We have a few things that were starting to look at., The owners issued a statement to fans after the seasons final game, saying they were deeply disappointed but promised changes that would lead to a renaissance.. Prab: Over the last decade theres been significant American investment pouring into the Italian soccer market. 08:30 Trieste Verona 85 77 24 12 17 12 16 31 28 22 W 23.04. Lets look into it, said Fitzann Reid. We wouldnt be here if it wasnt for the Wharton EMBA program. Pallacanestro Trieste Free. My Global Business Week experience in Buenos Aires, Argentina helped me see things from a new perspective. He even used to ride SEPTA to South Philly when he played for the Birds (2013-16). The academy system is different than in American basketball, allowing for a pipeline. But this is still a sport, right? Its not your team its the fans team. As for the rest of European basketball, the most notable American owner is former Minnesota Timberwolves president David Kahn, who in 2018 founded the Paris Basketball team, which now plays in the top French league. Connor Barwin was in his basement last month, watching his favorite Italian basketball team on the big screen and hanging on every basket. Richard DeMeo: I got a call from Prab about a potential opportunity with this Italian basketball team. Subscribe to get the week's top stories from The DP and beyond, meticulously curated for parents and alumni, The Institute of Contemporary Art debuts two exhibitions for its fall lineup: When the Children Come Home and Moveables. The former, by David Antonio Cruz, features monumental portraits mapping queer lives and their families; the latter is a collection of work by five artists who rethink functional design. The team, which was founded in 1975, had its best season 30 years ago when it finished in third place. They took a time-out of their busy schedules to explain how the Wharton MBA Program for Executives experience helped with this new business venture. [2], On June 16, 2018, Trieste won the 201718 Serie A2 season after beating Novipi Casale Monferrato at game 3 of league's playoffs, and returned in LBA, the highest-tier of the Italian basketball league system after 14 years of absence. Quaker Nation is the Daily Pennsylvanians weekly sports newsletter that keeps you up-to-date on all things Penn sports. Prof. DiGisi: I teach Sports Management to Wharton undergrads, full-time MBAs, and now EMBA students. If only 22-year-old Michael Jordan could put on a Trieste jersey again. Sport Interview With Richard Johnson: "We Plan to Take Pallacanestro Trieste To The Next Level" January 18, 2023 0 268 Richard Johnson Reading Time: 3 minutes by MK When the news of the Trieste's basketball team being acquired by the American investors broke out last week, everyone was curious to find out who they were. We would like to show you a description here but the site won't allow us. Its easy to say, Were going to start using analytics and theres a lot of low-hanging fruit and were going to find edges. Some of that is true. Recruiters Row is the Daily Pennsylvanians biweekly recruitment newsletter that keeps you up-to-date on all things employment related. Wharton Cohort:San Francisco That just doesnt happen. Prior Education:BS, History, University of Cincinnati. delivered directly to your inbox. While Barwin was hoping to attend the game against Milano, his trip to Trieste will have to wait because the Eagles advanced to the Super Bowl. Parks are cleaner, playgrounds are safer and musical tastes are refined because of Barwins work. Have top stories from The Daily Pennsylvanian delivered to your inbox every day, Monday through Friday, when Penn classes are in session. Viewership is increasing in the LBA, Milan is selling out stadiums, and EuroLeague is more popular than ever. Pallacanestro Trieste (Photo from Penn Today).jpg If I would have known that there was this opportunity over in Europe Barwin said. The next season saw the team reaching the Italian Cup final. They are focusing on establishing operational excellence, fiscal discipline, and new revenue streams. 104 talking about this. Theyve got good fans, a good arena and people who love basketball.. Kit Supplier: Adidas / Sponsor: Allianz Players Current roster Note: Flags indicate national team eligibility at FIBA -sanctioned events. Barwin grew up outside Detroit, went to college in Cincinnati Jason Kelce was among his teammates and spent his first four NFL seasons in Houston. It was difficult to disprove the business case. Gianni Petrucci, the president of the Italian basketball federation, welcomed the foreign investment. They play in the Lega Basket Serie A (LBA) since the 2018-19 season. Connor and Johns professional sports industry experience really bolstered our credibility, as well. WEMBA does that to you; it helps you think big and gives you the tools to achieve what you previously thought you couldnt do. They both need to be handled with care and valued. Record: 15-11 Overall ( Schedule and Results ) On this page: Per Game. He produced last years hit Christmas album featuring Eagles players that raised more than $1 million for charity and he works for the team that defines the city. Based in:London, UK Richard de Meo has an ability to see things at a high level and spends a lot of time working on strategy and vision. Its really hard to play in the NBA, and there are a lot of great players that are playing around the world.. It felt like the stars were aligning, and thats really where it started. The business and operations are undergoing modernization. His degree from Wharton one of the citys educational pillars only deepens that bond. Some of his hoops teammates followed their college careers by turning pro in Europe, providing Barwin with an understanding of how it worked overseas. News, Former Herd Guard Jon Elmore Signs with Pallacanestro Trieste American soldiers helped cultivate the citys passion for basketball during those years. The course gave us a high-level understanding of the organizational structure of sports leagues, revenue streams, licensing, sponsorship, emerging leagues its a complicated business, and now I know the jargon. Currently:General Counsel, Evergent, Inc. (Soccer) has gotten very expensive. This course reaffirmed to me how powerful sports are and gave me confidence in the potential of this team. Fitzann (Fitz) Reid on LinkedIn: PALLACANESTRO TRIESTE: IL GRUPPO Everything we learned in that class in terms of the European sports industry helped us make the decision to move forward with Pallacanestro Trieste. There was little the new owners could do but watch and stress as the team tried to avoid relegation by not finishing the season as one of the leagues three worst teams. Theyre just done playing, Barwin said. Trieste has six American players on its roster and currently sits eighth in the 16-team Lega Basket Serie A (LBA). The 2020-21 season is Pallacanestro Trieste's 47th in existence and the club's 4th consecutive season in the top tier Italian basketball. Once I got to college, I was pretty good. They had talked in class about one day owning a team. Its a global effort. (Elsa / Getty Images), The Pallacanestro Trieste basketball club was founded in 1975. Get our newsletter, The Daily Pennsylvanian, delivered to your inbox every weekday morning. , where we learned about operating businesses in unstable markets. Its a global effort. Everything is working. Eight Premier League soccer clubs have North American owners, as do six of Italys top 20 clubs, per the Associated Press. To transform the sport through their business acumen and dedication. The Eagles had a job waiting for him soon after he retired from the NFL in 2019, and he has been a member of the front office ever since. We didnt want to be the American owners that come in and knew better and started to implement changes without understanding first what theyve done in the past, De Meo said. He previously covered the New York Giants for the Newark Star-Ledger and the University of Virginia/Virginia Tech for The Washington Post, and was a contributor for The New York Times. And I dont think theres many things out there that sort of bring people together and make you feel the emotions that sports do.. I think playing in Philadelphia might have been the best thing to prepare me for this opportunity, said Barwin, who grew up in Detroit as the son of a city manager. Pallacanestro Trieste's 17-point lead at halftime soon became a one-point deficit before they rallied and escaped with an eight-point victory. PALLACANESTRO TRIESTE - Apps on Google Play The timing was fortunate because I was about to go to Italy for a summer holiday. Barwin has connected with NBA scouts and executives who think that way. 500+ Downloads Everyone info About this app arrow_forward With the new BASKETBALL TRIESTE app you can interact with us and skip the queue at the bar, stay informed on matches and team news. Pallacanestro Trieste live scores & schedule | Sofascore According to Sekhon, CSG is also interested in accumulating sports teams in Europe and North America. Players may hold other non-FIBA nationality not displayed. Wharton Cohort:San Francisco You are just the steward of that team. Richard Johnson: I walked away from Robs class with a solid understanding of how the sports industry works. Richard De Meo, WG23 De Meo mentioned opportunities with artificial intelligence. He woke us up to that before we bought the team. I didnt know exactly how and I still dont know exactly how but I love sports, I love the way it brings people together, I love the people that Ive gotten to know and work with. If a team loses a regular-season game, grown men are crying. Richard DeMeo: What we learned in Robs course helped us with our due diligence. LBA is the highest level of basketball in Italy. The new owners want to incorporate data analytics, and the Wharton network has already been a resource. This is a buy and improve and improve and improve.. It wont be easy a loss last week in the seasons final game ultimately dropped Trieste next season to Italys second tier but CSG is in it for the long haul. Subscribe to get the week's top stories from The DP and beyond, meticulously curated for parents and alumni, We saw a team with a storied history and untapped potential in a unique and affluent part of Italy. Barwin considers hiring the general manager and the coach as the most important responsibilities for an owner, and he utilized the philosophies he learned while working in the Eagles front office during the search. Have top stories from The Daily Pennsylvanian delivered to your inbox every day, Monday through Friday, when Penn classes are in session. Deputy General Counsel I Wharton MBA I Former SEC Senior Counsel I Co-Founder 4d Report this post . Right now, were all working together to make the team more accessible and attractive to younger generations. Pallacanestro Trieste - Wikiwand Elmore is the all-time leader in points, assists and made three-pointers in both Conference USA and program history. The new owners thesis, according to Barwin, was that European basketball is probably close to where European football was 20 years ago., The fans have been there a long time, and theres a rich history of this team, he said. He meets with his ownership group at least once a week. You walk down the street, people are wearing red and white, said Fitzann Reid, a co-owner and finance lawyer. After the 2003-04 season, the club went bankrupt and was relegated to the lower divisions. Arcieri worked for four NBA franchises before becoming the general manager at Varese and winning the Italian top leagues equivalent of the executive of the year award. I knew that playing was going to end and I wanted to stay involved, Barwin said. Trieste is a stunning city in the northeast corner of Italy, bordering Slovenia. We look at this the same way. Wharton Club Moderator:Paolo G. Alberoni,Co-Founder and Partner at OutsideView Capital Partnersin Milano. 14-16 in Lega Basket Serie A UnipolSai. Can you tell us more about Whartons Sports Management course? Theres nothing like it, said Barwin, who now works for the Eagles as the teams director of player development. Barwin hopes there eventually will be a new arena. We are just stewards for this team and if we dont show our value to the fans and the players and people that work in that stadium then somebody will replace us. Its no surprise that Wharton MBA Program for Executives students and alumni often end up working together. The week's top stories from the DP and beyond, meticulously curated for parents and alumni, and delivered What starts as a lunchtime conversation between classmates could easily lead to the development of a new company, business partnership, or investment. Advertisement. He spent seven seasons as the Eagles beat writer for The Philadelphia Inquirer and wrote the 2018 book, "UNDERDOGS: The Philadelphia Eagles' Emotional Road to Super Bowl Victory." I think thats what were going to do and then sort of step back and let leadership run the team.. In 1985, as part of a Nike-sponsored trip to Europe, Michael Jordan ended up in the seaside Italian city of Trieste. Nearly all Italian basketball teams are owned by Italians, making CSGs owners aware that they would immediately be deemed as outsiders. Sports have been integral to my family fabric: weve had three generations of international athletes and I was fortunate to compete on the Canadian national karate team for four years. They have great players. Trieste has historic ties to the United States, going back to when the city was part of the Free Territory of Trieste in the aftermath of World War II and was controlled as an independent state by British and American forces due to its strategic importance straddling the border between Italy and Yugoslavia. The ownership group wants to inject analytics and data something CSG says is much less prevalent in Italian basketball than it is in American sports and modernize the teams approach to roster construction. Im so happy to be done but so thankful. Professor Rob DiGisi is the Founder and President of Iron Horse Marketing, a boutique consultancy focused on the convergence of sports marketing and new venture development. We think were ahead of the next trend, which will be European basketball, said Connor Barwin, a former Eagles linebacker who is now the teams director of player development. Michele Ruzzier (born February 9, 1993) is an Italian professional basketball player for Pallacanestro Trieste of the Italian Lega Basket Serie A (LBA). We were very focused on spreadsheets, numbers, negotiations, and building a business strategy. The location is really important, Barwin said, adding that his group is in for the long haul: This is not a buy and sell. The group wants to attract more fans Even the Eagles want more fans, Barwin said but it at least has a base to work with. It was probably one of the hardest things Ive ever done in my life but also one of the most rewarding things Ive ever done, said Barwin, who graduates on Saturday from the two-year program. Were very active in this transition period, and we want to engage with the fans, coaches, and players as we ride with them to the top of the league. Its about two hours from Venice, and because its so far away its become known as Italys forgotten gem. Being able to go there in person, tour the stadium, and connect face-to-face with the team was a huge bonus. Teaming Up: How and Why Students in Whartons MBA Program for Executives Purchased A Basketball Team, Its no surprise that Wharton MBA Program for Executives students and alumni often end up working together. Trieste is an interesting region: basketball is more popular than soccer. Follow Zach on Twitter @ZBerm, Connor Barwin racked up a career-high 14 1/2 sacks with the Eagles in 2014. The power of the alumni network is real, de Meo said. Cotogna Sports Group, an investment group founded by six Wharton MBA students, recently purchased the professional Italian basketball team Pallacanestro Trieste. We went out there and met the fan group. The group, which is called Cotogna Sports Group, aims to build the nearly 50-year-old club into a European power. Barwin and five Penn classmates all of whom graduated this month from the Wharton Schools MBA program for executives pooled $5 million together in January to purchase 90% of Pallacanestro Trieste. from the Philadelphia cohort because of his expert sports industry knowledge. into your inbox every Sunday morning. The courses gave us common ground and established a shared interest, de Meo told The Daily Pennsylvanian. I dont take that for granted. The biggest value has been the people you meet and the connections you make to build the right team to achieve your goal.. Wharton MBA students purchase professional basketball team in Italy This is a prime example of how students in the Wharton MBA Program for Executives connect across coasts and cohorts. Connor and Johns professional sports industry experience really bolstered our credibility, as well. Ill admit I was hesitant about Pallacanestro Trieste at first because Im deep into sports and know how complicated it can be to acquire a team. The Allianz Dome serves as the club's home arena. Ive been an avid sports fan all my life. My dad played professional soccer in Jamaica, so I grew up surrounded by a passion for the sport. Pallacanestro Trieste is the first of many for us. We really feel a significant debt to the broader Penn community, de Meo said. The course improved my ability to negotiate by giving me a toolbox full of negotiation tactics. Wharton Cohort:Philadelphia De Meo, the founder and CEO of London-based financial service firm Foenix Partners, said that none of the members knew each other before starting at Wharton. The common thread with our group is that sports are meaningful to us in some way on a deeper level. Halfway through our second semester, Richard Johnson and I were talking about sports and the conversation evolved into the prospect of moving into sports acquisitions maybe 10 or 20 years down the road. The 2019-20 season is Pallacanestro Trieste's 45th in existence and the club's 2nd consecutive season in the top flight of Italian basketball. [1] He has also represented the Italian national team. He was sort of the fan whisperer, in some ways.. Contatti .parlare a Trieste di basket un esigenza. Our group of friends would always talk about how our dream was to own a professional sports team, but we never thought it would happen so quickly. And if you can galvanize a community and a team and do it all in Italy, you can definitely go do it in the NBA.. Viewership is increasing in the LBA, Milan is selling out stadiums, and EuroLeague is more popular than ever. The 36-year-old Barwin has immersed himself in Philadelphia. WELCOME JAMION CHRISTIAN Jamion Christian il nuovo allenatore della Pallacanestro Trieste . Prior Education:BSc, Mechanical Engineering, University of Calgary, MEng, Petroleum Engineering, Texas A&M University, Richard Johnson, WG23 Free. Barwin was a standout basketball player at his Detroit high school and walked onto the basketball team in college even though he was at Cincinnati to play football. Pallacanestro Trieste 2004 is an Italian professional basketball club based in Trieste. "Penn, Unbuttoned" is Penn's only intentionally satirical newsletter, giving you your weekly dose of comedy from Under the Button. A month after the course ended, Rob pinged us and said he knew of a contact in Trieste, Italy looking to sell their LBA team. These kids are going crazy. The ownership group is operating with a long runway, which is why the threat of relegation, which occurred after it bought the club but before it could make many material changes, was viewed as more of an obstacle than a deterrent. The Daily Pennsylvanian is a student-run nonprofit. Basketball is of growing interest in Europe, and viewership is going up. When you look at the analytics, you see a massive increase in NBA Season Pass Europe over the last five years. I know I have 30 more years of trying to add value, make the world better, and do things to help people. relegated Playoff team (*); League champion = bold; LBA Seasons Table; Regular Season Playoffs Season Lg G W L W/L% G W L W/L% Champ; Allianz Pallacanestro Trieste: 2022-23: LBA it: 30: 11: 19.367: Allianz Pallacanestro Trieste: 2021-22: LBA it: 30: 14: 16.467: Allianz Pallacanestro Trieste: 2020-21: Representing Italy. What we learned in Robs course helped us with our due diligence. Serie A2 team #REBIRTH Pallacanestro Trieste | Trieste Barwin and five Wharton School classmates bought the team in January. Prab: Most of us took Professor Rob DiGisis Sports Management course in the second year of the program. Fitz Reid: My dad played professional soccer in Jamaica, so I grew up surrounded by a passion for the sport. The WEMBA students are juggling a lot. Ive been an avid sports fan all my life. The second-to-last finish hasnt soured CSG as it is already looking to buy more sports teams, including some lower-tier Italian soccer clubs. Before his NFL career, which included a Pro Bowl berth and second-team All-Pro honors with the Eagles in 2014, Barwin played college basketball in the Big East when the conference produced eight NCAA Tournament bids during a year when it was an eight-bid conference.
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