Angel City co-founder Alexis Ohanian stirred the pot this week, divulging the circumstances behind the NWSL club's 2024 sale on Front Office Sports podcast "Portfolio Players" on Tuesday — and calling the original ownership model of the 2022 expansion team "a terrible idea."
Ohanian said he regretted relinquishing control to three of his co-founders — actor Natalie Portman, venture capitalist Kara Nortman, and current club CEO Julie Uhrman — claiming they invested "no money" themselves.
"I was [the] founding control owner in the eyes of the league, so it's my ass on the line," Ohanian continued, adding that last year's $250 million sale of Angel City directly stemmed from the celebrity-driven investment group's unsustainable startup-like ownership structure. "That works great in tech. In sports, it's a terrible idea."
Following a clash between Ohanian and his fellow ACFC owners on the team's operational and financial future, Disney CEO Bob Iger and USC dean Willow Bay stepped in to purchase the team, aligning board control with stakeholder interest.
"I think the best outcome here is, you got Bob and Willow, they have board control, and it's good," he said. "It's a rebuild."
Angel City did not immediately respond to Ohanian's interview, with Portman and Uhrman remaining on the club's board of directors while Nortman is a non-voting investor.
Angel City captain Ali Riley is calling it a career, with the 37-year-old defender announcing plans to retire from professional soccer at the end of the 2025 NWSL season on Tuesday.
"As I reflect on what this game has given me these past three decades, since I started in the Palisades here in LA, I know that I have truly given my all, both physically and emotionally," Riley said in a club statement. "As a player, I strived to be the best teammate, a positive influence in the locker room, and compete on the field every day. For my entire career, I never took a day when I got to play soccer for granted."
"Ali Riley is Angel City. Her heart, grit, and unwavering commitment to lifting everyone around her have shaped the culture of this club," said ACFC CEO and co-founder Julie Uhrman. "Ali has shown us that leadership goes far beyond the pitch; it's in how you care for others, how you show up."
Exiting the global stage after five World Cups and four Olympics with the New Zealand Football Ferns, the Stanford alum also helped pioneer the European women's game, competing in Sweden, England, and Germany from 2012 to 2020 before returning to the NWSL to join the Orlando Pride.
Angel City snagged Riley from the Pride before the expansion team's 2022 debut season, with the captain making her first 2025 club appearance in August after returning from a chronic nerve injury that sidelined her for more than a year.
"I am so proud to be able to say goodbye on my own terms, in my hometown, and know for certain that I am giving everything I have left to the people around me and the sport that shaped me," Riley wrote in her Instagram announcement.