Walt Disney Co. CEO Bob Iger and his spouse Willow Bay are near closing a deal to purchase a majority stake in Angel Metropolis FC, a number of media shops reported Wednesday.
Iger and Bay, dean of the Annenberg College of Journalism on the College of Southern California, would substitute Reddit founder Alexis Ohanian because the NWSL membership’s largest shareholders.
Based on a number of sources, the franchise is valued at between $250 million and $300 million, with Iger and Bay anticipated to take a position at the very least $50 million.
Ohanian was Angel Metropolis’s consultant on the NWSL board of administrators. The staff’s board of administrators agreed to rent New York funding financial institution Moelis & Co. final fall after Ohanian raised considerations concerning the franchise’s spending, the Los Angeles Occasions reported Wednesday.
The San Diego Wave bought for $120 million in March, setting an NWSL file.
Angel Metropolis FC was launched in July 2020 by actress Natalie Portman, entrepreneur Julie Uhrman and enterprise capitalist Kara Nortman, who introduced in additional than 100 traders, the vast majority of whom had been girls. Early traders included Jennifer Garner, Serena Williams, Billie Jean King and former U.S. girls’s soccer gamers Mia Hamm and Abby Wambach.
The addition of Bay as a co-owner was possible key for the remainder of the shareholders. A number of media shops reported Wednesday that Angel Metropolis had rejected a suggestion to take a controlling curiosity from Avram Glazer, a Manchester United co-owner whose household additionally owns the NFL’s Tampa Bay Buccaneers.
–Discipline Stage Media