Disney CEO Bob Iger and Willow Bay, dean of the USC Annenberg school, have completed their purchase of a controlling interest in the Angel City Football Club, the team announced Thursday.
The team said the transaction lifts the club’s value to $250 million, making it the most valuable franchise in women’s professional sports history. The deal includes an additional $50 million capital injection to support the club’s operations and growth goals.
“We are incredibly excited to join ACFC as owners at this historic juncture for the team and for women’s sports locally and globally,” Bay said in a statement.