Alexis Ohanian, co-founder of Reddit, recently snagged himself a piece of Chelsea FC Women, becoming a proud minority stakeholder in the English soccer team. This move adds to his ownership portfolio, as he already holds a stake in Angel City FC, a team in the National Women’s Soccer League. Ohanian, who is also known as the husband of tennis superstar Serena Williams, shelled out a cool 20 million pounds for a 10% ownership share in Chelsea FC Women, making him quite the player in the world of women’s sports.
Ohanian’s investment values Chelsea FC Women at a whopping 200 million pounds, solidifying its status as the most valuable women’s team globally. The team’s impressive record of six consecutive Women’s Super League titles certainly adds to its allure. Ohanian, always one to bet big on women’s sports, sees immense potential in Chelsea FC Women as a global brand in women’s football. As part of the deal, he secures a seat on the team’s board, allowing him to have a say in the club’s strategic decisions.
The tech entrepreneur turned sports investor is drawn to Chelsea FC Women not only for its on-field success but also for its massive social media following, boasting a staggering 4 million followers on Instagram. Ohanian views this as a significant revenue opportunity, leveraging the team’s online presence to drive business growth. His belief in the undervaluation of women’s sports and the untapped potential in the industry fuels his passion for investing in female athletes and teams. With a vision of billion-dollar women’s soccer clubs on the horizon, Ohanian is determined to play a part in shaping the future of women’s sports.
