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New basketball league Unrivaled lands star-studded investor lineup, aims to pay highest average salary in women's pro league sports - TL;DR CNBC

New basketball league Unrivaled lands star-studded investor lineup, aims to pay highest average salary in women's pro league sports

Publishing timestamp: 2024-05-30 08:30:01


Summary

WNBA stars Breanna Stewart and Napheesa Collier's new pro women's basketball league, Unrivaled, has closed a round of funding from sports and media investors. The league will offer players equity and the highest average salary in women's pro sports league history. The star-studded investor lineup includes former ESPN president John Skipper and former Warner Bros. CEO Ann Sarnoff, among others. The league aims to provide another option for women basketball players to play in the U.S. during the offseason and boost salaries.


Sentiment: POSITIVE

Tickers: MSNKEWBD

Keywords: cathy engelbertwarner bros discovery incbreaking news: businessmediawnbamorgan stanleyalex morgangeno auriemmabasketballbusiness newsnike incwnba teamsbreanna stewartjohn skipperwnba basketballsportsalex bazzellbusinessnba basketballmegan rapinoemichelle wie westunited statescaitlin clarkcarmelo anthony

Source: https://www.cnbc.com/2024/05/30/new-womens-pro-basketball-league-unrivaled-nets-star-investors.html


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