San Diego Wave Sale Completed

Taylor Vincent
Taylor Vincent, Resident NWSL ExpertOctober 17, 2024
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Today the Levine Leichtman Family Office completed the acquisition of the San Diego Wave from its original owner Ron Burkle. As originally reported in March, the family bought their first 35% stake in the spring, and the remaining 65% of the deal closed today with the approval of the NWSL Board of Governors. 

The Wave were recently valued at $132 million in a report by Sportico. The sale carried a weighted average of $113 million, with the second portion at $120 million. The Wave joined the league in 2022 under the ownership of Ron Burkle, on just a $2 million expansion fee. 

“We are incredibly proud to take ownership of the San Diego Wave FC,” said Lauren Leichtman said in a team release. “This team has made a significant impact on women's soccer and has become an integral part of the San Diego community.”

Leichtman also spoke of the importance of creating an unparalleled experience for fans, players, and staff,” [o]ur commitment to the club will extend beyond the field as we pursue the construction of a new state-of-the-art training facility while also supporting local youth development and community programs.”

Lauren Leichtman will serve as the team’s representative on the NWSL Board of Governors, and Zachary Leichtman-Levin will be the alternate. 

Additionally, the Levine Leichtman Family Office added additional partners to the ownership group, “these new partners, many of whom are established business and philanthropic leaders in San Diego, bring a wealth of experience, passion, and diverse perspectives that will only strengthen the club and enhance our ability to achieve even greater success. Together, we are committed to not only winning on the field but also fostering meaningful connections within the San Diego community.”

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Courtesy of San Diego Wave FC

 

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