Chase Griffin’s Post

Day 8 #linkedinsportschallenge - How are recent trends & developments around diversity in sports ownership reshaping the landscape of sports? We have seen a lot of athletes starting to join ownership groups, both current and previous athletes. A few examples include: Lebron, Serena Williams, Giannis, Magic Johnson, Naomi Osaka, and many others. But one ownership group that will change the sports landscape is Ryan Reynolds and Rob McElhenney. They have put a small Welsh soccer club and turned it into a worldwide phenomenon. I have gotten into the Welcome to Wrexham show on Hulu and it goes through their process and how they started out with a main objective of first helping the town and then winning games. They were able to utilize their global following with different marketing outlets including; social media, commercials, and sponsorships to help grow the Wrexham brand. They were really creative on how they grew the teams brand and which ultimately led to the success on the pitch. Ownership groups are better off having a diverse team, which can bring new and fresh perspectives and can lead to some game-changing initiatives! #linkedinsports #sportsindustry #sportsbusiness #sportsbiz

People cherish watching sports for many reasons. It allows for social interaction and forms bonds within communities. It provides psychological relief, reducing stress and boosting self-esteem. Moreover, it's an escape from daily life that brings joy and excitement. Sports fandom varies - some live and breathe their team, others watch casually, some just for entertainment. This passion, however diverse, drives the value of sports media. It's the bridge connecting fans to their favorite sports, offering unique narratives, fostering a sense of belonging, and creating shared experiences. The impact and influence of sports on people is a testament to the power and worth of sports media. #pickleball #SportsMedia #mediaproduction #creativedirector PPA Tour (Professional Pickleball)

A company is not a family. Netflix says it's a sports team. I think both are flawed metaphors but Netflix's is better. Here is why: Companies are a relatively new social structure. They are often bigger than a family or a tribe. Many are larger than Dunbar's number. Their myth (story) is not as deep or as strong as that of a religion, ethnicity or nationality. The company is usually a temporary structure, and membership is even more temporary. Belonging to the structure is based first and foremost on mutual benefits, and both sides are usually quite easy to replace. Families are small, permanent, and almost impossible to replace. So it's safe to say companies are not families. But are they like a sports team? The idea that each person must be a high performer, and play for the team, is a strong metaphor. The idea that you are judged continuously for performance, not tenure, paid for your performance let go when it's not beneficial for the company also seems a lot more honest to reality. But, sports teams are usually very small, have extremely clear objectives and rules. Companies are large, so that's already a big difference. You don't know most people and cannot develop trust with them. Companies have shifting goals which you are not always aware of, different sub groups have different agendas, and the rules of conduct are vague and vary per company. So again not like sports teams where the why, the what and how are super clear. Bottom line companies are large, temporary, low affinity, transactional, complex and ambiguous social structures. They are neither like families, religions, or sports teams. It's possible that leaders try to come up with metaphors to explain companies, simply because companies are hard to define... I guess companies are a category of their own. https://lnkd.in/dMyqf_Nf

#LinkedInSportsChallenge | Day 8 | How are recent trends around diversity in sports ownership reshaping the landscape in sports? Diversity in sports ownership is bringing new backgrounds and new ideas to sports. A big new ownership group are athletes and Hollywood stars. I think diversity between ownership will bring about more distinctive differences in a clubs personality and how it is run. Creating more of a personality and storyline behind each club.

The power of gratitude should not be understated. Having a gratitude practice shifts your focus from what you lack to what you have. Extremely beneficial when the media torrent reminding you of what yoyu lack has been amplified to todays levels. Time spend focused on gratitude typically boosts overall happiness and positivity, fostering a greater sense of contentment. This shift in perspective can lead to a reduction in feelings of anxiety and depression, and promote a more positive outlook on life. Additionally, gratitude practices can enhance self-esteem, reduce social comparisons, and strengthen resilience, contributing to better mental well-being. All good things. Derrick Henry knows the value of gratitude and has a long list of people to be thankful for. Also, that minecraft jacket is 🔥. My personal gratitude to Daron K. Roberts, J.D. for being my #1 source of repost. Thanks Daron.

For sports venue designers and operators, lots to learn from here. As Bret McCormick describes, the team at Indianapolis’ Gainbridge Fieldhouse deftly centered much of their $362 million rejuvenation project on blurring the boundary between the venue and neighborhood. The National Basketball Association (NBA)'s Christopher Russo indicates that such “indoor-outdoor fluidity” is an emerging trend in NBA arenas; I hope and expect to see more of it across other sports venue types. While not without operational challenges, it activates spaces outside of event times, generates additional revenue for the venue stakeholders by extending fans’ time at the venue before and after events, and creates utility for neighborhoods that helps otherwise conspicuous venues connect with their surrounding districts. #arenas #stadiums #sportsfacilities National Hockey League (NHL) Major League Baseball (MLB)

𝐓𝐡𝐞 𝐁𝐚𝐜𝐤𝐫𝐨𝐨𝐦 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 The average sports fan doesn't delve too deep into the nuances of the game. They might have varying degrees of knowledge, but they watch to be entertained. A goal is a goal, irrespective of the strategy behind the pass. A wicket is a wicket, irrespective of how the batter was set up previously. If they enjoy a good game (and their team wins), they go home happy. The team's strategy isn't on their radar. This doesn't mean teams don't put effort into their strategy, team selection, and everything else. They generate millions and get paid handsomely not to just wing it. But the person watching isn't privy to this and, for the most part, doesn't care. Brands sometimes tend to forget the entertainment bit. #strategy #entertainment

#linkedinsportschallenge Day 8: How are recent trends and developments around diversity in sports ownership reshaping the landscape of sports? Obviously there are some more diverse ownership groups in #sportsbiz now? But I do wonder if the premise of today's question highlights that as much as there are examples like Angel City Football Club's ownership group. To me, it isn't the ownership group, but the decision making power that is most important. Having the key decision be a woman, a black person, or another minority will help change the decision making dynamic. It might not make the decisions any different, but it might create space for different decision making criteria to be considered when things like #tickets, #marketing, and broadcasting decisions are made. Right now, we still need to see more diversity in the decision making processes. #strategy

Check out this article from the Columbus Chamber of Commerce about our work with Rapsodo Sports (Rapsodo, Inc.) and Shohei Ohtani. Thanks for the feature Columbus Chamber of Commerce! https://lnkd.in/ePte9rss

#WorldAthletics - Track and Field needs to be able to compete in the media rights business to be able to: 1. Get better positioning on TV 2. Pay its athletes better 3. Become one of the biggest in sport It can't & should not wait for every four years during the Olympics to be a massive highlight. So with all the changes in the personnel, the marketability and the commercial agreements must be a priority for #TrackAndField. While I understand spreading events into diverse geographical spaces, the sport must be in commercial centres that fans, media & business people can collaborate. Brand companies should demand more.