Women's pro volleyball league launching in January announces $100 million in new funding [USA TODAY]
Ares Management Corporation Class A (ARES)
Last ares management corporation class a earnings: 2/13 06:00 am
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Source: USA TODAY
Jan. 8, announced $100 million in new funding from Atwater Capital, Ares Management and Left Lane Capital, a staggering amount for a new pro league looking to capitalize on the unprecedented rise in interest in women's sports across the globe. The new chunk of change brings League One Volleyball's total funding to more than $160 million, with investments from Olympic skiing champion Lindsey Vonn , seven-time WNBA All-Star Candace Parker, actress Amy Schumer and 14-time NBA All-Star Kevin Durant, among others (Durant is an investor in numerous women's leagues, including LOVB, the NWSL and Athletes Unlimited). LOVB's news comes on the heels of an announcement that businesswoman Michele Kang , owner of the Washington Spirit and a staunch women's sports advocate, donated $30 million over the next five years to U.S. Soccer. “It's so exciting,” LOVB co-founder and CEO Katlyn Gao told USA TODAY Sports about the uptick in women's sports investment. “It's about time, don't you think?”
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ARES
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- 11/19/24 - Form 4
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- ARES's page on the SEC website