• Loading stock data...
Thursday, July 31, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Unrivaled Was a ‘No-Brainer’ for Investors

Horizon Sports CEO David Levy tells Front Office Sports about his decision to invest in the new professional 3-on-3 women’s basketball league.

Jan 17, 2025; Miami, FL, USA; Brittney Sykes (20) of the Rose drives to the basket against Rae Burrell (12) of the Vinyl during the first half of the Unrivaled women’s professional 3v3 basketball league at Wayfair Arena.
Jim Rassol/Imagn Images

In early 2024, when Unrivaled cofounder and president Alex Bazzell pitched a new women’s professional 3-on-3 basketball league, David Levy knew fairly quickly he wanted to invest.

Levy, the former Turner president and current CEO of Horizon Sports & Experiences, tells Front Office Sports that investing in women’s sports was a philosophy of his firm, in part because of the massive growth opportunity in the space. 

Unsurprisingly, one major component of the decision to go in was the viewership and attendance figures in women’s sports, which Levy describes as experiencing “hockey-stick-shaped” growth. But he says there were several other factors that made Unrivaled a “no-brainer” investment.

One was the chance to open women’s sports to more sponsorships. Levy says there are tons of brands that have yet to consider sponsoring sports. But Unrivaled, given it has an established base of stars from the WNBA, can leverage its players to entice new partners. He cites the beauty space as one particular market opportunity. Unrivaled secured Sephora to sponsor its “glam room” in Miami.

“I noticed early on that the Maybellines, CoverGirl, the L’oreals—you didn’t see them sponsoring sports. What you saw them sponsoring is the Oscars, the Emmys, the Grammys, and being on red carpets. I think as you start seeing those brands shift out of what you would say ‘normal’ sponsorships … [you’ll start] to see a shift in dollars,” Levy says.

He also cites other metrics outside of viewership numbers, including triple-digit growth in sports betting for the WNBA, an indicator of fan engagement. “We saw the betting increase, audience, viewership, investments, and franchise values. All of those triggers. As an investor, you say, ‘Wait a minute. I love the business model.’”

Figures are starting to come in to gauge the league’s initial success. The first viewership returns saw Unrivaled averaged slightly more than 300,000 viewers for its doubleheader last Friday on TNT—a modest, but underwhelming, start for a league. The WNBA averaged 1.19 million viewers on ESPN last season and 505,000 viewers the year before across ABC, ESPN, and CBS.

The WNBA has been around for nearly 30 years and has aired mostly on ESPN throughout its tenure, so it has established a fan base that watches games on the network. Ion, the newest partner of the WNBA, drew about 288,000 viewers in 2023 but was up to about 670,000 viewers per game last year.

“We don’t expect to go get the same numbers the WNBA does,” Bazzell told FOS the week before the first game. 

Caitlin Clark, the WNBA’s and NCAA’s biggest viewership driver last year, is an obvious missing piece that Unrivaled was unable to sign this year despite a “Lionel Messi–like” offer. But Levy says the offer is on the table for Clark to join in the future, especially because Unrivaled has intentions of continuing to grow, including reportedly branching out and playing games in cities other than Miami in the coming years.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Comcast Bets Big on Sports, but NBA Price Tag Looms Large

The NBC Sports parent company is absorbing the impacts of adding the NBA.
LeBron James
exclusive

LeBron Boat Meeting in France With Jokić Agent Was About New League

The group met to discuss a new global basketball league.
Jul 15, 2025; Boston, Massachusetts, USA; Indiana Fever guard Caitlin Clark (22) reacts to the crowd as they take on the Connecticut Sun in the first quarter at TD Garden.

WNBA Viewership Up Across All Networks Compared to 2024

Non-Fever games are up 37% compared to the full 2024 season.

Featured Today

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.

NFL Preseason Getting Earliest Kickoff in 25 Years

The Lions and Chargers face off in the Pro Football Hall of Fame Game.
Moe Wagner
July 30, 2025

NBA Adding European Games As It Explores New League

The Magic and Grizzlies will play in Berlin and London in January 2026. 
Mike Repole
July 31, 2025

Billionaire Mike Repole Taking Ownership Stake in UFL

Repole is the cofounder of Vitaminwater and Body Armor. 
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
July 30, 2025

Ex-NBPA Director Defends Two-Apron System: ‘There’s No Hard Cap’

The NBA’s two-apron system started in the 2023–24 season.
July 29, 2025

How Sports Leagues Are Responding to NFL Headquarters Shooting

The building housing the NFL headquarters was barricaded and closed Tuesday.
Jul 27, 2025; Washington, D.C., USA; Leylah Fernandez (CAN) celebrates with the championship trophy after her match against Anna Kalinskaya (not pictured) in the women's singles final of the Mubadala Citi DC Open at Rock Creek Park Tennis Center.
July 29, 2025

DC Open Increases Women’s Purse by 39%, Keeps 2027 Target for Equal..

DC Open chairman Mark Ein spoke to Front Office Sports.
July 29, 2025

Golf Major Bringing Biggest Women’s Sporting Event to Wales

Royal Porthcawl Golf Club is hosting the AIG Women’s Open.