Portland Thorns FC

Value$186M

Portland · United States

NWSL

Title chances

This side's chance in each title race we forecast, frozen and scored like every forecast here.

Season titles · resolves 21 Nov 2026

Who will win the 2026 NWSL Championship?

5%Portland Thorns FC's chance

Gotham FC22%
San Diego Wave FC19%
Portland Thorns FC5%
Everyone else53%

How the model works Season titles record: 100% of 3 calls right

Full odds: NWSL · every title race

RivalriesPortland Thorns FC–North Carolina Courage rivalryvs North Carolina Couragetwo-way

Who controls the club

The entity that holds control today, one per franchise; co-controllers and minority holders are listed, never summed.

How this is measured

Exactly one control entity is recorded per franchise, so a portfolio can never count a club twice. Co-controllers and minority holders are shown as published and carry no weight in any total.

The chip names the evidence. Sourced: a primary source is linked (league, club, filing or tier-one outlet). Cross-checked: matched against the ownership-change sweep. Contested: disputed or mid-sale. Rows are reviewed weekly.

Stakes are as published, often only “majority”, and are not pro-rated. A record of control is not a claim about anyone’s intent or conduct.

Who controls the clubRAJ Sports

RAJ Sportsfamily· Owner

Sourcedas of 24 Sep 2026

Merritt Paulson sold the Thorns while keeping the Timbers; sale of the Thorns to RAJ Sports (Lisa Bhathal Merage and Alex Bhathal) completed 3 January 2024.

Also controls