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Sports Edge · Intelligence Desk ISABELLA'S ISLAY

Columbus Pays $205M for NWSL Franchise, Haslam Group Bets on 2028 Stadium Economics

Expansion fee doubles prior record as league prices in venue control and local sponsor depth before first whistle.

Published August 2, 2026 Source MSN Sports From the chopped neck
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ISABELLA'S ISLAY · August 2, 2026

Columbus Pays $205M for NWSL Franchise, Haslam Group Bets on 2028 Stadium Economics

Expansion fee doubles prior record as league prices in venue control and local sponsor depth before first whistle.

The National Women's Soccer League awarded its 18th franchise to Columbus on Tuesday, with the Haslam Sports Group and local investors paying $205 million to enter play in 2028. The fee is $90 million above the $115 million Boston and Denver each paid in 2024, and marks the first time a women's professional sports expansion has cleared $200 million in North America.

The Columbus group is led by Dee and Jimmy Haslam, who control the NFL's Cleveland Browns and a 25% stake in the Milwaukee Bucks. The franchise will share Lower.com Field with the MLS Columbus Crew, which the Haslams purchased alongside the Edwards and Fischer families in 2019 for $230 million after a protracted relocation fight. The NWSL team inherits a downtown stadium opened in 2021 with 20,371 capacity, 30 suites, and a kit sponsorship infrastructure already built for soccer. No temporary venue. No public subsidy ask. The team starts with cash flow from day one if attendance tracks league averages above 9,000.

The fee structure tells you what NWSL Commissioner Jessica Berman is pricing into expansion now. Boston and Denver paid $115 million in early 2024 before either had a venue locked. Columbus is paying 78% more with a controlled building, an MLS sponsor stable that includes Acura and Nationwide, and a metro population of 2.1 million that already supports an MLB, NHL, and two Division I programs. The league is no longer selling hope. It is selling operating margin for ownership groups that can skip the three-year venue hunt and sponsor education cycle. Cincinnati paid $50 million to join MLS in 2016. Columbus is paying $205 million for the women's league twelve years later because the returns are legible.

Two second-order effects matter for existing clubs. First, the expansion fee resets the private valuation floor. Angel City was last privately valued near $180 million in a late 2023 round. Washington Spirit sold for $35 million in 2022. The $205 million Columbus paid is an entry fee, not an equity stub, which implies the asset itself is worth materially more on stabilized revenue. Clubs with downtown venues and local sponsor traction can now point to Columbus as the comp when a family office asks about exit scenarios. Second, the 2028 launch gives the league four years to negotiate its next media deal before adding supply. The current Apple TV contract runs through 2027 and pays clubs roughly $400,000 annually. If the league signs a linear component or meaningfully higher streaming guarantee before Columbus kicks off, the expansion team enters with higher per-club media revenue than the $115 million Denver and Boston paid to access.

Haslam Sports Group has made one significant women's sports bet prior: a minority stake in the WNBA's Cleveland Charge, which it exited in 2023. The Columbus NWSL move is structurally different. The Haslams control the venue, the naming rights, the concessions, and the local MLS partnership that has already signed nine-figure sponsor agreements with Columbus-headquartered firms. The NWSL team plugs into an existing commercial engine rather than building one. The Crew averaged 20,674 fans in 2024, sixth in MLS. The women's team can market to that season-ticket base, split front-office overhead, and avoid the facilities capex spiral that has killed three prior women's leagues.

Watch three timelines. First, Columbus must name a general manager and head coach by late 2025 if it wants to participate in the 2026 NWSL Draft with protected expansion picks. The league has not yet published roster construction rules for the 18th team, but the 2024 expansion sides each selected 12 players via draft and trade before free agency. Second, the Crew's kit deal with Acura expires in 2026, and Columbus will structure the renewal to include women's team inventory, likely adding $2-3 million annually in split revenue. Third, Cincinnati is quietly exploring an NWSL bid with a 2029 or 2030 window, per two sponsor-side sources, which would give the league 19 teams and a clean travel pod structure across Eastern and Central time zones.

The $205 million fee is the number. The 2028 start date is the tell. Columbus is paying for four years of MLS infrastructure maturation, four years of media deal clarity, and the certainty that the league survives long enough to make the check worthwhile.

The takeaway
Columbus paid $205M for operating leverage—stadium control, MLS sponsor base, metro depth—not speculative upside, resetting NWSL club valuations before first kick.
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