Investing in Sports: Building A Better Fan Experience

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• 00:00

  Until just a few months ago, the Los Angeles Clippers played home games at crypto.com arena in downtown LA.

• 00:08

  We were in a building that had two other major sports teams that were playing at the same time as we were.

• 00:14

  Another basketball team and an NHL hockey team.

• 00:17

  That's Clippers president of business operations, Gillian Zucker.

• 00:22

  The hockey team, the LA Kings, and the other basketball team, it was the LA Lakers.

• 00:28

  And so we were the third tenant in the building.

• 00:31

  You get the dates that are remaining.

• 00:33

  That's nobody's fault, but it was just the reality of what it was like to be the Clippers in that building.

• 00:40

  This meant the Clippers played dates that weren't favorable for the team, its players, or its fans.

• 00:47

  We played a lot of day games.

• 00:49

  We played a lot of Monday nights.

• 00:50

  We played a lot of holidays that were difficult.

• 00:53

  We had more difficult road schedules and road trips.

• 00:57

  We had more back-to-backs than other teams.

• 01:00

  And as a result of it, we were at a competitive disadvantage and we were at a financial disadvantage.

• 01:05

  So when you think about being in somebody else's building, you're paying rent to them.

• 01:09

  They're keeping the sweet revenue.

• 01:11

  They have competing sponsors to you.

• 01:13

  All of those things go away when you have a place that's all your own.

• 01:19

  This is Investing in Sports,

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