Sports Management’s Post

My best tactic for closing deals? Incentivized KPIs. Creative deal terms that reward shared KPIs are powerful. We use bonus structures based on hitting goals together. This helps get buy-in from partners much more quickly. Think: Pro sports contracts with built-in performance bonuses. You get extra payouts for benchmarks like yards thrown, home runs hit, points scored. Bonuses like this can get complicated, but the alignment alone is worth it. Take a page from the pros. Bonus benchmarks breed commitment.

Are you ready to seize this incredible opportunity to grow your business? Here are some strategies to make the most out of the NFL Draft buzz: 💡 Create Engaging Content 💡 Explore Sponsorship Opportunities 💡 Get Involved in NFL Events 💡 Host a Watch Party Don't miss out on the excitement of the NFL Draft in Detroit! By leveraging these strategies, you can grow your business and make a lasting impact during one of the most anticipated events of the year. Let's leverage this draft season for your business! 🎉🏈 #NFLDraft #Detroit #GrowYourBusiness

Brand partnerships can ruin your reputation. If you’re promoting a product you’d never use, never wear, or you don’t believe in… your viewers will eventually realise it. I know as a new creator, you can feel forced to say yes to deals. You need them to earn the cash you need to buy new filming equipment or pay your staff. But your brand is your most important asset. Don’t risk its reputation. Sure, losing your credibility likely won’t happen straight away. But it will start to chip. Little by little, with every bad deal, you’ll lose everything you’ve worked so hard to build. Be careful who you partner with your brand. #BrandDeal #Partnership

Whether you're a fan of sports or not, there's no denying that the business side of things is fascinating. And there's a lot we can learn from the way that sports teams negotiate contracts, handle player trades, and manage their finances.   Here are some key negotiation lessons we can take from the world of sports. For more information, click here. #bussinessnegotiation #efficiency #effectiveness  

On Friday, a major event took place in the world of sports, specifically in the NHL. The struggling Arizona Coyotes sold their assets to SEG out of Salt Lake City. Starting next season, the team will have a new home in Utah. What's most impressive is that this deal happened in record pace, and a LOT took place in a matter of weeks to pull it off. However, one key detail that many people may miss is how the deal was structured. This is a significant detail that most people who look to acquire a business don't understand. Using this information as a guideline can save you from potential major liability down the road. If you're thinking of acquiring or selling your digital business, send a DM. We can help navigate the treacherous waters of the M&A world.

Bob Lynch & Kirk Wakefield here's a study I'd love to look at w/ you two... Is there a correlation between brands who invest in sports partnerships and the duration they stay in business for? These business figures blew my mind... - The average S&P 500 company only exists for 18 years - 48% of all companies fail after 5 years and 65% fail after 10 Is there something tied to sports partnerships that indicate company longevity compared to those not invested in sports partnerships? It's a long shot, but talk about a compelling reason to invest in partnerships if there is truth to this! 💡 💡 💡 #sportspartnerships #linkedinsports #sportsmarketing

Does your marketing team rely on a single player? 🔍 Notice how we often hinge our marketing dreams on one-star player? It's a risky game. 🤝 Enter: the power of partnerships. They're not just our backup; they're our co-headliners, ensuring the show goes on, no matter who takes a bow. 🛠️ With partners in our corner, we build not just campaigns, but resilience. It's about crafting a strategy so robust, individual departures simply mean a change in roles, not a crisis. 🌟 Let's champion a marketing ecosystem that thrives on collaboration and diversity. Because when one door closes, you'll have an entire ensemble ready to play the next tune. #TeamDiversity #Partnerships #Marketing #Strategy #Meme #lucidmeme

What's in a great partnership? Even if you know nothing about football, you can still enjoy the banter and emotion between Ryan Reynolds and Rob Mcelhenney as football novices managing their football club! Beneath the humour is a great partnership and rock-solid commercial acumen built on playing to each other's strengths! The demonstrate many of the elements of successful partnership: 🔸Complementary Skills: Ryan Reynolds has combined his celebrity status and business acumen to build a diverse business portfolio - from ad software to MVNO and creative agency to gin distiller - he clearly knows his onions!! Rob McElhenney is a writer and creator who understands the power of storytelling and brand building. Together they've successfully combined each of their strengths and filled their skills and knowledge gaps with subject experts. 🔸Shared Vision and Passion: From the outset they've been clear in their shared vision and desired outcomes. They've invested in people and activities that will help them achieve their goals. And they've combined this with a genuine passion for what they're doing and the local people involved. 🔸Engagement and Transparency: They've built in public and showed an open and engaging approach to communication across multiple channels and brought local, fans and a new global audience on the journey with them! Yes they have a personal brand and a network many of us can only imagine, but it still requires skill, focus and commitment. And it's working, as the value of the club has increased 4x since they took over 3 years ago! #partnership #focus #skills Image: IMAGO/PA Images/Martin Rickett