BUSINESS NEWS

August 17, 2023

Women’s sports investment deserves the same consideration tech receives

Amid volatility in some of business’ most high-profile sectors, facing ongoing economic uncertainty, investing in women’s sports this year is the most stabilizing investment one can make to create that balance. You just have to afford women’s sports the faith they’ve consistently, rightfully earned. Tech Crunch

August 16, 2023

NWSL’s Red Stars bought by female ownership group led by Cubs co-owner Laura Ricketts

An ownership group led by Laura Ricketts, co-owner of the Chicago Cubs and a minority owner of the Chicago Sky, agreed to buy the NWSL's Chicago Red Stars. Ricketts and the NWSL confirmed the sale in subsequent news releases but the deal is still pending and requires approval by the NWSL Board of...

August 15, 2023

DAZN acquires women’s soccer platform Ata Football

Sports streaming company DAZN has reached a deal to acquire women’s soccer content platform Ata Football. The acquisition will see DAZN further consolidate its women’s soccer offering, adding to its extensive rights portfolio that include the global rights to the Uefa Women’s Champions League (UWCL) and both the domestic and...

August 14, 2023

Denver investors making play for WNBA expansion team as league commissioner visits this week, source says

WNBA Commissioner Cathy Engelbert will visit Denver on Wednesday as the league assesses the city’s potential for an expansion team, possibly as early as 2025. The group, which includes Robert Cohen, chairman and chief executive officer of IMA Financial Group; Navin Dimond, CEO and co-founder of Stonebridge Companies, a hospitality...

August 3, 2023

lululemon Announces the Formation of Mental Wellbeing Global Advisory Board

VANCOUVER, British Columbia-- lululemon (NASDAQ:LULU) today announced the creation of a Mental Wellbeing Global Advisory Board to help the company develop best practices and influence a global conversation to improve mental wellbeing outcomes for both employees and communities around the world. The Advisory Board is comprised of 11 leaders representing...

August 3, 2023

Former NYC Marathon Head Named President of NWSL’s Gotham FC

Mary Wittenberg, the former president and chief executive of the New York City Marathon’s parent company has been hired as the new president of the National Women’s Soccer League’s Gotham FC. The team’s ownership group includes New Jersey Gov. Phil Murphy and his wife, Tammy. Strategic investors include NBA star...

August 3, 2023

Women’s Soccer Is Playing the Long Game

The US women’s team barely made it through the group stage at the World Cup, and for the owners of a major American soccer club, that’s a good thing. It suggests the game is becoming more popular around the world. Yahoo

August 2, 2023

Strava Rallies Communities to Strive for More™ Attention on Women’s Sports

SAN FRANCISCO and PORTLAND, Ore., Aug. 2, 2023 -- Strava, the subscription platform at the center of connected fitness, today announced its latest effort as part of its Strive for More™ initiative, a commitment to promote and support women in movement and sports. Jointly with TOGETHXR, a media and commerce company founded by world-renowned professional athletes Alex Morgan, Chloe...

August 2, 2023

UCI announces creation of second division of women’s professional cycling teams

The International Cycling Union (UCI) has announced plans to create a second division of women’s professional teams, a move that would bring the sport’s team structure in line with their male counterparts. The UCI women’s pro team division is set to come into the sport in 2025 and is due...

August 1, 2023

Prana Names Tricia Shumavon President

Columbia Sportswear Company announced that Tricia L. Shumavon will be joining the company as president of Prana. Shumavon most recently worked at Adidas in Europe where she was the global vice president of women’s, men’s, and kids sportswear apparel. She has also worked in merchandising with such companies as Nike, The...

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...