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Chicago & Midwest  + Downtown  + Retail  |  August 15, 2023
Jasmine Kilman
By: Jasmine Kilman

Cubs Co-Owner Laura Ricketts Leads Group Buying Chicago Red Stars

An ownership group of Chicago businesswomen led by Laura Ricketts, co-owner of the Chicago Cubs and a minority owner of the Chicago Sky, have agreed to buy the NWSL’s Chicago Red Stars.

Terms of the deal were not disclosed, but The Washington Spirit sold for $35 million in early 2022. The sale is still pending and requires approval by the NWSL Board of Governors.

Also included in the Ricketts-led group is Ventas CEO Deb Cafaro, who is also a minority owner of the NHL’s Pittsburgh Penguins; Tawani Enterprises President and CEO Jennifer Pritzker; Loop Capital Partner Sidney Dillard; and Impact Engine Partner and CEO Jessica Droste Yagan.

The deal signals a new chapter for Red Stars after former head coach Rory Dames resigned in 2021 amid allegations of emotional abuse by players. Then-owner Arnim Whisler later agreed to sell the team after he was fired as chairman. Chicago currently sits 11th in the NWSL standings.

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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