Merritt Paulson

Henry Merritt Paulson III (born 1972/1973 ) is an American businessman who is the minority owner of Peregrine Sports, LLC, which owns the operating rights to the Portland Timbers, a Major League Soccer (MLS) team. He and his company also founded and formerly owned Portland Thorns FC, a National Women's Soccer League (NWSL) team; both clubs are based in Portland, Oregon.

Early life and education Paulson's father is Henry Paulson, a banker who was United States Secretary of the Treasury, and chairman and CEO of Goldman Sachs. His mother is Wendy (née Judge) Paulson. In 1995, Paulson graduated from Hamilton College with a Bachelor of Arts degree in English. He later earned a Masters of Business Administration from Harvard Business School.

Career

Portland Beavers Paulson (left) with Timbers GM Gavin Wilkinson in 2016In anticipation of acquiring sports franchises, Paulson formed Shortstop, LLC, which was organized as a Delaware entity. Hank Paulson, Merritt Paulson's father, was a minority partner in the company. Naming rights were sold for the stadium. After cost overruns, the renovations totaling $40 million were complete. The former PGE Park became Jeld-Wen Field now known as Providence Park.thumb Paulson (right) with his daughter, and former Thorns FC player Allie Long in 2016A new women's national soccer league was created for the 2013 season. Paulson was the only MLS team owner to decide to also support a women's team in their new league. That team was named the Portland Thorns FC, and featured US Women's National Soccer team players Tobin Heath, Meghan Klingenberg, Lindsey Horan, Adrianna Franch, and Canadian Women's National Soccer team player Christine Sinclair on the roster.

Role in the Paul Riley Abuse Scandal

In September 2021, two former Portland Thorns players went public with their accusations of sexual coercion against former Thorns coach Paul Riley revealing that this abuse was the reason that the Thorns fired Riley in 2015. In October 2022, a report commissioned by the United States Soccer Federation detailed Paulson publicly thanking Riley and wishing him well at the time of his departure from the club. Paulson congratulated the Western New York Flash on hiring Riley in an email to club's President, stating "congrats on the Riley hire. I have a lot of affection for him.” When contacted by NC Courage leadership about hiring Riley, Paulson downplayed the abuse of Portland Thorns players saying it "basically was [a case of] ‘poor judgment'" and described difficulty managing the roster as the reason for Riley's departure from Portland. On October 5, Wilkinson and Golub were fired.

Paulson stepped down as CEO of the teams on October 11, 2022. Though he effectively still owns the club, his general counsel, Heather Davis, is CEO.

Paulson announced he was selling the Thorns on December 1, 2022.

Personal life Paulson is married to Heather Mahar, who was a contestant on CBS's television program The Amazing Race 3. The couple have two daughters.