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Investor Peter Mallouk Acquires 80% Stake in Sporting KC

1/20/2026

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Summary

Story summary

Peter Mallouk (investor) has acquired a majority stake in Sporting Kansas City, raising ownership from 29% to more than 80%.
The deal is valued at $700 million, the highest valuation for a majority MLS stake.
The Illig family, owners since 2006, will retain control of day-to-day operations and representation on the MLS board.
Mallouk aims to enhance the team's performance through increased investment.

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Story summary

Peter Mallouk (investor) has acquired a majority stake in Sporting Kansas City, raising ownership from 29% to more than 80%.
The deal is valued at $700 million, the highest valuation for a majority MLS stake.
The Illig family, owners since 2006, will retain control of day-to-day operations and representation on the MLS board.
Mallouk aims to enhance the team's performance through increased investment.