Wisdom from a $900 Million Challenge
In today’s episode, I recount leading a $900 million deal for the Rams during the 2008 crisis, guided by Lee Steinberg's wisdom to simplify negotiations and avoid difficult business partners.
The Playbook With David Meltzer
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Show Notes
In today’s episode, I share my experience stepping into the role of running Lee Steinberg Sports & Entertainment. Unaware of Lee's battle with alcoholism, I found myself leading a $900 million deal to buy the Rams during the 2008 financial crisis. With Lee in rehab, I relied on my background in venture capital and technology to navigate the challenges. Lee's advice—simplify negotiations and avoid doing business with difficult people—guided me through the complexities. This wisdom not only helped close the deal but also played a crucial role in my recovery from bankruptcy, shaping my approach to high-level business dealings.