Sacramento Kings investors in talks to buy NWSL side Portland Thorns
The Bhathal family is in “exclusive talks” to purchase the NWSL’s Portland Thorns, sports business portal Sportico reported
The Bhathal family, the leading investors in NBA side Sacramento Kings are in “exclusive talks” to purchase the NWSL’s Portland Thorns, Sportico reported on Wednesday.
“No purchase agreement has been signed and the talks could still fall apart,” the report said. “Any deal would also be subject to league approval.”
BREAKING: The Bhathal family, investors in the Sacramento Kings, is in exclusive talks to acquire the NWSL’s Portland @ThornsFC
— Sportico (@Sportico) November 15, 2023
Read: https://t.co/ql6IWvUkxu pic.twitter.com/pK1sUgcisW
The Thorns have been on the market since late 2022 after a lengthy investigation into abuse in women’s soccer. The NWSL accused Thorns leadership of failing to take appropriate action in light of allegations of player abuse and sexual misconduct against former head coach Paul Riley.
Sportico valued the Thorns, one of the NWSL’s eight original teams, at $65 million.
Merritt Paulson, who also owns MLS team Portland Timbers has owned the Thorns since the league was founded in 2012.
Raj Bhathal, a swimwear magnate, and his son, Alex, were part of the consortium that purchased a majority stake in the Kings from the Maloof family in 2013.