Angel City 'hires bank to start sales process' after $180m valuation

Angel City FC - the NWSL's highest-valued franchise - may soon be under new ownership.

On Friday, reported that the club hired Moelis & Company to start the sales process. Sources said the decision follows tension between board members over team governance.

Alexis Ohanian remains the largest shareholder in the club. The amount of equity available for sale remains unclear. The team also has three co-founding partners - Kara Nortman, , and Julie Urham - and dozens of celebrity investors, further complicating matters.

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