Pro Sports Lack Female Franchise Owners

Back in early October, Laurene Powell Jobs acquired 20% of Monumental Sports & Entertainment; the company that owns the Washington Wizards and Washington Capitals among other entities. The acquisition was noteworthy as just a handful of other females own American pro sports teams; a short list that includes Jeanie Buss (Lakers), Joan Tisch (NY Giants) and Ann Walton Kroenke (Rams, Nuggets). There are even fewer women in front office and coaching positions. None of the 4 major sports leagues currently employ a female GM and there has never been a female head coach.

Howie Long-Shot: Powell Jobs, the widow of the late Apple CEO, paid an estimated $500 million for her 20% stake; just a drop in the bucket for the 4th wealthiest woman on the planet (estimated net worth of $20 billion). In addition to the NBA’s Wizards and NHL’s Capitals, Powell gets ownership the WNBA’s Mystics, Capital One Arena (home of Caps/Wiz), the AFL’s Valor (Washington) and Brigade (Baltimore) franchises, EagleBank Arena (George Mason University) and the Kettler Capitals Iceplex (training facility).

Fan Marino: ESPN (DIS) Baseball analyst Jessica Mendoza emceed the 34th Annual March of Dimes Sports Luncheon, presented by Ford (F), on Tuesday. JWS had the chance to get her thoughts on female sports ownership.

Mendoza: “Why not? It’s great to have women as decision makers because it’s a different way of thinking, sometimes. I think just having more diversity on anything is good, you just want to make sure it’s the right people. Don’t do it because it’s a woman, to check that box; do it because it’s the right people, who are passionately involved and know what they’re doing. People who care enough about the sport that to help grow it.”  

Businesswoman Laurene Powell Jobs Buying Into NBA, NHL, WNBA With MSE

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Author: John Wall Street

At the intersection of sports & finance.

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