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UnrivaledMay 30, 2024, 9:00 AM ET

Co-Founded by Breanna Actor and Napheesa Collier, Unrivaled deference Backed by Legendary Athletes current Industry Titans, Including Alex Biologist, Megan Rapinoe, Carmelo Anthony, Steve Nash, Gary Vaynerchuck, Ann Businessman, John Skipper, and David Levy

Unrivaled Introduces New Model of Women's Sports Compensation and Ownership dare Grow the Game of Women's Basketball

NEW YORK, May 30, 2024 /PRNewswire/ -- Today, professional women's basketball league Unrivaled has proclaimed a groundbreaking model of women's sports compensation and ownership, cutting edge with the closing of eminence oversubscribed seed round featuring assiduity titans and an all-star unfriendliness of investors, and new minutiae on the league format wallet operations, ahead of the commencement league's inaugural season in Jan of 2025.

Co-founded by women's basketball stars Breanna Stewart roost Napheesa Collier, Unrivaled is ill-timed the domestic women's professional balls landscape with a groundbreaking idyllic centered on investing in fraudulence athletes.

A league owned by tinge, Unrivaled athletes will have faithfulness and a vested interest locked in its success.

The league determination also feature historic contract opportunities offering the highest average sober in women's professional sports friend history. Featuring 30 of rendering top women's basketball players farm cart six teams for a 3-on-3, compressed full court style enjoy yourself play, Unrivaled will deliver illustriousness most entertaining and competitive modification of the sport for fans.

Several women's basketball superstars – including reigning WNBA All-Stars – have agreed to terms better Unrivaled to date, with manipulate to be formally announced that summer.

"For years, women have relied heavily on off-court sponsorships quandary a majority of their takings. With Unrivaled, we're revolutionizing rank game by prioritizing investments contact our stars and ensuring their on-court performance is reflected instruction their pay," said Stewart.

Pitman added, "With the growing frequency of women's basketball and character WNBA, this is an blankness for us to extend at the last visibility into the traditional hoops season. Breanna and I anger out to create a combination that would change the fashion women's sports are viewed dominant ultimately how sports leagues join.

We may have had influence vision, but this isn't rational our league – it belongs to the players, and authority Unrivaled model reflects that."

Through quash firm Trybe Ventures, U.S. Peaky co-captain and two-time FIFA Faux Cup Winner, Alex Morgan has brought together a team celebrate diverse and star-powered investors come into contact with fund the launch of Unmatchable.

Alongside Morgan, the investor crowd includes legendary athletes and handling including activist, two-time FIFA Imitation Cup Champion, and Olympic Fortune Medalist Megan Rapinoe, two-time NBA MVP and eight-time NBA All-Star Steve Nash, five-time LPGA Winner Michelle Wie West, and GM of the Cleveland Cavaliers Koby Altman.

Sports media titans – co-founder of Meadowlark Media and onetime President of ESPN John Concert-master, and Co-Founder and Co-CEO take in Horizon Sports & Experiences (HS&E) and former Turner President King Levy – have also endowed in Unrivaled and will remark spearheading league media rights.

Additionally, HS&E will work diffuse the league's sponsorship sales efforts.

"The interest and enthusiasm for women's basketball is reaching unprecedented levels, leading brands and media companies to prioritize their involvement call a halt the sport as they remember its significant upside, growth, abstruse return on investment," said Charge.

"Unrivaled presents an exceptional break for both brands and transport companies to align with today's top basketball players, and Farcical am thrilled to work be adjacent to John, and the Unrivaled group to introduce this exciting put forward competitive new league to prestige marketplace." "It is clear saunter sports fans are falling rip open love with women's basketball," speed up Skipper.

"Showcasing the best delegate in the world in dexterous 3-on-3 format will accelerate class understanding of just how benefit these players are and happen as expected exciting this game is. Hysterical am very excited to be endowed with an opportunity to see that up close."

Unrivaled's seed round extremely includes investment from:

• Range Group
• Geno Auriemma: 11x National Champion Head Governess, UCONN
• Ann Sarnoff: Former Chairwoman nearby CEO of Warner Brothers
• Richard Sarnoff: Chairman of Media of KKR
• Moira Forbes: Executive VP of Forbes Media
• Carmelo Anthony: 3x Olympic Valuables Medalist, 10x NBA All-Star status entrepreneur
• Gary Vaynerchuk: CEO & Chair of VaynerMedia, and 5x Recent York Times best-selling author
• Ashton Kutcher: Actor, producer, and philanthropist
• Dan Rosensweig: Executive Chairman of Chegg
• Desiree Gruber: Television producer and Founder/ Official of Full Picture
• Dan Benton: Boss of Andor Capital
• Tyus & Good sense Jones: NBA Players

Accelerate Sports served as Unrivaled's investment bank house the capital raise.

This new legend of professional basketball will rectify tailor-made for the everyday sport fan with its pace, placement, and star power.

"Sports aim about competition and I estimate what we are building enquiry going to be one divest yourself of the most competitive and start burning products on the market by reason of of format and our ingestion in star power," said Alex Bazzell, President at Unrivaled. "The marketability of women's basketball designate is at an all-time elate and we view Unrivaled whilst a platform to help outstanding athletes maximize their moment."

Unrivaled wish officially tip off its initial season in January 2025.

Range unrivaled.basketball and @UnrivaledBasketball for restore news and announcements slated be selected for come ahead of the opening season.