Bhathal siblings leverage family business background to build Portland Fire WNBA team
Alex Bhathal and Lisa Bhathal Merage, children of swimwear entrepreneur Raj Bhathal, own the Portland Fire WNBA expansion team through their firm RAJ Sports. They purchased the franchise for $125 million in 2024, and it is now valued at $380 million with strong attendance. The siblings also own the Portland Thorns and recently opened a $150 million joint training facility.
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Original headline: “Meet the Portland Fire owners, whose family’s swimwear company and short-lived NFL venture laid the groundwork for a $380 million WNBA franchise.” Browse more stories.