Over the past several months, the Washington Spirit have won the NWSL championship, and also been at the center of a very public tug-of-war over ownership of the club.
On one side: Steve Baldwin and Bill Lynch, two co-owners who together had or controlled a majority of votes among the club’s ownership group. Baldwin and Lynch have been looking to sell the club. On the other side is Michele Kang, another co-owner, who offered well over market value for the club, but has also been publicly critical of Baldwin during his time as controlling owner of the team.
Though Kang’s offer was for $35 million dollars, The team was thought to be on the verge of a sale to another group for $25 million dollars. On Tuesday, a group of the Spirit’s minority owners were key to a complete flip of the script.
It’s a lot to take in, but Steph Yang is here to help parse through some of the details.
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