Avenue Sports Invests in Unrivaled, the Professional Women's 3-on-3 Basketball League
Summary
NEW YORK, Nov. 27, 2024 /PRNewswire/ -- The Avenue Sports Fund today announced it is investing in Unrivaled, the new professional womens 3-on-3 basketball league co-founded by WNBA superstars Napheesa Collier and Breanna Stewart.Featuring the top womens basketball players across six teams for a 3-on-3, compressed full court style of play, Unrivaled intends to deliver the most entertaining and competitive form of the sport for fans. "We are excited to back Unrivaled as the new leagues thrilling 3-on-3 competition moves to launch in the next two months," said Marc Lasry, Avenue Capitals Chairman, CEO and Co-Founder. Co-Founded by Breanna Stewart and Napheesa Collier, Unrivaled is player-owned, providing participating players equity opportunities for a vested interest in the leagues success. Launching in January 2025, Unrivaled will feature 36 of the current top womens basketball stars in the world across six teams for a 3-on-3, compressed full court style of play. Avenue, founded in 1995 by Mr. Lasry and Sonia Gardner, draws on the skills and experience of over 65 investment professionals and more than 180 employees operating from its headquarters in New York and 10 offices worldwide.