Monday, July 20, 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.

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 29, 2025; Atlanta, Georgia, USA; ESPN MNF broadcaster Ryan Clark shown on set prior to the game between the Los Angeles Rams against the Atlanta Falcons at Mercedes-Benz Stadium. Mandatory Credit: Dale Zanine-Imagn Images

ESPN Layoffs Begin With Ryan Clark

More ESPN layoffs are expected this week.

Why WNBA Union Won’t Monetize Viral Sophie Cunningham Incident  

Cunningham can still use her own NIL to license the image.
Soccer - Copa Libertadores - Final - Atletico Mineiro v Botafogo - Estadio Mas Monumental, Buenos Aires, Argentina - November 30, 2024 Botafogo owner John Textor celebrates with the trophy after winning the Copa Libertadores

John Textor Seeks $400M From Michele Kang in Lyon Takeover Suit

Textor claims Kang convinced him to give up control of Lyon while plotting to oust him.

Judge Hits Brakes on CBS Sports, TNT Sports Parent Merger

A judge approves a request for a temporary restraining order.
podcast thumbnail mobile
Front Office Sports Today

CFB Analyst ⁨Josh Pate⁩ on Michigan Chaos, ESPN, McAfee, the Trump Interview, & More

0:00

Featured Today

Tom's Watch Bar

Sports Bars Are Cashing In From Summer of Soccer

The World Cup has brought a windfall to America’s biggest sports bars.
Jun 16, 2026; East Rutherford, New Jersey, USA; France forward Michael Olise (11) controls the ball against Senegal during a Group I match of the 2026 FIFA World Cup at New York New Jersey Stadium
July 16, 2026

Where World Cup Stars Go to Customize Their Cleats

The world’s best players turn to a Scottish craftsman for perfect cleats.
July 10, 2026

What the World Cup Means to Erling Haaland’s Tiny Hometown

The tournament’s breakout star is from a rural Norwegian town.
July 10, 2026

Why So Many Media Outlets Are Rushing Into Sports

Sports coverage has ballooned in every corner of media.
Pillow Fight Championship
July 8, 2026

How Obscure Sports Get Mainstream TV Deals

For niche sports, getting on TV often matters more than getting paid.

WNBA Union Blasts Chicago Sky For Yet Another Facility Delay

The facility has been delayed multiple times since being announced in 2024.
July 16, 2026

Mark Cuban Gearing Up for Lawsuit Over New Mavs Arena

Cuban seeks to prove Patrick Dumont unlawfully cut him out of opportunities.
Mar 8, 2026; Milwaukee, Wisconsin, USA; Milwaukee Bucks forward Gary Trent Jr. (5) drives for the basket against Orlando Magic guard Jevon Carter (2) in the first quarter at Fiserv Forum.
July 16, 2026

NBA Investigating Gary Trent Jr.’s New Bucks Contract

Trent agreed to a four-year, $64 million deal on July 11.
Sponsored

Inside the EY 2026 Sports Engagement Index: The Real Map of American Sports Participation

EY’s latest index explores how shifting U.S. fan behaviors are expanding the definition of sports engagement.
Jerry Colangelo sits courtside as the GCU Lopes play the Oklahoma State Cowboys at Mortgage Matchup Center on Dec. 6, 2025, in Phoenix, Arizona.
First at FOS
July 15, 2026

Las Vegas Jacks Have Been in the Works for Over a Year

The group paid $2,200 in fees to apply for the two trademarks.
July 12, 2026

Seahawks Set NFL Record With $9.612B Sale to Khosla

Vinod Khosla’s wife will “serve as the controlling owner.”
Jun 20, 2026; Raleigh, North Carolina, USA; Carolina Hurricanes left wing William Carrier (28) and defenseman K'andre Miller (19) walk out with the Stanley Cup trophy during the Stanley Cup championship parade and rally at Raleigh.
July 10, 2026

Dundon Faces Backlash for Engraving Kids’ Names on Stanley Cup

All five names of the owner’s children are on the Stanley Cup.
Feb 8, 2026; Santa Clara, CA, USA; Seattle Seahawks wide receiver Cooper Kupp (10) catches a pass against New England Patriots cornerback Marcus Jones (25) in the first half in Super Bowl LX at Levi's Stadium.
July 9, 2026

Two Bidders Pull Ahead in Seahawks Sale Process

One of the two groups includes at least one former Seahawks player.