Core Insights - Billionaire Michel Kang aims to revolutionize women's sports, particularly women's soccer, by proving that her three teams can be as profitable as men's sports [1][2][3] - Kang has a net worth of approximately $1.2 billion and ranks 28th on Forbes' list of America's richest self-made women in 2025 [2] - She has invested at least $200 million in women's sports since entering the field, including acquiring three clubs and donating to women's sports initiatives [7][8] Company Overview - Kang founded the medical IT company Cognosante in 2008 and sold it for over $1 billion last year [2][15] - After selling Cognosante, Kang shifted her focus to women's soccer, acquiring the Washington Spirit for $35 million in 2022, which was considered a high price at the time [6][17] - The Washington Spirit's estimated value has since increased to $130 million, reflecting a broader trend of rising valuations in the NWSL [7][9] Industry Trends - The NWSL is experiencing a valuation surge, with teams like Angel City FC selling for $250 million and expansion fees reaching $110 million [7][9] - Kang believes that women's soccer team valuations could reach or exceed $1 billion in the near future, driven by her investments and the growing popularity of women's sports [7][10] - The NWSL has secured significant sponsorship deals and media rights agreements, indicating a financial breakthrough for the league [23] Investment Strategy - Kang's investment strategy includes building training facilities for her teams and supporting female athlete biomechanics research [8][23] - She has established Kynisca Sports International Group to consolidate her soccer investments and improve operational efficiency across her clubs [22] - Kang's approach emphasizes the importance of women's sports as a viable business rather than a charitable endeavor [10][21]