The NFL and TMRW Sports unveiled the name for the pro men’s and women’s leagues it will launch next summer.

Of note: The release indicates Premier Flag will operate out of a single host/hub city, similar to TMRW’s indoor golf league, TGL. Premier Flag said it is working with Populous to design the first stadium purpose-built for flag football.

All 32 NFL teams are investors in the league, as are current and former players, female athletes and institutional and strategic investors.

Premier Flag held its first combine in London last month and has another set for Mexico City later this month with its main combine to follow next year. The league is also planning a showcase event prior to Super Bowl LXI next February.

TMRW also previously launched a strategic partnership with the International Federation of American Football, which is the IOC-recognized governing body for flag's debut at the 2028 Los Angeles Olympics.

Premier Flag said there are 4.1M youth flag players in the U.S., up 50% since 2020.

So there is now some meat on this bone, but not a lot of meat. Like a B- hot wing.

Anyway, I’m conflicted.

On one hand, I believe we’re entering a world where sports participation and consumption will increase substantially, to levels that even the most bullish estimates aren’t accounting for. Existing major pro leagues won’t be able to meet demand, especially for in-person viewing, without substantially increasing the supply of their product. This is why we are already seeing skyrocketing ticket and hospitality prices— or as Reddit co-founder and investor Alexis Ohanian said, “The Wimbledon ticket is gonna continue to be even more exclusive, even more scarce, because there’s just a finite amount of access to it.” The major pro events will get more expensive and exclusive, creating a larger opportunity for secondary and upstart leagues.

Ergo, the rise of the WNBA, creation of NBA Europe and USL Premier, LOVB’s youth-to-pro pipeline, heavy investment in MLS Next Pro, and the NFL’s foray into pro flag.

ON THE OTHER HAND, there’s a graveyard of these sorts of efforts, and I’ve written before that I’m uncertain flag will ever become a meaningful consumer sport (obviously it’s an excellent participation sport). The announcement today being thin on infrastructure and business details, and rather focusing more on branding and social media strategy, raises more questions than it answers. Never mind the one-stadium nature of this indicating a made-for-TV product, which doesn’t capture the in-person demand I just talked about. There’s something inauthentic about The Shield trying to muscle out all competitors in a version of the sport that it doesn’t necessarily own but desperately wants to.

I’m way more bullish on the NFL expanding internationally, since it can create new supply of its core product with effectively no competition, than I am on it owning and succeeding in professional flag.

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