Mark Attanasio and Tom Werner discuss their vision for the future of PGA, focusing on shifting golf to a league where players own equity, enhancing fan experiences, exploring media impact on golf, and strategies for increasing competition. They also delve into the opportunities and challenges in sports ownership, investment perspectives, and the future of sports amidst increasing valuations and investments.
Global popularity of golf driving strategic investment in PGA by Mark Attanasio and Tom Werner.
MLB owners Mark and Tom focus on enhancing fan experience to grow baseball's appeal.
Deep dives
Investing in Golf and the Global Growth of the Sport
Investors Mark Atanasio and Tom Warner discuss their strategic investment deal in the PGA, highlighting the global popularity of golf as a key factor driving their decision. They emphasize the significant financial opportunities presented by golf, both in the US and worldwide, with over 400 million participants globally. By restructuring the PGA to allow players ownership and focusing on enhancing the fan experience, they aim to capitalize on the sport's vast economic potential.
Revitalizing Baseball with Strategic Changes
Mark and Tom, MLB team owners, delve into the revitalization strategies deployed in baseball to enhance the fan experience and address challenges like game length. Through initiatives like implementing a pitch clock and promoting more engaging gameplay, they have successfully reduced the average game duration, attracting more viewers and improving fan engagement. With a focus on increasing in-game actions and adapting to changing demographics, baseball continues to evolve and appeal to a broader audience.
Diversifying Sports Investments and Future Outlook
Discussing their diverse sports investments, Mark and Tom explore the evolving landscape of sports as a lucrative asset class. They express optimism regarding future opportunities in sports investments, highlighting the revenue potential and community-building aspects of the industry. By expanding into various sports sectors and exploring new revenue streams, such as college sports, they aim to capitalize on emerging trends and drive further growth in the sports investment arena.
Mark Attanasio, Co-Founder & Managing Partner, Crescent Capital Group; Chairman & Principal Owner, Milwaukee Brewers Baseball Club and Tom Werner, Chairman & Co-Founder, Fenway Sports Group speak with Bloomberg’s Jason Kelly about their vision for the future of PGA at the Bloomberg Invest conference in New York.