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Women’s sports surge: Record viewership and expansion fuel 2025 growth

Investors back expansion as new teams enter key leagues

Women’s sports surge: Record viewership and expansion fuel 2025 growth
Royal Challengers Bangalore players celebrate with the trophy after winning the Women’s Premier League Twenty20 final against Delhi Capitals at Arun Jaitley Stadium, New Delhi, in March.

MAJOR gains in television viewing and attendance at women’s sports in 2024 will give way to expansion in 2025 as start-ups and established leagues alike look to take advantage of the surging interest, industry leaders and experts say.

North America’s top-flight National Women’s Soccer League (NWSL) and Women’s National Basketball Association (WNBA) both saw record viewing figures, while fans in the UK devoted more time than ever to watching the Women’s Super League (WSL) and television ratings soared for Women’s Premier League (WPL) cricket in India in its second season.


Deep-pocketed investors took notice, and robust growth will be the theme for 2025 as the WNBA welcomes its first new franchise since 2008 when the Golden State Valkyries begin play next year.

The WNBA, which is also preparing for two more teams in 2026 in Portland and Toronto, had its most -watched regular season ever with 1.2 million average viewers on ESPN, according to the broadcaster, while an average of 1.6 million fans watched the Finals, the biggest audience in 25 years.

The league had enjoyed steady growth in recent years but the surge was helped along by a compelling rookie class led by Caitlin Clark, whose record-smashing collegiate career was a watershed moment for women’s sport in the United States.

Clark will hope her extraordinary star power will help in her joint bid to bring an NWSL team to Cincinnati, as the women’s soccer league considers three contenders, including Denver and Cleveland, for a fresh expansion franchise.

The league saw average viewership of 967,900 for this year’s championship, up 18 per cent from 2023, the NWSL said, and is preparing to expand to 15 members when a Boston team joins in 2026.

The value of NWSL and WNBA teams is expected to grow by at least $1.6 billion (£1.26bn) over the next three years, according to research released late last month by The Collective, sports and entertainment agency Wasserman’s women’s division.

“The women’s sports industry is an incredibly valuable and rapidly growing sector,” The Collective Managing Director Thayer Lavielle said in a statement.

“WNBA and NWSL teams are leading the charge but this growth is not limited to these leagues – it’s about the growth of the entire women’s sports ecosystem.”

A PwC survey this year of more than 400 industry leaders showed 85 per cent expected double-digit growth for women’s sports revenues in the next three to five years, with sports like soccer, basketball, and rugby in particular getting a significant boost from major global events.

The climate has been appealing for new outfits too, as the Premier Lacrosse League last month announced a women’s league that will debut next year, and the six-team Women’s Professional Baseball League (WPBL) plans to kick off in 2026.

The WPBL was approached by dozens of potential owners in the week after they announced their launch in October, according to Keith Stein, co-founder of the league with pioneer Justine Siegal, the first woman to coach a professional men’s baseball team.

“Over 40 per cent of Major League Baseball fans are women and women’s professional sports – even women’s collegiate sports – have never been more recognized by the public than today,” Siegal told Reuters.

“It’s a perfect time to take a game that women have been loving for centuries and give them a chance not just to play but also be in leadership positions.

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Can Harry Kane end England's 25-year Ballon d'Or wait? Odds, a late Mbappe gamble and a prediction

Harry Kane of FC Bayern Muenchen celebrates the team's second goal during the UEFA Champions League 2026/27 League Phase MD3 match between FC Bayern München and Arsenal FC at Football Arena Munich on October 21, 2026 in Munich, Germany.

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Can Harry Kane end England's 25-year Ballon d'Or wait? Odds, a late Mbappe gamble and a prediction

Highlights

  • The 70th Ballon d'Or ceremony takes place on Monday 26 October at the London Palladium, the first time it has been held outside Paris
  • Harry Kane is the odds-on favourite, with prices as short as 1/3, and would be the first Englishman to win since Michael Owen in 2001
  • Kylian Mbappe's price has crashed from 14/1 to as short as 2/1, while Lamine Yamal has drifted from odds-on to around 9/2
  • Ten PSG players are on the 30-man shortlist, which could split the vote
Harry Kane has scored more club goals than anyone else in world football this season, and he will walk into a theatre in his home city on Monday as the man to beat. But the market has not been still. In the final days, a late rush of money has made the Ballon d'Or race look a good deal closer.

When is the 2026 Ballon d'Or ceremony, and why is it in London?

The ceremony starts at 8pm UK time on Monday 26 October at the London Palladium. It is the 70th edition of the award and the first to leave Paris since it launched in 1956. The 30-man shortlist was announced on 8 September, and voting has now closed. Players are judged on the 2025-26 season, from 3 August 2025 to 19 July 2026, including the World Cup.

Who is favourite to win the 2026 Ballon d'Or?

Kane, by some distance. William Hill make him 1/3, an implied chance of about 75%, while other bookmakers have him between 4/11 and 4/7. Here are the latest prices from the main reports:
PlayerClubLatest odds
Harry KaneBayern Munich1/3 to 4/7
Kylian MbappeReal Madrid2/1
Lamine YamalBarcelona9/2
Lionel MessiInter Miami40/1
RodriManchester City40/1
Erling HaalandManchester City100/1
Ousmane DembelePSG66/1

Prices vary by bookmaker and have been moving daily.

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