Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Business Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team
Business

Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team

by admin May 16, 2025
May 16, 2025

Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable teams in women’s sports.

The founder of venture capital firm Seven Seven Six and husband of tennis legend Serena Williams paid 20 million pounds for a 10% stake in the English soccer team, according to a person familiar with the deal. Ohanian is also a part owner in the National Women’s Soccer League’s Angel City FC alongside Disney CEO Bob Iger and his wife, Willow Bay.

Ohanian’s Chelsea deal values the women’s club at 200 million pounds, according to the person familiar, making it the most valuable women’s team in the world based on current foreign exchange rates. As part of the deal, Ohanian will be given a seat on the team’s board.

“I’ve bet big on women’s sports before — and I’m doing it again,” Ohanian said in a post on social media site X confirming the stake.

Chelsea FC Women have won six consecutive Women’s Super League titles. Ohanian says he see the opportunity to grow a worldwide brand within women’s football.

“I’m confident Chelsea FC Women is the next global women’s sports brand,” he said.

Ohanian told CNBC’s “Squawk Box” on Thursday that one of the things that drew him to Chelsea was the team’s large social media following. Chelsea FC Women have 4 million followers on Instagram.

“As a social media guy, I look for heat online in the free market of attention,” Ohanian said. “If this were any other type of brand, there is a lot of revenue opportunity there.”

Ohanian also said he believes in the business model and that women’s sports have been undervalued too long. He said brands are only now starting to wake up to that value.

“We will see billion-dollar clubs in women’s soccer one day in the not-too-distant future,” he predicted.

Ohanian left Reddit in 2020 to focus on building a legacy for his two young daughters through sports and other investments.

He said in 2024 he had invested $250,000 from his daughters trust fund into Angel City FC. Ohanian said the investment made them the youngest owners in professional sports and multi-millionaires.

Williams also recently became part owner of WNBA expansion team the Toronto Tempo, and Ohanian has started a women’s track competition.

This post appeared first on NBC NEWS

0
FacebookTwitterPinterestEmail
previous post
Trump’s embrace of Syria and its jihadist-turned-president could shake up the Middle East
next post
Netflix says its ad tier now has 94 million monthly active users

Related Posts

Apple reveals complex system of App Store fees to avoid...

June 30, 2025

Bumble shares jump 26% as dating company plans to axe...

June 27, 2025

Women’s Tennis Association extends media rights deal with Tennis Channel...

June 27, 2025

Divided Fed proposes rule to ease capital requirements for big...

June 27, 2025

Small-business AI use is lagging, but one firm is channeling...

June 26, 2025

Nvidia CEO Huang sells $15 million worth of stock, first...

June 26, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Kneecap rapper charged with terrorism offense over alleged Hezbollah flag

      June 30, 2025
    • Russia’s summer offensive in Ukraine underwhelms – but Kyiv won’t be celebrating

      June 30, 2025
    • Netanyahu says ‘opportunities have opened up’ to free Gaza hostages following Iran operation

      June 30, 2025
    • The last Hong Kong pro-democracy party that held street protests disbands

      June 30, 2025
    • Turkish police detain dozens at banned Istanbul Pride march, lawmaker says

      June 30, 2025

    Categories

    • Business (1,425)
    • Investing (3,552)
    • Politics (4,769)
    • World (4,641)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing