Sign up today for the new CNBC Sport Newsletter Alexis Ohanian is expanding his investment portfolio in women's sports with a new stake in professional women's volleyball. League One Volleyball (LOVB) announced on Wednesday that Ohanian's investment firm, Seven Seven Six, will lead the ownership group of a new professional team, LOVB Los Angeles Volleyball. The investment comes as volleyball has seen rapid growth across all levels of play. Financial terms of the deal were not disclosed. "We're