Houston Dash owner Ted Segal is in "advanced talks" with a group interested in buying the NWSL club for $120 million, Sportico reported Wednesday, but any transaction likely would require increased scrutiny.

The RHC Group was founded by Richard Hsiao, 24, who was born in the United States, the son of Chinese billionaire Jianhua Xiao. But per the report, the NWSL is looking into how RHC has made its money since Xiao reportedly made his billions by doing business with Communist Party leaders.

Xiao is in prison, serving a 13-year sentence for what the government said were financial crimes.

Sportico said RHC and another Hsiao business, venture fund J17Capital, reportedly were started using money from Hsiao's mother, Hongwen Zhou, who is wealthy on her own and apart from Xiao.

Hsiao reporte

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