On Wednesday, Angel City FC became “the most valuable women’s sports team in the world” after the club entered into a definitive agreement for Willow Bay and Bob Iger to become the new controlling owners.
The team’s board of directors unanimously approved the sale via a vote, but it still must be approved by the NWSL, the sport’s top women’s league in the United States. The sale is expected to close in the next 30 to 60 days.
Bay, dean of the Los Angeles-based USC Annenberg School for Communication and Journalism, and Iger, CEO of The Walt Disney Company, have acquired the controlling stake of the club at a total valuation of $250million (£192m), and have committed to an additional $50m in investment. Bay will serve as the club’s primary representative on the NWSL board of governors and also serve on and control Angel City’s board.
“We are so excited to be here,” Bay told The Athletic before the announcement. “I keep thinking how historic this moment is — historic in sports and in women’s sports. What we’re seeing now is breathtaking, and it’s only the beginning of the ascent, and that’s for women’s sports but particularly for this team.”
The dollar figures attached to the sale will make history.
According to Angel City’s official press…
