David Ricca

Navigating Market Price Fluctuations in Sports Event Budgeting 🏅💸 Managing a sports event budget with fluctuating market prices can be challenging. Here’s how to stay on track: 1️⃣ Forecast and Plan 📊 - Use historical data to predict price changes. 2️⃣ Build Flexibility 🔄 - Include a contingency fund for unexpected costs. 3️⃣ Negotiate Contracts 🤝 - Secure fixed-price contracts to lock in costs. 4️⃣ Bulk Purchases 🛒 - Buy in bulk when prices are low. 5️⃣ Monitor Trends 🔍 - Adjust purchasing strategies based on market trends. 6️⃣ Alternative Suppliers 🔄 - Have backup suppliers for competitive pricing. Proactive budget management helps navigate price fluctuations and ensures event success. How do you handle budget challenges? Share your tips in the comments! 🌟 #SportsEventManagement #Budgeting #MarketFluctuations #EventPlanning

9

1 Comment

𝙏𝙝𝙚 𝙨𝙥𝙤𝙧𝙩𝙨 𝙞𝙣𝙫𝙚𝙨𝙩𝙢𝙚𝙣𝙩 𝙡𝙖𝙣𝙙𝙨𝙘𝙖𝙥𝙚 𝙝𝙖𝙨 𝙨𝙚𝙚𝙣 𝙖 𝙨𝙪𝙧𝙜𝙚 𝙞𝙣 𝙧𝙚𝙘𝙚𝙣𝙩 𝙮𝙚𝙖𝙧𝙨,particularly in 𝒆𝒎𝒆𝒓𝒈𝒊𝒏𝒈 𝒍𝒆𝒂𝒈𝒖𝒆𝒔. According to PitchBook, venture capital investments in sports-related startups have surpassed $𝟴.𝟯 𝗯𝗶𝗹𝗹𝗶𝗼𝗻. New leagues like the Premier Lacrosse League (PLL) and Athletes Unlimited have attracted significant backing, with the PLL securing a $25 million Series A funding round in 2020. These investments are driven by the potential for high growth and media rights valuations, as exemplified by the LIV Golf series, which reportedly received a $2 billion investment from Saudi Arabia's Public Investment Fund to launch its operations. As traditional sports saturate, investors are increasingly looking to these newer leagues for potentially lucrative returns and innovative fan engagement opportunities. It will be fascinating to watch the success of newer sports leagues and if they impact the media rights landscape and traditional broadcasting models. Increased competition for viewers will drive up the value of all sports media rights, Streaming platforms will gain dominance, reducing traditional broadcasters' market share, and Fragmentation of viewership will lead to lower overall media rights values and Hybrid models combining traditional and digital platforms will become the new norm.

3

🫵WANTED! Specific request just in from one of our clients! 🔍 Exclusive opportunity for a strategic partnership with one of our top-tier sports brand client. Client with global fan base looking for the following solutions: - AI Fan Engagement Platform - ⁠Smart Infrastructure Management and Optimization Platform Know a founder who should seize this opportunity? Connect with me via comment or DM for further details. #SportsTech #StrategicPartnership #Innovation David Olwyn

19

14 Comments

FIFA definitely sees there is more money to be made in futbol/football/soccer, but at what expense? As the football calendar swells, concerns over player welfare escalate. Fifpro and World Leagues Association are gearing up to challenge Fifa's 32-team Club World Cup plans, citing risks of player burnout and injury. It's not just about the game, it's about safeguarding those who make it great. #PlayerWelfare #FootballGovernance https://lnkd.in/gbESzcPA

2

Sports Technology Market Size & Trends The global sports technology market is expected to grow at a compound annual growth rate of 20.8% from 2023 to 2030 to reach USD 55.14 billion by 2030. Europe dominated the sports technology market with a share of nearly 30% in 2022. The growth can be accredited to the wide-scale adoption of advanced technologies in stadiums, coupled with an increasing number of sports leagues/events. By Grand View Research, Inc https://lnkd.in/dhzhQcwk

9

2 Comments

Non-Drafted Free Agency (NDFA) period begins for MLB today. What is it, and how can teams use it to improve their organizations via depth and finding hidden gems? #ndfa #mlbdraft #playerevaluation #scouting #baseball

29

3 Comments

Globally respected business platform Forbes starts the article talking about #pickleball before introducing THE newly-updated premier source of information about the #padel ecosystem worldwide. The PLAYTOMIC #GlobalPadelReport is out and linked in this article. Can't wait to read it and see what where the industry is heading.... https://lnkd.in/ehDB3Ase

7

1 Comment

Given the rapid consolidation and increasing influence of the sports agency space, smaller agencies should strategically position themselves to enhance their valuation. 𝐊𝐞𝐲 𝐚𝐫𝐞𝐚𝐬 𝐭𝐨 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐢𝐧𝐜𝐥𝐮𝐝𝐞: 𝘼𝙩𝙝𝙡𝙚𝙩𝙚 𝙍𝙚𝙡𝙖𝙩𝙞𝙤𝙣𝙨𝙝𝙞𝙥𝙨 𝙖𝙣𝙙 𝙊𝙬𝙣𝙚𝙧𝙨𝙝𝙞𝙥 𝙊𝙥𝙥𝙤𝙧𝙩𝙪𝙣𝙞𝙩𝙞𝙚𝙨: 𝙄𝙣𝙣𝙤𝙫𝙖𝙩𝙞𝙤𝙣 𝙖𝙣𝙙 𝘿𝙞𝙫𝙚𝙧𝙨𝙞𝙛𝙞𝙘𝙖𝙩𝙞𝙤𝙣: 𝙎𝙩𝙧𝙖𝙩𝙚𝙜𝙞𝙘 𝙋𝙖𝙧𝙩𝙣𝙚𝙧𝙨𝙝𝙞𝙥𝙨 𝙖𝙣𝙙 𝙎𝙮𝙣𝙚𝙧𝙜𝙞𝙚𝙨: 𝘿𝙖𝙩𝙖 𝙖𝙣𝙙 𝘼𝙣𝙖𝙡𝙮𝙩𝙞𝙘𝙨: 𝘽𝙧𝙖𝙣𝙙 𝙎𝙩𝙧𝙚𝙣𝙜𝙩𝙝 𝙖𝙣𝙙 𝙈𝙖𝙧𝙠𝙚𝙩 𝙋𝙤𝙨𝙞𝙩𝙞𝙤𝙣: 𝙁𝙞𝙣𝙖𝙣𝙘𝙞𝙖𝙡 𝙋𝙚𝙧𝙛𝙤𝙧𝙢𝙖𝙣𝙘𝙚 𝙖𝙣𝙙 𝙊𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙀𝙛𝙛𝙞𝙘𝙞𝙚𝙣𝙘𝙮: By focusing on these areas, smaller agencies can not only increase their intrinsic value but also become attractive targets for larger firms looking to expand through acquisitions. Employing business valuation methods such as 𝑫𝒊𝒔𝒄𝒐𝒖𝒏𝒕𝒆𝒅 𝑪𝒂𝒔𝒉 𝑭𝒍𝒐𝒘 (𝑫𝑪𝑭) 𝒂𝒏𝒂𝒍𝒚𝒔𝒊𝒔, 𝑪𝒐𝒎𝒑𝒂𝒓𝒂𝒃𝒍𝒆 𝑪𝒐𝒎𝒑𝒂𝒏𝒚 𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔, 𝒂𝒏𝒅 𝑷𝒓𝒆𝒄𝒆𝒅𝒆𝒏𝒕 𝑻𝒓𝒂𝒏𝒔𝒂𝒄𝒕𝒊𝒐𝒏𝒔 𝑨𝒏𝒂𝒍𝒚𝒔𝒊𝒔 can provide a comprehensive view of the agency’s worth.

29

8 Comments

⚽ What should FIFA do with a reported $2 billion investment? ⚽ With a reported $2 billion investment, FIFA has the opportunity to achieve several impactful goals: 1. Offset Initial Costs: Alleviate financial commitments and returns to key stakeholders. 2. Retain Premium Rights: Hold onto more premium rights to establish FIFA's value in the sports media attention economy. 3. Upgrade Technology: Enhance the tech stack following the initial launch process. 4. Create a Year-Round Destination: Transform FIFA+ into a 365-day destination for football fans. However, where FIFA could see the most significant impact is by investing in a fully-fledged network or studio dedicated to delivering an unparalleled amount of non-live content to its stakeholders and key platform/broadcast partners worldwide. Imagine a FIFA media division that focuses on non-live content, offering rich storytelling that resonates on local, regional, and global levels. This approach mirrors the success of NFL Media and Box To Box Films, which have transformed sports narratives across various genres and regions. By adopting a similar strategy, FIFA can revolutionize how football stories are told, making them more accessible and engaging for fans worldwide, 365 days a year. The potential here is enormous. A non-live storytelling machine, tailored to create and deliver targeted content, could not only enrich the fan relationship but also open new revenue streams. This content could be commercialized through FIFA’s own channels or by selling rights to major streaming platforms like Netflix, bringing football stories to a broader audience. The question remains whether this vision aligns with FIFA’s strategic play. However, the opportunity to elevate football content to a truly global scale, providing real value back to its key national partners and football fans, is too significant to overlook. #streaming #sportsbiz

22

3 Comments

FIFA is reportedly seeking to raise $2 billion to expand its FIFA+ #OTT platform, just two years after its launch. In the latest episode of #StreamTimeSports, Chris Stone and I discuss FIFA's reasons for investing in a DTC platform, the challenges FIFA+ has faced, and how the new funding might be used. We also examine the NFL's legal issues with the Sunday Ticket class action suit, considering the likelihood of an appeal and the potential impact on future rights negotiations, fans, and pricing. #SportsBiz #FIFA #NFL #Streaming #OTT https://lnkd.in/dv-qnQAi

20

NEW: Unlock Training Insights: How Reporting Enhances Coaching Decisions Are you and your team making the right decisions? Harness the power of informed coaching decisions with our latest blog on Training Evaluation. Learn how tailored reports from ApolloV2 provide invaluable insights to enhance player performance and drive success. https://bit.ly/3QgjvEw Chace Homer Rich Buchanan #SportsScience #PerformanceAnalysis #coaching #TeamPerformance #sportstechnology #TrainingEvaluation #CoachingInsights #DataDrivenDecisions

19

1 Comment

Football Starts at Home is a powerful initiative that unites organizations across countries, fostering collaboration among entities that may not typically work together. By offering opportunities for Federations, Associations, Professional Clubs, and Leagues to join forces, this program leverages combined resources to engage the masses through various channels. With a strong focus on enhancing Health, Family dynamics, Education, and Football, there is a shared goal that all stakeholders should support for the benefit of children. Investing in a child's Cognitive, Social, Emotional, and Physical development is pivotal in shaping the future generation. Productive meetings with Mayors, Governors, and Staff have underscored the significance of this initiative, strengthening ties with the Football Federation and its 33 Regional Football Associations in the Philippines. The meticulous planning and organization of this program are truly commendable, reflecting a thorough and well-structured approach. Tomorrow I will address all 33 Regional Football Association Presidents, General Secretaries and EXCO Committee Members at their annual Congress here in Siargao, Philippines. This is how you get things done!

43

7 Comments

Private Equity in US Professional Sports - Major Trends: 1. 📈 Rising Valuations: Professional sports teams are now accessible to private equity funds, driving increased valuations and profitability across major US leagues. 2. 🏀 Diverse Investments: Beyond team ownership, investments span real estate, media, player management, sports betting, and emerging sports leagues. 3. 📺 Broadcast Revenue: The decline of regional sports networks and rise of streaming platforms like Amazon and Peacock are reshaping revenue streams. 4. 🌍 Global Expansion: International sports like MLS and Formula 1 are growing in the US, attracting significant sponsorship and media deals. 5. 🏆 League Parity: Revenue-sharing, salary caps, and the draft system are enhancing parity and competitiveness in US sports, unlike European soccer. For a deep dive into the trends and data, read the full report by Michael Cembalest of J.P. Morgan Asset Management. #SportsInvestment #PrivateEquity #BroadcastRevolution #GlobalSports #SportsEconomics

63

3 Comments

NEW: Maximize training impact: Assess player readiness effectively 🚀 Excited to share our latest blog post on optimizing training readiness for peak performance! Coaches, are your training sessions aligned with player status? Discover how Apollo's Readiness Dashboard streamlines data for informed decisions. bit.ly/3U4xoXD Paul Walsh Louis Cunningham Chris Wilding Chace Homer Ruben Cisneros Mark Leather Rich Buchanan Paul Macdonald Adrian Lamb CSCS #SportsScience #PerformanceAnalysis #coaching #TeamPerformance #sportstechnology #sportsperformance #collegefootball  #Sportsdata 

35

5 Comments

This is so unique, access to experts on the ground in sports. In Tech, we always had access to industry analysts to guide our business decisions. However, in sports many analyst groups I used to rely on like Gartner, IDC, don't cover an industry that contributes around 1% to the GDP (yet). Not to mention that sports technology is 🔥 Private Equity are heavily investing, so are large brands. I bet they all have lots of questions. I know a group who just might have some answers ! #sports

7

🛡️ Building Trust in Betting 🛡️ 📘 Visibility Wins: SPORT.TRADEs Strategy for Transparent Sports Betting 🎯 #Transparency is the cornerstone of trust in sports betting, yet it remains one of the most elusive goals in traditional betting systems. The opacity in these systems can lead to disputes, dissatisfaction, and a general distrust that undermines the entire betting experience. SPORT.TRADE is here to change that narrative with our cutting-edge decentralized #InfrastructureLayer and #SmartContracts. Our platform ensures that every bet placed is recorded on a decentralized ledger, visible and verifiable by anyone. This level of transparency not only makes disputes virtually nonexistent but also ensures that no bet can be subject to manipulation. 🛡️ What's the impact? 🌟 Our transparent system democratizes betting by making every transaction #traceable and #trustworthy. 🌐 It fosters a betting environment where fairness is not just an ideal but a daily reality. This #breakthrough approach is set to revolutionize pool betting formats, where the visibility of the entire pool and bets enhances integrity and player confidence. Step into a transparent world of betting with SPORT.TRADE, where trust is built into every bet and every player gains an equal footing. It's time to build and ecosystem where transparency leads and fairness follows. 🏆 Join the Waitlist! 👉  https://lnkd.in/gifcA2dy Experience the future with the world's first AI-powered decentralized sports betting protocol. Secure your spot now! 🔐 #SportiQoin #SPQ #SportsBetting #Transparency #BlockchainTechnology #SmartContracts #SportTrade #TrustInBetting

15