Angel City FC announced that it reached an agreement with Willow Bay and Bob Iger which makes them the new controlling owners of the club. Bay is Dean of the USC Annenberg School for Communication and Journalism. Iger is CEO of the Walt Disney Company.
According to the team’s release, Bay and Iger acquired a controlling stake at an Enterprise Value of $250 million, making ACFC the most valuable women’s sports team in the world. With a controlling stake, Bay will have full control of the Board of Directors and will serve as Controlling Owner for league purposes. Bay and Iger have also committed an additional $40 million of investments into the club’s future growth.
The ACFC Board of Directors unanimously approved the transaction which is expected to close within 60 days.
In a statement, Bay said, “As fans and friends of ACFC, we are thrilled to join this team as owners at this historic moment in sports. ACFC and these incredible athletes have already had a tremendous impact on the NWSL, women’s soccer, and the Los Angeles community. With this investment of resources and capital, we hope to accelerate the growth of the Club and the NWSL. Working with the team and Board, and the incredible community of ACFC fans, we are committed to advancing the Club’s mission of driving equity on and off the field.”
In 2023, Angel City led the National Women’s Soccer League in attendance, sponsorship revenue, total revenue and the number of season ticket holders.
