I don’t pretend to believe that NFL and NHL owners inherently know how to navigate the complex industries they operate in. Some get it innately because they’re extremely savvy businesspeople. The good ones learn it eventually but usually after some trial and error. The best ones know how to ask the right questions of the right people at the right times. The Pegulas strike me as insulated novices who tend to follow their “guts” more often than not.
Rex and McD have very little in common EXCEPT that I can see both of them oozing confidence during the interview process. Both men could steelily stare the Pegulas in the eyes and say, confidently and with a clenched jaw or a fist on the table for effect, “Don’t worry, I got this. I can turn this around.” And then Kim turns to Terry on the way out of the interview and says, “I don’t know, something about him just really reassured me. It feels like he’s the one who can fix this thing.”
Billion dollar businesses shouldn’t work that way.