• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Stock

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

by July 17, 2024
written by 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
0 comment
0
FacebookTwitterPinterestEmail

previous post
Katie Britt takes swipe at Kamala Harris amid debate talk: Vance will ‘run circles’ around her
next post
Vance says his mission at GOP convention speech is ‘to fire up the crowd tonight’

related articles

Customers sue sneaker company On over shoes that...

October 20, 2025

Giorgio Armani group names longtime executive Giuseppe Marsocci...

October 17, 2025

LendingTree founder and CEO Doug Lebda dies in...

October 15, 2025

UPS is ‘disposing of’ U.S.-bound packages over customs...

October 13, 2025

China outlines more controls on exports of rare...

October 10, 2025

Paramount acquires Bari Weiss’ The Free Press, naming...

October 7, 2025

YouTube to pay $24 million to settle Trump...

October 1, 2025

Charlie Javice sentenced to 7 years in prison...

October 1, 2025

Video game maker Electronic Arts to be acquired...

October 1, 2025

Nearly 200,000 BMWs recalled over potential fire risk

September 30, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


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, we hate spam too!

Latest News

  • Greenpeace UK leader arrested for targeting American embassy with ‘ blood-red dye’: report

    April 10, 2025
  • 3 Americans in Congo sentenced to death after coup attempt

    September 14, 2024
  • Barrett eviscerates Jackson, Sotomayor takes on a ‘complicit’ court in contentious final opinions

    June 27, 2025
  • ‘Untold damage’: Global assisted suicide movement targets children

    October 19, 2025
  • Special Counsel Jack Smith plans to resign, file report before Trump can fire him: report

    November 13, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,513)
  • Investing (634)
  • Stock (941)

Latest Posts

  • FBI investigating claims of Comey-era ‘honeypot’ operation against Trump 2016 campaign: report

    February 26, 2025
  • Elon Musk endorses Rick Scott for Senate majority leader

    November 10, 2024
  • Hacker obtains House ethics testimony on Matt Gaetz as Trump makes calls for AG nominee

    November 20, 2024

Recent Posts

  • DANNY DANON: Trump-Netanyahu meeting has 3 things on the agenda that could change the Middle East

    February 4, 2025
  • Trump marks 100-days in office embroiled in trade battles, deadly wars and hard pressed deals

    April 29, 2025
  • Data center boom in world’s largest market isn’t slowing down, Dominion Energy says

    May 2, 2025

Editor’s Pick

  • Israel considers preemptive strike on Iran as tensions escalate: report

    August 5, 2024
  • Trump admin planning to consolidate HIV programs, slashing ‘overhead’ and DEI: official

    March 19, 2025
  • Trump extends US security guarantee to Qatar, elevating Gulf ally to near-NATO status

    October 3, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock