The Sport Businessman Podcast #31: Wayne Kimmel, Founder and Managing Partner of SeventySix Capital | Pt.2
Dec 3, 2024
Wayne Kimmel, Founder and Managing Partner of SeventySix Capital, dives into the evolving sports landscape, emphasizing the influence of NIL deals and technology on athlete choices. He discusses the shifting dynamics in college sports, highlighting the challenges of player representation. Kimmel shares insights on how young professionals can navigate the competitive sports industry through networking and personal branding. He also underscores the value of legal education in sports careers and explains why investing in passionate entrepreneurs is key to startup success.
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Three-Tier Sports Transformation
- The professional, collegiate, and youth sports ecosystems in the U.S. are being transformed simultaneously.
- This creates a wide-open opportunity to build the "next, next thing" across levels of sport.
Tech Drives Scheduling And Distribution
- Media deals and tech companies are reshaping when and how sports are consumed and scheduled.
- Distribution power from Apple, Amazon, Google, Meta, and Netflix changes league strategies and viewer access.
College Pay Creates Career Uncertainty
- NIL and new compensation models are making college athletes' pro decisions more complex and fluid.
- The current landscape is "wild, wild West" with one-off deals and no standard contracts.