Denver has officially won the bid to host the 16th NWSL team, Sportico reported Thursday.
The Colorado city put up a record $110 million expansion fee to join the surging league, with the team set to kick off in 2026.
Denver beat out bids by Cincinnati and Cleveland to secure the final spot in the NWSL's most recent expansion round. The league has not yet released a timeline for future growth.
Denver NWSL campaign led by local investment group
More than double the $53 million paid by fellow NWSL entrant Boston, the steep price tag represents the largest expansion fee in US professional women's sports history.
IMA Financial Group CEO Robert Cohen serves as the Denver group's lead investor, with Sportico noting that the initial payment arrived on Tuesday. A longtime supporter of Denver-area athletics, Cohen currently sits on the board of the Denver Sports Advisory Committee as well as the Colorado Springs-based US Olympic and Paralympic Foundation.
The broader investment group subsequently includes For Denver FC, a campaign formed to support bringing the NWSL to Denver. Members span multiple backgrounds, with ex-USL executive Tom Dunmore and former NWSL player, soccer broadcaster, and host of JWS show The 91st Jordan Angeli representing the sports professionals.
According to The Athletic, the new team has discussed building its own stadium. However, they plan to launch in a temporary stadium until they're able to construct the new venue.