Wolves sign SUDU as official technical kit partner

SUDU, the innovative sportswear brand by Levy Merchandising have announced a long-term partnership with Wolverhampton Wanderers Football Club, to become the club’s official technical kit partner, responsible for the design and manufacture of the club’s official kits, training and leisurewear, including across the men’s, women’s and academy teams from the 2024/25 season onwards.

As a landmark deal within the sports industry, it marks a significant shift in the traditional kit supply model, the current structure of which affords a suboptimal deal for most sports teams, often with an imbalance of commercial terms and service levels.

Joe Poole, Head of Partnerships at Levy Merchandising, a new arm of Levy UK & Ireland of which SUDU sits within, explains: “Unless you’re in the Premier League ‘Big Six’, the team and brand model is broken. It’s self-serving for brands as opposed to being a true partnership and we want to change that.”

Poole adds: “Seven-figure value is being lost by sports teams through inflated marketing costs, but even more so as a result of a disjointed supply chain which squeezes margins to the detriment of teams and fans.”

With the current model, brands are operating more so as third parties taking value out of the chain, where SUDU’s innovative new approach instead brings the whole process under one roof, from top to bottom, encompassing manufacturing, retail and brand.

For Wolves, this will translate to reduced expense, without compromise on craftsmanship or materials, with greater commercial return therefore available to be reinvested into the club. Meanwhile, for fans, the new deal will mean substantial reductions in retail prices as compared to their Premier League peers, providing exceptional value.

Poole comments: “Levy Merchandising was born from a desire to revolutionise the often-inflated price of pro and replica kits and we’re incredibly proud to be partnering with such a well-supported club like Wolves, with an amazing fan base and rich heritage.

We’ve seen the price of Premier League jerseys increase consistently over the past few years. Our philosophy is that a pro jersey should not cost £125, Wolves’ will be £80. A replica jersey should not cost £80, Wolves’ will be £58.”

Russell Jones, General Manager of marketing and commercial growth at Wolves comments: “This fresh new approach to kit creation is long overdue and we’re delighted that Wolves get to be at the forefront of this innovative approach.

For far too long top tier clubs like Wolves have been held to template designs. This partnership enables Wolves to work with fans and players to create technical product with our heritage at the forefront of design.

We are also able to continue to widen our reach, as this innovative model allows us to create attractive price points to better distribute within the U.K and internationally ensuring that Wolves products can be available, at affordable prices for fans, in-stores all over the world.”

The above said, in a first for Wolves, the new kits have been crafted in collaboration with the playing squad with peak performance on the pitch in mind. The players not only informed the look and feel, but also participated in fit and performance sessions with SUDU to ensure kits meet every standard.

Club captain, Max Kilman, who has played a part in the product creation process, commented: “It has been really interesting to play an active part in creating our kit for this season. Since we were first introduced to SUDU, the designers and product development team have kept us constantly updated.

Seeing feedback on fabrics, design and our performance needs worked into the finished products has been a really positive experience for us. We are delighted with the final products and are excited to wear them this season.”

While the creation of the Wolves kits has been spearheaded by SUDU’s Design team, who, collectively, boast experience across the likes of Adidas, Puma, JD Sports, Berghaus and Regatta, Levy Merchandising’s wider world class team which has been assembled has considerable experience across multiple sports including across licensing, product, buying and retail, design, manufacturing, ecommerce and trading.

Poole explains: “We’ve big ambitions for Levy Merchandising and the SUDU brand having successfully launched our first Run menswear collection last month. Expansion into other categories is already being worked on with Play football, Train fitness and Rest lifestyle product ranges to come, likely in early 2025, and we will be looking to further build out partnerships with other sports teams across sports.”

ECB names Rothesay as official partner

The England and Wales Cricket Board (ECB) and Rothesay have announced a new multi-year partnership which sees the UK’s largest pensions insurance specialist become an Official Partner of England Cricket.

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. Rothesay has over £60 billion of assets under management, protects the pensions and secures the future for almost one million people and is a trusted insurer to the pension schemes of some of the UK’s best-known companies.

Nearly 150 years since the first Test Match, the format continues to entertain fans around the world. Rothesay is now joining forces with the ECB, as Official Title Partner of Men’s and Women’s Test Matches, to secure and invest in the future of the format, beginning with an England Men’s Test summer featuring the West Indies and Sri Lanka.

The long-term partnership will start with the first Rothesay Men’s Test Match between England and the West Indies on Wednesday 10 July at Lord’s. The fixture is set to be a historic occasion with interest from every corner of the cricketing world as Jimmy Anderson says farewell to the international game.

Rothesay branding will also feature at England Women’s home matches, across all formats. Their sponsorship comes at an exciting time for the women’s game, with lots to look forward to including a home Ashes series in 2027, and the first ever England Women’s Test at Lord’s.

Throughout the duration of the partnership, Rothesay will engage its policyholders, employees and fans of the game through a range of activities to bring them closer to the action – including supporting community cricket across England and Wales.

Tony Singh, Chief Commercial Officer at the ECB, said: “We are delighted to welcome Rothesay as our new title partner for Test Match cricket in England and Wales. With record viewing and attendance figures last year, Test cricket has never been more popular, and I am thrilled that Rothesay have endorsed our vision for growing the game across all formats. I look forward to seeing their brand proudly displayed at a series of iconic matches over the next few years, including Jimmy Anderson’s final Test next week, The Ashes in 2027 and the first ever England Women’s Test Match to be held at Lord’s.”

Tom Pearce, Chief Executive Officer at Rothesay, said: “We are very excited to partner with the ECB and to become title sponsor of Test Match cricket. Rothesay is purpose-built to provide security for UK pensioners, we are delighted that we can also help to secure the future of Test cricket aiming to inspire all generations by making cricket a game for everyone.”

Feldspar to build world’s first sensor-enabled running track to boost athlete performance

Feldspar Limited [“Feldspar”], the UK-based technology company has announced that it is building the world’s first sensor-enabled performance running track, poised to redefine athletic performance and live sports entertainment.

This innovation represents the first major technological advancement in track and field running in nearly 60 years, laying the foundation for an unparalleled new immersive experience in live sports.

For the first time, Feldspar’s performance running track will incorporate advanced sensors in addition to camera-based methods to directly measure the movement of athletes through their footsteps and stride to capture data in real-time, bringing new levels of precision in analysing running performance.

Feldspar’s next-generation modular sports flooring and tracking software solution will integrate patent-pending technologies and state-of-the-art materials into the track design, enabling a novel and unprecedented way of energy return and conversion*. This performance innovation will allow athletes to achieve a faster running speed compared to what is currently possible today and push the boundaries of human performance.

Offering complex and historically hard-to-access data, such as stride length, acceleration rate and max velocity in real-time, this technology has the potential to revolutionise the spectator experience at live sports events as well as to attract new enthusiasts who value innovative, visually captivating, and tech-driven premier sports entertainment.

To further enhance performance, Feldspar will also integrate an AI-powered data analytics tool and sports tracking software intended to redefine professional coaching and optimise training for athletes. This includes adjusting competition strategy before, during and after races, and identifying potential areas of injuries based on granular individual data and in-depth athlete profiles.

Alvina Chen, Founder and CEO of Feldspar said, “While we have seen a high level of innovation in running shoes, apparel, and training methods in recent years, it’s incredible that the modern synthetic running track itself has remained largely unchanged since the 1968 Summer Olympics.”

Chen continued, “There is a huge opportunity in revolutionising this sport. By digitising the running track Feldspar is not only providing new avenues for athletes’ development and pushing the boundaries of human performance but also moving athletics towards a new era of exhilarating, high-energy live international events, similar to what we see in other sports, like football and motorsports.”

Chen added, “Our ambition with our next generation running track is to set a new benchmark for athlete performance and fan engagement for future world competitions, including the Olympic Games, and beyond.”

Feldspar is working with the UK’s top engineers, industrial designers, and data scientists to develop the high-performance, premium running track prototype, with real-time testing set to begin later this year. Production of the flooring solution is expected to begin in 2025.

Founded by former professional track runner Alvina Chen, the inspiration to reinvent the running track struck during her international racing career. The company has secured initial backing from Hong Kong-based investors which will be used to develop the high-performance running track prototype.

iSportConnect Sports Tech Partnership Index powered by SportsTech Match – June 2024

Who’s hot in sports tech? Who is doing deals? Who is creating new, innovative partnerships? That’s what the Index attempts to dig into on a monthly basis. Whether established players or the up-and-coming stars, we go a little deeper for you…

For the month of June, SportsTech Match recorded 50 new or renewed deals and partnerships featuring tech companies in sport. Companies in the Commercial sector registered the most deals (20), with leading betting, integrity, and sports data operators as well as ticketing operators leading the charge.

IC360, the integrity and compliance operator, posted five new or renewed deals / partnerships in June while Genius Sports recorded three, with the majority of these collaborations coming out of the Americas.

18 of our 50 partnership and deal announcements last month fell within the Fans & Digital Media category with fan engagement platform Fanbase leading the way. AI automated video highlights company Magnifi, a consistent performer on our index, was the only other in this category to announce more than one new deal or partnership.

The number one spot in this month’s index was retained by Fanbase, as they continue to sign new clubs in the UK at the non premium end of the market. The majority of deals they reported in June were with lower league football clubs.

Kitman Labs (sports science and performance intelligence) was the only company in the Athletes & Performance category to make multiple deal or partnership announcements in June and SportsEngine, known for their sport management solutions was the only business in the Management & Operations category to post more than one announcement (both of their deals incorporating a video streaming component).

Want to get access to the full and ‘near-live’ Tech Feed that drives the index?

The data powering the SportsTech Partnership Index derives from SportsTech Match’s automated, daily Tech Feed. It’s the first and only feed dedicated to sports tech partnerships from around the world designed to help tech companies and rights owners stay on top of the deals and partnerships being struck across the ecosystem. 

Contact info@sportstechmatch if you would like to get early access to the feed and, for tech companies, to make sure that your announcements are being included in our monthly Index. 

Down on the beach – the increasing presence of sports (of a sort) in advertising 

Ian Whittaker, Twice City AM Analyst of the Year pens down his experiences at the Cannes Lions.

Having just returned from the Cannes Lion advertising festival in the south of France, the theme of sports was never far away. Stagwell’s Sports Beach returned for a second year and, judging from the comments I heard, was the destination du festival while FIFA had their own presence on the sands. More generally, though, the presence of sports is likely to be a greater feature of the conference moving forwards.

For a start, there is the increasing dominance of sports, and particularly NFL, when it comes to live broadcast viewing in the US markets. 93 of the most watched live US TV programmes in 2023 were not only sports fixtures but specifically NFL games and that dominance has increased year on year (while it is based in Europe, Cannes is essentially a US-orientated event with many US executives seeing the event as one of the highlights of the year). Broadcast, despite its challenges, still controls a significant share of advertising dollars – according to Group M’s numbers, around xx% of the total US advertising market. That makes sports a vital part in capturing audiences.

That leads onto a second point. Over the years, the presence of the major Tech platforms has grown and grown, and this year was no exception (Amazon’s cleverly titled ‘A Maison’ beach drew particular attention). However, as the platforms shift their attention to capturing more of the video advertising market, and to finally crack open the still significant sums invested in television, sports is at the centrepiece of their offering to advertisers. All the major Tech platforms want to persuade advertisers and agencies to send more money their way and sports is key to that strategy, at least in the US.

The third point regards advertisers and agencies. They want the audiences that sports offer which are amongst some of the most valuable for advertisers – and hardest – for them to reach. So it is natural they will want to learn more about what opportunities sports can offer as part of their strategies. With a greater focus generally on how advertising can directly help the top and bottom line company performance, sports is going to be seen as increasingly critical to many advertisers’ US marketing plans.

Finally, but not least, there was the growing presence in Women’s sports as epitomised by the Women’s Sports House presence at Cannes. Deloitte’s estimates that women’s sports will generate $1.28bn in revenues in 2024, with over half of that coming in North America. The simple fact – if one wants to talk in terms of pure economics and put aside the equality side of the equation – is that, for the sports market in general, women’s sports is a huge untapped potential which is only starting to be realised. Its importance will only grow.

Of course, all these points are very US-centric although the last arguably has a European angle. It is unlikely that European sports are likely to be gathering the same level of attention any time soon. Put simply, the major Tech companies have done the economic calculations and decided – rightly in my view – that the numbers do not justify an aggressive move into sports rights in Europe. Advertisers also know that, with most major rights behind a Pay-TV paywall, the size of the audience is more limited, although Sky Sports, for example, in the UK does offer an attractive offering to advertisers. But Europe is not where the interest is when looking at what sports can do for advertising.

FC Barcelona renews partnership with 1XBET until 2029

FC Barcelona and 1XBET have renewed their Partnership, whereby the online gambling brand will continue to be a Global Partner and Official Betting Partner of FC Barcelona for five more seasons until June 2029.

This extended deal stems from the company’s faith in such a globally renowned brand as FC Barcelona, which intends to continue building its portfolio of partners, always going for consolidated and fruitful partnerships like the one it has with 1XBET.

The agreement will provide exposure for the brand on the Club’s different international digital advertising assets, as well as access to the men’s, women’s and indoor sports team players and as a novelty, Barça Legends to produce promotional content.

Statement by Juli Guiu, vice-president of the FC Barcelona Marketing Area: “The renewal of the agreement with 1XBET is the consolidation of a long-term collaboration that will help us to reassert our commercial strategy in the global sphere. Our aim is to continue working together as we have until now, in liaison with a benchmark brand in the online technology and gambling market.”

Statement by Alex Sommers, spokesman of 1XBET: “We are delighted to continue our partnership with one of the world’s most famous sports brands. In business, as in sports, it is important to be in a team with a reliable partner and work hard to achieve results. The extension of the agreement with FC Barcelona confirms that we are on the right track.”

View From Asia: “Outtakes from the T20 Cricket World Cup”

In his latest View From Asia column, Unmish Parthasarathi, the Singapore-based Founder of Picture Board Partners, Monetisation & Communications practice, shares insights from the recently concluded ICC T20 World Cup.

This last weekend marked the halfway mark of the first FIFA World Cup played in the USA three decades ago, in 1994. Saturday also saw the final match of a Cricket World Cup that was played in the Caribbean but will be remembered as the culmination of the first ICC tournament to also be played in the United States. 

For the record, the first official cricket match between two countries was also played in the USA – in 1844! Back then, the home side beat Canada at the St. George’s Cricket Club, a venue that is located at 30th and Broadway for those more familiar with modern day Manhattan! 

Last Saturday’s final featured India and South Africa – the only two undefeated teams in the tournament – with the former winning a nail biter that ended past 2am for me and the family here in Singapore! 

The 2024 ICC Men’s Twenty20 (T20) World Cup was a three week tournament involving 20 teams, and featuring 55 matches played across six countries in the Caribbean and three US cities; Dallas (Texas), Lauderhill (Florida) and Long Island (New York). 

Matches at the Nassau County Stadium in Long Island over indexed on attention for two reasons amongst many. The first was for the reported $30 Million spent by the ICC to create a pop-up stadiums that would seat 30,000. This may be seemingly small but is larger than any ground in the UK and the six games at this venue generated an attendance of more than 180,000!!!  

The second reason was that one of the six games at Nassau County Stadium hosted the match between India and Pakistan. This fixture has routinely attracted over a billion eyeballs around the world for more than a decade. 

However, the more prominent and hence far bigger and more longer lasting gains were had by the frequent mentions about the ICC tournament in mainstream American media. Stories on CNBC and a front page article in The New York Times were the most notable for those with an international lens. There was regional press coverage too, which is as potent as nationwide media outlets given what is a large and diverse country. It also aligns better with the pockets of demand for Cricket; more on that below. 

Whilst researching for this column, I polled a handful of industry peers about their assessment of the ICC’s first ever event in the United States. All were complimentary. Some noted that the fact that it all went to plan and was normal is in itself the major achievement. One made a telling comment about the $30 Mn spend. She said we must look at this as an investment of a million dollar a year recovered over the next three decades. She illustrated her point by citing how much Football (or Soccer!) has grown, over the same time period, in the United Stares since hosting the FIFA World Cup, in the early 1990s. 

1. Back then, the largest, and the most loyal, fan segment who played Football/Soccer were the first generation immigrants from Latin America, who were largely male. 

2. The following decade saw women take to Football, a far larger demographic segment who took the sport mainstream as typified by the now well-known phenomenon of the ‘Soccer Moms’. 

3. The third decade has been notable for David Beckham’s move to LA Galaxy, Major League Soccer’s global deal with Apple and the exporting of players into Europe like Brad Friedel, who made 450 appearances in goal across four English Premier League clubs. 

Looking ahead, a few other reasons make the future of Cricket in America appear on a sound footing. 

First, their team, having got automatic entry into the tournament as the co-hosts, did extremely well in their first senior event. They beat the 1992 winners, Pakistan, in an epic encounter that will go down as a significant milestone in the annals of its history. 

Secondly, the team is young, averaging 30 so the same batch of players will participate at the next edition in two years when India host the Twenty20 World Cup. The squad is a melting pot typical of the US; coached by a former Australian international, with players who have emigrated from the Caribbean, India, Pakistan, South Africa and New Zealand. 

Third, the installed base of over 200,000 active players. This represents a 4x to 30x multiple of the next three most resurgent cricket countries in the First World: Ireland (52,000) Scotland (24,000), and the Netherlands (6,500). Uncle Sam hosts the largest cricket clusters in Texas, California, Florida and New York with smaller pockets in North Carolina and Colorado.

Fourth, the existence of a domestic league, called MLC (Major League Cricket). This is the pathway pinnacle for young players to aim for from the grassroots with franchises in the south, east and west of the country. Not surprisingly the owners of MLC clubs are Indian immigrants who made good by their financial and technical know how and possess the means to scale the MLC, and potentially faster than the MLS.  

Fifth, the USA and the Women’s Game are agenda items for the ICC, being two of the six pillars of their publicly stated strategy for this decade. This will ensure that the USA stands to gain from programs for the next batch of emerging nations (the Associate Members in ICC nomenclature) that has met with a lot of success in smaller Third World countries such as Afghanistan, Nepal, Papua New Guinea and, most recently, Uganda and Thailand. 

In conclusion, we know that one swallow doesn’t make a summer. However, given the many achievements witnessed during this summer – both on and off the pitch – the future of Cricket in Uncle Sam’s back yard looks more promising than ever before. As ever, Cricket is best played one ball at a time. This is understood by those who play the long game, and is easier said than done for those who don’t! Howzat? 

Chelsea signs BingX as sleeve partner

Chelsea and Principal Partner, BingX, have started the next phase of their partnership, which sees the leading cryptocurrency exchange evolve from a sleeve partner to training wear partner for the Blues. Fans around the world will now see the BingX logo emblazoned on the training apparel of the club’s men’s team for the next two seasons. 

To celebrate the growth of the partnership, Chelsea and BingX collaborated on a unique unveiling of the training wear range. A fleet of drones converged on Stamford Bridge for a special ‘air drop’ delivery of the kit, a play on the mechanic of promoting awareness of a new cryptocurrency. 

This latest campaign follows a successful start to the partnership, which has seen Chelsea and BingX develop a range of activities, focusing on global brand growth, fan engagement and customer experiences. 

Casper Stylsvig, Chelsea FC’s Chief Revenue Officer, commented: “We are delighted to move into this next stage of our partnership with BingX. The first six months working together has already seen us deliver a series of world class campaigns and initiatives, and we are excited at the challenge of going bigger and bolder in the upcoming season. “The campaign launched today to unveil our new men’s training kit gives fans a glimpse of what to expect from our ongoing partnership, which is driven by innovation and a joint commitment to setting industry benchmarks”. 

Vivien Lin, Chief Product Officer at BingX, said: “We are immensely proud to strengthen our partnership with Chelsea, a club that shares our commitment to innovation and excellence. This extended partnership will be driven by our mutual dedication to excellence, going beyond branding to create unforgettable experiences for fans and pushing the boundaries of what’s possible in both football and cryptocurrency. Together, we aim to inspire and empower the future, setting new standards and achieving remarkable milestones.” 

DAZN and X Games inks multi-year broadcast deal

DAZN, the world’s leading sports entertainment platform, and X Games, the global leader in action sport, have signed a ground-breaking multi-year global broadcast partnership which will see DAZN become a global streaming partner for X Games’ distribution of live events. This partnership will offer fans both old and new the opportunity to enjoy all the best action from the live events as well from archive and short and long-form content.

Critically, all X Games content will sit in front of DAZN’s paywall, joining DAZN’s ever-expanding free content offering. This strategic move represents the shared ambition of DAZN and X Games to reach and engage even bigger audiences worldwide. Registered users will also be able to enjoy access to a vast portfolio of VOD content which will live, throughout the season, on DAZN.

Shay Segev, CEO of DAZN Group, said, “This global partnership with X Games represents another
premium addition to our free content proposition. Much like the DAZN platform, X Games is competition rooted in innovation and passion and we are pleased to be playing a significant role in increasing its global popularity. Fans of these events will be able to access the best action at no cost on DAZN’s platform and we look forward to welcoming them to a new home for action sport.”

Scott Guglielmino, President & COO of X Games, said, “We’re delighted to partner with DAZN to provide X Games fans with more access to our brand and the world class athletes that drive it. This is an important next step as we build toward the launch of our X Games Leagues in 2026. X Games Winter and Summer Leagues will provide fans with year-round opportunities to follow and engage with the world’s premier action sports athletes from host cities around the world.”

The X Games have become the premier action sports competition, drawing over 50,000 visitors to the 2023 summer event alone. X Games recently announced the introduction of X Games League, an innovative new take on the competitive structure and events within action sport.

Titans and Disruptors: A Market Cap Analysis of the Sports Business Landscape

Carlo De Marchis “A Guy With A Scarf” pens down this month’s Business Index.

In the dynamic world of sports business, market capitalization serves as a key indicator of a company’s perceived value and future potential. A recent analysis of market caps across various sectors of the sports industry reveals a landscape dominated by tech giants, challenged by emerging players, and marked by significant disparities in scale.

At the apex of this ecosystem sits Apple, with a staggering market cap of $3.22 trillion as of June 24th. This tech behemoth, while not a pure-play sports company, has become increasingly influential in the sports world through its streaming capabilities and partnerships. Its 10.44% growth from the previous month underscores the growing importance of tech platforms in sports content distribution.

Following Apple, we see Amazon ($1.97 trillion) and Disney ($186.9 billion) as other major players straddling the line between tech, media, and sports. These companies’ market caps dwarf those of traditional sports properties, highlighting the increasing convergence of sports with broader entertainment and technology sectors.

In the realm of pure sports properties, Formula One Group leads the pack with a market cap of $16.8 billion, showing a modest 0.96% growth. This figure, while impressive within the sports industry, illustrates the vast scale difference between traditional sports entities and the tech giants now shaping the sports media landscape.

The disparity in market caps becomes even more pronounced when we look at individual sports teams. Manchester United, one of the world’s most recognized sports brands, has a market cap of $2.7 billion – less than 0.1% of Apple’s value. The 3.52% decline in United’s market cap, contrasted with Juventus’s 12.44% growth (to a market cap of $0.9 billion), demonstrates the volatility inherent in sports team valuations.

In the apparel sector, Nike maintains its dominant position with a market cap of $147 billion, dwarfing competitors Adidas ($42 billion) and Puma ($7.2 billion). Nike’s 6.15% growth compared to Adidas’s 2.35% decline and Puma’s 8.17% drop suggests a consolidation of power in the sports apparel market.

The emerging sectors of gaming and sports betting present an interesting contrast. While their market caps are generally smaller than traditional sports entities, their growth rates are often higher. Roblox, for instance, saw its market cap grow 9.89% to $23 billion, while DraftKings grew 1.02% to $19.9 billion. These figures, while far from the trillion-dollar valuations of tech giants, represent significant value in rapidly growing sectors.

Perhaps most telling is the comparison between sectors. The combined market cap of the six sports properties listed (Formula One, TKO, MSG Sports, Manchester United, Juventus, and Borussia Dortmund) totals approximately $34 billion. This figure is dwarfed by Nike alone, and is less than 10% of Netflix’s $289.7 billion market cap.

This disparity doesn’t necessarily indicate a decline in the popularity of sports. Rather, it reflects a shift in how value is created and captured in the sports business ecosystem. While live sports remain a premium content asset, the platforms that distribute this content and the companies that leverage sports for marketing are often capturing a larger share of the total value.

The betting sector provides another interesting perspective. Flutter Entertainment Group, with a market cap of $33.2 billion, is approaching the combined value of all the sports properties in our index. This underscores the growing economic importance of sports betting and its potential to reshape the financial dynamics of the sports industry.

Looking ahead, these market cap figures suggest several key trends:

1. The increasing influence of tech and media companies in shaping the sports business landscape

2. The potential for consolidation in sectors like apparel, where scale seems to provide significant advantages

3. The rise of gaming and betting as major value drivers in the sports ecosystem

4. The challenge for traditional sports properties to grow their valuations in a rapidly evolving market

For investors and industry leaders, these trends present both challenges and opportunities. Traditional sports entities may need to innovate and form strategic partnerships to compete with tech giants and capture more of the value they create. Meanwhile, emerging sectors like esports and sports betting may offer high-growth potential, albeit with higher risk.

In conclusion, the market cap analysis of the sports business landscape reveals an industry in transition. While the passion for sports remains as strong as ever, the business models and value chains are evolving rapidly. Success in this new environment will require agility, innovation, and a willingness to challenge traditional boundaries between sports, entertainment, and technology.

Here’s the full index: