Leadership1 distinct publisher3 min readUpdated
Diamond Baseball Holdings CEO Peter Freund told Entrepreneur his clubs are judged on fan experience, not wins. It is a clean example of picking a metric you can actually move.
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Peter Freund's company, Diamond Baseball Holdings, owns and operates 48 Minor League Baseball clubs, which the source describes as control of more professional sports teams than any other organization in the world [1][2]. Freund told Entrepreneur that none of those clubs is graded on the standings: "We don't measure success by a winning streak. We measure it based on the fan experience" [3].
That is easy to say and hard to mean, so it is worth noting that the decoupling here is structural rather than attitudinal. In most major professional sports, revenue is tied at least in part to winning; in the minor leagues, the source notes, the equation is different [4]. Minor League Baseball is not driven by lucrative national television deals, which means its teams are not beholden to broadcast schedules or commercial breaks [5]. Freund says the consequence is a different product design: no pausing for commercials, and promotions and hyper-local activations that "wouldn't play on television" and only matter to the person walking through the gate [6].
The clearest evidence that wins are the wrong KPI comes from the job description of the people running the clubs. Steve Cohen, general manager of the Brooklyn Cyclones and not the Mets owner of the same name, says flatly, "I have nothing to do with the players," whereas at the major league level that is precisely what a GM does [7]. His day-to-day work resembles a small-business owner's: sell tickets, secure sponsors, keep fans coming back, priorities the source says are mirrored across the portfolio [8]. A GM who does not select the roster cannot be held to the roster's results [9].
So what does get measured. Freund's stated objective is bringing new fans in and getting them to return, not championships [10], and his definition of a good night is operational: manageable lines, a greeting at the entrance, an experience that feels specific to the customer, and a fan who leaves happy even after a loss [11]. The company offers four numbers against that. Year-to-date in-venue merchandise sales are up double digits [12]. Early-season data show one in five fans left the ballpark with a souvenir [13]. Total announced attendance and attendance per game both rose year over year, with gains in tickets sold and in turnstile attendance [14]. Net Promoter Score has climbed significantly across many DBH clubs [15].
Read those carefully. None comes with a base value, a defined comparison window beyond "year-to-date" and "year over year", or a count of how many of the 48 clubs sit inside "many" [16]. They are company figures relayed in a contributor piece [17]. The souvenir number is the most useful of the four because it is a rate rather than a total, and the turnstile figure matters because it separates attendance from tickets sold [13][14].
The cost side of this model is year-round. The source says success depends on investing in the community rather than only on game days, that clubs hire locally, and that in some markets the club is a cultural cornerstone and one of the area's largest employers [18]. The Cyclones started the High School of Sports Management in Brooklyn, part of the Lafayette Education Complex [19], and send their mascot into schools to teach children about Jackie Robinson [20].
What to watch: whether DBH ever publishes NPS and turnstile figures with denominators attached, and whether the same double-digit merchandise growth holds in the clubs with losing records.
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Ranked by verification strength, evidence, and original report placement.
Diamond Baseball Holdings (DBH) owns and operates 48 Minor League Baseball clubs, giving it control of more professional sports teams than any other organization in the world.
Freund told Entrepreneur: "We don't measure success by a winning streak. We measure it based on the fan experience."
In most major professional sports, revenue is tied at least in part to winning, but in the minor leagues the equation is different.
Unlike Major League Baseball, Minor League Baseball is not driven by lucrative national television deals, so teams are not beholden to broadcast schedules or commercial breaks.
Freund: "We're not focused on television, and we're not pausing for commercials. We're doing it for the individuals who are in the ballpark," adding that the promotions and hyper-local activities the clubs run "really wouldn't play on television. It only matters to the fan who's walking through the gates."
Evidence-backed comparisons of source perspectives and observed adoption signals. Read the methodology
Which Builder, Operator, and Investor concerns the observed source mix emphasized—not a truth score.
Evidence, demonstrated adoption, hype gap, incentives, and confidence are assessed independently, each on its own current evidence. How these are measured.
Single publisher, company-supplied figures
Everything rests on one contributor piece whose quantitative claims come from DBH executives with no independent verification, no absolute baselines, no dated comparison windows and no count of how many of the 48 clubs are covered by 'many'. The qualitative claims (portfolio size, GM remit, absence of national TV deals, community programs) are internally consistent and specific, which keeps the score above the floor.
Portfolio-wide practice, self-reported results
The operating model is genuinely in production across a large real footprint: 48 clubs, a regional leadership layer above local GMs, and named club-level programs in Brooklyn, Salem, Worcester and Wichita. What holds the score at mid-range is that every outcome number attached to that footprint is disclosed by the operator itself rather than measured externally.
Modestly overstated
The framing — a world-record team count and a philosophy validated by rising merchandise, attendance and NPS — runs somewhat ahead of what the material can carry: the growth claims are directional, unbaselined, sourced entirely to the operator and printed under a contributor-opinion notice. The gap is moderate rather than large because the core structural argument (no national TV revenue, GM with no player role, so wins are not the controllable metric) is coherent and supported by on-the-record quotes.
Subject-supplied promotional framing
The narrative and all favorable data come from the CEO and a club GM of the company being profiled, in a contributor-authored business outlet piece that flags contributors' opinions as their own. DBH's revenue depends on tickets, sponsorship and continued club acquisitions, all of which benefit from a public record of rising attendance and fan satisfaction, and no counterparty or independent voice appears.
Confident on structure, weak on results
High confidence that DBH operates 48 clubs, that the club GM role is commercial rather than player-facing, and that management publicly frames success as fan experience — these are direct, on-the-record statements. Low confidence in the magnitude or durability of the reported merchandise, attendance and NPS gains, given a single self-interested source and no baselines.
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