Alex Tunbridge: Cambridge United CEO, ‘From Transforming Cambridge to the Best Football Pyramid in the World'
Release Date: 11/05/2024
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Jeff Shi, Wolves Chairman: ‘How to Succeed in the Premier League & Be Financially Sustainable’
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info_outlineThis week we are joined by Cambridge United CEO Alex Tunbridge. Last week, Cambridge was in the news for activities off the pitch, as they unveiled a full rebrand of the club, most notably revealing a new crest to create a more modern and digital feel to the branding of Cambridge, while importantly maintaining the heritage and culture so valuable to its historic identity.
Some of you may start to think we’ve got a bit of thing for League One clubs, and you may not be wrong. But when it comes to the business of football, they are some of the most intriguing organisations in the game. You face the constant challenge of chasing the gold in the Championship and Premier League, but also trying not to overstretch yourself financially and drop out of the league. How do you justify a pound spent away from the pitch? It’s our new favourite theme.
Alex and Cambridge have been one of the most ambitious when it comes to value creation away from the pitch. New training facilities, club rebrands, stadium developments, matchday experience; all of these indirectly create a value in the club to position it for long-term success. But can success off the pitch be replicated on it? This is a conflict in ideology we love to talk about, and we love what Cambridge are doing.
In today’s show we discuss:
Spending away from the pitch:
- How a full rebrand of Cambridge United came about, and why it is so important to make sure your visual identity is fit for the modern age.
- Why did the club build a new £3.5m training complex and how do you justify significant spend on infrastructure when the money could be spent on improving the team?
- Spending on non-performance shows long term strategy; how do you get fans onside and bring the fans on the journey with you?
- How difficult is it to build value into a club while operating on budgets of less than £10m?
The role of a CEO:
- How did Alex become CEO of Newport County at the age of 29?
- What are the hardest jobs you have to take on when leading a football club?
- ‘Working in football is not a job. It’s a way of life’; the need for a top executive to be all in and commit fully to the development of the club.
- Does the CEO get involved with the football side of the business?
- The story of bringing the iconic Burger King deal to Stevenage and the value of new age digitalised commercial inventory.
The business of the football league:
- ‘The Premier League is the best league in the world, but our football pyramid is the best pyramid in the world’. How do we protect the pyramid?
- How much do Championship, League One and League Two clubs get from the current media rights deal?
- Where do the biggest challenges lie from a business perspective when running a football club in 2024?
- How can we protect the competitive balance of the leagues but also encourage teams to continue development and push boundaries to improve the product?
Click here to see the full rebrand announcement & video:
https://www.cambridgeunited.com/news/new-club-identity-revealed
A huge thank you to our amazing partners:
WSC Sports
Tyndall Investment Management