Sports Business

From The Gist Team

Goodbye weekend!

And an extra tearful goodbye to Megan Rapinoe, who announced she will retire following the 2023 NWSL season. Here’s a list of her most iconic moments for some much needed Monday motivation.

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US Soccer

🥤 Can we get a Coke with that?

Source: Nicolò Campo/LightRocket via Getty Images

The GIST: U.S. Soccer wants to buy the world a Coke. The organization announced a long-term partnership with Coca-Cola North America last week, making the popular beverage company their second-largest partner after Nike.

The background: Coca-Cola has retained a longtime presence in international and American soccer, including a four-year deal with U.S. Soccer and MLS that ran from 2015 to 2019. As one of FIFA’s oldest corporate partners (since 1974), Coke has been an official sponsor at every World Cup since 1978.

The details: The partnership is focused on growing soccer in the U.S., especially at the youth level. Its main goal is to bring all American soccer fans together by increasing U.S. Soccer’s visibility, with Coke contributing unique and innovative digital activations for the USWNT and USMNT.

The timing: As a former partner (and critic) of U.S. Soccer, this new deal represents a big step for Coke in the American soccer landscape. With the FIFA Women’s World Cup (WWC) inching closer, the partnership was announced just in time for a potential collab with the USWNT as they compete for a third straight WWC title.

  • The deal also precedes an influx of global soccer events on American soil in the near future — the 2024 Copa America, the 2024 CONCACAF W Gold Cup, and the 2026 FIFA World Cup will all partially or entirely take place in the country. A true party in the USA.

Zooming out: In 2021, Nike became U.S. Soccer’s biggest partner after signing a 10-year deal. While Nike is arguably the biggest global sports brand, Coca-Cola is a bigger overall company ($82B more in market cap, to be specific), and boasts similar widespread appeal.

  • Nabbing a huge partnership with Coke is a testament to the USWNT’s impact on the overall American soccer landscape. Its popularity and success attracts global brands — with the ability to transform the future of the sport — to the federation. Like a moth to the flame
Women’s soccer

⚽️ Playing catch-up

Source: Logan Beerman/ISI Photos/Getty Images

The GIST: Women’s soccer is facing an ACL epidemic. Numerous stars have been left off WWC rosters this year due to ACL injuries, illuminating a dark side of the rapidly-growing, yet underfunded, sport.

The context: The list of major ACL–related absences is long — USWNT stars Christen Press and Catarina Macario, three English starters including captain Leah Williamson, and Netherlands superstar Vivianne Miedema are not available for the tourney. Yikes.

  • Not only are the teams missing these players on the field, but their absence can also hurt the game off the field — it’s more difficult to leverage the game’s popularity and attract sponsorship when the tournament is missing the WWC–promised best of the best.

The why: While slight anatomic differences are a potential contributing factor, some believe women’s soccer’s inability to keep up with itself may be a bigger issue. The growth of the sport is positive on many levels, but can be disastrous without corresponding increases in safety measures.

  • New investment in the sport has led to more opportunities to play (i.e. longer schedules), but doesn’t necessarily translate to consistent access to medical staff and trainers or high-quality fields and facilities.

Zooming out: Rising popularity is no longer good enough for women’s sports. While equal ratings, exposure, and marketing are all necessary steps in the right direction, the recent slew of ACL injuries in women’s soccer illustrates the importance of providing women athletes with the same resources as men. Player safety depends on it.

Together with The GIST

🤓 Ready for a summer reset?

Source: The GIST

Looking for a career change this summer? The GIST’s job board has your back. If you’ve ever dreamed of working in sports, this is the resource for you.

  • The job board features roles in every discipline across the industry: Sports betting? Check. Marketing? Check. Finance? Check. There’s truly something for everyone.

Slay your career by checking out our job board today. Happy applying!

Buzzer Beaters

📈 In its first time at the historic(ally male) Pebble Beach, the LPGA saw a 119% viewership increase for the U.S. Women’s Open first round and double the ticket revenue from 2022.

🏀 NY Liberty star Sabrina Ionescu will grace the cover of NBA video game 2K24’s WNBA edition.

📺 The first two days of Wimbledon were the most-watched opening days since 2017. Love to see it.

👾 A recent study found female Nintendo employees make 72% of their male counterparts’ earnings, another example of the gaming world’s longstanding sexism problem.

🏒 The Mark Walter Group has until January to finalize plans for a new women’s hockey league. The anticipation is killing us.

🎾 Wimbledon introduced 5G headsets at Centre Court to improve the experience for visually-impaired fans.

🎧Barcelona’s new Spotify deal boosted sponsorship revenue to $106M last season, with the women’s team contributing $8.5M.

The GIST's Picks

Peep our squad’s MVPs (Most Valuable Picks):

🧓 How to feel old

By looking at the USWNT’s FIFA Women’s World Cup roster. While the average age of the team is over 28, some of the new faces have never used a CD player. Feel old?

📚 What to read

One Life. Megan Rapinoe’s memoir is the perfect way to prepare for the FIFA Women’s World Cup, which kicks off this month. Read along with The GIST’s Book Club on the Fable app.

📝 How to test your fandom

With this quiz. See how many college sports logos you can accurately name. Spoiler alert: It’s harder than you think!

👕 How to gear up

Check out our GIST apparel capsule collection! Designed by and for GISTers, our capsule collection is the perfect way to authentically express your sports fandom and your support of women in sports.