Watching England's women's team win Euro 2022 was the "pivotal moment" for attracting Reddit co-founder Alexis Ohanian to the English game and resulted in him taking a 10 percent stake in domestic treble winners Chelsea earlier this month.
His £20 million ($27 million) investment is timely after Arsenal, who finished 12 points off Chelsea in the Women's Super League title race, won the Champions League on Saturday after beating three-time winners Barcelona.
Ohanian -- who sold Reddit for $10 million in 2006 and has since made a fortune in other investments -- has form in investing in women's football teams.