Alex Morgan has officially rejoined San Diego Wave FC, not as a player, but as a minority investor, the National Women’s Soccer League (NWSL) club confirmed on May 13, 2025. The two-time World Cup champion and Olympic gold medalist is deepening her ties with the club she once captained, marking a significant milestone in her post-playing career.
Alex Morgan’s Investment in San Diego Wave FC Highlights Growing Influence in Women’s Soccer
Morgan’s minority stake in San Diego Wave FC comes eight months after her retirement announcement and the birth of her second child, Enzo. Since joining the club as its marquee signing ahead of the 2021 expansion season, Morgan has been a central figure in the team’s rapid rise in the NWSL. Her new role as an investor reflects a long-term commitment to shaping the future of women’s soccer and sports equity.
From Star Player to Strategic Investor: Alex Morgan’s Role in the NWSL
Beyond her playing career, Morgan’s investment is a testament to her expanding portfolio in women’s sports and business. She co-founded Togethxr, a media and commerce company promoting women’s sports visibility, and founded her own foundation dedicated to gender equity in San Diego. Additionally, through Trybe Ventures, her venture capital firm, Morgan supports women-led initiatives, including the new women’s professional basketball league Unrivaled.
San Diego Wave FC’s Evolution Amid Challenges and New Leadership
San Diego Wave FC, under the ownership of the Leichtman-Levine family, views Morgan’s investment as a powerful endorsement amid a period of transformation. After winning the NWSL Shield in 2023, the club faced significant upheaval, including the mid-season firing of head coach Casey Stoney, key player departures, and a lawsuit alleging a hostile work environment.
Since then, the Wave appointed Jonas Eidevall, former Arsenal manager, as head coach, revamped the roster with international talent, and is currently positioned fourth in the league table after a mixed start to the season.
What Alex Morgan’s Minority Ownership Means for San Diego Wave and NWSL Fans
Morgan’s transition from star athlete to minority investor symbolizes her dedication to fostering growth and stability at San Diego Wave FC and within the broader NWSL community. Her investment not only provides financial support but also sends a strong message of belief in the club’s vision and mission.
The Wave’s upcoming home game against North Carolina Courage on March 25 serves as a poignant reminder of Morgan’s lasting impact on the team and its fans.
