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Bay-Iger group nearing deal to purchase controlling stake in ACFC

Dean of the USC Annenberg School Willow Bay and her husband Disney CEO Bob Iger are close to purchasing a controlling stake of Angel City FC, as first reported by Semafor. The investment from the Bay-Iger group has a pre-money valuation of $250 million. As controlling stakeholder, Bay-Iger will replace Reddit co-founder Alexis Ohanian. Other notable shareholders of ACFC include actors Natalie Portman and Eva Longoria as well as soccer stars Abby Wambach and Mia Hamm.

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