💸 Net profit
Caitlin Clark’s continued March Madness presence driving women’s basketball economy
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Instead of letting women’s March Madness’ media rights hit the market, ESPN renewed its NCAA deal in January — and it’s already paying dividends. While many stars have been knocked out of this year’s tournament, Iowa’s presence in the Final Four will likely have networks and advertisers rooting for Clark to win it all.
April 03, 2024
⚽ The whole kit and caboodle
Ally expands its investment in The Soccer Tournament through new partnership
Women’s sports heavy-hitter Ally announced its latest major partnership yesterday, becoming the official retail banking partner of The Soccer Tournament (TST). Expanding on its previous investment in TST’s inaugural tournament last year, the new sponsorship brings Ally another step closer to reaching its 50/50 Pledge by the end of 2027.
March 29, 2024
🏀 A meeting of (like) minds
Inaugural Girls Summit brings together major sponsors for girls’ basketball in NYC
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Basketball nonprofit PeacePlayers is hosting its first-ever, in-person Girls Summit event in NYC this weekend. Big brand stars are showing up to support girls in sports during the event, which is a meaningful investment in community and brand equity.
March 29, 2024
🏀 Earning her stripes
Caitlin Clark expected to influence the WNBA the way Tiger Woods changed golf
Caitlin Clark is leading Iowa through March Madness as she broke another scoring record on her way to this weekend’s Sweet 16. As she draws GOAT comparisons, people are also recognizing her potential to transform the business of women’s basketball — WNBA CMO Phil Cook recently told SportsPro that she’s the next Tiger Woods.
March 27, 2024
🐭 The big cheese
Billionaire Nelson Peltz continues fight for control of Disney board
Over the past few months, billionaire investor (and Brooklyn Beckham’s FIL) Nelson Peltz has been fighting to influence the future of Disney by joining its board. Peltz’s latest battle in the shareholder proxy war could have ramifications for leading sports media network and Disney cash cow ESPN, which has plans to go direct-to-consumer by next year.
March 27, 2024
🏀 Watch the throne
New data illustrates Caitlin Clark’s dominance in the college basketball conversation
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While official data points from women's March Madness have yet to drop, there’s a general consensus building that the women’s tournament is more compelling than the men’s. A recent Seton Hall Sports Poll (the first and only university-based poll on the sports industry) reflects the rising popularity of women’s college basketball.
March 25, 2024
📚 The Angel City edit
Angel City FC kicks off Wikipedia edit-a-thon event in LA
Last Saturday, Angel City FC, the Los Angeles Public Library, and Wikipedians in the LA area hosted a one-day Wikipedia edit-a-thon in celebration of Women’s History Month. The at-capacity event allowed local residents to contribute their Angel City knowledge to the world’s largest, community-driven encyclopedia.
March 25, 2024
⚽ The Cup runneth over
NWSL announces new intraleague competition with Mexico’s Liga MX Femenil
After a successful inaugural W Gold Cup, the NWSL and Liga MX Femenil — Mexico’s top pro women’s soccer league — will compete in the first-ever NWSL x Liga MX Femenil Summer Cup this year. Similar to Europe’s UEFA Women’s Champions League, it further proves the viability of international women’s soccer tourneys in the Western Hemisphere.
March 22, 2024
📈 Raising the bar (graph)
SponsorUnited shares new data proving the favorability of women athletes in NIL sponsorships
A recent SponsorUnited NIL report on the 2023-24 season details how women college athletes are taking over the NIL space as they see a higher percentage of deals per athlete and increased social engagement compared to men. Here are some of the most telling numbers that prove women athletes are ideal brand ambassadors.
March 22, 2024
💸 A total sellout
Women’s March Madness sells out of advertising with projected $25M in sales
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As of this week, women’s March Madness ads are effectively sold out. It’s estimated that Disney — the network that owns the women’s tournament — could generate more than $25M in ad sales revenue this year, up from the estimated $19.4M ESPN and ABC made during last year’s tourney.
March 22, 2024
💸 Making it Reign
Seattle Sounders and Carlyle Group agree to purchase Seattle Reign FC for $58M
Private equity (PE) giant Carlyle Group and MLS' Seattle Sounders agreed to purchase Seattle Reign FC for $58M, up from the NWSL club’s $49M October valuation. After the surprise sale of the San Diego Wave for $120M, this makes Reign FC the second NWSL team sold within a week, with both fetching more than their previous valuations.
March 20, 2024
💰 Need a Minute?
Minute Media acquires Sports Illustrated publishing rights for 10 years
On Monday, international media conglomerate Minute Media (MM) struck a multiyear licensing deal with Sports Illustrated (SI) owner Authentic Brands Group for digital and print rights over the next 10 years. While financial terms were not disclosed, Authentic Brands obtained equity stake in MM through the deal.
March 20, 2024