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The NWSL is adding a 16th team that will be located in Denver.
Per Eben Novy-Williams of Sportico, IMA Financial Group CEO Robert Cohen is among the principal backers of the new franchise paying a $110 million expansion fee.
Novy-Williams noted the expansion fee is the richest ever for a U.S. women’s sports team and more than double the previous record for an NWSL club.
This article will be updated soon to provide more information and analysis.