SKC Majority Stake In Club Sold To Peter Mallouk For ~$700 Million

And the changes continue. While the article says the Illig family will continue to represent the club on the governors board, I'm betting that's just temporary.

Sporting KC Is Being Sold For Roughly $700 Million, An MLS Record - Featured Image

TLDR

The Illig family, owners of Sporting Kansas City since 2006, has agreed to sell a majority stake in the team for approximately $700 million, setting a new MLS record. The buyer, an existing limited partner, will own around 80% of the team, while the Illig family will retain a minority stake and continue to lead the club's shareholder group and management.