• Loading stock data...
Monday, February 24, 2025

Michele Kang Drops Whopping $30 Million on U.S. Soccer

The investment, which will target the youth pipeline, is the largest donation to U.S. Soccer focused on girls and women.

Michele Kang
Brad Mills-Imagn Images

Washington Spirit owner Michele Kang has made a $30 million donation to U.S. Soccer, the largest gift in federation history designated for girls and women’s soccer.

The gift is largely focused on youth development, where the U.S. women have fallen off from their historic dominance in recent years. In September, Team USA lost to North Korea in the semifinals of the Under-20 World Cup and eventually took home bronze on a game-winning goal. The team hasn’t won the tournament since 2012. At the Under-17 World Cup earlier this month, the Americans got bronze again, the team’s first top-four finish since finishing second in 2008. Kang’s investment, spread out over a five-year period, will double the number of camps from six to 12 for every age group and improve its digital talent identifying platform.

The donation also aims to “fuel professional development for female players, coaches, and referees,” according to a U.S. Soccer statement, which said it aims to double the amount of female refs and coaches.

In July, Kang announced a $50 million donation to support female health initiatives in women’s sports and started her own sports science nonprofit to see it through. Shortly after, she gave $4 million to the U.S. women’s rugby sevens team in October after it won bronze at the Paris Olympics. She’s also invested in the media company Just Women’s Sports and IDA Sports, a company that makes women’s soccer cleats.

Kang first joined the Spirit with a 35% stake in 2020 and bought majority ownership of the team, which will face the Orlando Pride in the NWSL Championship on Saturday, for $35 million in 2022. Under her tenure as owner, the Spirit have moved permanently into the same practice and game-day facilities as the MLS’s D.C. United, and placed a large emphasis on women’s health.

Kang, 65, built her fortune off her health-care technology company, Cognosante, and her venture capital firm, Cognosante Ventures. She purchased the European women’s teams Olympique Lyonnais and London City Lionesses shortly after buying the Spirit, and is part of the new Baltimore Orioles ownership group that bought the team in January.

Kang gives the U.S. women their own Ken Griffin. The hedge fund billionaire has given U.S. Soccer millions and most recently bankrolled a large part of the hire of Mauricio Pochettino to be the national squad’s next manager, and helped dramatically increase the position’s salary. ESPN reported he will make $6 million annually, which is far higher than the roughly $2.2 million yearly salary his predecessor Gregg Berhalter made in 2022. Griffin has also contributed $8 million in recent years to the U.S. Soccer Foundation.

Perhaps part of Kang’s contribution to coaching will start at the national level. While new head coach Emma Hayes earns more than three times what Vlatko Andonovski made before her, she still brings home just $1.6 million per season.

“I believe a gift like this will change the trajectory of the sport,” Hayes said Tuesday.

This is the most significant investment in women’s soccer at the national level since the team went to war against U.S. Soccer for equal pay. The entire team filed a gender discrimination lawsuit against the federation in March 2019 and reached an equal pay settlement in February 2022. The U.S. women’s national soccer team stumbled in the 2023 Women’s World Cup, making its earliest exit ever in the round of 16, but regrouped to win gold at the Paris Olympics.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 29, 2024; Brooklyn, New York, USA; Las Vegas Aces center A'ja Wilson (22) dribbles the ball against New York Liberty forward Jonquel Jones (35) during game one of the 2024 WNBA Semi-finals at Barclays Center.

A’ja Wilson’s Star Continues to Rise With Release of Nike Shoe

Shoe deals have picked up alongside growing popularity of the WNBA.
Feb 3, 2025; New Orleans, LA, USA; Super Bowl LIX signage at the Hyatt Hotel.

New Orleans Home Rentals Skyrocket Around Super Bowl

Short-term rental revenue has already reached $10.5 million.
Jun 12, 2024; Dallas, Texas, USA; NBA TV analyst Charles Barkley talks on set before game three of the 2024 NBA Finals between the Boston Celtics and the Dallas Mavericks at American Airlines Center.

Charles Barkley Will Deny NBC, Amazon Offers to Stick With Turner

Barkley has repeatedly flip-flopped in his career plans in recent years.
Feb 2, 2025; Orlando, FL, USA; AFC wide receiver Brian Thomas Jr. of the Jacksonville Jaguars (7) carries the ball against NFC return specialist KaVontae Turpin of the Dallas Cowboys (9) during the 2025 Pro Bowl Games at Camping World Stadium.

NFL Pro Bowl Ratings Drop Again Despite Flag Football Push

ABC, ESPN, and Disney XD drew 4.7 million viewers for Sunday’s simulcast.

Featured Today

‘Ultimate Throwback’: The Unimpeachable Cool of Hartford Whalers Gear

Nostalgia and street cred have driven a consistent frenzy for merch.
January 20, 2024; Santa Clara, CA, USA; Kristin Juszczyk, wife of San Francisco 49ers fullback Kyle Juszczyk (44), before a 2024 NFC divisional round game against the Green Bay Packers at Levi's Stadium.
February 1, 2025

The New WAGs: Sports Wives Building Business Empires

Athletes’ wives and girlfriends are bucking stereotypes and cashing in.
Feb 3, 2019; Berkeley, CA, USA; California Golden Bears mascot dances on the court during a stoppage in play in the second half against the Stanford Cardinal at Haas Pavilion.
January 31, 2025

The Toll of Bicoastal Travel on New ACC Members Cal and Stanford

Cal and Stanford face missed flights, chaotic sleep schedules, and academic demands.
January 28, 2025

It’s Starting to Pay to Be Good at Cornhole

American Cornhole League players made $7.7 million in 2024.

Lurie Not Interested in Celtics; Considering Eagles Stadium Options

The Eagles owner has been reported as a potential Celtics bidder.
February 3, 2025

Caitlin Clark’s Rise Drawing Stars to Fever, Creating Title Contender

DeWanna Bonner is a two-time WNBA champion.
Jan 2, 2022; New Orleans, Louisiana, USA; The New Orleans Saints logo on the field before their game against the Carolina Panthers at the Caesars Superdome.
February 3, 2025

Internal Emails Find Saints Heavily Involved in New Orleans Church Abuse Scandal

Saints communications staff helped the church with public relations efforts.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
February 2, 2025

Kings Sending De’Aaron Fox to Spurs in 3-Team Deal for Zach LaVine

De’Aaron Fox will join Victor Wembanyama in San Antonio.
February 2, 2025

Lakers’ Luka Trade Shakes NBA, While Mavericks Face Fallout

One of the NBA’s most popular teams gets a major boost.
February 1, 2025

Nashville, Detroit, Houston, Philadelphia Submit WNBA Expansion Bids

Tennessee’s team would be named after legendary basketball coach Pat Summit.
January 30, 2025

Utah Hockey Club Puts Name Choice in Fans’ Hands After Yeti Fiasco

Keeping the existing name, the Mammoth, and Wasatch are the remaining options.