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Closing Bell

Washington Spirit Owner May Sell Majority Stake In NWSL Club

NWSL Washington Spirit Owner Bill Lynch is "in talks about selling a majority stake in the organization to local tech executive Steve Baldwin." Lynch "would retain close to" a 50% share in the team, according to a source. Sources said that if a deal is struck, Baldwin would "seek to upgrade the Spirit’s operations at Maryland SoccerPlex in Montgomery County and perhaps play additional matches at Audi Field." The Spirit have "averaged about 3,700 fans for home matches, a figure that is close to the break-even point for Lynch" (WASHINGTONPOST.com, 10/10).

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