How do you get people who care? "Peter has completely re-imagined the Milwaukee Bucks business operation and grown in sales, ticket revenue, retail and global recognition which is very important," Colbert explained. Anyone can read what you share. Peter Feigin: Yeah, I think it's kind of where is the balance? I think it changes the landscape. Peter: is youve got to have so many opportunities and different variations to really, to really acquire different types of fans. I love our chances this year, sincerely. And if a new player does not endear himself to the group, it tends to reflect poorly on whoever invited him in the first place. Thats for every aspect of it. And claimed, so before I did it again, I changed the two spots by the testing place to instead of handicap, they now say "Employee of the Month" right on the floor. Michael Red: Hey, everybody, this is Michael Red and welcome to the Betting on Yourself Podcast, where I interview successful entrepreneurs, athletes, and other top performers who rose to the top, took success into their own hands and bet on themselves. We thought we were a progressive, pretty forward thinking organization. Does he play defense?. So first of all, the bubble was kind of like so exciting, surreal, and awesome. Before we get talking about all the amazing things youve done in basketball, and just coming off amazing championship. The players, nobody has the awareness that, most of our players are between 20 and 30 years old and it's like for the rest of the world, it's like the most developmental time. John: Like you said, the smartest people could take the most complex issues and just make them simple. John: Your mom was part of the George Lois generation and Jerry Della Femina and then Donny Deutschs father David Deutsch. By the way, part of the culture here and part of the DNA is, before you come in and before you, youve got to want to be involved. The one thing that's been impressive for me, being a part of the family, is seeing how you all embrace the city. Michael Red: So, the league, obviously, is halted with COVID and then in the middle of all of that, you have the George Floyd issue. How do we rethink it? But the best way to talk about is like I'd rather throw the pass than hit the shot. So, people talk about business, it wasn't a slow beat. Let me just throw this out there. Peter Feigin, the president of the Milwaukee Bucks, playing defense. I said, "Man, make sure you represent." Michael Red: And so, through all of the minutiae and all of 2020 and now going into the new season, which we're in now, managing to still focus the organization on winning the championship. Thats a good run. We've gotten through conversations. His is a story of grit, will, and great humor. Peter: it worked in such a great way for me and with a magic wand really evolved into one of the most incredible jobs ever. If you need a shot of good inspiration (and a good laugh), listen to this episode! Im like, we actually, might have a chance to get this done and to make a long story short, and unfortunately my twin brother thinks like I owe him a commission, for. Peter Feigin: This is where I want to be. For our listeners and viewers out there, to find Peter Feigin and the Milwaukee Bucks, you always could go to bucks.com. We dont compete against each other in arena revenue and local media revenue. If I become that guy, I dont need to play anymore. John: Go back over that, what it was called typically whats called web3 now, or something the young people around me tell me its called web 3.0 NFTs, crypto sports gambling. Peter Feigin: So, we saw this as the opportunity of, "Oh my goodness. I've been telling him. You miss falling on the ground, Dan Feigin said. Peter: which I cant even believe it, Id probably have some fun teaching. 2023 ERI. He simplified the commodities business like, oh, I understand it now. Peter is a serious businessman and an hilarious friend. Well the goal on the court is we want to win a championship. Peter: Yeah, so I think its here and I think its all about the customization, right. Is this coming? And kudos to you guys for being cognizant of that. Last year, he was sidelined for several months while he recovered from an eye injury he had sustained in The Run. His is a story of grit, will, and great humor. It all starts with the answer, right? It's truly like a restart. Thank you for coming on the show. And we'll get into the twin in a little bit. They all had the space, they're at Disney, they have all the amenities. And really build sports entertainment and residential and commercial around it and really have an urban development company that is fueled by the strength of a brand of an NBA team. "Very simply, we went into the market and said, 'We're going to build this market. Weve had Giannis invest in the brewers, which is like. John: It looks amazing. That's the way we think about it. You're a true friend, Peter, at least until you drop the parking ticket on me. What advice can you share backwards to the young people out there that want to live your journey or something close to it? Everybody knows you are going to work your butt off if you work here. Like you said at the top of the show, very few human beings even get to be in this position in any professional sports level. John: Right. Theres some great things. My father happened to pass away probably within a couple months and very close with Mark and Wes, who basically at that time said, Well, you now have to really consider this and do this. And at the time, I always say, I was their last hope because of the timing of the acquisition. How do you create a hermetically sealed bubble for people to compete in on a campus and all the thousands of touch points, people, logistics and everything? Ive never seen less arguing in a serious pickup game, said Adam Keefe, a former N.B.A. So that that's been kind of part of my learning is like, "How do we create a system that we're in a much better place six months from now and a much better place 12 months and a much better place three years from now that we've shown change in metrics and results and everything like that. Michael Red: You talked about Coach Bud and the whole team organization, which I think Coach Bud has done a terrific job thus far. I played soccer and basketball, not overly blessed with athleticism. Because are they getting too sophisticated too early in terms of their value enterprise? My wife is like, What are you doing? I dont know what Im doing!. Please talk about the Cluckery because this is so much fun and I wanted you to share your whole, the vision and how this all came about. This is a super special edition. John: Was Sonny Werblin still around, or was that the same? John: Talk about and want you to share a couple of thoughts about Warren Buffett and that whole deal. Peter Feigin: I mean, I'll tell you an interesting story. Its a difference maker, especially now in our labor market. His rise from recruiter's president, handing out parking tickets in the Buck's lot, working for social justice in the epicenter of the global movement, and his unique leadership style. Peter is a native New Yorker. And we want to attract people who want to be in that mode. Michael Red: After knowing you for the last six years, personally, two qualities stand out: Extremely funny and extremely generous. When I was looking at the website, I was like, man, I cant wait to taste that chicken. I think, listen, you could certainly have success with superpower and great skill and everything, but to have peopleYou mentioned at the beginning of the show, how in a small market, do you keep consistency? And there is no magic wand that kind of changes this in six months. He wanted to keep the team, which was a big catalyst for the whole movement.". "It's going to be a blow-away experience beyond expectations for anybody that's been to a pro sporting event in the state of Wisconsin, that's for sure," Feigin says. And I think what happened in this year, in so many ways, was a great splash of ice water thinking like, "Boy, we got a long way to go." And you know what their experience is? Let that person speak. And you do it, for us, kind of my job was to be that rock and support and think about if you told me that 50% of my time would be spent on making sure everybody is okay. But then theres, in this group weve got 300 full-time people and 250 of them are involved in volunteering. Michael Red: If you had to go back to your 16-year-old self, what advice would you give your 16-year-old self? Even though we just opened up a building two years ago, you're starting in a place where we're going to have some attrition and lose some fans and have to build equity back up and get back to basics of like building ticket sales, building everything else. How big a deal it is to renovate downtown, and how big we can become and what a billboard the Milwaukee Bucks should be for Wisconsin around the world. View Peter Feigin's professional profile on LinkedIn. The most meaningful thing that you can never take for granted is we gave about 850 part-time workers rings to get done. Peter holds a bachelor's degree from Franklin and Marshall College and completed the University Of Chicago Booth School Of Business' Financial Executive Program. That was my dream of dreams when I was a kid: Oh, my God. This is probably the best hour of the week. Don't talk to me, don't text me, don't come back unless you give me a pair of All-Star socks. There are follow-up emails if his friends are slow to respond. He's bigger, Giannis is even outside of the country than he is inside of it. But usually, The Run comprises a core group of 15 to 20 players who range from 16 to 58 years old. Its like you think about what the culture of community is. By the way, Aaron is a fanatical basketball fan, and by the way, a regular classic Wisconsin superstar wants to come to a game, pays for his ticket wants to be left to watch the game. Antetokounmpo, now in his fifth NBA season, has become a basketball and cultural phenomenon. He wants to know what the answers are. Then I think as we keep exploring and kind of whats happening with online gambling and whats happening with NFTs and whats happening in the ticketing business, that it all evolves with technology, will be really interesting. Michael Red: I got my sources. Jan 16th, 2016 by Mayor Tom Barrett. Wednesday, June 20 7:00 AM We were literally refining, cared about all the cookies and stories in it and stuff. Because I talked with the Lakers guys, I talked with the Boston guys on what they had, did. President Peter Feigin tells the 'The Claman Countdown' how the Bucks franchise has impacted the local economy Bucks president Peter Feigin said Friday that the team is going to use the. What has it meant to you to bet on yourself? We've got Peter Feigin. I think probably one of the last public-private partnerships that thatll happen, when Troy brought together the city, the county and the state to put together a partnership for a new arena in downtown Milwaukee. And he has represented at the highest level. Last Wednesday, Milwaukee Bucks president Peter Feigin told the Rotary Club of Madison that Milwaukee is "the most segregated, racist place I've ever experienced in my life." The full quote,. Here in a million person city and your ability to affect change, your platform, your ability to really make a difference is so incredible. Peter: But one of the incredible things, alignment we have with myself, John Horst, whos our GM and coach Bud is like, weve got this undercurrent of constant improvement and kind of like never, pleased but never satisfied. Peter Feigin, the president of the Milwaukee Bucks, playing defense. And the Milwaukee Bucks players were the catalyst for that to happen in a big way. And nobody's going to question how great Milwaukee is." It so happens Bucks co-owners Marc Lasry and Wes Edens sent their children to Trevor Day. We had Chris Middleton and Giannis involved in it kind of conceptually, and really fun conversations with Giannis brother Costas had just won for the Lakers the year before. Just go beyond the scoreboard and championships that you guys get to make in your community, that you are proud of, Peter. Feigin can do all the PR he wants, but the most effective pitch to get fans into the new arena is out of his hands. And the task at hand here is like the more successful we are on the court, the more successful we are on the business, the more opportunity we will have to do other things. We built an infrastructure, to our owners' credit on, they made it really simple. And that's kind of the way I think about everything. Really surprised the 15 largest companies aren't following our lead and kind of like, "Where are they?" I have an identical twin brother who's the headmaster of a school in New York City, that all of Wes Edens' and Marc Lasry's kids went to, who were two owners of the Bucks. I volunteered/got myself pushed into the reset committee of the bubble committee on the NBA to do something that's never been done before. Growing up, you used to hang out, go to the garden and you were a Knicks fan or Rangers fan and Yankees or Mets. Although he has made a career of being in high-powered executive positions, he doesn't necessarily dress the part all the time. Yes, we are shiny toy people want to see how you build a project in time and under budget and how youd manage a project. And probably about 15 years ago, Mark Lazari was looking to explore buying teams and they were in a parent conference, and my brother just said to him, Hey, my twin brothers over at Madison Square Garden he runs the marketing there he understands the P&L you probably get a kick out of him coming with you and giving you an opinion on what that was. Make a long story short, we probably spent the next 10 years having the most incredible adventures of going to do due diligence on teams that he was prospecting to buy. : like you think about what the culture of community is. mean! 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