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4d ago

Dick’s Sporting Goods Invests $120 Million in Unrivaled Sports to Expand Youth Athletics

The strategic funding round values Unrivaled Sports at over $240 million and aims to enhance youth sports venues and programming nationwide.

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Overview

  • Dick’s Sporting Goods led a $120 million investment in Unrivaled Sports through its venture arm, DSG Ventures, securing a minority stake in the company.
  • The funding round included participation from Dynasty Equity, LionTree, Miller Sports & Entertainment, and founding investor The Chernin Group
  • Unrivaled Sports, co-founded by David Blitzer and Josh Harris, operates 15 youth sports venues across the U.S., including Cooperstown All-Star Village and ForeverLawn Sports Complex.
  • The capital will be used to acquire additional venues, upgrade existing facilities, and expand programming, including marquee events like the NFL Flag Championships.
  • This partnership underscores a broader trend of retail-sports collaborations, with Dick’s leveraging its GameChanger app and nationwide retail presence to integrate digital and physical youth sports experiences.