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:

MotoGP extends agreement with Ziggo Sport until 2029

MotoGP has extended its agreement with Ziggo Sport for a further five seasons. The Dutch broadcaster will continue to bring fans across the Netherlands exclusive, live coverage of the world’s most exciting sport, including all practices, qualifying sessions, the Tissot Sprint and Grand Prix races.

The new agreement will see fans continue to enjoy live coverage of MotoGP™, Moto2™ and Moto3™, as well the FIM Enel MotoE™ World Championship. Ziggo Sport also offers pre- and post-race analysis from their expert panel of commentators, giving fans unrivalled insight into the action, and exclusive rider and team interviews.


Audiences on Ziggo Sport have been impressive in 2024, with increases on 2023 seen across the board. That’s as MotoGP™ continues to enjoy its closest season of all time, with the average winning gap hovering around a second over the first seven Grands Prix – the lowest in history. In addition, Dutch rider Collin Veijer (Liqui Moly Husqvarna Intact GP) is making waves in the Moto3™ class, already a two-time winner as he fights for the crown.

Marcel Beerthuizen, director of Ziggo Sport, said: “The interest in MotoGP in the Netherlands is growing enormously, partly thanks to the spectacular races full of overtakes and different winners, and of course due to the success of Collin Veijer in Moto3. Ziggo Sport is committed to further growing this sport and allowing all motorsport fans in the Netherlands to enjoy the successes of our national heroes.”

Dan Rossomondo, CCO of MotoGP rights holder Dorna Sports, said: “Ziggo Sport has proven to be a great ambassador for MotoGP in the Netherlands over the past three years. Together, we continue to promote the world’s most exciting sport in the country and we can see that clearly paying off in 2024 as audiences soar. With Ziggo Sport, we have a forward-thinking partner with extensive knowledge and expertise, offering top quality MotoGP content on the various Ziggo Sport platforms. We’re very happy to continue working together.”

MotoGP™ now heads for the TT Circuit Assen for the 75th edition of the iconic Dutch TT, just as MotoGP™ celebrates our 75th anniversary. More history is sure to be made this weekend, so tune in for the Motul TT Assen as MotoGP™ arrives at the Cathedral.

The World Round-up: What have we learnt over the past three weeks

Over the last three weeks, we have been jetting around the world and had fantastic insights from Africa, US and Asia.

View From The US: DOJ’s Ticketmaster-Live Nation Case Has Seats For Sports Fans

In this View From The US piece, Michael McCann , Legal Analyst and Senior Sports Legal Reporter of Sportico explains more about the US Department of Justice’s latest decision to breakdown on Live Nation and Ticketmaster.

Read the full piece here.

View From Asia: “The 2024 TATA IPL Report Card”

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 Indian Premier League.

The 17th edition of the Indian Premier League (officially called TATA IPL 2024) ended recently with the Kolkata Knight Riders (KKR) winning their third title.

Read the full piece here.

View From Africa – Apt time to invest in the growth story of African Sports

In this week’s View From Africa piece Cynthia Mumbo, CEO of SportsConnect Africa highlights the growing sports economy of Africa.

When it comes to sports, Africa is becoming a hotspot. With an average growth rate of 5% over the past 20 years, the sports economy is accelerating at a positive rate. On a global scale, sports account for about 1.2 trillion euros, or 2% of GDP, but only 0.5% of Africa’s GDP, although growth forecasts predict an 8% increase. Total revenue in the Sports market is projected to reach US$5.57m in 2022 and the total revenue is expected to show an annual growth rate (CAGR 2022-2027) of 9.75%, resulting in a projected market volume of US$8.87m by 2027.

Read the full piece here.

The sports media has a responsibility not to fuel the fires of discrimination

In this week’s Member Insights piece, David Alexander, the founder and MD of Calacus PR spotlights why media should be responsible.

When England drew with Iceland in their final match before the start of EURO 2024, the back pages and online news portals mostly featured images of Bukayo Saka, the Arsenal winger who had only been on the pitch in the latter stages of the game.

Saka was vilified when he missed England’s last penalty that ultimately handed Italy the EURO 2020 title, but the winger has shown dignity and talent consistently to underline his status as both a fine footballer and a great role model.

In the aftermath of the final defeat at Wembley, Saka received thousands of cards which were shown to him at Arsenal’s training ground to counter-balance the abuse and trolling he had experienced.

The following season, even fans of arch rivals Tottenham Hotspur applauded Saka and displayed a banner showing him their support and calling for an end to racism and discrimination.

The Tottenham fans have changed their tune recently, chanting “You let your country down!” during their 3-2 home defeat to Arsenal in late April, underlining the criticism Saka has continued to endure.

So why was Saka’s image used for that defeat to Iceland, despite only coming on in the 64th minute and not being on the field when the winning goal was conceded?

As Morgan Ofori wrote in The Guardian: “In some senses it is easy to see how this happened. The pictures of the Arsenal winger throwing a paper plane off the pitch – cue “Plane awful” headlines in the Daily Mail and Sun, and “England take a nosedive” in the Daily Telegraph – offered something different from the usual dejected player. Others featured a picture of Saka sprawled on the ground. Such decisions are made quickly by editors working to tight deadlines.

“Using a young black English player as the symbol of disappointment, regardless of his contribution to the result, carries baggage. Anyone covering the national team should be aware of the historic vilification of black players and the editorial line should be unapologetically anti-racist.”

Darren Lewis, President of the Sports Journalists’ Association and a fierce advocate for equality, wrote eloquently about the responsibility the media has not to scapegoat players undeserving of individual blame.

As he pointed out, England’s black players have faced challenges ever since John Barnes, Andy Cole and latterly Raheem Sterling put on the three lions shirt and faced disproportionate abuse when doing so.

He tweeted: “Just because I work in the media it doesn’t mean I can’t acknowledge the concern about Bukayo Saka being used as the face of England’s defeat and poor performance – despite other players performing worse – across a number of platforms last night. If anything it is even more my job. 

“Especially when he was a) a substitute and b) one of the players targeted after England failed at the last Euros. It is a reminder that we need to think about EVERYTHING put into the public domain.”

Tony Burnett, CEO of Kick It Out, the anti-discrimination charity, called on the media to remember their responsibilities and said in an open letter: “Newspapers, websites and even national broadcasters chose to portray Bukayo Saka as the scapegoat – once again – for England’s defeat by Iceland. 

“This was despite him playing a bit-part role in the game, and coming onto the field after the winning goal was scored. Has the media learned nothing?

“I shouldn’t need to remind you that the impact of black players being targeted in the media has a long history and is felt far and wide. It sends a message that they are not welcome, that they are only a misplaced kick from being vilified and it sends a message to online abusers that targeting players is fair game.

“But it also sends a message to fans from black and ethnic minority communities that they do not belong or can be abused too. Those points need to be considered when writing headlines or selecting images as deadlines approach. The words and pictures travel a long way, hitting harder than you might realise.

“The media needs to remember its responsibilities to not only report on discrimination but actively combat these issues and remind itself that it plays a crucial part in how players, fans and communities feel about themselves and their rightful place in football.”

Former Arsenal and England striker Ian Wright also posted: “Now more than ever let’s get behind & support these young people. We can all see what’s happening & who’s being set up to be the face of defeat. 

“We are going to be gas lit with explanations & justifications, but those deciding who goes on the back pages know what they’re doing. Let’s keep our energy focused on giving these players pure love & support throughout the tournament.”

Of course, the media have to be allowed to make reasonable editorial decisions and have to be able to choose images based on fair and reasonable editorial planning.

But they also have a responsibility not to single out individuals or one group of players disproportionately when the inevitable consequence is that those players then get abused.

Some might argue that if you play sport at the highest level, you reap the financial rewards and so are fair game for criticism from the media and terraces. 

When mistakes happen, when defeats occur, when disappointment reigns, players rightly come in for criticism. A black England footballer should not be immune from criticism if it is warranted.

But with division and culture wars becoming regrettably more prevalent, it’s time for the sports media to lead the way and set an example, rather than castigate young men who make a mistake – or not – on the field of play.

Click here to know more about Calacus Sports PR.

Juventus and Fanatics inks retail and licensing partnership

Juventus and Fanatics, a digital sports platform and a global leader in licensed sports merchandise, have announced a wide-ranging partnership across ecommerce, retail, manufacturing and licensing that will see Fanatics manage all aspects of Juventus’ merchandise offering worldwide.

The new partnership, one of the most comprehensive and ambitious club deals ever agreed in sports merchandising, will run until the end of the 2034/2035 season, with Fanatics working alongside Juventus to grow its brand and merchandise offering to fans across Italy and into every corner of the world.

Fanatics, which as part of the deal will become the master licensee for the Juventus merchandise portfolio, will operate the business from its Fanatics Italy headquarters, utilizing both its local expertise and its global capabilities to deliver a world-class experience and access to products for Juventus fans all over the world.

Juventus, the most successful club in Italian football and renowned across the world for its iconic black and white striped jersey, will benefit from Fanatics’ extensive experience around product manufacturing and distribution, ecommerce operation, physical retail excellence and a vast licensee network. Fanatics is known for working with top sports properties and organizations in enabling them to reach existing, and attract new fans with exciting product collaborations, relevant local designs, and a breadth of choice for all supporters of the club.

“The world of merchandising has undergone an incredible evolution over the last ten or so years thanks to the entry of a player like Fanatics, which has revolutionized the industry across the world,” said Francesco Calvo, Managing Director Revenue & Football Development at Juventus. “We are proud to join forces with a global leader like Fanatics for the development of such a strategic and fundamental part of our business. This partnership will allow us to get closer to our fans all over the world, thanks to global distribution and new investments that Fanatics will make in agreement with Juventus to develop our business to create a truly world class offering to our supporters.”

Fanatics, which partners with more than 900 leading sporting organizations, teams and leagues in the world including several leading European football clubs, UEFA, NFL, NBA, MLB, NHL, International Olympic Committee and Formula One, has more than 80 offices and facilities worldwide, a network of over 2,000 physical retail locations, and a multilingual digital platform capable of reaching millions of fans across the world. Through the newly revamped online store, Juventus fans across the world will have access to an innovative shopping experience, providing access to one of the widest ranges of Juventus merchandise ever made available.

“Juventus is one of the iconic clubs in world football” said Stephen Dowling, President of International at Fanatics. “The club is recognized and supported across the globe, it leads the way both on and off the pitch, and we are honored to be working with it to revolutionize the experience for its fans both instore and online, through new product designs and better availability worldwide. This new partnership is one of the most ambitious we have ever agreed with an individual club, and it is testament to Juventus’ forward thinking and progressive mindset that we have agreed such a comprehensive and groundbreaking deal.”

Lorenzo Forte, CEO of Fanatics Italy, said: “We understand the history and significance of Juventus to both Italian and global football, and the Fanatics team based here in Italy will work non-stop to make sure that Juventus fans, both in Turin but also across the world, are given a world-class service, world-class products and world-class experience when they visit us. Our knowledge and understanding of football here in Italy is unrivalled, and we can’t wait to begin our new partnership together with this historic club.”

Pittsburgh Pirates signs Sheetz as first jersey patch partner

The Pittsburgh Pirates and Sheetz have announced a multiyear partnership in which the popular convenience store chain will immediately become the team’s first-ever jersey patch partner.

The Pennsylvania-based retailer will now have its logo featured on the sleeves of Pirates home and road jerseys. Pirates front office officials, outfielder Bryan Reynolds, pitcher Jared Jones and Pirates RBI players joined Sheetz executives on the field as part of the announcement.

Major League Baseball and the MLB Players Association approved the use of sponsor patches on jerseys at the beginning of the 2023 season as part of a new collective bargaining agreement.

The sponsorship agreement seeks to solidify Sheetz as an iconic staple in the Western Pennsylvania region while also raising its national brand recognition. It will also feature marketing efforts and collaborations that will engage Pirates fans and Sheetz customers — including ballpark signage, in-game activations and unique social and digital content.

“If you take our market area and the Pirates’ fanbase and overlay those two, you’d be hard pressed to find many gaps,” Sheetz president & CEO Travis Sheetz said. “For sure, we think from a customer standpoint, a brand-awareness standpoint and a brand reputation standpoint, this is a great connection.”

Another important aspect of the partnership will focus on various community-based initiatives developed by the Pirates and Sheetz. The organizations share a proud interest in supporting local youth teams and other nonprofit organizations. Through the partnership, the Pirates and Sheetz will look to amplify their collective support of such efforts.

“We are thrilled to expand our partnership with Sheetz and the Sheetz family,” Pirates chairman Bob Nutting said. “Like the Pirates, Sheetz is an iconic local brand that is a part of everyday life in Pittsburgh and throughout Western Pennsylvania. Sheetz is a family-owned company that shares in our strong commitment to making a positive impact in the lives of others in our community. With so many commonalities, Sheetz is the perfect partner to be featured on our first-ever jersey patch.”

Sports Broadcasting in the Age of AI

The convergence of AI and sports broadcasting creates a powerful synergy. Blending data-driven insights with creative storytelling. The wide-reaching platforms of broadcasting, provide the perfect canvas for AI to paint personalised and engaging experiences. This fusion is redefining how broadcasters understand their audience and is unveiling exciting possibilities for the future. It is not just about optimising processes; AI has been instrumental in reshaping the landscape of creativity and efficiency in sports broadcasting.

Personalisation: The AI Advantage

Generic sports ad campaigns are a thing of the past, thanks to AI’s ability to understand and predict individual preferences based on user behaviour. By analysing data points, such as browsing history, social media interactions, and content engagement, AI enables sports broadcasters to tailor advertisements that resonate on a personal level. This disposition towards hyper-targeted content maximises viewer engagement.

Predictive Analytics for Targeting

The convergence of AI and sports broadcasting equips broadcasters with the capacity to understand the present and anticipate the future. Predictive analytics, fueled by AI algorithms, decipher patterns and trends from historical data to forecast viewer behaviour. The predictive approach redefines how broadcasters make real-time decisions, optimising content choice, ensuring the effectiveness of advertising campaigns, and maximising engagement.

Unified Collaboration

AI-based video editors are revolutionizing the sports editing process by eliminating low-level communication essential to legacy solutions. Meta-tags, for example, enable auto-generation of highlights based on specific criteria, saving considerable working hours. These platforms centralise all video editing activities, allowing for seamless collaboration and auto-personalisation, where brands can imprint each video with their own identity effortlessly.

Create and Influence

There are currently over 200 million content creators worldwide, with an average of six and a half months needed for creators to earn their first dollar. Only 10% of influencers manage to earn $100K or more annually. As of 2023, the global influencer market is valued at $21.1 billion. Around 84% of the UK’s online residents follow influencers or content creators, based on the Statista Consumer Insights Global survey 2023.

The demand for content generated and consumed on social media necessitates automated support to facilitate strategic creativity. Incidentally, it is a numbers game, and success hinges on effectively captivating the audience, which directly corresponds to the pertinence and ingenuity of the content. Broadcasters need to leverage social media to strengthen their connection with viewers and drive traffic to channels and platforms. But they are competing against an ocean of user-generated content. AI tools can help to quickly populate social platforms with engaging clips and heart-stopping highlights.

Embracing the New Era

The broadcast technology industry stands on the cusp of a new era focused on AI and digitalization. Sports fans can await ultra-high-definition content, immersive experiences, and personalised viewing recommendations, while sports broadcasters benefit from AI’s efficiency in content creation, advertising, and security. Embracing AI is crucial for industry players to remain competitive and ensure broadcast excellence. As AI continues to develop, its potential to shape the future of audio-video production is limitless, promising a dynamic and innovative broadcasting landscape.

Especially for you: Content Customisation

Employing AI and machine learning algorithms, allows platforms to analyse sports fans behaviour and identify differences between demographics. Employing the data, it is possible to tailor recommendations, providing bespoke experiences for viewers. To fully understand preferences, ensure a customised content experience for the audience based on individual interests and demographics.

The development of generative AI models has prompted important considerations regarding the definition of creativity and how editing professionals can adopt AI to enhance their work processes. These AI tools have the potential to assist in sports content production. The objective is to empower all creative professionals in their current and future collaboration with AI through the creation of participatory AI systems.

An AI-driven Future

The integration of AI into broadcasting has sparked both concern and excitement, redefining roles and workflows within the sports broadcast industry. But AI isn’t just about optimising tasks; it’s a catalyst for reshaping creativity and efficiency in sports broadcasting. By blending data-driven insights with storytelling, personalised experiences become the norm, transforming how sports broadcasters engage their audiences. Predictive analytics forecast viewer behaviour, while AI-powered tools streamline editing and content creation, amplifying collaboration and personalisation effortlessly. 

As communication evolves, AI becomes instrumental, helping to deliver exciting new immersive experiences and changing the way we experience sports content. In the race to create more content than ever, AI-driven support becomes essential, helping sports broadcasters navigate a multi-platform strategy that leverages both long and short-form content. As we embrace this new era, AI’s potential remains limitless, promising a dynamic and innovative future for sports fans.

The writer Meghna Krishna is CRO of Magnifi.

Satisfi Labs, an AI-powered platform acquires Factoreal

Satisfi Labs, an AI-powered Conversational Experience Platform for destinations and experiences, has acquired Factoreal, an omnichannel marketing automation platform focused on simplifying the martech experience across sports and entertainment.

The strategic acquisition accelerates Satisfi Labs’ vision of building a comprehensive Conversational Experience Platform, bringing together inbound and outbound messaging capabilities. Combining the power of these two platforms sets the stage for the future of customer engagement, driven by conversational AI technology.

Satisfi Labs is advancing AI-powered chat experiences with intuitive interactions for businesses and consumers. Factoreal’s API-first integration network with brands like Shopify, SeatGeek, and Ticketmaster, enhances Satisfi Labs’ partner ecosystem. This amplifies conversational capabilities and supports Satisfi’s strategy to build a robust partner network.

The unifying of the platforms introduces a new way of managing customer-to-brand engagement through chat experiences, which Satisfi Labs calls Conversational Journey Management.

Initial capabilities to launch:

Intent-based journeys to personalize omnichannel communication campaigns
AI agents capable of multi-channel outbound actions triggered by user behavior
New integration builder for partners to connect to an AI agent journey manager
“We are thrilled to announce the acquisition of Factoreal to bring a more interactive AI experience to our client base,” said Donny White, Co-founder & CEO of Satisfi Labs. “This move aligns with our mission to ‘make AI hireable’ and deploy AI agents that go beyond answering questions or transacting in chat. Conversational journey management enables proactive and reactive marketing campaigns triggered by real-time intent data, boosting engagement opportunities.”

“Factoreal and Satisfi Labs coming together ushers in a new era of omnichannel journey orchestration powered by the exploding nature of conversational AI capabilities,” said Aditya Dhruva, Co-founder & CEO of Factoreal. “Imagine a world where conversational AI is with you on the right channel, at the right time with the right message – making it pervasive, efficient, seamless, and global is our vision.”

Over the next year, Factoreal will be integrated into the Satisfi Labs platform. Factoreal works with brands like the United Soccer League, Gwinnett Stripers, Chattanooga FC, Las Vegas Aviators, Mumbai City FC, Fanxp, Warrington Wolves, and many more.

Apt time to invest in the growth story of African Sports

In this week’s View From Africa piece Cynthia Mumbo, CEO of SportsConnect Africa highlights the growing sports economy of Africa.

When it comes to sports, Africa is becoming a hotspot. With an average growth rate of 5% over the past 20 years, the sports economy is accelerating at a positive rate. On a global scale, sports account for about 1.2 trillion euros, or 2% of GDP, but only 0.5% of Africa’s GDP, although growth forecasts predict an 8% increase. Total revenue in the Sports market is projected to reach US$5.57m in 2022 and the total revenue is expected to show an annual growth rate (CAGR 2022-2027) of 9.75%, resulting in a projected market volume of US$8.87m by 2027.

With Morocco announced to be one of the co-hosts for the Men’s 2030 Football World Cup, there is an increased demand for international sporting competitions to be held in Africa. The Confederation of African Football (CAF) has reportedly given its agreement in principle for the next African Cup to be hosted in Morocco as well in July through August of 2025.

The fact that Africa is home to the world’s youngest population, with 70% of its people under the age of thirty, it has plenty to offer. Africa in 2023 hosted premier tournaments across sports like the Women’s T20 Cricket World Cup and the Netball World Cup, while Cape Town became the first African city to host a Formula E ePrix. In 2027, South Africa is set to host the ODI Cricket World Cup in partnership with Namibia and Zimbabwe. Other large sporting events in the pipeline include the long-awaited return of Formula 1 to the continent.

Furthermore, the NBA has announced talks to host a pre-season game in Africa, building on previous exhibition matches held on the continent in 2015, 2017, and 2018. The NBA also unveiled its Basketball Africa League (BAL), which acts as a feeder league to the NBA and was facilitated by an existing ecosystem of the sport across the continent. The NFL too was launched in 2022 and since then NFL Africa has established football infrastructure and has created new pathways for young African athletes to pursue their love of the game.

Plus, as more African mixed-martial arts fighters rise through the ranks, the UFC plans to hold its first African event, with Senegal as the leading candidate to host it. Additionally, international mass participation bodies like Iron Man and trail running’s UTMB World Series have hosted events on the continent for several years.

Therefore, the time is ripe for any brand and organisation to invest in the growth story of African sports. Africa boasts of a vibrant sporting media landscape, with domestic players like SuperSport and international broadcasters such as ESPN and Canal+ capable of bringing events hosted on the continent to both local and global screens.

Tune in to our event “Exploring Commercial Opportunities in Middle East and Africa” on 27th June from 11am to 1 pm to hear experts dive deep into this topic. Register by clicking here.

Virat Kohli’s WROGN gets $15m investment from Aditya Birla Group

TMRW House of Brands, an Aditya Birla Group Venture, announced the expansion of its portfolio with an INR 125Cr investment in Accel and Virat Kohli backed WROGN.

Founded in 2014, by the brother-sister duo of Anjana and Vikram Reddy, WROGN has been one of the leading youth brands in India in the casual wear space. With this investment, TMRW added another leading millennial-focused Fashion & Lifestyle brand with a premium and distinctive design positioning, making the overall portfolio of 8 high-value Indian fashion brands.

Since its inception, WROGN has gained popularity in India, particularly among the youth, due to its trendy designs, quality, and association with Virat Kohli, one of India’s most prominent and influential cricketers. The brand has also expanded its presence through online and offline retail channels, having a loyal customer base across the country. With the partnership with TMRW, WROGN is ready to unlock its next phase of omnichannel growth. Apart from strengthening its leadership position on fashion platforms like Myntra, this partnership will help expand its offline footprint while providing impetus to scaling up the D2C business. With TMRW’s investment and capabilities, WROGN has a path to become the leading brand in the men’s casual & activewear category with a path to 1500 Crs in the next 5 years.

Anjana & Vikram Reddy, Founders of WROGN expressed their enthusiasm for the collaboration, stating, “From the outset, we have always questioned the norms and looked beyond the conventional. WROGN was built with the same go-getter attitude, striving for excellence, and delivering high-quality fashion to all. Now, as we partner with TMRW, we are excited to take the significant leap forward in the journey we’ve always envisioned. Together, we are ready to disrupt the fashion industry in a never-seen-before way.”

Speaking about the latest addition to the house of brands, Prashanth Aluru, CEO and Co-founder of TMRW said, “I am thrilled to welcome WROGN to the TMRW House of Brands. Over the years WROGN has carved a leadership position for itself with excellent product-market fit along with disruptive brand building. Talk about celebrity-led Indian fashion brands and WROGN will easily be the first on your mind. With the deep category & brand building experience as well as the tech-led scaling path that TMRW brings, we are confident that we will be able to elevate WROGN to an iconic status! As strategic partners to their blitz scaling journey ahead, we are deeply committed to the collaboration with Anjana & Vikram who have demonstrated phenomenal capabilities as founders & leaders.’

Virat Kohli’s association with WROGN reflects his interest in fashion and his desire to engage with his fan base beyond cricket. He has become synonymous with WROGN, resonating with customers through his distinct style and personality. Speaking of the partnership, Indian Cricketer, Virat Kohli, said, “Success in a game of cricket as well as in a business venture is guaranteed when the entire team plays to win. Joining forces with Anjana and Vikram has been nothing short of successful with the amazing teamwork done to raise the bar in fashion. And now, TMRW’s partnership brings an exhilarating new chapter for us, as we share a goal to revolutionize the fashion industry. I am thrilled about the incredible journey ahead and confident that we will reach remarkable heights together.”

Mahendran Balachandran, Partner at Accel said, “WROGN has created a highly differentiated brand in the competitive world of retail fashion. Anjana and Vikram are visionary founders who have been able to identify the right partnerships to create disruptive outcomes. We are excited about this new collaboration that will bring all-round synergies to take WROGN to the next level.”

As per a recent report by TMRW X Bain & Company, the fashion and lifestyle space is India’s second largest consumer category, valued at $110 billion with approximately 10% online at $11 billion. The online fashion market overall is expected to grow to approximately $35 billion by the financial year 2028 (FY28) at a 25% CAGR. E-commerce has democratized access to fashion, including fashion brands. The category has seen around 30% historical growth, compounded annually, since 2019. TMRW House of Brands with its existing expertise and strong legacy is primed to make the most of this opportunity & foster growth for its brands across fashion and lifestyle categories.