Natalie Portman-Led Group Wins Women’s Soccer Expansion Team in Los Angeles

, who led the investment with his fund, Initialized Capital, are sidelining the traditional ownership model. Founding the NWSL’s 11th team through an expansive investor ownership group that includes a number of Hollywood, tech, venture, media and sports stars, the startup-like setup is itself as notable as the names behind it.

“Normally in startups we think about finding product-market fit, and this is one of those [situations] where the market is very much asking for the product already. L.A. is ready,” Ohanian. The Reddit co-founder also made a personal investment into the team on behalf of his wife, tennis star Serena Williams, and their daughter, Olympia — now likely the youngest owner in sports at two months shy of three years old.

“After spending time with the USWNT players, their union rep, and getting to know some of the owners of the NWSL and the league’s supporters, it became clear having a team in L.A. could not only elevate the league and players’ exposure, but also bring these incredibly talented women to the city of L.A. — my city,” Portman told Sportico.

Sportico Love this

Sportico Maybe these rich women should use their money to help the homeless, sick, unemployed, etc instead of a soccer team that will have foreign players earning big money

Sportico Awesoooooome

Sportico The LA Sol left the rest of the league in their wake during their single season but lost at the end due to an erroneous red card call that should have gone the other way. We lost the LA team when we lost our sponsorship (Amway) just as the team, and league, was taking off.

Sportico Ok

Sportico even more incentive to not watch soccer!

Sportico It's good they are spending their own money up front on this. Good luck. They'll probably lose their shirt though.

Sportico Great way to use your influence and money; the World desperately needed another sports team. GFY

Sportico Great!

Sportico All you have to do now is to find supporters and ...success!!

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