Bob Iger Amplifies Women's Sports with Angel City FC Investment
Bob Iger's Bold Move into Women's Sports
Disney CEO Bob Iger and Willow Bay, dean of the USC Annenberg School, have completed a significant purchase of controlling interest in Angel City Football Club, announced on Thursday.
This transaction raises the club's valuation to a stunning $250 million, setting a historic precedent as the most valuable franchise in women’s professional sports history. Included in this deal is an additional $50 million capital injection aimed at supporting the club's operational and growth objectives.
Excitement for the Future
“We are incredibly excited to join ACFC as owners at this historic juncture,” Bay stated. “As fans since the club’s founding season, we admire ACFC's impact as a sports franchise and a force for social good, particularly in our Los Angeles community.”
- The deal was unanimously approved by NWSL’s Board of Governors.
- Iger and Bay join the largest majority-female ownership group in professional sports.
- The ownership group features notable figures like Natalie Portman and Eva Longoria.
In its third NWSL season, Angel City FC has made significant progress, having achieved a playoff appearance last year and currently holding a 6-9-3 record this season.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.