
On Thursday, January 30th, the National Women’s Soccer League officially announced Denver as the city of its second expansion franchise for the 2026 season. As previously reported, the expansion fee for Denver is $110 million.
The NWSL’s newest franchise is led by Rob Cohen (corporate bio), the Chairman and CEO of IMA Financial Group (website), who is the club’s controlling owner and its representative on the NWSL Board of Governors. Mellody Hobson (corporate bio), Co-CEO & President of Ariel Investments (website), will serve as the club’s Alternate Governor. Ariel Investments is the parent company of a new investment firm, Project Level (website), which will have an ownership stake in the Denver club.
Additional investors include siblings Jon-Erik Borgen and Kaia Borgen Moritz, plus their spouses; Dhiren Jhaveri and his wife, Neelima Joshi; and Molly Coors.
Denver’s ownership has plans to build its own soccer stadium as well as a dedicated team training facility.
When Denver and its fellow 2026 expansion franchise, Boston, join the NWSL in 2026, the league will have sixteen clubs.
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