#sports

Sneaker Wars

Nike is waxing lyrical about selling out its $110 Colin Kaepernick sneaker in 7 minutes online. eBay has these kicks selling for up to $950. Of course, no data has been released on how many pairs were made.

No doubt wearing a pair of Kaeps expresses one’s belief in woke causes as much as wearing a MAGA hat shows one’s desire for having pride in one’s country.

Recall the social justice warrior and NFL kneeler called on Nike to recall the Betsy Ross sneakers made for July 4 on the grounds they hark back to a time when slavery existed. Sneaker.com notes that those blacklisted shoes are selling for $15,000 on eBay.

While not a strict apples for apples comparison given the Betsy Ross sneakers were pulled from sale, at the very least Nike should realize the power of capitalism when the scarcity value carries higher desirability than a has been football player who loves to virtue signal.

Note in the latest Nike Q2 financial results, America was the worst performing market for the company. All the growth is coming out of China.

It is unlikely that Kaep kicks will arrest the dismal growth in home markets. Oh, and for those that point to the stock price, note that Nike has a $15bn buyback program in place and has only performed inline with the NASDAQ.

Rugby Australia chokes on its own incompetence

IZZY.png

After exchanging a politically correct, vomit-inducing and nose-bleedingly insincere prepared statement drafted by professional media consultants -not lost on anyone – the fact remains that Rugby Australia (RA) is the loser in the Israel Folau saga. We can forget the original source of the dismissal and the rights and wrongs of it. If RA thought it had a proper case, the legal fees (which it claimed were worth saving and settling out of court) would have been way less than the $10m payout he was demanding. So much for supporting the very communities the RA plasters all over its website.

The outcome was the result of management incompetence in thinking that appearing woke trumped legal due process. In full knowledge that Folau had a $1.6mn war chest (courtesy of Christians, free speech advocates and rugby fans alike) to take up the case against his former employer, the board was forced to buckle and issue an apology to the former rugby star, which would never have been necessary if it had a smidgen of judgment in the beginning.

RA CEO Raelene Castle can laugh off “wildly inaccurate” speculation on the $8mn rumoured settlement but the fact is the board knows the exact amount. Israel and Maria Folau wouldn’t have been grinning like Cheshire cats were he to have signed away for less than his rescinded contract. It will be fascinating to see the composition of the 2019/20 reported figures that will be published in due course. Expect some accounting trickery to fudge it into the numbers.

Castle said a few months back that the franchise could weather paying out Izzy Folau’s $10m claim. Although CM is not sure that paying out $10m + costs – which would wipe out almost 2/3rds of the $18mn in cash on the balance sheet – is something a CEO should think is worth boasting about. What she has long needed to focus on is arresting the declining operating performance. Yet she stated emphatically that the RA won’t have to make changes to the budget. Maybe her lawyers pieced together a multi-year drawdown of the sum to be paid to smooth out the ultimate impact. 

The RA franchise is the laughing stock of the rugby world. So transparent is the lack of accountability, woeful internal coordination and deteriorating financial results that it requires nothing more than a drastic overhaul if the entity is to thrive.

Former coach Michael Cheika let loose that it was no secret he had no relationship with the CEO and a very poor one with Chairman Cameron Clyne. This coming from the very individual running by far the biggest RA franchise. Despite possessing by far the worst performance record of any Wallabies coach, management persevered with a man who didn’t have a leg to stand on but cast aspersions on the executive team.

Therein lies the problem. RA can push all of the woke causes (e.g. LGBTQI+, gender equality) it likes, but if the ultimate end customer derives no value from it, it is a fruitless exercise which can’t escape the scrutiny of the free market come time to pay bills.

Castle may believe that this was a commercial decision for the sake of providing certainty. Had she done the right thing from the start she could have avoided getting embroiled in a scandal that has exposed the poor governance within.

Isn’t it odd that the LGBT activists are now attacking the very institution that set out to promote them – RA. CM has never thought much of his tweets but the reaction to them has been so over the top. The faux outrage mob finds oppression in everything.

Castle should resign and if she won’t the board should fire her despite her defiance against the bleeding obvious – she is in over her head. Fans won’t return with the status quo.

Get woke, go broke.

South Park shuns PC in women’s sports

South Park has never won any prizes for political correctness which is why the formula continues to be so successful. This episode mocks the current obsession of accepting trans females in women’s professional sports.

N.B.it contains profanity.

To think poor old Martina Navratilova was eviscerated by activists for pointing out the obvious with respect to biological males playing female sports. Despite being such a positive role model for her community in the tennis world, the loony left can’t face biological facts.

Daft way to run a business

Why the celebration? CM is all for equal opportunity. Just not equal outcome. As CM said at the time of the US soccer team’s whinging over equal pay, if Megan Rapinoe and team make more revenues and broadcasting rights, pay them “more” than their male counterparts, not the same. Who could forget the almost North Korean level chants of “equal pay” during the Women’s World Cup this year?

How is equal pay remotely sensible for the Football Federation Australia’s (FFA) women’s team, the Matildas? Surely within the women’s team, there are proper stars and average players. Will those pay rates be equalised? So that the women’s soccer supremo that scores the most goals and achieves the highest number of tackles gets paid the same as the forward who can’t score and can’t defend to save herself? Who do the fans want to see? Who powers the turnstiles?

Look to other sports. Lewis Hamilton in F1 gets paid multiples more than fellow competitor, Romain Grosjean. Same job, Same conditions. Same everything. Yet, the 6x world champion gets factor fold levels of advertising dollars, hence he also banks that in his contract. Marc Marquez, the 8x world champion in MotoGP gets paid a fortune. Whereas Tito Rabat does not. Maybe because he is leading most of the time that the race coverage is focused at the front, rather than the back. It is all based on performance and TV exposure. Michael Jordan, Shaq, A-Rod and so on. The cream always gets paid what the market will bear. Some might call the $100mn that Ronaldo gets paid at Real Madrid as excessive but the club wouldn’t pay it if his magic didn’t cover the bills.

Ronaldo has 78 million Twitter followers vs his Real Madrid captain, Sergio Ramos who has a pitiful 16m. Surprise, surprise. Ronaldo makes more. Rapinoe has 899,700 followers. Should she get paid the same as Ronaldo? US men’s soccer team player Landon Donovan has 1.4m followers. Does the USSF see that the box office is sadly still skewed to the men’s game?

Once again, 260m watched the Women’s Soccer World Cup final in 2019. The 2018 men’s World Cup in Russia saw 1.12bn tune in for the final. 4.3x the audience.

To quote the Football Federation of Australia’s annual report of 2018,

Sydney FC had the honour of hosting the Westfield W-League 2018 Grand Final against
Melbourne City FC at Allianz Stadium. In front of a vocal crowd of 6,025.

Six thousand. Rugby Australia CEO Raelene Castle can feel a bit better about the abysmal attendance rugby has at home for the domestic series.

The men’s Melbourne Victory vs Newcastle Jets soccer final in 2018 saw 29,410 fans attend that match. 5x that of the women’s final.

Same for the Matildas. They achieved a peak crowd attendance of 16,829. The men’s Socceroo team saw 77,060 supporters at ANZ Stadium on 15 November 2018. 4.6x more fans watched the men’s national team over the women’s. It is nothing to do with gender. Fans prefer the men’s game. Because of that, sponsors are willing to pay for greater exposure.

This is not to denigrate the Matildas. It is to point out that this constant pandering to “equal pay” is a disastrous way to win over fans. Because if the right talent isn’t paid accordingly, an overseas league will quickly bid them away and hollow out the local market. Attendance will drop and the revenues and sponsorship dollars will dry up with it. Doesn’t require rocket science.

Still, get woke, go broke. The Wallabies are proof is in the pudding for management that focuses on inclusivity and diversity instead of accepting reality of what actually pays the bills – the fans. The financials continue to deteriorate.

By all means, if the Matildas smash the Socceroos for revenue, viewership and broadcasting rights then by all mean pay them more, not the same. Welcome to the Democratic Peoples Republic of Australia in 2019 where virtue signalling means more than merit.

Just watch the mainstream media gush at how progressive the FFA is before realising in years to come just how regressive it eventually becomes for the game and how could it have happened?