Celebrity Parents Alexis Ohanian Says Daughter Olympia 'Doesn't Understand' She's the Youngest Co-Owner in Pro Sports Alexis Ohanian and Serena Williams' daughter Olympia, 5, became the youngest co-owner in professional sports when Ohanian became a lead investor in Angel City Football Club in 2020 By Lanae Brody Lanae Brody Lanae Brody is a former senior reporter of emerging content at PEOPLE. She left PEOPLE in 2023. People Editorial Guidelines and Georgia Slater Georgia Slater Georgia Slater is an associate editor on the Parents team at PEOPLE. She has been working at PEOPLE since 2018. Her work has previously appeared in USA Today and Washington Life Magazine. People Editorial Guidelines Published on March 27, 2023 11:56AM EDT Photo: Katharine Lotze/Getty; Alexis Olympia Ohanian, Jr./instagram Olympia Ohanian isn't fully aware of the role she plays in Angel City Football Club, a brand new National Women's Soccer League team in Los Angeles. Speaking exclusively with PEOPLE at the team's opener on Sunday, Alexis Ohanian, a lead investor in the team, shared that his 5-year-old daughter with Serena Williams "doesn't actually understand" her stake in the sport. Olympia memorably became the youngest co-owner in professional sports when her parents ensured she had a stake in the L.A.-based women's soccer team that Ohanian became a lead investor in 2020. "Right now all Olympia knows is that Angel City FC is our team, and she loves cheering for them," the tech entrepreneur tells PEOPLE. "I think as she gets older, maybe she'll come to see the different layers to it." "Obviously, being the youngest owner of pro sports is pretty fun, but she doesn't actually understand that she is the youngest owner in pro sports," he continues. "Try to keep that for as long as we can." 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' Daughter Olympia Plays Soccer with Angel City Football Club in Impressive Video Speaking about his work to bring a National Women's Soccer League team to L.A., Ohanian adds, "[Williams] and I both want to be great inspiration for our little girl." After becoming a lead investor in Angel City FC three years ago, Ohanian detailed how his daughter largely influenced the decision in an Instagram post. "As someone who spends hours kicking around a football with my two-year-old daughter, I want her to have a front row seat to this revolution. I'm personally investing on behalf of my family because creating more opportunities in women's sports is important to my wife @serenawilliams and me, and we want to be a part of making a better future for our daughter @olympiaohanian," he wrote. Since then, Olympia has taken the field with the Angel City Football Club during practices. Olympia showed off her impressive footwork on the field before scoring a goal with the team in an Instagram post in August. "Running with the Angels @weareangelcity@thinkbetterjair w the assist," read a caption accompanying the video.