The David Rubenstein Show Michele Kang
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Oct 16, 2025 
Michele Kang, a serial entrepreneur and investor, has transitioned from building a health-IT company to owning women's soccer clubs globally. She discusses how a simple investment in the Washington Spirit grew into a mission to empower female athletes. Kang highlights the profitability potential in women's sports and the emerging interest from investors. She addresses the gaps in women's sports equipment and training, and passionately advocates for treating women's sports as a legitimate business, not just a charity.
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Serendipitous Entry Into Soccer Ownership
- Michele Kang stumbled into women's soccer ownership after attending a celebration for the USWNT World Cup win in 2019.
- She joined initially as a minority investor and mentor without planning to run multiple global teams.
Profit Trajectory Mirrors Men's Teams
- Women's teams are not broadly profitable yet but can reach break-even with time and investment.
- Michele compares early women's team economics to many men's teams that rely heavily on media deals to be profitable.
Washington Spirit: Strong Attendance And Roster Size
- Washington Spirit plays at Audi Stadium with a 19,215 sellout and recently sold out playoff games with standing room only.
- The roster counts about 25–26 players drawn historically from the U.S. college draft system.