|
Pam
Shriver proved an enduring success on the tennis
court. Her 19-year professional career (1978-1997),
her numerous doubles championships, the respect
she has earned - and kept - in
the world of sports, and her upcoming induction
into the International Tennis Hall of Fame this
July all testify to her greatness.
Shriver holds a remarkable 21 singles titles and
112 doubles titles, many of which she won with her
long-time doubles partner Martina Navratilova -
including sweeping all four majors (the Australian
Open, the French Open, Wimbledon, and the U.S. Open)
in 1984 to capture the elusive "grand slam" in doubles.
Shriver
obviously made a name for herself in the world of
tennis. She also has branded her name onto various
successful endeavors in the corporate world and
excelled in that realm, as well.
The
Mind of a Businesswoman
Today, five years after retiring from the pro circuit,
Pam Shriver is a busy woman.
She
is a well-respected commentator and tennis analyst
for CBS, the BBC, and ESPN. She serves on the United
States Tennis Association (USTA) Board of Directors
and is president of the USA Tennis Foundation.
She
also oversees her own company, PHS Ltd., which is
involved in charitable activities, and she is a
minority partner in the Baltimore Orioles baseball
team.
Friendly
and outspoken, Shriver is a woman who knows her
mind and readily shares her opinions about tennis,
the Olympics, running a business, and juggling priorities.
Shriver
said she evaluated the offer to invest in the Baltimore
Orioles just as she would any other business deal.
She said the amount she was asked to invest, "was
sizable, but not uncomfortable. I could live with
it if it vanished, but it was well into six figures."
Before
she could evaluate the offer, Shriver says she had
to first overcome the emotional temptation of investing
in a ball club like the Orioles.
"My
emotions were tied up in it, and that is not always
a great thing," she explains. "I had to separate
it, to look at the hard-core business."
Shriver says she took the plunge and invested because
she believes that sports properties are appreciating
in value. She describes her holding in the team
as "a very small percentage" and adds that it is
"less than 1 percent."
Shriver's
approach to the Baltimore Orioles investment offer
is not unusual. In fact, she uses that same business
acumen on a number of projects, and it has served
her well.
For 13 years, she owned a tennis club in Baltimore.
Now, she oversees PHS Ltd., a company that plans
and publicizes-and arranges for tennis greats and
celebrities to participate in-the annual Chevy Chase
Bank Tennis Challenge, a charity event that's been
held in Baltimore every year for the past 16 years.
Currently,
Shriver is working with others on a coalition bid
to bring the 2012 Olympics to the Washington, DC-Baltimore
area. Shriver says her experiences in the 1988 Summer
Olympics in Seoul, Korea made her "a real believer"
in the spirit of the Olympics and that she is excited
about the prospect of the Games being held in and
around the nation's capital. (Shriver and doubles
partner Zina Garrison won the gold medal in doubles
at the 1988 Olympics.)
"I think it would be fantastic for the whole region,"
she explains. "I am from Baltimore, and it would
be good for my home area. The legacy it leaves behind
is really important. It affects the lives of young
people, not just the bricks and mortar, but the
athletic competition. The athletes dedicate themselves
to a goal, and they must work hard, survive loss,
and be resilient."
"There
are a lot of qualities to sports," she adds, "and
I really feel some of the intangibles. The Olympics
leave a stamp, changing an area forever."
The
Heart of a Volunteer
Shriver's company, PHS Ltd., is in its 17th year
coordinating the Chevy Chase Bank Tennis Challenge,
an event that benefits the Baltimore Community Foundation
(BCF). The Challenge has a reputation as a first-class
event and is a major part of the charitable and
sports schedule in Baltimore. Its popularity is
buoyed by the fact that it offers the only high-level
tennis played in Baltimore.
Last
year, Andy Roddick played Andre Agassi in the Challenge.
This year's players will be decided by September.
The Challenge also includes a celebrity doubles
match every year, which in the past has included
athletes such as former Orioles team members Cal
Ripken, Jr., Brady Anderson, and B.J. Surhoff.
All
funds raised through the Challenge go to the BCF.
To date, the Challenge has raised more than $3 million,
and the BCF has used the funds to award grants to
various charities, including the Cystic Fibrosis
Foundation, the Boys & Girls Clubs of Central Maryland,
and the Maryland Special Olympics, among many others.
Shriver
says she does not make any money on the event and,
in fact, since she personally spends time on it,
the event "actually costs me money." But, she says
it's still well worth it.
"The main thing I am interested in is seeing tennis
growing at the grassroots level," she says. "I am
in the business of charity. Lots of athletes do
good things.
"I never benefit from the event other than joy.
We use a big organization with a board of directors
as a guiding light, and the partnership with the
Baltimore Community Foundation is important to us.
I didn't want to start my own foundation. Why recreate
something that already exists?"
A
Love of Tennis
The Challenge is not her only tennis-related voluntary
effort. In fact, Pam Shriver spends much of her
time doing volunteer work. For instance, she is
in her third term as one of the 15 members of the
Board of Directors of the USTA, the governing body
of tennis in the United States.
"The
USTA has a $200 million annual budget and, as a
member of the Board of Directors, I am involved
in a lot of things," Shriver says.
That may be somewhat of an understatement. Shriver
herself estimates she spends "50 to 60 days a year"
on USTA business, largely because she is such a
proponent of the game.
"Tennis is a great lifetime sport," she says. "It
is one of the few gender-friendly sports, and it
is a global sport. Tennis is played in virtually
every country in the world."
The USTA owns the U.S. Open, which is the fourth
major every year. Shriver calls the Open "an incredible
business." It earns money for the USTA, and the
USTA funnels that money back into tennis to grow
the sport by providing leagues and other benefits
for its 600,000-plus member players.
In
addition to her USTA Board duties, Shriver also
serves as president of the USA Tennis Foundation,
a USTA subsidiary. Shriver says the Foundation focuses
on "building lives through tennis and education."
"The skills are very similar between tennis and
school," she explains. "Concentration is one skill
used in both-you need to concentrate to learn, and
you can go to the tennis court and concentrate on
applying hand and eye coordination."
Shriver believes there also are many parallels that
can be drawn between the skills it takes to be successful
at tennis and those it takes to be successful at
business.
"It
is endless - the similarities," she muses.
"How you get a business to grow, how you get what
you want. You need really good people skills. So
much about business is focusing on problem solving
and people skills.
"In
a sport, when you have a partner in doubles, for
instance, there's how to communicate with your partner
and get the best out of them. Being reliable is
important. On the doubles court, that means showing
up on time and being aware of the strategies to
help you win. It is the same end goal in business."
As
if she's not busy enough already, Shriver's broadcasting
career also keeps her hopping.
She appears most often on ESPN and CBS and covers
the Australian Open, the tournament at Indian Wells,
CA, the NASDAQ-100 Open in Key Biscayne, FL, and
the U.S. Open. She also works for the BBC during
Wimbledon and this year will cover the French Open
for ESPN.
If there's a downside to all her activities, Shriver
says it's being on the road so much.
"The travel is no fun anymore," she explains. "After
so many years, I'd like to be home a little more.
My work has always been on the road."
But, there obviously are many upsides, too, and
Shriver remains a wonderful advocate for tennis
and what it teaches us, not only about ourselves
and our skills, but also about our interactions
with others.
LESLIE
ATKINS is an award-winning feature writer who specializes
in travel, sports and fitness topics. The owner
of LA Communications, LLC, a Washington, DC-based
advertising and public relations firm, she can be
contacted at 202-223-1865 (e-mail: LAtkinsCom@aol.com).
|