• Loading stock data...
Saturday, January 10, 2026

Billie Jean King: ‘Billionaires, Not Millionaires’ Are Fueling Women’s Sports Boom

The tennis legend praised new investment flooding into women’s sports but added: “We are so far behind.”

Billie Jean King
Jeremy O’Brien

Fifty years ago, before the WNBA and NWSL, before women’s hockey and the Williams sisters, there was Billie Jean King.

King, who won 39 Grand Slam titles across singles and doubles tournaments, is often credited for propelling women’s sports into the national consciousness. Her 1973 defeat of former men’s No. 1 Bobby Riggs in the “Battle of the Sexes” came just a year after Title IX mandated equal funding for women’s and men’s athletics in schools. 

Buoyed by these high-profile victories, for much of the next 50 years, women’s sports in the U.S. went into building mode, developing infrastructure to compete with the men. In the past few years in particular, viewership, attendance, media coverage, and mainstream cultural awareness of women’s sports has hit a consensus tipping point.

King had one blunt answer for why: “Money. Investment. Investment by billionaires, not millionaires,” she told Front Office Sports in New Orleans before the Super Bowl. “You have to have the investment in us like you had in the men. We are so far behind, but to your point, we are at a tipping point. For me, I’ve lived my whole life to see this start to happen.”

Some of those billionaires include Disney CEO Bob Iger and his wife Willow Bay, who bought Angel City FC for $250 million last July—a club in which King herself was an investor—and then pledged another $50 million to “support the club’s future growth.” Further up the state, Sacramento Kings owner and billionaire Vivek Ranadivé put together the cash to create a new pro women’s volleyball league. Billionaire philanthropist Michele Kang owns the Washington Spirit and in November gave $30 million to U.S. Soccer

One of the biggest hurdles to keeping the momentum going, which Title IX sought to address, is keeping girls playing sports in the first place. King, who partnered with Dove on its #KeepHerConfident campaign, cited a statistic that 45% of girls drop out of sports because of negative body image. She also would like to see women talk about themselves more positively. Men don’t put themselves down about what they do for a living or who they are, she said.

King, who joined the L.A. Dodgers ownership group in 2018, believes there’s still much more to be done to increase female representation in other aspects of sports. “I want to get more women investing,” she told FOS. “But how do you invest? You have to have money to invest.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Matt Ryan’s Jump to Falcons Leaves CBS With Open Seat: What’s Next?

Matt Ryan leaves CBS as Atlanta lures him into a front office role.

Billionaire-Backed Hoosiers Heading to First CFP Championship

The championship game is the culmination of a remarkable two-year run.
exclusive

WNBA Telling Teams They Can Send Free Agent Offers Amid CBA Uncertainty

“Without a real salary cap, no one is going to sign anything.”
Oregon Ducks quarterback Bo Nix greets Phil Knight after defeating the Liberty Flames to win the Fiesta Bowl at State Farm Stadium in Glendale on Jan. 1, 2024.

Oregon-Indiana Is a Battle of Billionaire-Backed Rosters

Both schools have their richest alumni funding NIL.

Featured Today

NHL Ditched Its Dress Code. Hockey’s Fashion Era Arrived Quickly

With no dress code, impeccably dressed players are seeing big-money deals.
January 6, 2026

Hockey in Florida Was Once a Risk. Now It’s Thriving

The state of Florida has become a traditional—and highly lucrative—market.
Dec 30, 2025; Los Angeles, California, USA; Los Angeles Lakers guard Luka Doncic (77) reacts after scoring a basket against the Detroit Pistons during the second half at Crypto.com Arena
January 4, 2026

Why Pro Sports Team Valuations Will Keep Climbing in 2026

Asset scarcity and increasing media-rights deals underpin soaring valuations.
Imagn Images/Front Office Sports
January 2, 2026

FOS Crystal Ball: Predictions for the Business of Sports in 2026

Here’s what FOS journalists think could be on the horizon.

Mark Walter Offered a Stake in His WNBA Team. Billie Jean King..

“Getting involved with the Dodgers literally changed our lives,” Ilana Kloss says.
Jacksonville Jumbo Shrimp mascot Scampi waves to fans during Opening Day baseball against the Gwinnett Stripers on March 29, 2024.
December 17, 2025

Private Equity Dives Further Into Minor League Baseball

Seven MiLB teams have changed hands in the last week.
December 23, 2025

Ben Simmons Makes a Move: Buys 50% Stake in Sport Fishing Team

“I think I can really help this league grow,” Simmons told FOS.
Sponsored

ESPN Edge Innovation Conference 2025: Inside the Technology Shaping the Future of..

At ESPN Edge Innovation Conference 2025, ESPN showcased how AI, immersive tech, and a rebuilt direct-to-consumer platform are redefining the future of sports media.
December 14, 2025

How Pickleball Became One Massive Private-Equity Rollup

Pickleball roads lead back to billionaire Tom Dundon.
Dec 7, 2025; Chicago, Illinois, USA; Golden State Warriors forward Jimmy Butler III (10) chats with guard Will Richard (3) during the first half at United Center.
December 10, 2025

How a Single Deal Could Turn KKR Into a Sports Powerhouse

KKR and Arctos have been in talks since at least October.
Jul 26, 2024; Paris, FRANCE; Shaun White poses for a photo in front of the Eiffel Tower before the Opening Ceremony for the Paris 2024 Olympic Summer Games.
November 17, 2025

The VC Firm Whose Investors Include Jets, Pacers Ownership Groups

359 Capital is lifting the veil so consumers can see its investors.
Nov 5, 2025; Denver, Colorado, USA; Denver Nuggets center Nikola Jokic (15) during the first quarter against the Miami Heat at Ball Arena.
November 11, 2025

Excel Sports Valued at Nearly $1B in Sale to Goldman Sachs

The talent agency represents Caitlin Clark, Derek Jeter, and more.