Sporting Kansas City, one of the most historic clubs in MLS, is set to undergo an ownership change, with the Illig family selling their majority stake in the club to Peter Mallouk at a record enterprise value of roughly $700 million, according to Forbes and the Kansas City Star.
Mallouk, who is one of the current minority owners, also owns a portion of Major League Baseball’s Kansas City Royals. As the president and CEO of wealth advisory firm Creative Planning, the 56-year-old would expand his sporting portfolio, taking over around 80% of the club from the Illig family’s 71% majority stake in the team.
