#mls-valuation

#mls-valuation

A minority owner in MLS side Sporting Kansas City has completed a deal to purchase a majority stake in the club from its current owners, a source confirmed to ESPN. Sporting KC has been owned by the Illig family since 2006, but according to the source they are selling a 71 percent stake to minority owner Peter Mallouk, who already owns part of the team, to bring his stake up to 80 percent. The purchase price Mallouk paid for the majority stake was based off a $700 million valuation of the club.