The Carlyle Group, an American multinational private equity firm, and Seattle Sounders, an American professional men's soccer club based in Seattle, agreed to acquire Seattle Reign, an American professional women's soccer team, from OL Groupe, a French holding company primarily known for its ownership and management of the Olympique Lyonnais professional men's and women's association football clubs, for $58m. "OL Groupe is delighted with this transaction as it ensures a locally-led group will continue OL Groupe's successful development of the Seattle franchise," OL Groupe.