Tyler Smith’s Post

Jonathan Boyar's latest makes me ponder whether 2024 is the year of small caps. From a UK perspective it is tantalising; the FTSE 100 has just passed its 40th and much comment has been made about its relative underperformance and reasons for. So why not allocate capital lower down the scale and abroad? CME Group analysis notes (https://lnkd.in/eedeEeBk) on a long term basis that there are periods of uncertainty when small caps outperform, eg, "1990-1994: during the 1990-91 recession and its immediate aftermath, small caps again outperformed the S&P 500 by nearly 50%." and "1999-2014: in a new era of turbulence (tech wreck, 9/11, Afghanistan and Iraq wars, subprime bubble, economic meltdown and quantitative easing) small caps swiftly outperformed large caps once again, with the Russell 2000 drubbing the S&P 500 by 114%." Currently there are echoes of 'turbulence', eg, Mid East war, CEE war, Taiwan election flashpoint, cargo ships re-routing, possible return of Trump, UK mortgage holders facing a £19bn hike in costs...and the Fed's Beige Book summary (29 Nov 2023) states: "On balance, economic activity slowed since the previous report...The economic outlook for the next six to twelve months diminished over the reporting period." The next summary is expected 17 January.

It's moments like these that make me so grateful to work alongside such passionate and dedicated individuals. Working with people who deeply care about athlete advocacy and their well-being makes it all worth it. Together, we are not only making strides in athlete performance and recovery but also championing the cause of athlete advocacy. It's empowering to be part of this journey, contributing to the innovation that positions Cleveland as a leader in sports performance and health tech. Here's to making a difference, one athlete at a time.  #WomenInTech #AthleteAdvocacy #ClevelandProud #TeamTRAZER #Empowerment #Innovation #SportsMedicine #AthletePerformance #InjuryPrevention #TechForGood #WomenInSports #Leadership #ClevelandSports #HealthTech #SportsTech #CommunityImpact #InspiringChange #MakingADifference #ClevelandStrong #AthleteSupport #SportsScience #BreakingBarriers #FutureOfSports #WomenWhoLead #ChampioningAthletes #ProudMoment #SportsLand

After all that noise, Washington’s Capitals and Wizards will stay put in Capital One Arena in downtown D.C. Owner Ted Leonsis will not move to a spanking new facility in Northern Virginia. Only six major sports facilities opened in North America from 2020 to 2024. It’s perhaps the steepest stadium slump we’ve seen since the baby boom. Those first “super stadiums” were cavernous concrete buckets meant be filled with multiple sports and events — think Houston’s Astrodome or RFK Stadium in the District. Many were built with public funds and envisioned as public resources. The cost to build those sports spaces more than doubled during that second surge of construction even after adjusting for inflation, from a median of $190 million in the 1980s to around $480 million in the 2000s. Read more:

Transitioning teams, expanding families, or exploring new locales? KW Sports & Entertainment is your go-to for buying, selling, relocating, or investing anywhere in North America. Let us navigate your next move with precision and care. #AthleteMoves #KWSE #RealEstateGoals #WeAreKWSE

I am not a sports person. I don’t know who Lobo is, but I know she ruffled feathers and sparked discussion in Albany, NY. I extracted the local comments I could capture on Reddit and Facebook- and here are the sentiments summarized neutrally by AI along with some suggestions: Defensive Pride: Many commenters expressed a sense of pride in their city, suggesting that while Albany might have its flaws, it remains a city they are proud to call home. Acknowledgment of Truth: A significant number of responses recognize the truth in Lobo's critique, highlighting a perceived lack of nightlife and entertainment options in the city, especially around the MVP Arena. Desire for Improvement: Amidst the defense and acknowledgment of Albany's current state, there's a strong desire for improvement. Suggestions for enhancing the city's appeal include addressing safety concerns, revitalizing downtown areas, improving public amenities, and more effectively promoting and leveraging Albany's historical and cultural assets. Suggestions for Improvement: Addressing Safety and Aesthetics: Commenters suggest that improving safety and the visual appeal of downtown areas. Cultural and Nightlife Development: There's a call for the development of more robust cultural and nightlife options. This includes more bars, restaurants, and entertainment venues that stay open later, as well as support for local arts, music, and cultural events. Infrastructure and Accessibility Improvements: Improving infrastructure and accessibility around key areas .Enhancing public transportation options and pedestrian-friendly areas were mentioned. Leveraging Historical and Cultural Assets: Many see Albany's history and culture as underutilized assets. Suggestions include better promotion of museums, historical sites, and cultural festivals to both locals and visitors. Community Engagement and Investment: Engaging the community in development projects and encouraging local investment were seen as vital steps towards revitalization. This includes fostering a sense of ownership among residents and businesses in the city's future. SO did AI tell us anything we don't know already? Better together. Be a part of the answer. (Today is First Friday in Albany by the way. ) #FirstFridayAlbany #AlbanyNY #CreativeEconomy #creativematters #historicpreservation https://lnkd.in/eTzvFm8a

Just start. That's my big takeaway after immersing myself in countless interviews and connecting with entrepreneurs, content creators, and industry peers. No one has all the answers right from the start, and that's what makes the journey exciting. You learn as you go, not before taking the first step. This principle rings true in Adam White's journey with Front Office Sports Adam, I find myself reading your newsletter almost daily, thanks to your bold start.

One of the great things about a healthy sports fandom is how it can bring people together, creating at times a much needed boost across various communities. As a diehard Detroit Lions fan (we know the agony of defeat more than most), to see the progress this team has had over the past few years to the point of being just one win away from making it to the Super Bowl, seeing such positive things being said about your town, and seeing others across the country rooting for you is beyond description. However, this post I saw on Facebook from 🎙Mark Steckman 🎧 comes close: --- Most people outside Michigan don’t realize what this means to the city of Detroit. It’s bigger than football. It’s about a comeback that’s been in the making for 30+ years. In 1950, Detroit was the 4th most populous city in the country. It was the epicenter of Motown music, the largest manufacturing industry, and was a thriving, diverse & desirable place to be. For much of the last 40-50 years, the city struggled with so many self-inflicted wounds….run-down vacant homes, crime, fires on devils night, government corruption and on and on. But if you’ve been to Detroit, you know today it’s different. It’s becoming more economically diverse. Home to the top 2 mortgage companies in the USA. Home to 4 of the largest pizza franchises in the USA. Rebuilding downtown. Casinos, markets, restaurants, shopping, events, theaters, stadiums, housing. Visionary leaders like Dan Gilbert & Mike Ilitch among others saw opportunity to restore this once great city to its glory. And it’s well on its way. What the Lions represent to the city of Detroit is far greater than a football game. It’s about the comeback. Never giving up. Leadership seeing greatness in and thru the ugliest of days past. I’m happy living in the 813, but proud to be from the 313. This is Detroit’s moment. #LionsPride #detroitlionspride #detroitlionsfootball

Certainly one of our "biggest" local and state discussions over the next year for Chicago sports fans, planners, and economic development practitioners, here's an edited conversation between Joe Engleman at The Reader and historian Sean Dinces on how the current Sox stadium and United Center developments impacted local development and economics. There are many hidden costs beyond potential public incentives... there are also hidden and intangible benefits. The Sox need to stay in Chicago, and if they do move to the 78, time to roll out significant community benefits agreements for Chicagoans and negotiate a suitable replacement tenant for the existing stadium. https://lnkd.in/gnS38FUh

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Looking back to my days at the ALSD and The National Sports Forum, there is one question that seems to be asked of every sports exec who speaks, “What keeps you up at night?” Sometimes it’s fun to put yourself in those shoes and this article from The Washington Post did that for me… As someone who spends most of their day tracking sports development projects as a part of our Legacy Programs, here is what keeps me up at night. While excitement continues to build with what the The Washington Post outlines as the forecasted 4th distinct era of sports venues here in America, my question is how will this impact the future of sports fans and fanatic loyalty? How will the fan experience change as fans see relocation used as leverage for funding? Do boycotts like what is happening in Oakland become more prevalent? Do we see emerging leagues like the UFL gain traction? While the A’s are receiving most of the media attention, we also see the St. Louis Battlehawks setting the UFL record with over 40k fans against the Arlington Renegades just years after the Rams moved to Los Angeles. Are modern fans loyal to teams, cities, specific players… or is the presumed feeling of loyalty diminishing? This conversation is taking place all over the country and in all major sports leagues. This new era of stadiums will inevitably be the most expensive projects in the history of this industry, but how do we solidify the past, present and future of our industry's fanbases? Will the fanatic loyalty of sports outlast the political tensions surrounding our stadiums? How is the idea of “Leaving a Legacy” going to be viewed as our industry continues to adapt?