Redskins, Raiders Owners Offer Contrasting Business Models
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Profile Examines Snyder's Ties To
Hollywood, Entertainment Interests |
Redskins Owner DAN SNYDER is profiled by the L.A. TIMES' Jim Puzzanghera, who writes under the header “Redskins Owner Snyder Hopes To Score In Hollywood.” Puzzanghera writes Snyder watches his "entertainment properties with nearly the same scrutiny that he gives his quarterbacks." Snyder is involved in producing “The Golden Globes” through Dick Clark Productions, financing actor TOM CRUISE’s production company, and owns chunks of Six Flags Inc. and Johnny Rockets restaurants. He said that Hollywood "wasn’t so different from the smash-mouth world of professional football.” Snyder: “People have the passion to watch sports, to watch entertainment, movies, to go to a concert. Why do you buy tickets to a concert? … Because it’s a passion.” Six Flags CEO MARK SHAPIRO said that the personal relationship Snyder, NVR Inc. Chair DWIGHT SCHAR and he formed with Cruise “helped seal the deal” for them to fund the overhead for Cruise’s production company. Shapiro: “From a business perspective, Tom Cruise is a strong brand. And Dan Snyder believes in investing in strong brands.” Snyder said that he planned to be “extremely acquisitive,” having tapped less than half of the $748M in his RedZone Capital private equity fund, and he indicated that he is considering film projects of his own, “but only if he owns them.” While Snyder has dismissed speculations that he is "trying to emulate" Disney, media analyst HAROLD VOGEL said, “Everyone wants to be the next media mogul. It’s not easy.” Snyder said of the Redskins, “We will win because the effort will be there, and the same thing goes in business” (L.A. TIMES, 8/20).
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Author Calls Davis The Last Example Of
Classic Style Of Sports Ownership |
DAVIS LOVE: In the N.Y. TIMES’ PLAY magazine, Bryan Curtis profiles Raiders Owner AL DAVIS under the header, “Just Live, Baby!” Curtis writes the “first thing you notice about Al Davis is his fragility.” However, Davis is the “last practitioner of a classical style of sports management you might call personality-driven football.” Davis has had no other businesses outside the Raiders and he “pours everything he has” into the club. Raiders CEO AMY TRASK said, “We’re not a club where the owner was in the widget business.” Curtis notes Davis is the team’s “titular head, and will be as long as he’s alive, but the team is no longer a revolutionary force.” The present-day Raiders are the “post-Davis Raiders. A team with its own quirks, coaches and vision, but without the considerable imprint of its owner. ... Davis’s personality-driven football is dead” (PLAY, 8/’07 issue).
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