Women athletes made some strides in terms of pay equity after FIFA announced that this year's World Cup prize money will exceed $150 million — but it still lags far behind the men's tournament.
The raise marks a 300 percent increase from the previous tourney in 2019 when the winners took home just $30 million. It's also 10 times the amount paid out in 2015.
Still, the pay gap between men and women soccer players remains wide. In last year's men's World Cup in Qatar, the prize stood at $440 million. FIFA stated that it is aiming to have pay parity by 2027.
"FIFA is stepping up not just with words but with actions. Unfortunately this is not the case of everyone across the industry," said FIFA President Gianni Infantino, noting the continued discrepancy in payments from broadcasting and advertising partners, according to Barron's. "Offer us 20 percent less, or 50 percent less, but not 100 percent less. Women deserve much, much more than that, and we are here to fight for them and with them, but we need to fight together."
The announcement came just weeks after the U.S. Soccer Federation settled a lawsuit filed by the U.S. women's national team for $24 million on the basis of pay inequity. Last year the organization also established a collective bargaining process involving both the men's and women's national teams to pool and equally divide prize money.
Gotham Chopra and his Religion of Sports media company may have just entered the filmmaking scene a few months ago, but it has already snapped up an Emmy nomination, which Chopra says feels like "an affirmation."
SeatGeek co-founder Russ D'Souza says that, despite lower ratings and bad PR, NFL ticket prices remain the highest of all pro sports, and he doesn't see that changing anytime soon.
The professional equestrian and daughter of former New York Mayor Michael Bloomberg says bringing the Riders Masters Cup to the city was "a dream come true."
The world's top equestrians gathered in New York City for the inaugural Longine Masters event. Professional Equestrian Georgina Bloomberg explains how this event brings the competition to the masses, through its Rider Masters Cup.
Professional dancer Sharna Burgess paired up with Washington Redskins cornerback Josh Norman for the new "Dancing With the Stars: Athletes." Having sports stars in the mix increases the competition level because they're "used to winning at what they do," says Burgess. The new season premieres Monday on ABC.
The former Major League Baseball MVP tells Cheddar that these days there are many players who can hit as well as he did, so he's happy to watch from the sidelines.
A lot of times athletes need financial education before they are able to turn their paychecks into long-term investments, says Frank Zacca, managing director of Octagon, a wealth management firm that works with elite sports stars.
A total of 72,000 gamers qualified for the 17-week long video game competition, and only 102 -- "the elite of the elite" -- made the final cut, says Brendan Donohue, managing director of the League.
The obstacle race organizer had to be tough enough to convince the rapper to skip his own workout routine, said Rich Abend, VP of Global Partnerships. "[Flo Rida] happens to be an incredibly fit person," he said.
Matt Barnes, who won the NBA Championship with the Golden State Warriors last year, says professional athletes shouldn't be punished for using marijuana and that he actually played his best when high.
