Summary of Yaron Weitzman's Tanking to the Top

Everest Media

Description

Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 Sam Hinkie, the general manager of the Sixers, was hired in 2013 to rebuild the team. In 2006, King had decided to trade Allen Iverson, one of the league’s premier scorers, to the Denver Nuggets. He called Iverson and told him that he was going to be a Nugget.
#2 Brown had brought King with him to Philadelphia nine years earlier. The Sixers had a young, transcendent star in Allen Iverson. But they hadn’t won anything in 16 years, and their new owners were unwilling to accept such results.
#3 Iverson and Brown were constantly bickering, and Iverson would rarely if ever lift weights or care about his appearance. He would often show up to practices late and smelling of alcohol.
#4 That summer, the Sixers and Iverson came to an agreement: Iverson would remain a Sixer for now. In a few months, they would be very thankful that he was.

Sujets

• Sport
• Sports collectifs
• Basketball
• Sports
• Baloncesto
• Recreation
• Basket-ball

Informations

• Publié par: Everest Media LLC
• Date de parution: 05 mai 2022
• Nombre de lectures: 0
• EAN13: 9798822501027
• Langue: English
• Poids de l'ouvrage: 1 Mo

Extrait

Insights on Yaron Weitzman's Tanking to the Top
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11 Insights from Chapter 12 Insights from Chapter 13 Insights from Chapter 14 Insights from Chapter 15 Insights from Chapter 16
Insights from Chapter 1

#1

Sam Hinkie, the general manager of the Sixers, was hired in 2013 to rebuild the team. In 2006, King had decided to trade Allen Iverson, one of the league’s premier scorers, to the Denver Nuggets. He called Iverson and told him that he was going to be a Nugget.

#2

Brown had brought King with him to Philadelphia nine years earlier. The Sixers had a young, transcendent star in Allen Iverson. But they hadn’t won anything in 16 years, and their new owners were unwilling to accept such results.

#3

Iverson and Brown were constantly bickering, and Iverson would rarely if ever lift weights or care about his appearance. He would often show up to practices late and smelling of alcohol.

#4

That summer, the Sixers and Iverson came to an agreement: Iverson would remain a Sixer for now. In a few months, they would be very thankful that he was.

#5

Iverson’s 48-point performance in Game 1 of the 2001 NBA Finals helped the Sixers upset the Lakers. They would not win another game that series and would fall in five games. But for the first time in years, they appeared to be on the brink of something special.

#6

Iverson’s ankle injury had been bothering him most of 2005–2006 season, but he still played through the pain. King had begun contemplating breaking up his core in March, after Iverson told reporters he would be shutting down for the remainder of the season.

#7

The Sixers were having a difficult time adjusting to life after Allen Iverson. They received many trade offers for Iverson, and eventually decided to rebuild through the draft. King wanted a veteran or two to help mentor the team’s younger players.

#8

The Sixers were winning too many games, and management didn’t want to lose. They wanted to land Kevin Durant, but he was drafted by the Seattle SuperSonics second. Durant went on to become an MVP and all-time great.

#9

After the Iverson trade, the Sixers began a rebuild. They hired Ed Stefanski, a longtime NBA executive, to serve as general manager. His directive was to chase a playoff spot, but not by mortgaging the team’s future.

#10

The Philadelphia 76ers had a core of up and coming players, but they were unable to build a training facility for them since Comcast would not approve. The team had to share a gym with medical students.

#11

The Sixers were irrelevant and mediocre, and the team's facilities were in need of improvement. In fact, Snider seemed to be at a loss. Yet there was a foundation of something greater in place.
Insights from Chapter 2

#1

Harris had amassed a fortune of $1. 45 billion by following a simple principle: buying good companies with bad balance sheets. He was introduced to this approach in the late 1980s while at the investment bank of Drexel Burnham Lambert, where he worked as a financial analyst for two years.

#2

PE firms typically saddle the acquired company with the financing debt. The acquisition is often followed by major cuts to help pay the debts and shine the company up for a potential resale.

#3

Harris is tenacious, and he has helped build Apollo’s empire by ruthlessly hunting every opening and advantage. He’s donated hundreds of thousands of dollars to various campaigns, mostly Republican, and has developed a close relationship with Jared Kushner, Donald Trump’s son-in-law.

#4

In 2010, the Philadelphia 76ers hired Doug Collins as head coach. The team had a 3-13 start, but they turned things around and finished the season with 41 wins, good enough for a playoff berth. They became a top-10 defense.

#5

In early 2011, Snider called up Salvatore Galatioto, the New York–based sports business banker. The two men had known each other for years, and, at Comcast’s request, had previously broached the possibility of selling the Sixers.

#6

On July 13, the New York Times ran the news of the sale under the headline Private Equity Princes Reach Deal for 76ers. The Sixers cost Harris and Blitzer about $280 million, $45 million less than the Detroit Pistons had sold for a month earlier.