from players, fans, and at least one minority owner, Washington Spirit controlling owner Steve Baldwin said Thursday he would sell his stake in the NWSL team.

The announcement follows calls from the team’s players to sell the team to minority owner Y. Michele Kang.

Last week, Spirit coach Richie Burke was removed and prohibited from working in the NWSL following a harassment investigation. Spirit leadership was barred from participating in league governance for failing to address that situation.

Baldwin resigned as CEO, a move Spirit players saw as insufficient.

The person we trust is Michele,” the players wrote, adding “you have always said you intended to hand the team over to female ownership. That moment is now. Please sell to Michele at a reasonable price.”

Kang bought a 35% stake in the team last December.

  • In July, the Wilf family, owners of the Minnesota Vikings, bought the Orlando Pride and Orlando City SC for up to $450 million.
  • The previous month, Ted Segal, founder of real estate and financing company EJS Group, bought the Houston Dynamo and Dash for a reported $400 million.

Baldwin said a sale of his stake should be wrapped up by the end of the year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Trinity Rodman

NWSL Union Fights Back After League Vetoes Trinity Rodman Contract

Rodman could be the latest American star to leave for Europe.
Gift Monday

NWSL Attendance Is Down—Except for Its Best Teams

Attendance is up in Washington and New Jersey.
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.

Featured Today

The Los Angeles Chargers host executives from UCLA Health on Wednesday, August 7, 2024 at The Bolt in El Segundo, CA.

The Multibillion-Dollar Business of Pro Athlete Recovery

What started as ice baths has evolved into a multibillion-dollar industry.
Big League Wiffle Ball
November 29, 2025

Celebrity-Backed Wiffle Ball Has Big-League Aspirations

Big League Wiffle Ball team owners include Kevin Costner and David Adelman.
November 24, 2025

How NBA Arena Experiences Went Ultra-Luxe

For the most connected guests, the game has become a secondary attraction.
Nov 23, 2025; Inglewood, California, USA; Los Angeles Rams quarterback Matthew Stafford (9) throws a pass against the Tampa Bay Buccaneers during the fourth quarter at SoFi Stadium.
November 24, 2025

Stafford, Rams Rise From the Pack to Super Bowl Contention

The NFL team now has the top odds to win Super Bowl LX.

Patrick Mahomes Deepens His Adidas Ties, Debuts Golf Gear Line

Mahomes extends Adidas deal and launches his own branded golf apparel line.
Louisville’s Miller Moss and several of his teammates stopped by Olympus Gaming Lounge to play EA Sports College Football 26 with fans for a meet and greet. July 11, 2025
September 29, 2025

Saudis, Silver Lake, Jared Kushner Take EA Private in $55B Deal

Electronic Arts makes “Madden,” “EA Sports College Football,” and more.
TopGolf representatives celebrate their ribbon-cutting ceremony with Bay County residents in Panama City Beach, Fla., June 26, 2025. (
November 18, 2025

Callaway Offloads Topgolf in $1.1 Billion Sale to PE Firm

The deal unwinds Topgolf’s 2020 merger with Callaway.
Sponsored

20 Years of Coastal Cool: How Johnnie-O Became a Force in Golf,..

A style movement powering one of the fastest-growing brands in sports and lifestyle.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.