"I'm optimistic about our team," added Ballmer. It's not all showtime and movie business. I think there are many folks in LA who identify with this notion of being the underdog, the person who strides. "There's plenty of fans that can be fans of the Clippers and Lakers. The Clippers also committed to a $100 million community benefits package. The Clippers estimate the Intuit Dome will generate roughly $260 million in annual economic activity for Inglewood, including over 7,000 full-time and part-time jobs. The Clippers business operations will relocate to the Intuit Dome, and the team will also house their practice facility in the arena. The Intuit Dome will not host hockey games, so the building has "basketball geometry," meaning it was built specifically to watch basketball games. "We're pioneering the feel of end-zone suites," said Ballmer of the luxury offering. In addition, the Clippers will leverage four courtside cabanas, a concept Ballmer borrowed from the National Football League. The 18,000-seat arena will feature 44,000-square feet of LED lights for its halo-shaped video board, plus technology that allows fans to purchase concessions and automatically be charged without using cash or cards. Premium experiences never hurt, and the Intuit Dome will offer a one-of-a-kind experience in the NBA. Throughout sports, teams are bracing for a new way to leverage their product, especially after pandemic losses. This is a premium building, and our fans aren't going to suffer for that." "They came in thinking of new ways to do things. "They came in with a premium approach," he added. They didn't go in saying, 'Let's build a cheap product because it might sell a higher volume at a lower price.' "They didn't try to design the cheapest phone. "When I think about this product – our new building – in a way, I do liken it to the way Apple thought about the phone," Ballmer said. Succession is a huge part of it, and I left my successor with the infrastructure to go build a cloud business."īallmer's optimism shifted back to Intuit Dome, comparing the arena's construction to the birth of Apple's top product. We got Xbox right, and I got my replacement right. We got our back-end technology right, with servers. "There's a reason why Microsoft is the second most valuable company in the world," Ballmer said. When discussing his time at Microsoft, Ballmer noted the long-term bets made, which positioned the company for its current $2.2 trillion market cap. But, while some will point out that Microsoft missed key tech breakthroughs like the modern smartphone and the search engine, Ballmer did help triple Microsoft's sales during his 14-year run as CEO. We took that to a whole other level at Microsoft."īallmer's history as CEO of Microsoft had mixed results. The person in charge of helping him settle in was Scott Cook, who later co-founded Intuit.Īsked about one of the lessons he learned at P&G that he stills using today as an NBA owner, Ballmer said: "It's good to make consistent long-term bets. Ballmer flashed back to 1977, when he worked at Procter and Gamble. He then laughed when discussing the "weird, small world" and a key relationship that probably helped land the Clippers a record naming rights agreement. "Your energy can feed our team to greater success." Get in the building, pump up, make energy," Ballmer added, clapping his hands. "It's about being optimistic about our fans. "This stadium is about being optimistic about our team," Ballmer said. That deal only enhanced Ballmer's optimism. Intuit, the software company that makes Turbo Tax, will pay the team more than $500 million for a 23-year naming rights slot. The Clippers will get some of that back, though. The Clippers owner also paid the town of Inglewood $66.2 million for the land where Intuit Dome will sit. MSG purchased the Forum for $23.5 million in 2012 and cashed out in 2020, thanks to Ballmer. Ballmer needed to resolve legal issues with MSG, who complained Ballmer's new arena would damage the Forum's income. The Lakers played there from 1967-1999, and the building mainly hosts concerts today. You have to keep your optimism."īallmer was referring to the $400 million in cash he paid Madison Square Garden Company, the previous owner of the Forum. We had to buy the Forum as part of that process. "Putting the land together is quite the circus of legal issues, resolutions. "You have to be optimistic to take on a huge project when you don't start with land," Ballmer said. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |