@MichaelRedd_@howlshot This is a wider issue in all women’s pro sports in the US. The valuations have gotten far ahead of the business realities. So the macro question, will women’s sports grow into these valuations commercially. 14x revenue is a bit much. . Do we know if any early investors cashed out
@nikhazar@BasketNews_com 30 years ago, football (soccer in the US) was in same spot. And it still remains below ice hockey, and MLS is a success. Fans had to be created and those who followed global football already had their teams. The key pivot was MLS started playing in the off season.
@arbarkas I live in the U.K. Know the basketball space very well, especially the business and commercial realities. An open market invites competition and that’s what we are seeing. In the end, the market will determine the outcomes. The market is fans, sponsors, media etc. Grow the pie!
@arbarkas Let me make this simple. Euroleague in Eastern Europe, Israel and Dubai and strictly basketball as a sport. NBA Europe in Western Europe, major markets/cities and basketball entertainment. BOTH grow the pie. Win-Win?
@arbarkas Oh no, sorry Aris, those markets are vitally important. They are just not NBA markets and that is the strength of Euroleague lies. And plenty to build there. The beauty of EL is it’s NOT sports entertainment!
@arbarkas At 1%, the pie has to grow and markets like UK, France and Germany are growth markets. Spain is up for grabs, Israel, Turkey and Russia are leaning EL. The pie has to grow. That’s where focus should be
@arbarkas You are so right Aris. I’m not so sure FIBA should be dabbling in commercial league operations. But my point about two different products for two different audiences is a valid one.
@arbarkas Of course it will be just one league as each entity brings something unique and together it would be a force multiplier. On branding, media and marketing, NBA is superior however.