First came Angel City FC. Now, meet Monarch Collective, a new way to invest in women’s sports
1 year, 8 months ago

First came Angel City FC. Now, meet Monarch Collective, a new way to invest in women’s sports

LA Times  

NJ/NY Gotham FC forward Ifeoma Onumonu, center left, and Angel City FC defender Vanessa Gilles battle for the ball during the second half of a 2022 NWSL soccer match in Los Angeles. Los Angeles venture capitalist Kara Nortman spent eight years researching what she saw as a massive missed opportunity — investing in women’s sports. The $100-million fund led by Nortman and Miami venture capitalist Jasmine Robinson is focused on investing in women’s sports teams, leagues and related revenue streams, such as media. Added Robinson, “Our investment can really prove out the quality and returns that you can drive in this category, and hopefully bring a lot more capital to start paying attention.” Already, professional women’s sports teams around the world are bringing in fans and big bucks. “Historically there has been chronic under-investment in and woeful distribution and coverage of women’s sports,” Holland said in an email.

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History of this topic

How Angel City became ‘the most valuable women’s sports team in the world’ with new owners
5 months, 1 week ago

How Angel City became ‘the most valuable women’s sports team in the world’ with new owners

New York Times  

On Wednesday, Angel City FC became “the most valuable women’s sports team in the world” after the club entered into a definitive agreement for Willow Bay and Bob Iger to become the new controlling owners. According to Angel City’s official press release, the $250million enterprise valuation makes it “the most valuable women’s sports team in the world”. “We’re committed to …

Why Angel City’s Alexis Ohanian, other investors bet on women’s soccer
2 years, 7 months ago

Why Angel City’s Alexis Ohanian, other investors bet on women’s soccer

LA Times  

Alexis Ohanian attends the semifinals of the U.S. Open tennis championships on Sept. 5, 2019, in New York. “Ten or 15 years from now, when people look at Angel City FC, I think they’ll actually see this one as being the most obvious,” he said. Fifteen years after he and his brother Zygi bought the NFL’s Minnesota Vikings, the Wilfs …

Angel City FC’s ownership wants to bring a new philosophy to sports
3 years, 11 months ago

Angel City FC’s ownership wants to bring a new philosophy to sports

LA Times  

Former U.S. Soccer women’s national team member Abby Wambach wants to use her position as a part owner in Angel City FC to level the playing field for women athletes by pushing for higher salaries, better working conditions. Mine were just beginning.” Part of that hustle landed Wambach among the ownership group of Angel City FC, Southern California’s newest professional …

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