Seattle Sounders LLC and The Carlyle Group Inc. (NasdaqGS:CG) entered into an agreement to acquire 97% stake in Seattle Reign LLC from Olympique Lyonnais Groupe SA (ENXTPA:OLG) for $58 million on March 17, 2024. The transaction is expected to close in early 2024, subject to approval by both the NWSL and MLS Board of Governors. Jason Krochak of Proskauer Rose LLP acted as legal advisor for Olympique Lyonnais Groupe.