Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Monday, October 14, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

MLS team president Danita Johnson talks sustaining growth amid $775 million valuation and record attendance

October 7, 2024
in Business
Reading Time: 3 mins read
A A
MLS team president Danita Johnson talks sustaining growth amid 5 million valuation and record attendance
0
SHARES
ShareShareShareShareShare

MLS team president Danita Johnson talks sustaining growth amid $775 million valuation and record attendance

Danita Johnson made history as the first Black executive to lead a Major League Soccer (MLS) club when she was appointed president of DC United in December 2020. 

READ ALSO

Ocean City tries to save historic Jersey Shore amusement park with ‘Giant Wheel’ as it shuts after generations

Europe’s population crisis could shave 4% off its GDP by 2040: Morgan Stanley

Before her current role, Johnson had worked for years in basketball with the WNBA’s Los Angeles Sparks and the NBA’s Los Angeles Clippers. During her time with both organizations, she learned what operational excellence in the business of sports looks like. 

“Working in the WNBA and NBA family, you’re going to get some of the best of the best business practices,” Johnson said during a mainstage interview at Fortune’s COO Summit in Middleburg, Va. on Monday.

Johnson said her most recent role as the president and chief operating officer of the Los Angeles Sparks was highly relevant to MLS because both leagues are amid a major rise in popularity. 

“The business itself, nonetheless, sat in a very similar spot where it needed transformation, where it needed change and growth opportunities—specifically with the World Cup coming in 2026,” Johnson said, comparing the WNBA to MLS. 

Both leagues were founded almost 30 years ago, but have lived in the shadow of more popular sports. For the WNBA, it was men’s basketball and the NBA. Meanwhile, the MLS struggled because soccer is not among the most followed sports in the U.S.—although that is starting to change. 

MLS teams are drawing in record crowds that are often too large for their own stadiums to accommodate. On Monday, the league announced an all-time attendance record of more than 11 million fans over the course of the regular season. Fan attendance can serve as an important bellwether of the league’s popularity because it points to the fact that fans are willing to pay to engage with the MLS. 

“Having surpassed our record attendance with 16 matches left to be played in the regular season is a testament to the incredible momentum behind MLS and how we continue to push the boundaries of where we can go as a League,” MLS executive vice president and chief club performance officer Chris McGowan told Fortune in a statement. 

Success for MLS

Those attendance numbers are also translating to soaring valuations for franchises. As of May, DC United is valued at roughly $775 million, according to Forbes, an 11% increase from the year before. 

For Johnson, the key to sustaining that growth is infusing the club with a healthy dose of technology. During her mainstage interview, Johnson mentioned her intentions were to use technology for data-driven marketing to segment and reach different fans and to use enterprise software like Asana and Tableau for project management. 

“In our world, it’s very interesting, because we go B2B and B2C, back and forth, all the time, between dealing with fans and dealing with brands,” she said.

To grow the audience in the U.S. and in Washington, D.C., more specifically, Johnson is eyeing Black American consumers. While they may be sports fans in general, they aren’t as familiar with soccer. Most young kids in America experience soccer as something they played when they were very young, but they may not know how to progress beyond that to try and reach the pros, Johnson said. 

How the player development system works in soccer is more complicated than other sports. “Right now, it’s very clear when it comes to the NFL or the NBA, how you get [to the pros], how you make money, how it grows your career,” Johnson said.

Simplifying the process can help get American kids excited about soccer. And when that happens, it will ultimately yield long-term benefits for all of the MLS. 

“If we have more kids playing soccer at a high level, we’re going to develop our own stars in the U.S. When we develop our own stars in the U.S., the sport will continue to grow,” Johnson said. 

Credit: Source link

ShareTweetSendSharePin
Previous Post

Rolls-Royce NYC Private Office showroom caters to top-tier clients

Next Post

Don’t miss the first-ever Yankees Spring Training travel package

Related Posts

Ocean City tries to save historic Jersey Shore amusement park with ‘Giant Wheel’ as it shuts after generations
Business

Ocean City tries to save historic Jersey Shore amusement park with ‘Giant Wheel’ as it shuts after generations

October 14, 2024
Europe’s population crisis could shave 4% off its GDP by 2040: Morgan Stanley
Business

Europe’s population crisis could shave 4% off its GDP by 2040: Morgan Stanley

October 14, 2024
Biden unveils 2 million in post-hurricane aid on Florida trip
Business

Biden unveils $612 million in post-hurricane aid on Florida trip

October 14, 2024
US will send THAAD missile defense system to Israel
Business

US will send THAAD missile defense system to Israel

October 14, 2024
Black Swan author Nassim Taleb is really afraid of dedollarization
Business

Black Swan author Nassim Taleb is really afraid of dedollarization

October 13, 2024
Fuel shortage hits Florida after Hurricane Milton
Business

Fuel shortage hits Florida after Hurricane Milton

October 13, 2024
Next Post
Don’t miss the first-ever Yankees Spring Training travel package

Don't miss the first-ever Yankees Spring Training travel package

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

America’s corporate tax rate is right where it should be

America’s corporate tax rate is right where it should be

October 2, 2024
Biden unveils 2 million in post-hurricane aid on Florida trip

Biden unveils $612 million in post-hurricane aid on Florida trip

October 14, 2024
Taylor Swift arrives for Travis Kelce’s Chiefs game vs. Saints

Taylor Swift arrives for Travis Kelce’s Chiefs game vs. Saints

October 8, 2024
The crypto market right now is a fake boom economy built on VC money and parties

The crypto market right now is a fake boom economy built on VC money and parties

October 1, 2024
Amazon’s Fire HD 10 tablet drops to a record-low price ahead of October Prime Day

Amazon’s Fire HD 10 tablet drops to a record-low price ahead of October Prime Day

October 1, 2024
Yankees not ready to say who will start at first base in Game 3

Yankees not ready to say who will start at first base in Game 3

October 9, 2024
Giants WAGs enjoy glam party before prime-time ‘TNF’ clash vs. Cowboys

Giants WAGs enjoy glam party before prime-time ‘TNF’ clash vs. Cowboys

September 27, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • Ocean City tries to save historic Jersey Shore amusement park with ‘Giant Wheel’ as it shuts after generations
  • Labour woos new business to Britain
  • Europe’s population crisis could shave 4% off its GDP by 2040: Morgan Stanley
  • Daniel Jones, Giants offense waste countless chances in loss to Bengals

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In