Angel City FC has turn into essentially the most beneficial ladies’s sports activities workforce on the planet after an settlement by Willow Bay and Bob Iger to buy a controlling curiosity within the National Women’s Soccer League membership at a $250 million valuation. Bay, the dean of the University of Southern California Annenberg School for Communication and Journalism, will function controlling proprietor for the Los Angeles-based franchise and its consultant on the NWSL board of governors, the membership stated in a press release.
She and her husband Iger, the Walt Disney Company chief govt, will even make investments a further $50 million to assist the franchise’s future progress, the assertion stated.
The Los Angeles Times, citing two unnamed sources acquainted with the deal, stated the couple’s contribution tops $100 million.
The transaction should nonetheless be permitted by the board of governors.
The funding provides the membership the best valuation ever for a ladies’s skilled sports activities workforce.
The earlier highest valued workforce, San Diego Wave, was bought in March for $120 million.
“Women’s sports activities is having a culture-defining second,” Bay advised the Los Angeles Times. “Participation is on the rise, viewership is on the rise, and appreciation for the extent of the talent that these athletes reveal is also on the rise.
“All of these issues, we actually imagine, add as much as the momentum that we all know exists for this workforce.”
Previous Angel City proprietor Alexis Ohanian, the founding father of Reddit and husband of US tennis nice Serena Williams, will stay on the board.
The membership was based in 2020 and in 2023 ACFC generated the best income of any ladies’s workforce on the planet. The membership was primary in NWSL attendance, sponsorship income and whole income and had the most important season ticket membership.
Angel City are presently eleventh within the 14-team league with 4 wins from 16 matches, 23 factors behind league leaders Orlando Pride.
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