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.
Angel City FC announced Willow Bay and Bob Iger had agreed to an investment of an undisclosed amount that values the team at $250 million.
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.
The sale comes as women's sports and the NWSL have seen explosive growth in viewership and attendance and draw 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.
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 also equal pay for women.All of the existing owners will stay on with this new team structure, the club said Wednesday.
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