A head covering and insignia display assembly is structured in a sports helmet configuration and includes at least one insignia representative of a sports team. More in particular, the head covering assembly is constructed of a foldable material to facilitate transport and, additionally, the foldable material is structured to be weather resistant to at least partially protect the user from the elements, such as cold and/or precipitation. The head covering and insignia display assembly may include one or more auxiliary members such as, for example, a chin strap, a neckpiece, a face mask, and/or a visor. Further, an auxiliary accessory such as an audio or visual communication device and/or an illumination device may be incorporated in a cooperative and operational association with the head covering and insignia display assembly.