Alexis Ohanian Expands Women’s Sports Portfolio with Chelsea FC Women Investment
Alexis Ohanian, co-founder of Reddit and principal owner of Angel City Football Club, has made headlines by acquiring a minority stake in Chelsea FC Women. This investment solidifies his position as a significant figure in women’s sports, adding to his influential roles in high-profile teams.
Investment Details
Ohanian purchased a 10% stake in the esteemed English soccer team Chelsea FC Women for £20 million. This acquisition not only underscores his commitment to women’s sports but also values the club at £200 million, making it a frontrunner in the realm of women’s athletics.
Ohanian’s Position and Vision
As part of this deal, Ohanian will assume a position on the board of the team. He stated, “I’ve bet big on women’s sports before—and I’m doing it again,” signaling his confidence in the growth potential of the sector.
A New Era for Women’s Football
Chelsea FC Women boasts an impressive record, having claimed six consecutive Women’s Super League titles. Ohanian sees an opportunity to develop a global brand within women’s football, emphasizing his belief that Chelsea FC Women is poised to become the next iconic name in women’s sports.
Commitment to Legacy and Future Investments
Ohanian’s interest in women’s sports extends beyond just this investment. He left his position at Reddit in 2020 to focus on creating a legacy for his daughters through various ventures. In 2024, he notably invested $250,000 from a trust fund aimed at benefiting his children into Angel City FC, thereby making them among the youngest owners in professional sports.
Wider Impact in Sports
Alongside Ohanian, his wife, tennis superstar Serena Williams, has also ventured into sports ownership, recently becoming a part-owner of the WNBA expansion team Toronto Tempo. Ohanian is further expanding his influence by launching a women’s track competition.
Conclusion
Ohanian’s recent investment in Chelsea FC Women not only reflects a growing trend in women’s sports investment but also highlights the strategic direction he is taking to build a robust legacy in athletics for future generations.
Alexis Ohanian engages in discussions with Olympic sprinter Gabby Thomas at the Business of Women Sport Summit in April 2024.