Washington Spirit owner Michele Kang said that she will “keep buying” women’s soccer teams in Asia, South America and elsewhere to “help the game grow beyond the U.S. and Europe.” Kang has been a “revolutionary in markets all over the world” as soccer, just a few years ago, had most owners “operating their clubs on a shoestring.” Kang said, “I really am doing this because I want people to wake up and say, ‘This is a good investment.’ This is seed capital. I want more people to come in.” She has already “shelled out” $35M on the Spirit. Kang: “Everyone thought that I was crazy, right?” (WALL STREET JOURNAL, 11/23).
NYCFC gets naming rights deal; Rays’ ballpark situation gets murkier; LOVB gets $100M boost; and NBA gets first animated alt-cast.
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