Separate from their day jobs, Iger and his wife Willow are closing in on an investment deal that would make women’s sports history.
What’s Happening:
- Deadline reports that Bob Iger and his wife, Willow Bay, are nearing closure on an investment in Angel City FC.
- The proposed transaction by the Bay Iger Co. would make the pro soccer team the most valuable franchise in women’s sports.
- Separate from Iger and Bay’s day jobs of Disney CEO and dean of the USC Annenberg School respectively, the couple are reported to be investing around $50 million on top of the team's current $250 million valuation.
- This investment would make the couple the team’s controlling shareholders.
- Iger and Bay would be taking control from Reddit co-founder and husband of Serena Williams Alexis Ohanian.
- Angel City is attached to several big name celebrities. Natalie Portman is one of the soccer team's three co-founders with smaller investors including Williams, Billie Jean King, Jennifer Garner, and Eva Longoria.
- The team plays their home games at BMO Stadium south of downtown Los Angeles.
- Since Angel City’s first season in 2022, the team has gained traction quickly as a part of a boom in women’s sports.
- Reps for Angel City, Iger and Bay have not responded to any requests for comments at this time.
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