I like this video. The Bulls were one of the most dominating franchises in sports history for a period of time. I particularly like Dennis Rodman and the role he played on the team. There are three great lessons here: 1. To win you need a combination of the right talent. 2. Every player does not need to be the best in everything, but star players and coaches do need to bring in the right teammates to get the job done. 3. Know what your strengths are and be the best at what you do. This will cement your place on a winning team as long as there is a need.
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A group of buyers acquired the Boston Celtics for $360 million in 2002. In 2024, after winning a championship and signing two of the largest contracts in NBA history with Jayson Tatum ($314M, 5 years) and Jaylen Brown ($304M, 5 years), they're putting the Celtics up for sale. Estimates for the final transaction are $4 billion+ (surpassing the sale of the Phoenix Suns in 2022). Two things: 1. The growth in valuation is a huge reason why investing in sports franchises (and their Netflix documentary counterparts) are so hot right now: Michael Jordan and the Charlotte Hornets, A-Rod and the Timberwolves, Ryan Reynolds and Wrexham AFC + Alpine (F1), David Beckham and Inter Miami FC, etc. There's a lot of attention and money that goes into sports, and men's sports in particular, especially if you've got anchor stars that are driving that attention. 2. Signing the largest player contracts in NBA history, then walking away so someone else pays for it - that's a mic drop if I've ever seen one 😂
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Celtics are on the block after taking NBA title. The team’s ownership group, Boston Basketball Partners LLC, has decided to sell the franchise for estate and family planning considerations, according to a Celtics statement. The owners expect to sell a majority interest this year or early 2025, with the remainder closing in 2028. The Celtics are going on sale at a time of surging valuations for pro sports teams. That’s prompted more franchises to sell minority stakes or offer up control. In the past year, the NBA alone has seen three franchises change hands, with the Phoenix Suns, Charlotte Hornets and Dallas Mavericks all going for $3 billion or more. Sportico values the Celtics at $5.1 billion, the fourth-highest in the league. The current ownership group, led by Wyc Grousbeck and including Stephen Pagliuca, bought the team for $360 million in 2002. #estateplanning #premiumfunding #lifeinsurance #premiumfinance #taxstrategies #estatetax #PPLI
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Las Vegas' path to being "sport capital of the world" includes attracting major sports franchises. Here’s my newest story on how Las Vegas is going from Sin City to the sports and entertainment capital of the world:
Las Vegas’ NBA Hopes Rekindled As City Strives To Be 'Sports Capital Of The World'
gambling.com
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The recent data on the growth of sports franchise values is quite striking. As the chart shows, sports franchises, especially in leagues like the Major League Soccer and National Basketball Association (NBA), have significantly outpaced the S&P 500 in terms of growth over the past two decades. Considering this data, the question arises: is it time to diversify investments into sports franchises instead of traditional indexes like the S&P 500?
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My 2 cents as a lifelong Basketball fan. You guys need to examine your player development program, as well as your player acquisition strategy. Drafting a bunch of top picks ain’t going to cut it. Not in today’s NBA. Some of these top egos don’t care anything about Pistons, its history or culture. Think of the “Steel Curtain” with the Pittsburgh Steelers “Heat Culture” with the Miami Heat Those players ascribe to a certain professionalism that comes along with playing for those teams. Heck, look no further than under your own roof with the “Bad Boy” Pistons 💯 If that’s not the attitude around your team or in that building, then you need to reevaluate the people around the organization. Period. No more collecting top picks and catering to top egos. That’s a recipe for prolonged disaster. 💯 #nba #basketball #detroit #pistons #teambuilding #culture
Pistons' owner Tom Gores apologizes to fans, said there need to be changes with franchise
sports.yahoo.com
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RSM senior media analyst Justin Krieger dives into how sports leagues, franchises and businesses are deploying tech to improve outcomes and experiences in his latest industry outlook. Check it out here:
How tech innovation in sports is improving user experiences
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RSM senior media analyst Justin Krieger dives into how sports leagues, franchises and businesses are deploying tech to improve outcomes and experiences in his latest industry outlook. Check it out here:
How tech innovation in sports is improving user experiences
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RSM senior media analyst Justin Krieger dives into how sports leagues, franchises and businesses are deploying tech to improve outcomes and experiences in his latest industry outlook. Check it out here:
How tech innovation in sports is improving user experiences
To view or add a comment, sign in
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RSM senior media analyst Justin Krieger dives into how sports leagues, franchises and businesses are deploying tech to improve outcomes and experiences in his latest industry outlook. Check it out here:
How tech innovation in sports is improving user experiences
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9moWho you think will win 23/24 NBA season 🤔