On the road again
From The GIST Sports Biz (hi@thegistsports.com)

Leveling The Playing Field
Welcome back!
It’s the 27th day of the U.S. government shutdown, which has already affected over a million federal employees and will involve millions more Americans if essential services are discontinued. While sports have remained largely unscathed, UConn’s season opener reportedly had to be relocated from Germany to Maryland due to logistical difficulties resulting from the shutdown.
- Another intersection with sports? People are now betting on when the shutdown will end, with 44.5% of Polymarket bettors wagering it will end November 16th or later. The odds may not be in our favor.
Cycling
🚲 On the road again

The GIST: Last week, the Tour de France Femmes avec Zwift confirmed its 2026 route, which will be the race’s longest course in its four-year history. And rather than beginning immediately after the men’s Tour de France, the women’s race will now begin one week later, with the push for a longer course and a separate schedule fueled by explosive interest in the women’s race.
- Virtual indoor cycling training platform Zwift, which recently extended its multiyear title sponsorship, is a big reason why the Tour de France Femmes exists today, showing the difference a dedicated sponsor can make in women’s sports. Leading the pack.
The history: After women’s cyclists and advocates spent decades organizing their own races, Amaury Sport Organization (ASO) — which runs the men’s race — launched the Tour de France Femmes avec Zwift in 2022 thanks to the sponsorship support of Zwift, which has been so instrumental to today’s race that the company has been credited as an event “cofounder.”
- The VR cycling platform went above and beyond — it saw an underserved market in women’s cycling enthusiasts, so it made a case to host the race. Zwift’s financial backing and viral marketing campaign created a sustainable environment to launch a permanent, official version of the women’s race. Très bien.
The growth: Together, Zwift and ASO pushed for broadcast coverage, which was integral to promoting the race. In its initial year, the total live audience across eight stages was 23.2M in key markets as women’s cycling became the world’s fourth most-followed women’s sport. Viewership was largely concentrated in France and nearby countries like Germany and Spain at the time.
- The race has continued to notch high numbers through 2025, which had an average audience of 2.7 million viewers per stage in France alone, or a 31.6% audience share. The final stage attracted a peak audience of 7.7M — close to the average viewership during Game 7 of last year’s NHL Stanley Cup.
The company: Since the introduction of the Tour de France Femmes avec Zwift in 2022, Zwift has seen an increase in the number of women joining its platform. Last week, the brand shared that 23% of new subscribers are women, up from 18% in 2022. With these numbers, it’s no surprise that Zwift has doubled down on its sponsorship and committed to the race for the next four years.
Zooming out: Not only does this highlight the opportunity for all companies in the surging women’s cycling space, but it illustrates how an established, aligned brand can transform a sport. Zwift identified a passionate niche community, which coincidentally was one its platform was built to serve.
- It’s similar to how energy drink Red Bull cultivated an entire ecosystem sponsoring extreme sports, leading to out-of-this-world promotions. This could also work in emerging sports like softball and volleyball, where home workout system Tonal established something similar with LOVB. A win-win.
📺 Warner Bros. Discovery ready for potential sale after three rejected bids
In a year of massive media mergers, analysts have speculated that Warner Bros. Discovery (WBD) could be next. Paramount Skydance — the result of an $8B merger itself — reportedly bid $60B, and when its offer was rejected, extended second and third bids. Then, WBD announced last week it was exploring buyout options after several unsolicited purchase offers.
- Bidders have been asked to sign NDAs, but reports indicate Netflix and Comcast are interested — and with WBD divvying up its operations, that could mean selling its streaming and studio arm separately to the highest bidder. This would also affect the multitude of sports properties with WBD broadcast deals, including MLB, men’s March Madness, and Unrivaled.
⭐ Austin flaunts its potential as pro sports market amid Austin FC valuation
Sports fandom and franchise interest is on the rise in Austin. Last week, the Borgen family joined the investor group for MLS side Austin FC, putting the team’s valuation at $912M — a $47M boost from the team’s January valuation. Austin FC is the city’s only major pro sports team and boasts sell-outs in its last 87 home games.
- However, it likely won’t be the only game in town for long, especially considering the surging interest from women’s sports leagues. The city is gunning for a WNBA franchise, has expressed interest in an NWSL franchise, and already has an LOVB team. Stick around.
Together With The GIST
👻 Is your sports feed feeling haunted?

Between cruel comments, clickbait content, and a lack of coverage on women’s sports, being a fan online can be downright terrifying. 😨
- That’s why we built The GIST Plus — a members-only community designed to fix fandom with healthy conversation, exclusive perks, and zero toxicity.
Because sports should bring people together, not scare them off. We promise, when you join The GIST Plus, it’s all treats and no tricks.
🏀 Two WNBA coaching vacancies have been filled: The Seattle Storm hired former NY Liberty assistant Sonia Raman, and the Dallas Wings hired University of South Florida coach Jose Fernandez as its fifth head coach in seven seasons. And then there was one…
⚽ NBA star Jimmy Butler added the San Diego Wave to his portfolio of sports investments, which include the EPL’s Crystal Palace and the Reserve Padel Cup, as celebs continue investing in the NWSL.
🗽 The Liberty confirmed three new investors — GMA newscaster Robin Roberts, investor Olivia Walton, and G9 Ventures founder Amy Griffin — after completing its latest investment round that valued the team at a league-leading $450M.
⚽ German-based international grocery chain Lidl has expanded its UEFA partnership to become a women’s national team sponsor through 2030. Wunderbar.
Here’s what passed The GIST squad’s vibe check this week:
🎃 What to prep for
Halloween, with some help from our latest edition of The Group Chat. Spooky season has arrived.
👑 What to check out
This article about Esther Wallace, the former Division I basketball player who founded Playa Society. Wallace cold-pitched the WNBA to help fill the merchandise gap for its stars, and her brand has since sold out collaborations. Buckets on buckets.
🏈 Who to know
Hawaii’s “Tokyo Toe” Kansei Matsuzawa. The senior placekicker from Tokyo has become a sensation for the University of Hawaii, tying a program record for consecutive made field goals.
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