Kara Nortman talks Monarch Collective’s sports ownership portfolio and potential investment in England

Many Women’s Super League clubs are treated as “an afterthought” by their owners according to Kara Nortman, the co-founder of the women’s sport investment fund Monarch Collective and Angel City FC.

Monarch last month became the first women’s multi-sport group by buying a minority stake in Cleveland WNBA, the basketball franchise joining an ownership portfolio that includes the NWSL teams San Diego Wave and Boston Legacy, and the German club Viktoria Berlin.

Since Nortman co-created Monarch in 2023, four years after launching the NWSL expansion franchise Angel City with the actor Natalie Portman and businesswoman Julie Uhrman, she has held discussions with about a dozen clubs in England about investing without closing a deal.

Nortman declined to comment on the status of Monarch’s discussions with West Ham over buying a stake in their women’s team – revealed by the Guardian last year – but said finding the right partner in England had proved challenging.