The GIST: Time to make it rain — not one, but two powerhouse women athletes made major investments in women’s sports leagues on Monday. Talking that talk and walking that walk.

Serena Williams buys ownership stake in the Toronto Tempo: The tennis legend is now a part-owner of the WNBA’s first Canadian franchise, set to debut in 2026. As part of her role, Williams (who co-chaired the Met Gala and made her retirement announcement via Vogue) will help design the team’s jerseys, in addition to facilitating future merch collabs. Our DMs are open.

• This is the latest in a long list of investments that Williams and her husband, Reddit co-founder Alexis Ohanian, have made in women’s sports.
• Williams is also a part-owner of the NWSL’s Angel City FC, while Ohanian has donated millions to his alma mater’s UVA women’s basketball, created the Athlos track and field competition, and is helping to franchise The Sports Bra, the first-ever women’s sports bar. Money moves.

Sabrina Ionescu invests in NWSL’s Bay FC: Fresh off a WNBA championship, NY Liberty star Ionescu is setting her sights on the soccer field, investing in her hometown NWSL squad. Like Williams, Ionescu will be more than just an owner — she’ll serve as a commercial advisor for Bay FC, leveraging her sneaker prowess to design cleats. Gotta kick it up.

Zooming out: This is far from the first time we’ve seen powerhouse female athletes making cross-sport investments. Retired USWNT stars Alex Morgan and Megan Rapinoe were among the first investors in Unrivaled, tennis legend Billie Jean King helped found the PWHL, and WNBA standout Caitlin Clark joined Cincinnati's NWSL expansion bid.

• There’s no business like showbusiness the business of women’s sports.

Now it’s time for you to channel your inner Serena Williams and Sabrina Ionescu: Which of the following women’s leagues would you invest in? Choose from the options below or reply to this email with your answer.

The best way to celebrate Women’s History Month? By treating yourself. And, unlike that $7 iced coffee, this treat won’t break the bank: download the easy-to-use Peloton App for a free 30-day trial. You might already know that Peloton offers strength and cardio classes, but here are a few specific highlights:

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🥊 Shadowboxing training, because you can never be too careful

☺️ Morning walk meditations to start your day on the right…foot

Enjoy a Peloton power-up with a free trial* for 30 days — no questions asked. Go get ’em.

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🏒 PWHL: NY Sirens vs. Boston Fleet — Tonight at 7 p.m. ET — YouTube

• It’s been, ahem, smooth sailing for the Fleet against the Sirens this season — Boston is 4-0 vs. their eastward neighbor due in large part to goalie Aerin Frankel’s brick wall tendencies. Can they do it again? Or will the Sirens finally exact revenge?

🎓🏀 NCAA women’s basketball: Conference tournaments — Today through Sunday — Various channels

• The madness before the Madness is underway as teams battle for conference glory and, more importantly, an automatic bid to the Big Dance. Swish, swish.

🏒 NHL: Washington Capitals vs. NY Rangers — Tonight at 7:30 p.m. ET — TNT

• ICYMI: Caps captain Alex Ovechkin is on the cusp of making history, now only 11 goals away from breaking Wayne Gretzky’s career goals record. Ovi’s lit the lamp 45 times against the Rangers in his career, the most of any active player. We like those odds.

For the Win: NWSL. Get a behind-the-scenes look at the NWSL playoffs in this new docuseries on Prime Video.

This baby, now known as the GOAT of the New Orleans Pelicans Baby Crawl Race.

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