OL Groupe announced March 18 an agreement on the sale of Seattle Reign FC to a group including the Seattle Sounders FC and the investment firm Carlyle.

The sale price has been noted as $58m with NWSL Board of Directors approval pending. Closing is expected soon.

The Reign recently rebranded back to the original Seattle Reign FC from OL Reign. The club has also moved training to the Starfire space the Sounders used for many seasons prior to the opening of their Longacres operations site.

The press release indicates additional details will be announced over time, along with the final approval. The long rumored sale saga appears to be nearing completion.

The Reign opened the 2024 NWSL regular season Sunday with a 1-0 win over Washington Spirit at Lumen Field.