National Women's Soccer League (NWSL) owners own a share in the National Women's Soccer League and have the right to operate a team. Players' rights to play in the league are controlled by a team. Each NWSL team has an investor-operator that is a shareholder in the league. The league has a profit-sharing arrangement amongst the teams. As of December 2020, the league has 11 investor-operators for its 10 current and one future clubs.