Skip to main content

Sports Business

Harnessing sports women’s leadership for business

A NEW global mentoring program has been created by EY’s Women Athletes Business Network, in partnership with the International Women’s Forum (IWF). Its aim is to “harness the untapped leadership potential of female athletes after their retirement from sport”.

Elite women athletes, who have transitioned or are in the process of transitioning from a career in sport, will be matched with prominent female business leaders from the IWF membership. EY also recently launched a new online community for female athletes to facilitate connections among current and retired athletes around the world. 

For the duration of the program, mentees will also be connected with an EY liaison that will provide access and introductions to EY’s internal and external global business networks.

Beth Brooke-Marciniak, EY’s global vice-chair for public policy said in this inaugural year, 25 elite athletes will be selected.

Ms Brooke-Marciniak said the program defined ‘elite athletes’ as “having currently or previously competed professionally or semi-professionally or at the national or international level”.

“Female athletes have leadership skills that can't be taught in the classroom,” Ms Brooke-Marciniak said.

“Our research shows that 96 percent of top female executives played sport, with more than half competing at the university level. The world needs more women leaders and we believe that elite female athletes are a unique talent pipeline.

“This new mentoring program is focused on building a bridge between women in the business world and women in sport to help open doors and create new career and leadership opportunities for these extraordinary individuals.”

The partnership gives the Women Athletes Business Network access to IWF’s membership of 6,000 senior women executives in 33 nations on six continents. Their mentor members – women who have reached the pinnacle of leadership in their respective field – will share their insights, lessons and leadership expertise with athlete mentees. 

Deedee Corradini, immediate past president and global ambassador for the International Women’s Forum said,  “For more than 20 years, IWF has lifted the prospects and expanded the reach for emerging women leaders around the world. We are especially excited to join with EY on this new mentoring program to support elite women athletes as they move forward in their leadership journeys. IWF knows the value these women of talent and potential can bring to the world.”

Olympic champion. broadcaster and former president of the Women’s Sports Foundation, Donna de Varona has become the lead advisor to EY’s Women Athletes Business Network and its new mentoring program.

“Connecting accomplished women athletes with the world’s most pre-eminent women outside the sporting community can only enhance the talent pool of those who are eager to lead, inspire and make a positive impact in our changing world,” Ms de Varona said.

The associated online community provides individualised career assessments, resume building tools, networking tips, stories of post-sport career success and a host of other resources.

An example is the recent webcast recording featuring some of the greatest female champions of sport and business, including tennis legend Martina Navratilova, Olympic gold medallist and TV host Summer Sanders, Brazilian Olympic swimmer turned CEO Fabiola Molina, British Olympic champion and DKH Legacy Trust Founder Dame Kelly Holmes, and Newton Investment Management CEO Helena Morrissey.  In the webcast they share their lessons of success and failure on the field and in the workplace.

Female champions webcast

www.ey.com

www.iwforum.org

 

ends

EXTRA: Wests Tigers develop social broadcasting app for fans

EXTRA: WESTS Tigers NRL members and fans are set to gain unprecedented access to the club with a new partnership with social broadcaster XCast.

XCast will become the home of Wests Tigers TV, providing a dedicated 24 hours a day, seven days a week broadcast of all the latest from the NRL team year round.

Australian-developed XCast is pitched as the most advanced social broadcast app in the world, with Wests Tigers TV set to be beamed to members and fans around the world live from the XStudio, which is being built under ‘the iconic Coke sign’ in Sydney. 

The new partnership will see XCast, developed by Moment Media founder and long-time Wests Tigers supporter Ron Creevey, feature on the back of the team’s jerseys for the remainder of 2014 and the following two seasons.

Wests Tigers CEO Grant Mayer said that the partnership will give members and fans more access than ever before to the club.

“Wests Tigers are very excited by what the future holds working alongside Ron Creevey and the XCast team,” said Mr Mayer. “Through the XCast app our members and fans will have unprecedented access to the Club as we broadcast content 24-7.

“The development of XCast is a major investment for Ron and we’re delighted that he’s chosen Wests Tigers to launch it,” he said. “We look forward to taking Wests Tigers supporters inside the team and giving them an insight into what goes into putting a rugby league team on the field each week.”

 Mr Creevy said, “I’m an incredibly passionate Wests Tigers supporter and it’s great to be able to be involved at this level. To see the team have success on the field this year has been exciting, it’s an endorsement of sticking with your side through the good and the bad.

“We’ve seen the exposure of Moment Media continue to grow and look forward to building the XCast brand over the coming years with Wests Tigers,” he said. “It’s an exciting development for Wests Tigers fans, the Club is set to be the first in Australia to have a 24 hours a day, seven days a week, dedicated social broadcast network.”

Wests Tigers TV will broadcast 24-7 on the XCast app, with users receiving special alerts whenever a live broadcast is taking place.

They’ll also be able to watch all content on demand, ensuring they never miss out on the latest news.

www.xcast.com.au

 

ends

POSTED JULY 23, 2014

 

Westadium: New Perth sports precinct revealed

THE transformative Westadium project to develop the new Perth Stadium and Sports Precinct has been unveiled by the winning consortium.

Construction of the stadium will begin at the end of this year and will be completed in time for the start of the 2018 AFL season.

Representatives of Westadium, a consortium led by Brookfield Financial and John Laing, joined West Australian Premier Colin Barnett and Minister for Sport and Recreation, Terry Waldron at the new Perth Stadium site at Burswood on July 17 to explain the winning stadium and precinct design. 

It marked the conclusion of contractual negotiations between Westadium and the WA State Government to design, build, partially finance and maintain the new Perth Stadium and Sports Precinct and the contract will be signed in the coming days.

Westadium spokesperson and Brookfield Multiplex Australasia chief executive John Flecker thanked Premier Barnett and the WA Government for the opportunity to be part of developing what he called “one of the world’s  best multi-purpose  venues”.

The Westadium consortium has combined to provide specialist expertise for each stage of the Stadium’s life. John Laing is the investor and manager for the project.

Brookfield Multiplex is the design and construction contractor, while Brookfield Financial is the financial adviser. Brookfield Johnson Controls is to become the facilities manager for 25 years.

“The Westadium consortium also includes an award winning design team that has combined its unparalleled local knowledge and commitment to Perth with extensive international experience,” Mr Flecker said.

“The team – Cox Architects, Hassell, HKS and Arup – have high profile projects of a similar nature to the new Perth Stadium to their credit, including many of Australia’s and the world’s best known sporting facilities,” he said.

“Past projects include the recent major redevelopment of the Sydney Cricket Ground, Adelaide Oval’s new western stand, USA’s biggest stadium – the 100,000 capacity AT&T Stadium in Texas – and the Beijing 2008 Olympic National Aquatics Centre.

“The new Perth Stadium seating bowl will deliver unrivalled sightlines and a distinctive architectural language in the form of its lightweight fabric roof that gives the impression of hovering over the ground.

“Within the building, concourses will be generously provided with an array of food and beverage concession points, superb restaurants and bars offering stunning city views across the river and into the bowl.

“The extensive incorporation of state of the art IT, LED displays, lighting and signage will facilitate home team colours to the advantage of both players and fans.”

Mr Flecker said the project would create 2600 jobs during the construction phase, delivering $2.5 billion of value to the WA economy.

www.perthstadium.com.au

ends  

POSTED JULY 18, 2014 

 

Sports Advanced Manufacturing Hub launches in Melbourne

AN ATHLETIC approach to developing Australia’s sports manufacturing sector was launched in Melbourne recently by META and the Australian Sports Technologies Network (ASTN). It is named the Sports Advanced Manufacturing Hub.

For a nation with a great record in a wide variety of sports – and a great record in sporting innovation – Australia has garnered a comparatively small slice of the global sports product market. 

While Australia produces and export some of the world’s finest athletes and coaches, and its households consume about $8.2 billion in sports goods and services annually, in 2011-12 sports exports amounted to just $286 million. That is just a tenth of one percent of the global market, according to incubator group ASTN.

The Sports Advanced Manufacturing Hub launched on June 2 at the Melbourne Cricket Ground, has been created to address this imbalance and to take Australia’s sports technologies to the world,

At the launch, AFL legend Kevin Sheedy will explain how collaboration and innovation between the sports and manufacturing sectors is vital if Australian sports technology and sports manufacturing is to realise its potential globally.

Also at the event, leading Australian jockey Craig Williams will tell of the importance of high level sports technology and why Australian innovation has a critical role to play in global development of the sector.

META, chaired by manufacturing industry leader Albert Goller, is a collaborative network of more than 250 high potential manufacturing businesses and researchers.

ASTN chairman, James Demetriou  heads an industry-led national collaborative network of more than 150 SMEs, universities and national sporting organisations set up to provide leadership in the commercialisation of Australian developed sports technologies. 

They are joining forces to develop the sports technology industry in Australia, focussed through the creation of the Sports Advanced Manufacturing Hub.

The Sports Advanced Manufacturing Hub aims to provide stronger connections between high potential sports technology SMEs, manufacturers, researchers and large corporations to support the development, marketing and export of new Australian sports technologies globally.

The Hub is designed to provide growth opportunities for its members, particularly those involved in sports apparel, protective wear, equipment, surfaces and wearable devices. It aims to improve partnership opportunities between Australian manufacturers and the sports industry, and promote Australian sports technology capabilities worldwide.

The Hub will open up a greater understanding of what sports technologies are, the potential for cross industry applications and how they are taking over in a positive way in daily life.

The Sports Technology Hub is believed to be leading the way in three high impact projects involving industry collaboration with researchers.

www.meta.org.au

www.astn.com.au

www.catapultsports.com

ends

 

Darren Morgan hails sponsors for 3rd Top Fuel championship

SUBSCRIBER EXTRA / 

THE BUSINESS of drag racing is probably as hard as the performance sport itself. Darren Morgan should know, because he has just won his third straight Australian Top Fuel drag racing championship – and he has managed to do it from his rural base in Mildura, Victoria, far from the more usual motor racing bases of Sydney, Melbourne and the Gold Coast.

Mr Morgan admits the distance means he has to “drive that extra mile” to engage with his sponsors, but he is always more than prepared to do so, in gratitude for the way they have supported his sport over the years.

In fact, it is this high level of engagement and empathy with his sponsors and business partners that sets Darren Morgan apart, as much as his undoubted high octane, split-second racing skill. It showed in the way he took the title, one race shy of the season finale, but still raced at the next event to delight his sponsors and fans. 

“We are here for our fans, supporters, and our sponsors. And besides there is still a race to win,” grinned Morgan as he climbed into the dragster.

His DMR/American Truck Works dragster took out the Nitro Thunder Top Fuel round at Calder Park and basically secured his third straight ANDRA Championship. All that was required to make it official was to stage the Victorian American Imports dragster in Sydney during qualifying in late November, accept the green light and celebrate.

Mr Morgan could have easily stayed in the pits after the first qualifier to save parts and money, but he was there to win the event and try to double up with two ANDRA gold Christmas Tree trophies.

It is a measure of the DMR team that even though the title was secure, they were prepared to go one better and battle what were some of the season’s most trying conditions.

Saturday saw the temperature climb over 30 degrees “and then on Sunday it was high winds and a lot of dust” Mr Morgan said. On the first qualifying session a mechanical problem hurt the engine early and resulted in a 6.51 elapsed time over the quarter-mile distance.
Headed by crew chief Ben Patterson, the DMR team made the repairs and bounced back in the second session with a clean run in 4.81 seconds at 308mph [495.68 kph]. This moved Morgan from fourth position to third. 

For the final session the Victorian American Imports dragster was looking good in the early increments of the run but the engine suffered some damage around half-track and slowed to a 5.75 at only 157mph.

Mr Patterson believed the car was on a high 4.6 run as the night conditions were the best all day. Morgan finished fifth and had a first round match-up against American Tommy Johnson Jnr.
Eliminations saw one of the biggest Top Fuel fields of the season with eight teams in for round one. Darren Morgan tried hard against his opponent, and while it was a close run, the DMR/Victorian American Imports Top Fuel dragster fell short by .0823 of a second. 

Mr Patterson put it down to wearing out too much clutch “which in turn slowed the car”. 

For Mr Morgan it was more about looking after his supporters and fans at the event.

“Overall it was a successful weekend with another championship win and a successful corporate outing for DMR and the L&H Company – a leading industrial supplier of quality electrical, lighting, heating and cooling, and ventilation components,” he said.

“I’m very thankful to my hard working crew. I know how hard they work and I am especially proud to be working on the car alongside my 17-year-old son, Will. 

“We didn’t have a lot of time between Melbourne and Sydney rounds so I’m thankful for the teams time and dedication.”

Plus, DMR wanted to thank his sponsors and supporters in person at the final event of 2013.

“Having L&H and 100 corporate guests was a huge undertaking,” Mr Morgan said. “It was all about them on Saturday.

“They put their toes in the water at the Nitro Champs back in May and at the Nationals we gave them the full ANDRA Championship drag racing experience. It was up close and personal, and judging from the smiles I saw, I’d say they really enjoyed themselves too. 

This makes it three consecutive Top Fuel Championship for DMR (2011, 2012 and 2013) and a fourth overall for Darren Morgan as a driver. DMR won four of the 11 championship rounds, two runner-ups and two top qualifiers.

Mr Morgan thanked John Bakker and his team, at Victorian American Imports, for their continued support of DMR and for understanding how the team worked, doing most of its testing at race meetings for financial reasons.

Darren Morgan said he was once told he would never succeed in Top Fuel because of his country location – which only him more determined to succeed and win – and with three in a row under his belt now, other drag racers wonder what they are feeding the men and women who build and race the mighty machines of Mildura.

www.darrenmorgan.com.au

www.andra.com.au

 ENDS

POSTED MAY 2014

Captions:

 

Darren Morgan and the ANDRA Top Fuel winning DMR Victorian American Imports dragster.

 

Darren Morgan’s DMR team also enjoyed a humorous aside last season when they provided the machinery and drag racing sets for the Australian comedy series, Upper Middle Bogan, starring Glenn Robbins.

 

ends


extras:
 
Morgan was quoted in the Sunraysia Daily when asked to assess the season, “We seem to be getting better and better. We don’t test like some of the big teams do because we don’t have the finances, we have to test at the race meetings”.
 
Morgan concluded by saying that winning the championship for 2013 was made even more special knowing it was ANDRA’s 40th year of drag racing in Australia.
 
Special thanks to John Bakker and his team, at Victorian American Imports for their continued support of DMR.
 
DMR was backed last year by Victorian American Imports, American Truckworks, Permatex, K Trans WA, Shannons Insurance, Timken, Cabac, Lovells, Castrol, Champion, Disc Brakes Australia, Speedmaster, White International, Stahlwille, Simple Green, CRC, Crow Cams, Fusion, Pavtek, Torque Calibration, Hedman Headers, Rocket Industries, Aeroflow, PPG, Elgas, Super Mini Booster, Garner Transport, GTS Transport, The Brakeman, Performance Diff Services, Replay XD, Lawrence & Hanson, Tiger Light, CRD Engineering, Airmaster, Clevite and Kingpins Custom Paint.

 

 


The pinnacle of drag racing success is winning a championship. In the case of Morgan he can hold his head high knowing he has done that – not once, but four times in his career.
 

 .
 .
 

  
The first outing of the 2014 ANDRA Top Fuel Championship fires up in Perth and will feature round one and two on January 10 and 11.
 
For more info: find and like Darren Morgan on Facebook
 and check out www.darrenmorgan.com.au for news, photo gallery and more.
 
Top Fuel                                                                  Total
Darren Morgan                                                                                805
Phil Lamattina                                                                                 755
Steve Read                                                                                     421
Damien Harris                                                                                 387
Tommy Johnson Jr                                                                         197
Mark Sheehan                                                                                184
Allan Dobson                                                                                  182
Terry Sainty                                                                                     171
John Lamattina                                                                               154
Phil Read                                                                                         131
Luke Shepherd                                                                                 87
Martin Stamatis                                                                                83
Larry Dixon                                                                                       72

 

Penrith Panthers tops Brand Finance most valuable Aussie sports brand

SUBSCRIBER EXTRA / 

PENRITH Panthers has taken the number one spot, with a brand value of $46.2 million in the 2013 Top 20 Most Valuable Australian Sports Brands research conducted by Brand Finance. Surprisingly, even though it had the top value, Penrith Panthers only had a brand rating of AA- which actually made it one of the weaker rating brands in the Top 20.

According to Brand Finance Australia director Richard Haigh, “Branding is important to sports teams because it validates their ability to generate value both on and off the field.

“This is particularly true amongst Aussie Rules brands which excite incredible brand loyalty but even they were pipped by the Penrith Panthers.” 

The Panthers Group businesses have closely associated the brand successfully with the elite rugby league team to create a strong business, Mr Haigh said, which has resulted in the high valuation by the co-ordinators of the research, Landor Associates.

There are six NRL teams in the Top 20 Most Valuable Australian Sports Brands. The Sydney Roosters currently have the highest brand rating overall of AAA-.

An indication of the role performance plays in the brand values has been illustrated by coach Tim Sheens’ Kangaroos, who convincingly won the 2013 Rugby League World Cup final against New Zealand in the UK.

Mr Haigh said with Jonathan Thurston winning man of the match and team mate Billy Slater the Golden Boot award, their respective clubs North Queensland Toyota Cowboys and Melbourne Storm would be already leveraging the Thurston and Slater successes to attract further members and support from fans.

The AFL is moving ahead in terms of total Brand Value, said Mr Haigh, accounting for 14 teams with a total brand value of $334 million. This is more than double the value of NRL teams in the Top 20 whose combined brand value totals $151 million.

The key finding from the brand equity research conducted by Landor was that the AFL teams have greater brand equity except for the NRL’s Brisbane Broncos, which has the greatest brand equity of any team.

The study also showed that 27 percent of respondents interact with AFL more than once a week compared with only 21 percent for NRL.

The research also showed the Collingwood Magpies possessed the most valuable AFL brand, rating second in the overall Top 20, with a brand value of $39.1 million after a financially successful year. The Magpies also received a AAA brand rating, the highest rating in the table thanks to a loyal fan base and strong performances on the field.

In terms of overall Brand Strength, the online research by the Sydney office of Landor Associates determined Brisbane Broncos topped the ranking across all codes.

The Essendon Bombers brand rating has suffered this year dropping from potentially a AAA- to a AA+ since the investigation by ASADA. The fall caused overall brand value to drop around five percent to $24 million. The impact could have been more severe but sponsors and fans have remained loyal. The Landor report suggested moving into a new state of the art training facility could see Essendon bounce back for the 2014 season.

Although other teams from Australian Rugby Union, A-League and Big Bash were included in the research, only AFL and NRL teams turned out to be valuable enough to be featured in the Top 20 Most Valuable Australian Sports Brands.

Landor Australia managing director, Dominic Walsh said, “There’s no doubt that the AFL goes deeper in the Australian psyche than NRL – this goes back to its unique Australian heritage.”

For the research, the Australian public ranked each team across four pillars of: knowledge, relevance, differentiation and esteem.

www.landor.com

ENDS

POSTED MARCH 2014.

Sport and recreation: winning gold for Australian economy

SPORT and recreation industries generated $12.8 billion in income and employed around 134,000 Australians in 2011-12, according to the latest Australian Bureau of Statistics (ABS) figures.    

ABS director Andrew Middleton said in addition to providing significant health and social benefits, sport and physical recreation has major economic importance, which is reflected in the latest household expenditure, production and international trade data.

“Australia exported over $358 million in sport and recreation goods in 2012-13, up 26 percent from the previous year,” Mr Middleton said.

“We found that Singapore has become a major destination for exports of Australian sporting goods and services. The value of these exports to Singapore rose from $15.6 million in 2011-12 to $73.4 million in 2012-13.”

Australian households spent more than $8.2 billion on selected sport and recreation products in 2009-10.

This included $4.4 billion spent on sports and recreation services (such as sports facility hire charges and health and fitness studio charges) and $2.9 billion on sports, physical recreation and camping equipment, including swimming pools.

Further details are in Value of Sport, Australia, 2013 (cat. no. 4156.0.55.002) which is available for free download from the ABS website. 

http://www.abs.gov.au/

 

ends