Entrepreneur to fund National Women's Hockey League and ensure growth of competition
The National Women's Hockey League has announced equity funding from insurance and tech entrepreneur Andy Scurto in a move that helps secure the future of the league.
Scurto now joins a group of more than 20 NWHL investors, including co-owner of MLB's Texas Rangers Neil Leibman.
After the NWHL's salary cap was cut from $270,000 to $100,000 in 2016, over 200 professional female players chose to sit out the season in protest.
Speaking on his decision, Scurto said: "The NWHL is a strong league that has implemented a great model for supporting the athletes.
"Having been very involved with youth hockey, as my daughter has played for many years, I see the value sports has to offer and I’m especially passionate about building women’s professional ice hockey for the current and future generations of players."
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The capital from his investment will be used to enhance player development as well as increasing infrastructure and ensuring the league has a stable future.