• Loading stock data...
Monday, October 6, 2025

Sixth Street CEO Promises Historic Investment in NWSL’s Bay FC

  • Alan Waxman says Sixth Street will provide Bay FC with more capital “than probably any women’s professional sports team in the world.”
  • The investment firm committed $125 million to buy the NWSL expansion club in April.
Sixth Street committed $125 million to buy the NWSL expansion club in April.
Darren Yamashita-USA TODAY Sports

Sixth Street, a global investment firm with about $65 billion in assets, will commit more capital to NWSL expansion club Bay FC “than probably any women’s professional sports team in the world,” said the firm’s CEO Alan Waxman. 

“We’re building this team to set the standard of what a women’s sports franchise should be,” Waxman told Meg Linehan of The Athletic. “We will commit more resources and capital to the sporting side of things and the business side of things than probably any women’s professional sports team in the world. That’s how we’re looking at it.”

Waxman’s Sixth Street Partners committed $125 million to buy Bay FC earlier this year, including $53 million spent on an expansion fee. The club will begin play in 2024, growing the NWSL to 14 teams alongside fellow new expansion club Utah Royals.

Sixth Street’s deal in April to buy Bay FC made it the first institutional investor to become the majority owner of a professional U.S. sports franchise. Four former USWNT players—Brandi Chastain, Leslie Osborne, Danielle Slaton, and Aly Wagner—partnered with Sixth Street to become founding board members of Bay FC.

Sixth Street has also made investments worth hundreds of millions in the NBA’s San Antonio Spurs as well as Spanish soccer giants FC Barcelona and Real Madrid.

Other NWSL club owners have recently emphasized their commitment to growing the league, including Washington Spirit owner Michele Kang, who envisions a global network of women’s soccer following her May acquisition of French club Olympique Lyonnais Féminin.

“The legacy of the underinvestment in women’s sports is not just the sexism—which is there—it is gross business incompetence. And that is the part this new generation of owners has exposed,” said Alexis Ohanian, the venture capitalist, and owner of NWSL club Angel City FC.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Napheesa Collier

WNBA Tensions Heat Up With Canceled Collier–Engelbert Meeting

The commissioner denied Collier’s version of events at a press conference Friday.
Caitlin Clark
exclusive

Caitlin Clark Will Not Join Second Season of Unrivaled

The Fever star struggled with several injuries in her second WNBA season.
Caitlin Clark

Caitlin Clark Backs Napheesa Collier in Fight With WNBA

Clark had her exit interview on Thursday after an injury-riddled season. 

Featured Today

Paul Cartier

Sports Organists Are Still Thriving in the Era of Raucous Arena Music

“When they walk out and they see a real organ guy, it’s like, ‘Wow.’”
Sep 27, 2025; Milwaukee, Wisconsin, USA; Milwaukee Brewers center fielder Jackson Chourio (11) rounds the bases after hitting a home run during the sixth inning against the Cincinnati Reds at American Family Field.
October 4, 2025

Milwaukee Moneyball: Brewers Are Beating MLB’s Deeper Pockets

Milwaukee is holding its own against big-budget competitors.
Kōloa Rum Company Rum Rusher
September 27, 2025

Panthers Bubbly, Jets Wine, Manning Whiskey: The Sports Booze Boom

A sommelier dives into the sports booze trend—and tries Jets wine.
Nov 17, 2024; Pittsburgh, Pennsylvania, USA; Pittsburgh Steelers fans wave Terrible Towels against the Baltimore Ravens during the fourth quarter at Acrisure Stadium
September 26, 2025

Steelers’ Irish Roots Are Deeper Than NFL Dublin Game

The Steelers have history and the foundation for a future in Ireland.

Connor McDavid Signs Short-Term Deal, Eyeing Oilers’ Cup Window

The three-time Most Valuable Player signs for below his market value.
September 30, 2025

Tyreek Hill’s Injury Complicates Financial Future With Dolphins

Releasing the receiver after this season would cost $28 million.
October 1, 2025

Cardinals Vow Changes Coming After Historic Attendance Drop

A stalwart franchise looks to correct an alarming slide in attendance.
Sponsored

How Soccer Star Jozy Altidore Became a Buffalo Bills Owner

Jozy Altidore discusses building a business legacy off the field.
Jun 12, 2025; New York City, New York, USA; New York Mets first baseman Pete Alonso (20) and relief pitcher Edwin Diaz (39) celebrate after defeating the Washington Nationals at Citi Field.
September 29, 2025

Two of the Mets’ Biggest Stars Could Dictate Important Offseason

The Mets missed the playoffs despite having one of baseball’s highest payrolls.
September 29, 2025

Mariners to End 37-Year RSN Run, Join MLB’s In-House Media Model

The Mariners-owned regional sports network is shutting down operations.
September 25, 2025

Celtics Owner Bill Chisholm: Boston Should Have a WNBA Team

Chisholm spoke to reporters Thursday for the first time as Celtics owner.
Aug 30, 2025; Phoenix, Arizona, USA; New York Liberty head coach Sandy Brondello calls out a play in the second half to her team against the Phoenix Mercury at Footprint Center.
September 25, 2025

Liberty GM Defends Controversial Brondello Firing

Kolb said he has confidence that the team’s stars will return.