MLS outfit Sporting Kansas City have been sold this week at an enterprise valuation of approximately $700 million, marking one of the largest club sales in league history.
The ownership group overseen by the Illig family has agreed to sell its majority stake in the club to Peter Mallouk, an existing minority owner and the president and CEO of wealth management firm Creative Planning.
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Mallouk is expected to take control of roughly 80 percent of the team, while the Illig family will retain a small minority interest following nearly two decades of ownership.
“We can confirm that there have been no changes in the management of the club, and no changes in the club’s ownership participation in MLS governance or league activities,” the club said in a statement Friday afternoon.
“The Illig family continues to lead the club’s shareholder group, manage the club day to day, and represent Sporting Kansas City on the MLS board of governors.”
The deal is believed to set a new benchmark for a majority-stake sale in MLS, reflecting the league’s continued rise in club valuations.
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The club was most recently valued below that figure, making the agreed price another signal of accelerating investor confidence across the league.
The sale comes during a difficult on-field stretch for Sporting KC, but at a time when MLS as a whole continues to benefit from expansion momentum, growing commercial revenues, and the approach of the 2026 World Cup in North America.
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