SBD/Issue 33/Sports Industrialists

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  • Catching Up With Breeders' Cup President & CEO Greg Avioli

    Breeders' Cup President
    & CEO Greg Avioli
    If horse racing is the sport of kings, then this is the weekend when Breeders' Cup President & CEO GREG AVIOLI is king for a day.  Make that two days now that the event has added three Friday races to its lineup. Then again, no king has ever been asked to spearhead a 40% reduction in his organization’s expenses and personnel, all with the word “Interim” preceding his title. With the tag removed in April, Avioli continues to lead in a period of change and transition for the Breeders’ Cup. This year marks the first time the race will be held at Monmouth Park. Also, another new $1M race will be added next year at Santa Anita as the event’s presence on ESPN continues to expand. Staff Writer Preston Bounds caught up with Avioli on the eve of this year's event.

    Current Residence: Split between Lexington and Manhattan.
    Favorite Song: “Caravan” by VAN MORRISON.
    Favorite Horse Racing Moment: TIZNOW winning his second Breeders’ Cup Classic a month after 9/11.
    Favorite Sport Besides Horse Racing: Baseball (big Cardinals fan).
    Best Horse Name Ever: MAN O' WAR.
    Worst Horse Name: BODACIOUS TATAS.

    Q: What is it like to hold a position where so much of your efforts are centered around one weekend a year?

    Avioli: It can make you very nervous. There’s not a lot of room for error, particularly when you have an event that is held in the last week of October or the first week of November, where weather can play such a factor. These horses run rain or shine, but it will obviously be a better fan experience if we don’t have too much rain.

    Q: What does the experience at the track provide that you can’t get from TV?

    Avioli: The biggest single difference is the people around you and the excitement. Everyone in the stands is going to have a horse that they’re cheering crazily for. You can’t recreate that when you’re in your house.

    Q: What can ESPN do for horse racing’s exposure and appeal that other platforms may not be able to do?

    Avioli: The best thing that ESPN does for us is utilize all of their promotional aspects leading up to the event. If you look at the scroll on the bottom, they’ve been running since Wednesday all the horses that are pre-entered. Go back to last year, where they had the West Virginia-Louisville game two days before the Breeders’ Cup, and they kept panning over to the racetrack at Churchill Downs. One N.Y. Times columnist wrote that it looked like it was a three-hour paid advertisement for the Breeders’ Cup. It’s a thousand different ways that they can say the words “Breeders’ Cup” and explain it little by little to that coveted 18-49 demographic.

    Q: What would characterize the perfect naming rights partner for the Breeders’ Cup?

    Avioli: We envision the brand now as a luxury sports property. You could have the Rolex Breeders’ Cup or the Hermes Breeders’ Cup, something that connects. We bring not only the best horses in the world, but the richest and most successful people in the word to our event. We have titans of industry, rulers of countries and the highest of the high end when it comes to the owners and the breeders.

    Q: Like any wager, there’s a risk/reward factor in changing the format of the event to two days. Give me some odds on that being well received.

    Avioli: The first way you look is, are the horses going to come? And they did, so you can’t even bet on that. We had 31 horses entered in these three new races. The next question is, are the players going to want to bet on them? The challenge is Fridays are usually much smaller because so many more people are working, but I would say our odds of breaking some Friday wagering records are probably 5:2. We got some unexpected publicity for one of our Friday races, a sprint for the fillies and mares, with OPRAH WINFREY doing a nice feature on OPRAH WINNEY and her run to the Breeders’ Cup that aired this week.

    Q: You made a lot of organizational change to the Breeders’ Cup and the NTRA with the word “Interim” in your title. What’s it like to conduct an overhaul like that with your own position not fully secure?

    Avioli: I had worked in one capacity or another for the Breeders’ Cup for five years prior to that, so even though I was the interim CEO, I had a pretty good understanding of the business and a good relationship with the BOD. Our 13-person board has six billionaires, almost all of them self-made. It’s a group that does not suffer fools lightly. You need to come to work every day with your game face on, so in some ways the Interim title was an excellent way to focus every day because you knew you didn’t have an indefinite period of time to get things done.

    Q: JOE TORRE is going to present the trophy for the Breeders’ Cup Classic. How did that come about?

    Avioli: I think we were the first call to him when it was announced that he was unable to reach an agreement with the Yankees. Joe has said he wants to do it, but there is one conflict he is trying to rearrange and if he can, he’s going to be here. He loves the races. One of the two things he wants to do going forward is watch more horse races. I was a huge fan of his growing up. He played for and managed the Cardinals. Just a class act all around.

    Q: If Torre can’t make it, who’s your first alternate for celebrity trophy presenter?

    Avioli: HILARY DUFF. She is filming a movie about ten miles from here with ELLEN BARKIN, and we’re in discussions with her right now as a backup.

    Street Sense Favorite
    To Win Breeders' Cup Classic
    Q: Who do you like in the Classic?

    Avioli: I’ll answer that a different way. We have an amazing game that we just launched on our Web site Breederscup.com that will allow you to run all of these races any way you want to. It has all of the past performances and stats of every horse. So you can decide, "I want this horse to go fast, this one to go slow," and you can ride the horse and watch the race unfold. I have done this a number of times, and the horse that appears to win the majority of them, no matter how you set the conditions, is STREET SENSE. From a marketing perspective, there would be some real value to Street Sense completing this unprecedented trifecta of winning the Breeders’ Cup Juvenile, the Kentucky Derby, and coming back and winning the Breeders’ Cup Classic.

    Q: What sports business story are you currently watching closely?

    Avioli: I have my eye on what is going on with the ATP tennis tour and the match-fixing allegations. Gambling is such an integral part of our sport, and when we see any sort of game-fixing or corruption allegations in sports and gambling, that immediately draws my attention. We still haven’t heard exactly what happened. I was impressed with the response from all of the various tennis bodies when they set up their integrity commission.

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  • This Week's Newsmakers: Online Ticketing Takes A Hit

    THE DAILY each Friday offers our take on the performances over the past week of some people and entities in sports business. Here are this week’s newsmakers.

    WIN: NIKE -- Takes major step in quest to dominate global soccer market via acquisition of UMBRO, an iconic brand within the sport. The move gets the approval of analysts and, perhaps more importantly, the Football Association, with which Umbro has a deal to sponsor the English national team. Sports finance expert ROB TILLISS says the acquisition is "going to allow [Nike] major entrance right away” into the European soccer market.

    LOSE: Online Ticket Sales -- Paciolan, MLBAM and the Rockies make an aggressive move in putting all Rockies World Series ticket sales online, and the site crash that cripples the process on Monday is further evidence that online ticketing is still fraught with challenges. Blame it on hackers, blame it on “bots,” but a process that is designed to be equitable and easy is becoming a frustrating reality for fans

    DRAW: Rick Reilly -- His move to ESPN is a strange one and we’re not sure it’s a great fit.  Reilly was honest in saying that he was really going for the TV exposure, but the move struck us as a little disingenuous considering his criticisms of the company in the past.

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  • Executive Transactions

    The Magic named Wild VP/Sales & Service STEVE GRIGGS Exec VP/Sales & Marketing (Magic)....Florida State Univ. AD DAVE HART will leave the school at the end of this year, though his contract runs through '09. FSU will reportedly name Flagler College Chancellor BILL PROCTOR interim AD (PALM BEACH POST, 10/26)....Ashworth appointed ALLAN FLETCHER CEO and GREG SLACK CFO. Former CEO PETER WEIL resigned to spend more time with his family.  Ashworth Exec VP, CFO & Treasurer ERIC HOHL has also left the company (Ashworth)....HDNet named ANDREW SIMON CEO of HDNet Fights, the net’s new venture into MMA. Simon will work with GUY MEZGER, who was named HDNet Fights GM. Previously, Simon was VP/Marketing & Sales at Cox Communication in Las Vegas (HDNet)....Chief Supt. BUD MERCER was named Assistant Commissioner in charge of the 2010 Vancouver Games Integrated Security Unit. Mercer replaces Chief Supt. BOB HARRIMAN, who left to pursue “other opportunities” earlier this year (VANCOUVER PROVINCE, 10/25)....Reliant Energy promoted Manager ROCKY HARRIS to Dir of Sports & Marketing Sponsorships (Reliant).

    FRANCHISES: The Dodgers promoted DE JON WATSON to Assistant GM of Player Development and TODD TOMCZYK to Assistant Athletic Trainer, and named SUE FALSONE MLB’s first-ever female physical therapist (Dodgers)....The Astros named BOBBY HECK Dir of Amateur Scouting. For the past nine seasons, Heck was Eastern Scouting Supervisor for the Brewers (HOUSTON CHRONICLE, 10/25)....The Single-A South Atlantic League Greensboro Grasshoppers announced VP/Baseball Operations KATIE DANNEMILLER was selected as the ’07 South Atlantic League Woman of the Year (Grasshoppers).

    Do you have an executive announcement? If so, please send to editorial@sportsbusinessdaily.com.

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  • Names In The News

    In a FINANCIAL TIMES Op-Ed, IOC President JACQUES ROGGE writes since '95, when the IOC established its Sport & Environment Commission including representation from the United Nations, it has become "increasingly aware that the responsibility lies with the Olympic movement to provide concrete practical solutions for candidate and host cities." The organization of each Olympics "now includes nearly 150 criteria for measuring their consequences to host cities -- from environmental to social and economic aspects." Air quality poses "considerable challenges" for the '08 Beijing Games, but city authorities "are well aware" of it (FINANCIAL TIMES, 10/26).

    Romo Protecting Himself
    With $30M Insurance Policy
    SAFE COWBOY: NFL Network’s Adam Schefter reported Cowboys QB TONY ROMO “very quietly” took out a $30M insurance policy before the season “in the event of an injury.” Schefter: “It’s given him some peace of mind. I think it’s allowed him to play with some reckless abandon, and one way or another, Tony Romo is going to be a very rich man” (“NFL Total Access,” NFL Network, 10/24). On NFL.com, Schefter wrote Romo "doesn't have to suffer a career-ending injury to get paid," as he would be eligible for the payment if an injury "contributed to a downturn in his performance that affected his value on the open market." The premium cost Romo "somewhere in the vicinity of $150,000 this season" (NFL.com, 10/25).

    NAMES: Chargers Owner DEAN SPANOS' California-based A.G Spanos is building 300 luxury apartments near the Univ. of Albany-Harriman campus. A.G Spanos VP NICK FAKLIS said the apartments, which are expected to open in '09, are the company's "first foray into the northeastern part of the country" (Albany TIMES-UNION, 10/26)....The NCAA Thursday stripped the Univ. of Arkansas men's track team of their '04 and '05 men's outdoor national championships and placed them on three years probation for recruiting violations involving former assistant coach LANCE BRAUMAN and U.S. sprinter TYSON GAY. The NCAA found Brauman and his wife provided Gay with improper transportation, housing and academic assistance from July-September '03 (USA TODAY, 10/26)....Former ESPN Radio 1250 Pittsburgh’s JOHN DUFFY Thursday pleaded guilty to possessing child pornography and faces 51-63 months in jail. Duffy has also worked in the press box at Univ. of Pittsburgh football games and at Petersen Events Center for women's basketball games (PITTSBURGH POST-GAZETTE, 10/26).

    IN MEMORY: Horse owner and breeder CYNTHIA PHIPPS died Wednesday due to injuries suffered during a fire in her Manhattan apartment at the age of 62. Phipps is the daughter of late Bessemer Securities Chair and breeder OGDEN PHIPPS(THOROUGHBRED TIMES, 10/25).

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