Bob Iger and Willow Bay Eye Major Investment in Angel City FC

Bob Iger, the influential former CEO of Walt Disney Co., and his wife, Willow Bay, dean of USC's journalism school, are reportedly close to finalizing a significant investment in Angel City FC, a professional women's soccer franchise. This move would position them to become the largest shareholders of the team, succeeding Reddit co-founder Alexis Ohanian. The anticipated investment, estimated at around $50 million, would elevate the franchise's valuation to a record $300 million, as reported by Semafor. Angel City FC, which plays its home games at BMO Stadium in Los Angeles, is a member of the National Women's Soccer League (NWSL). The franchise was established in 2020 and began its inaugural season in 2022, boasting a majority female ownership group that includes notable figures such as actress Natalie Portman and venture capitalist Kara Nortman. Ohanian, who has been involved with the team since its inception, raised concerns about the franchise's financial health last year, prompting the board to engage New York investment bank Moelis & Co. for assistance. The current valuation of Angel City FC marks a significant increase from the previous NWSL franchise record, set in March when the San Diego Wave sold for $120 million. The potential investment from Iger and Bay reflects a growing interest in women's sports and the financial viability of such franchises. In a notable development, Angel City FC recently declined an offer from Avram Glazer, co-owner of Manchester United and the Tampa Bay Buccaneers, to acquire a controlling stake in the team, signaling the franchise's commitment to its current ownership structure.