Puck News and Semafor had the first reports on the Iger-Bay investment.
Angel City has attracted a number of notables from show business, finance and sports circles.
The venue is also the home field for Major League Soccers LAFC.

A June 2024 game between Angel City FC and the Orlando Pride at LA’s BMO StadiumKatelyn Mulcahy/Getty Images
President Julie Uhrman toldThe Athleticin 2023 the vision of the teams backers envisioned a rapid growth path.
Theres no better investment today than womens sports.
The NWSL has rebounded from a crisis that nearly torpedoed its mission in 2021.

Reps for Angel City, Iger and Bay did not initially respond to Deadlines requests for comment.