Overview

• Sportico reported that owner Ted Segal is negotiating a sale of the NWSL club to the RHC Group for about $120 million.
• The NWSL said its due diligence on a proposed transfer is ongoing, and any transaction would require a vote of league owners.
• The league is seeking details on the source of RHC’s capital, with Sportico reporting the firm was funded by the independent wealth of founder Richard Hsiao’s mother.
• RHC is led by 24-year-old U.S.-born Richard Hsiao, whose group owns Greek club Aris B.C. and holds investments that include TMRW Sports.
• The reported price is well above Sportico’s $74 million valuation of the Dash last year, reflecting rising team values across the league.