Angel City: Shattering Records with Disney Investment

Angel City is poised to become the most valuable professional women's sports team following a landmark ownership agreement with Disney CEO Bob Iger and his wife, Willow Bay. The $250 million deal, exceeding the previous record of $120 million, aims to accelerate the growth of the club and women's soccer.

Angel City is on the brink of becoming the world's most valuable professional women's sports team, thanks to a new ownership agreement with Walt Disney CEO Bob Iger and his wife, Willow Bay. The Los Angeles-based club announced the landmark deal on Wednesday.

The agreement, which will make Iger and Bay the controlling owners, values Angel City at $250 million, surpassing the previous record of $120 million for the San Diego Wave. Bay, the dean of the USC Annenberg School for Communication and Journalism, expressed their excitement, emphasizing their commitment to the club's growth.

The sale, pending league approval, includes a $50 million injection of capital aimed at boosting the club's future. Angel City's Board of Directors stated that Iger and Bay are the right partners to lead the team into a new era by championing equity in women's sports. Founding members Natalie Portman, Alexis Ohanian, and venture capitalist Kara Nortman will remain on the board.

(With inputs from agencies.)