Disney CEO Bob Iger to Acquire Angel City FC
Disney CEO Bob Iger and his wife Willow Bay are nearing a purchase of Angel City FC. This acquisition would be worth over $50 million, taking control from Alexis Ohanian, Reddit co-founder and Serena Williams’ husband. Ohanian remains the largest shareholder but doesn’t control the board. The club’s current valuation stands at $250 million, demonstrating its rapid growth since its inception in 2020.
Founded by Kara Nortman, Natalie Portman, and Julie Uhrman, Angel City FC features an investment roster filled with high-profile celebrities like Serena Williams, Mia Hamm, Jennifer Garner, and Eva Longoria. President Julie Uhrman has ambitious plans, projecting the club to reach a billion-dollar value within a few years. The team has already shown impressive commercial success, attracting substantial sponsorships, a dedicated fanbase, and strong merchandise sales.
Angel City FC’s move follows notable NWSL transactions, including record-breaking sales of San Diego Wave and Seattle Reign FC, valued at $120 million and $58 million respectively. The club plays home matches at BMO Stadium, sharing the venue with MLS’s LAFC. The significant investments in the NWSL underscore the growing financial prospects and increasing interest in women’s soccer.
