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2023 NWSL Championship Snapdragon Stadium
Photo by Amber Searls-USA TODAY Sports

NWSL

The National Women’s Soccer League (NWSL) was established in November 2012 after its predecessor, the Women’s Professional Soccer league, folded earlier that year. The league started with eight teams and has since expanded to 14 teams. The NWSL’s newest franchise is Bay FC, currently in its first season of play, which is mostly owned by private equity giant Sixth Street. (NWSL owners codified new rules at the beginning of 2024 to clarify private equity funds invested in teams.)

The NWSL plays its regular-season games from March to November each year, and the top eight teams qualify for the postseason, a single-elimination tournament culminating in the NWSL Championship to determine the league's winner.

Jessica Berman has been commissioner of the NWSL since 2022. During her time leading the league, the NWSL has experienced growth in attendance and viewership, and has added teams in new cities.

Angel City FC is the league’s most valuable franchise—worth $180 million, according to Sportico’s 2023 valuations—and the average NWSL franchise is worth $66 million.

League Information

Name

National Women's Soccer League

Commissioner

Jessica Berman

Reigning Champion

NJ/NY Gotham FC

First Season

2013

Number of Teams

14

Most Valuable Team

Angel City FC ($180 million)

Least Valuable Team

Chicago Red Stars ($40 million)

NWSL

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