Dive into the excitement surrounding the Super Bowl LIX with insights from former NFL executive Amy Trask, as she analyzes the Chiefs and Eagles rematch. Discover the implications of private equity investments in NFL teams, especially Gouw's involvement with the Buffalo Bills. The podcast features vibrant conversations from Radio Row, including chats with NFL legends like Joe Montana and Myles Garrett. Explore the evolving landscape of sports business, from diversity in teams to the impact of Name, Image, and Likeness on football trends.
The NFL is expanding its international presence with real games abroad, aiming to capture a global fanbase and unlock new market potential.
Investor diversity is reshaping team dynamics within the NFL, as private equity involvement and younger investors bring fresh perspectives to team management.
Deep dives
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Diversity and Growth in Sports Ownership
Diversity within sports organizations has become a key focus as teams strive to create better representation at all levels. Owners recognize the need for inclusivity not just in hiring practices but also in acknowledging the evolving demographics of the fan base. The potential for international expansion of sports leagues was highlighted, particularly with the rise in streaming platforms catering to global audiences. This strategy to embrace diversity aims to unlock new markets and harness the full potential of sports franchises as valuations continue to rise.
Insights from NFL Hall of Famers
Conversations with NFL Hall of Famers, including Joe Montana, provide a critical look at the changing landscape of football. Montana expressed the excitement around increasing the NFL's international presence, particularly the prospect of real games played abroad as opposed to mere preseason matches. He remarked on the value such exposure could bring to fans globally and highlighted the league's missed opportunities to grow internationally earlier on. As more games are scheduled outside the U.S., the league hopes to further capture the imagination of fans worldwide.
The Future of Player Transitions and Ownership in the NFL
The NFL is experiencing a notable shift in how players and owners approach team transitions and investments. Current players like Miles Garrett are now publicly considering trades while balancing their endorsements and personal financial strategies. At the same time, minority ownership models are evolving, allowing private equity firms to invest in teams and promoting broader participation among diverse investors. This trend could redefine team dynamics and strategic growth, as younger investors with modern perspectives on engagement become more involved in team management.
Join hosts Michael Barr, Scarlet Fu and Damian Sassower for a look at some of the latest headlines and stories in the business of sports.
Former NFL executive Amy Trask sets the scene ahead of Super Bowl LIX in New Orleans, sharing her thoughts on the Kansas City Chiefs/Philadelphia Eagles rematch, the NFL's prospects for international growth and the latest head coaching hires.
Then, Theresia Gouw, co-founder and managing partner of venture capital firm Acrew Capital and Tom Conaghan, head of the Sports Law Group at McDermott, Will & Emery join to discuss Gouw's recent investment in the Buffalo Bills and what's next for private equity in the NFL.
Plus, we head to Radio Row to hear special conversations from our colleagues, Bloomberg Originals sports correspondent Vanessa Perdomo and Bloomberg US sports business reporter Randall Williams. They speak with: NFL All-Pro edge rusher Myles Garrett, former Dallas Cowboys star Dez Bryant and NFL legend Joe Montana.