People.com Celebrity Parents Serena Williams Reveals Daughter Olympia, 2½, Is Part Owner of a New Women's Soccer Franchise Serena Williams tagged her daughter Olympia in a Tuesday Instagram post to share the exciting news By Jen Juneau Jen Juneau Twitter Jen Juneau is a digital news writer for PEOPLE. A '90s teen and horror film connoisseur, she started at the brand in 2016, after a decade of working as a technical writer and then moonlighting as a journalist beginning in 2013. Originally from New Orleans, Jen grew up both in NOLA and Florida and eventually attended the University of Central Florida in Orlando (still her home base!), where she earned a bachelor's in English/technical communication, with a minor in magazine journalism. People Editorial Guidelines and Jason Duaine Hahn Jason Duaine Hahn Website Jason Hahn is a Human Interest and Sports Reporter for PEOPLE. He's worked at PEOPLE's Los Angeles Bureau as a writer and reporter since 2017 and has interviewed the likes of Kobe Bryant, Arnold Schwarzenegger and Tom Brady. He has a B.A. in English from the University of California, Berkeley, and a Master's degree in Journalism from Columbia University. He previously worked for Complex Magazine in New York City. People Editorial Guidelines Published on July 23, 2020 11:51 AM Share Tweet Pin Email Serena Williams and daughter Olympia. Photo: Olympia Ohanian/Instagram Alexis Olympia isn't even 3 yet, but her business portfolio is already more impressive than many adults'! Serena Williams shared on her Instagram Story Tuesday that her 2½-year-old daughter with husband Alexis Ohanian is part owner in a forthcoming National Women's Soccer League franchise: WFC LA/Angel City. "Proud Owner Angel City," read the text on the image shared by the tennis legend, alongside photos of a soccer ball and her toddler. "A new era of sports & entertainment in Los Angeles." "Building a women's football club that lives up to to its name ... Angel City," it concluded of the upcoming Los Angles-based team, which is being led in part by Ohanian and actress Natalie Portman. Williams, 38, tagged her daughter in the post — which was cross-shared to Olympia's own Instagram feed. Never miss a story — sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories. Serena Williams Confirms She Will Play at 2020 U.S. Open: "Cannot Wait to Return to New York" Also on Tuesday, the NWSL awarded a group led by Portman the rights to form a franchise in L.A., home to the second-largest sports market in the country. While the team — set to reveal its name later this year, and currently referred to as WFC LA/Angel City — is still in its early stages, there's already an impressive list of names attached. Along with Portman, 39, the group of majority women founders includes venture capitalist Kara Nortman, OUYA founder Julie Uhrman, lead investor and Reddit co-founder Ohanian and actresses Uzo Aduba, America Ferrera, Jennifer Garner, Eva Longoria and Lilly Singh. Among others, a collection of more than a dozen former women's soccer players have also invested, including Mia Hamm, Abby Wambach and Lauren Cheney Holiday. Portman was initially inspired to take a closer look at the NWSL after she was introduced to players by Becca Roux, the executive director for the USWNT Players Association. "We started going to games, and we quickly became really passionate fans of the sport," the Oscar winner told PEOPLE earlier this week. "But we slowly started seeing that it wasn't getting the celebration it deserved." Citing a study that found women's sports only receive four percent of sports media coverage, the actress and mother of two explained that she believed there was an opportunity to transform how women's soccer is perceived in America — and she knew she wanted to play a part. "We just started thinking about, what if there was a team in L.A.? We're the center of entertainment in this country for media," she recalled. "What can we do to change the way people are paying attention to this sport? Obviously, the players themselves have been incredible and have brought so much attention, but everything hasn't always followed their success and their popularity." Natalie Portman. Roy Rochlin/Getty RELATED VIDEO: Serena Williams Will Return to Competitive Tennis 5 Months After Giving Birth to Daughter "We started building this group, and then Alexis came on as our lead investor," the Black Swan star said of Ohanian, 37. "Then we started gathering a group of incredible people, majority women, to be in our ownership group. Now we're going, and it's really, really exciting." Ahead of its spring 2022 debut, the franchise has partnered with the LA84 Foundation, a nonprofit created following the 1984 Olympics in Los Angeles. The institution has supported sports programs for girls and underserved people around the city — including minority communities, the physically challenged and developmentally disabled — through its Play Equity Fund. While Portman never imagined she'd one day be at the helm of a professional sports team, she's embraced the role and how her team can inspire the next generation of female athletes. "I see what an important role sports have in children, in terms of what they spend their time doing and their friendships," she told PEOPLE. That's one of the reasons why the V for Vendetta actress and the team's founders feel building a new franchise is so important — to inspire Los Angeles area youth with a team of female soccer heroes to call their own, and celebrate them they way they deserve to be. "[We want to] expand those sports heroes — and those sports modeling behaviors — to have women in those positions, too," Portman said. "To celebrate women at the same level as the way we celebrate male athletes is culture-shifting."