, the former Hewlett Packard president and CEO and California gubernatorial candidate, has joined the FC Cincinnati ownership group.
Whitman and her husband, Griff
, are buying a minority stake in FC Cincinnati that puts the 2019 expansion team's valuation at around $500 million.
Whitman, the current CEO at Quibi, a short-form mobile video
platform, is on the board at Cincinnati-based Procter & Gamble, where she began her career.
“Cincinnati has a special place in my heart,” said Whitman. “FC
Cincinnati and soccer have both already proven to be cultural forces in the market. Between the crowds at Nippert Stadium and the corporate commitments it has drawn, it’s a team with an
exceptionally high ceiling.”
Whitman, who will serve as FC Cincinnati’s alternate governor on the MLS board of governors, joins an ownership group headed by Carl Lindner
, co-CEO Cincinnati-based American Financial Group.
FC Cincinnati has been looking to raise capital to invest in players and help fund its facilities that include a new stadium and
In 2017, Whitman and Harsh briefly joined the Sacramento Republic FC bid group. Almost two years later, Sacramento was awarded MLS's 29th franchise.