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 welcomed four new owners on Monday, as NBA star Chris Paul headlines four high-profile investors buying into the 2022 NWSL expansion side under the leadership of controlling owner Willow Bay.

A 12-time NBA All-Star, Paul is joined by fellow NWSL investors philanthropist Solina Chau, organizational development consultant Ina Coleman, and entrepreneur Paul Bernon.

"Chris, Solina, Ina, and Paul exemplify the values and vision that define ACFC," said Bay in a club statement. "Their outstanding leadership across business, sport, advocacy, and social impact makes them ideal partners as we continue building a world-class club that is forward-thinking, inclusive, and ambitious."

"It's an incredible honor to join Angel City FC as an investor and owner," Paul said on Monday. "Being able to join ACFC is not only an amazing opportunity, it's a chance to support women's sports and help drive positive change."

Valued at upwards of $250 million, Angel City has long been a draw for celebrity co-owners. The investor roster includes tennis legend Billie Jean King, singer Christina Aguilera, and actors Natalie Portman, Jennifer Garner, and America Ferrera.

Despite the big-name backers, ACFC currently sits 11th in the 2025 NWSL standings with just four matches left on the year. The team is in danger of missing the playoffs for the second straight season.