Disney CEO Bob Iger, wife Willow Bay on verge of purchasing controlling stake in NWSL's Angel City FC: reports [FOX Business Network]
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Source: FOX Business Network
The longtime Walt Disney Co. CEO and his wife, Willow Bay, the dean of USC's journalism school, appear to be close to striking a deal that would see them make a significant investment in a professional women's sports franchise. The pending investment from Iger and Bay would allow the couple to succeed Reddit co-founder Alexis Ohanian as Angel City FC's largest shareholder. The deal would also see the sports franchise's value jump to a record-setting $300 million, as first reported by Semafor Angel City FC plays home games at BMO Stadium in Los Angeles and is a member of the 14-team National Women's Soccer League (NWSL). The investment from Iger and Bay would likely be around $50 million. According to the Los Angeles Times , Ohanian raised concerns about the team's finances last year. The franchise's board then hired New York investment bank Moelis & Co. The previous valuation for a NWSL franchise was set in March by the San Diego Wave when the team sold for $120 million. L
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