500 and counting
From The GIST Sports Biz (hi@thegistsports.com)

Thanks for being here!
Welcome to the 500th edition of The GIST’s Sports Biz newsletter — we’re so happy to have you! Whether you’ve been with us since day one or you’ve recently hit subscribe, we appreciate how your readership allows us to tell important stories about the business of women’s sports.
- Keep scrolling for more insights on the women’s game and we’ll be back with more on Wednesday after a long weekend. Until then!
Women's soccer
⚽ Goal-setting

The GIST: On Wednesday, women athlete sponsorship platform Parity released a report on the distinct brand opportunity among women’s soccer fans. While we’ve known that soccer fans tend to create uniquely passionate communities, Parity’s survey uncovered just how much that camaraderie extends to sponsors.
- So, we chatted with Parity’s research director Dr. Risa Isard yesterday on what these findings mean for brands looking to get into the beautiful game.
The methodology: In April, Parity partnered with SurveyMonkey to survey around 2.4K adults in the U.S., narrowing the data set to 1K who watched women’s sports throughout the year and were considered women’s sports fans. While the data initially wasn’t exclusive to women’s soccer fans, Dr. Isard said that these fans overindexed on certain traits, prompting Parity to highlight these insights.
The fans: Parity found that 63% of U.S. soccer fans watch women's soccer, with 38% of them watching women’s and men’s soccer and 25% only following the women’s game. Among avid fans, 49% follow the NWSL, 45% watch MLS, 32% follow the Gainsbridge Super League (GSL), and 10% watch all three leagues.
The consumers: According to the report, women’s soccer fans tend to pay attention to athlete endorsements and are 34% more likely than other women’s sports fans to trust athletes “a lot.” Athlete product collabs are the primary way they want to see brands activate, with nearly half saying they would be likely to engage with brands that do so.
- Though categories like apparel, food and beverage, and health and beauty still lead the way, women’s soccer fans are noticing rookies. They’re 1.9x as likely to be aware of travel brands, 1.5x as likely to be aware of tech brands, and 1.4x as likely to observe banking, financial services, and insurance sponsors in women’s sports. Eyes on the prize.
The takeaway: North America is known for its Big Four men’s leagues, but soccer fandom is steadily building — and it’s not just the game that’s becoming more popular. Parity’s data shows advertising in soccer pays like no other sport, something brands should consider in the lead-up to upcoming FIFA World Cups and the NWSL’s and GSL’s combined year-round domestic calendar.
- As Dr. Isard put it, “women’s soccer was really kind of screaming in the data.” We’re listening.
WNBA
✨ Always on point

The GIST: This week, nailcare brand Orly celebrated its 50th anniversary by launching its first-ever sports partnership with the LA Sparks. As nailcare brands begin tapping on women’s sports, we enjoyed an in-depth conversation with Orly about how consumer trends and its LA roots led to this partnership.
- On Wednesday, Orly business development VP Tal Pink described how Orly is adapting its product and identity to appeal to the next generation. The brand has uniquely kept its scrappy startup energy, which aligns with women’s sports teams in their scale-up era. Nailing it.
The partnership: Orly is embracing tried-and-true tactics from other beauty partnerships, like Sparks-inspired glam kits and behind-the-scenes nailcare routines. LA players will also work with the brand to develop custom manicures, while Crypto.com Arena will debut a nail check cam.
💅 How Orly navigates shifts among today’s consumers:
“Younger consumers are drawn to press-ons, nail enhancements, and instant gratification. Traditional polish has had to fight harder for relevance, especially with the rise of influencer-driven brands that emphasize aesthetics over efficacy. Consumers are not necessarily splurging on salon manicures and are leaning into DIY, and even nail techs are sourcing their product from Amazon.”
“Being self-funded means you’re competing not only against the big conglomerates, you’re also fighting off the upstart “disrupters.” So you have to lean into your strengths which is being able to adapt quickly… We’re launching new offerings, we’re focused on specialty finishes that appeal to an online consumer and have brought more experiential elements to our brand.”
⚡ Why the LA Sparks partnership felt right:
“The LA Sparks are more than just a basketball team, they’re icons of strength, community, and unapologetic self-expression. That aligns perfectly with Orly’s ethos. We’ve always believed that nailcare isn’t just an accessory: it’s a reflection of who you are and how it makes you feel.”
“This partnership lets us celebrate that message on a bigger stage. As an LA–based brand, it’s incredibly meaningful to support a hometown team with a global footprint… Together with the Sparks, we’re showing the next generation that beauty and athleticism aren’t opposites: they’re both bold expressions of strength, identity, and self-belief.”
💊 Tennis legend Serena Williams is the face of a new campaign for Ro, a GLP-1 weight loss drug that’s flexing its appeal to a variety of consumers.
🔥 Women’s sports deal marketplace Trailblazing Sports Group launched Trailblazing Moments, which allows advertisers to buy incremental in-game ad inventory so sponsors can invest at scale.
🥒 Major League Pickleball team LA Mad Drops sold a majority stake at a record $13M valuation, topping the previous record of $10M. Slam dink.
🎾 Tennis star Coco Gauff leads women’s tennis players in prize money and endorsements ($35.2M) over the past 12 months.
🏀 The WNBA surpassed its all-time season attendance record with more than 2.4M fans across games — and there’s still one month left in the regular season.
📺 Yahoo Sports is launching Yahoo Sports Network, a FAST channel with original NFL, NBA, and MLB programming, but made no mention of women’s sports…yet.
🏐 Adidas inked an NIL deal with rising Nebraska volleyball star Harper Murray as the apparel brand builds up its roster of Cornhuskers.
🏟️ Bay FC is hoping to break the NWSL attendance record as it aims to draw over 35K fans to Oracle Park, home to MLB’s San Francisco Giants. Pitch perfect.
Here’s what passed The GIST squad’s vibe check this week:
💼 What’s in
Sports ownership. From athletes to celebrities, everyone with money wants a piece of a team. And amid soaring valuations, particularly in women's sports leagues like the NWSL, ownership is becoming a very savvy business move.
🎾 What to read
A love letter to tennis. Writer Zeynab Mohamed reflects on how stepping onto a tennis court transformed her relationship with movement, confidence, and community — even as a Black woman in a historically elitist sport.
🚨 What's alarming
This piece about stalking in sports. According to an investigation by The Athletic, matches are being interrupted, and players are acknowledging that fixated strangers are impacting their mental health and performance. Awful.
Today's email was brought to you by Aryanna Prasad Bhullar and Briana Ekanem. Fact checking by Bonnie Lee. Operations by Elisha Gunaratnam and Marga Sison. Ads by Katie Kehoe Foster, Alessandra Puccio, and Lisa Minutillo. Managing edits by Molly Potter and Ellen Hyslop. Head of content Ellen Hyslop.