Steve Baldwin has begun the process to sell the Washington Spirit, according to reporting by Molly Hensley-Clancy of the Washington Post.
To be clear, this is the beginning of a sales process — there's not an agreement with any buyer yet mentioned in this email.— Molly Hensley-Clancy (@mollyhc) October 14, 2021
To be clear, this is the beginning of a sales process — there's not an agreement with any buyer yet mentioned in this email.
Hensley-Clancy reports that Baldwin wrote in an email to investors that he has “commenced a process” to sell the team that “should be completed by the end of the year.”
It appears to be the beginning of a sales process, as Baldwin reportedly did not mention an agreement with any prospective buyer.
Spirit players, however, have been vocal in their demands that Baldwin sell his shares to Kang.
The news comes after reports came out last week that Baldwin had rescinded an offer to sell the Spirit to Y. Michele Kang.
On Thursday, more information came to light on the Spirit’s ownership struggles. According to reports, Kang and her company had offered to pay for the team’s jersey sponsorship rights in a deal totaling $1 million. Baldwin, however, declined and instead accepted a $200,000 deal with IntelliBridge.
Currently, the Spirit are third in the NWSL standings.