Mat Ishbia demanding an apology from Stphen Smith for calling him a crappy owner.
You know, I didn't think the NBA would ever find an owner as thin-skinned as James Dolan but here we are.....
What's wild to me here is that I've heard Ishbia speak on professional and business-related issues and he seems like a genuinely smart, reasonable guy. He's also got to be given credit for taking full advantage of the advantages given to him in life to excel. In other words, Ishbia is no dummy.
I guess the moral of this story is that owning a sports franchise is much harder than one may think and that an owner should really let the GM control things for at least a significant period of time.
The only difference between a sports team and any other business you buy is that many sports team buyers think they know the sport/business coming in. Whereas all those same people know what they don't know when they buy some other business.
I don't think that is true, necessarily. One opinion and one fact:
Opinion: I think many billionaires are arrogant people of rather typical business acumen that believe their success is 100% of their doing and their wealth is proof of their business intelligence. Success in building a multi-billion dollar business empire is a big mix of luck (luck in taking the right risks, luck in being in the right place at the right time), connections, business savvy, and at times greed. The success in managing an already existing business empire is probably much more the 1st, 2nd, and third points. I truly don't think billionaires are that much more intelligent than many people you interact with in an average day.
Fact: The difference between a typical multi-billion dollar business and a sports franchise is that it is a zero-sum game in terms of record success. If the goal in other businesses was to build the best widget (in sports - the best team) rather than make the most money, our view of many businesses would be different. In terms of typical business success, there are very few, if any, of the big 4 sports franchises that hasn't been a business success. Even if a team is losing money year to year (which I have a hard time believing that is true of many franchises), they own a rapidly appreciating asset. Nobody has been more poor after having owned a team. As fans, we view franchise success as records and championships, regardless of the billions of dollars these owners are making. In other business, we judges success by stock price, regardless of product/service quality.