NWSL to the Bay is a go for 2024.
On Tuesday, the NWSL announced that it has officially awarded expansion rights to an investment group located in the Bay Area, led by investment firm Sixth Street as the club’s majority investor. Former players Brandi Chastain, Leslie Osborne, Danielle Slaton and Aly Wagner, who have been working on the expansion efforts in Northern California for the last three years or so, are partnered with Sixth Street, and will serve on the club’s board. That board will also include Sheryl Sandberg, the former chief operating officer of Meta (who has also joined as a “strategic investor”), former NBA and WNBA executive Rick Welts and former San Francisco Giants executive vice president Staci Slaughter. Alan Waxman, CEO of Sixth Street, and Wagner will co-chair the club’s board; Waxman will also serve as the team’s representative on the NWSL board of governors, with Wagner serving as alternate.
“This is important, the reason why we’re making the single largest investment ever in global women’s sports and definitely global women’s soccer — we’re investing $125 million of new money into the team — is because we think this is massively, structurally undervalued,” Waxman told The Athletic ahead of the club’s expansion…
