Major League Soccer club FC Cincinnati expended ownership group with Former eBay and HP CEO Meg Whitman investing $100 million for a 20% stake in the club, setting the MLS team’s price tag at $500 million.
Whitman was also appointed as an alternate governor on the MLS Board of Governors.
In a press release, the club announced: “the [Whitman] family’s significant incremental capital investment will include the construction of the forthcoming West End Stadium and the commitment to a winning team.” FC Cincinnati are now in the midst of building a new, $250 million stadium that is planned to open in 2021.
Meg Whitman; Photo Credit: Shanghai Daily via AP Photo
Whitman, who started her career at Proctor & Gamble’s headquarters in Cincinnati, and continues to serve on the P&G board said: “Cincinnati has a special place in my heart. FC Cincinnati and soccer have both already proven to be cultural forces in the market…It’s a team with an exceptionally high ceiling.”
FC Cincinnati is one of the newest expansion teams in Major League Soccer, playing in the MLS Eastern Conference, with 2019 being the club’s inaugural season in America’s top flight soccer.
