https://www.highperformancecpmgate.com/hkfkrv2cv2?key=ad16c9b8e529a731c8044ce76c87152a
Saturday, December 3, 2022
HomeWineMerritt Paulson bought minority stake in Portland Timbers, Thorns final yr

Merritt Paulson bought minority stake in Portland Timbers, Thorns final yr



Merritt Paulson bought a 15% stake within the Portland Timbers and Thorns group in 2021 to a personal fairness agency, a transfer first reported by sports activities enterprise media outlet Sportico in its annual valuation of MLS franchises.

Arctos, a agency invested in not less than 18 skilled sports activities groups globally together with the Chicago Cubs, Los Angeles Dodgers, Golden State Warriors and others, bought a 15% stake within the Timbers and Thorns, a membership spokesperson confirmed to The Oregonian/OregonLive.

Kurt Badenhausen of Sportico famous it was the primary time Paulson had bought a stake within the group.

“The funding was at an enterprise worth of $600 million with Arctos securing a extra conventional minority low cost on its piece,” Badenhausen wrote.

Arctos describes its mission as serving to sports activities house owners “enhance liquidity and monetary flexibility,” in line with its web site.

Paulson, 49, and his household bought the Timbers in 2007 and paid $35 million to enter Main League Soccer as an growth staff in 2011. The Thorns joined the NWSL in 2013. The membership often called PTFC — combining the Timbers and Thorns underneath one enterprise umbrella — is valued at $685 million, in line with Sportico.

This makes PTFC the eighth most dear sports activities franchise in MLS, per Sportico’s rankings, trailing shut behind seventh-place NYCFC ($690 million) and sixth-place D.C. United ($700 million).

LAFC is probably the most profitable franchise in MLS with a valuation of $900 million. The Seattle Sounders are fourth at $725 million.

— Ryan Clarke, rclarke@oregonian.com, Twitter: @RyanTClarke



RELATED ARTICLES

Most Popular

Recent Comments