Angel City For Sale: NWSL’S Most Valuable Team Seeks New Owner

March 15, 2024

The NWSL’s most valuable franchise may soon have a new owner.

The board of Angel City FC has hired Moelis & Company to explore a control sale of the franchise, according to multiple people familiar with the plan. The process follows tension between some board members over team governance, said the people, who were granted anonymity because the details are private.

The team’s largest shareholder, Alexis Ohanian, does not control the board. It’s unclear how much of the team’s equity is available, and from where it would come. To further complicate matters, the team has three co-founding partners—Kara Nortman, Natalie Portman and Julie Uhrman—plus dozens of smaller investors, many of them celebrities. Sportico