San Diego Wave FC’s owners are suing the team’s former president, Jill Ellis, alleging that she lied about her intentions of staying with the Wave throughout purchase negotiations last year and then announced her resignation two days after the sale was complete, according to a lawsuit filed Monday in San Diego Superior Court.

Lauren Leichtman and Arthur Levine, the billionaire couple that owns Beverly Hills-based private equity firm Levine Leichtman Capital Partners, are suing Ellis through a related entity that purchased the Wave last October . The suit accused Ellis and other unnamed defendants of intentional and negligent misrepresentation, concealment, and false promise — all of which the lawsuit alleged led to lost revenue equating to $40 million in the Wave’s total value.

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