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Denver NWSL franchise finalizes ownership as league greenlights loans and expansion cash

Scheduled to begin play in Centennial in 2026, the team will move into a 14,500-seat Santa Fe Yards stadium slated for completion in 2028.

Denver NWSL Stadium Rendering
Controlling owner Rob Cohen speaks during an introductory press conference for the NWSL at GALS School in Denver on March 18, 2025. (Photo by AAron Ontiveroz/The Denver Post)

Overview

  • The NWSL’s 16th franchise has finalized an ownership group led by Rob Cohen and featuring investors Mikaela Shiffrin, Peyton Manning and Colorado-based stakeholders.
  • Expansion rules approved June 5 grant Denver access to $1.065 million in allocation money, an extra $968,000 transfer threshold and allow intraleague loans starting July 1.
  • Jen Millet was named team president and Curt Johnson general manager as the club builds its front office ahead of the 2026 debut.
  • The team will play its first two seasons at a temporary Centennial venue while a purpose-built Santa Fe Yards stadium, approved at a $70 million cost, is on track for a 2028 opening.
  • Founders of the For Denver FC movement and other local investors hold stakes in the club, underscoring the franchise’s commitment to community roots.