NWSL's Angel City FC to be acquired by Willow Bay and Bob Iger for a $250 million valuation.

• An undisclosed investment of $250 million has been agreed upon by Willow Bay and Bob Iger for Angel City FC.
• In 2020, Angel City FC was the highest revenue-generating women's team globally, while also leading in NWSL attendance and sponsorship revenue.

The world's most valuable women's professional sports team, Angel City Football Club, will have Willow Bay and Bob Iger as controlling stakeholders.

On Wednesday, the National Women's Soccer League's Angel City announced that Bay and Iger had agreed to invest an undisclosed amount, valuing the team at $250 million. Additionally, the club stated that Bay and Iger would invest an additional $50 million in the team's future growth.

The minimum purchase agreement for the pair's controlling ownership in the NWSL is $87.5 million, as per the league's bylaws, which stipulate that controlling owners must own at least 35% of the team.

The Angel City FC team announced that Bay will be a member of the board and will have complete authority over it.

In 2020, Angel City FC was the highest revenue-generating women's team globally, while also leading in NWSL attendance and sponsorship revenue.

The ACFC Board of Directors stated that they are confident that the chosen partners are the best fit to guide the team into the future, as they are dedicated to enhancing ACFC's standing as a leading organization and brand in women's sports and promoting the team's broader objectives, including the empowerment of athletes and women-owned businesses.

In 2020, actress Natalie Portman, venture capitalist Kara Nortman, and entrepreneur Julie Urhman founded Angel City FC.

The ownership group comprises a multitude of sports icons, including Billie Jean King, Abby Wambach, and Lindsey Vonn.

Reddit cofounder Alexis Ohanian had been the club's controlling owner.

Bay, who is also the Dean of the USC Annenberg School for Communication and Journalism, stated her commitment to advancing the club's mission of promoting equity on and off the field.

We aim to speed up the growth of the Club and the NWSL through this investment of resources and capital, as stated.