Willow Bay and Bob Iger Shatter Records with $250M Acquisition of Angel City FC
July 18, 2024
Willow Bay and Bob Iger have acquired a controlling stake in Angel City Football Club for a record-breaking $250 million, the highest ever for a women's sports team.
The deal is subject to approval and includes an additional $50 million investment to propel the club's growth.
Bay will assume the role of Controlling Owner, leading a board with prominent figures such as Alexis Ohanian, Natalie Portman, and Julie Uhrman.
The ownership group also includes sports legends Billie Jean King and Abby Wambach, who are committed to advancing equity in women's sports and supporting the local community.
The partnership between Bay, a media pioneer, and Iger, CEO of The Walt Disney Company, aims to accelerate ACFC's impact in women's sports and the Los Angeles community.
Summary based on 9 sources
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Sources
The Guardian • Jul 17, 2024
Angel City to become world’s most valuable women’s team with $250m sale
Insider • Jul 17, 2024
Bob Iger, Willow Bay to become majority owners of Angel City FC
Los Angeles Times • Jul 17, 2024
Willow Bay and Bob Iger to buy controlling stake in women's Angel City Football Club - Los Angeles Times
AP News • Jul 17, 2024
Walt Disney CEO Bob Iger and journalist Willow Bay to become Angel City FC's new owners