Natalie Portman-Led Group Wins Women’s Soccer Expansion Team in Los Angeles

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Natalie Portman-Led Group Wins Women’s Soccer Expansion Team in Los Angeles
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Natalie Portman is leading a group of predominantly female investors, including Jennifer Garner, Uzo Aduba and America Ferrera, in founding a new National Women's Soccer League team in Los Angeles, according to Variety's sister site Sportico

, who led the investment with his fund, Initialized Capital, are sidelining the traditional ownership model. Founding the NWSL’s 11th team through an expansive investor ownership group that includes a number of Hollywood, tech, venture, media and sports stars, the startup-like setup is itself as notable as the names behind it.

“Normally in startups we think about finding product-market fit, and this is one of those [situations] where the market is very much asking for the product already. L.A. is ready,” Ohanian. The Reddit co-founder also made a personal investment into the team on behalf of his wife, tennis star Serena Williams, and their daughter, Olympia — now likely the youngest owner in sports at two months shy of three years old.

“After spending time with the USWNT players, their union rep, and getting to know some of the owners of the NWSL and the league’s supporters, it became clear having a team in L.A. could not only elevate the league and players’ exposure, but also bring these incredibly talented women to the city of L.A. — my city,” Portman told Sportico.

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