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Andrew Thompson, SailGP Managing Director: ‘Welcome to F1 on Water’ (Ep80)
It’s a different take this week; welcome to Formula 1 on water! SailGP has become one of the fastest growing sports leagues, bringing sailing to the forefront of modern entertainment. The national teams that race identical F50 Catamarans go to some of the world’s most enticing coastal locations in a Grand Prix style format with millions in prize money on the line. The franchises are valued between $50m+ and owners include major PE and finance as well as consortiums of celebrities including Kylian Mbappe, Ryan Reynolds, Hugh Jackman and Anne Hathaway. As Managing Director, Andrew is in charge of the global water show as it continues to develop its product and fan base. But how do you successfully build and establish a new sporting product that delivers both the entertainment factor while proving financially sustainable? We talk about the competitiveness of the modern attention economy; the race is on (literally) to capture that audience and develop a new type of sailing fan. If you haven’t seen what SailGP is about, I highly recommend you take a look. Let’s see what it’s all about. On today’s show we discuss: Building SailGP Into a Global Sport How Larry Ellison and Sir Russell Coutts created a commercially sustainable sailing league from scratch Why SailGP is designed like “Formula One on water” with national teams racing identical high-tech F50 catamarans The governance issues in the America’s Cup that inspired a new model Why centralising boat design, technology, and costs levels the playing field and attracts investors Ownership, Investment & Growth How franchise values have grown from cost-covering investments to $50M+ assets What makes the ideal SailGP owner and why passion for sailing matters The role of celebrity investors like Kylian Mbappé and the importance of authentic involvement The future expansion plan, from Italy and Brazil to potential markets like China, Japan, and Mexico The Business Model & Financial Sustainability How SailGP’s cost cap protects teams while encouraging investment in marketing and fan engagement Breaking even in professional sport: how top teams generate $8–9M in revenue Key revenue streams: sponsorship, branding on boats, hospitality, merchandise, and ticketing Why data sharing between teams improves competition and performance Fans, Media & the Attention Economy How SailGP is attracting younger fans through TikTok and YouTube Why 70% of Auckland event attendees had never been on a sailing boat The league’s broadcast strategy and challenges in monetising media rights Plans for behind-the-scenes content to rival Drive to Survive The long-term vision for 20+ national teams and global fan bases A huge thank you to our amazing partners on the show: RUNNA Whether you’re an existing use or if it’s your first time on the app, use the code below for exclusive access! https://join.runna.com/lKmc/redeem?code=BOSRUNNA
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Mark Devlin, Leyton Orient CEO: ‘Striking the Balance Between Ambition and Financial Sustainability: The Leyton Orient Story' (Ep80)
Mark Devlin is the CEO of Leyton Orient, a team that’s been riding the rollercoaster of English football right on the edge in recent years. From nearly going out of business and dropping into non-league football to bouncing back into League One playoff finals, the fans have been on a ride the few would choose. However, new ownership and big plans to build both on and off the pitch make this London club a hugely exciting football proposition for the next decades. What has this journey looked like from the inside and how is success being built into the fabric of the future? Having been so close to joining the list that no one wants to be near, alongside Bury, now Morecombe and even Sheffield Wednesday, Orient’s struggles are another glaring reminder of the house of cards an owner financing model presents to the Football League. Mark is an experienced CEO, leading Brentford through the early years of their ride to Premier League consistency. His take on what is required to build a club for the community and fan while keeping the finance team happy is what sets the O’s apart, and promises big things for a fanbase juggling the mixed emotions of just being happy to still have a football team alongside a want and expectation to win. On today’s show we discuss: Recovering from Financial Disaster: They story of Leyton Orient's near terminal financial crisis; what happens when a club runs out of money and the owner will no longer cover the losses? Relegation to non-league football and the impact falling through the decisions has on a club. How do you claw yourself out of a situation like this. The stories are often of disaster, but Leyton Orient have more than recovered in the past few years. Are they in a better place now than they were before? The Value of New Ownership: What are the ambitions of new owner David Gandler and why did he decide to buy the club earlier this year? Where does the value lie in modern day football? What areas of the club need to be developed to both elevate the fan experience and make more money to fund the desired growth? What does it take to build a new stadium: from finding a site to financing a project in the hundreds of millions. Why this is an opportunity to build something that stretches beyond football; the value of a multi-sport model. Matching Ambition with Longevity: Finding the balance between financial sustainbility and ambition is the hardest part of modern football ownership/management; what is Orient's plan to chase promotion while ensuring the business is safe? How much does it cost to get promoted? The crazy finances of the Championship laid bare... What did Mark learn from his time in charge of Brentford and applying some of the model they have so successfully been able to implement to reach and thrive and in the Premier League. The ambition is to be a sustainable Championship club, but do they dare to look beyond this? A huge thank you to our amazing partners on the show: RUNNA Whether you’re an existing use or if it’s your first time on the app, use the code below for exclusive access! https://join.runna.com/lKmc/redeem?code=BOSRUNNA
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1:11:04
Peter McCormack, Real Bedford Owner: Can Billionaire Investment Take You From Non-League To The Premier League? (Ep79)
Peter McCormack is the Owner and Chairman of Real Bedford, who play in the 8th tier of English Football. But this is unique for a number of reasons. We always look for the stories that represent a different approach to running sports assets, and building your Premier League ambition around Bitcoin is certainly one of those. Peter is the host of one of if not the biggest Bitcoin podcasts. As you’ll hear his journey to club ownership is as colourful as it is extraordinary; this is someone who has come through some challenging times to get to where he is now. As you’ve just heard in the intro, everyone laughed at him when he laid out the plan for Real Bedford, but with a wealth of both deep pocketed sponsors and investors, most notably the storied Winklevoss twins (of Olympic rowing, Facebook lawsuit, and Gemini fame to many of you I’m sure), this is quickly becoming a team with both the resources and strategy to fly up the pyramid. With a women’s team competing in the third tier and proving equally ambitious, the plan is to build a club fully representing the community, full of opportunity and success. The usual challenges remain: success vs profit, full attendances, wider football governance. But as this is a place where we want to look at how to create sustained value beyond football’s historic and increasingly out of date financial levers, the Real Bedford model is a captivating alternative. Not for everyone, not guaranteed to work, and certainly unorthodox, but a bold attempt to break the wheel. On today’s show we discuss: Buying a Football Club How Peter went from addiction to building a media brand around Bitcoin The inside story of how Peter bought Real Bedford FC with podcast money How he convinced the Winklevoss twins to back a team in the tenth tier Why Real Bedford is run more like a startup than a sports club The brutal financial reality of owning a non-league football team Why so many lower-league clubs are unsustainable Brand, Identity & Culture Why Real Bedford has a clearer identity than most football clubs The value of cult storytelling, local community, and crypto-native branding What clubs get wrong about women’s football and how Real Bedford does it differently How ambition and relentlessness are what drives the project Why does crypto present an opportunity on the financial side of football ownership that traditional approaches miss? Leadership & Legacy What owning a football club taught Peter about management, burnout, and ego Why he’s building a club for his kids, not just for wins How he thinks about failure and what he’d do differently next time "It's not all about winning": Having this approach allows you to recognise success in broader terms, but does it only work at a lower level? A huge thank you to our amazing partners on the show: RUNNA Whether you’re an existing use or if it’s your first time on the app, use the code below for exclusive access! https://join.runna.com/lKmc/redeem?code=BOSRUNNA
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Ryan Bertrand, Fmr Chelsea, Southampton & England: ‘It Didn’t Feel Like the Chelsea I was Brought Up In; The Foundations of Champions League Success' (Ep78)
This week, we’re delighted to welcome Ryan Bertrand to the show, the only man to make his Champions League debut in the final…and of course win it in historic style with Chelsea in 2012. The regulars of you will know a conversation like this is exciting for us both as big Chelsea fans, and the shirts we wore throughout gave the game away anyway. But Ryan isn’t just the player who won that cup, played over 260 Premier League games, and was capped 19 times by England. This is a former athlete with a story to tell that incorporates exploration away from football; interests that fans, the media, even those within the game don’t associate with players. You can do business, learn business, all while playing at the highest level. You can also leverage the power of your network and your unique experiences to add something few others can to businesses outside of the game. This is something we encourage athletes, the ones who are interested off their own back and the ones who may not have understood the possibilities, to do in a world where opportunity can come from multiple sources. Ryan has built businesses, managed people, and carved out a path that now positions him to succeed at scale. What can you learn from him? It’s the balance of the stories we of course are desperate to hear paired with his transition from player to multi-faceted operator. On today’s show we discuss: Football Culture, Clubs & Career Decisions What Ryan learnt from being around legends like Drogba, Lampard, and Ashley Cole? What makes a great dressing room character and why every team needs one What happens when a club loses its “win at all costs” mentality? Why the best Managers are honest with their players and who was the worst manager he played under What really goes on during loan deals, and why he cancelled his own loan? How do directors, signings, and behind-the-scenes agendas shape team selection? Money, Fame & Mistakes What’s the financial trap that catches most young players off guard? Why do so many players go broke despite millionaire contracts? The mistake that almost cost Ryan his England career Why did Ryan get into investing and how’s he helping other players now? What does Ryan think about today’s player brands? Retirement, Identity & Reinvention What’s the real emotional toll of retiring from football? What happens to your identity when you’re no longer “the footballer”? What advice does he give to younger players about career and legacy? Why did Ryan refuse to be defined by punditry or football alone? What would he change about how football prepares players for life after sport? A huge thank you to our amazing partners on the show: RUNNA Whether you’re an existing use or if it’s your first time on the app, use the code below for exclusive access! https://join.runna.com/lKmc/redeem?code=BOSRUNNA
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1:15:16
Guenther Steiner: ‘A Life in F1: Moving On From Haas, Christian Horner’s Sacking, & The Genius of Verstappen' (Ep77)
This week, we’re delighted to welcome the legendary Guenther Steiner to the show. One of the most iconic Team Principal’s to grace the paddock, the personality and energy he brings to the room is not just a show put on for the Drive to Survive cameras. What you have seen on TV is a true account of the man, taking the mickey out of us from the off while delivering such a compelling view on life as a Team Principal and the wider world of F1. Having left Haas at the end of 2023, he seemed relaxed and free from the pressures of day to day management in one of sport’s most high pressure environments. The toll it takes when under such scrutiny without respite is one of the most fascinating aspects of executive management in F1. Christian Horner’s departure from Red Bull last week tees up the conversation focusing on what happens when a leader departs, but also how well prepared organisations are to deal with unexpected circumstances. Guenther’s profile has become a poster for modern F1; someone who the fans didn’t have exposure to thrust into the limelight as a result of a turbo charged media and brand strategy. But he is more than the big smile and humour. This is someone who founded a team from scratch, operated it under extremely difficult circumstances, and gave life to the sport where it was most needed. He does not disappoint. On today’s show we discuss: Running an F1 Team What goes into running an F1 team and why it’s more business than racing The chaos and logistics of travelling with the F1 circus The inside story of how Haas F1 was built from scratch Why the cost cap has improved competition and how it changed the sport as a whole What no one tells you about a team principal leaving: power shifts, media spin, and personal fallout Why Guenther believes being a good team boss is more about managing people than cars The Mediafication of F1 How Drive to Survive changed the sport and how it changed Guenther’s life The shock of becoming globally famous just for doing your job Guenther’s take on the Brad Pitt F1 movie and what Hollywood will never get right about racing Why modern drivers need to master more than just the car; media, messaging, and memes included The hidden costs and benefits of turning Formula 1 into entertainment Why it’s not just Netflix who created a new generation of fans Drivers Why you need two number 1 drivers to compete at the top Who has more power today: the drivers or the teams? How to manage modern drivers; especially their egos, entourages, and online presence The difference between a quick driver and a team player Who would be Guenther’s dream driver lineup (for the memes) A huge thank you to our amazing partners on the show: RUNNA Whether you’re an existing use or if it’s your first time on the app, use the code below for exclusive access! https://join.runna.com/lKmc/redeem?code=BOSRUNNA
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1:07:44