Thursday, August 20, 2026

Billie Jean King, Candace Parker Join Angel City Investor Group

  • Team will formally be called Angel City FC when it debuts in 2022.
  • The initial group of investors, which included celebrities across media and sports, was announced in July.
Angel City Football Club

Angel City, the NWSL expansion team announced in July, has formally joined the league as its 11th team and will compete under the name “Angel City Football Club” when it debuts in the spring of 2022.

The club has also added a star-studded list of new founding investors. 

The initial group of founders included actress Natalie Portman, Reddit co-founder Alexis Ohanian, media entrepreneur Julie Uhrman and venture capitalist Kara Nortmann. Early investors also included Serena Williams — who is married to Ohanian — fourteen former US Women’s National Team players including Mia Hamm, and actresses Jessica Chastain and America Ferrera.

The latest additions include tennis legends Billie Jean King and partner Ilana Kloss, WNBA star Candace Parker and her 11-year-old daughter Lailaa — Ohanian and Williams’ young daughter, Olympia, is also part of the founding group — decorated alpine skier Lindsay Vonn and her NHL All-Star husband PK Subban, and late night host James Corden. 

King and Kloss became minority owners of the Los Angeles Dodgers in 2018.

“We need everyone to invest in women’s sports and Ilana and I are proud to stand with the Angel City FC ownership group and help make new history in Southern California sports,” King said in an announcement. “Angel City’s mission to make an impact on and off-the field, and to provide an opportunity to some of the best professional female athletes in the world to play on a stage as powerful as Los Angeles, sends a strong message to young girls in the community and beyond.”

Minnesota United FC co-owner Ben Grossman, model Jasmine Tookes, and a number of business and entertainment executives are also among the latest investors in the club. 

Angel City made an impact with its July 21 announcement, gaining 25,000 Twitter followers within a week. The NWSL is also reportedly close to adding a 12th team, this time in Sacramento, to debut in the next two years. 

This field is for validation purposes and should be left unchanged.

Sign up for
The Memo Newsletter

Get the biggest stories and best analysis on the business of sports delivered to your inbox twice every weekday and twice on weekends.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Dec 13, 2025; Las Vegas, Nevada, USA; NBA on Amazon announcers (from left) Taylor Rooks, Dirk Nowitzki, Steve Nash, Blake Griffin and Udonis Haslem during the Emirates NBA Cup semifinals at T-Mobile Arena.

Biggest Sports Media Talent Moves of 2025

Netflix jumped into the sports podcast business.
Candace Parker

Candace Parker Not a WNBA Owner Yet, but Her Business Is Booming

Her WNBA peers say she made the blueprint for earning off the court.
Exclusive

Wade, Parker Expected to Join Amazon NBA Coverage

Parker would be a studio analyst for both NBA and WNBA games.

Top 20 NBA Media Targets For Amazon, NBC, Others

As NBA rights shift, many media members could be on the move.
podcast thumbnail mobile
Front Office Sports Today

8/20/26 -McAfee Joins ESPN’s ‘MNC,’ Walter’s $17B Problem, Bueckers-Fudd Go Public

0:00

Featured Today

Trendy Golf Hat Divide Is More Than a Fashion Fight

As golf has gotten trendier, so has the sport’s style.
Joey Spallina of the Maryland Whipsnakes
August 6, 2026

How Eye Black Became ‘War Paint’ on the Field

“You’re going into battle, doing something you only do on game days.”
August 6, 2026

Tom Brady Explains His Aggressive Push Into Trading Cards

Brady talked to FOS about his eponymous card company.
FILE PHOTO: Cricket - Indian Premier League - IPL - Mumbai Indians v Chennai Super Kings - Wankhede Stadium, Mumbai, India - April 23, 2026 Mumbai Indians' Suryakumar Yadav in action
August 5, 2026

India Is Stealing Cricket’s Throne From England and Australia

India’s insatiable appetite for cricket has shifted the traditional locus of power.
WPBL
July 30, 2026

Who’s Playing Women’s Professional Baseball?

Sixty players from 11 countries are descending on Illinois for six weeks.
Varsity Brands

Varsity Brands CEO on PE Ownership and the Business of Cheer

Varsity includes a cheerleading business and an athletic apparel division.
Jan 8, 2024; Houston, TX, USA; Adam Schefter talks on a set before the 2024 College Football Playoff national championship game between the Michigan Wolverines and the Washington Huskies at NRG Stadium. Mandatory Credit: Kirby Lee-USA TODAY Sports
July 31, 2026

Schefter Among Early Investors to Cash In on Underdog Sale

Schefter first invested in Underdog in 2021.
Huddle in the Hamptons
August 4, 2026

Why Investors Want to Bring Athletes Into Ownership Groups

LeBron James and Tom Brady have ownership stakes in multiple sports teams.
Sponsored

Saints Great Turns to Ownership

Marques Colston discusses his Champions Fund launch and finding success after football.
At Five Points Sports Bar, in Levittown, Philadelphia Eagles fans watch first quarter action, in Super Bowl LVII, in Arizona, on Sunday, Feb. 12, 2023.
July 31, 2026

NFL Sunday Ticket Will Still Be Available by Satellite at Sports Bars

DirecTV’s previous deal expired after the 2025 NFL season.
Underdog Fantasy
July 30, 2026

Underdog Sold to U.K.’s IG Group in Potential $2.15B Deal

IG Group is making a big bet on Underdog’s prediction-market business.
Marques Colston
July 30, 2026

Marques Colston: Why Everyone Is Buying Into Soccer Clubs

Colston’s The Champion Fund invested in Ipswich Town.
Jul 19, 2026; West Sacramento, California, USA; Athletics shortstop Jacob Wilson (5) hits an RBI single during the ninth inning against the Washington Nationals at Sutter Health Park.
July 23, 2026

Mark Cuban, Rashaun Williams Firm Buys Stake in A’s

It’s the first investment by Harbinger Sports Partners, which formed last May.