I attended the espnW Summit Canada earlier this month. It was a breath of fresh air, not only because of the positive vibe in the room but the beautiful indoor-outdoor setting!
It was inspiring to hear many of the new league leaders wanting to both leverage best practices and rethink traditional norms.
Drawing on my 15+ years in and on the business side of sports, and as business owner, I've put together some of my key takeaways from the event.
Research from Canadian Women & Sport | Femmes et sport au Canada and others shows that we're not just pulling fans from existing viewership but attracting a new, diverse audience.
This is reminiscent of how Cirque du Soleil reimagined the industry by merging music, dance, and theatre to create an entirely new market. Similarly, women’s leagues are opening doors to underrepresented groups and thinking about tweaking the product to create unique aspects of the game.
As Billie Jean King aptly put it, "Women's sports are now seen as an investment, not a charity." The Canadian professional women's sport market is ripe for development.
The Major brands are taking notice but so too are the venture capitalists and angel investors who are apt at identifying burgeoning industries and markets. They also bring different perspectives and viewpoints.
Women athletes have mastered social media to connect deeply with fans, a necessity due to historically limited broadcast visibility. This has led to deep rooted, authentic bonds with fans who have worked harder to support and follow.
Leaders on the stage echoed the need for rapid learning and adaptation, adopting startup-like mindsets and implementing quick feedback loops with fans and athletes ensuring they stay relevant and ahead of the curve.
No team names? No problem! We launch anyway and name them later. Done!
So. much. opportunity! Boxy jerseys and fan gear haven’t evolved all that much over the years. Let's talk about inclusive sizing, styles and cultural aesthetics and ways to incorporate more lifestyle and household brands.
If the merch at the conference was any indication, there's lots of room to think outside the box/rink/ring and bring in new sponsorship categories.
I'm so excited to follow and participate in the growth of the entire ecosystem—there's ample space to leverage the tried-and-true best practices while also to explore the "white space" where innovation can thrive.
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