The reason that opportunity exists is because the ownership groups buying teams are very different than in the past. The franchise is their primary asset, and they come from backgrounds with an analytical focus such as venture capital, private equity, and management consulting. In the past, sports franchises were secondary assets in the portfolio of individuals who made their money in industrial-based businesses.
More Quotes from Daryl Morey:
I've never seen a business that shouldn't be more analytically driven than ticket sales we have fantastic data on who the customers are, where they're sitting and what they'll pay.Daryl Morey
We optimize the business to give Danny Ainge, the Celtics executive director of basketball operations as much money as possible to go spend on players -- the more money we make, the more he has to spend.
Daryl Morey
Without a visual sense of who was coming into the building and where they wanted to sit, it was like playing chess without a chess board. You could play chess with written notations in Excel, but it makes a big difference if you can actually see the demand and the revenue trends.
Daryl Morey
Every player decision has two main components, the scouting or traditional analysis and the numbers depending on the situation, you weight them differently.
Daryl Morey
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