But usually, The Run comprises a core group of 15 to 20 players who range from 16 to 58 years old. I've known him from a rookie to where he is now and Khris obviously. You know I got my sources. Peter: Yeah, what really worked for me is I think I was just insatiably curious. Unfortunately, I probably haven't changed mentally or emotionally since we met, but she's my teammate. Alex Woodhouse "I thought I'd hit the jackpot," Feigin said. Sometimes there's a house on fire and you got to focus on putting out that fire, no question. I've known Jon for, I don't know, 13, 14 years, and to see what he's done with the team as the general manager has been really impressive. Team president Peter Feigin and his wife each contributed $2,900, while Feigin's brother Daniel contributed $600. Number one, obviously, because like you said, its rare air, but youre learning on the job. Now youve been to the top of the mountain. Thats for every aspect of it. John: I dont want to skip over that. When I was looking at the website, I was like, man, I cant wait to taste that chicken. And probably about 15 years ago, Mark Lazari was looking to explore buying teams and they were in a parent conference, and my brother just said to him, Hey, my twin brothers over at Madison Square Garden he runs the marketing there he understands the P&L you probably get a kick out of him coming with you and giving you an opinion on what that was. Make a long story short, we probably spent the next 10 years having the most incredible adventures of going to do due diligence on teams that he was prospecting to buy. I didn't need to do anything. "I have a 14-year-old boy who can basically tell me every single player in the NBA, as well as G-League, what Europeans are playing all through NBA 2K," Feigin says. "Very simply, we went into the market and said, 'We're going to build this market. "We have a. What are the balances of management, of coaching of anything else? John: This must be one of the greatest rides of her life seeing you do this whole journey, huh? Thomas F. Leonard . Peter Feigin: I think we have a good structure with Jon Horst, who's really our GM and kind of really runs the basketball day-to-day. Michael Red: I know the whole organization showed a ton of grit from ownership to yourself, to management and players, even losing the Democratic National Convention last year. Make this the best operation, the best facilities and the best place to be, because we're going to go compete with everybody to win a championship. Peter: Hes was in consumer products. The players, nobody has the awareness that, most of our players are between 20 and 30 years old and it's like for the rest of the world, it's like the most developmental time. His company, Fortress Investment Group, also owns the eSports team FlyQuest. Michael Red: Were you always a risk taker or was that cultivated in your household or where did that risk taking ability come from? Youre going to actually have to be a decent person and not be toxic. Our owners, when you talk about, our active operating board of governors, youve got guys like Mark Lazari who kind of in avenue capital and ran the distressed debt world. Not only do you have to have the best facilities, the best resources, no reason for anybody to say, What want to be, you got to be good people. Alex Woodhouse, 34, a photographer and musician who was a three-year starter at Colgate, joined the game in his mid-20s at the urging of a friend. John Shegerian: This edition of the Impact podcast is brought to you by ERI. John: Right. Its really important and youve got to take a real responsibility. Last Wednesday, Milwaukee Bucks president Peter Feigin told the Rotary Club of Madison that Milwaukee is "the most segregated, racist place I've ever experienced in my life." The full quote,. I talk about it all the time with my wife, with my brother, with everything. I really think its kind of a cycle of selflessness and kind of best practices. And more importantly, kind of like building such a strong infrastructure with other people. Talk about the special, the specialness of how you were involved with designing the championship ring, because theres a lot of thought that you guys put into that ring. Who negotiated in 2018 for the only NFL player to invest and buy 1% of the Bucks, Aaron Rodgers, being Aaron Rodgers, whose genius was that? In September 2013, then-deputy commissioner Adam Silver announced that Bradley Center, the team's home since 1988, was unfit for an NBA team. Talk about the steps leading up to pulling off, living the dream, actually winning the championship. John: You grew up on the Upper East Side, you are a native New Yorker, your brothers still back there. How do we make this more than equal?" Peter: Yeah. I'm so proud for his development. Its been talked about the whole Giannis effect. Peter: Married. He's also been quoted as saying he wants to play for the Bucks "forever" and he does not know if he could be "the same player" in a "flashy city." It was like kind of so much fun and learning so much and kind of being on teams with really diverse people all around the league and around different teams. Giannis was like, Ill make this simple, its got to be bigger than that Lakers ring it might be, and its got to be cool. We wanted like a really cool clean design. Back when the Feigins (now teenage) sons were much younger, Lasry suspected that Peter or Dan would give them a secret signal to scamper onto the floor if their team was losing. And it's kind of as an adult got me to a place where I desperately want our youth to get exposed to things they wouldn't normally get exposed to because that's how they learn what's out there. Very little sympathy or empathy for pro athletes because of what they get paid. Here is your example of everything you read everything you hear, everything he does is true. John: Its fascinating you say that. He said it. Youve got Wes Edens who has probably started up dozens of companies in private equity and has an unbelievable kind of entrepreneurial spirit. Since 3-pointers are worth 2 points and 2-pointers are only worth 1, there is a strong premium on outside shooting. We sponsored Brook, the Lopez twins and you have Brook on your team, another great kid. Now, the lockdown has forced some of The Runs longstanding members to confront their athletic mortality. And you do it, for us, kind of my job was to be that rock and support and think about if you told me that 50% of my time would be spent on making sure everybody is okay. He captained. It would be fun to own a hundred McDonalds franchises and you guys would be great at that. This is a human business. Feigin's first task was evident right away. And with that, Feigin became the business brains behind a team about to set NBA standards in architecture, basketball operations and technology -- only he didn't know it. Antetokounmpo, now in his fifth NBA season, has become a basketball and cultural phenomenon. I thought Id hit the jackpot, Feigin said. Im so proud and honored to have this conversation with you today, and thank you for your generosity of your time. That sounds like a little piece, but that's a big piece in the world. I love our chances this year, sincerely. My mother was one of the preeminent ad executives from Grey Advertising for 40 years. He wanted to keep the team, which was a big catalyst for the whole movement.". Peter: The same he is, everywhere else. Malcolm D. Lee, who is directing Space Jam 2, which stars LeBron James, is one of the regulars in The Run. The good news is it's pretty small shop. That was one of these monumental, incredible, awesome times to get it done. Peter Feigin: Yeah, I don't know if it's still risk. I better go home and talk to Natalia to do it. When Carter Pewterschmidt stops by in "Fresh Heir" to announce that he has made Chris Griffin the sole heir to the Pewterschmidt fortune, the family hears a crash. And that, small short less than a year instance kind of just opened my eyes to like, "Oh, my God. He really taught me the lesson late in life is the real geniuses or the ones who can take these complex things and talk to me about them and I understand them. Feigin would not be able to make his global pitch without his star. I also listen, I thought, and my parents thought both my brother and I were as you can imagine before ADD was actually diagnosed, Peter: for kids our age and stuff, because its still be on impulsive, relentless, like, [inaudible]. Thats just my view, Lasry said. There was a collective effort on you guys to really, really embrace the city. Antetokounmpo signed a four-year, $100 million extension in September 2016 (right before his first All-Star season) that will keep him under contract in Milwaukee through 2020-21. Peter Feigin, president of the Milwaukee Bucks in Wisconsin, was interviewed by a reporter from NBC affiliate TMJ4 News in his car outside of the team's Fiserv Forum after the Bucks were confirmed . Like the Kees, you're going to hopefully be doing something you love with people you love and working your butt off, but there are expectations. This is a small town, even though it's a big city. Maybe I'm biased, but knowing you and seeing what you've done with the Bucks. You talk about advantages, just the osmosis at our dinner table was I knew in two seconds like I wanted to be in business. They just happen to be huge group buys of 200-300 people with Greek flags behind the visiting bench. That was my dream of dreams when I was a kid: Oh, my God. John: Thats awesome. (There are perks to being commissioner.) Do you want to like, figure out what the handles are and become aThere are lots of opportunities in that realm, which I think are immediate. So, then you start thinking about really building a district in a small city within a city. We had weekly calls. We've got Peter Feigin. Peter Feigin: Hey, John thanks for having me. Malcolm D. Lee, the director of the Space Jam sequel starring LeBron James, and Christopher dAmboise, a former principal dancer with the New York City Ballet, are two of the games founding fathers. And this is how cities evolve. There's no right equation. His is a story of grit, will, and great humor. So, I'm, as you know, extremely excitable and just want to kind of attack it and love the challenge. How do you get people who care? I mean, nobody understands like players have a handful of days off the entire season. So, that was my one get back to kind of surprise him because I think there were a few spies that were taking pictures of every time I parked in that spot for a second. Michael Red: Hey, everybody, this is Michael Red and welcome to the Betting on Yourself Podcast, where I interview successful entrepreneurs, athletes, and other top performers who rose to the top, took success into their own hands and bet on themselves. John: Talk about and want you to share a couple of thoughts about Warren Buffett and that whole deal. Weve got Peter Feigin. Absolutely. Peter: Yeah, I will just tell you that was one of the most fun dreamlike things for us ever. Where does your ring sit? So, you take away every form of a 20- to 30-year-old's life outside of basketball, you take away their family in a big way and by the way, then you isolate them, in basically like a stay at home kind of mode in the middle of a pandemic and really like social justice, kind of uprising while they're locked into a bubble. Peter: heres the market. Michael Red: So, the league, obviously, is halted with COVID and then in the middle of all of that, you have the George Floyd issue. Peter: Well, my dad was at Brooklynite so we were Mets and Jets. We hired an unbelievable CFO. As Feigin hones the Bucks' in-arena and digital strategy, The Giannis Effect is the guide. We built an infrastructure, to our owners' credit on, they made it really simple. But no matter how skilled the player, new members are included on a probationary basis. Again, under the umbrella of collecting people and really having experience in a big way. Youre physically building an arena, a district, a template for success. He ends up being a generational player like you couldnt, if you were writing a Disney movie, which they have now written and now produced, it would be the fodder for a Disney. It was, like you couldn't even, if you had a thousand scenarios, of what the last year could be for the Milwaukee Bucks and what you're kind of thinking about and dealing with, it's just been a pretty incredible ride and ton of emotion. If you have a partner in life, they'd better be a teammate. Feigin is in charge of divvying up the five-man teams at the start of the session and typically includes himself on the strongest squad. I'm like, "I don't know. We spend a lot of our time really trying to figure out what are the levers to move the revenue. Peter is a native New Yorker. power forward, who lives in Southern California but joins The Run whenever he travels to New York for his job in finance. We have the DNA and the strength and this caliber of championship caliber team to really be attractive to the world. Make this the best operation, the best facilities and the best place to be because we're going to go compete with everybody to win a championship and nobody's going to question how great Milwaukee is." And so, talk about that and your leadership style, generosity and how important it is to give back. I do." Hes very straightforward. Players, for 50 nights a year, land at 1:00 or 2:00 in the morning to get home and kind of do what the time balance is. How does that boat go? I mean, from the local barber shops to the local business leaders, to having owners that are from Wisconsin. John: Hundreds. We got to like we want to use our platform to affect change and change the world. At the backdrop of the luncheon were items invented by African Americans. Just my own exposure was mixed in what are best practices for centralized services. 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