The Women's United Soccer Association is being formed by a group of U.S. media companies, individual investors and U.S. female soccer stars. The new pro league, scheduled to launch in spring 2001, will use $40 million-plus in planned financing to create at least eight teams during the first five years of WUSA operation. John S. Hendricks, chairman-CEO of Discovery Communications, organized the investment group and will serve as WUSA chairman. Other investors beside Mr. Hendricks include Comcast Corp., Cox Communications and Time Warner Cable. Founding players include Mia Hamm, Brandi Chastain and Julie Foudy.
Copyright February 2000, Crain Communications Inc.