Milwaukee Bucks superstar Giannis Antetokounmpo has expanded his investment portfolio by joining the ownership group of Chelsea Women's Football Club. This move sees the "Greek Freak" partnering with Reddit co-founder Alexis Ohanian as minority owners in the Women's Super League (WSL) team.

Antetokounmpo expressed his enthusiasm for the partnership, stating his pride in joining the ownership group and his excitement to contribute to the continued growth and impact of women's sports. He emphasized the ambition and legacy associated with Chelsea Women, highlighting the opportunity to push the game to new heights.

The ownership structure of Chelsea Women has undergone changes recently. In July 2024, control of the team was transferred to BlueCo, a holding company owned by Todd Boehly and Clearlake Capital, who also took control of Chelsea in 2022. This move separated the women's team from Chelsea FC Holdings Limited, potentially aiding the club in complying with Premier League financial regulations.

The decision to bring in external investment into Chelsea Women reflects a growing trend in women's sports, with increased recognition of its commercial potential. In May 2025, Alexis Ohanian joined the club as a minority investor, a move hailed as a "landmark day" for the team. CEO of Chelsea Women, Aki Mandhar, noted that Ohanian's investment validated the club's success and highlighted the persistent growth and potential of women's football.

Chelsea Women has achieved significant success on the pitch, including a record-extending sixth consecutive Women's Super League title. The club has also experienced substantial growth off the pitch, with increased commercial revenue and innovative matchday experiences. The investment from Antetokounmpo and others will enable the club to continue investing in facilities, resources, and its world-class squad and academy.

Giannis Antetokounmpo's investment in Chelsea Women follows a previous investment in the Los Angeles Golf Club (LAGC) of the TGL golf league in August 2023, where he joined an ownership group that included Ohanian and his wife, Serena Williams. His recent investment in the Chelsea women's team, however, has drawn scrutiny due to Todd Boehly's alleged connection to the Jeffrey Epstein case, though the emails exchanged were strictly business-related.

Despite the controversy, the addition of Antetokounmpo to the Chelsea Women ownership group underscores the increasing value and appeal of women's sports to high-profile investors. The move signals a continued commitment to the growth and development of the team, both on and off the field.