Angel City FC
Willow Bay and Bob Iger acquisition · 17 Jul 2024
- Seller
- Existing ACFC shareholders via secondary tender plus primary issuance
- Stake acquired
- —
- Control
- Yes
- Reported consideration
- Undisclosed
- Implied equity value
- —
- League
- NWSL
- Country
- United States
- Confidence
- MEDIUM
Buyer profile: Monarch Collective: clubs owned, where they buy next
Buyer profile: Alexis Ohanian / Seven Seven Six: clubs owned, where they buy next
Buyer profile: Willow Bay and Bob Iger: clubs owned, where they buy next
Willow Bay and Bob Iger acquired a stake in Angel City FC from Existing ACFC shareholders via secondary tender plus primary issuance and others, announced 17 Jul 2024, closing 5 Sept 2024.
The purchase consideration was not disclosed. Reporting placed the club's value at €231m. Announced enterprise value was €231m. €46.2m of new capital went into the club. A further ~€128m was announced as an investment commitment.
Nearest pre-acquisition revenue was ~€28.7m (FY 2023).
- Announced
- 17 Jul 2024
- Closed
- 5 Sept 2024
- Stake after transaction
- 40%
- Status
- completed
Reported consideration
What the buyer reportedly paid for the stake
Implied 100% equity value
Calculated: consideration ÷ stake acquired
Reported club valuation
Enterprise value
Only shown when debt/cash near the transaction date is established
Debt assumed / restructured
Primary capital injection
Total announced investment commitment
Commitments are not purchase price and not valuation
Nearest pre-acquisition financial year: 2023
Revenue
Wages
EBITDA
Net debt
Net income
Bay and Iger signed on 16/17 Jul 2024 and closed on 5 Sep 2024 after NWSL approval, taking a controlling ~35-40% stake in a club with 100+ investors, at a club-stated $250m pre-money 'enterprise value' plus a $50m primary injection (post-money ≥$300m). The exact stake and cash paid were never disclosed; SBJ infers ≥$88m secondary (NWSL requires ≥35% for a control owner) and likely >$100m in total.
- Angel City FC: Willow Bay and Bob Iger to Become Angel City's New Controlling Owners ↗Tier 1 · primary club
2024-07-17 — “Definitive agreement; Bay and Iger acquire controlling stake at an Enterprise Value of $250 million; will invest an additional $50 million; subject to NWSL approval.”
- PR Newswire / ACFC: Angel City Football Club Completes Historic Deal with Willow Bay and Bob Iger ↗Tier 1 · primary club
2024-09-05 — “Transaction completed; values ACFC at $250 million plus additional $50 million capital injection; unanimously approved by NWSL Board of Governors.”
2024-07-17 — “EV $250m; minimum $50m balance-sheet capital; investment worth at least $88m (35% minimum) and likely to exceed $100m; post-money at least $300m; club generated around $30m revenue last year.”
- Sportico NWSL Team Values 2023 ↗Tier 3 · media
2023-10-04 — “Angel City valued at $180 million; total revenue this season estimated at $31 million, roughly $11m from sponsors.”
2024-09-05 — “Closed after unanimous league approval; stake worth at least $88m, size not disclosed but in the 35-40% range; $50m additional capital.”