Ep. 76 - Who Is Joe Favorito, Author, Sports Broadcaster and Consultant to “Creed?” How To Become an Entrepreneur in Sports

In this episode of The Honest Field Guide podcast, host JinJa Birkenbeuel engages in a dynamic conversation with sports entrepreneur Joe Favorito. They explore the intersection of sports, family dynamics, and entrepreneurship, discussing how personal experiences shape perspectives on sports. The conversation delves into the importance of showing up in the business world, the evolving landscape of sports consumption among youth, and the critical role of crisis communications in sports management. Additionally, they touch on issues of diversity and representation in sports, particularly in light of recent discussions surrounding Title IX and its impact on funding for youth sports. In this conversation, Joe Favorito discusses the evolution of women's sports under Title IX, the complexities of Name, Image, and Likeness (NIL) regulations, and the challenges of funding for men's volleyball. He shares insights on the lack of diversity in hockey and the cultural barriers that exist, while also emphasizing the importance of storytelling in sports management education at Columbia University. The discussion highlights the engagement of today's students and Joe's aspirations for future roles in sports management.

Takeaways

• JinJa's journey into sports began later in life.
• Family dynamics play a significant role in sports involvement.
• Entrepreneurship in sports requires adaptability and storytelling.
• Showing up is crucial for creating opportunities.
• The future of sports consumption is changing with technology.
• Crisis communications are essential in managing athlete reputations.
• Diversity and representation are vital for the growth of women's sports.
• Youth sports funding is often influenced by larger sports dynamics.
• The media landscape is evolving, but storytelling remains constant.
• Engagement in live sports is crucial for community building. Title IX has significantly impacted women's sports opportunities.
• NIL regulations have created both opportunities and challenges for student-athletes.
• Funding disparities exist in men's sports, influenced by market demand.
• Diversity in hockey remains a challenge due to cultural and financial barriers.
• Storytelling is a crucial skill for students in sports management.
• Today's students are more engaged and media-savvy than ever before.
• Cultural programs in sports can help increase diversity over time.
• The importance of finding a middle ground in NIL compensation.
• Joe Favorito emphasizes the need for effective storytelling in sports careers.
• Future aspirations include running a sports organization.