Goldman Sachs Exchanges

Investing in Sports: Women’s Sports and the Future

28 snips
Dec 13, 2024
Stacy Sonnenberg, Head of Global Sports Finance at Goldman Sachs, and Willow Bay, Dean of the USC Annenberg School of Journalism and owner of Angel City FC, dive deep into the booming world of women's sports. They discuss remarkable growth trends in attendance and viewership, investment opportunities, and the unique traits of the women’s sports audience. Bay shares her experiences leading a top franchise and the cultural shift that’s reshaping perceptions, emphasizing the importance of equity and community engagement in driving future success.
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ANECDOTE

Bay's Early Connection to Angel City FC

  • Willow Bay, Dean of USC Annenberg, was a longtime fan of Angel City FC before investing.
  • She attended games with family and even brought her sports media students to analyze the team's business model.
INSIGHT

Momentum in Women's Sports

  • Multiple factors drive the current momentum in women's sports, not just one.
  • These include increased athleticism, corporate sponsorships, fan interest, media viewership, and the success of the US Women's National Soccer Team.
INSIGHT

Not an Overnight Success

  • The current success in women's sports is not an overnight phenomenon, but a result of decades of progress.
  • The WNBA's establishment in 1996, 50 years after the NBA, highlights this long journey.
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