Scott O'Neil's history with 76ers, faith and HBSE. Scott O'Neil net worth is $600,000 Scott O'Neil Wiki: Salary, Married, Wedding, Spouse, Family . Given the Sixers diversity initiative, which was conceived and implemented by ONeil, who is white, its a fair bet that the next CEO wont match ONeils demographic. Scott ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras team. Kriston Jae Bethel for The Wall Street Journal. 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. "The environment is about learning how to be a great CEO and creating lifelong relationships--it's not about grades," he was told. The senior ONeil became maniacally competitive and fixated on tanking his former co-worker, Scott ONeil said. All Rights Reserved, Philadelphia 76ers CEO Scott ONeil has stepped down. He isnt even at the Wells Fargo Center in Philadelphia, where he spent eight years as CEO of the 76ers. (Rethink Investing, Rethink Financing, Rethink Property Lawyers & Rethink Property Insurance).<br><br>Rethink Investing is a BRW Fast 100 company (2017 & 2018) and Australia's largest and most experienced buyer's agency for commercial property investors . The 76ers went from being valued at $415 million in 2013 to a current value of $2.5 billion, according to Sportico. For 20 years, ONeil spent weeknights and weekends in basketballs most vaunted venues. Success comes at a cost. a ch H Lang District H Lang, Cao Bang S in thoi:. Im kind of OK with messy. Im ready to find another mountain to climb.. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. Scott S. Smith has had over 2,000 articles and interviews published in nearly 200 media, including Los Angeles Magazine, American Airlines American Way, and Investors Business Daily. But, he said, the job was the most fun I have ever had, because every day brought a new opportunity to learn and develop.. The pandemic was terrible, but "it forced us to check ourselves, slow down, and to pause time and space to reflect on the lives we were leading." He also helped create HBSE Venture Fund and HBSE Real Estate to round out the portfolio. He has reached an agreement to sell his stake. But I think Ive done what I came here to do.. The grandson of Scottish immigrants, ONeil grew up in near-poverty until his dad struck it big in leadership-development training. It was my dream job.". He and HBSE partners Josh Harris and David Blitzer reached an agreement on a buyout of that stake, ONeil said, without providing specifics. Tell them what you are going to tell them, then tell them, and summarize what you just said. His departure comes at a time the Sixers are in transition on and off the court. Scott O'Neil, 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. I like big opportunity. While he wasnt specific, ONeil said he would like to build another platform in sports, entertainment, media and technology. "During my time there, we invested over $1 billion to keep the World's Most Famous Arena the greatest on the planet. The team last year hired high-profile coach Doc Rivers and a high-profile president in Daryl Morey, grew Embiid into an MVP candidate, and boasts more than 14,000 season-ticket holders. The Sixers' parent company, HBSE, has yet to name a replacement for their outgoing lead business executive. Scott O'Neil is one of America's most admired sports executives, CEO of the Philadelphia 76ers and author of Be Where Your Feet Are. Add another task to the Philadelphia 76ers offseason to-do list. I think Im going to build another platform, ONeil said Tuesday. the Sixers' Managing Group, Harris Blitzer Sports & Entertainment CEO Scott O'Neil, stepped down . Get this delivered to your inbox, and more info about our products and services. Im leaving because its time, ONeil told the Associated Press. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth. O'Neil announced Wednesday he was leaving Harris Blitzer Sports & Entertainment after he helped lead scores of projects under the HBSE banner such as the Grammy Museum at . Scott ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. A few years later, however, a former work partner split off and started a rival company. 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. Data is a real-time snapshot *Data is delayed at least 15 minutes. Hes not at Madison Square Garden, home of the New York Knicks, where he once served as president. Youd be hard-pressed to say that COVID and the social and racial justice movements didnt change our outlooks; didnt change our interest in changing the world in different ways, ONeil said. The last six years have changed the way O'Neil sees the world, he said. 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. Scott O'Neil . Got a confidential news tip? The city is already set to host Major League Baseball's All-Star Game at the Phillies' Citizens Bank Park that year. Its value under his direction increased five-fold, but he stepped down in June 2021 to pursue new ventures. ONeil has also been serving as co-managing partner of Elevate Sports Ventures, a consulting firm launched in 2018 by HBSE and the San Francisco 49ers. 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. Scott O'Neil (second from right) huddles with the officials and then-coach Brett Brown (left) before a 76ers game. In the role he is departing, O'Neil also served as CEO of the Sixers, the New . I also discovered that failure can actually be a greater teacher than success.". However, the team finished with a 19-30-7 this season and haven't made the playoffs since 2018. July 8, 2013, 11:36 AM. . O'Neil served as CEO of Harris Blitzer Sports and Entertainment, which owns the Sixers and National Hockey League's New Jersey Devils. On behalf of everyone at HBSE, we thank Scott for his transformational leadership, drive and passion, and we look forward to celebrating his future successes.. The Process hasnt produced even one parade. Philadelphia 76ers incoming Chief Executive Officer Scott ONeil speaks to reporters at the teams NBA basketball training facility in Philadelphia on Monday, July 8, 2013. Scott ONeil is stepping down as CEO of the 76ers to focus on other projects. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. RotoWire names five under-the-radar players who could add value to your rosters as we approach fantasy playoffs. Its become a Christmastime tradition, of sorts indicative of a desire to focus on relationships, to focus on his faith and family. Then call me.". 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. Im ready. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches Kiras basketball team. The Journal notes that Merlin Entertainments is second in size only to Disney in the theme park space, with more than 140 attractions in 24 countries, featuring partnerships with Lego, Hasbro . Join Facebook to connect with Scott O'Neill and others you may know. Add another task to the Philadelphia 76ers offseason to-do list. My world view has 100% changed, ONeil said. Laugh and cry with you, even when you aren't in the mood. The Wall Street Journal's May 8, 2021, print edition featured Scott O'Neil, CEO of the Philadelphia 76ers and the New Jersey Devils. 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. I would like to thank Josh Harris and David Blitzer for inspiring, engaging and empowering me to bring together the most talented executive team in sports and entertainment, ONeil said. Scott O'Neil, chief executive officer of the Philadelphia 76ers in New York, Sept. 26, 2016. He was also away from home 150 nights a year. At the time, he and Lisa had a 1-year-old daughter at home. PHILADELPHIA (AP) Scott O'Neil, the CEO of the parent company that owns the . . O'Neil was shocked when a mentor suggested he consider his own responsibility for his dilemma: he needed to travel less and build relationships at headquarters by finding out how he could help other executives, rather than just promoting his own ideas. PHILADELPHIA (AP) Scott ONeil, the CEO of the parent company that owns the Philadelphia 76ers and New Jersey Devils, has resigned after an eight-year run in which he shepherded The Process and the Prudential Center. The Sixers were eliminated in the second round of the Eastern Conference playoffs after they earned the top seed. Here's what the O'Neil All-Star lineup looks like:-Sean O'Neil, 47, Founder and Chief Operating Officer at Merchant Pro Express a credit card processing company-Scott O'Neil, 46, Chief Executive Officer of the Philadelphia 76ers, the New Jersey Devils and the Prudential Center His ambition, strategic outlook, and innovative mindset have been and will continue to be instrumental to the long-term success of our business. Below, a portion of the release. Im leaving because its time, ONeil said by phone. In 2020, the Sixers captured the division title for the first time in 20 years. Questions for Scott O'Neil, CEO, Harris Blitzer Sports and Entertainment, Ownership Group of the Philadelphia 76ers and New Jersey Devils 1: There is so much to talk about regarding the current state of the sports industry, where we are headed, what the future looks like, employment and growth - but I want to dive into your book first. Rethink Investing is a BRW Fast 100 company (2017 & 2018) and Australia's number one buyer's agency for commercial property investors. All Rights Reserved. Ask NBA Commissioner Adam Silver about ONeil, and he throws around words like talented and smart, pointing to his proven track record of success. HBSE first hired ONeil as its CEO in 2013. Its his daughters high school basketball game, and hes the coach. The Pennington School girls varsity basketball team takes a seat on the bench before starting a game in Pennington, N.J., on Monday, Dec. 6, 2021. Scott O'Neil Retweeted. He also spent nearly a decade in the NBAs team marketing and business operations division, known in the industry as TMBO. And on Tuesday, long-time play-by-play TV announcer Marc Zumoff announced his retirement. Theyre driven enough. O'Neil announced . He wont go far, he said. He pledged that he would: But it all starts with being fully present. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras team. Sixers CEO Scott O'Neil explains why. But I think Ive done what I came here to do.. On Wednesday, O'Neil announced he is stepping down from his position with both the Sixers and . "I was 100% where my feet were and focused on what was in front of me. Lauren Woodroffe, the team manager for the girls varsity basketball coach at The Pennington School, checks the scorebook in Pennington, N.J., on Monday, Dec. 6, 2021. ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. Christopher Goodney | Bloomberg | Getty Images. His proper title grew to become CEO of not just the 76ers but, as the ownership group expanded its interests, of also Harris Blitzer Sports & Entertainment. O'Neil was a limited partner in Harris Blitzer Sports & Entertainment, whose assets include the 76ers, Devils and the Prudential Center. ONeils leadership and role as a change agent within the sports and entertainment industry was widely lauded, as Philadelphia Magazine recognized him one of the Most Innovative Leaders in Philadelphia. Scott O'Neil, chief executive of the NBA's Philadelphia 76ers and the NHL's New Jersey Devils, reflects on the challenges of the pandemic, conversations about social justice, the future of US . In the article, which highlights O'Neil's philosophy that failure is the best teacher, O'Neil outlines potential setbacks he has experienced in his career, including being pushed out of his "then-dream job" as president of New York's Madison . A Villanova grad who once worked for the Eagles, ONeil was raised in Newburgh, N.Y., but hes a Philly guy now. 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. Scott ONeil has stepped down as CEO of the Philadelphia 76ers and New Jersey Devils, ending an eight-year run in which he helped develop one of the worlds largest sports and entertainment companies. We've received your submission. Oh, yeah. The man who oversaw The Process is done processing. By Elder Sikahemas count, it morphed into a five-minute standoff. Scott M. O'Neil had a seemingly charmed life in 2008. Scott O'Neil's Tweets. We want to hear from you! AFTER EIGHT SUCCESSFUL YEARS WITH HARRIS BLITZER SPORTS & ENTERTAINMENT, CEO SCOTT O'NEIL TO PURSUE NEW OPPORTUNITIES. County Hall Arts(CHA) . Scott O'Neil on the court of the Philadelphia 76ers' practice facility in Camden, N.J., April 26. June 30, 2021 12:00 pm ET. . Did that influence his decision to depart? Durant, a four-time scoring champion, now sets his sights on Hakeem Olajuwon in 12th place. "Along the way, I fell in love with learning, something that became a lifelong pursuit," O'Neil said. Im ready to go.. NBA.com is part of Warner Media, LLCs Turner Sports & Entertainment Digital Network, *Translations are limited to select pages, Sixers announce exit of longtime CEO Scott ONeil, Zumoff, longtime voice of 76ers, set to retire, Huerter, Young shine in 4th; Embiid not enough, 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. I think that the right person coming in here will be a wonderful steward of this brand for years. Philadelphia 76ers CEO Scott ONeil will no longer be a part of the process, as he plans to leave the team and seek out other opportunities. 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. scott o'neil 76ers net worth. A professor told him that he should, instead, regard them as 900 friends who could help him and recommended he try to assist them (a third spoke English as a second language, for starters). It will, ONeil pledged: And Ill be on Broad Street, throwing candy at them., ONeil does not consider winning it all the only gauge of his success. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. June 30, 2021 8:04 AM. 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. 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). 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). O'Neil resigned after an eight-year . The intense drive to crush his competitor ironically led to the failure of his own business, and his marriage soon followed. 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. After spending eight seasons as the CEO of Harris-Blitzer Sports & Entertainment, the managing group of the NBA's Philadelphia 76ers and NHL's New Jersey Devils, Scott O'Neil plans to step down . As the CEO of the Philadelphia 76ers, the New Jersey Devils and the Prudential Center, Scott O'Neil lives and breathes sports. T. O'Neil was with Harris Blitzer Sports & Entertainment for eight years. I love this team. 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. I write about sports and the issues that surround them. Scott ONeil, 51, head coach for The Pennington School girls varsity basketball team, watches his team play against Solebury School in Pennington, N.J., on Monday, Dec. 6, 2021. Besides, ONeil is set for life. O'Neil's favorite leadership book, which he urges colleagues read to help them be as objective as possible about their biases and decisions, is Leadership and Self-Deception from the Arbinger Institute. It wasn't Doc Rivers and Daryl Morey, Ben Simmons' dogged refusal to shoot, or even all of the losing. View the profiles of people named Scott O'Neill. Who is new Runnin Ute Keba Keita and how is Utahs 2022-23 roster shaping up? But we already know that, so fight off your instincts and take some time and space to decompress. Aron will remain on the team's board of . value of the HBSE assets has mushroomed. This is my home., READ MORE: The Sixers should target Damian Lillard in a Ben Simmons trade | Keith Pompey. Its value under his direction increased five-fold, but he stepped down in June 2021 to pursue new ventures. Scott ONeil, who until this past summer was the CEO of the Philadelphia 76ers for eight years, now coaches his daughter Kiras basketball team. Last week, during a holiday trip to Utah, ONeil rented out a Salt Lake City-area Shake Shack to gather with local friends and family members. Scott ONeil is stepping down from his role as CEO of Harris Blitzer Sports & Entertainment, the company which owns the New Jersey Devils and Philadelphia 76ers, the teams announced on Wednesday. Scott O'Neil, shown here in a file photo from 2013, has resigned as the CEO of the parent company that owns the Philadelphia 76ers and New Jersey Devils. The franchise value Devils declined 4% and now worth $530 million, according to Forbes. By 26, he was newly married and director of corporate sales for the Philadelphia Eagles National Football League team. 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. I want people to know that Josh and David care about this organization, care about winning and they put the resources into it.. Im not riding off into the sunset, ONeil said in an interview. His recently published book, titled Be Where Your Feet Are, is about the importance of being balancing a professional career with home life. The Sixers and their controversial, imperfect, and incomplete rebuilding strategy were not ONeils sole responsibilities. 1. Do something for your mind, something for your body and something for your soul every day, ONeil writes in his book. That helped the team rank 12th on the Sports Innovation Lab's 25 most innovative teams in the world. A Division of NBCUniversal. PHILADELPHIA (AP) 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 in which he shepherded The Process and the Prudential Center. Click below to read our review of the best business formation services! 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.".