Former Milwaukee Bucks owner Marc Lasry is reportedly nearing a deal to acquire a controlling stake in the North Carolina Courage, valued at approximately $108 million. This potential transaction involves a 60% ownership interest in the National Women’s Soccer League (NWSL) team, currently owned by Steve Malik.
Details of the Deal
According to Sportico, Lasry’s proposed acquisition would grant him principal ownership of the Courage, while the remaining 40% stake would be distributed among minority owners, including notable figures such as four-time Grand Slam tennis champion Naomi Osaka. The deal is still subject to board approval.
Lasry’s Interest in the NWSL
Lasry has a history of interest in women’s soccer, having previously expressed intentions to purchase stakes in various NWSL teams, including the Seattle Reign. His interest in the league intensified as he competed with high-profile individuals like Disney CEO Bob Iger and his wife, Willow Bay, for ownership of Angel City earlier this year.
The Bigger Picture
The North Carolina Courage has established itself as a formidable force in the NWSL, winning championships in 2018 and 2019 shortly after its founding in 2017. However, the club has faced challenges in revenue generation, ranking among the lowest in the league according to reports. Lasry’s investment could provide the necessary resources to revitalize the team’s financial standing.
If finalized, Marc Lasry’s acquisition of a controlling stake in the North Carolina Courage could mark a significant shift in the club’s trajectory. As Lasry, who is valued at $1.9 billion according to Forbes, steps into this role, the potential for increased investment and growth within the NWSL is promising. Both Lasry and the Courage have yet to comment on the negotiations, but the outcome could reshape the landscape of women’s soccer in North Carolina.
Summary
Lasry is nearing a $108 million deal for a 60% stake in NC Courage.
He has a history of interest in NWSL teams.
The Courage has struggled with revenue despite past championships.