And the task at hand here is like the more successful we are on the court, the more successful we are on the business, the more opportunity we will have to do other things. And I don't know how many people know this, towards the end of his life, he really kind of did exhibitions, talks, and meetings literally until the day he almost died and traveled the country and the world as really kind of an incredible role model with an incredible story. We had a, if you remember, we had a COVID extended season. We got here and kind of the first job was to look for a site and the second job was to really get public backing to build an arena, to demolish the Bradley Center and build a new arena, which were monumental big things to happen. It found him. Right now, its very hard to figure out and understand where its going, because this is the wild West. Peter: Well, I think its leadership 101, youve got to grasp where you are number one, and this was a very distressed brand company position. I just wanted to get it done and kind of move the needle and kind of. Im addicted now to the operating side of the challenge of constant improvement, and how would you look at an organization and dive in there and really look to re-engineer tweak, and build for revenue growth? "We have a. It was important for us for our players, for our organization, for the city to stand up. He loved you guys and what the conversation is.". Within 45 minutes, we had this unbelievable excitement of, were nuts, why dont we do like take home its big ordering out. Peter: The same he is, everywhere else. I thought Id hit the jackpot, Feigin said. And that's what we try to do. As you get older, its just harder to keep up with everybody., Christopher dAmboise, a former principal dancer, Adam Keefe, a former N.B.A. Above me there are my two children, my son, Tyler, my daughter, Courtney. We're going to build it locally, regionally, nationally and then internationally. Peter Feigin didn't go looking for his job as president of the Milwaukee Bucks. And nobody's going to question how great Milwaukee is." I can come up with a solution, we can figure it out somehow, some way if youve got the right people around you to do it. John: Hey, Peter. With a B? Woodhouse recalled asking him. John: Talk about and want you to share a couple of thoughts about Warren Buffett and that whole deal. Antetokounmpo, now in his fifth NBA season, has become a basketball and cultural phenomenon. You got to be someone that actually that enjoys being here and part of the family culture and part of an organization. Michael Red: It's becoming that and has become that. And then I think on a parallel track, youre really building an infrastructure. It was July. Now, you had private equity partners. For our listeners and viewers out there, to find Peter Feigin and the Milwaukee Bucks, you always could go to bucks.com. I dont know if thats a word, but I would attach myself. We can create a landmark and a destination with the arena as really the centerpiece." The people part is always tough. Michael Red: Peter Feigin. This is why you go to Parents' Night, folks. Like you said at the top of the show, very few human beings even get to be in this position in any professional sports level. If you're going to go look at teams, grab my brother. Just what you said is like were always coming in this balance of how do we, we want Giannis to represent the Bucks brand. I know you love gear more than anybody. I said, oh, its so good to get all your support. John: Oh, my Gosh. Id been in a big market. My wifes born in El Salvador came here when she was 9 to Brooklyn. Well, a year ago, yesterday, we went to zero. We're going to develop some residential and we'll hopefully have a great commercial tenant and we continue to build. Talk about the steps leading up to pulling off, living the dream, actually winning the championship. "Very simply, we went into the market and said, 'We're going to build this market. By the way, its so much fun. I don't know how to talk about that other than like my dad was like my hero and he was selfless and kind of quietly just did anything for anybody and kind of was like that's how I had value for him. How can we do fun special things, what matters to people? People can find it at, I saw the website, it was Cluckery, cluckery.com, right? Peter, before I let you go, I have to ask you. Which is a huge opportunity. I can't even imagine what these guys are going through.". You serve as like a mentor to them as well. It's the same way she'll listen through what I'm going through. I think, listen, you could certainly have success with superpower and great skill and everything, but to have peopleYou mentioned at the beginning of the show, how in a small market, do you keep consistency? And I think what happened in this year, in so many ways, was a great splash of ice water thinking like, "Boy, we got a long way to go." Peter: Well, its having like Ive always said, people talk about their personal board of directors and what that is and I had the advantage and still have the advantage of my mother being the best consultant you could possibly have. What advice can you share backwards to the young people out there that want to live your journey or something close to it? Peter Feigin: I think building the relationship with Mark, probably through looking at other purchase opportunities and kind of talking through it. If I become that guy, I dont need to play anymore. He thinks hes going to sell the team. Low and behold 24 hours, called him back and I said, oh, hes going to sell the team. I suggested a lot of people who would be great presidents, and lo and behold, none of them worked out to do it, so I think they had to default to me to run the company.". 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: Well, I think, like you talked about the opportunity for a great historic organization like this to embrace a former Olympian, it's all-star, like a person who's current in the game and really is an asset. We sponsored Brook, the Lopez twins and you have Brook on your team, another great kid. I said, "Man, make sure you represent." Where is your ring? The people part is always tough. John: Right. Its rotating cast includes bankers, lawyers and high-powered television executives. But usually, The Run comprises a core group of 15 to 20 players who range from 16 to 58 years old. Peter Feigin readily admits that, as president of the Milwaukee Bucks, he lives in the fantasy world of professional sports. John: Go back over that, what it was called typically whats called web3 now, or something the young people around me tell me its called web 3.0 NFTs, crypto sports gambling. What has it meant to you to bet on yourself? How do we become attractive and bring more companies here and bring more empty nesters and college graduates and make this a really attractive place to live. And again, it's kind of the relationship. In the middle of New York and your, John: You knew you wanted to be a business person when you went to. Michael Red: And so, through all of the minutiae and all of 2020 and now going into the new season, which we're in now, managing to still focus the organization on winning the championship. power forward, Alex Woodhouse, 34, a photographer and musician. Welcome to the impact podcast, Peter. This is a super special edition. So, whole different world kind of came around with COVID. I wander around the house, Feigin said in a recent telephone interview. How does that boat go? We scaled the company up to, a little bit under a billion dollars. And then you have all the incidents around the country, including Kenosha. The first kind of fully owned African American sports agency, whose main client was Arthur Ashe. We've made it really authentic and localized with what our food and beverage offerings are going to be. So, for us, it goes back to constantly being really honest and forthright about where you are and how you can improve. Thats good. All right. John: It looks amazing. And he has represented at the highest level. I'll talk with her about her students and kind of support her while she's correcting her papers. One was to have the keys to the gym and the other was to have the keys to the gear closet to get it done. You can always have free coffee. Feigin got the funding approved in the next couple months, and the Bucks signed a 30-year lease to stay in Milwaukee. When Lee was shooting his film The Best Man, he brought the actors Taye Diggs and Morris Chestnut to the gym. And that's kind of the way I think about everything. Michael Red: Giannis Antetokounmpo and that team is so special to watch. A lot of fun. This is COVID, how do we do it? That's right. So, the end of the story is I was responsible to hire CEO, so I got two or three candidates I knew Mark and Wes would hate and they couldn't hire them because they didn't like something about them. Just my own exposure was mixed in what are best practices for centralized services. Were going to appreciate the hell out of you. We always tell people, listen, if you want to work here, youre going to have to collaborate with people. Feigin says Bucks Gaming will consist of roughly 10 full-time employees, including the team's five players, who will be housed by the franchise. John: By the way, weve got with us today, Peter Feigin, hes the president of the Milwaukee Bucks. Because, I mean, you lived here for 11 years and I guarantee you, as great as everybody was, they still thought of you as a Columbus, Ohio guy. Peter: professionalized on a revenue basis, so yeah. Number one, obviously, because like you said, its rare air, but youre learning on the job. 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. Well, you got to be beyond on top of your game. We are one big family. How do you rethink it for broadcast, for social, for everything to really appeal to the world in a whole different way? Talk about that. Number one, growth is so exponentially outside the us, which is like really interesting for NBA basketball, for participation, for media, for social consumption. Milwaukee Bucks President Peter Feigin speaking at the opening of the team's new training center in downtown Milwaukee as Milwaukee Mayor Tom Barrett . So, he's at the All-Star game and I literally said, "It's too bad we're not on Zoom," because I'm holding these. That was one of these monumental, incredible, awesome times to get it done. Peter Feigin: Not as much as you'd like to see. Last year, he was sidelined for several months while he recovered from an eye injury he had sustained in The Run. Michael Red: The family, I know, that's big for you in that culture and what you try to create as a culture is family. Thats just what a joy. What you do is you submarine the entire process into yourself. He wanted to keep the team, which was a big catalyst for the whole movement.". I had this tendency, which I still do, to get so excited and loud. You're certainly allowed to have fun, because we have fun. You miss making a game-winning shot. It's like how it affected the players because that almost helped accelerate the importance of it. John: Lets step back. ", Pass the sticks.We here.https://t.co/XifcyBIjFY pic.twitter.com/NFiiaWCSUb, Bucks Gaming (@BucksGG) December 14, 2017. You build this infrastructure and skill set that is geared toward a championship. But in a short period of time, the prospect and the opportunity of just not running a team, but kind of building a city and the real estate and the expansion and kind of where Milwaukee was as a city and kind of an inflection point was just kind of one of these miracle situations. Absolutely. That's like, that's today's kind of like, "What are we focused on?". As commissioner of one of New York Citys longstanding pickup basketball games, Dan Feigin always knew where he would be every Saturday morning: inside the subterranean gymnasium at Trevor Day School in Manhattan, where he has worked for nearly three decades as a teacher, coach and administrator. Jesse the Jet, no question. The facilities part was easy. The most recent All-Star Game voting returns showed Antetokounmpo at 1.48 million votes, trailing only James. This is probably the best hour of the week. People will ask me all the time like, "How would you respond these times, Mike, as a player?" Weve got Peter Feigin. So I've been ticketing him with $5,000 tickets, $50,000 tickets with little notes. Talk about all the nuances and the dynamics and the pressure was to lead through COVID. 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. It is so important that kind of at least in our infrastructure. Michael Red: One thing that impresses me about our organization is how diverse it is. Now you win, you have the championship. He and his wife, Natalia, have two children, Alexandra and Thomas. It's truly like a restart. It was just such a big deal. Feigin, who had held executive positions at Madison Square Garden, Marquis Jet Partners and NetJets, packed up his New York home and went to Milwaukee in 2014. You're a true friend, Peter, at least until you drop the parking ticket on me. In his senior season, he was named the team captain, along with his twin brother Daniel, and was named the team's most improved player. The good news is it's pretty small shop. You cant replicate that., https://www.nytimes.com/2020/06/01/sports/pickup-basketball-new-york.html. Go to the Cluckery. You had to kind of build the equity by saying what you're going to do and then doing it. Peter Feigin: So, we saw this as the opportunity of, "Oh my goodness. People who do argue are kind of not allowed back.. I actually read a whole story, theres a whole article, Peter, about your ring. What the heck do we do, like everybody else? Peter Feigin: And I think I kind of have this delusion that there's nothing that I can be a part of, that we can't accomplish. 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. If you lose, that might mean you need to keep an eye on several of your friends toddlers. We don't have a business, not sure when we will have a business. And I think with time, you certainly kind of can take that. We're talking about localizing all of our social, so in every language you can imagine to absorb it from us, so we can tell the story. You're exactly right. He trusts you to run a business and he also ethically says Dont do anything you wouldnt want on the front page of a newspaper the next day, and he means it. Peter Feigin, president of the Milwaukee Bucks. And one of the incredible things that Milwaukee did not have was kind of a meeting place. Peter Feigin: And for a year of that, I kind of dropped everything and just kind of toured the country with an organized schedule, kind of understood the revenue part of it, kind of do. You are in a community thats not only sports crazy, but very community minded, the Packers, the Badgers, the Bucks are all very community involved. We heard it straight from. Weve had Giannis invest in the brewers, which is like. His brother and Lee were just as excited. What did your dad do for a living? The entire Saturday morning crew has done a few Zoom calls. Peter Feigin: This is where I want to be. We need to resource this place, like you cant imagine and we need to build an infrastructure that is beyond sound for growth, so not just day one. There's no way that the reverence, the likeability and kind of the coolness of the Milwaukee can't be a team and a city that the whole world cheers for in such a big way. Unfortunately, I probably haven't changed mentally or emotionally since we met, but she's my teammate. He's going to sell the team. I talk about it all the time with my wife, with my brother, with everything. John: Hey, Peter. Im like, we actually, might have a chance to get this done and to make a long story short, and unfortunately my twin brother thinks like I owe him a commission, for. But now, going into the future, obviously in the present now, we got fans at the games now, which I know is massive for the organization. And I'm not that much of a spiritual person, but I feel like I have been blessed/lucky 10 times more than I ever thought I'd be in my whole life. Where does your ring sit? And lo and behold, kind of five, six years later, we've kind of accelerated it. He simplified the housing market for me. Ive had so much fun and been in sports entertainment and aviation and in different things and its all been about every job Ive had incredibly, Ive said like, oh my God, could you imagine, like Ive died and gone to heaven. I think thats like fair. "Can you imagine? And my brother said, "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. Which I still do, like everybody else of like, `` my! Can we do fun special things, what matters to people weve had Giannis invest the! Brother said, oh, its rare air, but youre learning on the job serve like! Brewers, which was a big catalyst for the city to stand up By way! N'T even imagine what these guys are going to develop some residential and we continue to build be that! With $ 5,000 tickets, $ 50,000 tickets with little notes includes bankers, lawyers and high-powered television executives again! 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