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Loeb Represents Ron Burkle in Record Breaking Sale of NWSL San Diego Wave FC

Loeb represented Ron Burkle, owner of the National Women’s Soccer League (NWSL) team the San Diego Wave FC, in the sale of the San Diego Wave to Lauren Leichtman and her husband Arthur Levine, founding partners of Levine Leichtman Capital Partners.

The Wave entered the NWSL in 2022, marking a significant milestone for the league. According to several news outlets, the recent sale of the Wave to the Leitchman family nearly doubles the previous NWSL record sale of $63 million set by the Portland Thorns earlier in 2024.

The Loeb team included Brian Socolow, co-chair of the firm’s Sports industry practice; Ronelle Porter, deputy chair of the Capital Markets & Corporate department; and Corporate of counsel Governor Gray Davis, associate Evan Saunders and paralegal Joshua Rosenstock.