The long limbo for the Chicago Red Stars has finally ended — and in a fitting fashion. The team won its first match under new ownership, led by Laura Ricketts, with a 2-0 win over the Washington Spirit last weekend following the official closing of the sale on September 1. Before former majority owner Arnim Whisler had even announced his intent to sell the NWSL team in December, Ricketts was already expecting the Red Stars to go on the market. Last October, Red Stars players collectively issued a statement asking for the team’s board to “(find) a new majority owner.” “Looking at it,...
, despite being one of four final shortlisted bids. The group cited the bidding process as the reason.
As Ricketts pointed out, the opportunities for women to invest in professional sports are slim. The NWSL and WNBA have increased those opportunities, but it’s not the right call for everyone. But for many women, the usual path is that the sports careers get left behind as they shift to their careers. Ownership stakes offer a way back in and a way to use their expertise in a full circle kind of moment.
The current Chicago Red Stars are far from a championship-caliber team. But the sale’s done, at least. There are a handful of weeks left in this NWSL season, but the project ahead is all about 2024.“There’s a lot that needs to be addressed immediately,” Ricketts acknowledged when asked about how the new ownership group plans to prioritize. They’ve been thinking about how to start the work for a while, even before closing the deal.
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