Angel City, the most valuable franchise in the history of U.S. women’s sports, might soon have a new controlling owner after its board hired a New York investment bank to manage a sale of the NWSL club.
The team’s four principle owners voted to have Moelis & Co. seek an investor that would assume control of Angel City’s board, which has reportedly been at odds for months over spending.
But Sarah Harden, a media entrepreneur and one of Angel City’s earliest investors, characterized the search for a new controlling owner as fundraising.