The Wilton Rancheria tribe becomes the first Native American tribe to gain majority ownership of a men's professional sports franchise, marking a historic moment in sports.
Wilton Rancheria made history, becoming the first Native American tribe to take majority ownership of a men's sports franchise. For Native American tribe Wilton Rancheria, what seemed to be a slightly outrageous idea came together reasonably quickly in the end. In January 2024, Chris Franklin, chief operating officer of the Sacramento-area tribe, raised a concept to his cousin, Jesus Tarango, the tribe’s chairman. “It's outside the box.
Nobody's ever done it and even with that, Wilton wants to be known as the tribe that does a lot of firsts.” And so it began. Tarango, Franklin and Wilton Rancheria entered discussions with Sacramento Republic FC majority owner Kevin Nagle. Within a year they had an official agreement, and the tribe became the first native American nation in sports history to obtain majority ownership of a men’s professional sports franchise. But what seems on the surface to be a business venture actually goes much deeper. Wilton Rancheria’s people have lived in the area for thousands of years - in their words “time immemorial.” The stadium in which USL Championship club Sacramento Republic play sits on soil that once belonged to the tribe's ancestors. This hefty investment - the new stadium they have agreed to build will cost more than $200 million alone - reaches beyond the usual confines of sporting success. Instead, it’s a reclamation project, a way of unifying a native people and the settlers that have, for generations, made their land home. “We’re building this stadium, bringing a community together to come and to celebrate. That's what that place served for thousands of years,” Tarango said.This whole thing was the perfect marriage of opportunity and heritage. Nagle was looking for an investor for the Republic, who have consistently been oneThey were crowned USL Champions in their debut season, and have made the playoffs in 10 of their 11 seasons
SPORTS NATIVE AMERICAN OWNERSHIP HISTORY INVESTMENT
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