When you cover the sports business beat, you hear a lot of jargon — discounted cash flows, enterprise values, revenue multiple — usually from people trying to convince you that the amount they paid for a team is the result of a mathematical equation.

Reddit co-founder Alexis Ohanian has purchased a minority stake in Chelsea FC Women, giving him an ownership stake in two of the most-valuable teams in women’s sports.

Reddit co-founder Alexis Ohanian says he has bought a stake in Chelsea’s women’s soccer team. Ohanian, who is the husband of tennis great Serena Williams, announced on social media that he’s joining the Women’s Super League champions as an investor and board member.