BUSINESS NEWS

July 29, 2023

Women are finally racing in a Tour de France—here’s what took so long

The day before the start of the Tour de France Femmes on July 23, professional cyclist Ashleigh Moolman Pasio was lying on a massage table in Clermont-Ferrand, France, marveling at the amenities around her. Thanks to the sponsors of her cycling team, AG Insurance – Soudal Quick-Step, she would be...

July 21, 2023

World Cup Media Rights Are the Key to Equal Pay

Since FIFA began hosting women’s World Cups in 1991, the international soccer governing body had always sold those broadcast rights in a bundle with the men’s tournament. It was giving away the women’s game as a free extra, a perk. Now, for the first time in history, FIFA has unbundled...

July 20, 2023

Female soccer players earn 25 cents to the dollar of men at World Cup, new CNN analysis finds

Soccer players at the 2023 Women’s World Cup will on average earn just 25 cents for every dollar earned by men at their World Cup last year, a new CNN analysis found. The gender pay gap will be very much alive and kicking at a tournament which begins on July 20 in Australia...

July 20, 2023

Who Are The Highest-Earning Players At The 2023 FIFA Women’s World Cup? Where Do Alex Morgan And Megan Rapinoe Rank?

As the world’s eyes fixate on the spectacle of the 2023 FIFA Women’s World Cup, we’re turning our attention to an equally intriguing aspect of the game – the financial scorecard. Just who are the top-earning athletes taking to the pitch this year? The Sports Daily

July 18, 2023

Visa and U.S. Soccer Announce Multi-Year Partnership Extension Ahead of FIFA Women’s World Cup 2023™

Visa and the U.S. Soccer Federation (USSF) announced a renewed partnership agreement to remain the exclusive payment services partner of the U.S. Women’s and Men’s National Soccer Teams, while providing unique benefits to cardholders through 2028. Businesswire

July 18, 2023

‘Disappointed’ Lionesses pause dispute with FA over World Cup bonuses

With no sign of a breakthrough, the England squad has paused discussions with the FA hold to focus on the World Cup, ahead of their opening game against Haiti on Saturday. Players are unhappy that some rival countries, such as the United States, are set to receive performance-related bonuses from their national...

July 18, 2023

Liv Racing-TeqFind to be merged with Jayco-AlUla, development team created

Jayco-AlUla and Liv Racing-TeqFind will be merged into one Women's WorldTeam in 2024, combining under the Australian squad’s GreenEDGE umbrella and forming a new development squad to run alongside the combined top-tier women's team. The two Liv sponsored Women’s WorldTeams are being brought together with the stated aim of creating...

July 17, 2023

Women’s World Cup Puts Prize Money Disparity In Spotlight

Australia’s national women’s soccer team has called out FIFA for offering far less prize money at the Women’s World Cup than it does the men’s event — just days before the 2023 edition begins in their home nation and New Zealand on Thursday. FOS

July 17, 2023

NBC Sports’ “Uphill Climb” Presented by Shimano, Story of Trailblazing Women of the Tour de France in 1980s – Available Now Exclusively on Peacock

(July 17, 2023, Los Angeles CA) /ENDURANCE SPORTSWIRE/ - “Uphill Climb: The Women Who Conquered The Impossible Race,” presented by Shimano, an original documentary about one of the most significant yet lesser-known stories in sports, is available now exclusively on Peacock in the United States. The story was produced in...

July 14, 2023

Lululemon Lays Off 100 Employees as It Reorganizes Studio Business

Lululemon has laid off about 100 employees as the company restructures its Studio business, a company spokesperson confirmed to FN. The cuts stemmed from Lululemon’s decision to “fully integrate” the recently launched fitness platform within Lululemon, the spokesperson said in a statement, adding that a majority of impacted employees were...

July 10, 2023

WNBA’s Breanna Stewart and Napheesa Collier launching offseason basketball league

The New York Liberty’s Breanna Stewart and Napheesa Collier of the Minnesota Lynx are launching a new women’s basketball league to give Women’s National Basketball Association (WNBA) players the chance to play domestically in the offseason rather than abroad. Stewart and Collier told ESPN that the new league, called ‘Unrivaled’, will run from January...

July 10, 2023

Meet the woman who helped bring four U.S. Women’s Opens to Pebble Beach

The fact that three additional U.S. Women’s Opens (2035, 2040, 2048) are now on the calendar is due in part to Pebble Beach Company co-chair Heidi Ueberroth. A power player in sports business for decades, Ueberroth currently serves as president and managing partner of Globicon, a private investment and advisory...

July 10, 2023

Women’s sport investment – where is the money coming from?

A recent report carried out by The Sports Consultancy and accountancy and business advisory firm BDO concluded that women’s sport properties could be a better long-term investment than their male equivalents. The theory is that there is more scope for audiences to grow, plenty of time for media rights revenue...

July 7, 2023

Women’s professional hockey finally has a unified league. Now what?

The Professional Women's Hockey Players' Association (PWHPA) ratified a collective bargaining agreement (CBA) with the Walter group to begin a new unnamed pro league in January 2024. There will reportedly be six teams evenly divided between Canada and the U.S., with player salaries ranging from $35,000 to $80,000 US. Included in...

July 6, 2023

National Cycling League Announces New CEO

/SPORTSWIRE WOMEN/ - The National Cycling League (NCL) has brought on experienced sports veteran Andrea Pagnanelli as Chief Executive Officer. “Andrea has been tremendous in building our vision for 2023 and has learned the business inside and out. Andrea's extensive experience working at the intersection of business and sports makes...

June 29, 2023

Candace Parker Wants WNBA Players to Become Team Owners

Two-time WNBA MVP Candace Parker has her eye on team ownership as she embarks on the twilight of her playing career. Now in her 16th season, Parker intends to build upon her ownership portfolio, including a stake in NWSL club Angel City FC. FOS

June 21, 2023

Pippa Mann Wants More Women in Motorsports—And She’s Making It Happen with Shift Up Now

The British racing driver is leading an organization that is working to provide support and funding for women in F1 feeder series, IndyCar, endurance racing and more. SI

June 14, 2023

Sweaty Betty has a new global brand president

Wolverine World Wide Inc. has appointed Melissa Mullen as global brand president of Sweaty Betty, a women’s activewear brand it acquired in August 2021. Mullen previously worked at Nike for more than eight years in a variety of e-commerce and merchandising roles across Europe, Asia and North America. She most...

June 14, 2023

Threat of Women’s World Cup blackout averted after terrestrial TV deal agreed

European viewers will be able to watch every match of the Women’s World Cup in Australia and New Zealand live on terrestrial television this summer after threats of a tournament blackout were averted. With the tournament five weeks away, broadcasters finally reached a compromise deal with Fifa on Wednesday when...

June 13, 2023

USC to Build $38 Million Women’s Soccer, Lacrosse Stadium

USC’s women’s soccer and lacrosse programs are getting a new $38 million home called Rawlinson Stadium. The stadium is set to open in 2025 and will more than double the seating capacity for fans compared to the school’s current women’s soccer and lacrosse field. The Fritz B. Burns Foundation donated...

June 11, 2023

Women’s Super League revenue grew 60% in 2020-21 season on broadcast, commercial deals, Deloitte says

Women's Super League (WSL) clubs recorded revenue growth of 60% for the 2020-21 season, driven by a rise in commercial agreements and a new broadcast deal, according to analysis from Deloitte published on Monday. The 12 clubs in the English top flight generated 32 million pounds ($40 million) in aggregate...

June 8, 2023

Williams Sisters, Ohanian Buy First Tiger-McIlroy Golf Team

Alexis Ohanian and Serena and Venus Williams have purchased the first club in TGL, the new Monday night golf league backed by Tiger Woods and Rory McIlroy. The new team, called Los Angeles Golf Club (LAGC), is one of the inaugural six that the league is planning to auction before...

June 8, 2023

How Lululemon took on Nike to become a Fortune 500 company and $8 billion athleisure empire

Lululemon’s branding as a hip retailer targeting a wealthy clientele has been vital to its growth, hence why the company is credited with the invention of “athleisure,” at the intersection of good fit and high-quality fabrics. It’s slowly expanded into menswear and, more recently, golfing and hiking clothes. And it’s...

June 7, 2023

Chicago Sky valued at US$85m after investors acquire 10% stake

The WNBA's Chicago Sky have been valued at US$85 million after a ten percent stake in the team was sold to a group of eight investors. High-profile female investors include Laura Ricketts, co-owner of Major League Baseball’s Chicago Cubs, as well as Foot Locker’s chief executive Mary Dillon. Laura Desmond, chief executive of digital advertising...

June 7, 2023

All players at Women’s World Cup to get at least $30,000 in prize money; winners to get $270,000

Every player at the Women’s World Cup will be paid at least $30,000 by FIFA, and the 23 players in the title-winning team will each get $270,000. The details confirmed Wednesday by FIFA fulfils a promise made in March to financially reward the 732 players taking part in the July...