Sounders seek investors to fund new stadium

"The Seattle Sounders FC are seeking a "strategic capital raise" that would involve significant outside investment, the club announced on Thursday. The new capital could be directed towards the construction of a soccer-specific stadium. The Sounders said in the announcement that they have retained Moelis & Co. to lead the search for additional capital. According to Sportico, the investment would be limited to the Sounders, and not include NWSL side the Seattle Reign, which the Sounders purchased last year for a reported $58 million."

"The kind of investment the Sounders are seeking would go well beyond the minority investment deals involving the likes of Russell Wilson and Ken Griffey, Jr. Rather it would be a significant strategic partner that would bring considerable financial heft to the table. With the announcement, the Sounders are seeking outside investment for the first time since 2009. Sportico calculated the value of the Sounders to be $825 million."

"The Sounders have been among the league's leading clubs when it comes to attendance as well as on-field success. The Sounders finished second behind Atlanta United this year in attendance. The team has won two MLS Cups (2016 and 2019) and a Concacaf Champions Cup crown (2022). The Sounders organization is looking for the investment to add more momentum to the team's development of its Longacres site in nearby Renton, Wash., which currently houses the team's headquarters and training facility."

Seattle Sounders FC are pursuing a strategic capital raise involving significant outside investment that could fund a soccer-specific stadium. The club retained Moelis & Co. to lead the search for additional capital. Sportico reported the investment would be limited to the Sounders and would not include NWSL side the Seattle Reign. Sportico valued the Sounders at $825 million. The team ranks among MLS leaders in attendance and has won multiple major trophies. The organization seeks investment to accelerate development of its Longacres headquarters and training site and to further explore a new stadium before the 2032 lease expiry at Lumen Field.

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