Sporting KC Is Being Sold For Roughly $700 Million, An MLS Record

Sporting Kansas City owners sell majority stake in team. Here are the details

OnGoal — Neal Patterson, Cliff Illig, Pat Curran, Greg Maday and Robb Heineman — bought the then-Wizards from Lamar Hunt in 2006.

Report: Sporting KC to be sold for about $700 million to one of team's limited partners

A report released by Forbes on Friday night stated Sporting Kansas City will be sold for about $700 million to one of the club's existing limited partners.

Sporting KC Is Being Sold For Roughly $700 Million, An MLS Record

An existing minority owner is said to be buying the club, which Forbes valued at $650 million last year, but the Illig family is expected to remain in control—at least for the time being.

Illig Family Selling Majority Stake in Sporting KC

In a big Friday news drop, Forbes announced that the Illig family is selling their majority stake in Sporting KC. According to Forbes the sale was to one of the club’s existing limiting partners at an enterprise value of $700 million. Later this evening, Sam McDowell confirmed that the Illig’s stake was sold to Peter Mallouk through the team, who in a statement said “Peter Mallouk is now the majority shareholder of the club.” The sale is believe…