Dr. Patrick Rishe s Curriculum Vitae Introductory Bio

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1 Dr. Patrick Rishe s Curriculum Vitae Introductory Bio Dr. Patrick Rishe is the Director of the Sports Business Program at Washington University in St. Louis, as well as a Senior Lecturer of Management. He also is Founder and President of the sports consulting firm Sportsimpacts, as well as a contributing Sports Business writer for Forbes.com. Academically, he has published over a dozen academic papers in peer-reviewed journals, including Sport Marketing Quarterly and the International Journal of Sport Finance. In the classroom, he has taught Sports Business courses at UCLA, Saint Louis University, and Pepperdine University, has been a guest speaker at Harvard s Sports Law Symposium and NYU s Tisch Graduate School of Sport Management, and recently moderated a ticketing panel at the 2015 MIT Sports Analytics Conference and a stadium economics panel at the 2015 Stanford University s Sports Innovation Conference, hosted by their graduate business school. Prior to joining Washington University, Dr. Rishe enjoyed a distinguished 16-year career in the Walker Business School at Webster University, where he reached the rank of Full Professor in Spring 2013 and was nominated for the illustrious Kemper Teaching Award in Spring During the academic year while on sabbatical at Loyola Marymount University in Los Angeles, he won the Curis Personalis Award in Spring 2015 from LMU s Economics Department. As the Founder and President of Sportsimpacts, Dr. Rishe s firm has conducted over 80 economic impact studies including 2 Super Bowls, 3 Final Fours, and a Ryder Cup. Additionally, he has long-standing ties with the National Association of Sports Commissions (which serves over 400 sports commissions and tourism agencies across America) through the creation/refinement of their economic impact calculator. Additionally, Dr. Rishe has been a contributing OpEd columnist for FORBES.com since 2010, where he has published over 600 pieces which have garnered over 4 million readers. In related media works, his insights on topical sports business issues have appeared on various national media outlets such as CBS News, CNBC, Bloomberg TV, CNN, Fox Business, New York Times, USA Today, Wall Street Journal, L.A. Times, ESPN Radio, Fox Sports Radio, Marketplace Radio, and NPR. Dr. Rishe holds a PhD in Economics from Binghamton University (N.Y.), and a Bachelors and Masters degree in Economics from the University of North Carolina at Charlotte. He is originally from Potsdam, NY, a small college town in Northern New York located 20 miles from the Canadian border, and home to Clarkson University and the State University of New York at Potsdam. An avid outdoor enthusiast, his passions including running, cycling, hiking, golf, tennis, soccer, and hockey. He enjoys vacationing on the west coast during the summers, with particular affinities towards Los Angeles and Vancouver. 1

2 Dr. Patrick James Rishe (PhD, Economics) or Director, Sports Business Program, Washington University in St. Louis Founder and President, Sportsimpacts (www.sportsimpacts.net) Sports Business Contributor, Forbes.com (www.forbes.com/sites/prishe) CV Outline Summary of Achievements.Page 3 Educational, Teaching, and Service Background Pages 4-6 Academic Publications and Conference Presentations..Pages 6-9 Professional Consulting Background Pages Invited Guest Speaking Appearances Pages National Media Engagements.Page 14 2

3 SUMMARY of ACHIEVEMENTS Current Professional Titles: Director, Sports Business Program, Washington University in St. Louis (As of June 2015) o Additionally, Senior Lecturer of Sport Management Founder/President, Sportsimpacts (2000-Present) Sports Business Contributor, Forbes.com (2010-Present) Academic Achievements: 15 articles published in peer-reviewed journals (5 of which in 2014 alone click here to learn more), and 2 large projects afoot for Spring/Summer 2015; In 2015, moderated Sports Business panels at both MIT and Stanford; In a 16-year career at Webster University, achieved tenured, reached rank of Full Professor, and was nominated for Kemper Teaching Award in Spring 2015; During the academic year on sabbatical, earned the prestigious Cura Personalis Award while a Visiting Economics Professor at Loyola Marymount University (LA); Since 2010, earned invitations as guest speaker on Sports Business topics at Harvard University, New York University, UCLA, University of British Columbia, and Saint Louis University Invited Lecturer for Sports Economics courses at Washington University (St Louis), Saint Louis University, Pepperdine University, and UCLA. Consulting and Media Achievements: Over 80 sports-related Economic Impact studies completed since 2000, including 2 Super Bowls, 3 Final Fours, and serving as expert economist in the high-profile 2012 Manny Pacquiao defamation lawsuit; Completed projects for over 20 Division I NCAA Championship events, several college bowl games, and economic impact studies for two of America s largest athletic departments (Ohio State, University of Texas); Attracted over 2.4 million readers for 750+ Sports Business OpEd articles authored since May 2010; Monthly national media appearances (e.g. CNBC, Bloomberg TV, FoxBusiness, CNN) discussing topical Sports Business stories, including two appearances on CBS Evening News and 4 appearances on CNBC s Squawk Box the last 2 years (click here for sample). Service and Curricular Achievements: As Webster s Economics Program Director within the Business School s Business Department, designed an Economics Flex-Track (implemented in 2011) which enhances students options to pursue their economic studies with different tracks (e.g. Business, Math, or Liberal Arts); Collaborated with Webster s Entrepreneurship Director to create a Sports Business track (implemented in Fall 2013) for their Entrepreneurship program, which necessitated two new courses I created (Business of Sports, Sports Operations and Logistics); During the year at Loyola Marymount, organized Sports Speakers Series in both Fall and Spring Semesters, and helped created their inaugural Sports Studies Club, which toured numerous sporting events in Spring 2015 while networking with local sports industry executives. 3

4 EDUCATION Doctorate of Philosophy in Economics June 1997 State University of New York Binghamton (Vestal, NY) Dissertation: Testing Betting Market Efficiency in Professional and Collegiate Football Areas of Specialization: Labor Economics, Urban Economics Masters of Science in Economics August 1993 University of North Carolina Charlotte (Charlotte, NC) Bachelors of Arts in Economics May 1992 University of North Carolina at Charlotte (Charlotte, NC) ACADEMIC EXPERIENCE Washington University in St. Louis, Olin Business School Director, Sports Business Program Senior Lecturer, Sport Management (June 2015 to Present) June 2015 to Present June 2015 to Present Courses Taught: Business of Sports (Fall 2014, 2015), Intermediate Microeconomics (Fall 2015, Spring 2016) Curricular Development: Including the recruitment of private sector sports industry professionals who will create Course Guides for new curricular programming for courses spanning topics such as Sports Law, The Business of Sports Commissions and Event Bidding, The Business and Marketing of College Athletics, The Business of Olympic Sports, and The Business of Sports Ticketing, Revenue Creation, and Strategic Management. Departmental and University Service: (1) Create/Organize Inaugural Olin Sports Business Summit Will feature 15 panelists with national reputations within the sports industry. (2) University Marketing and Public Relations Contributions vis-à-vis Regional and National Media Engagements 4

5 Webster University, Walker Business School (St Louis, MO June 1999 to May 2015) Full Professor of Economics June 2013 to May 2015 Associate Professor of Economics June 2003 to May 2013 Assistant Professor of Economics June 1999 to May 2003 Courses Taught: Principles of Microeconomics, Principles of Macroeconomics, Business Statistics (both undergraduate and graduate), Intermediate Microeconomics, Labor Economics, Topics in Economics: The Economics of Sports (both undergraduate and graduate), Managerial Economics (graduate), Econometrics. Departmental and University Service: (1) Program Coordinator for Economics (2009-Present) Designer of Economics Flex-Track Program (Beginning Fall 2011) Designer of Sports Business Entrepreneurship Certificate (Beginning Fall 2013); Including 2 new course designs (Economics of Sports, Sports Operations and Logistics) (2) University Marketing and Public Relations Contributions vis-à-vis Regional and National Media Engagements (2005-Present; See Media Appendix) (3) Engagement in Student Recruitment Efforts (2005-Present) Annual Participation at Freshman Day, Transfer Day, Visit Local Comm Colleges (4) Assessment Contributions within School of Business (2006-Present) Initial development of Program Learning Outcomes for Economics; Construction of Faculty Course Guides, Sample Syllabi for 6 ECON and BUSN courses; (5) Community Service as Brand Ambassador for the University Sports Business Symposiums (Spring 2005, Spring 2006, Spring 2012) Local TV and Radio Appearances (2005-Present) (6) Faculty Athlete Representative ( ) (7) Coordinator of SBT s Internship Program ( ) (8) Commencement Contributions as Reader of Names (2003-Present) (9) Served on Various Business Department Hiring Committees 5

6 Other Teaching Appointments Loyola Marymount University (Los Angeles, CA) August May 2015 o Visiting Economics Professor (During Sabbatical from Webster) Winner of LMU s 2015 Cura Personalis Award (Econ Dept) Invited Sports Economics Lecturer Present o UCLA (Summers; ) o Pepperdine (Summers; 2008, 2011) o Washington University (Fall 2007, Fall 2014) o Saint Louis University (Fall 2010, Fall 2012) o University of Nevada-Reno (Summer 2010) One-Year Visiting Economics Lecturer Appointments o University of North Carolina Charlotte June May 1999 o Indiana University Southeast July May 1998 ACADEMIC PUBLICATIONS Peer-Reviewed Academic Articles 2014 and 2015 alone Secondary Market Behavior during College Football s Postseason: Evidence from the 2014 Rose Bowl and BCS Championship Game, International Journal of Sport Finance (Forthcoming, 2015). - Lead Author; Co-Authored with Brett Boyle (Saint Louis U) and Jason Reese (S.F.Austin) How Event Significance, Pent-up Demand, Playoff Oversaturation, and Series-clinching Euphoria Can Impact Secondary Market Behavior in Major League Baseball s Postseason (Dec 2014), Journal of Sport Management and Commercialization, Volume 6. - Lead Author; Co-Authored with Brett Boyle (Saint Louis U) and Jason Reese (S.F.Austin) How Event Significance, Team Quality and School Proximity Impact March Madness Markups (Fall 2014), Sport Marketing Quarterly, 23(4), Lead Author; Co-Authored with Mike Mondello (Univ of S Florida) and Brett Boyle (SLU) 6

7 "Do Mobile Sporting Events Produce Net Increases in Tourism, Local Hotel Revenues, and Overall Economic Impact? Evidence Using Smith Travel Research Data" (Fall 2014), Mustang Journal of Business and Ethics, Volume 7, Solo Authorship Pricing Insanity at March Madness: Exploring the Causes of Secondary Price Markups at the 2013 Final Four (June 2014), International Journal of Sport and Society, 4, 2, pp Solo Authorship *** Note that 2 of the 5 publications (International Journal of Sport Finance, Sport Marketing Quarterly) are among the top 5 journals within the Sport Management genre. Peer-Reviewed Academic Articles Prior to 2014 "Comparative Economic Impact Analyses: Differences Across Cities, Events, and Demographics A Reply" (co-authored with Mike Mondello), Economic Development Quarterly, May 2006, Vol 20, "Comparative Economic Impact Analyses: Differences Across Cities, Events, and Demographics" (co-authored with Mike Mondello), Economic Development Quarterly, November 2004, Vol 18, 4, pp "Variable Ticket Pricing in Major League Baseball: A Case Study of the 2002 St. Louis Cardinals" (co-authored with Mike Mondello International Journal of Sport Management, Fall Customer Preferences and Variable Pricing: A Case Study from Major League Baseball (coauthored with Mike Mondello), International Journal of Sport Management, Fall Ticket Price Determination in Professional Sports: An Empirical Analysis of the NBA, NFL, NHL, and Major League Baseball (co-authored with Mike Mondello), Sport Marketing Quarterly, June 2004, Vol 13, 2, pp Ticket Price Determination in the National Football League: A Quantitative Approach (coauthored with Mike Mondello), Sport Marketing Quarterly, June 2003, Vol 12, 2, pp A Reexamination of Graduation Rate Differentials Across Student-Athletes and Undergraduates, The American Journal of Economics and Sociology, April 2003, Vol 62, 2, pp Mixed Evidence Regarding the Correlation between Ticket Prices, Fan Costs, and Team Payroll from the National Hockey League, Midwestern Business and Economic Review, Fall "Differing Rates of Return to Performance: A Comparison of the PGA and Senior Golf Tours", Journal of Sports Economics, August 2001, Vol 2, 3, pp Gender Gaps in College Athletics, Social Science Quarterly, December 1999, Vol 80, 4, pp

8 Other Professional Writing Endeavors Forbes.com o Over 750 OpEd Sports Business articles posted since May 2010, which collectively have attracted over 2.4 million readers and 4 million page views; o Visit for a sampling of recent posts. Public Funding: Hail Mary or Touchdown (Atlanta Journal Constitution, May 2012); LA-Area Latino Fans Will Embrace Pujols (Foxsports.com, Dec 2011). CONFERENCE PRESENTATIONS AND PANELIST/MODERATING APPEARANCES 2015 Stanford MBA Sports Innovation Conference, Moderator April 2015; - Moderated a Sports Facility Panel which included the Presidents of both the San Francisco 49ers and San Jose Earthquakes, as well as developers involved with AT&T Stadium in Arlington TX and the new Mission Bay-based arena for the Golden State Warriors MIT Sports Analytics Conference, Moderator March 2015; - Moderated a Ticketing Panel which included panelists from the NFL, NBA, StubHub, and TicketMaster. Pricing Insanity at March Madness: Exploring the Causes of Secondary Price Markups at the 2013 Final Four February 2014, Mustang Journals Academic Conference (Las Vegas Won a Distinguished Paper Award at the Conference) What Do NFL Secondary Ticket Prices Reveal about Fan Avidity? February 2013, Mustang Journals Academic Conference (Las Vegas); Get in the Game: Using Sports Paradigms when Teaching Principles of Economics March 2012, Western Economics Teachers Conference (University of Nevada-Reno); "Comparative Economic Impact Analyses: Differences across Cities, Events, and Demographics"; June 2004, Western Economic Association Meetings (San Francisco); "Variable Ticket Pricing in Major League Baseball: A Case Study of the 2002 St. Louis Cardinals" June 2004, Western Economic Association Meetings (San Francisco); Customer Preferences and Variable Pricing June 2003, Western Economic Association Meetings (Seattle); 8

9 Ticket Price Determination in Professional Sports ; June 2003, Western Economic Association Meetings (Seattle) Participation in Academic Conferences/Seminars Leading to Curricular Integration April 2015, Stanford Sports Innovation Conference (Palo Alto, CA) March 2015, MIT Sports Analytics Conference (Boston) March 2014, MIT Sports Analytics Conference (Boston) March 2013, Harvard Sports Law Symposium (Boston) March 2013, MIT Sports Analytics Conference (Boston) May 2012, Sports Lawyers Association Annual Meetings (San Diego) March 2012, Harvard Sports Law Symposium (Boston) March 2012, MIT Sports Analytics Conference (Boston) March 2011, Western Economics Teachers Conference (University of Nevada-Reno); March 2011, Harvard Sports Law Symposium (Boston) March 2010, Western Economics Teachers Conference (University of Nevada-Reno); February 2010, Sport and Society Conference (Vancouver) Western Economic Association Meetings (Each Summer between ); 9

10 CONSULTING EXPERIENCE Sportsimpacts (St Louis, MO) October Present Founder and CEO o o Responsibilities New client acquisition Entailing marketing through the media and presentations; Project management Entailing client interaction, labor recruitment and supervision; Website creation and management; Entailing choice of website design, updating the site; Analytical and written tasks; Entailing survey design, quantitative analysis using SPSS/IMPLAN, and report writing. Industry Clients have included: Convention and visitor bureaus; City Councils; Urban/regional sports commissions; Professional sports organizations; Professional sports leagues; The NCAA; Law firms; Collegiate athletic departments. Projects have included: Williamsburg VA Youth Sports (2015) NCAA Division I Wrestling (2015, St. Louis) Michigan High School State Basketball Championships (2009, Lansing, MI) Chevy Belle Isle Grand Prix (2012, 2013, Detroit) Presidents Cup Golf Event (2013, Columbus OH) Texas v Oklahoma AT&T Red River Rivalry (2013, Dallas) Elizabethtown (KY) Sports Park (2013, Elizabethtown KY) TicketCity Bowl (2012, Dallas) Loudoun VA Feasibility Study (2012, Loudoun, VA) Plaintiff s Witness in Manny Pacquiao PED Case (2012, Los Angeles) Super Bowl XLV (2011, Dallas) FLW Outdoors Fishing Tour (2011, Multiple) Rockford Parks and Recreation (2011, Rockford, IL) AAU Junior Olympic Games (2010, Virginia Beach) University of New Mexico Athletics Department (2010, Albuquerque) The New Mexico Bowl (2009, Albuquerque) Michigan High School State Basketball Championships (2009, Lansing, MI) Facility Feasibility Study for Lansing, MI (2009, Lansing, MI) Tax Impact Analysis for the St Louis Sports Commission (2009, St Louis) 10

11 Tax Impact Analysis for the Greater Detroit CVB Facility Feasibility Study for the City of Effingham Facility Feasibility Study for the City of Elgin, IL Univ of Texas Economic Impact Analysis ATA World Taekwondo Championships FLW Outdoors Fishing Tour State Fair of Texas National Association of Sports Commissions Dream Cruise (Detroit Metro CVB) Washington Redskins Beach Blitz Dream Cruise (Detroit Metro CVB) AAU Junior Olympics Washington Redskins Beach Blitz Missouri Valley Conference Basketball Tournament Amp'd Mobile Supercross Super Bowl XL Cotton Bowl NFL Feasibility Study (San Antonio) MLB All-Star Game NCAA Men's Final Four Dallas Cup NCAA Division I Championships (10 Olympic sports) Red River Shootout (Oklahoma v Texas) Ryder Cup East Coast Surfing Championships Ohio State Athletics Department NCAA Division I Championships (10 Olympic sports) Economic Damages for Lars Ostvik T-Mobile International Cycling Event AAU Junior Olympics Senior National Games NCAA Men's South Regional (San Antonio) Ohio State Athletics Department St. Louis Cardinals Missouri-Illinois Football Game Rock 'n' Roll Half Marathon NCAA Women's Final Four NCAA Women s Final Four AAU Junior Olympics (Norfolk) NCAA Men s Wrestling Championships (2009, Detroit) (2008, Effingham, IL) (2008, Elgin, IL) (2008, Austin, TX) (2008, Little Rock, AR) (2007, Multiple Cities) (2007, Dallas) (2007, Cincinnati) (2007, Detroit) (2007, Virginia Beach) (2006, Detroit) (2006, Detroit) (2006, Virginia Beach) (2006, St Louis) (2006, St Louis) (2006, Detroit) (2006, Dallas) (2005, San Antonio) (2005, Detroit) (2005, St Louis) (2005, Dallas) ( , 10 Separate Locations) (2004, Dallas) (2004, Detroit) (2004, Virginia Beach) (2004, Columbus, OH) (2004, 10 Separate Locations) (2004, Salt Lake City) (2003, San Francisco) (2003, Detroit) (2003, Virginia Beach) (2003, San Antonio) (2003, Columbus, OH) (2002, St Louis, MO) (2002, St Louis, MO) (2002, St Louis, MO) (2002, San Antonio, TX) (2001, St Louis, MO) (2001, Norfolk, VA) (2000, St Louis, MO) 11

12 INVITED PUBLIC SPEAKING PRESENTATIONS May 2015, Anders CPA Firm (St Louis MO) o For the 3 rd time in as many years (2013, 2014), Anders Director of Sports Law, Michael Barnes, invited me to be the emcee/moderator of Inside the Business of St Louis Sports, a 3-hour symposium at which CLE credits were earned and which attracted a crowd of approximately 200 people from the local business and legal communities; o The 2015 event featured a panel on Sports Media and a panel on Women in Sports ; April 2015, National Association of Sports Commissions (Milwaukee, WI) o Invited by the NASC to present a keynote address on how to conduct Economic Impact studies at sporting events April 2014, National Association of Sports Commissions (Oklahoma City, OK) o Invited by the NASC to present a keynote address on how to conduct Economic Impact studies at sporting events April 2014, Webster University s Orlando campus in Conjunction with Orlando Magic NBA team o Invited by Webster-Orlando site director to present to students, faculty, and alum on topics pertaining to the business of basketball and economic impact of sports; o Presentation was conducted at Amway Center (home to the Magic), and exposed Webster students to potential future internship opportunities. March 2013, Harvard Sports Law Symposium (Harvard Law School, Cambridge, MA) o Invited Moderator by symposium director and Harvard Law Lecturer, Peter Carfagna, to moderate discussion of how sports facilities are trying to enhance consumers in-game experiences; December 2012, Clayton Chamber of Commerce (Sheraton Hotel, Clayton) o Invited by Associate Director (and Webster U alum), Mary-Ellen Tobin, to provide my expertise on recent developments within the local sports business landscape, including (1) Rams stadium financing and (2) NHL Lockout; April 2012, UMB Financial Corp (Corporate Offices, Downtown St Louis) o Invited by Chairman/Chief Executive, Tom Chulick, to provide my expertise on the true economic impact of St Louis Cardinals baseball upon the downtown economy; March 2012, Harvard Sports Law Symposium (Harvard Law School, Cambridge, MA) o Invited Panelist by symposium director and Harvard Law Lecturer, Peter Carfagna, to discuss the financial repercussions of the concussion crisis in the National Football League; 12

13 February 2012, Anderson School of Business, UCLA (Los Angeles); o Invited by Assistant Director of Anderson s MEMES Program, Kevin Weiner, to use my expertise to assess the landscape of a variety of topical sports business transactions within the Southern California; February 2012, NYU Tisch Graduate School of Sport Management (Manhattan, NY); o Invited by Academic Chair, Robert Boland, to use my expertise to discuss the techniques of economic impact calculation for sporting events; January 2012, Simon Fraser College (Vancouver, BC, Canada) o Invited by Undergraduate Finance club to use my expertise to discuss the economics of the NHL; October 2011, TEAMS Conference (Las Vegas) o Invited by the President of the National Association of Sports Commissions (NASC), Don Schumacher, to deliver a Keynote Presentation to over 300 participants on the techniques of calculating the Economic Impact of Sporting Events; March 2011, Harvard Sports Law Symposium (Harvard Law School, Cambridge, MA) o Invited Panelist by symposium director and Harvard Law Lecturer, Peter Carfagna, to discuss the financial repercussions of conference realignments in collegiate athletics; February 2011, Simon Fraser College (Vancouver, BC, Canada) o Invited by Undergraduate Finance Club to use my expertise to discuss the economic impact projections of the 2010 Vancouver Olympics upon the regional economy; February 2011, University of British Columbia (Vancouver, BC, Canada) o Invited by Graduate Marketing Club to discuss topical sports marketing issues; April 2010, NASC Sports Symposium (Columbus, OH); o Invited by the President of the NASC, Don Schumacher, to discuss updates to the Economic Impact Calculator which I designed for their 400+ organization membership; November 2009, Clayton Chamber of Commerce (St Louis Club, Clayton) o Invited by Associate Director (and Webster U alum), Mary-Ellen Tobin, to provide my expertise on the topical local sports business issues of that time; April 2007, NASC Sports Symposium (Omaha, NE); o Invited by the President of the NASC, Don Schumacher, to discuss the newly created Economic Impact Calculator which I designed for their 400+ organization membership; November 2006, The Private Bank (Corporate Offices, Brentwood, MO) o Invited by then-corporate officer, Allan Ivey, to provide my expertise on various financial aspects associated with the first year of operation of the new Busch Stadium; 13

14 July 2005, Commerce Bank (Corporate Offices, West County, St Louis) o Invited by bank official to provide my expertise on the likely economic impact of the new Busch Stadium upon the local economy. NATIONAL MEDIA ENGAGEMENTS Various monthly appearances on national/regional TV and radio discussing current Sports Business Topics; o Including 1 appearance on NBC s Today Show, 2 appearances on CBS Evening News and 6 appearances on CNBC s Squawk Box across the and academic years; o Other TV appearances have included CNN, FoxBusiness, Bloomberg, dating back to 2011; o Radio Appearances include ESPN, Fox Sports, Yahoo Sports; Frequently quoted in newspapers regarding current Sports Business topics; o Including New York Times, New York Daily News, Los Angeles Times, USA Today, Wall Street Journal, and over 20 Regional Business Journals across the U.S.; For an overview of these various engagements, visit the Multimedia section at the Sportsimpacts website (http://www.sportsimpacts.net/multimedia.html). 14

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