• Loading stock data...
Tuesday, March 31, 2026

Michele Kang Drops Whopping $30 Million on U.S. Soccer

The investment, which will target the youth pipeline, is the largest donation to U.S. Soccer focused on girls and women.

Michele Kang
Brad Mills-Imagn Images

Washington Spirit owner Michele Kang has made a $30 million donation to U.S. Soccer, the largest gift in federation history designated for girls and women’s soccer.

The gift is largely focused on youth development, where the U.S. women have fallen off from their historic dominance in recent years. In September, Team USA lost to North Korea in the semifinals of the Under-20 World Cup and eventually took home bronze on a game-winning goal. The team hasn’t won the tournament since 2012. At the Under-17 World Cup earlier this month, the Americans got bronze again, the team’s first top-four finish since finishing second in 2008. Kang’s investment, spread out over a five-year period, will double the number of camps from six to 12 for every age group and improve its digital talent identifying platform.

The donation also aims to “fuel professional development for female players, coaches, and referees,” according to a U.S. Soccer statement, which said it aims to double the amount of female refs and coaches.

In July, Kang announced a $50 million donation to support female health initiatives in women’s sports and started her own sports science nonprofit to see it through. Shortly after, she gave $4 million to the U.S. women’s rugby sevens team in October after it won bronze at the Paris Olympics. She’s also invested in the media company Just Women’s Sports and IDA Sports, a company that makes women’s soccer cleats.

Kang first joined the Spirit with a 35% stake in 2020 and bought majority ownership of the team, which will face the Orlando Pride in the NWSL Championship on Saturday, for $35 million in 2022. Under her tenure as owner, the Spirit have moved permanently into the same practice and game-day facilities as the MLS’s D.C. United, and placed a large emphasis on women’s health.

Kang, 65, built her fortune off her health-care technology company, Cognosante, and her venture capital firm, Cognosante Ventures. She purchased the European women’s teams Olympique Lyonnais and London City Lionesses shortly after buying the Spirit, and is part of the new Baltimore Orioles ownership group that bought the team in January.

Kang gives the U.S. women their own Ken Griffin. The hedge fund billionaire has given U.S. Soccer millions and most recently bankrolled a large part of the hire of Mauricio Pochettino to be the national squad’s next manager, and helped dramatically increase the position’s salary. ESPN reported he will make $6 million annually, which is far higher than the roughly $2.2 million yearly salary his predecessor Gregg Berhalter made in 2022. Griffin has also contributed $8 million in recent years to the U.S. Soccer Foundation.

Perhaps part of Kang’s contribution to coaching will start at the national level. While new head coach Emma Hayes earns more than three times what Vlatko Andonovski made before her, she still brings home just $1.6 million per season.

“I believe a gift like this will change the trajectory of the sport,” Hayes said Tuesday.

This is the most significant investment in women’s soccer at the national level since the team went to war against U.S. Soccer for equal pay. The entire team filed a gender discrimination lawsuit against the federation in March 2019 and reached an equal pay settlement in February 2022. The U.S. women’s national soccer team stumbled in the 2023 Women’s World Cup, making its earliest exit ever in the round of 16, but regrouped to win gold at the Paris Olympics.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

FIFA’s Infantino: Iran Will Play World Cup In US

Trump questioned the Iranian team’s “life and safety” at the tournament.
Canucks

Canucks Ban Reporter After Story on Ownership’s Other Business

Trevor Beggs says he was escorted from the arena mid-game.
Jan 14, 2025; Washington, DC, USA; Sen. Richard Blumenthal, D-Conn., delivers remarks during a Senate Armed Services committee hearing on the expected nomination of Pete Hegseth to be Secretary of Defense on Tuesday, Jan. 14, 2025 in Washington, DC.

‘Astonishing and Appalling’: Senator Blasts MLB-Polymarket Deal

A Connecticut senator says prediction markets are part of an “addiction conspiracy.”

Featured Today

Mar 27, 2026; Washington, DC, USA;UConn Huskies forward Tarris Reed Jr. (5) dunks the ball against the Michigan State Spartans in the second half during a Sweet Sixteen game of the East Regional of the men's 2026 NCAA Tournament at Capital One Arena

March Madness Coaches Debate ‘Blueblood’ in NIL Era

The term’s meaning was up for debate at men’s March Madness.
Maxime Vachier Lagrave
March 25, 2026

The Planet’s Best Chess Players Are Having Their LIV Golf Moment

Chess’s most prestigious tournament is battling a splashy Saudi event.
Beau Brune/LSU
March 22, 2026

College Athletic Departments Are Becoming Media Companies

“There’s only so many tickets you can sell, but content is infinite.”
March 18, 2026

AI College Recruiting Reels Aren’t Fooling Scouts

College coaches and recruiters are way ahead of cheating athletes.

Bulls Players, Coaches Say Jaden Ivey Needs Help

Chicago cut Ivey on Monday for “conduct detrimental to the team.”
March 31, 2026

Chiefs Owner: Opener ‘Not on Table’ With Mahomes Status Unclear

Team owner Clark Hunt discusses Patrick Mahomes, TV, and the new stadium.
March 31, 2026

Steelers Waiting on Aaron Rodgers (Again)—With Higher Stakes

The NFL team again waits on a decision from the mercurial veteran.
Sponsored

Cameron Boozer & Cayden Boozer Talk Pressure, Benefit of Playing Together

The Boozer twins have built their games, and their identities, side by side.
March 30, 2026

Bulls Waive Jaden Ivey After Anti-LGBTQ Rants

Ivey was acquired by the Bulls last month before the trade deadline.
Sep 1, 2025; Uncasville, Connecticut, USA; Connecticut Sun guard Marina Mabrey (3) warms up before the start of the game against the Atlanta Dream at Mohegan Sun Arena.
March 30, 2026

WNBA Faces Political Heat Over Sun Relocation

“They virtually blocked any deal” to keep the team in Connecticut.
March 30, 2026

Mark Cuban Says He Regrets Selling Mavs to Adelson Family

Cuban still owns 27.7% of the Mavericks. 
Jun 28, 2025; Philadelphia, Pennsylvania, USA; Botafogo midfielder Danilo (5) kicks the ball during the second half during a round of 16 match of the 2025 FIFA Club World Cup at Lincoln Financial Field.
March 30, 2026

John Textor’s Soccer Empire at Risk

Textor’s stakes in France’s Lyon and Brazil’s Botafogo are up for grabs.