NWSL’s Reign FC Acquired by French Powerhouse OL Groupe

Reign FC of the National Women's Soccer League has been acquired by the OL Groupe, the parent company of French powerhouse Olympique Lyonnais. The sale is expected to close in January. The French group will hold an 89.5% operating stake in the club, which plays in Tacoma, Washington. Current Reign FC majority owners Teresa and Bill Predmore will own 7.5%, and former NBA star Tony Parker will have a 3% share of the club. Reign FC will continue to play its home games at Cheney Stadium in Tacoma.