International Focus Magazine Vol. 3, #9 | Page 31

THE RISE OF WOMEN’S SPORTS IDENTIFYING AND MAXIMIZING THE OPPORTUNITY The rate of change in women’s sports is one of the most exciting trends in the sports industry right now. For rights holders, brands and the me- dia, this represents a chance to develop a new commercial proposition and engage fans in a dif- ferent way. Tennis and golf have led the way in the profes- sionalization and commercialization of women’s sports, but more recently it it has been soccer achieving significant milestones. There is an in- creasing number of professional leagues around the world, and the UEFA Women’s Euro 2017 at- tracted a TV audience of 150 million. In May we saw a new world record attendance for a women’s club soccer game, when 51,211 attended the fi- nale of the 16-team Liga MX Femenil. In England, 1.6 million watched the Women’s FA Cup final clash between Chelsea and Arsenal, with 43,423 spectators in the stadium. Building on this mo- mentum, next year’s FIFA Women’s World Cup is set to engage on a large scale and represents a great platform for brands to stand out. In other sports, trek cycling is the latest organiza- tion to commit to running a professional women’s road team, and in Australia women’s leagues, such as the Rebel Women’s Big Bash and the Women’s Australian Rules Football league, known as AFLW, are attracting large audiences, stand-alone sponsorships and broadcast rev- enue. Individual female athletes becoming stars is nothing new, and we see this especially in the U.S., where the likes of Serena Williams, Simone Biles, Ronda Rousey and Lindsey Vonn are not only household names around the globe, they are pushing boundaries and paving the way for gen- erations to come. This building commercial momentum is result- ing in groundbreaking equal pay agreements. In Norway and New Zealand, women’s national team footballers now earn the same as their male counterparts, while Rugby Australia announced it will pay its men’s and women’s sevens teams equally for the first time. Furthermore, these ath- letes feel they are privileged to compete in the sport they love as a career and genuinely want to inspire, and make a difference for, the next gen- eration. Making sense of an exciting and growing market- place is fundamental for rights holders, brands and other stakeholders currently operating in — or looking to enter — the space. We believe there has previously been a lack of data around women’s sports, so we’re excited to share these insights as a starting point to forming a detailed understanding of the women’s sports commer- cial landscape. WHO’S ENGAGING WITH WOMEN’S SPORTS? A fundamental part of maximizing the commer- cial opportunity around women’s sports is de- veloping a detailed understanding of who’s en- gaging with events, teams and leagues — and how. Across the eight markets*, 84% of general sports fans have an interest in women’s sports (they stated they had an interest in both male and female sports, or just in women’s sports). Of those, 51% are male, which confirms both that women are also interested in watching women’s sports and that women’s sports represents a ma- jor opportunity to engage male fans debunking the perception that only women are interested in women’s sports and confirming that women’s sports represents a major opportunity to engage male fans. iF Magazine | www.iFMagazine.net 31