Walt Disney Co. chief executive Bob Iger and his wife Willow Bay, dean of the USC Annenberg School of Journalism, are close to completing a deal that would see them invest $250 million in Angel City FC, nearly doubling the value of the most valuable women’s sports franchise in the world.
Dylan Byers of the news website Puck was first to report on the negotiations, which were confirmed to The Times by two people with knowledge of the investment, but who are not authorized to speak about it on the record. The transaction could be completed quickly, with Bay and Iger replacing Reddit co-founder Alexis Ohanian as the team’s controlling shareholder.
Ohanian was also the team’s representative on the NWSL Board of Governors. It was not immediately clear Tuesday who would assume that role.
Angel City officials…
