1
00:00:02,240 --> 00:00:05,400
Speaker 1: Hello, I'm Scott and I'm Eben Nobi Williams, and this

2
00:00:05,519 --> 00:00:08,400
Speaker 1: is the Bloomberg Business of Sports podcast where we explore

3
00:00:08,480 --> 00:00:11,320
Speaker 1: the big money issues in the world of sports. And Scott,

4
00:00:11,760 --> 00:00:14,800
Speaker 1: I'm feeling a little bit of deja vous today. On Monday,

5
00:00:15,600 --> 00:00:19,319
Speaker 1: Jim Dolan gave an interview with the ESPN discussed the

6
00:00:19,560 --> 00:00:24,279
Speaker 1: possibility of maybe being open to selling the Knicks, said

7
00:00:24,280 --> 00:00:26,479
Speaker 1: there had been feelers. I think is the word he

8
00:00:26,600 --> 00:00:29,760
Speaker 1: used for five billion dollars. I feel like every four

9
00:00:29,840 --> 00:00:32,159
Speaker 1: or five months here in New York we get into

10
00:00:32,320 --> 00:00:34,960
Speaker 1: some discussion about is Jim Dolan gonna sell the Knicks?

11
00:00:34,960 --> 00:00:37,120
Speaker 1: Are the Knicks and the Rangers for sale? Etcetera. I'm

12
00:00:37,159 --> 00:00:38,519
Speaker 1: gonna go back because I know you hate this. You

13
00:00:38,520 --> 00:00:40,720
Speaker 1: didn't even mention Michael Barr is off. It's just so

14
00:00:40,880 --> 00:00:42,839
Speaker 1: you are playing the role of Michael Barr today. We

15
00:00:42,840 --> 00:00:45,479
Speaker 1: didn't do the we do. We miss Bart. Let's see

16
00:00:45,479 --> 00:00:47,560
Speaker 1: if if he really listens again to the shows you

17
00:00:47,600 --> 00:00:49,360
Speaker 1: miss I missed part two. I think we I think

18
00:00:49,400 --> 00:00:54,600
Speaker 1: the audience misses Bart. Everybody loved character Michael Bart. Yes,

19
00:00:54,800 --> 00:00:57,080
Speaker 1: speaking of love characters, Jim Dolan, I'm sorry you said

20
00:00:57,080 --> 00:01:00,200
Speaker 1: what you like that segment like that, Yeah, I mean,

21
00:01:00,240 --> 00:01:03,920
Speaker 1: I'm with you on this one. Do I believe in

22
00:01:03,960 --> 00:01:06,840
Speaker 1: any way that Jim Dolan is selling the Knicks? Know

23
00:01:07,440 --> 00:01:08,920
Speaker 1: a couple of months ago, as a matter of fact,

24
00:01:08,959 --> 00:01:11,600
Speaker 1: on the record saying I'm not selling the Knicks, and

25
00:01:11,600 --> 00:01:14,000
Speaker 1: then two months before that, MSG was on the record

26
00:01:14,040 --> 00:01:18,199
Speaker 1: saying Jim Dolan is the But Jim as the head

27
00:01:18,240 --> 00:01:21,400
Speaker 1: of this publicly traded company, and he even pointed this out.

28
00:01:22,080 --> 00:01:25,280
Speaker 1: He cannot say I won't sell. He has to consider

29
00:01:25,800 --> 00:01:29,560
Speaker 1: the shareholders and what's best for them in everything, But

30
00:01:29,600 --> 00:01:32,240
Speaker 1: he doesn't want to sell. His family has control of

31
00:01:32,280 --> 00:01:36,120
Speaker 1: the company, voting control. So Jim loves owning the New

32
00:01:36,160 --> 00:01:39,360
Speaker 1: York Knicks, he loves owning the Rangers of Madison Square Garden.

33
00:01:39,959 --> 00:01:43,480
Speaker 1: Just don't see him parting with this, with these assets

34
00:01:43,520 --> 00:01:46,160
Speaker 1: just to entertain it for a second. He he mentioned,

35
00:01:46,720 --> 00:01:51,760
Speaker 1: offers around five billion dollars um. The team certainly seems

36
00:01:51,760 --> 00:01:53,600
Speaker 1: like it would be worth worth less than that from

37
00:01:53,600 --> 00:01:55,720
Speaker 1: a dollar's in cent standpoint. But what do you think

38
00:01:55,880 --> 00:01:58,720
Speaker 1: in the open market that the New York Knicks probably

39
00:01:58,760 --> 00:02:01,000
Speaker 1: one of the two premier NBA franchise if you're doing

40
00:02:01,080 --> 00:02:03,840
Speaker 1: straight up valuation, that that would be a high number.

41
00:02:03,840 --> 00:02:06,920
Speaker 1: But you and I know there are trophy assets out there,

42
00:02:07,520 --> 00:02:13,200
Speaker 1: and this certainly would be at the pyramid of trophy

43
00:02:13,200 --> 00:02:18,160
Speaker 1: assets in sport. This sits right on top especially And yeah,

44
00:02:18,200 --> 00:02:19,880
Speaker 1: I mean, obviously you'd like to have the arena. He's

45
00:02:19,919 --> 00:02:21,760
Speaker 1: got the arena, he's got the network. That's how it's

46
00:02:21,800 --> 00:02:24,640
Speaker 1: set up to run, That's how you maximize the synergies

47
00:02:24,680 --> 00:02:27,160
Speaker 1: of all of it. He's got the other entertainment venues

48
00:02:27,200 --> 00:02:31,640
Speaker 1: as well, the Beacon theater um. But would there be

49
00:02:32,120 --> 00:02:37,639
Speaker 1: a stock full runway of prospective buyers. Yeah, this is

50
00:02:37,680 --> 00:02:40,760
Speaker 1: the New York Knicks in a real auction. And I'm

51
00:02:40,840 --> 00:02:43,359
Speaker 1: selling for whatever. I mean, what did Jerry Jones tell Bloomberg?

52
00:02:43,360 --> 00:02:46,359
Speaker 1: Not ten million? But and here we go ten million?

53
00:02:46,440 --> 00:02:49,600
Speaker 1: But I'm not selling. And you know what, I'm not

54
00:02:49,639 --> 00:02:51,920
Speaker 1: even sure I want to laugh at Jerry Jones for

55
00:02:52,000 --> 00:02:54,360
Speaker 1: the amount of cash that that league spits out and

56
00:02:54,400 --> 00:02:57,200
Speaker 1: what that stadium does and the real estate. Yeah, I'm

57
00:02:57,200 --> 00:02:59,600
Speaker 1: not gonna laugh at Jerry Jones for ten billion. But

58
00:02:59,639 --> 00:03:02,560
Speaker 1: it's it feels a lot like that here, you know,

59
00:03:02,880 --> 00:03:06,040
Speaker 1: and you said, we've heard it before, but as you know,

60
00:03:06,520 --> 00:03:13,679
Speaker 1: commissioners regularly vet prospective buyers just in case they don't

61
00:03:13,680 --> 00:03:15,960
Speaker 1: want to start the process and new if you're interested,

62
00:03:16,000 --> 00:03:17,600
Speaker 1: if you've got the cash, or if you've got a

63
00:03:17,639 --> 00:03:20,919
Speaker 1: group and you're really interested in buying a professional sports team,

64
00:03:21,040 --> 00:03:23,840
Speaker 1: you can make sure the leagues are aware. Maybe you

65
00:03:23,919 --> 00:03:26,520
Speaker 1: go through a banker, they can pre vet you that

66
00:03:26,600 --> 00:03:28,760
Speaker 1: you can sit you can. It's almost like a pre

67
00:03:28,840 --> 00:03:32,160
Speaker 1: approval and not not official pre approval. So if the

68
00:03:32,200 --> 00:03:35,240
Speaker 1: Knicks ever hit the market, Adam Silver can go into

69
00:03:35,280 --> 00:03:38,800
Speaker 1: that drawer, take out the file prospective owners phone called

70
00:03:38,800 --> 00:03:41,880
Speaker 1: boom boom, boom, boom boom. These other folks we know,

71
00:03:42,160 --> 00:03:46,320
Speaker 1: friends of the program, who have the means and who

72
00:03:46,320 --> 00:03:49,920
Speaker 1: have the desire to own a sports team. How much

73
00:03:49,920 --> 00:03:51,880
Speaker 1: do you read into kind of the changes that we've

74
00:03:51,880 --> 00:03:54,160
Speaker 1: seen in Madison Square Garden as a company when a

75
00:03:54,160 --> 00:03:56,560
Speaker 1: couple of years ago they split the entertainment and the

76
00:03:56,560 --> 00:04:00,000
Speaker 1: media businesses. Now there's a plan in place to split

77
00:04:00,200 --> 00:04:03,560
Speaker 1: sports for the businesses the sports are different. They think

78
00:04:03,560 --> 00:04:07,240
Speaker 1: they can maximize shareholder value as separate company. And there

79
00:04:07,280 --> 00:04:09,720
Speaker 1: are people that read that see that in the tea

80
00:04:09,800 --> 00:04:13,160
Speaker 1: leaves as setting it up to make moving one or

81
00:04:13,200 --> 00:04:16,200
Speaker 1: both of these teams easier it sounds like you're not,

82
00:04:16,279 --> 00:04:18,520
Speaker 1: and I don't think I am either in the camp

83
00:04:18,560 --> 00:04:20,920
Speaker 1: of leaning towards that way. No. I think I think

84
00:04:21,080 --> 00:04:24,560
Speaker 1: this is sort of the best practices efficiencies maneuver. They

85
00:04:24,560 --> 00:04:28,240
Speaker 1: think they can better serve the shareholders as different companies,

86
00:04:28,240 --> 00:04:30,599
Speaker 1: and that's fine. I don't know enough about the intricate

87
00:04:30,640 --> 00:04:33,960
Speaker 1: workings of the entertainment division and how to separate them

88
00:04:33,960 --> 00:04:37,600
Speaker 1: that way. Um, but it does make sense that you

89
00:04:37,640 --> 00:04:43,240
Speaker 1: would think the like minded, the similar companies would operate

90
00:04:43,360 --> 00:04:46,440
Speaker 1: better as a standalone unit. But again, it all goes

91
00:04:46,480 --> 00:04:51,279
Speaker 1: back to the overarching question, does Jim Dolan have any

92
00:04:51,320 --> 00:04:56,520
Speaker 1: desire to no longer be the owner of these assets?

93
00:04:57,080 --> 00:05:02,080
Speaker 1: And nothing he has said, nothing he has done, shows

94
00:05:02,160 --> 00:05:05,279
Speaker 1: me that Jim is ready to relinquish control of the

95
00:05:05,279 --> 00:05:08,880
Speaker 1: sports team. MSG stock spiked about six percent early on

96
00:05:08,920 --> 00:05:10,800
Speaker 1: Monday morning. As soon as the news of this, We're

97
00:05:10,800 --> 00:05:14,080
Speaker 1: going to see a settling, sort of a normalcy. Uh,

98
00:05:14,160 --> 00:05:17,720
Speaker 1: let's really think about this settling back down to whatever

99
00:05:17,720 --> 00:05:19,560
Speaker 1: it was. I hope if there has ever actually news

100
00:05:19,600 --> 00:05:21,560
Speaker 1: on this that that Jim Dolan gives it in in

101
00:05:21,640 --> 00:05:27,760
Speaker 1: song form, j in the I'm selling the Nis written

102
00:05:27,800 --> 00:05:34,440
Speaker 1: and performed I'm selling the Knicks. So let's move from

103
00:05:34,480 --> 00:05:37,680
Speaker 1: from one NBA owner to another. Out in Phoenix. Managing

104
00:05:37,720 --> 00:05:40,400
Speaker 1: partner the Son's Robert Sarver, got himself in a little

105
00:05:40,440 --> 00:05:42,799
Speaker 1: bit of hot water, a little feud I guess, between

106
00:05:42,920 --> 00:05:46,040
Speaker 1: between the team itself and a newspaper, the Arizona Republic,

107
00:05:46,839 --> 00:05:51,080
Speaker 1: about whether whether or not Robert Sarver has threatened the

108
00:05:51,160 --> 00:05:55,720
Speaker 1: city threatened to move the Sun's if they don't participate

109
00:05:56,080 --> 00:05:58,320
Speaker 1: with with a hefty paycheck for a new arena. Hold on,

110
00:05:58,440 --> 00:06:02,480
Speaker 1: I'm gonna turn over my piece of paper here. I'm

111
00:06:02,600 --> 00:06:11,160
Speaker 1: gonna write down playbook for owners seeking tax payer funds

112
00:06:11,680 --> 00:06:19,480
Speaker 1: for I'm gonna I'll even separate improvements calma slash new facility.

113
00:06:19,520 --> 00:06:21,240
Speaker 1: I mean, come on, and you can sell this by

114
00:06:21,240 --> 00:06:23,960
Speaker 1: the way that sell it. Everybody knows it. It's been

115
00:06:24,080 --> 00:06:27,920
Speaker 1: run a thousand times. The question is did Robert Sarver

116
00:06:28,640 --> 00:06:35,560
Speaker 1: underestimate sort of the blowback already from fans saying no, no, no, no, no,

117
00:06:35,640 --> 00:06:38,279
Speaker 1: you're worth how much? This is an entertainment? Did you

118
00:06:38,360 --> 00:06:42,240
Speaker 1: see the the town meeting where I'm going to guess

119
00:06:42,240 --> 00:06:45,920
Speaker 1: her age, I'm gonna say octogenarian. I don't know where

120
00:06:45,920 --> 00:06:48,680
Speaker 1: the older woman stood up and she was like, shame

121
00:06:48,760 --> 00:06:53,719
Speaker 1: on you, we do not want taxes going to entertainment.

122
00:06:53,760 --> 00:06:56,880
Speaker 1: And then she got personal Lord Sarver. She called him like,

123
00:06:56,920 --> 00:06:59,800
Speaker 1: what so tight? He squeaks when he wants. She got

124
00:06:59,880 --> 00:07:02,360
Speaker 1: just fantasy. She got a little personal aar and Sarva.

125
00:07:02,440 --> 00:07:09,000
Speaker 1: But this is not exactly a beloved organization in town

126
00:07:09,320 --> 00:07:12,520
Speaker 1: that has such a grand history of success. The team

127
00:07:12,600 --> 00:07:15,520
Speaker 1: is certainly the team has not been good. Yeah, I mean,

128
00:07:15,960 --> 00:07:20,160
Speaker 1: Arizona boy, it's it's tough, but yeah, he he may

129
00:07:20,200 --> 00:07:24,560
Speaker 1: have overestimated the leverage. Imagine when you say well we'll

130
00:07:24,600 --> 00:07:30,240
Speaker 1: go and your fan base says okay, whoops. Which it's

131
00:07:30,280 --> 00:07:32,240
Speaker 1: kind of what happened with the Chargers in some ways, right,

132
00:07:32,240 --> 00:07:34,440
Speaker 1: I mean, there is certainly there are some fans that

133
00:07:34,480 --> 00:07:36,840
Speaker 1: wanted them to stay. But you know, we've seen recently,

134
00:07:36,880 --> 00:07:38,200
Speaker 1: you know a lot of these teams that have been

135
00:07:38,200 --> 00:07:40,640
Speaker 1: threatening to leave, especially in the NFL, have been threatening

136
00:07:40,680 --> 00:07:42,720
Speaker 1: to leave for a while have ended up going. And

137
00:07:42,760 --> 00:07:45,720
Speaker 1: I don't know if that lays bare the playbook or

138
00:07:45,960 --> 00:07:49,320
Speaker 1: makes it stronger. In Phoenix, that's a hundred and fifty

139
00:07:49,320 --> 00:07:52,000
Speaker 1: million dollar arena deal the Sons would be willing to

140
00:07:52,040 --> 00:07:54,320
Speaker 1: put in eighty million of that, so a little bit

141
00:07:54,360 --> 00:07:56,800
Speaker 1: more than half UM and that's the city council vote

142
00:07:56,800 --> 00:07:59,000
Speaker 1: that hasn't happened yet. I think it was postponed. Uh

143
00:07:59,040 --> 00:08:01,239
Speaker 1: that the Arizona re blook said that, you know, Sarver

144
00:08:01,800 --> 00:08:06,440
Speaker 1: mentioned Seattle and Las Vegas a potential towns that he

145
00:08:06,480 --> 00:08:10,400
Speaker 1: could take the team to. Yeah, but then they walked

146
00:08:10,400 --> 00:08:13,000
Speaker 1: back that report saying that those two cities specifically were

147
00:08:13,040 --> 00:08:17,040
Speaker 1: not mentioned um. And then the team itself has vehemently

148
00:08:17,080 --> 00:08:20,640
Speaker 1: denied making any sort of threat that would be that

149
00:08:20,680 --> 00:08:23,760
Speaker 1: would be a smart way to play, because you don't

150
00:08:23,920 --> 00:08:28,440
Speaker 1: have to say it. Who among us would not, right,

151
00:08:28,840 --> 00:08:31,800
Speaker 1: should there be some sort of squabble or disagreement as

152
00:08:31,840 --> 00:08:36,240
Speaker 1: to who's gonna pay, who wouldn't make it plainly clear

153
00:08:36,760 --> 00:08:43,360
Speaker 1: to those residents that you know historically, franchises do have

154
00:08:43,480 --> 00:08:47,400
Speaker 1: several options available to them. One of those is relocation.

155
00:08:47,800 --> 00:08:51,160
Speaker 1: And if you hadn't noticed, there's a building now in

156
00:08:51,240 --> 00:08:56,000
Speaker 1: Seattle that has an NHL team, and David Bonderman and

157
00:08:56,120 --> 00:09:00,840
Speaker 1: Tim Lwicky a would love to bring a basketball team

158
00:09:00,880 --> 00:09:04,080
Speaker 1: at night, I second anchor tenant to that facility. You

159
00:09:04,120 --> 00:09:06,480
Speaker 1: don't have to make the threat. I'm not saying they did.

160
00:09:07,480 --> 00:09:11,000
Speaker 1: I'm saying you don't have to. It's like again the playbook.

161
00:09:11,040 --> 00:09:14,960
Speaker 1: We know what are the options. You either pay, somebody

162
00:09:14,960 --> 00:09:17,720
Speaker 1: pays for you, or you leave there you go. Another

163
00:09:17,800 --> 00:09:19,840
Speaker 1: thing for for listeners out there who might not know,

164
00:09:20,280 --> 00:09:24,880
Speaker 1: there are constantly groups around the country working to bring

165
00:09:25,080 --> 00:09:29,480
Speaker 1: a insert your league here team to Kansas City, Portland's MLB.

166
00:09:30,000 --> 00:09:32,320
Speaker 1: Las Vegas has groups working for all the other major

167
00:09:32,320 --> 00:09:35,120
Speaker 1: sports in the country. Doesn't have right now on Montreal.

168
00:09:35,200 --> 00:09:39,600
Speaker 1: That there is always people talking behind the scenes, and

169
00:09:39,679 --> 00:09:42,480
Speaker 1: it's happening more publicly I think in MLS this this

170
00:09:42,559 --> 00:09:46,520
Speaker 1: year than sure, and some of it bubbles up, but

171
00:09:46,559 --> 00:09:49,800
Speaker 1: there is always people working about trying to put together

172
00:09:49,920 --> 00:09:52,160
Speaker 1: stadium deals if and when a team comes trying to

173
00:09:52,240 --> 00:09:54,839
Speaker 1: lure and you know, as we've talked about, a lot

174
00:09:54,840 --> 00:09:57,240
Speaker 1: of owners and other cities that are willing to at

175
00:09:57,280 --> 00:10:00,199
Speaker 1: least hear those conversations or use them to leve dge

176
00:10:00,200 --> 00:10:02,960
Speaker 1: their way into into more money from their from their constituents. Hey,

177
00:10:03,120 --> 00:10:04,679
Speaker 1: if I was an owner, that's what I would do.

178
00:10:05,040 --> 00:10:08,839
Speaker 1: You use what you have down here, play use whatever

179
00:10:08,960 --> 00:10:12,400
Speaker 1: leverage you got, and relocation is certainly the big one. Yeah,

180
00:10:12,440 --> 00:10:13,840
Speaker 1: So let's move on one more. I don't know. Did

181
00:10:13,840 --> 00:10:16,560
Speaker 1: you read the outside the lines piece on concessions? Right,

182
00:10:16,600 --> 00:10:18,560
Speaker 1: I'm I'm gonna have to fest up. No, I was

183
00:10:18,600 --> 00:10:21,120
Speaker 1: in once again. I spent most of my weekend and

184
00:10:21,320 --> 00:10:24,959
Speaker 1: you can fill in the blank and ice rank for nothing. Victory.

185
00:10:25,000 --> 00:10:28,440
Speaker 1: By the way, Jackson shut out Island a big deal already. Now,

186
00:10:28,440 --> 00:10:30,840
Speaker 1: thank you Seth Sylvan for coming Now. I didn't see it.

187
00:10:30,880 --> 00:10:34,080
Speaker 1: But here's the thing. If you if I was an

188
00:10:34,160 --> 00:10:36,640
Speaker 1: editor and somebody came to me with an idea of

189
00:10:37,000 --> 00:10:39,520
Speaker 1: I want to do an investigation on ballpark food and

190
00:10:39,559 --> 00:10:41,840
Speaker 1: the and the violations and the safety, you know, all

191
00:10:41,840 --> 00:10:44,800
Speaker 1: the health part all that, I'm like, you better come

192
00:10:44,880 --> 00:10:49,040
Speaker 1: to me with like thirty eight foot rats running pictures

193
00:10:49,040 --> 00:10:51,320
Speaker 1: in the kitchen, because if you come to me with

194
00:10:51,440 --> 00:10:55,760
Speaker 1: there's a whole slew of violations, that's darn well what

195
00:10:55,840 --> 00:10:58,480
Speaker 1: I'm expecting to hear. Yeah, And that's kind of where

196
00:10:58,520 --> 00:11:00,680
Speaker 1: I wanted to start the discussion, because when I clicked

197
00:11:00,679 --> 00:11:03,360
Speaker 1: on the story, my thought was, I think, I know what,

198
00:11:04,000 --> 00:11:06,439
Speaker 1: I know. I'm going to be appalled by what by

199
00:11:06,480 --> 00:11:09,720
Speaker 1: what this thing found? Yeah, yeah, exactly. Is it going

200
00:11:09,760 --> 00:11:12,440
Speaker 1: to change my opinion? Um? But the numbers are are

201
00:11:12,480 --> 00:11:16,280
Speaker 1: fairly damning. That they reviewed sixteen thousand food safety inspection

202
00:11:16,360 --> 00:11:19,280
Speaker 1: reports at a hunt over a hundred venues across the US.

203
00:11:20,080 --> 00:11:22,760
Speaker 1: Of the venues had more than half of their individual

204
00:11:22,800 --> 00:11:27,560
Speaker 1: stations that had high risk reports. Yankee Stadium, for example,

205
00:11:27,600 --> 00:11:30,600
Speaker 1: eighty percent of of of the kitchens and Yankee Stadium

206
00:11:31,160 --> 00:11:34,400
Speaker 1: had high level violations in seventeen. I don't want to

207
00:11:34,400 --> 00:11:37,520
Speaker 1: put there were other quantified with a high level of violation. Yeah,

208
00:11:37,520 --> 00:11:40,000
Speaker 1: so it ranges from I mean it's again there's there's

209
00:11:40,040 --> 00:11:43,640
Speaker 1: different tiers. Don't give me the most under temperature stuff. Yeah,

210
00:11:43,720 --> 00:11:45,760
Speaker 1: the most popular I guess ways that you get that

211
00:11:45,840 --> 00:11:49,760
Speaker 1: violated is pests. You know, so they're mice and and

212
00:11:49,920 --> 00:11:55,680
Speaker 1: you know, cockroaches pop up all over um non sanitary

213
00:11:55,800 --> 00:11:59,360
Speaker 1: conditions which I guess workers washing their hands or you know,

214
00:11:59,440 --> 00:12:02,640
Speaker 1: non clean workspaces, etcetera. But you know, as as as

215
00:12:02,640 --> 00:12:06,160
Speaker 1: a lot of people know, concession services are are usually outsourced.

216
00:12:06,200 --> 00:12:08,880
Speaker 1: You know, there's there's big companies like air Mark, there's Levy,

217
00:12:08,920 --> 00:12:11,640
Speaker 1: there's Legends, which does a lot of work at Yankee Stadium.

218
00:12:11,960 --> 00:12:14,800
Speaker 1: Uh there there there center plate. I wonder if this

219
00:12:15,200 --> 00:12:17,960
Speaker 1: report like this, which which you're right, doesn't. Certainly doesn't.

220
00:12:18,040 --> 00:12:20,720
Speaker 1: I don't think it surprises anyone in that Oh yeah,

221
00:12:20,760 --> 00:12:23,320
Speaker 1: maybe the food you're eating isn't isn't the healthier story

222
00:12:23,360 --> 00:12:25,839
Speaker 1: that you're going to unpack, the unload the trucks on

223
00:12:26,000 --> 00:12:28,680
Speaker 1: on the slats and let's not put it in sort

224
00:12:28,679 --> 00:12:32,120
Speaker 1: of the dirty rain water. That kind of worth mentioning

225
00:12:32,160 --> 00:12:34,560
Speaker 1: that the that the concession business and sports obviously is

226
00:12:34,600 --> 00:12:38,000
Speaker 1: a huge one two billion dollars by recent estimates. That's

227
00:12:38,040 --> 00:12:41,280
Speaker 1: two entire globally sports businesses. Let me tell you how

228
00:12:41,280 --> 00:12:43,200
Speaker 1: this is going to Let me tell you how this

229
00:12:43,240 --> 00:12:44,720
Speaker 1: is going to play out for you and you and

230
00:12:44,800 --> 00:12:48,640
Speaker 1: me next time we go to these events, mine me,

231
00:12:48,760 --> 00:12:51,040
Speaker 1: my kids gonna ask for hot dog or chicken fingers

232
00:12:51,080 --> 00:12:53,400
Speaker 1: or something. I'm gonna step and I'm going to give

233
00:12:53,440 --> 00:12:57,199
Speaker 1: a little lucky lucky whatever. I'm going to buy said

234
00:12:57,200 --> 00:13:00,199
Speaker 1: hot dog, I'm going to buy said chicken fingers. I'm

235
00:13:00,240 --> 00:13:03,000
Speaker 1: going to give it to them. Yes, I will watch

236
00:13:03,080 --> 00:13:06,480
Speaker 1: us he devours it and I will probably you know,

237
00:13:06,600 --> 00:13:09,560
Speaker 1: rinse and repeat, and you're not alone. Yeah right, yeah,

238
00:13:09,679 --> 00:13:13,320
Speaker 1: I'm interested just in the numbers. That's great. But again,

239
00:13:13,360 --> 00:13:15,319
Speaker 1: if I'm the editor, there needs to be a shock

240
00:13:15,400 --> 00:13:16,760
Speaker 1: I need to have some shock value, but I just

241
00:13:16,800 --> 00:13:18,480
Speaker 1: didn't get it. I'm not saying it's a bombshell, but

242
00:13:18,520 --> 00:13:21,240
Speaker 1: I do think sports fans could could could do themselves

243
00:13:21,240 --> 00:13:22,920
Speaker 1: a service and read it. All right, Well, this is

244
00:13:22,920 --> 00:13:25,880
Speaker 1: the Bloomberg Business of Sports podcast. I'm Scott Sashnik along

245
00:13:25,880 --> 00:13:29,000
Speaker 1: with Evan w Wie Williams. We're here each and every Monday,

246
00:13:29,080 --> 00:13:31,960
Speaker 1: Wednesday and Thursday exploring the world of money in sports.

247
00:13:32,040 --> 00:13:33,400
Speaker 1: Join us again at the end of the week when

248
00:13:33,400 --> 00:13:35,560
Speaker 1: we speak with the biggest and brightest in the sports

249
00:13:35,640 --> 00:13:38,720
Speaker 1: business industry. You're listening to Bloomberg Business of Sports on

250
00:13:38,760 --> 00:13:42,400
Speaker 1: Bloomberg Radio around the world and online wherever you get

251
00:13:42,400 --> 00:13:43,239
Speaker 1: your podcasts.