Sheryl Sandberg backs a $125 million investment to bring a women’s soccer club to the Bay Area
Summary
Netflixs new CMO is changing things up, Nikki Haley did a 180 on Boeing, and Sheryl Sandberg is the latest investor to back womens sports. Sheryl Sandberg and her husband, Tom Bernthal.The pair are part of a group of investors backing a new National Womens Soccer League franchise set to head to the San Francisco Bay Area. With a $125 million total investment led by Sixth Streetthe largest institutional investment in professional womens soccer in historya 14th team will join the growing league in 2024, the NWSL announced today.Players including Brandi Chastain, Leslie Osborne, Danielle Slaton, and Aly Wagner were involved in the effort to bring a soccer club to the Bay Area, a competitive bidding process. NWSL commissioner Jessica Berman said in a statement that the league sought ownership groups that not only had the structural integrity for our league to thrive, but also demonstrated a genuine commitment to investing in and creating first-rate organizations on and off the pitch.Sandberg and Bernthal, for their part, saw the opportunity to marry their interests and expand the impact of a soccer franchise to the broader community in the Bay Area, especially after following the success of Angel City FC in Los Angeles.Sandberg sees a direct correlation between her longtime work for womens advancement in business and this new endeavor in athletics. Subscribe here.This story was originally featured on Fortune.com None 5 side hustles where you may earn over $20,000 per yearall while working from home None Expert advice to keep your money safe during bank failures None The young creators of a "TED meets Burning Man" conference bought a $40-million mountain.