Blumer Tech
  • Tech News
  • Business
  • Stock
  • Politics
Business

Willow Bay, Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250 million valuation

by July 17, 2024
July 17, 2024

Willow Bay and Bob Iger will take a controlling stake in Angel City Football Club, the world’s most valuable women’s professional sports team.

On Wednesday, Angel City of the National Women’s Soccer League announced the couple had agreed to an investment of an undisclosed amount that values the team at $250 million. The club said Bay and Iger will invest an additional $50 million in the club’s future growth.

According to NWSL bylaws, controlling owners must own at least 35% of the team, which puts the pair’s purchase agreement at a minimum of $87.5 million. Bay will serve on and have full control of the Angel City FC board, the team said.

The sale comes as women’s sports and the NWSL have seen explosive growth in viewership and attendance and drawn growing investment.

Last year, Angel City FC generated the highest revenue of any women’s team in the world. It was also No. 1 in NWSL attendance and sponsorship revenue.

“We know they are the right partners to lead us into this new era — they are committed to further strengthening ACFC’s position as a preeminent organization and brand in women’s sports and to championing the team’s broader mission, including the advancement of equity for athletes and women-founded businesses,” the ACFC Board of Directors said in a statement.

Angel City FC was founded in 2020 by actress Natalie Portman, venture capitalist Kara Nortman and entrepreneur Julie Uhrman.

The ownership group also includes a long list of sports icons including Billie Jean King, Abby Wambach, Lindsey Vonn and 13 former players from the U.S. Women’s National Team. The team has prioritized female ownership and equal pay for women.

Reddit cofounder Alexis Ohanian had been the club’s controlling owner.

The unique ownership structure had brought tensions over finances and operations, reportedly one of the motivations for a sale.

All of the existing owners will stay on with this new team structure, the club said Wednesday.

Bay, a lifelong sports fan, who also serves as dean of the USC Annenberg School for Communication and Journalism, said she’s committed to advancing the club’s mission of driving equity on and off the field.

“With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL,” she said in a statement.

This post appeared first on NBC NEWS
previous post
John Deere to abandon pride festival sponsorships following online right-wing pressure campaign
next post
Biden’s political crisis deepens as Schiff calls for him to drop out

You may also like

Italian chocolate giant Ferrero to buy Kellogg’s Froot...

July 10, 2025

White House accuses Powell of mismanaging Federal Reserve,...

July 10, 2025

Sports executive charged with bid-rigging in Texas arena...

July 10, 2025

OpenAI to release web browser in challenge to...

July 10, 2025

Amazon extends Prime Day discounts to 4 days...

July 9, 2025

Boeing delivers most airplanes since late 2023 after...

July 9, 2025

Waymo offers teen accounts for driverless rides

July 8, 2025

Is a Chinese chain’s blood orange cold brew...

July 7, 2025

Essence Fest leads a summer of events for...

July 4, 2025

Tariffs and weaker beer demand are weighing on...

July 3, 2025

    Join The Exclusive Subscription Today And Get Premium Articles For Free.


    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time.

    Tech News

    • How to Find Compelling Charts in Every Sector

      July 11, 2025
    • How I Triple My Returns With 3x Leveraged ETFs!

      July 11, 2025
    • Italian chocolate giant Ferrero to buy Kellogg’s Froot Loops maker

      July 10, 2025
    • White House accuses Powell of mismanaging Federal Reserve, citing headquarters renovation

      July 10, 2025
    • Sports executive charged with bid-rigging in Texas arena project

      July 10, 2025
    • About Us
    • Contact Us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 blumertech.com | All Rights Reserved

    Blumer Tech
    • Tech News
    • Business
    • Stock
    • Politics