Arthur Levine and Lauren Leichtman finished the acquisition of the NWSL’s San Diego Wave on Thursday for a reported $120 million, with a money outlay of $113 million, from former foremost proprietor Ron Burkle, The Athletic reported.
Burkle, who based the membership in 2021 after paying a $2 million enlargement rate, will obtain a report acquire worth on an NWSL franchise, after the Portland Thorns have been offered for a $63 million money outlay in January.
The Wave made their on-field debut in 2022, making the playoffs earlier than they have been eradicated within the semifinals. They earned the NWSL Protect in 2023, signifying the most productive report right through the common season, however once more have been eradicated within the semifinals.
The Wave have struggled to a 5-12-7 report this season and are all however eradicated from playoff competition.
In March, the Wave opened the season in entrance of a house crowd of 32,066 to set an NWSL report for a season opener. On Sept. 8, megastar ahead Alex Morgan performed her ultimate recreation for the membership earlier than going into retirement.
Levine and Leichtman finished the acquisition below the Levine Leichtman Circle of relatives Workplace identify. The Los Angeles-area based totally duo is the founding father of the Levine Leichtman Capital Companions personal fairness company.
–Box Stage Media
