More NWSL stars are jumping ship, as both the San Diego Wave and North Carolina Courage saw respective key players Delphine Cascarino and Denise O'Sullivan sign with WSL clubs over the last few days.
Former Wave forward Cascarino inked a deal through the 2029/30 season with the London City Lionesses on Monday, one day after San Diego announced they had mutually parted ways with the French international despite her contract running through 2026 with an option for the 2027 NWSL season.
"I'm really happy to be here," said the 28-year-old in a statement. "London City is the only independent women's club in the WSL, which excites me."
North Carolina midfielder and captain O'Sullivan made a similar move on Saturday, as the Ireland international signed with Liverpool following more than eight seasons and a club-record 186 appearances for the Courage.
The last-place WSL team reportedly shelled out a club-record transfer fee of approximately £300,000 to roster the 31-year-old two-time NWSL champion and three-time Shield-winner, who called Liverpool "a new challenge" that will see her "only a 40-minute flight away" from her family in Cork, Ireland.
Though the NWSL departures of Cascarino and O'Sullivan mark a kind of homecoming for the European standouts, they are just the latest to exit the US league, after USWNT star Sam Coffey joined WSL-leaders Manchester City last week.
"England — for men and women — is the country of football," noted Cascarino. "It's always been a goal of mine to play in this league."
The WSL is cashing in on the women's game, with two UK clubs surpassing €25 million in annual revenue for the first time, according to the Deloitte Football Money League report on the 2024/25 season that dropped this week.
Reigning UWCL champions Arsenal topped the list for the first time after taking in €25.6 million last season, followed closely by WSL title-holders Chelsea FC's €25.4 million.
Meanwhile, Perennial European contender FC Barcelona (€22 million) dropped to third after leading the group in 2023/24, outpacing WSL titans No. 4 Manchester City (€12.9 million) and No. 5 Manchester United (€12.8 million).
Due to a lack of revenue data, the yearly study did not include major women's leagues in the US, Sweden, or Australia, giving the rankings a European bent as the total sum crossed the €150 million mark for the first time — a 35% increase over the previous season's Top-15 Money League clubs.
Commercial income was the biggest revenue driver for many top clubs, with sponsorship deals and brand partnerships leading the charge.
Arsenal also benefitted from increased revenue on the men's side, allowing the women's team to up its investment while avoiding running at a loss.
How to watch the top Deloitte Football Money League clubs in action
Deloitte Football Money League leader Arsenal will take on No. 5 Man United while revenue runners-up Chelsea will face the WSL-leading Man City in the 2025/26 Women's League Cup semifinals on Wednesday.
The concurrent clashes will kick off at 2 PM ET, streaming live on YouTube.
USWNT star Sam Coffey has sealed the deal, with WSL side Manchester City announcing on Wednesday that they've signed the 27-year-old through 2029.
Manchester City reportedly paid $875,000 in transfer fees for the midfielder, after Coffey led the Portland Thorns to one NWSL title in her four years with the NWSL club.
"Sam's reputation as one of the world's best speaks for itself," said Man City director of football Therese Sjögran in the WSL club's announcement. "We're delighted she's chosen to come here ahead of other potential suitors."
"Sam is playing at the top of her game, and I think her decision to come here shows the incredible progress we've made as a Club and the ambitions we have moving forward," added Sjögran.
City's ambitions are rising alongside their place on the WSL table, where the Citizens currently sit six points clear atop the standings thanks to global stars like Bunny Shaw and Vivianne Miedema.
Coffey's move, however, continues to tip the USWNT's scales away from the NWSL, with over half of the starting XI from the 2024 Olympic gold-medal match now playing club football in Europe — at least for now.
"For as long as I've kicked a ball, I've always dreamed of playing professional soccer in Europe," Coffey said in an emotional letter to Portland on social media. "I would never forgive myself if I didn't go try."
How to watch Manchester City this weekend
Though the date of Coffey's European debut is still unknown, Manchester City will next take the pitch against third-flight club Bournemouth in the fourth round of the 2025/26 FA Women's Cup at 8 AM ET on Sunday before facing a top-tier battle against WSL champion Chelsea in the League Cup semifinals next Wednesday.
WSL action for the Citizens will then resume on Sunday, January 25th, when Man City takes on the London City Lionesses at 6:55 AM ET on ESPN+.
This month's USWNT roster featured one notable gap, as the absence of Portland Thorns midfielder Sam Coffey stirred up rumors that the 27-year-old is finalizing a move to the WSL to join the top-tier UK league's frontrunners, Manchester City.
First reported by The Guardian, ESPN added on Thursday that Manchester City will ante up a base transfer fee around $800,000 to add Coffey to the Citizens' roster — though the number could rise as negotiations continue and parties finalize a deal.
The national team stalwart will reportedly travel to Manchester in the near future to ink a potential contract, but Coffey currently remains under contract with Portland until 2027, having signed an extension with the Thorns in 2024.
Coffey has been a mainstay for her NWSL club since Portland drafted the Penn State alum in 2021, but the UK league's pull could persuade her to join her USWNT teammates Alyssa Thompson (Chelsea), Emily Fox (Arsenal), Phallon Tullis-Joyce (Manchester United), and Naomi Girma (Chelsea) in making the leap to the WSL.
Currently sitting six points clear of six-time reigning champion Chelsea atop the 2025/26 WSL table, Manchester City has reportedly been searching for "the right defensive midfield option" as they pursue their first league title since 2016.
Mercedes-Benz is getting into the women's game, with the luxury car giant becoming the official automotive partner of England's WSL and WSL2 this week.
The deal showcases Mercedes-Benz's growing commitment to women's sports, with the auto giant also signing on as the presenting sponsor of the WTA Tour last month — adding to a resume that includes serving as the official patron of the LPGA Tour's AIG Women's Open.
"The Mercedes-Benz story began 140 years ago with a bold idea," said Mercedes-Benz UK CEO and managing director Olivier Reppert in the WSL's Wednesday press release. "Now, that same spirit of innovation and ambition drives our partnership with WSL Football."
While financial terms of the partnership are not public, Mercedes-Benz is just the latest big-name sponsor to back WSL Football, with some reports saying that the two-league outfit has tripled its commercial revenue since splitting with the FA in 2024.
"Bringing a brand of this calibre…will help us elevate the game, deepen engagement with fans and players, and accelerate long-term growth across both leagues," said WSL Football CRO Zarah Al-Kudcy.
Mercedes-Benz will also present this spring's inaugural interleague playoff, in which the third-place WSL2 club will battle the last-place WSL team for a chance at promotion as a part of the top flight's planned 14-team expansion for 2026/27.
USWNT star Catarina Macario could be on the move, with ESPN reporting Monday that numerous interested NWSL teams may make a play for the 26-year-old Chelsea FC forward in 2026.
Macario's contract with the reigning six-time WSL champions expires on July 1st, though FIFA regulations allow her to sign with a new club as early as January, with other European clubs expected to join hopeful NWSL teams in the race.
Despite leading the USWNT with eight goals in 2025, Macario did not dress for Chelsea's recent UWCL league-phase finale against Wolfsburg last week, with the attacker starting just six of the Blues' 11 WSL matches so far this season.
Should an NWSL club make an offer, its viability could hinge on the league's current salary cap dispute, with the Board of Governors suggesting the adoption of a "High Impact Player" rule to help teams keep or attract big names.
However, the NWSL Players Association came out against the mechanism last week, pushing instead to raise the overall cap to match any potential special relief.
Though a Macario NWSL deal is mere speculation at the moment, leagues on both sides of the Atlantic are beginning to grapple with the demands of retaining or drawing top talent in the increasingly competitive — and expensive — global women's game.
The business of women's sports is booming, as Forbes confirmed this week in their Most Valuable Women's Sports Teams of 2025 rankings.
The publication reported that 25 women's sports organizations now boast valuations in the nine figures, with an estimated collective worth of $5.6 billion.
The WNBA's New York Liberty tops the list with an estimated value of $400 million, with women's basketball producing the inaugural rankings' five most valuable teams as the Indiana Fever, Seattle Storm, Las Vegas Aces, and Phoenix Mercury also punched at or above the $300 million mark.
Notably, all 12 long-established WNBA teams feature in the Top 25, with only 2025 expansion side Golden State still building into the top echelon of women's sports valuations — though the Valkyries seem a likely future addition to the list considering their record-breaking debut season.
Soccer standouts comprised the other 13 Most Valuable Women's Sports Teams of 2025, with eight NWSL franchises and five European football clubs scoring spots on the Forbes list.
No. 6 Angel City FC and No. 7 Kansas City Current lead the NWSL at $280 million and $275 million, respectively, while No. 8 Arsenal just edged Liga F side No. 7 Barcelona and fellow WSL club No. 8 Chelsea FC to top Europe's contingent with a valuation of $260 million.
Purpose-built arena and training facilities ultimately gave US teams a valuation edge, as many European clubs remain financially tied to their men's counterparts.
All in all, women's sports valuations reflect potential as much as they do current reality, as investors cash in on one of the sector's fastest-growing markets.
The WSL appears to have a serious 2025/26 title race on its hands, after No. 1 Manchester City cemented their six-point lead on six-time reigning champs No. 2 Chelsea with Sunday's lopsided 6-1 win over No. 8 Aston Villa.
City striker Bunny Shaw scored four times in the victory, bringing her all-time club tally to 103 goals — and becoming the first woman to reach the century scoring mark in the team's modern era.
"Coming into this game, I knew that if I scored it would have been a really good milestone for me," she told BBC Radio.
Manchester City have been perfect since dropping their 2025/26 season opener — a 2-1 loss to six-time champions Chelsea — with the Citizens now carrying a 10-match WSL winning streak into 2026.
While Chelsea and No. 3 Arsenal have ample ground to make up on the WSL table, both managed to keep pace by snagging their own multi-goal wins over the weekend.
After No. 10 Everton snapped the Blues' 34-game WSL unbeaten streak last week, goals by France international Sandy Baltimore and USWNT star Alyssa Thompson shot Chelsea past No. 7 Brighton 3-0 on Sunday.
Arsenal is also back to their winning ways, taking down Everton 3-1 on Saturday to hold off No. 4 Manchester United as captain Leah Williamson returned from injury.
How to watch the WSL in 2026
Now on holiday break, the WSL will return at 7:30 AM ET on January 10th, when Arsenal will kick off 2026 play against Manchester United at Emirates Stadium, airing live on ESPN+.
Chelsea FC's £1 million gamble is paying dividends, as USWNT rising star Alyssa Thompson continued her goal-scoring momentum for the six-time defending WSL champs on Sunday.
The young forward found the back of the net in the ninth minute of the Blues' 1-1 Sunday draw with Liverpool, solidifying her status as a decisive attacking threat for her new club.
"You can see how much talent she has and the quality she brings to the team," Chelsea manager Sonia Bompastor said of Thompson earlier this month. "She's improving game after game, becoming more connected to her teammates, and understanding the way we want to play better."
Thompson left NWSL side Angel City for Chelsea on a then-record £1 million transfer fee in early September, with the 21-year-old going on to notch three goals and one assist in four matches across both WSL and Champions League play.
"Being able to play with players that are the best in the world is an amazing opportunity," said the striker. "I want to learn, grow, and develop a lot. I feel like Chelsea is such an amazing environment to do that in."
Beyond individual accomplishment, Thompson's success underscores Chelsea's depth as they continue to hunt domestic and continental honors on a now-34 match WSL unbeaten streak — while also looking to potentially draw more USWNT stars away from the NWSL.
After a dramatic 3-0 win over crosstown rival Manchester United on Saturday, Manchester City is now leading the WSL, sitting three points clear atop the 2025/26 league table while notably extending their advantage over second-place powerhouse Chelsea FC.
The home side scored all three of their goals in the first half, with defender Rebecca Knaak putting City ahead in the 26th minute before attacker Khadija "Bunny" Shaw added to the lead in the 43rd minute.
Returning from injury with a vengeance, forward Lauren Hemp sealed the deal for the Citizens with the final goal in first-half stoppage time.
"It's so nice to be back," Hemp said postgame. "Today we showed the mentality that I said at the start we needed to show."
While reigning six-time WSL champions Chelsea have yet to lose a match this WSL season, a trio of 2025/26 draws has the Blues now trailing the current eight-win, one-loss record held by Manchester City.
As for United, the WSL third-place Red Devils were without star goalkeeper Phallon Tullis-Joyce in Saturday's loss, after the USWNT net-minder suffered a fractured eye socket in November 8th's 1-0 loss to Aston Villa.
"She should be fine, it's just trying to make sure she doesn't get another knock in that area," said United manager Marc Skinner, noting that Tullis-Joyce could return as soon as the club's 2025/26 Champions League match against VfL Wolfsburg on Wednesday.