Colorado’s Next Sports Franchise is a Women’s Soccer Team

It has just been announced that the next official Colorado sports team will be franchised as part of the National Women's Soccer League.

Read More: LOOK: Famous People Wearing Colorado Sports Teams Merchandise |

Since the information is so fresh and some investors are receiving anonymity, we don't know a whole lot of details regarding the news, but you'll find what we do know below.

How Much Did Investors Pay to Bring Franchise to Colorado?

A number of investors secured the National Women's Soccer League franchise with a record expansion fee of $110 million.

Get our free mobile app

The previous record for the highest expansion fee was $53 million held by a Boston group, with a Utah group matching the record a short time later.

Who is Bringing the Soccer Franchise to Colorado?

The purchase was spearheaded by IMA Financial Group CEO Robert Cohen, with other investors being named as Parsyl CEO and former Obama administration official Ben Hubbard, sports business executive Tom Dunmore, Phos CEO Nicole Glaros, and former player and current analyst for the National Women's Soccer League Jordan Angeli.

What’s it Going to Be Like to Watch a Colorado-Based Women’s Soccer Team?

While it remains unclear when the franchise will make its debut or what name it will adopt, we do know that the team will begin its dynasty in a temporary facility in Denver with the prospect of building a brand-new stadium specifically for the team in the subsequent future.

The National Women's Soccer League has become extremely popular and lucrative in other parts of the country and backers of the new team are hoping for a similar scenario in Colorado.

[Sportico]