Entrepreneur Alexis Ohanian, co-founder of Reddit, invests in minority share of Chelsea Football Club's women's squad.
Reddit co-founder Alexis Ohanian wheels in a staggering financial play, acquiring a chunk of Chelsea FC Women
It's no secret that sports magnate Alexis Ohanian is on a roll. His latest move? Betting big on women's sports, yet again, by plonking down a jaw-dropping 20 million smackers for a whopping 10% stake in Chelsea FC Women, making him a proud owner of two top-tier teams in the women's sports sphere.
Hailing from the innovative venture capital firm Seven Seven Six and married to the legendary tennis queen Serena Williams, Ohanian sealed the deal for his piece of the English soccer powerhouse. A source close to the negotiations confirms the tidings.
Ohanian isn't a stranger to the world of women's sports. He's already knee-deep in the National Women's Soccer League's Angel City FC, sharing ownership with none other than the big cheese at Disney, Bob Iger, and his wife, Willow Bay.
With this acquisition, Chelsea FC Women's value soars to a staggering 200 million pounds – the highest value for any women's team on the planet, based on current exchange rates. As part of the deal, Ohanian bags a spot on the team's board.
In a post on social media, Ohanian asserted, "I've placed my bets on women's sports before – and I'm doubling down."
Chelsea FC Women have been on a six-game winning streak in the Women's Super League, and Ohanian is, without a doubt, eyeing the lucrative opportunity to grow a worldwide brand in women's football.
"I reckon Chelsea FC Women is the next global women's sports sensation," Ohanian declared.
One of the factors that drew Ohanian to Chelsea was reportedly the team's massive following on social media. With a whopping 4 million followers on Instagram, it's clear that there's a goldmine of attention waiting to be tapped.
"As a social media guru, I seek heat online in the free market of attention," Ohanian said. "If this were any other brand, there's a ton of revenue potential there."
Ohanian insists he believes in the business model and thinks women's sports have been undervalued for far too long. He maintains that brands are slowly waking up to the value of sponsoring women's sports, and that billion-dollar clubs in women's soccer are just around the corner.
All in all, Ohanian appears to be on a mission to build a legacy for his little princesses and nurture women's sports growth through strategic investments. His tireless efforts to promote and grow the female sports industry are certainly worth keeping an eye on.
- Alexis Ohanian, known for his investments in innovative ventures, has bought a 10% stake in Chelsea FC Women for a significant 20 million pounds, extending his investments to two top-tier women's sports teams.
- With this acquisition, Chelsea FC Women's value surges to an unprecedented 200 million pounds, setting the record for the highest value of any women's team worldwide.
- As part of the deal, Ohanian takes a seat on the team's board and emphasizes his commitment to growing women's football, asserting that he's doubling down on his bets in women's sports.
- Seeking to capitalize on the enormous potential in women's football and Chelsea FC Women's massive social media presence, Ohanian believes that billion-dollar clubs in women's soccer are on the horizon and is dedicated to nurturing the growth of the female sports industry.
