Unmatched Sports declared on Tuesday that they have received a strategic investment from Dick’s Sporting Goods.
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) leading the most recent funding round for the company. The investment was made via Dick’s
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) The venture capital branch, DSG Ventures. Unrivaled Sports is an emerging enterprise within the sports sector that possesses and manages a collection of top-tier youth sports facilities and events throughout the United States.
In the future, this investment is expected to speed up Unrivaled Sports’ efforts in providing and enhancing premier experiences, programs, and locations for young athletes across the country.
Unrivaled Sports CEO Andy Campion stressed the shared values between both companies, pointing out those of DICK’S Sporting Goods.
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Their long-standing dedication to youth sports and mutual faith in the profound impact of athletic activities form the foundation of this collaboration. This alliance allows Unrivaled Sports to extend opportunities for young athletes and their families, improve facilities and programs, and elevate offerings at various locations such as Cooperstown All Star Village, Ripken Baseball Experiences, and Under the Lights Flag Football, amongst others. In just one year, Unrivaled Sports has grown to operate within 30 states, welcoming more than 600,000 participants along with almost two million spectators and supporters, all while enhancing infrastructure and fostering greater engagement.
Unrivaled Sports, established by Josh Harris and David Blitzer with substantial support from The Chernin Group, aims to manage a collection of young athletes’ ventures spanning baseball, softball, football, and various extreme sports. After its inception, the firm joined forces with legends such as Cal Ripken, Jr., and Shaun White, and named seasoned professional Andy Campion as Chairperson.
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It has made significant investments in multiple firms via its corporate venture unit, DSG Ventures, established in 2022 with a $50 million endowment. The initial stakes encompassed Moolah Kicks (a women’s basketball shoe company), SidelineSwap (an internet-based marketplace for athletic equipment), EL1 Sports (a promoter of junior sports events), and Out&Back Outdoors (a reselling hub for outdoor clothing). Additionally, DSG Ventures put money into Courtside Ventures, a venture capital entity concentrating on sectors such as sports, health & wellness, digital content creation, and electronic games.
More about Dick’s Sporting Goods
- Dick’s Sporting Goods: Short-Term Economic Uncertainty Prevents an Upgrade to a Buy Rating
- Dick’s Sporting Goods: Shares Are Undervalued
- Dick’s Sporting Goods (DKS) Q4 2024 Financial Results Conference Call Transcripts
- Dick’s Sporting Goods aims for an earnings per share (EPS) of $13.8 to $14.4 in 2025, prioritizing both physical store expansions and online commerce development.
- DICK’S Sporting Goods’ cautious outlook for fiscal year 25 mirrors the ‘unpredictable economic climate.’
