Everything Chad Hutchinson said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Hutchinson: Arctos is the only group cleared across four major leagues
“And oh, by the way, they're the one group that can go invest in four, the five big five leagues here in North America and sit across platforms and leagues and help these teams like the Utah Jazz build their version of this platform in Utah and the Rockies.”
Hutchinson: Private equity firms rarely focus on building everlasting organizations
“And I tell you what, private equity, honestly, they're great investors, but it's not of the mindset oftentimes to build like everlasting organizations and to be a part of a firm that is like that from day one, that has been part of the mindset.”
Hutchinson: Negative Biases Against Athletes in Finance Outweigh Access Benefits
“The benefit is you get access to people and things that you may not have gotten given what you've done. But the flip side of that is the other things that are probably negative, and I hate to say this, far outweigh what you actually get positive.”
Silicon Valley tech workers peaking at age 35 is a tragedy
“Like, I think some of the greatest tragedies I've seen in Silicon Valley is folks that peak when they're 35.”
Hutchinson: Contractual debt protections are limited without good partners
“When things go wrong, There's only so much protection that you can build into these type of instruments. Part of it is you just have to have good partners.”
Hutchinson: Sixth Street Mimics Goldman Sachs' Special Situations Group Model
“They built a business that is mimicking the balance sheet of the special situations group at Goldman Sachs. Pricing any risk up and down the capital structure.”
Hutchinson: Institutional investors can now own sports team IP for the first time
“The very first time institutions can own the IP of these teams, and there's so many adjacencies that we can go add value to and invest alongside.”
Hutchinson: Subjective Nuance, Not Modeling Skills, Makes Great Investors
“Everybody knows how to model You learn all these rote skills, but now it's the textures, the art, it's the subjective. It's all the squishy stuff around the edges that is actually what makes great investors.”
Hutchinson: Arctos will add another 20 sports teams to its portfolio
“I'm confident we'll have another 20 teams in that portfolio.”
Hutchinson: Duration mismatch is what most often trips up investors
“If you're an investor and you want to be an investor, it's like understand the why. Also understanding your own why of what is your duration? Like is your duration matched with the expectation of that asset? Today's day and age, that's what gets called out mor…”
Hutchinson: Atlanta Braves offered $1.5M to sign out of high school
“Every day after practice, two days, the Atlanta Braves would have a scout there. Chad, here's a million and a half dollars. You ready to come?”
Hutchinson: Sports culture fosters an unhealthy, self-centered mindset
“That's the problem with sports. The whole world revolved around me when I was in sports. And the minute I actually pulled up and was like, no, no, it's not about me. It's about others.”
Hutchinson: Scott Boras obtained an NFL agent license to represent him
“I get a call from Scott Boris. I was like, oh, I guess you're serious. He's like, good thing. You're the one guy that actually got my NFL license for to be your agent.”
Hutchinson: Starting as an NFL Rookie Hurt His Long-Term Career
“It was probably the worst thing that ever happened to me was I ended up starting most of my first year in the NFL, which I should have just held the clipboard for three years.”
Hutchinson: Distressed debt firm acquired 5,000 loans in four years
“So we ended up buying 5000 loans within a four year time period and built a real nice business, just underwriting distressed debt.”
Hutchinson: Sixth Street Owned the Largest U.S. Contiguous Organic Farm
“When I left, we were one of the largest avocado growers in the U.S. We had the largest contiguous organic farm in the United States, 35,000 acres, where we constructed a really interesting offtake agreement with General Mills.”
Hutchinson: Arctos invested in GeoComply, the backend geolocation tracker for FanDuel
“We just invested in a company called geo comply. They do all the backend geo compliance for the sports betting platforms. So every time you go on and want to make a bet on FanDuel, they are the geo tracker here in every state.”
Hutchinson: Arctos deploys 17 operating advisors to support sports teams
“We have 17 operating advisors. We built an operating platform. We have a playbook that we can roll out and diagnose the business of sport for these teams to say, here's where you're lacking or here's where you're spiking.”
Hutchinson: 25 NFL teams attended his private post-baseball showcase
“30 days later, I held the workout. I had 25 teams out at this workout. So it was my own combine.”
Hutchinson: Transitioned from NFL quarterback directly to 100-hour analyst weeks
“I was NFL quarterback one year, and then I was crunching spreadsheets, hundred-hour work weeks, making coffee the next year, making no money.”