During his time there he performed with some of the classical world's elite soloists, such as Itzhak Perlman, Joshua Bell, Nadja Salerno-Sonnenberg, Pinchas Zukerman, Lang Lang, Van Cliburn, Christopher O'Riley, Cameron Carpenter and Sharon Isbin, as well as . Philadelphia 76ers CEO Scott O'Neil is leaving the organization to pursue new opportunities, according to a team press release. Anything worth achieving is going to require you to make tough choices." (sacrifice, discipline, fortitude) @BallisPsych. In 2017, O'Neil was made CEO of Harris Blitzer Sports & Entertainment (HBSE), the holding company for the 76ers, Devils, esports businesses, a marketing and hospitality partnership, and the Prudential Center. Philadelphia 76ers CEO Scott O'Neil steps down - CNBC . Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, watches warmups in Pennington, N.J., on Monday, Dec. 6, 2021. Scott O'Neil is stepping down as CEO of the 76ers to focus on other projects. "Bloomberg Opinion" columnists offer their opinions on issues in the news. In a little over a year, he was able to turn $5,000 worth of investments into more than $200,000 of profits. For now. Additionally, he became acting Co-Managing partner for Elevate Sports Ventures, a sports and entertainment agency he helped to create in a partnership between HBSE, Live Nation Entertainment | Ticketmaster, the San Francisco 49ers and Oak View Group. ONeil will try to change the world from outside of the business. The 76ers, under the direction of Scott O'Neil, their chief executive, have been dipping into the franchise's past even as the team reinvents itself. Post-MBA, he returned to Philadelphia and started a new business. June 30, 2021 12:00 pm ET. O'Neil did as he was advised and took the family to Paris and London for almost three weeks, including visiting Euro Disney, where he rediscovered the kid inside. LONDON -- The former CEO of the parent company that owns the Philadelphia 76ers and New Jersey Devils has agreed to take the same position for London-based Merlin Entertainments. Three months into the job, he had no office phone, laptop, or even business cards. Author Scott O'Neill - Smart Property Investment Scott ONeil, who until this past summer was the CEO of the Philadelphia 76ers for the past eight years, now coaches his daughter Kiras basketball team. O'Neil announced . A sign over the door to the gym is seen at The Pennington School in Pennington, N.J., on Monday, Dec. 6, 2021. Sign up for free newsletters and get more CNBC delivered to your inbox. Ready to formally establish your startup? He began reaching out and by the time of graduation in 1998, was asked to speak at the ceremony. The senior ONeil became maniacally competitive and fixated on tanking his former co-worker, Scott ONeil said. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. He was forced to push pause. But I think Ive done what I came here to do.. By 26, he was newly married and director of corporate sales for the Philadelphia Eagles National Football League team. SCOTT O'NEIL is one of the most recognized, connected and dynamic executives in the sports and entertainment industry today. It found an initial market, but the idea proved ahead of its time. . Then call me.". Sixers, Devils CEO Scott O'Neil Leaving Parent Company After - Yahoo! Adam Aron replaced by Scott O'Neil as 76ers CEO - USA TODAY Hired in 2013, O'Neil is credited for helping rebrand the Sixers over his eight seasons with the club. Scott O'Neil (second from right) huddles with the officials and then-coach Brett Brown (left) before a 76ers game. Under ONeils leadership the value of the HBSE assets has mushroomed. Always intense and often irascible, ONeil quickly rose, then fell, as president of Madison Square Garden Sports, his job before landing with the Sixers, but he says hes mellowed during his tenure with the Sixers. The group launched HBSE in 2017, and the scope of its current work now includes new verticals like real estate and venture investing. Scott O'Neil, the CEO of the parent company that owns the Philadelphia 76ers and New Jersey Devils, has resigned after an eight-year run. ONeils exit from Harris Blitzer Sports & Entertainment is effective immediately, though he will assist with the search for his successor. ONeil said working for HBSE brought him immense challenges, according to CNBC. O'Neil oversaw several changes to the 76ers during his time as CEO. 30, 2021, 9:39 a.m. Scott O'Neil, the CEO of the parent company that owns the Philadelphia 76ers and New Jersey Devils, has resigned after an eight-year run. Coaching a team is very analogous to running a company, he tells me, listing off all the characteristics of successful executives: be a hard worker, be intellectually curious and be an extraordinary teammate. Scott O'Neil - amazon.com Elder Sikahema asked about his connection to the Church of Jesus Christ, and ONeil explained that his wife and daughters were members, but hed never felt like it was the right time for him to join. The business failed and he recalibrated, reassessed. The All-Star guard has decided to not compete in the 2021 Olympic Games in Tokyo. Sixers announce exit of longtime CEO Scott O'Neil | NBA.com Since then, he says, its been a constant learning process in his roles from the front office to his personal relationships. He is the author of the books How to Make Money in Stocks, 24 Essential Lessons for Investment Success and The Successful Investor among others, and is the creator of the . A few days later, he was assigned to give a presentation to team owners (many of them billionaires) and stumbled through it. And, ever the competitor, ONeil cant help but allow his 20 years of experience in the ruthless world of sports shape his coaching style. Scott O'Neil, chief executive officer of the Philadelphia 76ers in New York, Sept. 26, 2016. Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, talks with the team during a timeout in Pennington, N.J., on Monday, Dec. 6, 2021. By 29, he was vice president of Team Marketing and Business Operations (TMBO) at the National Basketball Association. He also spent nearly a decade in the NBAs team marketing and business operations division, known in the industry as TMBO. Coaching his daughters team is something hes done every winter for some 17 seasons and counting, from 5-year-old junior squads to middle school to now. Rethink Investing is a BRW Fast 100 company (2017 & 2018) and Australia's number one buyer's agency for commercial property investors. Scott O'Neil resigns as CEO of Philadelphia 76ers, New Jersey Devils At the time, he and Lisa had a 1-year-old daughter at home. The team failed to reach the conference finals despite finishing first in the East. Scott O'Neil net worth is $600,000 Scott O'Neil Wiki: Salary, Married, Wedding, Spouse, Family . View Scott O'Neil's professional profile on LinkedIn. His ambition, strategic outlook, and innovative mindset have been and will continue to be instrumental to the long-term success of our business. When we spoke earlier this month, ONeil was still in exploration mode. ONeil, who recently wrote the motivational book Be Where Your Feet Are, said he decided around January that he wanted to leave HBSE and he maintains a strong relationship with Blitzer and Harris. O'Neil landed the job back in 2013. Long before he became the CEO of the Philadelphia 76ers NBA team and the New Jersey Devils NHL team, Scott O'Neil was working fifty hours a week as a teenager, digging pools, landscaping, working . HBSE's Scott O"Neil on learning through adversity with - SportsPro O'Neil was a limited partner in Harris Blitzer Sports & Entertainment, whose assets include the 76ers, Devils and the Prudential Center. Michelle Gustafson, for the . Theyre driven enough. Sportico is a part of Penske Media Corporation. I inherited one [woman]. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. The Orlando forward played only 11 games this season after missing two years with a torn ACL. But he learned from the failure and gradually worked out the principles of good speaking: When he became CEO of the 76ers in 2013, they were one of the worst performers in the NBA and would soon set a new NBA record for the number of consecutive losses. Do a lot of preparation and practice, no matter how much you think you know the topic. The idea was HoopsTV, a basketball entertainment service that allowed fans to watch games on their computers. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. He landed the National Basketball Association's first jersey patch deal in 2016, a new practice facility and helped the Sixers finish first attendance in 2019. Whoever it is, his or her plate will be full. Success comes at a cost. He had never worked in a big bureaucracy before and was finding it impossible to get anything done. Perhaps the biggest wake-up call came from the national protests related to the unjust killing of George Floyd and other Black individuals by police. ONeil said hed been planning his exit since January, and a team source said Blitzer and his co-owner, Josh Harris, began the search for ONeils replacement in March and plan to name a successor within weeks, if not days. Co-franchise star Ben Simmons struggled in the postseason, and his future with the team is unclear. In 1999, most computers were unable to stream video (Adobe Flash and YouTube were several years from creation). He had always been enthusiastic about going to work his entire career, but having achieved his major goals, he was struggling to feel passionate (and had some important differences with his boss). His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. Besides, ONeil is set for life. They also help clients find high returning residential properties with the same expert due-diligence . Scott O'Neil led business operations for the group overseeing the 76ers, as well as the NHL's New Jersey Devils . It wasn't Doc Rivers and Daryl Morey, Ben Simmons' dogged refusal to shoot, or even all of the losing. The last six years have changed the way O'Neil sees the world, he said. In a statement, O'Neil said working for HBSE was one of the most difficult challenges of his career "and the most fun I have ever had, because every day brought a new opportunity to learn and develop.". The Sixers alone were valued at roughly $415 million in 2013. 1. Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, stands next to his daughter, Kira, before their game in Pennington, N.J., on Monday, Dec. 6, 2021. Three days after their first meeting, church representatives from Salt Lake City came to meet with Elder Sikahema then a Philadelphia-area lay church leader to look for potential venues for a cultural celebration in conjunction with the churchs new Philadelphia temple. All Rights Reserved, Philadelphia 76ers CEO Scott ONeil has stepped down. His team plays physical and fast, utilizing a full-court press and wearing out the opponent. I remember what it was like when we first walked in here, and to think weve grown this business, over $2 billion in value over six times in eight years, thats what I do. A few years later, however, a former work partner split off and started a rival company. I very much appreciate his insights and friendship, Silver told the Deseret News, noting their long professional relationship. I cannot overstate how much we value Scotts enormous contributions to the company and how grateful I am for his leadership and partnership in creating a best-in-class culture at HBSE.. ONeil, who previously led Madison Square Garden Sports, said he did not have another job lined up. Scott O'Neil is the former President of Madison Square Garden Sports and has overseen some of the most iconic brands in all of sports, including the New York Knicks (NBA) and New York Rangers (NHL). ONeil is leaving after eight years to pursue new opportunities., Im not riding off into the sunset, ONeil told Sportico. 2023 CNBC LLC. Scott O'Neil, Harris Blitzer Sports and Entertainment Their commitment to our teams, brands, employees and most importantly their commitment to serving the City of Philadelphia, Newark and Camden made our success together possible. O'Neil oversaw several changes to the 76ers during his time as CEO. O'Neil says the next CEO will be charged with continuing to grow the company while also likely taking the lead in building a new arena for the 76ers. Speakers at his baptismal service included Elder Sikahema, as well as ONeils predecessor at Madison Square Garden, Dave Checketts, and StockX CEO Scott Cutler, among others. "During my time there, we invested over $1 billion to keep the World's Most Famous Arena the greatest on the planet. O'Neil was hired by the 76ers in 2013, about a month before Harris and Blitzer . He joins us to share the wisdom and incredible experiences of happiness, leadership and success that he has gained throughout his life. I think a total transformation in growth of the business, brand and relevance in the city, the country is probably the biggest thing, ONeil said. Scott O'Neil is CEO at Harris Blitzer Sports & Entertainment, co-managing partner at Elevate Sports Ventures, CEO with Prudential Center and New Jersey Devils, and CEO with the Philadelphia 76ers. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. Get the life back in your eyes. This site is protected by reCAPTCHA Enterprise and the Google. I like big opportunity. While he wasnt specific, ONeil said he would like to build another platform in sports, entertainment, media and technology. Christopher Goodney | Bloomberg | Getty Images. He has more than 25 years of experience leading NBA, NHL and NFL teams and leagues, including the National Basketball Association, Philadelphia 76ers, New York Knicks, New Jersey Nets, Philadelphia Eagles, New York Rangers and New Jersey Devils. As the CEO of the Philadelphia 76ers, the New Jersey Devils and the Prudential Center, Scott O'Neil lives and breathes sports. O'Neil offered to try to get all 30 teams on board with marketing it, though NBA management was skeptical. A mentor, Peter Guber, now CEO of Mandalay Entertainment, had met him on his first day on the job and gave him some life-changing advice then: don't pretend this might last forever, just use your skills to create meaningful relationships and leverage the incredible platform. Seventeen years ago, while coaching his daughters 5-year-old rec league team for the first time, an official threatened to kick ONeil out for egging his team on too aggressively. We know he will find great success in whatever he chooses to accomplish in the future, and we will always be among his biggest advocates.. He realized, however, that he lacked the professional skills to be a great manager, so he applied to the Harvard Business School to enter its MBA program and was accepted. He helped the team enter the modern era by helping the team get out of PCOM and into their own facility. They are smart enough. Scott O'Neil | Authors | Macmillan Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, talks with the team during halftime in Pennington, N.J., on Monday, Dec. 6, 2021. Scott O'Neil Steps Down as CEO of 76ers, Devils After Eight Years Be Where Your Feet Are: Seven Principles to Keep You Present, Grounded, and Thriving. They chose smart draft picks, ignored the noise, recruited new leaders, and invested in the goals. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches Kiras basketball team. Former NBA executive O'Neil new CEO of Merlin Entertainments ONeil landed the job back in 2013. See Scott M O'Neil's compensation, career history, education, & memberships. It paid off in 2005 when he came up with a proposal to promote the NBA Finals, which had dim prospects to draw a large TV audience because of a lack of enthusiasm for some of the qualifying teams. . Four years later, he was very publicly fired, "a modern version of the guillotine," he wrote in his new book Be Where Your Feet Are: Seven Principles to Keep You Present, Grounded, and Thriving (with Randal Wright and Michele Bender, from St. Martin's). His recently published book, entitled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. At first, however, he was intimidated by so many brilliant classmates with greater experience in top-tier organizations. After that, I felt like I could ask him anything, Elder Sikahema said, and the two became close friends. [ONeils] ambition, strategic outlook, and innovative mindset have been instrumental to the success of our business, Sixers co-owner David Blitzer said in a statement. 219 Be Where Your Feet Are: Scott O'Neil, CEO of Philadelphia 76ers Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, watches warmups in Pennington, N.J., on Monday, Dec. 6, 2021. He said he couldnt reveal how much of Harris Blitzer Sports & Entertainment or the Sixers he owned, but it was for me, meaningful.. Under O'Neil's direction, the 76ers became the first U.S. professional sports franchise to own an e-sports team and notched . In an era when inclusion matters, the Sixers corporate offices look a lot less homogeneous than they did in 2013. Kriston Jae Bethel for The Wall Street Journal. Still, the timing seems curious, considering the additions of Rivers and Morey, their resumes, and their egos. Scott O'Neil's history with 76ers, faith and HBSE. Challenge you to raise the bar beyond your expectations. Elder Sikahema arrived first; when ONeil reached the table, he leaned in and said, Im a hugger is that all right?, In my mind, Im thinking, OK, hes a hugger, but Im a competitor, Elder Sikahema recounted, laughing. Here, he has built a frontline brand that, less than a decade ago, was an afterthought. I gradually learned to give up on trying to find so-called work-life balance, which doesn't breed greatness, while being wholly present in the moment can. Kevin Huerter and Trae Young stepped up in Game 7's key moments, while Kia MVP finalist Joel Embiid stumbled down the stretch. Sixers CEO Scott O'Neil leaves organization. He has more than 20 years of experience in the NBA, NHL and NFL. However, the team finished with a 19-30-7 this season and haven't made the playoffs since 2018. RotoWire considers the best player values in Yahoo fantasy leagues for Friday's 10-game slate. On this Monday evening, the formula pays off. Harris, whose net worth is estimated at $2.1 billion, heads a new group that includes Blitzer, a minority shareholder . But we already know that, so fight off your instincts and take some time and space to decompress. He has reached an agreement to sell his stake. "You're going to have the urge to prove everybody wrong and show how smart you are, how hard you work, how driven you are, how connected you are. The team is now worth $2.5 billion, . ONeils focus on diversity long predated the murder of George Floyd and the tinderbox of outrage it ignited. On the Devils front, O'Neil landed the team the NHL's first helmet sponsor last December. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, *Translations are limited to select pages, Zumoff, longtime voice of 76ers, set to retire, Huerter, Young shine in 4th; Embiid not enough, 76ers get defensive to force Game 7 in Philly, Ex-NBA player Morrow facing assault charges, Durant passes 'Big O' for 13th in career points, NBA Fantasy: Under-the-radar additions for playoffs, Magic's Isaac (torn adductor) out for rest of season, Triple-double win streak shows Jokic dominance, NBA DFS Picks: Yahoo plays and strategy for March 3. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. Scott has accomplished so much on behalf of the organization in a relatively short amount of time, driving our growth, culture, and commitment to strengthening the communities in which we live, work, play, and win, Harris said in a statement. AFTER EIGHT SUCCESSFUL YEARS WITH HARRIS BLITZER SPORTS & ENTERTAINMENT, CEO SCOTT O'NEIL TO PURSUE NEW OPPORTUNITIES. Got a confidential news tip? Hes candid about how the cutthroat world of professional sports takes a toll. His departure comes at a time the Sixers are in transition on and off the court. The company created a special team to help achieve that, began investing in revitalization of communities, and committed $2.5 million for education, health, and employment for young people with fewer opportunities.