Stake and potatoes
From The GIST Sports Biz (hi@thegistsports.com)
Happy Wednesday!
Pickleball community, rejoice: the game is practically as American as apple pie. According to 2023 data, 13.6M Americans picked up a paddle, putting the sport on par with soccer (14.1M) and baseball (16.7M). This marks 52% growth YoY following astounding 86% YoY growth in 2022 as pro leagues sweat to keep up with demand.
Women’s sports
💻 All the way up
The GIST: This week, UK marketing agency Redtorch released its SportOnSearch 2024 report, which analyzes fan engagement with sports properties via Google Trends data. The findings show interest in women’s sports across the board — in fact, all women’s sports properties recorded growth in 2023. Keep reading for more key findings from the report.
⚽ The WSL is poised for exponential growth. The English women’s soccer league fielded a 258% increase in online searches, the most for any sports property. This means a higher jump in search interest than MLS, and that’s with the advent of Messi Mania and Apple’s 10-year broadcasting deal. Hello, leverage.
📺 Media rights make a difference. The UEFA Women’s Champions League (WCL) ranked in the top five for searches and experienced major growth after rights holder DAZN made all 2022-2023 games free to air. Growth in tournament interest was also driven by its six most popular teams, including FC Barcelona, Arsenal, and Chelsea.
📈 Women dominate the conversation. Six of the top 10 for search frequency increase were women’s sports properties. They included soccer’s NWSL, WSL, and UEFA WCL, as well as basketball’s WNBA and EuroLeague Women. Rugby’s Women’s Six Nations Championship — a new entry to the report — saw 59% growth YoY.
- This increase for the annual European women’s rugby tournament was driven by interest in the women’s Rugby World Cup and a trendy TikTok partnership. Like DAZN, coverage and investment from UK broadcaster BBC also boosted exposure.
🌎 Global sports stars create local interest. For global athletes participating in North American leagues, big wins generated interest back home. LPGA world No. 3 Lydia Ko from New Zealand and WTA world No. 1 Iga Świątek of Poland saw increased interest and searches in their home countries.
The takeaway: Heightened search interest in women’s sports usually happens around tentpole events like the Women’s World Cup and the Olympics, but the key is creating sustained engagement throughout the sports calendar. Gimme more.
NWSL
💰 Stake and potatoes
The GIST: Soccer tech company TOCA announced an extensive multiyear partnership with Angel City FC teammates (and sisters!) Alyssa and Gisele Thompson yesterday. While the Thompsons have secured groundbreaking deals in the past, this marks their first deal that includes an equity stake. Two can play that game.
The company: TOCA utilizes its uniquely calibrated soccer tech across its 40 indoor training facilities, the most for any North American company. In 2022, the company signed a 10-year deal to become the MLS’ official training partner, while also making the men’s soccer league an official shareholder.
The details: While investment details for the new partnership haven’t been disclosed, the Thompson sisters will represent the TOCA brand and encourage women and girls to participate in soccer at facilities that utilize the tech-informed training program.
The sisters: The teenage siblings are no strangers to historic firsts. Alyssa and Gisele were the first high school athletes to sign NIL deals with Nike in 2022, and Alyssa was the first high school player to go No. 1 overall in the 2023 NWSL draft.
- Beyond TOCA and Nike, the Thompsons also have a sponsorship deal with Stifel to promote the financial company’s focus on empowering teens and young adults through their fiscal decisions.
Zooming out: There’s a reason cutting-edge brands are gravitating toward the Thompson sisters. They’ve carved out names for themselves with their talent, but have also uniquely leveraged this into meaningful partnerships at a young age.
- Companies like TOCA and Stifel are playing the long game by involving two young phenoms before their stars rise even higher. It’s a safe bet to sign generational talent early — think Nike’s lucrative 27-year relationship with Tiger Woods that began when he was 20. Just do it.
Together With The GIST
🤯 Did you know?
Did you know that the most distinctive shift in sports in the last 50 years has been the rapid rise in the importance, influence, and value of female fans?*
Did you know that 80% of all consumer spending is controlled by women?**
Did you know that The GIST reaches one million newsletter subscribers, 85% of whom identify as women or nonbinary?
Did you know that you could grow brand love and affinity by aligning with a women-founded business that’s challenging the male-dominated sports industry?
If this sounds intriguing to you or your company, let’s talk.
* Data from Nielsen** Data from CNBC🎬 LPGA partners with Naomi Osaka’s production studio
Yesterday, the LPGA announced a partnership with Naomi Osaka’s production studio, Hana Kuma. The multicultural creative agency and media company has already produced an Emmy-nominated film since its June 2022 founding, and the LPGA venture will include brand development and content creation for eight lucky golfers.
🎤 Axios launches live programming for women’s sports business
News website Axios is further expanding its localized brand offerings and live programming slate through TN50: The business of women’s sports in partnership with Deep Blue, a new agency dedicated to expertise in women’s sports business. Following the 50th anniversary of Title IX, the collaboration will provide an outlook for the next 50 years of women’s sports.
- Mark your calendar for upcoming events from the partnership like the 2024 Business of Women’s Sports Spring Summit on April 23rd in NYC. Front row tickets, please.
🏀 Political shifts and new leagues keep WNBA athletes in the U.S.
Around half of the WNBA’s 144 players played internationally this offseason, marking a decline from the more than 60% who went overseas in the late 2010s. While geopolitical factors in Russia and Israel have influenced that percentage, the biggest factor seems to be the rise of domestic offseason league opportunities like Athletes Unlimited.
👕 The NWSL and Nike teamed up for a league-wide kit refresh with primary and secondary uniforms for all 14 teams, a first for women’s pro soccer.
🏟️ Chicago Red Stars ownership is meeting with Illinois state reps this week to seek taxpayer funding for stadium renovations amid the ongoing push by the Chicago Bears and White Sox. Move over, boys.
🍫 Snickers inked a partnership with the Washington Spirit that includes branding on jersey sleeves, in-game signage, and social integrations.
🧢 Amid its MLB uniform fiasco, Fanatics is eliminating over 100 jobs in order to restructure its operating model and resolve redundancies after several acquisitions in recent years.
🌊 The NWSL’s San Diego Wave extended and expanded its partnership with 24 Hour Fitness, while the Red Stars announced a Wintrust sponsorship making the financial corporation its new front-of-jersey partner and community outreach investment partner.
🏛️ Debt-saddled Diamond Sports Group — the RSN operator overseeing Bally Sports — was awarded $450M in debt financing on Monday. Today was a good day.
📺 ESPN and the men’s United Soccer League (USL) reached a new multiyear media rights renewal agreement as the women’s USL Super League prepares to launch.
Peep our squad’s MVPs (Most Valuable Picks):
🏀 What to check out
This airless basketball from Wilson. It’s truly otherworldly (and incredibly expensive).
⚽ Who has the power
Fans. Bundesliga, Germany’s top soccer football league, just scrapped an investment deal worth billions after fans protested, fearing that the deal would lead to further commercialization of the football industry.
🏎️ What to watch
Drive to Survive. Get revved up for an adrenaline-fueled new season, now streaming. Vroom vroom.
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