Sacramento’s soccer team has a new majority owner, Kings minority owner Kevin Nagle. In an announcement from Republic FC, Nagle will lead its prospective Major League Soccer ownership group.
If the Republic FC is chosen for expansion by MLS, Nagle will be the team’s single largest owner.
Nagle is the former co-founder of national pharmaceutical benefits company Envision RX, but most Californians know him as the largest local shareholder and executive voting member of the Sacramento Kings ownership group. He, along with Vivek Ranadive and Mayor Kevin Johnson, fought in the 2013 to keep the Kings in Sacramento.
“I love Sacramento – its community, resilience and potential,” Nagle said in a written statement earlier. “Early on, I admired Republic FC’s success and efforts to galvanize this region; its bid for MLS is not only about sports, but also a shared vision for Sacramento.”
Nagle has already been a part of conversations with MLS representatives about expansion possibilities.
"I think we'll be able to demonstrate on the 18th & 19th that we can meet their requirements they have to earn that last, or second-to-last franchise," Nagel told FOX40 Thursday.
FOX40 announced earlier this week that MLS officials will visit the Sacramento area in mid-September to evaluate the region’s viability for expansion.
Republic FC has smashed attendance expectations, frequently selling out Bonney Field, located at Cal Expo.
According to Sac Republic FC, Nagle will work with the team on structuring the ownership group and building a privately-finances soccer stadium.
"I think there will be some Kings investors on board. I would love to see the Sacramento Basketball Holdings come on board," Nagel said. "We are going to continue to still work on that, as well as see what we can do with Elk Grove. I think we can have a united front that could be very powerful."
The other members of the Sac Republic FC ownership team are Executive Vice President Joe Wagoner and President and Founder Warren Smith.
Smith told FOX40 that the Republic FC organization has a strong relationship with the Kings.
"We continue to talk with Chris Granger(Kings Team President). I spoke with him two days ago, and we will continue the dialogue to see if we can develop a partnership that works for both parties," Smith said.