Wilton Rancheria becomes Sacramento Republic FC’s majority owner; New stadium plans announced
Wilton Rancheria will become the majority owner of Sacramento Republic FC as part of a new push for a soccer stadium in downtown Sacramento.
It's the first time a tribal nation has ever held majority ownership of a men’s professional sports team.
Sacramento Mayor Darrell Steinberg also announced a new proposal aimed at speeding up the development of the stadium in the Railyards now that Wilton Rancheria is backing the Republic.
The plan envisions the city of Sacramento, Republic FC and Downtown Railyards Ventures as partners. A city council vote on a proposed term sheet is set for Nov. 12.
"Wilton Rancheria is proud to be the first Tribal Nation to hold majority ownership of a men's professional sports team, an industry where ownership has not traditionally reflected the diversity of its fans or surrounding communities," Wilton Rancheria Chairman Jesus Tarango Jr. said. "This milestone not only marks a significant step for Wilton Rancheria but also reinforces Sacramento’s dedication to inclusivity and opportunity. Wilton Rancheria has always been a part of Sacramento’s history, but this partnership marks a new chapter for us, with an opportunity to help write its future."
Steinberg said the new stadium would be the anchor of a 31-acre development featuring housing, a new music venue and retail.
Wilton Rancheria is the only federally recognized tribe in Sacramento County. It is the owner of Sky River Casino in Elk Grove. The casino was already a partner with the Republic.
"We finally found the right investor," Steinberg said of Wilton Rancheria.
He said the city would invest in infrastructure but "not write a check out of its general fund."
As for Republic FC, the club said Chairman and CEO Kevin Nagle will stay on as an owner and become a managing partner.
The club update comes after the end of the 2024 season. Sacramento Republic FC was knocked out of the USL Championship playoffs in the first round against the Las Vegas Lights on Friday.
The Republic said afterward it would part ways with its longest-tenured coach, Mark Briggs, who led the club for five seasons.
Previous Republic announcements with city officials have also concerned plans for a new stadium at the downtown railyards.
While those earlier plans fell through, Sacramento Mayor Darrell Steinberg alluded to possible progress during an interview with KCRA 3 in September.
"Our private investor backed out on this during COVID. That's what happened. It wasn't any mistake by [owner] Kevin Nagle or the Republic or the city; the investor backed out," Steinberg said. "In these next couple of months, it may be our time. I'm working on it. I have 82 days. You think I'd be riding off into the sunset? Nope. I'm actually working harder than I ever have because I want to deliver something special for the people in the Railyards. Not just sports, but also music and entertainment. More to come."
Steinberg said Thursday that Wilton Rancheria "came into the picture" less than a year ago. Negotiations with all parties were complicated, intense and difficult, he said.
He said the plan doesn't rely on Republic FC becoming a Major League Soccer team or preclude that from happening.
"We’re major league already," he said. "This project stands on its own."
Nagle thanked Republic fans for their patience and said he kept silent about progress on the stadium plans because he didn’t want to risk a deal not happening.
This story is developing. Stay with KCRA 3 for updates.
See more coverage of top California stories here | Download our app | Subscribe to our morning newsletter