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Speaker 1: This is Bloomberg Business of Sports. The world changing and

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Speaker 1: what are the things we can do to transform a

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Speaker 1: business and engage our fans globally in different ways. People

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Speaker 1: are using their name and likeness to create more opportunities,

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Speaker 1: more stakes and companies in order to turn the organization around.

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Speaker 1: We had to turn it around not only just on

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Speaker 1: the baseball operations side, but other business operations side well,

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Speaker 1: and any other sport is very difficult, but I like

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Speaker 1: to plug my horizons and be able to expand. Sports

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Speaker 1: need to be consumed a lot and not to the

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Speaker 1: big competitive advantage for inartial property holders of sports content

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Speaker 1: in the media landscape. Bloomberg Business of Sports from Bloomberg Radio. Hello,

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Speaker 1: I'm Michael barn and I'm Mike Luke and I'm Scarlett

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Speaker 1: fo In for Jason Kelly. This is the Bloomberg Business

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Speaker 1: of Sports podcast where we explore the big money issues

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Speaker 1: in the world of sports. All Right, who has the tissues?

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Speaker 1: Because I was crying to Lionel MESSI was crying. He

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Speaker 1: has formerly accepted a two year contract offer and has

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Speaker 1: at sitted Barcelona all those years, Scarlett, all those years

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Speaker 1: that he has been there. This is a big rumble

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Speaker 1: into Soccer World twenty one years. He's been affiliated with

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Speaker 1: the club. I think he was there when he was

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Speaker 1: a kid and just kind of grew up in the system.

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Speaker 1: I'm not really sure what Barcelona was thinking. I mean,

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Speaker 1: the tweet that they sent out originally saying that they

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Speaker 1: could not come to terms with everything put the blame

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Speaker 1: on the league La Liga, and I'm not sure what

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Speaker 1: they were thinking because they had all this time to

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Speaker 1: work something out and it seems like were they just

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Speaker 1: counting on the Liga to to cave and offer some

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Speaker 1: kind of exemption for everyone to be able to live

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Speaker 1: happily ever after. Yeah, that's a that's a good point,

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Speaker 1: and I'm with you. I wonder when what what was

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Speaker 1: Barcelona thinking? Is you're gonna let go of the guy

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Speaker 1: who made your franchise Lynchie I I don't understand that. Well,

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Speaker 1: pick it from someone who has actually felt it up

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Speaker 1: here in New England. Tom Brady years with the Patriots. Yeah,

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Speaker 1: decided to go to Tampa and then when a Super

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Speaker 1: Bowl naque it down to Tampa. So people in New

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Speaker 1: England I think, are feeling the pain of the people

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Speaker 1: in Barcelona right now, but they're in just so much debt.

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Speaker 1: I mean almost one point two billion dollars in debt,

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Speaker 1: and if if they signed him, if they to the

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Speaker 1: deal that they had with him, they would have been

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Speaker 1: like over budget, so he had to go. They couldn't

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Speaker 1: afford him and uh Viva la France at forty seven

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Speaker 1: large per year. But you know they couldn't afford him

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Speaker 1: beforehand when they said they were working on stuff and

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Speaker 1: they were going to work it out. I mean, didn't

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Speaker 1: the team just sign his bff I think a couple

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Speaker 1: of weeks ago or a couple of months ago. I mean,

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Speaker 1: they've had every intention of resigning Lionel Messi and there

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Speaker 1: was no indication that they were actually going to split ways.

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Speaker 1: So it's just incredibly poor management. But I suppose that's

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Speaker 1: not surprising, Lynchi, given that Barcelona as one of the

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Speaker 1: founding members of the super League, which died spectacularly, and

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Speaker 1: I think that was their master plan all along, to

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Speaker 1: just just exit and go join the super League and

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Speaker 1: that would take care of everything, because the television revenue

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Speaker 1: coming into that proposed super League would have been enormous.

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Speaker 1: But that thing lasted about a day and a half

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Speaker 1: and it was gone. And then they thought The next

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Speaker 1: life raft was the CBC Capital Partners coming in infusing

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Speaker 1: La Lega with three point five billion dollars. But the

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Speaker 1: caveat there was that only fift cent of that investment

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Speaker 1: could go to his player salaries, which was not even

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Speaker 1: close enough to pay Messi in Barcelona. So he's gone, Yeah,

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Speaker 1: but what happens now? I wonder how much of this

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Speaker 1: has to do with the coronavirus and the pandemic and

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Speaker 1: the impact this has had on all the teams. Well

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Speaker 1: something teams managed things better, didn't they. I mean there

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Speaker 1: are other teams that that have Obviously they couldn't collect

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Speaker 1: the revenue from from people seeing the games live, but

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Speaker 1: like some have been better at just managing the finances.

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Speaker 1: Speaking of watching the games, uh lincha, did you watch

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Speaker 1: the Olympics at any time? I watched a couple of

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Speaker 1: times and I happened to see a couple of moments

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Speaker 1: that were gripping, and it was one of the lasting

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Speaker 1: image is that I will have of of the Olympics

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Speaker 1: was that the two high jumpers from Cutter and uh

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Speaker 1: in Italy both tied at seven ft nine inches. They

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Speaker 1: both failed three times at seven ft ten inches, which

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Speaker 1: is the world record, and they looked at each other

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Speaker 1: and they said, do you want to share the goal?

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Speaker 1: The official said, yeah, you can share the gold and

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Speaker 1: they started jumping up and down like five year olds. Uh.

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Speaker 1: And then then I thought that to me, that was

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Speaker 1: the lasting image of these games in Tokyo. Did you

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Speaker 1: watch it live, Lyndy or did you watch it on demand?

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Speaker 1: Because I find that every time and watched things on demand,

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Speaker 1: they edit it in a really weird way where it's

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Speaker 1: very jumpy and I don't actually see the drama build up.

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Speaker 1: I'm not, you know, it's it's so hard to tell

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Speaker 1: whether you're watching live or not, because yeah, I know,

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Speaker 1: I was lying on the couch looking for golf or

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Speaker 1: something and I stumbled across it and I said, oh,

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Speaker 1: this looks kind of interesting. And I remember before the

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Speaker 1: Faresbury flop, everybody had to go over lake first, and

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Speaker 1: I was watching these guys going over nearly eight feet backwards.

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Speaker 1: But I did not watch a lot of it live.

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Speaker 1: And I think we've been having this discussion for a

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Speaker 1: couple of weeks because you know what the results are

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Speaker 1: and by by the time you wake up and have

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Speaker 1: your breakfast, and what's the point. Well, speaking of the competition,

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Speaker 1: and we were just talking. We're talking about this, uh,

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Speaker 1: several days ago, the horse competition. And I did not

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Speaker 1: know this. That was the horse competition meaning equestrian. Yes,

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Speaker 1: that's a It was a disaster what happened because I

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Speaker 1: didn't know that you can't bring your own horse. You

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Speaker 1: have to take a horse. I didn't I didn't know

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Speaker 1: this either, that you have to take a horse that's there.

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Speaker 1: So the rider gets like, you know, like twenty minutes

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Speaker 1: or whatever, you know, to say, hey, how you doing,

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Speaker 1: Mr Ed and all this whatever. Well, then the horses

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Speaker 1: didn't react the way they're supposed to react, and one

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Speaker 1: person who was in the lead the whole thing went

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Speaker 1: up and smoke because the horses like, huh am I

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Speaker 1: going over that? No, not interesting. So I was wondering

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Speaker 1: about this because I started to watch some of the

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Speaker 1: dressage dressage I don't know how to pronounce it, sage, massage,

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Speaker 1: thank you event, and I was totally confused as to

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Speaker 1: whose skill was on display, whether it was the horses

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Speaker 1: or the rider, because it just didn't make sense. I mean,

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Speaker 1: there's a lot of like prancing and galloping and you know, crossovers,

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Speaker 1: if you're you know, if you've ever been to a

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Speaker 1: youth hockey practice, it was a lot of crossovers right

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Speaker 1: over the blue line. And I just thought this is

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Speaker 1: so bizarre, and yet I wasn't sure how you could

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Speaker 1: get your horse over if you were in Germany or

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Speaker 1: in Sweden. And now it makes sense, right because you

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Speaker 1: come in, you meet a random horse, and then you

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Speaker 1: have to have it performed. Well, how do you win

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Speaker 1: anything if the horse doesn't even know you? What if

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Speaker 1: you don't speak the same language as what I'm saying.

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Speaker 1: It's you know, I'm trying to talk Mr Ed and

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Speaker 1: all of a sudden I've got, you know, my friend Flicker,

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Speaker 1: and it's like it's not I'm sorry I went way

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Speaker 1: old on on everybody. Thanks man. Scarlett has given me

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Speaker 1: this look like what does this old man? But I'm

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Speaker 1: just shocked. Well, there was some good news. The daughter

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Speaker 1: of Bruce Springsteen, Jessica Springsteen. Yeah, I think she win

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Speaker 1: bronze or silver silver. I believe correct me if I'm wrong, Lynchy,

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Speaker 1: I think horse Whisperer. That's what I'm thinking about. I'm

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Speaker 1: going back to my friend Flicker and Mr whisper that

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Speaker 1: might have might Bridge the gap between generations. Love it.

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Speaker 1: Oh you know what. One stat that I really liked

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Speaker 1: about the Olympics was that we know that Team USA

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Speaker 1: one prevailed in gold medals and in total medal count,

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Speaker 1: but it was because of the women. Um the USA

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Speaker 1: team finished with sixty six medals and women's event, that's

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Speaker 1: the most for any nation ever. The men only won

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Speaker 1: forty one medals, which was the fewest for Team USA.

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Speaker 1: Uh since what the late eighteen hundreds. So that's you know,

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Speaker 1: good women, that's right. If you want something done right,

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Speaker 1: you get the ladies because they'll take care of it.

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Speaker 1: I think the medal count altogether was one and thirty

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Speaker 1: nine gold in the US squeak doubt over China to

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Speaker 1: take all the most gold medals also at the Olympics.

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Speaker 1: But the ratings, though, I wonder about it. I want

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Speaker 1: to see what the final ratings are, Scarlett, Well, the ratings.

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Speaker 1: I mean, like Lynch, you was saying, you already knew

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Speaker 1: the score. So as a matter of whether you really

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Speaker 1: wanted to watch the highlights or not. And again I

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Speaker 1: go back to that idea that just watching some of

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Speaker 1: the highlights, they edited it in a really weird way,

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Speaker 1: like the four by relay, for instance, they only edited

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Speaker 1: in the parts where you pass the baton. You don't

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Speaker 1: actually see the race when they're going down the straight away.

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Speaker 1: That's really confusing. Why would they do that? I mean,

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Speaker 1: I can't imagine that that's what the sponsors signed up

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Speaker 1: for either. Now was that on the Olympic channel or

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Speaker 1: on NBC? It was on the NBC Sports app. Oh, okay,

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Speaker 1: well that that might be it. Um. I I watched

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Speaker 1: in some of the races, uh, and I saw the

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Speaker 1: whole race and its entirety. I just can't remember what

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Speaker 1: platform I'm watching it on all the time. And sometimes

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Speaker 1: it says you can watch the basketball game for four

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Speaker 1: dollars and nine cents. Okay, I'm going on to the

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Speaker 1: next one. You know, years ago, I mean, there was

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Speaker 1: seven thousand hours of the Olympics on television. It's obviously

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Speaker 1: it's an avalanche. It's just too much to ingest and digest.

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Speaker 1: Years ago, ABC did everyone a favor by editing and

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Speaker 1: condensing a twelve hours worth of action into three hours

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Speaker 1: of prime time and you basically they gave you what

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Speaker 1: you needed to know. And this is this was very

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Speaker 1: very hard, I mean to to digest all that was

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Speaker 1: thrown at you in the Olympics and pick out a

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Speaker 1: poignant moment of what stood out for you. And as

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Speaker 1: you said, Scarlett, I don't know if I'm watching something

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Speaker 1: live or edited. And you can obviously could tell and

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Speaker 1: that relay race that it was edited, but you know

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Speaker 1: less they had a little alive icon up in the

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Speaker 1: corner of the screen. It was very hard to tell. Yeah,

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Speaker 1: there are too many choices, and yes you could find

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Speaker 1: whatever event you wanted to watch, but you had to

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Speaker 1: be prepared to dig around for you know, ten twenty

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Speaker 1: minutes before you actually found it. By that time, why

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Speaker 1: don't you just go on YouTube? And by back at

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Speaker 1: my day when Jim McKay was called it, the film

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Speaker 1: came back at idle while and we watched it and

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Speaker 1: we loved it. Back then. We liked it that way

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Speaker 1: and we were thankful to get that's true, that that's

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Speaker 1: the way they had to do it back then, is

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Speaker 1: that the film had to come back from wherever they

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Speaker 1: were doing the Olympics and then they would be able

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Speaker 1: to show it. So they had to fly. But speaking

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Speaker 1: of flying, because I'm a degenerate gambler, yes i am,

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Speaker 1: I admitted Draft Kings they have reached an agreement to

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Speaker 1: acquire Golden Nugget online gaming in an all stock transactions. Girl.

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Speaker 1: You know, the first thing I had when I saw

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Speaker 1: this headline was okay, Golden Nuggets, that's basically online gaming, right,

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Speaker 1: and it's just casino style games. Draft Kings once upon

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Speaker 1: a time was full on selling this idea that they

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Speaker 1: are games of skill, um, not games of luck. Right,

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Speaker 1: games of luck is full on gambling. But you know,

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Speaker 1: fantasy sports was games of skill. Now it's you know,

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Speaker 1: we've given up all pretense of that because on sports

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Speaker 1: of gambling is legal. Is still a fan that if

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Speaker 1: you go fantasy it is a game of skill because

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Speaker 1: you have to First of all, you have to do

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Speaker 1: your homework because you're not gonna win a Tuton thing

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Speaker 1: if you don't do your homework. You do, I do

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Speaker 1: a lot because in fact, we got the NFL Draft

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Speaker 1: that's coming up, and already it's like, okay, I gotta

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Speaker 1: go through this team. I gotta go through that team.

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Speaker 1: Is like who's gonna go who's gonna be high? What

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Speaker 1: players do I want? I mean, you can go on

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Speaker 1: and on and on, and I almost pick Lynchy for

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Speaker 1: like my kicker, because he's like magnificent at what he does.

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Speaker 1: But you know, Lynchy Is, it's like, what do you

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Speaker 1: what do you make of this? Because especially now, uh,

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Speaker 1: you know, Massachusetts is chomping at the bit to talk

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Speaker 1: about online gamble. So what do you think. I think

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Speaker 1: Colorado is coming in today. So the list is growing

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Speaker 1: and the line between professional sports and legalized gambling is

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Speaker 1: becoming more blurred every single day. And I always, I've

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Speaker 1: mentioned this before in the show, I wonder what Pete Rose,

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Speaker 1: who's than banned for lifetime gambling on baseball, what he's

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Speaker 1: thinking about right now when he can walk into Wrigley

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Speaker 1: Field and go to a kiosk and bet on something

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Speaker 1: that may may not happen in the seventh, eighth or

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Speaker 1: ninth inning. He's born forty years too early, Yes, you know,

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Speaker 1: just think of what he could do with that. You know,

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Speaker 1: I know you guys probably talked about this already, But

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Speaker 1: Evander Kane and and you know, players that kind of

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Speaker 1: put themselves in a position to affect the outcome of

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Speaker 1: sports and specific games. I still don't quite understand how

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Speaker 1: someone on a team sport like hockey can do that.

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Speaker 1: You're not really able to affect the outcome. I mean,

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Speaker 1: because we've seen superstars on teams that can't, you know,

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Speaker 1: get their team to five season. Well, the way you

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Speaker 1: do it is, let's say, for instance, and if you

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Speaker 1: can do it in hockey, you can do it in basketball.

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Speaker 1: You can do it whatever. Uh what you where you

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Speaker 1: make the money is someone might come to you and say, hey, listen, kid, Okay,

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Speaker 1: go ahead and win the game, but don't cover the spread. Okay,

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Speaker 1: but you can't win a game yourself as a player

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Speaker 1: on a team sport. But I can hold the ball.

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Speaker 1: Let's say I'm playing basketball. It's like I can hold

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Speaker 1: the ball and maybe shoot a shot that you know,

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Speaker 1: let's say it goes a little left or goes at right.

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Speaker 1: I can do that, dribble the ball off your knee

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Speaker 1: or something like that, assuming you're on the court at

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Speaker 1: the time, or assuming you're on the ice, like at

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Speaker 1: the pivotal moment. No, well, okay, let's say in hockey, Um,

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Speaker 1: let's say there's an empty net and you are favored

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Speaker 1: by one goal, and you're up by one goal, but

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Speaker 1: you don't want to win by two goals because the

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Speaker 1: other team is getting a goal and a half so

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Speaker 1: it's an empty net and you fire it down the

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Speaker 1: end of the ice and oh, I missed the nets.

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Speaker 1: Or you can take a stupid penalty and give the

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Speaker 1: other team of power play. Or if you're a goalie,

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Speaker 1: I mean, the goalie is the one person that can

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Speaker 1: change the outcome of a hockey game. Okay, so that's

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Speaker 1: the one we have to be careful. Not a vander

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Speaker 1: Kane correct correct, Yeah, I mean, but but there's still

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Speaker 1: a cog in the machinery. It still can happen. It's

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Speaker 1: I get but obviously, yeah, the goalie, you know, all

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Speaker 1: of a sudden, it is like, you know, my hand

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Speaker 1: is weak. I can't get in my hand up my glove.

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Speaker 1: I dropped my stick again. I mean, it can happen.

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Speaker 1: I just now we're talking, we're getting more into on

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Speaker 1: a totally different topic about affecting somebody on the ice,

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Speaker 1: and and you know, many of the bookie is like

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Speaker 1: giving a talk in the ear. But one thing we

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Speaker 1: were talking about Scarlett before we went on the air

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Speaker 1: is the end game betting. And I adore that. Wait,

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Speaker 1: so explain how you would watch a typical baseball game

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Speaker 1: then with your in game betting, because I'm old school

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Speaker 1: and I still kick back and watch the game. I

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Speaker 1: you know, clip the channel and I'm like, oh, this

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Speaker 1: is boring. Then I can serve the web at the

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Speaker 1: same time, and I'll just kind of look up every

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Speaker 1: once in a while if there's something interesting. But you've

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Speaker 1: taken it to new levels where every moment is exciting.

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Speaker 1: Oh yeah, Okay, let's say, uh, the Detroit Tigers played

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Speaker 1: the Cleveland Indians uh for the series recently, and there's

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Speaker 1: a point in the game. Uh, and I'm just making

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Speaker 1: something up where uh, maybe let's let's say Cleveland is

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Speaker 1: favorite to win the game. But as we're going on,

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Speaker 1: all of a sudden, the Detroit Tigers load the basis.

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Speaker 1: Now all now, the odds are going to change, and

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Speaker 1: it's just like, I don't want to be insulting to

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Speaker 1: anybody on Wall Street, but it's a lot like the

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Speaker 1: stock market, because you're gonna see those odds change all

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Speaker 1: of a sudden. It's like, Okay, originally I was betting, Uh,

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Speaker 1: you know, I put up eighty to win a hundred. Now,

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Speaker 1: all of a sudden, now that the bases are loaded,

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Speaker 1: now I gotta put up a hundred twenty to win

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Speaker 1: a hundred it changes. It's I mean, it really is amazing,

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Speaker 1: and you want to hopefully catch that before it changes

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Speaker 1: to one twenty. And the amazing thing there, Lynch, is

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Speaker 1: that this can happen for boring series as well as

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Speaker 1: exciting series, right correct, it's always until that horn sounds

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Speaker 1: or the left out is made that everything is in play,

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Speaker 1: in play betting, the calmer in game betting or live

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Speaker 1: it and it's just you know, the people that just

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Speaker 1: can't get enough of it. Uh, it look like they're

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Speaker 1: gonna be going down the down the toilet. They just

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Speaker 1: run over and they just double down on on something

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Speaker 1: that think's going to happen by the end of the game.

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Speaker 1: I've heard that toilet flash many times. While I feel bad,

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Speaker 1: I like, I don't want you all to think I'm

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Speaker 1: a degenerate gambler. You're the one who's been saying that,

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Speaker 1: Mike Barton, But I'm speaking as a degenerate gambler. I mean,

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Speaker 1: I I like, now, don't get me wrong, I mean,

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Speaker 1: don't don't be stupid. It's like I'm a big a

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Speaker 1: living out of this. No you're not, but you can

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Speaker 1: do you think overall your net upper net down. I

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Speaker 1: am saying I'm net up, but it's not by much

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Speaker 1: because it's it's hard for me. Uh. You know, I'm

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Speaker 1: like you in a way. It's like, Okay, I'll make

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Speaker 1: the initial bet and then you know, I don't have

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Speaker 1: time sometimes to watch the game intently the way I

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Speaker 1: want to. Uh, And then you know, of course, my

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Speaker 1: wife said is, hey, why don't you go mow the grass?

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Speaker 1: And that's the end of that. But so, but that's

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Speaker 1: part of the reason why a lot of money is

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Speaker 1: made in the in game dedic I mean, it's the

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Speaker 1: heck of a lot. And that's why every arena and

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Speaker 1: stadium needs really strong WiFi too. Yes, I'd be there. Uh.

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Speaker 1: This is the Bloomberg Business with Sports podcast. I'm Michael Bar.

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Speaker 1: You can follow me on Twitter gambling at Big Bar

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Speaker 1: Sports and I always differ and yield the Florida Big

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Speaker 1: Bar whenever and gambling comes around, and I will always

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Speaker 1: do so as long as I'm on this show. I'm

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Speaker 1: Micha Lynch. You can follow me with Lynch. They'll be

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Speaker 1: a CVB. And I'm Scarlet Food. I'm at Scarlet Food

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Speaker 1: on Twitter. We're here of course each and every Monday,

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Speaker 1: Wednesday and Thursday, we're exporing everything to do with the

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Speaker 1: world of money and sports. Seven out. By the way,

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Speaker 1: you're listening to Bloomberg Business of Sports on Bloomberg Radio

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Speaker 1: around the world and online wherever you get your podcast.

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Speaker 1: You gotten to know, no, when the all away, no

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Speaker 1: when the rust. You never come choke. But when you're

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Speaker 1: sitting at table, there will be time and up account

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Speaker 1: when the dews come