A Financial Sprint within a Marathon

4-15-19 - Andy

4-15-19 - Andy Dolich


Andy Dolich -- 2015

The Time Machine

By Andy Dolich

In the world of pro sports the predominant colors brought home by athletes from their daily trips to the office are black and blue. In the front offices of sports franchises and organizations the fluid that flows through the sports deal pipeline is green.

Every day we are inundated, informed, involved and amazed by sports business deals which shatter what we thought were unreachable standards.

Look no further than Mike Trout, Bryce Harper and Manny Machado's new contracts at a combined billion  dollars. Records on the playing fields may stand the test of time but monetary records relating to team value, league broadcast agreements, premium ticket costs, stadium construction and costs of all manner of sports inventory might as well be signed in disappearing ink, waiting for the next record.

The business engine of global sports is a financial sprint within a marathon driven by an ROI (Return On Investment), wrapped in EBITDA ( Earnings Before Interest, Taxes, Depreciation, and Amortization) , driven by metrics, defined by analytics, predominated by borrowed money and hopefully leading to yearly profits and stratospheric asset appreciation.

For all the focus on competitive commerce, time is the most valuable and precious resource in the ever-growing global world of sports business.

As I look at where many organizations and their executives are falling short, it is in the area of time. Not time management but the use of time as a valuable commodity for mentoring, relationship building, networking, management by walking around and simple human-to-human face-to-face conversation.

In many instances executives, managers and team leaders are having to run a 24-Hour-Day Steeplechase and falling by the wayside. They are increasingly waylaid by the daily pressures of the job which is complicated by league mandates, ownership pressures, media responsibilities, the Bermuda Triangle of endless meetings and interactions with fans and corporate partners while trying to wedge in family activities. The ongoing tidal wave of nanosecond digitized mobile communication is putting greater pressure on the ability of managers and their staffs to spend quality team-building time together.

A few days ago I received a call from a team executive who was questioning how he should work on allocating precious minutes in the midst of a crucial time-eating project. I told him that even the featured high wire star at Cirque Du Soleil is going to have a difficult time balancing the demands of the job and his everyday life when the spotlight is turned off. You might want to think about time as the most valuable gift you have both to give and receive.

From time to time it might be valuable for team leaders to push the race for the almighty dollar to the side and realize that a hen is only an egg's way of making another egg.

It takes time but it's worth it.

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Andy Dolich has over five decades of leadership in the sports industry, including executive positions in the NFL, NBA, MLB, NHL, pro soccer and lacrosse. Presently Dolich is COO of the Fan Controlled Football League (FCFL) and teaches sports business at Stanford's School of Continuing Studies. Dolich is also co-author of the new book:
Super Bowl Memories

Leigh Steinberg's Super Bowl Party is considered the second-most sought after invitation
Leigh Steinberg
Left to right: Arif Khatib, Leigh Steinberg and Loral Langemeier, president, Ingratiated Wealth Systems

Super Time at Super Bowl LIII
by Arif Khatib

I attended the world's top sports agent and the Bay Area's own Leigh Steinberg's Super Bowl Party the day before the game with over 1,500 attendees, including many NFL Legends and two team owners.

This was Leigh's 32nd annual Super Bowl Party and is now the second-most sought after invitation behind the NFL's Party. On Sunday, before the game, I was off to a Super Bowl party at the lovely home of Morehouse College luminaries, James and Faye, with an invitation from former San Francisco Chronicle journalist Ron Thomas. They put on the Ritz with hi-quality southern home-cooked soul food, plenty of liquor, high-spirited guests and with a theater-sized screen and large leather seats.

 Whew! It's time to bid Atlanta good bye and head home from the world's busiest airport. Oh, by the way, the Patriots won the game, 13-3.

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Arif Khatib is the founder and president emeritus of the Multi-Ethnic Sports Hall of Fame.
Mr. Khatib is also a member of the advisory board of Gridiron BioNutrients.

Oakland Raiders owner Mark Davis and Arif Khatib

Kansas City Chiefs quarterback Patrick Mahomes, fashion model Courtney Wright 
Fashion model Courtney Wright (left), realtor Diane Wilson

(Left to right) Charles Haley, Rayfield Wright, Mel Renfro

Dallas Cowboys Hall of Famer Rayfield Wright and Arif compare Hall of Fame rings
Arif and James Allen, NFL Hall of Fame board member, display their rings

3-6-17 - Pops

Michael King (left), with an associate from USF (center), and Karla Granadino-King, are pictured at the Olympic Club in San Francisco,  proudly sharing with the world their  Pops Premium Rumpopo. A King family secret, Pops Premium Rumpopo is a  delicious rum cream liqueur recipe brewed in the family tradition.  The award winning recipe is a Belizean family favorite and now available at all Total Wine & More stores in California and Bay Area retailers.
For more information, visit https://www.bzecheers.com/rumpopo

Pops - Original
Pops Back Label