American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

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

by admin July 19, 2024
July 19, 2024
Willow Bay and Bob Iger to take controlling stake in NWSL’s Angel City FC at a $250M valuation

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

0
FacebookTwitterGoogle +Pinterest
previous post
How on-time rent payments can help ‘credit invisible’ consumers be seen
next post
Lobo Tiggre: Shopping for Silver Stocks, Watching “Powerful” Gold Mover

Related Posts

U.S. consumer sentiment falls slightly as outlook for...

April 17, 2024

BofA raises STOXX 600 target amid resilient global...

June 21, 2025

These Tesla models were the best selling cars...

January 7, 2025

S&P/TSX Composite forecast as US and Canada trade...

February 3, 2025

Boeing CEO, other executives stepping down amid safety...

March 27, 2024

Can Boeing’s enhanced safety measures stabilize its stock...

January 4, 2025

Is it safe to buy the Tempus AI...

April 9, 2025

Humacyte stock may fail to sustain today’s gains:...

December 21, 2024

Ubisoft could go under Chinese or Saudi ownership...

January 17, 2025

Why Nike shares are bucking the market trend...

April 5, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved