Savoy’s Post

Unlocking hidden potential value in the Baltimore Orioles acquisition through sponsorships may not have been the top reason to buy, but it certainly doesn't hurt when looking at the facts: First, the Orioles are situated in the DC-Balt area, which ranks among the top 10 in the U.S. for sports sponsorship spending. Despite this, the team has historically tapped into less than 6% of the annual $315M market, which represents a decent growth opportunity. Second, with increased spending in MLB and more diversified partnerships that don't just rely on TV-visible signage, the Orioles could potentially boost their revenue to align with similar MLB teams in comparably-sized markets, which could mean an increase ranging from ~$5M to $17M annually. Third, having high-profile figures like Cal Ripken Jr. in the ownership group brings star power and credibility that can be leveraged to get in front of high-value prospects and opportunities, owing to their deep connections and understanding of the sports world. Fourth, in David Rubenstein you one of the most connected business leaders of the last 40 years. He helped found The Carlyle Group ($382B in assets under management), so running the business side and getting to the right people at any company may get slightly easier. Lastly, fan optimism in the form of winning and star power never hurts. 101 wins and the reigning A.L. Rookie of the Year is never a bad thing. (Credit: SponsorUnited) #sponsorship #sportsmarketing #mlb

Sports has always been a big part of my life - some of my first/fondest memories are being involved in sports - I was fortunate enough to play baseball 4 years in college - I had a front row seat/worked for an NFL franchise for over 20 years. First hand experience with what it takes to operate at a high level across all departments and with high level athletes - Also spent time in the sports business space learning about things like marketing, sponsorships, sales and more! Sports have always been involved in my life, and more than likely, always will be. I always love learning more about what’s going on in the industry and what people are doing. Do you know any other passionate sports professionals or those in the sport space? Or is it you? I’d love to meet people and learn new things! #sportsindustry #sportsbiz #sportmanagement

Sports has always been a big part of my life - some of my first/fondest memories are being involved in sports - I was fortunate enough to play baseball 4 years in college - I had a front row seat/worked for an NFL franchise for over 20 years. First hand experience with what it takes to operate at a high level across all departments and with high level athletes - Also spent time in the sports business space learning about things like marketing, sponsorships, sales and more! Sports have always been involved in my life, and more than likely, always will be. I always love learning more about what’s going on in the industry and what people are doing. Do you know any other passionate sports professionals or those in the sport space? Or is it you? I’d love to meet people and learn new things! #sportsindustry #sportsbiz #sportmanagement

GMA Consulting Founding Partner & Managing Director Josh Swissman, MBA was featured in a recent article discussing Las Vegas' transformation into a premier sports destination. In "Sin City to Sports Heaven: Las Vegas as an Athletic Destination" by Jess Marquez of Global Gaming Business, Josh highlights the factors that have cemented Vegas as a top choice for major sporting events. From the city's unique hospitality infrastructure to its unparalleled ability to host major events like the Super Bowl and the F1 Las Vegas Grand Prix, Josh explains why Las Vegas stands out as a sports hub. As Josh puts it, "Las Vegas continues to execute events on a scale and at a level of quality that no other destination can rival." This success is reflected in Vegas' ability to attract record-breaking attendance for teams like the Aces and the Golden Knights, as well as generate significant economic impact from special events. Read the full article to learn more about how Las Vegas has become a top-tier sports city: https://lnkd.in/ei2T9rJ3 #SportsBusiness #LasVegas #SportsDestination #GMAConsulting #Leadership #Hospitality

In the world of sports and entertainment, change is constant, but what we're witnessing lately is truly remarkable. 👇 Yesterday it was announced that Alpine F1 is now graced with the presence of several big names alongside actors Ryan Reynolds and Rob McElhenney: 🏈 NFL Players Patrick Mahomes and Travis Kelce 🥊 Boxing Champ Anthony Joshua ⛳ Golf Pro Rory McIlroy ⚽ Football Stars Trent Alexander Arnold and Juan Mata García Formula 1 has always been about speed and precision on the track, but it's rapidly becoming a destination for influential figures from diverse fields. What's sparking this newfound attraction? 🚀 These celebrities, known for their prowess in other domains, are now part of a syndicate that's invested $200 million in the Alpine F1 Team. This isn't just about money; it's about a fusion of talents and ideas. Ryan Reynolds and Rob McElhenney's takeover of Wrexham FC is the stuff of legends. Not only did they invest, but they also ignited the club's resurgence, guiding it to a long-awaited promotion. A testament to the impact celebrities can have on sports. 📈 In a world overrun by traditional advertising, brands are rethinking their strategies. Rather than renting celebrity endorsements, they're seeking long-term partnerships with influencers who resonate with their mission and values. Are we witnessing a transformation in how influence operates? Will we see more celebrities investing in brands and teams that align with their values, rather than just pocketing checks for endorsements? 💰 #Formula1 #SportsInvestment #CelebrityOwners #AlpineF1 #WrexhamFC

Imagine a visionary sports complex that caters to USCB but also becomes a hub for youth, minor and college teams. By investing in this sports complex, we not only provide a platform for the Sandsharks and other teams to showcase their talents but also tap into the growing trend of sports tourism. Imagine teams from around the state and neighboring states converging on our complex, bringing with them a wave of excitement and economic growth. The revenue generated from sports tourism can be utilized to benefit the local community. Imagine using these funds to reduce the cost of signing up for local recreation sports programs. This would make sports more accessible and affordable for everyone, fostering a healthier and more active community. The additional revenue from sports tourism, we can invest in building a complex that caters specifically to the needs of the local community. Imagine a facility that not only hosts games but also provides spaces for local businesses to advertise, creating a mutually beneficial partnership. This synergy between sports tourism and local recreation will not only enhance the experience for athletes and spectators but also boost the local economy.

Blue Jays showcase all-new seating bowl at Rogers Centre Major League Baseball (MLB)’s Toronto Blue Jays have debuted a new seating bowl as they continue to roll out renovations of Rogers Centre to turn it from a multi-purpose stadium into a ballpark-first venue. The Blue Jays unveiled the reimagined 100 level seating bowl designed specifically for baseball viewing. Combined with the popular Outfield District which opened last season, the new seating bowl continues modernising the fan experience at Rogers Centre for both long-time and new fans. The first chance to enjoy the newly renovated 100 level seating bowl is during the opening homestand from April 8 to 17. First announced in July 2022, the multi-year, nearly C$400 million, privately funded renovation has progressively transitioned the 35-year-old stadium to feel more like a ballpark through a series of projects aimed at bringing fans closer to the action, introducing modern fan experiences, and overhauling player facilities. The first phase of work focused on the outfield from foul pole to foul pole, introducing five distinct Outfield District social spaces, available to all fans with a game ticket, as well as raised bullpens and new outfield and 500 level seats. The second phase of work overhauled the 100 level infield from foul pole to foul pole by demolishing and excavating the original bowl and redesigning and rebuilding a new 100 level seating bowl, along with adding world-class player facilities and premium clubs and amenities that will open mid-season as planned. Mark Shapiro, President & CEO, Toronto Blue Jays, said: "To build a sustainable championship organisation, we needed a home that is specifically for baseball. We asked ourselves at the onset what we would build if we were designing a ballpark, and we fit that vision into the existing infrastructure of Rogers Centre, with fans always at the centre. Blue Jays fans deserve a true ballpark to proudly cheer on their team." For the full story, go to: https://lnkd.in/eWgtWeJu PCL Construction Populous #bluejays #ballpark #mlb #fanexperience #sportsbiz #sportsindustry #stadia #sportsvenuebusiness #sportsvenuebiz #svblive Sports Venue Business SVB LIVE John Sheehan Cassandra Calleja David Hall

8. How are recent trends & developments around diversity in sports ownership reshaping the landscape of sports? The landscape of diversity in sports ownership is changing because athletes didn’t normally have ability to purchase a minority stake in ownership or receive it. To me, it seemed like rich white guys always own a piece or majority stake in a sports franchise. I still feel that way. I read in a Statista article that “In 2022, around 93 percent of the team presidents within the NBA were white, while seven percent were Black or African-American. Meanwhile, just over 10 percent of the league's presidents and team CEOs were female.” So it’s not just an ownership problem but a Front Office/leadership problem in sports these days. Magic Johnson (who I met in 2011, photo below) has been a tremendous investor in sports teams like the Dodgers and Commanders among others. LeBron invested into Liverpool FC. Numerous other athletes have been getting involved too. It’s great to see new people getting ownership stakes in sports teams. I hope this trend is just starting and will certainly grow from here 📈 #LinkedInSports #LinkedInSportsChallenge

Business 💻 and Sports 🏈 Are the Ultimate Meritocracies Like sports, the difference between wanting something and achieving something requires equal parts: natural ability, discipline, hard work, and execution. Look at it this way: if you were to walk through downtown Kansas City, you’d see many people wearing jerseys with the numbers “15”’ and “87” on them. And like every team, there are always one or two players who combine their God-given talent and hard work…and THOSE are the jerseys that fans buy. We all have limitations, but where we rank among the other players on the roster is up to us. The choices that we make in business will ultimately match our level of 𝗱𝗲𝘀𝗶𝗿𝗲 to our level of 𝗱𝗲𝘀𝗲𝗿𝘃𝗲. Our challenge is to have the will to maximize our potential and accept the responsibility and the reality of the outcome. 𝗜𝘁’𝘀 𝘂𝗽 𝘁𝗼 𝘂𝘀. #KansasCity #BusinessTips #PersonalGrowth #LoneBeacon #JohnCapuano

Last night the Toronto Blue Jays unveiled their City Connect jersey which is a collaboration between the MLB and Nike where each MLB team has their own distinct City Connect jersey showing the vibrant culture of their city. As the Toronto Blue Jays prepare for a home stand which will be their City Connect week, the Blue Jays unveiled their new City Connect jersey and fans have mixed reactions about these new jerseys which looks different to their traditional jersey. As a lifelong Toronto Blue Jays fan from 1977, I actually love the new Toronto Blue Jays City Connect jersey which shows Toronto's iconic skyline and reflects the diversity and culture of Toronto on the jersey. Even though the Toronto Blue Jays season has not been successful and a disaster so far, I hope by unveiling these new City Connect jerseys, the Toronto Blue Jays will turn their season around and play a lot better with the momentum of a new jersey to attract more Toronto Blue Jays fans. "Breaking down Blue Jays City Connect jersey with an expert" #sports #fans #baseball #mlb #nike #collaboration #cityconnect #torontobluejays #newjersey #jersey #uniform #unveil #apparel #merch #merchandise #fans #iconic #toronto #skyline #vibrant #culture #fanengagement #reactions #cities #city #newlook #tickets #merchsales #sales #sportsbiz #athletes #canada #ecommerce #monetization #global #fanexperience #onlineshopping #amazon #shopify #merchants #mlbteams #brand #brandengagement #brandconsistency #marketing #marketingchannels #design #colors #black #red #nightlife #thesix