Angel City FC reaches new ownership deal, makes history in women’s sports

“We know (Iger and Bay) are the right partners to lead us into this new era,” read a joint statement from Angel City’s board of directors. “They are committed to further strengthening ACFC’s position as a premier organization and brand in women’s sports and championing the team’s broader mission, including advancing equality for athletes and women-founded businesses.”

Angel City’s self-described mission is to be “the fiercest, most inclusive community in world soccer.” Since its founding in 2020 by actress Natalie Portman, venture capitalist Kara Nortman and video game entrepreneur Julie Uhrman, the club has been led by a majority-female ownership group, including minority owners who are pioneers in women’s sports, such as Billie Jean King, Candace Parker and 13 former U.S. women’s national soccer players, including Julie Foudy and Mia Hamm.

“The female founders, along with investor Alexis Ohanian, built Angel City Football Club into a record-breaking franchise, and they did it through the talent and competitive spirit of the athletes on the field,” Bay said. “They did it through operational excellence. They built a purpose-driven brand with a mission, vision and values ​​that align with their business model.”