LAFC sells majority stake in Swiss club Grasshopper to Bridge Football Group
Yahoo Sports • 1 min read • Latest: Jun 30, 2026, 1:19 PM
Last updated Jun 30, 2026
LAFC, owned by a group including Will Ferrell and Magic Johnson, sold its majority stake in Swiss club Grasshopper, which has struggled for three consecutive seasons and faces relegation. The sale was made to Bridge Football Group, which oversees other teams in Europe. LAFC, which acquired Grasshopper in January 2024, described the transaction as part of a “strategic realignment” to focus on its operations with Austrian team Wacker Innsbruck. Fans had previously protested against LAFC's ownership, expressing dissatisfaction with the club's performance.
- •LAFC sold Grasshopper to Bridge Football Group after three seasons fighting relegation.
- •Grasshopper has not won a title in 23 years and last claimed the Swiss Cup 13 years ago.
- •LAFC's ownership group includes Peter Guber, Mark Shapiro, Will Ferrell, and Magic Johnson.
- •Grasshopper shared its Letzigrund stadium with FC Zurich, highlighting its financial struggles.
- •The sale was described as a strategic move to concentrate on Wacker Innsbruck.
- 1:19 PMYahoo Sports — Celebrity-backed LAFC sells majority stake in struggling Swiss soccer club Grasshopper
"The stellar ownership group of Major League Soccer team LAFC sold its majority stake in struggling Swiss club Grasshopper after three straight seasons fighting relegation. The record 27-time Swiss champion from Zurich was sold to multi-club ownership operation Bridge Football Group, which also has teams in lower-tier divisions in Italy and the Netherlands. The sale was described by LAFC as a “strategic realignment of its international development network” which will now focus on Austrian team Wacker Innsbruck, the club said in a statement late Monday.
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