NWSL announces Bay Area expansion; new club planning $125M investment, per source

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The National Women's Soccer League will officially grow to 14 clubs in 2024 with the arrival of a highly anticipated Bay Area expansion team ready to spend.

SOCCER: JUN 19 NWSL - San Diego Wave FC at NJ/NY Gotham FC

That money will largely be supplied by Sixth Street, the global investment firm behind the expansion bid. And four former U.S. women’s national team players who’ve driven the bid since its beginnings — Brandi Chastain, Leslie Osborne, Danielle Slaton and Aly Wagner — will supply soccer knowledge, strategic vision and clout.

The club also has less than a year to unveil its brand identity, build out its business staff and hire soccer executives and coaches.Waxman, the CEO of Sixth Street — which has— outlined his reasoning for investment in a blog post distributed Tuesday. He wrote that women's sports possess"trapped value waiting to be unlocked."

“All you have to believe is that economic reality eventually catches up to the data. And as it does, similar to the global men’s soccer franchises, we will start to see professional women’s teams become national and global consumer brands.”NWSL rules currently prevent

 

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