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Squawk on the Street

SOTS+ Authentic Brands CEO Jamie Salter & Inter Miami CF Owner David Beckham 10/12/23

Squawk on the Street

CNBC

Investing, Business, News

4.1567 Ratings

🗓️ 12 October 2023

⏱️ 25 minutes

🧾️ Download transcript

Summary

CNBC's Sara Eisen interviews Authentic Brands CEO Jamie Salter & Inter Miami CF Owner David Beckham about the partnership, Authentic’s growth, the state of retail and Beckham’s Inter Miami team. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

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0:00.0

Pleasure to speak to you both. Thank you for taking the time.

0:04.0

It's an interesting deal. Jamie, just talk us through a little bit how this works, because you,

0:08.0

last year, in a big deal, bought the global rights, basically, to David's brand.

0:12.0

We didn't buy the global rights. We partnered with David Beckham.

0:17.0

We don't like to say buy when you partner up with a live celebrity or athlete.

0:23.8

But you paid.

0:24.8

But we definitely paid money to be partners with David Beckham in perpetuity.

0:30.1

So it's just like a marriage where you go into this transaction where everything from A to Z, we are partners with David. But what's interesting

0:41.6

is David also took some of that money that we gave them and invested in authentic brands.

0:48.0

What is what is the partnership allowed you to do in the what year and a half since you've

0:52.4

been partners? Well I think spend more time with Jamie and the whole Salta family, which for me was a big part of

0:59.0

obviously me giving part of my company up that I built over the years of my business life

1:05.0

to someone that cares, that's someone that works as hard as he does does and to be part of authentic for me

1:12.1

was the next step of the journey to to build the brand and take it to the next

1:16.3

level you know I'd taken it to a certain point and then I felt that I needed to

1:20.1

partner and go into marriage with someone that I trusted that I knew that

1:25.4

would make a difference and take it to the next level.

1:27.6

And that's exactly what has happened in the last couple of years since we began this, this marriage.

1:33.4

How did he earn your trust? What was the early stage of the relationship?

1:37.6

You know, I met Jamie about nine and a half years ago. And at that point, my business wasn't at the point where I felt that I could give up part of it.

1:45.5

So I know that I needed to kind of gain control of my business.

1:50.3

And once I'd done that, I then built it up over the next few years.

...

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