Angel City FC's sale of a 35%-40% controlling stake to Willow Bay and Bob Iger puts the team in line with industry norms and brings clarity to its previously messy governance structure.

The team said the transaction lifts the club’s value to $250 million, making it the most valuable franchise in women’s pro sports history.

A star-studded ownership group led by Disney CEO Bob Iger and his wife, journalist Willow Bay, have completed its historic purchase of a controlling interest of Angel City FC, the club announced on Thursday.

Willow Bay and Bob Iger have closed on their purchase of a controlling stake in NWSL club Angel City FC after the transaction received unanimous approval from the league’s Board of Governors.

Willow Bay and Bob Iger are officially the controlling owners of Angel City Football Club, the franchise announced Thursday, completing a transaction that values ACFC at $250 million. The deal, which includes an additional $50 million invested in the team’s “operations and growth goals,