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5d ago

Alexis Ohanian Acquires 10% Stake in Chelsea Women FC for £20m

The investment values the Women’s Super League champions at a record £200m, with funds exclusively supporting the women’s team and Ohanian joining the board.

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Alexis Ohanian, founder of Seven Seven Six and co-founder and former executive chairman of Reddit, speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 3, 2023. REUTERS/Mike Blake/File Photo
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Both Ohanian, who will be on the board, and Williams are expected to be engaged in the club

Overview

  • Alexis Ohanian, co-founder of Reddit and husband of Serena Williams, has purchased a 10% stake in Chelsea Women FC for £20 million.
  • The deal values Chelsea Women at £200 million, making them the most valuable women’s football team globally.
  • Ohanian will take a seat on Chelsea Women’s board, with all investment funds allocated exclusively to the women’s team.
  • Chelsea Women’s separation into a distinct entity under Todd Boehly’s consortium last year facilitated the record valuation and targeted investment.
  • Ohanian’s prior success with Angel City FC and Athlos NYC highlights his commitment to advancing women’s sports through strategic investments.