Deals
Meg Whitman’s Stake Values Cincinnati Soccer Team at $500 Million
- Tech veteran is said to get 20% of MLS club for $100 million
- She’ll become the sixth woman on the MLS Board of Governors
Emmanuel Ledesma of FC Cincinnati plays in Harrison, New Jersey, on April 27.
Photographer: Elsa/Getty Images
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Meg Whitman, the Silicon Valley veteran and onetime gubernatorial candidate, has found a new calling: pro-soccer owner.
The executive is buying a minority stake in Major League Soccer team FC Cincinnati, part of a push by the first-year team to raise money for facilities and player contracts. Whitman, whose purchase was approved Wednesday, will become the sixth woman on the MLS Board of Governors, one of five to join within the past two years.