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"Baseball
has changed my life," says Linda Alvarado, president
and CEO of Alvarado Construction Inc. and co-owner
of the Colorado Rockies baseball team.
"I
used to read the business section first," Alvarado
says. "But now, I go to the sports section first.
I follow baseball with great interest, and I enjoy
reading not just the box scores, but the strategies
of the other teams."
Alvarado
is founder and sole owner of Alvarado Construction,
a large commercial and industrial general contractor,
construction site management, and design/build firm
with corporate offices in Denver, CO. The multi-million-dollar
firm specializes in commercial, industrial, environmental,
and heavy engineering projects across the United
States.
The
Hispanic woman-owned company was incorporated in
1976, and has experienced steady growth since then.
The company has successfully completed numerous
commercial, institutional, government, industrial,
and sports facilities. Currently, Alvarado Construction
is prime contractor on the $360 million Mile Hi
Stadium at Invesco Field, the new home of the Denver
Broncos.
Alvarado
made history as the first Hispanic owner of a major
league baseball franchise. Enterprising Women
spoke with Alvarado on opening day of the Colorado
Rockies 2002 baseball season
Enterprising
Women: Do you have a passion for baseball?
Linda Alvarado: I love baseball. I grew
up in a family with five brothers and no sisters.
We were all very involved in athletics. My father
played recreational baseball and would take us to
watch the games as young children.
As
we grew older, we began playing baseball and other
sports. I was the president of the Girls Sports
Club and captain of the girl's softball team in
high school. I lettered in softball and was the
catcher, following in my father's footsteps. I could
not have dreamed that one day, I would have the
opportunity to own a major league team. Such things
were not thought of for women at that time.
EW:
How did you get involved with a sports franchise?
Alvarado: In 1991, major league baseball
initiated a proposal for interested cities and potential
ownership groups to submit bids for two new National
League expansion teams.
I
joined with a group of men who came together to
form a partnership in response to this invitation.
We met with the governor of Colorado, Roy Romer,
and city officials to propose Denver as one of the
new franchise cities for the National League.
Major
league baseball was looking for successful business
people who would be willing to submit a bid for
the $95 million baseball franchise. We were. I was
the only woman in the group of seven owners.
It
was a once-in-a-lifetime opportunity, and significantly,
it was the first time in history that a woman, not
through marriage, but as an independent entrepreneur,
had become an owner of a major league franchise.
EW:
Are you the only Hispanic woman to participate in
a sports franchise?
Alvarado: Yes, I am the first Hispanic
(male or female) to become the owner of a professional
sports franchise.
While
I thought my ownership was interesting local news,
I had not anticipated the national and international
news this "first" would generate. It was viewed
as a significant breakthrough and created great
feelings of pride for women and Hispanics in this
non-traditional role, generating media and speaking
requests.
EW:
Is there a fit between the sports team and the construction
company?
Alvarado: My career as a commercial general
contractor has been very non-traditional, and professional
sports team ownership by a woman is equally non-traditional.
I
believe that construction and sports are the last
bastions of male dominance. Having grown up in a
very competitive, male environment, I am comfortable
working with men. So, while my career may still
be viewed as non-traditional, I view my path as
one that will open doors of opportunity for other
women and people of color to pursue.
Since
the majority of my employees, clients, architects,
and engineers whom I work with are male, sports
is also a great connection in relationship building
among associates.
EW:
Did you buy into the Colorado Rockies franchise
to promote your construction company, or do you
just like athletics - baseball in particular?
Alvarado: I was attracted to baseball
ownership as a sport that I enjoyed. It is also
significant to mention that I was also drawn to
this sport because of the great number of outstanding
Latino players. Baseball is truly a sport in which
Hispanics excel.
As
a business owner, there is also great value in business
development opportunities and marketing initiatives
through ties with professional sports. For example,
current and prospective clients have the opportunity
to sit on the front row of the dugout or take batting
practice with the team. It is priceless and unparalleled
experience, and one that my competitors cannot replicate.
Baseball tickets and sports memorabilia are also
used as incentives for my employees and their families.
Most
importantly, as an entrepreneur, I was, of course,
very interested in the investment for economic reasons.
Sports franchises have prospered and appreciated
significantly in value over time.
EW:
What is the public relations value in owning a piece
of a sports team?
Alvarado:
In my case, there has been great public relations
value as an owner, as a businesswoman, and as a
community and civic leader.
I
am frequently asked to speak to young people about
my experiences and career path and encourage them
to achieve their hopes and dreams. We donate tickets
to charitable and non-profit organizations for fundraising
events, and contribute tickets to schools to provide
incentives and rewards for at-risk students.
I
also give tours at the stadium, the press box, and
the related sports facilities, speaking with young
girls (and boys) about careers in sports medicine,
journalism, broadcasting, marketing, facility management,
business, and, of course, sports team ownership.
EW:
How did you and your partners put the deal together?
Has the franchise been a success, in your opinion?
Alvarado: The partnership was formed
in 1991 by a small group of respected individuals
with the mutual desire as business leaders to put
together a strong economic proposal to win the new
National League franchise.
Our
franchise celebrates its 10-year anniversary this
season. The team has set high attendance records
over the years as a professional franchise. As the
name intentionally suggests, much like the footprint
of Rocky Mountains, the Rockies draw fans from the
Canadian border to the Mexican border and from states
on both sides of the mountain ranges.
EW:
How many partners do you have in the franchise?
What are your responsibilities as partners?
Alvarado: There are seven partners in
the Colorado Rockies. It is a partnership comprised
of a close-knit group of business people. It is
a private partnership, so ownership is not disclosed.
Each of the owners has a significant investment
in the team, and the managing partner is not the
largest owner. Once, all of the partners invested
at least $1 million.
As
partners, we meet regularly to review payroll, baseball
talent, potential trades, finance, attendance, guest
relations, sales and marketing initiatives, facilities,
and community relations projects.
EW:
Would you recommend buying into a sports franchise
to other women?
Alvarado: I certainly would recommend
sport franchise ownership to other women. However,
the ownership of a sport franchise is more than
the excitement of owning a team. It is a challenging
endeavor to field a winning team and successfully
manage all the aspects of the ball club's front
office and baseball operations.
In
the past, the historic path has been that men who
have successfully operated other businesses have
taken this experience and their substantial financial
resources to acquire and manage professional sports
teams. As women acquire economic stature, we too
desire the same opportunities to buy franchises.
JUDIE
FRAMAN is senior editor of Enterprising Women magazine.
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