The women's basketball league founded by Breanna Stewart and Napheesa Collier, set to take place in the WNBA offseason, has drawn sports and media investors.
Unrivaled, the new pro women's basketball league founded by WNBA stars Breanna Stewart and Napheesa Collier, has closed a round of funding from sports and media investors.
Unrivaled, the pro women's basketball league founded last year by New York Liberty's Breanna Stewart and Minnesota Lynx's Napheesa Collier of the WNBA, said Thursday that it had closed on a seed funding round ahead of its January launch.Athletes will be given equity in the new league, and Unrivaled said it will also feature contract opportunities that will offer the highest average salary in women's pro sports league history.
Unrivaled's season will run from January to March and feature 30 of the top women's basketball players across six teams for a 3-on-3, compressed full court style of play on a soundstage in Miami.The league is building its own facility in Miami. It has two baskets, but it's about two-thirds the size of a regular court.
Other investors with a stake in Unrivaled include Richard Sarnoff, chairman of media at private equity firm KKR; actor Ashton Kutcher; Moira Forbes, the executive vice president of Forbes; Gary Vaynerchuk, CEO of VaynerMedia; Desiree Gruber, TV producer and founder and CEO of Full Picture; Dan Rosensweig, executive chairman of Chegg; Andor Capital founder Dan Benton; and Range Group.
The duo said media rights negotiations have yet to start, but an important part of the conversation will be getting the games as much viewership as possible. Levy noted that it takes time for growth and interest in sports, with the WNBA only being a few decades old in contrast to longstanding leagues like the NFL, the NBA, MLB and the NHL.
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