Only time will tell
From The GIST Sports Biz (hi@thegistsports.com)
Hope you had a great weekend!
Madison Keys certainly did. The 29-year-old American won the Australian Open (AO) on Saturday, defeating two-time AO champ Aryna Sabalenka to secure the record-breaking $2.2M prize. In her first Grand Slam victory since going pro in 2009, the win puts Keys at over $21M in total earnings and may have rewritten the course of her career. Who doesn’t love an underdog?
PWHL
🏒 A full house
The GIST: A new report from Front Office Sports revealed that PWHL attendance has risen about 30% thus far compared to last year’s average, but the gains aren’t being felt everywhere. While neutral site and Canadian games have drawn higher-than-average crowds, U.S. attendance remains flat YoY, which could have ramifications on the PWHL’s expansion plans south of the border.
The numbers: Two months into the season, Canadian teams are averaging over 8K fans per game and have hosted 37K more fans than their American counterparts. Ottawa’s 7.8% YoY attendance boost is surpassed by Toronto (106.8%) and Montréal (30%), which both have upgraded venues. While NY’s attendance has risen 1% YoY, Boston suffered a 3% decrease and Minnesota a 17.3% reduction.
- Both Boston and NYC teams play outside the city, which arguably makes it difficult to draw crowds. This issue doesn’t affect Canadian teams who play in metro centers. Minnesota, for its part, shares a venue with its NHL team and built a strong first-season following, but off-season controversy caused some fans to cancel season tickets.
The Takeover Tour: The PWHL’s neutral site tour has been the key driver for attendance growth, drawing historic crowds on both sides of the border. So far, tour stops are averaging about 16K fans compared to this season’s 6K-fan average for non-tour games. Sellout crowds in Vancouver and Québec City — both over 18K — reinforce the power of Canadian markets over American ones.
The partners: Since last year’s inaugural season, there’s been stronger support from media and sponsors on the Canadian side. The majority of the PWHL’s official partners are Canadian brands, and while the league has national broadcast distribution deals with Canada’s three top sports networks, it still lacks a national American broadcaster.
- Plus, some U.S.-based brands are investing exclusively in the Canadian market. Amazon Prime Canada has a PWHL distribution deal, while Amazon Prime U.S. does not. Intuit has a Canadian partnership with the league, but not a U.S. one.
NHL comparison: The NHL has experienced a similar trend: Canadian teams drew about 18K fans on average during the 2023–24 season compared to American franchises seeing about 17.4K. The league had a total of 74 sponsors at the end of last season, with 14 being U.S.-only partners and 21 being Canada-only partners. Hockey reigns supreme in the Great White North.
Lingering questions: With this information in mind, is it best for the PWHL to add an American franchise to help develop the game? Or is it better to rely on Canada’s fandom? Only time will tell.
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⚽ Houston Dash owner reportedly exploring ownership changes
Per Sportico, Ted Segal — the owner of Houston’s Dash (NWSL) and Dynamo (MLS) — is working with investment firm PJT Partners on a months-long audit allowing them to explore future options — including adding new investors, selling to a new majority owner, or keeping the current structure — for Dash ownership. The Dash ranks 10th (out of 14) in NWSL valuations at about $74M.
🥒 AZ Drive pickleball team sells $10M controlling stake amid sports growth
Arizona-based Major League Pickleball franchise AZ Drive shared Thursday that a new ownership group bought a controlling stake in the team, which is valued at over $10M. The group includes executives from local pickleball paddle manufacturer Proton Sports, former NFL quarterback Jack Plummer, and finance professional Jeff Tsao.
- Plummer joins at least 75 other celebrity owners with a stake in MLP teams, while the addition of Proton Sports reinforces brand presence in MLP ownership. MLP teams are starting to look like Formula 1 squads backed by sponsors: Anheuser-Busch owns the Atlanta Bouncers, while Italian sports brand Lotto owns the Brooklyn Aces. Everyone loves a nice, juicy, stake.
📺 Leading U.S. cable provider Comcast announced it will offer a skinny sports and news bundle shortly after DirectTV announced its version, MySports, earlier this month. Everybody wants some.
🧢 Sports apparel and collectibles brand Fanatics reported 15% revenue growth YoY to $8.1B in 2024, with retail merchandise and trading cards noted as driving the top line.
👟 Adidas Basketball signed WNBA forward and former Jordan Brand athlete Satou Sabally to its athlete roster in a multiyear deal that brings the German national team star back home on a shoe deal. Klasse.
📈 The Washington Mystics saw a 136% YoY increase in viewership in 2024, driven by an overall WNBA viewership surge thanks to Caitlin Clark, as well as Monumental Sports and Entertainment’s continued investment in developing D.C.’s local RSN.
🎮 EA experienced its largest single-day stock drop since 2008 on Thursday after a 16.7% plummet following EA Sports FC 25’s lower-than-expected sales performance. A kick in the pants.
Peep our squad’s MVPs (Most Valuable Picks):
💚 What can help you relax
Cycling Frog’s Wintergreen THC Mints. With only 1mg of THC but 5mg of therapeutic CBD, these little guys are the perfect way to explore cannabis microdosing. Plus, they come in the cutest tin.*
⛷️ What to learn about
Skiing in Vail. The SportsBall team did their research and dug into the largest ski resort in the world. Discover how Vail Resorts turned skiing into a billion-dollar business.
📚 What to read
Inner Excellence by Jim Murphy. The book has gone from underdog to sideline staple, thanks to Philadelphia Eagles wide receiver A.J. Brown.
*P.S. This is a sponsored post. Relaxation is key.Today's email was brought to you by Aryanna Prasad and Briana Ekanem. Fact checking by Bonnie Lee. Operations by Elisha Gunaratnam and Marga Sison. Ads by Katie Kehoe Foster, Alessandra Puccio, and Lisa Minutillo. Managing edits by Ellen Hyslop. Head of content Ellen Hyslop.