On the right track
From The GIST Sports Biz (hi@thegistsports.com)
We have big news!
Quarterly wrap results are around the corner, with Nike releasing its own next Tuesday following a difficult quarter. The apparel giant saw its share drop nearly 40% in recent months, but has seen an uptick in share values under new CEO Elliott Hill.
- And as we wrap Q3 here at The GIST, keep your eyes (and inbox) open for some very special news from us later today. Cheers!
Track & field
🏆 On the right track
The GIST: In an exclusive conversation with The GIST yesterday, pro track competition Grand Slam Track’s (GST) director of athletes and racing Kyle Merber shared that the new league recently signed three Olympic medalists. As the Diamond League raises its prize money and Alexis Ohanian’s Athlos happens tomorrow, GST’s additions prove the sport is ripe for development — it just needs a little repackaging.
The context: GST was launched earlier this year by American track legend Michael Johnson and is set to begin in 2025. Currently, track athletes primarily compete in the Diamond League and the Continental Tour, but the sport is unique in that world-class athletes will also pop up at college events and all-comers meets, according to Merber.
The problem: Outside of the Olympics, track stars typically lack opportunities and exposure — Merber explained track’s biggest pain point is “visibility.” The sports calendar is packed with meets, but athlete availability varies and may be decided mere days before a race, leaving little time to advertise and build hype around specific runners.
- In turn, this affects how track is consumed. “It’s often a sport that’s enjoyed in retrospect,” Merber said, with fans often seeing interesting results and going back to watch the race instead of tuning in live like they do for the Olympics.
The signings: GST wants to fix this problem by guaranteeing top athletes at competitions four times a year. These participants will include newly-signed Paris 2024 women’s 100m hurdles medalists Masai Russell, Cyréna Samba-Mayela, and Jasmine Camacho-Quinn. They join seven other GST signees, including 400m hurdles world record holder Sydney McLaughlin-Levrone.
- GST’s moves capitalize on viral track moments: Russell’s narrow 100m hurdles victory garnered 1M views on NBC Sports’ YouTube, while McLaughlin-Levrone’s two record-breaking performances powered strong viewership at the Olympic trials and in Paris.
Zooming out: In 2019, track & field was the eighth most-followed sport in America, which the sport’s U.S. governing body wants to boost to fifth place by LA28. According to Merber, a big part of GST’s strategy is building fan familiarity with athletes so that by the next Olympics, everyone will be ready to root for the sport’s top stars — including sponsors and marketers.
- One major draw of GST is that aside from historic prize money, the league is offering group licensing and marketing opportunities to athletes, as well as brand building and content support. Signature shoes, incoming.
The GIST's Bracket Challenge
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🎟️ Caitlin Clark Effect already impacting StubHub ticket sales
Ticketing platform StubHub has early data proving that, as predicted, Caitlin Clark is definitely affecting this year’s WNBA postseason numbers. The company said first-round ticket sales are up 6x YoY and should surpass the 2023 WNBA Finals, which was the best-selling W championship series in Stubhub history.
- Clark and the Indiana Fever continue to be the biggest draw: The Fever’s first-round series against the Connecticut Sun is selling 6x higher than the next best-selling matchup. And the Fever’s first game? It sold more tickets than last year’s Game 1 of the WNBA Finals. Nothin’ but net.
🏟️ Nielsen publishes study sharing insights on Latinx sports fandom in the U.S.
Latinos in Sports commissioned a Nielsen study to gain insight into Latinx supporters of top sports leagues. It found Latinx fandom skews young, and that fans are 25% more likely to watch sports on streamers and 38% more likely to use TikTok for sports content compared to the overall population.
👀 WNBA may consider several additional markets for 16th franchise
On Monday, Sports Business Journal shared fascinating updates to the WNBA’s search for a city to host its 16th expansion franchise. In addition to Philadelphia, Nashville, Denver, and multiple bidders from South Florida, there are now several new interested sites like Milwaukee, Austin, Kansas City, Central Florida, Charlotte, and Cleveland.
- Some sources also believe the Connecticut Sun are considering a relocation to Boston following its TD Garden sellout, even though previous reports say otherwise. Is it time to park the team in Harvard Yard?
🇬🇧 Barclays renews title sponsorship of UK women’s pro soccer leagues
On Monday, Barclays extended its title sponsorship of the WSL and Women’s Championship for three years totaling $60.3M, doubling the value of the bank’s previous investment. It’s the first major deal for the leagues’ new parent company, Women’s Professional Leagues Limited (formerly known as NewCo), and is believed to be the largest in the history of UK women’s soccer. Minted.
⚽ NJ/NY Gotham FC became the first NWSL team to enjoy a White House visit, where President Joe Biden celebrated its 2023 championship.
🏀 Instagram is activating Easter eggs for the 2024 WNBA playoffs, including an emoji-driven game of pong and basketball emojis when keywords are mentioned. Hoop there it is.
💼 WNBA Toronto announced two new executive hires: Whitney Bell as its chief marketing officer and Lisa Ferkul as chief revenue officer.
🎙️ Starting in October, the New York Times will sell its audio subscriptions through Apple Podcasts and Spotify. Luckily, the best things in life are free.
👟 Fever star Aliyah Boston will feature in Adidas’ latest athlete-driven campaign, along with NFL quarterback Patrick Mahomes and NBA guard Anthony Edwards.
📱 TikTok revealed its new search ad feature, which allows brands to base targeted ads on users’ searches and not just the content they consume — something uncommon among social media apps, but utilized by Google and Amazon.
🏈 New data from polling firm YouGov shows the number of women NFL fans rose more than 4M since last September, and the Kansas City Chiefs specifically welcomed 3.4M new women supporters.
👗 Tennis legend Serena Williams and Oscar-winning costume director Ruth Carter announced their production of The Dress, a biopic about prolific Black designer Ann Lowe. Serving up looks.
Together With Canadian Women & Sport
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- Download It’s Time: Unlocking the Power of Pro Women’s Sports Fans to learn how to engage the 17M+ fans across Canada. It’s time to invest in women’s pro sports — are you in?
Recs from our roster!
⚾ Who’s safe at home
You, when you have help from Aflac supplemental health coverage. They pay cash for expenses like co-pays or rent that regular health insurance may not cover, so you can focus more on getting back in the game!*
🎧 What to check out
The GIST of It, of course. Our pod made Marketing Brew’s breakdown of the women’s sports audio revolution, so tune in today!
💪 Who to know
Nora Langdon. From struggling up stairs to smashing powerlifting world records, the 72-year-old is proving that age is just a number.
*This is a sponsored post. Ducks fly together.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.