Global female football powerhouse created through Lyon-Spirit alliance

Michele Kang, owner of Washington Spirit, has agreed to create a global women's football organization with Olympique Lyonnais Féminin.
Kang will become the majority owner and CEO of the company, which will be the first-ever woman-owned and led multi-club football group.
OL Groupe will contribute its women's team, and Kang will offer her majority share of the Spirit to the new venture.
The platform will acquire additional clubs in other countries in Europe, the Americas, and Asia.
The all-stock deal comes at a pivotal time for women's sport, with the two sides calling it "a clear sign that the investment and resources in women’s football are taking a major step towards equality with men’s teams."