Luke Batten
Willow Bay and her husband, Disney CEO Bob Iger, have entered into a definitive agreement to own Angel City Football Club, the soccer club announced Tuesday.
As had been previously reported, Bay and Iger will acquire the controlling stake in Angel City Football Club at a value of $250 million, which makes the L.A. based-team the most valuable women’s sports team in the world. The couple will invest an additional $50 million “to support the Club’s future growth.
Bay, who is the dean of the USC Annenberg School for Communication and Journalism, will serve on and have full control of the ACFC Board of Directors, will serve as the controlling owner for National Women’s Soccer League, LLC and will represent ACFC on the NWSL’s Board of Governors.
The transaction was unanimously approved by ACFC’s Board of Directors and is expected to close in the next 30 to 60 days, subject to the approval of the National Women’s Soccer League.
