(CercleFinance.com) – OL Groupe announces the signing of an agreement with a group including the Seattle Sounders and global investment company Carlyle for the sale of Seattle Reign FC (formerly OL Reign).
In this context, OL Groupe will sell its entire stake, i.e. 97% of the club’s share capital.
The sale price is 58 million dollars (around 53.6 million euros to date) for 100% of the shares. The transaction is expected to be finalized in early 2024.
This operation is part of the Group’s strategy, in particular the refocusing on men’s football announced on October 25.
It should allow OL Groupe to recognize a capital gain on the sale in the accounts for the 2023/2024 financial year, after deduction of the current account advances made in the development of the club and the impact of the cumulative results since the acquisition. of the American franchise in January 2020.
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