Michele Kang will make investments $30 million in U.S. Soccer over 5 years, making the Washington Spirit’s proprietor the largest contributor ever to lady’s and ladies’s soccer initiatives by the nationwide program.
The donation is the most important ever to U.S. Soccer by a girl.
Kang not solely is the proprietor of the NWSL’s Spirit, she additionally is almost all proprietor of ladies’s soccer groups Olympique Lyonnais Feminin in France and London Metropolis Lionesses in England.
Investments in girls’s sports activities are nothing new to Kang, who donated $50 million in July for ladies’s well being initiatives in sports activities, then donated $4 million to the U.S. girls’s rugby sevens program after the Paris Olympics, whereas additionally creating her personal sports activities science nonprofit.
Kang initially bought a 35-percent stake within the Spirit in 2020 then grew to become the bulk proprietor in 2022 for a $35 million funding. The membership will face the Orlando Satisfaction on Saturday for the NWSL title.
The 65-year-old is the founder and CEO of Cognosante, a medical know-how firm. In Could, Cognosante was acquired by Accenture Federal Providers for an undisclosed sum.
Kang’s Kynisca Sports activities Worldwide, which was launched in July and primarily based in London, invested $2 million on Oct. 31 in IDA Sports activities, which is creating footwear for feminine athletes.
In January, Kang joined the possession group of the Baltimore Orioles.
–Discipline Stage Media
