Alexis Ohanian, co-founder of Reddit and spouse to tennis star Serena Williams, has made headlines by investing in the Chelsea Women’s Football Club. His acquisition of a 10% stake for £20 million aims to align the team’s exceptional talent with the necessary resources and recognition they deserve.
Ohanian confirmed his investment via social media, stating, “I’ve bet big on women’s sports before – and I’m doing it again.” He expressed pride in joining Chelsea Women FC as both an investor and board member, emphasizing his goal to elevate the club’s status in the Women’s Super League (WSL).
As the Chelsea squad, under head coach Sonia Bompastor, pursues a historic domestic treble with an unbeaten league season, Ohanian highlighted the importance of investing in their visibility and respect, not just in pursuit of titles. He specifically commended Chelsea women’s chief executive Aki Mandhar for her dedication to excellence, which contributed to his enthusiastic decision to invest.
The reported £20 million investment values Chelsea Women at £200 million, aligning with the valuation when the women’s team was sold to Blueco 22 Midco Ltd last year as part of broader financial strategies.
Ohanian’s previous experience includes investing in Angel City, an independent women’s football club in Los Angeles, which was sold for a record-breaking $250 million. His ongoing commitment to women’s sports reflects a growing recognition of the need for investment in this area.
With figures like Ohanian backing women’s football, there is hope for increased visibility and resources, ensuring that talented players like those on the Chelsea team receive the respect and support they deserve. This investment not only enhances the club’s potential but also serves as an inspiration for the broader landscape of women’s sports.