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Bhathalfamily

All articles tagged with #bhathalfamily

sports2 years ago

"Bhathal Family Acquires NWSL's Portland Thorns for $63 Million"

The Portland Thorns FC has been sold to RAJ Sports, owned by the Bhathal family, for $63 million. The NWSL board of governors approved the sale, with Lisa Bhathal Merage set to be the controlling owner. The Bhathals have pledged to keep the team in Portland and are planning to build a new training facility while maintaining operational support from the Timbers organization during the transition. The sale follows a period of scrutiny for the Thorns due to systemic abuse investigations within the NWSL. The Bhathal family, with existing sports and real estate investments, aims to strengthen the team's future and rebuild trust with supporters.

via The Athletic|
##bhathalfamily#nwsl
sports-business2 years ago

"Bhathal Family's RAJ Sports Secures Portland Thorns FC in $63 Million Purchase"

RAJ Sports, led by Lisa Bhathal Merage and Alex Bhathal, has completed the acquisition of Portland Thorns FC from Peregrine Sports LLC, with Lisa becoming the controlling owner and NWSL Governor. The Bhathal family, with a diverse portfolio in sports team ownership, plans to advance the club by building a new training facility and leveraging their experience in sports and real estate. The Thorns will continue to play at Providence Park, and the NWSL has expressed enthusiasm for the growth potential under the new ownership.

via Portland Timbers|
##bhathalfamily#nwsl
sports2 years ago

"Bhathal Family Acquires Portland Thorns FC for $63M, Ushering New Era"

The Portland Thorns, a three-time NWSL champion soccer team, have been sold to Lisa Bhathal Merage and RAJ Sports for a record $63 million. The Bhathal family, with a background in sports and real estate investments, will take over soccer operations immediately, while Peregrine Sports will continue to handle business operations during the transition. The sale comes after former owner Merritt Paulson faced criticism for his handling of sexual abuse allegations within the team. The Thorns will continue to play at Providence Park, and a new training facility funded by the Bhathals is expected by 2025. The NWSL board of governors has approved the sale, marking a new era for the club.

via OregonLive|
##bhathalfamily#nwsl