US soccer legend Alex Morgan is back in the game, becoming a minority owner of her former NWSL club by investing in the San Diego Wave FC on Tuesday.
One of the 2022 expansion side's first signings, Morgan captained the Wave to their 2023 NWSL Shield win before retiring in September 2024 as the team's all-time leader in both goals (28) and assists (11).
"San Diego is where I've built my home, where I am raising my children, and found a purpose beyond my playing career," Morgan said in a club statement. "I believed in Wave FC before a single match was played, and I still believe this club has the power to change the future of women's sports."
Morgan joins an ownership group led by the Leichtman-Levine family. The Leichtmans purchased the team from founding owner Ron Burkle at a reported $113 million valuation last year.
"Alex has always fought to positively impact this game beyond the pitch," said Wave FC controlling owner Lauren Leichtman. "Her decision to invest is not only a continuation of her leadership but also a reflection of her belief in what we are building."
The two-time World Cup champion appears to be making good on her desire to shape the women's sports landscape after hanging up her boots, also buying into Unrivaled 3×3 Basketball ahead of the league's early 2025 debut.
"I was on board [with Unrivaled] from day one," Morgan told Boardroom in January. "Fans want to see what a player's personality is and who they vibe with, what drives them, and I think that being able to mesh that with competition, it already [is] a home run here with Unrivaled. So it would be really exciting to do something with other women's sports as well."