CLEVELAND, OH – NOVEMBER 02: Anthony Rizzo #44 of the Chicago Cubs celebrates with Jason Heyward #22 after Rizzo scores a run in the 10th inning on a Miguel Montero #47 against the Cleveland Indians in Game Seven of the 2016 World Series at Progressive Field on November 2, 2016 in Cleveland, Ohio. (Photo by Ezra Shaw/Getty Images)

Depending on paid subscriptions hasn’t exactly been a successful model for news and sports sites in recent years. But The Athletic is setting out to prove differently, providing content to Chicago and Toronto sports fans for a monthly subscription fee. And the site’s executives believe that model may prosper in other markets as well.

As reported by Forbes’ Darren Heitner, The Athletic recently raised $2.1 million in venture capital funding, led primarily by a $500,000 investment by Courtside Ventures. The site first launched a year ago in the Chicago market, and focusing solely on that region’s sports teams with a primarily mobile-friendly platform. Fueled largely by the World Series run of the Chicago Cubs, the voracious appetite of the city’s fans, and hiring some familiar names like Jon Greenberg and Sahadev Sharma, The Athletic has been successful through getting readers to sign up for monthly and year subscriptions.. However, the site is not yet profitable.

Last month, the site rolled out a spinoff devoted to Toronto sports, hiring known writers such as James Mirtle, Kaitlyn McGrath and Eric Koreen who had developed credibility and followings at other publications. As Courtside Ventures’ Deepen Parikh told Heitner, one to two additional markets will be added in 2017.

“We think there’s a real opportunity in going after the three-team markets,” said Parikh. “You don’t have to go after New York and Los Angeles. Cleveland and Kansas City are good fits.”

Yes, some publications like the New York Times and Washington Post have been able to yield money from readers because of their status as media titans and sources for breaking news, crucial investigative features, and verticals (such as The Upshot or Wonkblog) that provided must-read information and analysis. Others, like the Wall Street Journal, have never had an issue getting people to pay for its content because that information simply can’t be found anywhere else.

But what about sports? ESPN has its Insider subscriptions, but those arguably provide premium content, such as Buster Olney’s reporting and analysis and Keith Law’s minor league evaluations. Sites like Baseball Prospectus and Baseball America have also successfully gotten readers to pay by offering content that can’t be found at a typical newspaper or general sports site. Readers may also encounter paywalls for reporting and analysis on their favorite teams and pay for subscriptions to, for example, the Boston Globe or Los Angeles Times. Yet paying for sports news, analysis and commentary hasn’t been something that the regular fan has been interested in doing.

About Ian Casselberry

Ian is a writer, editor, and podcaster. You can find his work at Awful Announcing and The Comeback. He's written for Sports Illustrated, Yahoo Sports, MLive, Bleacher Report, and SB Nation.

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