Nike was part of a round representing the women’s basketball league’s first external funding as it looks to close the gap with the richer men's leagues.
US-based professional women’s basketball league the Women’s National Basketball Association (WNBA), has raised $75m from investors including sports apparel brand Nike, helping expand funding for a sport where coverage and sponsorship are lacking.
The round was filled out by private investors including Condoleezza Rice, Michael and Susan Dell, Pau Gasol, Swin Cash, Baron Davis, Mark Walter, Eric Holoman, Joe and Clara Tsai, Angela Ruggiero, Laurene Powell Jobs, Linda Henry, Micky and Nick Arison, Ginny Gilder and Ted Leonsis.
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Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
