CINCINNATI (FOX19) - FC Cincinnati will formally introduce the club’s newest managing owner Monday at the Great American Tower.
Meg Whitman 63, reportedly purchased a minority 20 percent stake in the soccer club for $100 million, according to FOX19 NOW’s media partners the Cincinnati Enquirer.
That puts the club’s current valuation at $500 million, a figure that includes its $250 million West End stadium, its $35 million Milford practice facility and a $150 million MLS expansion fee.
Carl Lindner III, controlling FCC owner and CEO, is expected to introduce her at an 11:30 a.m. news conference.
Whitman, the club says, is currently CEO of Quibi, a mobile media platform. Formerly she was the president and CEO of Hewlett-Packard and, before that, the president and CEO of eBay.
She reportedly began her career at Procter and Gamble and retains a seat on the Cincinnati company’s board of directors today.