Carolyn Tisch Blodgett’s Post

Exactly one week ago SIGNA Sports United North America's future was white hot - our fiscal year results ran counter to nearly every company in the bike space: we exceeded both top line goal and gross profit dollar goal. We assembled America's top, most authentic talent, and built a culture of mutual trust and respectful collaboration. When I say "dream team," that's not hyperbole. What our entire crew did in 12 months of operations was simply amazing. We launched Nukeproof and Vitus Bikes and from day one had hockey-stick KPIs like I've never seen. From a DTC perspective, not only were the brands' marketing results and metrics off the charts but our customer economics and metrics would have been the envy of any brand. Add to that a CSAT score of 4.98 out of 5 and we knew we were doing all the right things and building immense value not only for our organization, but also for our customers. That meant #loyalty built on the world's most important currency: #trust. And that was just the beginning of our #vision. But not everyone values that currency. The unceremonious and abrupt revocation of a binding 150M € equity commitment that partially fueled our start-up operations meant lights out with about 48 hours' notice, even for what was one of the shining lights of commercial optimism in SSU's global portfolio. How far and deep the twisted tentacles of this monster go will likely become more apparent in the coming days and weeks - but I suspect the direct and indirect consequences will be far-reaching, not just for bike and outdoor. It feels like a Netflix documentary is unfolding right before our very eyes, where the levels of degradation and absurdity are meant to keep you on the edge of your seat like an episode of the Theranos scandal. Do these people look unhappy? The folks in the photo below are from our last marketing pow-wow and include Aspen Echelmeier, Lynda Maldonado, Brad Drennan, Sam Gross, Nicholas Haig-Arack, Pace Roghaar, Lacy Kemp, and Bradly Howell. Inga Kaufmann is missing. Their souls are crushed, but this photo encapsulates what great culture, respect, spirit, passion, and trust do for people as an antidote to might makes right. Of course, they'll all survive and go on to do amazing things, and hopefully replicate what we built together over the course of the last year -- but it just makes you think what an incredible loss this has all led to. #Chapeau to you all! Hap Seliga Jacob Dudek Joseph Catalano, CPA Todd Anderson Rob Aguero Clayton Otto Luke Dordai Kyle Hickey Kathy Hernandez, MBA, SPHR, BS Wes Brown Sydney Dowd kirsten mayell Connor Barrett Maria Backman, Esq. Lee Swingley John Washburn Keegan Shuping

A good view of sports business

Ever wondered what makes a ballpark more than just a place to watch baseball? ⚾ PNC Park just clinched the title of the best ballpark in America (according to the brilliant people at USA Today). 🏆 But it's not just the stunning skyline views or the intimate seating that's got everyone talking. It's an emblem of something bigger, especially for brands. Imagine aligning your brand with excellence. PNC Park is more than a venue; it's a beacon of quality, community engagement, and unforgettable experiences. It's where moments are made and memories are cherished. For brands, this is your playground. A partnership or presence at PNC Park isn't just an investment in advertising; it's anchoring your brand in the hearts of millions. It's associating your name with the best of the best, creating a narrative of excellence and unforgettable experiences. So, what's your next move? Please share your thoughts below, or tag your favorite brand (so that they can become part of PNC Park's legacy). #SportsMarketing #Pittsburgh #BrandPartnerships

Is it a risk to walk down the alley? Would it be worth the uncertainty if I could get the world's best espresso around the corner to the left? And what about racehorses? Worth an investment if you already have everything else? Wouldn't it be cool to add pics of my Royal Ascot winning racehorse to my socials? In today’s briefing: The power of sacrifice and embracing uncertainty in sports, business and life. Or, as Magnus Carlsen put it: “Not being willing to take risks is an extremely risky strategy.” Furthermore: owning a racehorse, the idea of an imminent stock markets bubble and a glimpse into the future of music production. #investing #racehorses #uncertainty #PlaymakersBrew

It's interesting to look at the business of pro sports teams... The Atlanta Braves are publicly traded (𝘨𝘪𝘷𝘪𝘯𝘨 𝘶𝘴 𝘢 𝘨𝘰𝘰𝘥 𝘷𝘪𝘦𝘸): 𝗦𝘁𝗮𝗱𝗶𝘂𝗺-𝘀𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝘀𝘁𝗿𝗲𝗮𝗺𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲: 🏟 • tickets • advertising • concessions • merchandising • parking/passes The "sports team" itself is the tip of the spear for monetization. Expanding product channels not only 𝘣𝘰𝘰𝘴𝘵𝘴 𝘵𝘰𝘱-𝘭𝘪𝘯𝘦 𝘳𝘦𝘷𝘦𝘯𝘶𝘦 but also deepens fan engagement. 𝗢𝘁𝗵𝗲𝗿 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝘀𝘁𝗿𝗲𝗮𝗺𝘀 𝗶𝗻𝗰𝗹𝘂𝗱𝗲: 💰 • sponsorships • special events • online merchandise • national media rights • in-person experiences • local media rights (radio/tv) • entertainment (documentaries) • real estate development projects • licensing (sports betting, products, etc) The Atlanta Braves parent company (NASDAQ: BATRA) is valued at a market capitalization of $2.56 billion and an enterprise value of $3.01 billion. Warren Buffett is a shareholder of the Braves. 𝗜 𝘄𝗼𝘂𝗹𝗱 𝗲𝘅𝗽𝗲𝗰𝘁 𝘁𝗼 𝘀𝗲𝗲 𝗺𝗼𝗿𝗲 𝘁𝗲𝗮𝗺𝘀 𝗴𝗼 𝗽𝘂𝗯𝗹𝗶𝗰 𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗻𝗲𝘅𝘁 𝘁𝗲𝗻 𝘆𝗲𝗮𝗿𝘀.

Did Dr. P Put the P in Pickleball? https://lnkd.in/g2G6u2TP Thanks to Lauren Hirsch at the The New York Times for seeking my feedback on an interesting discussion of whether Pickleball's growth in interest will translate into profits for those who have invested in the sport's growth. All depends on the size of future media deals, and the size of those deals rests upon whether TV/streaming ratings of #pickleball will grow over time. Great question, because it really makes you think about what drives eyeballs to events aired on linear and streaming, who is the demo most apt to want to watch high-level pickleball tournaments, and more. Olin Business School at Washington University

Something very strange! I traded my CEO cap for a sports jersey 😑 Balancing Business and Sports: A Day on the Field 🏆 As a studentpreneur juggling multiple hats—running my own agency, spearheading a nutrition startup, and leading a team of 15 talented individuals. finding time for sports may seem like a stretch. But hey, where there's a will, there's a way! Yesterday, I had the pleasure of trading in my CEO cap for a sports jersey as I took to the field for my department's HOD's Cup. The adrenaline, the camaraderie, the sheer thrill of competition—it was an experience like no other! Despite our valiant efforts, my team didn't clinch the victory this time around. But let me tell you, we left it all on the field! From epic rallies to heart-stopping saves, every moment was a testament to the power of teamwork and resilience. Now, here's where I turn the tables on you: Can you guess the scores? Drop your predictions in the comments below! Let's keep the spirit of competition alive and relive the excitement together. #Studentpreneur #Sportsmanship #TeamSpirit #LinkedInEngagement

Today, our Rick Wolf is excitingly announcing his retirement after more than three decades of leadership roles within the sports betting and fantasy sports industry. 🗣 “I have been living and breathing fantasy sports and sports betting for my entire career. It is my life’s work and I will always be a part of this industry." - Rick Wolf Read more about Rick's career and what he plans to do next below: #sportsbiz #sportsbetting #fantasysports

Dave Portnoy is taking back the reins at Barstool Sports buying back the media company from PENN Entertainment, Inc (NASDAQ:PENN), as a side-deal to the casino and betting group’s market-shaking new team-up with The Walt Disney Company's (NYSE:DIS) ESPN Portnoy - the podcaster, social media personality and media entrepreneur that launched Barstool Sports in 2003 - is buying back Barstool just five months after Penn took full ownership for an aggregate cost of US$551 million. Penn bought 36% of Barstool for US$163 million in 2019, before picking up the rest for US$388 million in February 2023. Barstool acted as a source of content and an integral part of the marketing strategy for Penn’s online sports betting operation. With the Disney deal under exclusive terms, Portnoy now takes back the company albeit Penn retains rights to 50% of any gross proceeds should the Barstool founder again sell either a stake or all the business. More at #Proactive #ProactiveInvestors http://ow.ly/XMC5104QEHr

Youth Sports post COVID are riding a big time tailwind. There has been investment in the youth space, but as NIL programs became more common, the money into youth sports will grow even more as college (and high school sports) become more lucrative for athletes and parents. will be interesting how the downstream investment will funnel back and effect upstream college and pro sports. TeamSnap SportsEngine We Are Camps Mojo If anyone is interested in getting exposure to Youth Sports at a favorable rate, I have a great partner that can get your brand in front of millions of youth athletes and parents