Wisdom from a $900 Million Challenge

The Playbook With David Meltzer

In today’s episode, I share my experience stepping into the role of running Lee Steinberg Sports & Entertainment. Unaware of Lee's battle with alcoholism, I found myself leading a $900 million deal to buy the Rams during the 2008 financial crisis. With Lee in rehab, I relied on my background in venture capital and technology to navigate the challenges. Lee's advice—simplify negotiations and avoid doing business with difficult people—guided me through the complexities. This wisdom not only helped close the deal but also played a crucial role in my recovery from bankruptcy, shaping my approach to high-level business dealings.