Disney CEO Bob Iger and his wife Willow Bay, Dean of the USC Annenberg School of Journalism, are nearing a deal to acquiring control of Angel City FC, the Los Angeles women’s soccer franchise, according to multiple media reports.
The investment has a pre-capital valuation of $250 million, nearly doubling the value of the franchise, according to Semafor. One of the outlet’s sources said that Angel City FC now values itself at more than $300 million, with the investment from the couple likely more than $50 million.
Puck News’ Dylan Byers first reported the potential deal on Tuesday. Iger and Bay will replace Reddit co-founder Alexis Ohanian as the team’s controlling shareholder.
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