• Loading stock data...
Saturday, May 10, 2025
Join us May 14 at 1 p.m. ET for Future of Sports: Leagues of Their Own Register Now

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

Apr 26, 2025; Miami, Florida, USA; Miami Heat center Bam Adebayo (13) dribbles the basketball as Cleveland Cavaliers forward Evan Mobley (4) defends in the third quarter during game three for the first round of the 2025 NBA Playoffs at Kaseya Center.

Jared Kushner’s Brother Bought Small Stake in Miami Heat Last Year

Kushner reportedly sold his Grizzlies stake to buy an interest in the Heat.
Curry

Brady, Curry, Ohtani Get Most Claims Dropped in FTX Endorser Suit

The judge did call the endorsers “uninformed, negligent, or even reckless.”
Mar 26, 2025; New York, New York, USA; Actor and filmmaker Spike Lee (l) greets former professional boxer Floyd Mayweather Jr. during the game between the LA Clippers and the New York Knicks at Madison Square Garden.

‘Friends of the Garden’: Inside the NBA’s Most Exclusive Celebrity Suite

“Among the titans of industry, deals are done at Suite 200.”

Featured Today

Apr 18, 2024; Los Angeles, CA, USA; Stanford Cardinal vs Grand Canyon University Antelopes during the MPSF Men's Volleyball Championship at Galen Center.

‘What Just Happened’: Inside the Abrupt End of Grand Canyon Men’s Volleyball

Inside Grand Canyon’s shocking decision to cut men’s volleyball.
exclusive
May 9, 2025

Shams Charania on Draft, Breaking Dončić Trade, ‘Whirlwind’ ESPN Tenure

Charania will work on his first NBA draft lottery for ESPN on Monday.
Fat Perez reacts after hitting his shot on the 16th tee during the WHOOP Shot at Glory on the 16th hole at TPC in Scottsdale on Feb. 5, 2025.
May 7, 2025

Golf Influencers Are the New Currency for PGA Tour and LIV

YouTube golf is big business. The rival tours are staging formal events.
Feb 8, 2025; New York, New York, USA; New York Knicks assistant coach Rick Brunson talks with New York Knicks guard Jalen Brunson (11), forward Mikal Bridges (25), and guard Josh Hart (3) during a timeout in the third quarter against the Boston Celtics at Madison Square Garden.
May 6, 2025

Before the Villanova Knicks, There Were the Kentucky Celtics

Three decades ago, Boston tried its own version of the college-teammate experiment.

NFL Nears Deal for YouTube Game That Could Break Streaming Records

YouTube closing in on a deal to show a game from Brazil.
May 4, 2025; Iowa City, IA, USA; Indiana Fever guard Caitlin Clark (22) looks on with head coach Stephanie White during the third quarter against the Brazil National Team at Carver-Haweye Arena.
May 8, 2025

If Caitlin Clark, Fever Realize Title Dreams, WNBA Will Win Big

Caitlin Clark addressed the media on Thursday.
May 9, 2025

Roku’s $10M MLB Deal Resumes Despite ESPN Drama

Early Sunday games begin with a high-profile Cubs-Mets matchup.
Sponsored

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

Portfolio Players is our bi-weekly spotlight on the athletes and investors reshaping the business of sports. This week, venture capitalist Kai Cunningham unpacks why athletes land top deals and how the usual investing rules don’t always apply.
Feb 9, 2025; New Orleans, LA, USA; Philadelphia Eagles quarterback Jalen Hurts (1) lines up for the tush push play on the goal line against the Kansas City Chiefs during Super Bowl LIX at Ceasars Superdome.
May 8, 2025

Saquon Barkley Defends Tush Push, Tells Opponents to ‘Get Better’

Saquon Barkley makes a passionate defense for the hotly debated play.
May 7, 2025

Ladies European Tour Gets Prize Money Boost From Saudi Arabia

A new PIF Global Series will pay out $13 million.
May 4, 2025; Miami Gardens, FL, USA; Red Bull driver Max Verstappen (1) and McLaren driver Oscar Piastri (81) during the F1 Miami Grand Prix at Miami International Autodrome.
May 7, 2025

F1 Loses Money, but Books $14.2B in Future Revenue

Executives convey optimism despite earnings issues and unresolved media rights.
Sam Presti
May 6, 2025

Sam Presti Finally Wins NBA Executive of the Year for OKC Juggernaut

Presti has come in second place for the award three times.