Serena Williams' 2-year-old daughter Olympia is now the proud owner of a stake in the Los Angeles franchise of the National Women’s Soccer League, thanks to her parents.  An announcement on the league's website explained that Williams and Olympia are part of a large group of high-profile investors in the Angel City franchise that will play for Los Angeles beginning in the spring of 2022.

Olympia's father, Alexis Ohanian, is a lead founding investor in the franchise and said in a statement that he was excited to bring women's soccer to the city and wanted the team to be a part of his daughter's future.

“I am proud to be a part of this wonderful group working to bring a women’s professional football club to Los Angeles. Chiefly, because I’m a fan of the game, but also because I believe there is massive potential for the sport and it’s been undervalued by too many people for far too long," the Reddit co-founder said.

"As someone who spends hours kicking around a football with my two-year-old daughter, I want her to have a front row seat to this revolution," he continued. "I’m personally investing on behalf of my family because creating more opportunities in women’s sports is important to my wife and me, and we want to be a part of making a better future for our daughter."

Angel City will become the league's 11th franchise, and Sports Illustrated reported that Olympia may be one of the youngest sports team owners in the country. 

In a longer Instagram post, Ohanian explained more about why he thought it was important to build a women's sports franchise in the city.






View this post on Instagram









Disparities between men and women occur in all facets of entertainment, including sports media. The global sports fanbase is 50/50 men and women, yet female athletes receive just 4% of sports media coverage. And yet... US viewership of the 2019 Women’s World Cup final was 22% higher than the 2018 men’s final! After the unstoppable legacy of @USWNT, I was hungry to see and do more. ⚽️ That's why I'm proud to help bring @weareangelcity to the City of Angels. This team is rewriting the playbook, and you can be a part of it. Welcome to the beginning. This is the kind of ambitious lead investing @Initialized is all about and we're excited to announce this one-of-a-kind lifestyle, apparel, and sports organization. I am proud to be a part of this wonderful group (majority women!) working to bring a women’s professional football club to Los Angeles. Chiefly, because I’m a fan of the game, but also because I believe there is massive potential for the sport and it's been undervalued by too many people for far too long. As someone who spends hours kicking around a football with my two-year-old daughter, I want her to have a front row seat to this revolution. I’m personally investing on behalf of my family because creating more opportunities in women’s sports is important to my wife @serenawilliams and me, and we want to be a part of making a better future for our daughter @olympiaohanian #WeAreAngelCity

A post shared by Alexis Ohanian Sr. (@alexisohanian) on

"Disparities between men and women occur in all facets of entertainment, including sports media. The global sports fanbase is 50/50 men and women, yet female athletes receive just 4% of sports media coverage. And yet... US viewership of the 2019 Women’s World Cup final was 22% higher than the 2018 men’s final! After the unstoppable legacy of @USWNT, I was hungry to see and do more," he said.

"That's why I'm proud to help bring @weareangelcity to the City of Angels. This team is rewriting the playbook, and you can be a part of it. Welcome to the beginning. This is the kind of ambitious lead investing @Initialized is all about and we're excited to announce this one-of-a-kind lifestyle, apparel, and sports organization," he added. 

Actresses Natalie Portman, Eva Longoria, Jessica Chastain, Jennifer Garner and Uzo Aduba as well as soccer legends like Mia Hamm and Abby Wambach also have a stake in the team.

The league is currently finishing up the Challenge Cup in Utah and will have its final on Sunday, according to Sports Illustrated.