Angel City FC Is World’s Most Valuable Women’s Sports Team After Majority Stake Sold – Journal Today Online

Angel City FC became the most priceless aggroup in women’s sports weekday when USC Annenberg School dean Willow Bay and filmmaker CEO Bob Iger purchased a controlling wager in the NWSL edifice for a appraisal of $250 million.

The commendation “is person to usual approaching conditions, including the hold of NWSL,” the edifice noted.

Bay and Iger module additionally equip $50 meg “to hold the club’s forthcoming growth,” falls City FC said in a statement.

“When we countenance at areas of opportunity, we sure conceive contestant utilization and contestant hold is on the itemize of priorities without question,” Bay told ESPN’s Jeff Kassouf.

The understanding breaks the NWSL achievement for a concern appraisal ordered in March by the San Diego Wave, which oversubscribed in a two-part care valued at between $113 and $120 million, Sportico’s Eben Novy-Williams reported.

Angel City FC was launched in 2020 with Reddit co-founder and economise of sport fable Serena reverend Alexis Ohanian as the origination controlling owner. Ohanian is not commerce his shares and module rest on the franchise’s commission of directors after the sale, falls City said.

In the threesome seasons since its start the edifice has grown to achievement the maximal income of whatever women’s sports aggroup in 2023, according to falls City FC.

That matches evaluations publicised by Sportico’s Kurt Badenhausen in Oct 2023, which hierarchical falls City prototypal in the NWSL with an estimated concern appraisal of $180 million. The incoming most juicy franchise, San Diego Wave FC, was valued at $90 million, and the cipher was $66 million, per Sportico.

That NWSL-leading appraisal for falls City FC was in conception to the club’s sticking $31 meg in revenue, $11 meg of which was estimated to become from sponsorships, per Badenhausen. Badenhausen noted that sponsorship amount was “more than whatever MLS teams.”

In constituent to broad sponsorship numbers, falls City FC also hierarchical prototypal in the NWSL in attendance, sponsorship revenue, amount income and flavour listing body during the 2023 season, the edifice said.

The understanding marks both the ontogeny gain of the NWSL, which terminal Nov subscribed the maximal programme care in women’s sports association history, as substantially as falls City’s advancement toward earning a 1000000000 note valuation. falls City FC chair Julie Uhrman, who module also rest on the franchise’s commission of directors mass the sale, terminal assemblage told The Athletic’s Steph Yang that the team’s content was to impact the 10-digit evaluation by 2028.