With over 35 years of financial experience in the sports and entertainment industry, Rich has been engaged in events, licensing, sponsorship, broadcasting, and facility development projects. He has experience within professional basketball, professional soccer, and professional tennis, both domestically and internationally. With a sound foundation in public accounting during his tenure at one of the world’s largest accounting firms (Coopers & Lybrand) and internal auditing at one of our nation’s leading banking institutions (JP Morgan Chase), Rich has lead teams ranging from 5 to 45 professionals in all facets of the financial space. In his 11 years at the National Basketball Association, Rich was responsible for overseeing the League’s licensing, sponsorship, and entertainment including the All-Star Weekend business unit. Rich also was instrumental in the startup of several of the NBA’s international offices in Paris, London, Australia, Canada, and Japan.
Moreover, Rich’s last 17 years has been devoted to the development of the sport of tennis at the United States Tennis Association where he led teams from both “sides of the house”, in Professional Tennis and development of the sport on all levels. With Professional Tennis, this entailed the US Open Tennis Championships, development of the US Open Series and financial due diligence in support of several significant tennis investments on behalf of the organization. The other side of the house included the development of the sport on all levels including Adult Tennis, Youth Tennis, Wheelchair Tennis, Player Development and Collegiate Tennis. Rich was also a major contributing member to the development and opening of the USTA National Campus in Orlando, Florida. This included the relocation of over 175 employees and the financial compliance and settlements with the State and County on the various financial incentives related to the opening. Rich led a team of MBA candidates which developed, designed, and completed an Economic Impact Study of the National Campus. He had developed these skills while working on a similar Economic Impact Study of the US Open on the City of New York several years earlier.
Designing financial controls and reporting on results for major events including the US Open, NBA All Star Weekend and various international basketball exhibition events were corner stones of Rich’s many financial contributions, which were needed to sustain growth and profitability for both associations.
Rich graduated from Queens College, City University of New York with a BA in Accounting and Information Systems in January 1985. Rich received his certificate from The University of the State of New York Education Department as a Certified Public Accountant in March 1988.
He is a music aficionado who has over 1,700 vinyl records in his collection which includes Blues, Bop, Swing and New Orleans Jazz of every style from Duke Ellington to Muddy Waters and everyone in between.
Please allow Rich and team the opportunity to design a revenue recovery program for your organization and its’ intellectual property or revenue participation agreements. The cost is minimal and historically the returns have been substantial.