Larry Ellison Is Spending a Fortune to Save American Tennis
bloomberg.com
bloomberg.com
http://www.bloomberg.com/news/articles/2015-06-04/oracle-s-m...
> During a weeklong visit to the stadium and Porcupine Creek, it became clear that on the strength of Indian Wells, Ellison isn’t content with adding a fifth Grand Slam to the pro tour. With help from Mark Hurd, Oracle’s co-CEO and fellow tennis aficionado, he wants to restore tennis to prominence in the U.S., and make the game more profitable globally. “I think we simply have to do something to improve the quality of American tennis,” Ellison says, sounding for a moment like someone determined to end malaria. To do that, he and Hurd are plotting an all-new American tennis tour, and they want to cultivate the next Andre Agassi and Pete Sampras.
> Unlike Ellison, Hurd played tennis throughout his youth. He was good enough to earn a full ride to Baylor and to play No. 1 for the team. Without any prodding at all, Hurd will pull out trophies earned at National Collegiate Athletic Association Division I championships. “You would never have seen one of these,” he says, knowing that I managed to play only Division III tennis. When the Indian Wells tournament is on, Hurd flies down from Oracle’s headquarters to mix business and pleasure. He speaks with customers and takes in the matches. He also plays at Porcupine Creek and can be found showing off his guns in a tank top.
Right the article spent a lot of time being Life Styles of The Rich and Famous but that's the punchline if you want to talk about "saving american tennis" there's not just no money at the bottom, there's negative money. The article mentioned Hurd donating to one college club but if either of them want to save tennis they need to be buying or starting smaller regional tournaments with enough money to keep food on the table for the lower rungs. Or donating to dozens of colleges. Something that gets more players in the bottom. Increasing the payout for one tournament and turning one complex into tennis heaven is useless.
Spiegel has a Steve Jobs painting/poster in his office and is REALLY touchy about it.
Kalanick has a whole "I'm going to squeeze every penny from this industry and call it a disruption" vibe.
Interesting, do you think the same impression migrated to Uber? Do you think they're 'squeez(ing) every penny from the industry'?