Since Serena Williams‘ husband, Alexis Ohanian, invested in the NWSL team Angel City FC, he has prioritized one clear objective. And that ambition is to silence the critics who questioned his investment in women’s sports. Consistently proving skeptics wrong over the years, Ohanian never misses an opportunity to underscore their misplaced doubts. This was vividly demonstrated when the NWSL side secured a record-breaking deal that elevated it to the status of the most valuable women’s professional sports team globally.

Recently, Willow Bay, and her husband Bob Iger, CEO of Walt Disney Company, acquired a stake in Angel City FC in a deal that has valued the club at $250 million. Consequently, this acquisition established the NWSL side as the highest-valued women’s sports team worldwide, a milestone that filled Alexis Ohanian with immense pride.

Alexis Ohanian expressed his satisfaction on X (formerly known as Twitter): “I have stories for another day of professional investors back in 2019 who told me investing in an NWSL team would be a total failure.”

Following this pointed rebuttal toward his naysayers, he shared his vision for ACFC’s future growth: “Needless to say, we’re just getting started and I couldn’t ask for better partners than Willow & Bob who will have the board control necessary to be true control owners.”

Following that, he made a surprise revelation of how, at the time of acquiring the club; he made a separate investment for Serena Williams and their children. The Reddit co-founder further revealed how the success of this investment has made his kids into multi-millionaires. “Fun-fact: when launching the team, I invested $250K separately in a trust for all of Serena and my children, which has now made our girls not just the youngest owners in pro sports — but also now multi-millionaires,” stated Alexis Ohanian.

Despite facing critics, Alexis Ohanian has no regrets after acquiring the ACFC. Now, let us delve into the intricacies of this groundbreaking deal involving Angel City FC.

The details of the contract that has left Alexis Ohanian celebrating

Firstly, Willow Bay and Bob Iger have invested an undisclosed amount to secure a controlling stake in the team. According to the National Women’s Soccer League (NWSL) bylaws, controlling owners must hold at least 35% ownership stakes. This implies that Bay and Iger have committed a minimum investment of $87.5 million in the club.

Additionally, it has been disclosed that they plan to invest an additional $50 million for further development.

Moreover, Bay will wield full control over the club’s board and represent ACFC on the NWSL Board. The notable increase in popularity of women’s soccer calls for close monitoring of these developments and Alexis Ohanian has scored another victory.

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