Here for the hype, man
From The GIST Sports Biz (hi@thegistsports.com)
Hi there!
Tomorrow marks the beginning of the quarter-finals stage for women’s soccer in Paris, which the CanWNT miraculously managed to qualify for despite a six-point reprimand for its drone-spying scandal.
- It’s also the last day to sign up for our women's soccer bracket, which has a variety of Apple products up for grabs if you finish on the podium. Just wanna drive.
Olympics
👀 Pulse check
The GIST: The Olympics are well underway, but there’s still key emerging data around the Games that can inform future marketing strategies. Sponsorship insight platform SponsorPulse analyzed demographic data from four different countries — the U.S., Canada, U.K., and France — and offered insights on the audience tuning in to Paris 2024.
The metrics: To determine which demographics are most open to brand messaging around the Olympics, SponsorPulse assigns groups an opportunity score, which combines seven key metrics including what sports fans engage with, how intensely they follow sports, and their favorability about brands sponsoring sports. Let’s dive in.
💥 Fierce Olympic fandom faces little competition in Canada and France, especially compared to the U.S. and UK. Fans of the Winter Olympics rank only behind NHL fans in Canada, while French supporters of the Summer Games only trail those tuning into the Tour de France.
- Meanwhile, the Summer Games rank sixth in opportunity score among U.S. fans and eighth among those in the UK, which is essentially dominated by soccer. A clean (data) sheet.
🎾 Those who play tennis, basketball, and hockey are primed to engage with the Olympics. Additionally, people with larger incomes drew higher scores in the U.K. and France, while men over the age of 50 recorded high scores in Canada and France.
✨ Those who tuned into award shows or bought high-performance athleticwear are more likely to tune into the Games. Unsurprisingly, people who purchased sporting goods were also primed for Olympic messaging, and in the U.S. and U.K., those involved in the metaverse and NFT space were especially ready for Olympic crossovers. Know your customer.
Olympics
⏰ Here for the hype, man
The GIST: Flavor Flav’s support of the U.S. women’s water polo team has been the feel-good story of Paris 2024. The iconic rapper’s long-term financial investment in the team and in women’s Olympic sports in general shows the power individual celebs have to drive media coverage and sponsorships to help level the playing field.
U.S. Water Polo: In May, team captain Maggie Steffens posted about athletes on the three-time gold medal squad needing to work second (and sometimes even third) jobs to sponsor their Olympic dreams. Flav’s manager shared the post with the rapper, who publicly pledged his support in a comment on Steffens’ post.
- Flav lived up to his promise, sponsoring the women’s and men’s national teams in a five-year deal and agreeing to be their official hype man, which includes collaborative social posts that garner high engagement numbers. The partnership also offers a $1K bonus for each women’s team player and a spot on a Virgin Voyage cruise. All aboard.
- After joining a women’s team practice for an NBC segment, Flav traveled to Paris to cheer them on and bring attention to the squad alongside other enthusiastic famous fans, including legendary women hoops coach Dawn Staley, first lady Jill Biden, and director Spike Lee.
Veronica Fraley: Yesterday, Team USA discus thrower and Vanderbilt student Veronica Fraley shared frustrations about the disproportionate support for college football players. Once again, Flav saved the day by offering to cover Fraley’s rent, which helped her post go viral and gain the attention of entrepreneur Alexis Ohanian, who pitched in $7,760 (as a callback to his firm, 776 Ventures).
Zooming out: As Steffens noted, for most Olympians, going for gold doesn’t always result in gold, especially for women. A 2023 Wasserman study found that 90% of partnership dollars go toward men’s sports despite male athletes reporting 50% less engagement, a stat that has been consistently affirmed in data on the marketability of women athletes.
- But this decade has proven how innovators can close the gap when media and sponsors fail to. Flavor Flav, Parity, and Ally Bank are a few entities who have put their money where their mouth is when it comes to showing up for women athletes. Y’all know what time it is.
Together With Smalls
The Taylor Swift economy has brought us so much, including the reclamation of the cat lady narrative. And what are empowered feline parents feeding their kitties? Smalls fresh cat food.
- Whether your cat is a Blue Russian, Maine Coon, or simply a kooky little guy, Smalls’ recipes are sure to satisfy because they’re packed with proper nutrition without any preservatives.
- Smalls offers first-time customers a 40% discount, by using code THEGIST20. Paws-itively purrfect.
💼 Unrivaled offers historic league equity to UConn star Paige Bueckers
Yesterday, new 3x3 women’s basketball league Unrivaled signed a unique NIL deal with UConn star Paige Bueckers. The partnership is the first to offer league equity to a college athlete, although equity deals are becoming more common for brand sponsorships at the pro level.
- Sports drink BodyArmor offered equity when signing WNBA star Skylar Diggins-Smith as an ambassador in 2014, while nutritional brand Honey Stinger added 10 pro athletes to its ownership group in 2022.
💰 WNBA expected to net over $3B with two additional deals in the works
After the league finalized new media rights deals, Front Office Sports (FOS) confirmed the WNBA is expected to pull a total of more than $260M in media rights deals annually, for a total that will top $3B across 11 years. FOS also indicated that the W is expected to renew partnerships with Scripps and CBS when their deals expire in 2025. Can’t stop, won’t stop.
🤝 Overtime Select girls’ basketball tournament announces eight inaugural partners
Adidas, J.P. Morgan, E.l.f. Cosmetics, and State Farm are among the eight inaugural partners supporting elite high school girls’ basketball league Overtime Select as it kicks off in Atlanta, Georgia, this week.
- Adidas, E.l.f., and State Farm already have a WNBA presence, while J.P. Morgan has local hoops ties with the NBA’s Atlanta Hawks, but this new partnership offers brands key access to Overtime’s young, Gen Z audience.
📺 The Paris 2024 women’s gymnastics team finals averaged 12.7M viewers, more than every 2024 NBA Finals game and the first round of the 2024 NFL Draft. F.A.A.F.O.
📈 Shares of sports data firm Genius Sports jumped over 25% in July after the company signed a recent deal to provide ad tools around user data on X.
🏛️ San Diego Wave FC president Jill Ellis is suing a former Wave employee for defamation after she alleged Ellis created an abusive work environment in San Diego.
🏈 NFL stars Odell Beckham Jr. and D.K. Metcalf starred in a Lululemon loungewear ad as the brand targets men in an effort to boost sales.
🧀 Italian gymnast Giorgia Villa’s cheesy sponsorship with the Parmigiano Reggiano Consortium has gone viral after she helped Team Italy win a historic silver in team artistic gymnastics. Big parma strikes again.
Together With Boardroom
Co-founded by NBA star Kevin Durant and entrepreneur Rich Kleiman, Boardroom is a media network that covers the business of sports, music, and entertainment. From emerging leagues (pickleball, anyone?) to new tech, they’re committed to offering a unique perspective on how athletes, musicians, creators, and executives are moving the business world forward.
- Sign up for their daily newsletter, HeadlineToGo, to get an inside look at the Boardroom universe.
Peep our squad’s MVPs (Most Valuable Picks):
🏆 What to pay attention to
Women-led sports nonprofit Ico For All, who are fighting to include women in the decathlon. This weekend, the Women’s Decathlon World Championships, presented by Oiselle, will take place in Ohio, coinciding with the men’s Olympic event in Paris — where women still can’t compete.
- Cheer on the women's decathletes this weekend, and sign-up here for a chance to win a $500 giftcard from the Championships' presenting sponsor, Oiselle.
🏎️ Who’s stylish
Lewis Hamilton. Fashion house Dior teamed up with the F1 driver and brand ambassador to create a signature capsule collection launching in October. Call it Fantastique-1.
🎟️ How to upgrade your fandom
With Momento. Track every live sporting event you attend with their app to create your very own sports scrapbook. Memories last forever.
Today's email was brought to you by Aryanna Prasad and Briana Ekanem. Fact checking by Bonnie Lee. Editing by Dee Lab. Operations by Elisha Gunaratnam and Lisa Minutillo. Ads by Katie Kehoe Foster and Alessandra Puccio. Managing edits by Molly Potter and Ellen Hyslop.