1 00:00:01,080 --> 00:00:05,120 Speaker 1: This is the Business of Sports from Bloomberg Radio every One. 2 00:00:05,240 --> 00:00:08,240 Speaker 1: I'm Jason Kelly and I'm Mike Lynch, and we're here Monday's, 3 00:00:08,240 --> 00:00:10,760 Speaker 1: Wednesdays and Thursday's exploring the big money issues in the 4 00:00:10,760 --> 00:00:13,120 Speaker 1: world of sports, talking to some of the biggest players 5 00:00:13,160 --> 00:00:16,639 Speaker 1: in the industry. And one of the most interesting and 6 00:00:16,720 --> 00:00:20,639 Speaker 1: important stories we and many others have been following is 7 00:00:20,680 --> 00:00:24,279 Speaker 1: the highly publicized and long running lawsuit between members of 8 00:00:24,320 --> 00:00:27,120 Speaker 1: the U S women's national soccer team and the US 9 00:00:27,160 --> 00:00:30,920 Speaker 1: Soccer Federation. It's all about equal treatment and equal pay. 10 00:00:30,960 --> 00:00:34,199 Speaker 1: This month, players have agreed to settle claims over working 11 00:00:34,280 --> 00:00:38,320 Speaker 1: conditions and they're gonna look to appeal ruling related to pay. 12 00:00:38,360 --> 00:00:42,080 Speaker 1: As I mentioned, long running really captures this. Here's what 13 00:00:42,400 --> 00:00:46,479 Speaker 1: Megan Rapino, arguably the best known star in the women's game, 14 00:00:46,560 --> 00:00:49,839 Speaker 1: said last July. I think that we can do a 15 00:00:49,880 --> 00:00:53,120 Speaker 1: lot more, a lot more quickly. I think that it 16 00:00:53,360 --> 00:00:56,279 Speaker 1: is a complicated issue, and I think sometimes we get 17 00:00:56,320 --> 00:00:57,880 Speaker 1: in the weeds about it. You can't see the force 18 00:00:57,960 --> 00:01:00,880 Speaker 1: for the trees when you know big sponsors can just 19 00:01:01,000 --> 00:01:04,000 Speaker 1: write the check. These are some of the most powerful corporations, 20 00:01:04,040 --> 00:01:05,880 Speaker 1: not just in sports, but in the world, and have 21 00:01:06,000 --> 00:01:08,680 Speaker 1: so much weight that they can throw around. UM, and 22 00:01:08,680 --> 00:01:10,399 Speaker 1: I think that they just need to get comfortable throwing 23 00:01:10,400 --> 00:01:13,800 Speaker 1: it around. And that's making Rappino, speaking on Meet the 24 00:01:13,880 --> 00:01:18,199 Speaker 1: Press in July of t nineteen, shortly after another big 25 00:01:18,200 --> 00:01:20,480 Speaker 1: win for the women's national team. Well, one person who 26 00:01:20,480 --> 00:01:23,560 Speaker 1: has been right in the middle of all this Cardel Spangler. 27 00:01:23,680 --> 00:01:25,760 Speaker 1: She's a partner at Winston and Strawn. She joins us 28 00:01:25,800 --> 00:01:28,680 Speaker 1: from Chicago. This is the law firm that has represented 29 00:01:28,800 --> 00:01:32,160 Speaker 1: the US women's national soccer team in this legal fight. Cardel. 30 00:01:32,280 --> 00:01:34,720 Speaker 1: Really nice to have you with Lynch and me. As 31 00:01:34,720 --> 00:01:38,679 Speaker 1: I said, we've been following the story very closely. Twists 32 00:01:38,680 --> 00:01:41,560 Speaker 1: and turns to say the least, but this is a 33 00:01:41,680 --> 00:01:45,240 Speaker 1: big moment, an important moment, not the last part of 34 00:01:45,240 --> 00:01:47,920 Speaker 1: the fight, but a big deal. Tell us what we 35 00:01:47,960 --> 00:01:51,640 Speaker 1: need to know about where we are right now. UM. Sure, Well, 36 00:01:51,680 --> 00:01:56,320 Speaker 1: I think long running first is an appropriate description of 37 00:01:56,360 --> 00:01:59,560 Speaker 1: this of this matter. UM. As many of your viewers 38 00:01:59,560 --> 00:02:01,560 Speaker 1: may know, this actually started almost four and a half 39 00:02:01,640 --> 00:02:05,520 Speaker 1: years ago when we first filed charges of discrimination with 40 00:02:05,600 --> 00:02:08,720 Speaker 1: the e o C. So that was in two thousand sixteen. UM, 41 00:02:08,760 --> 00:02:12,320 Speaker 1: and you know this fight is still going on. UM, 42 00:02:12,360 --> 00:02:15,680 Speaker 1: But this is a big, big step forward, UM in 43 00:02:16,000 --> 00:02:20,560 Speaker 1: resolving the working conditions claims. So for your listeners, that 44 00:02:20,639 --> 00:02:26,240 Speaker 1: means UM claims around charter flights and playing surfaces like 45 00:02:26,480 --> 00:02:31,239 Speaker 1: grass versus turf, and hotel accommodations. You know, the women 46 00:02:31,320 --> 00:02:34,280 Speaker 1: have taken a big step forward and being treated at 47 00:02:34,360 --> 00:02:37,400 Speaker 1: least equally to the members of the men's national team. 48 00:02:37,720 --> 00:02:40,560 Speaker 1: And so cardell, I know this an unsettled part of 49 00:02:40,560 --> 00:02:43,440 Speaker 1: this equation here and that is an equal compensation. Tell 50 00:02:43,480 --> 00:02:47,040 Speaker 1: me why the judge denied that and what is happening 51 00:02:47,080 --> 00:02:51,080 Speaker 1: going forward from there. Yeah, so this is a little 52 00:02:51,120 --> 00:02:55,160 Speaker 1: bit of background. UM. The claims that we've filed on 53 00:02:55,240 --> 00:03:01,160 Speaker 1: behalf of UM of these champion women. We're really twofold. One. Uh. 54 00:03:01,520 --> 00:03:04,760 Speaker 1: Part of it was the pay discrimination claims, so we 55 00:03:04,840 --> 00:03:08,040 Speaker 1: alleged that the players had been denied equal pay and 56 00:03:08,080 --> 00:03:10,639 Speaker 1: we believe that that is that that is true, UM. 57 00:03:10,720 --> 00:03:13,239 Speaker 1: And then the second part of that was the working 58 00:03:13,240 --> 00:03:15,280 Speaker 1: conditions claims, so that not only were they not being 59 00:03:15,320 --> 00:03:18,040 Speaker 1: paid equally, but they weren't being treated equally with respect 60 00:03:18,080 --> 00:03:21,200 Speaker 1: to other terms and conditions of employment light as they said, 61 00:03:21,320 --> 00:03:24,480 Speaker 1: you know, playing surfaces and hotel accommodations and professional support 62 00:03:24,520 --> 00:03:29,560 Speaker 1: and other things. UM. The judge had a split ruling 63 00:03:30,120 --> 00:03:34,240 Speaker 1: in May of this year on whether or not UM 64 00:03:34,360 --> 00:03:37,080 Speaker 1: the pay claims and the working conditions claims should go 65 00:03:37,200 --> 00:03:40,960 Speaker 1: to trial, and he ruled on the pay claims UM 66 00:03:41,120 --> 00:03:44,800 Speaker 1: that the case of should should not go to trial 67 00:03:45,600 --> 00:03:49,920 Speaker 1: UM and effectively you know, terminated that pending appeal UM 68 00:03:50,120 --> 00:03:54,119 Speaker 1: for you know a few different reasons, UM, but largely 69 00:03:54,200 --> 00:03:58,160 Speaker 1: he didn't find, you know, that the players had put 70 00:03:58,200 --> 00:04:02,000 Speaker 1: forth enough evidence at this point to be able to 71 00:04:02,520 --> 00:04:05,680 Speaker 1: move their pay climes forward. He did, however, find that 72 00:04:05,760 --> 00:04:08,800 Speaker 1: the players put forth enough evidence UM at this point 73 00:04:08,880 --> 00:04:12,680 Speaker 1: litigation to move forward to a trial on their working 74 00:04:12,680 --> 00:04:15,160 Speaker 1: conditions claims. UM. So I just wanted to make sure 75 00:04:15,160 --> 00:04:17,800 Speaker 1: that we were clear on those two parts. So Cardell, 76 00:04:18,040 --> 00:04:20,480 Speaker 1: let's go back a step, but if we can, because 77 00:04:21,000 --> 00:04:25,360 Speaker 1: this in some ways is so high profile. Obviously you 78 00:04:25,839 --> 00:04:29,599 Speaker 1: come at this from the perspective of a very experienced 79 00:04:29,640 --> 00:04:34,400 Speaker 1: lawyer around a much broader view of the world than 80 00:04:34,520 --> 00:04:37,920 Speaker 1: just sports. You know, you've you've worked on pharmaceutical cases 81 00:04:38,000 --> 00:04:40,640 Speaker 1: and all sorts of discrimination cases. Tell us a little 82 00:04:40,640 --> 00:04:42,960 Speaker 1: bit about how you got into this. I have to say, 83 00:04:43,480 --> 00:04:45,839 Speaker 1: this has to be a cool assignment, and I want 84 00:04:45,839 --> 00:04:48,120 Speaker 1: to know sort of how you got into it. Yeah, 85 00:04:48,160 --> 00:04:50,520 Speaker 1: it's a it's a great case, UM. And I've been 86 00:04:50,600 --> 00:04:54,440 Speaker 1: very privileged to have worked on it throughout its life. 87 00:04:54,880 --> 00:04:58,000 Speaker 1: So from the very very beginning, UM, and you know, 88 00:04:58,040 --> 00:05:01,400 Speaker 1: I got involved, UM And I will tell you when 89 00:05:01,400 --> 00:05:04,200 Speaker 1: I got involved, it wasn't clear to me that this 90 00:05:04,360 --> 00:05:07,560 Speaker 1: was something that could go forward because it wasn't clear 91 00:05:07,600 --> 00:05:11,520 Speaker 1: to be that US Soccer actually employed both the men's 92 00:05:11,600 --> 00:05:14,840 Speaker 1: players and the women's players, which is really critical in 93 00:05:14,839 --> 00:05:18,600 Speaker 1: a case where you're alleging violations of the statutes that 94 00:05:18,640 --> 00:05:21,480 Speaker 1: were claiming right UH to Title seven and the Equal 95 00:05:21,520 --> 00:05:25,040 Speaker 1: Pay Act. But it became pretty clear that US Soccer 96 00:05:25,120 --> 00:05:28,039 Speaker 1: in fact employees both the women's national team players and 97 00:05:28,080 --> 00:05:31,279 Speaker 1: the men's national team players. UM. And so when that 98 00:05:31,440 --> 00:05:34,720 Speaker 1: became clear UM, and Jeffrey Tessler, my my co lead 99 00:05:34,800 --> 00:05:38,080 Speaker 1: on this case, also a partner at Winston and Straun UM, 100 00:05:38,200 --> 00:05:40,480 Speaker 1: asked me to get involved. He's a sports lawyer. He 101 00:05:40,520 --> 00:05:43,920 Speaker 1: does a lot of UM, various types of sports litigation, 102 00:05:44,000 --> 00:05:46,440 Speaker 1: but not as much on the employment side. And I'm 103 00:05:46,440 --> 00:05:50,919 Speaker 1: an employment UM specialist employment law specialists, so I looked 104 00:05:50,920 --> 00:05:54,599 Speaker 1: at it from the employment law perspective. UM. And you know, 105 00:05:54,680 --> 00:05:58,320 Speaker 1: with the team decided that this was a case that 106 00:05:58,440 --> 00:06:03,039 Speaker 1: was really viable and terms of holding UM a sports 107 00:06:03,160 --> 00:06:09,360 Speaker 1: organization accountable for paying its male and female players UM 108 00:06:09,400 --> 00:06:14,960 Speaker 1: equally because they perform equal work at least equal work UM, 109 00:06:15,000 --> 00:06:18,120 Speaker 1: and that they should also be treated equally in connection 110 00:06:18,160 --> 00:06:20,560 Speaker 1: with all the other terms and conditions of employment. So 111 00:06:20,600 --> 00:06:22,880 Speaker 1: that's how I got involved back in two thousand sixteen, 112 00:06:23,600 --> 00:06:27,680 Speaker 1: really as an employment law specialist and trying to figure 113 00:06:27,720 --> 00:06:30,640 Speaker 1: out if this was a case that that could be 114 00:06:30,680 --> 00:06:33,320 Speaker 1: brought forward in the court. So, the pay structure between 115 00:06:33,360 --> 00:06:36,359 Speaker 1: the men and women, from my understanding, is different. The 116 00:06:36,400 --> 00:06:39,200 Speaker 1: women have fixed salaries and the men get only get 117 00:06:39,200 --> 00:06:41,240 Speaker 1: paid if they play and they have bonuses, but the 118 00:06:41,279 --> 00:06:43,960 Speaker 1: women do not have bonuses. Is that correct, UM, Well, 119 00:06:44,000 --> 00:06:47,960 Speaker 1: there's been some changes to the pay structures over time, 120 00:06:48,120 --> 00:06:53,800 Speaker 1: but that is a generally accurate way of UM of 121 00:06:53,880 --> 00:06:57,200 Speaker 1: stating at the women UM have a some of the 122 00:06:57,200 --> 00:07:01,200 Speaker 1: women all of them have a salary and bonuses on 123 00:07:01,279 --> 00:07:06,320 Speaker 1: top of that. And the men generally have bonuses UH 124 00:07:06,600 --> 00:07:12,440 Speaker 1: minimums for certain games played and then additional bonuses if 125 00:07:13,280 --> 00:07:17,640 Speaker 1: depending on whether they win, lose, retie and so card 126 00:07:17,880 --> 00:07:22,440 Speaker 1: I mean obviously publicity and the and I guess the 127 00:07:22,640 --> 00:07:27,840 Speaker 1: profile of the team has risen dramatically. It was high 128 00:07:27,920 --> 00:07:34,200 Speaker 1: in but by nineteen you know, when you have Rapino 129 00:07:34,400 --> 00:07:37,160 Speaker 1: is arguably one of the best known athletes in the world. 130 00:07:37,280 --> 00:07:40,920 Speaker 1: I mean sort of her signature move, you know, throwing 131 00:07:40,920 --> 00:07:43,040 Speaker 1: her arms up. This is this is where I'm I'm 132 00:07:43,080 --> 00:07:45,240 Speaker 1: disappointed that we're doing a podcast because you would see 133 00:07:45,240 --> 00:07:48,160 Speaker 1: me right now throwing my arms up. Um. You know, 134 00:07:48,200 --> 00:07:52,920 Speaker 1: I mean she became both, you know, a pre eminent spokesperson, 135 00:07:53,600 --> 00:07:58,200 Speaker 1: a lightning rod, it became political. How does that play 136 00:07:58,240 --> 00:08:01,559 Speaker 1: into a case like this, you know, sort of the 137 00:08:01,600 --> 00:08:05,240 Speaker 1: public and the political aspects of it. Does it help 138 00:08:05,280 --> 00:08:08,040 Speaker 1: does it hurt? On balance? Yeah, that's a that's a 139 00:08:08,080 --> 00:08:12,560 Speaker 1: great question. You know, from the legal perspective. Um, you know, 140 00:08:12,640 --> 00:08:16,320 Speaker 1: we try very hard to focus on, um, you know, 141 00:08:16,440 --> 00:08:20,840 Speaker 1: what will resonate with with the judge and ultimately with 142 00:08:21,200 --> 00:08:24,480 Speaker 1: a jury, and some of that may take into account, 143 00:08:24,680 --> 00:08:28,120 Speaker 1: you know, the public piece of it, A lot of 144 00:08:28,120 --> 00:08:32,480 Speaker 1: it quite frankly doesn't. But the publicity around it, even 145 00:08:32,520 --> 00:08:36,760 Speaker 1: the political nature around it, UM, has been I think, 146 00:08:36,920 --> 00:08:45,560 Speaker 1: on balance, really important because it highlights that even these 147 00:08:46,040 --> 00:08:53,600 Speaker 1: incredibly famous, accomplished um, you know, champion women you know, 148 00:08:53,800 --> 00:08:59,120 Speaker 1: have to sue their employer UM and you know endure 149 00:08:59,760 --> 00:09:03,559 Speaker 1: and I will I use that word deliberately endure UM 150 00:09:03,600 --> 00:09:07,840 Speaker 1: a year's long legal battle to try to get what 151 00:09:07,920 --> 00:09:11,679 Speaker 1: they are entitled to under the law. UM. And so 152 00:09:11,720 --> 00:09:17,400 Speaker 1: I think that's important for your everyday worker UM to 153 00:09:17,559 --> 00:09:22,280 Speaker 1: know that while it is not necessarily in the battle, UM, 154 00:09:22,320 --> 00:09:25,240 Speaker 1: it's one that you can take on, UM and one 155 00:09:25,280 --> 00:09:28,200 Speaker 1: that you should take on if you believe that you 156 00:09:28,280 --> 00:09:31,439 Speaker 1: are not being treated appropriately, you know, with your by 157 00:09:31,440 --> 00:09:35,360 Speaker 1: your employer. UM. So it's it's it's tough. It's tough 158 00:09:35,400 --> 00:09:38,960 Speaker 1: to say how that ultimately UM plays out, you know, 159 00:09:39,160 --> 00:09:42,920 Speaker 1: in terms of the court battle. But I think in 160 00:09:42,960 --> 00:09:47,120 Speaker 1: the court of public opinion, it has been really important 161 00:09:47,400 --> 00:09:50,880 Speaker 1: for the sports world and UM, you know, the work 162 00:09:50,960 --> 00:09:54,280 Speaker 1: world in general for these women to be uh so 163 00:09:55,080 --> 00:10:00,160 Speaker 1: UM generous with their time, with their efforts and with 164 00:10:00,320 --> 00:10:04,319 Speaker 1: their uh with their strategy, with everything to move this 165 00:10:04,400 --> 00:10:08,600 Speaker 1: matter forward. Cardinal Beck. In May, President elect Joe Biden 166 00:10:08,640 --> 00:10:11,640 Speaker 1: tweeted out to US soccer equal pay now or else 167 00:10:11,679 --> 00:10:14,840 Speaker 1: when I'm president, you can go elsewhere for World Cup funding. 168 00:10:15,720 --> 00:10:18,000 Speaker 1: Is that taking it's just just a Rara speech or 169 00:10:18,040 --> 00:10:21,960 Speaker 1: is that something that might rattle US Soccer a little bit. Well, 170 00:10:21,960 --> 00:10:24,520 Speaker 1: that's a great question, and I guess you have to 171 00:10:24,559 --> 00:10:29,680 Speaker 1: ask US Soccer uh that question. UM. We certainly hope 172 00:10:30,200 --> 00:10:35,280 Speaker 1: that that is that was not a ra ra um speech. UM. 173 00:10:35,600 --> 00:10:39,880 Speaker 1: This is important. Uh. These women have proven over and 174 00:10:39,920 --> 00:10:42,760 Speaker 1: over again, uh that they are the best in the 175 00:10:42,800 --> 00:10:46,840 Speaker 1: world at what they do. UM. They bring in more 176 00:10:46,880 --> 00:10:52,800 Speaker 1: revenue to US Soccer. UM. They their publicity, their profile 177 00:10:53,080 --> 00:10:57,319 Speaker 1: is higher than anyone else um in the US soccer universe. 178 00:10:57,880 --> 00:11:01,000 Speaker 1: So they they are not asking to be given anything. 179 00:11:01,600 --> 00:11:05,120 Speaker 1: They have earned what they are asking for. UM. And 180 00:11:05,160 --> 00:11:10,280 Speaker 1: so I am hopeful that uh the potentially raw ross speech, 181 00:11:10,320 --> 00:11:15,120 Speaker 1: but hopefully it's not UM, well for you know, US soccer. Uh, 182 00:11:15,200 --> 00:11:18,200 Speaker 1: you know, into action on the pay client CARDI what 183 00:11:18,520 --> 00:11:21,600 Speaker 1: role do you think, especially knowing corporations that the way 184 00:11:21,600 --> 00:11:24,560 Speaker 1: you do, having worked again across the landscape when it 185 00:11:24,600 --> 00:11:29,480 Speaker 1: comes to employment law and fairness around compensation, what role 186 00:11:29,600 --> 00:11:32,520 Speaker 1: do corporations as sponsors play here? You know, we've heard 187 00:11:32,559 --> 00:11:35,400 Speaker 1: Megan Rapino and others talk about the fact that this 188 00:11:35,440 --> 00:11:39,319 Speaker 1: isn't part of solvable problem by the corporations who ultimately 189 00:11:39,440 --> 00:11:44,520 Speaker 1: support these sports and support women's soccer specifically what's the 190 00:11:44,600 --> 00:11:47,160 Speaker 1: public aspect of that, what's the legal aspect of that? 191 00:11:47,200 --> 00:11:51,560 Speaker 1: In your estimation, the legal aspect of it is, let's 192 00:11:51,559 --> 00:11:54,440 Speaker 1: put it this way. We actually spent a little time 193 00:11:54,480 --> 00:11:57,079 Speaker 1: with a couple of the of the of the sponsors 194 00:11:57,360 --> 00:11:59,520 Speaker 1: in the litigation. We actually depose a couple of the 195 00:11:59,600 --> 00:12:03,840 Speaker 1: of the answers UM, and they were important depositions UM 196 00:12:03,840 --> 00:12:07,600 Speaker 1: in the sense that UH to the extent that anyone 197 00:12:07,800 --> 00:12:11,920 Speaker 1: was claiming that the women UH do not bring UH 198 00:12:12,080 --> 00:12:16,240 Speaker 1: equal value, that sponsors are not interested in a sponsoring 199 00:12:16,320 --> 00:12:20,200 Speaker 1: only the women's team, that if they're really basically drafting 200 00:12:20,240 --> 00:12:23,840 Speaker 1: off of the men's team, that UH was laid to 201 00:12:23,880 --> 00:12:27,760 Speaker 1: waste UM. That the sponsors are very interested in the 202 00:12:27,800 --> 00:12:31,640 Speaker 1: women's team UM in particular UM. And because of that, 203 00:12:32,240 --> 00:12:36,480 Speaker 1: So taking now this outside of the legal piece of it, UM, 204 00:12:36,679 --> 00:12:39,840 Speaker 1: there's a role I think for them to play in 205 00:12:40,800 --> 00:12:43,840 Speaker 1: UM saying to US Soccer that you know, equal pay, 206 00:12:43,960 --> 00:12:49,200 Speaker 1: equal working conditions are so important to them as sponsors 207 00:12:49,200 --> 00:12:53,200 Speaker 1: that if UM that is not achieved by US Soccer, 208 00:12:53,280 --> 00:12:57,160 Speaker 1: that there could be some ramifications. So it's dislike with 209 00:12:58,000 --> 00:13:03,360 Speaker 1: news and sponsors or UM corporations and UH and and 210 00:13:03,559 --> 00:13:07,240 Speaker 1: they're advertising dollars. All of those things matter in the 211 00:13:07,360 --> 00:13:12,520 Speaker 1: end because it means money UM in US soccer's coffers, UM, 212 00:13:12,559 --> 00:13:16,480 Speaker 1: and so uh, you know, I think it's important. It's 213 00:13:16,520 --> 00:13:18,800 Speaker 1: important for sponsors, as Megan said at the top of 214 00:13:18,840 --> 00:13:23,200 Speaker 1: your program, UH to UM, think about what kind of 215 00:13:23,280 --> 00:13:28,600 Speaker 1: influence they can have outside of the legal UM uh 216 00:13:29,080 --> 00:13:34,880 Speaker 1: fear to help move some of these really important issues forward. 217 00:13:35,080 --> 00:13:37,160 Speaker 1: And I think we've seen some of them do that, 218 00:13:37,480 --> 00:13:39,800 Speaker 1: and I think, as Megan said, you know, we would 219 00:13:39,880 --> 00:13:42,200 Speaker 1: courage more of them to do, saying Cardinal, I have 220 00:13:42,440 --> 00:13:44,760 Speaker 1: three daughters, They're all in their thirties right now, so 221 00:13:44,960 --> 00:13:47,160 Speaker 1: I'm very sensitive to this issue. Why are we still 222 00:13:47,200 --> 00:13:50,000 Speaker 1: talking about this in the year and will be? Will 223 00:13:50,080 --> 00:13:52,480 Speaker 1: we be talking about it in the year? I mean, 224 00:13:53,440 --> 00:13:57,400 Speaker 1: if why are we still talking about this? I really 225 00:13:57,480 --> 00:14:00,600 Speaker 1: wish I knew the answer to that. I think we'd 226 00:14:00,600 --> 00:14:03,960 Speaker 1: all be better off if there were some silver bullet 227 00:14:04,360 --> 00:14:10,040 Speaker 1: UM that you know, could be fired to resolve this issue. UM. 228 00:14:10,120 --> 00:14:14,359 Speaker 1: But you know you're talking about, in particularly in certain industries, 229 00:14:15,160 --> 00:14:20,880 Speaker 1: very deep seated beliefs about the value that women bring 230 00:14:21,240 --> 00:14:25,560 Speaker 1: to something like sports, UM, and they have been undervalued 231 00:14:25,640 --> 00:14:30,280 Speaker 1: and underappreciated for many many many years, and that's not 232 00:14:30,440 --> 00:14:34,840 Speaker 1: going to be resolved instantaneously. Unfortunately. I wish that were 233 00:14:34,880 --> 00:14:38,560 Speaker 1: the case, UM, But I think what we're seeing now 234 00:14:38,760 --> 00:14:44,680 Speaker 1: is the culmination of decades and decades of UM devaluing 235 00:14:44,800 --> 00:14:49,040 Speaker 1: an entire group of people, and unfortunately that is going 236 00:14:49,080 --> 00:14:51,720 Speaker 1: to take a really long time to resolve. This is 237 00:14:51,840 --> 00:14:54,520 Speaker 1: one step forward, but there's gonna have to be a 238 00:14:54,560 --> 00:14:57,320 Speaker 1: lot of these steps forwards, um, in order to ultimately 239 00:14:57,360 --> 00:14:59,920 Speaker 1: get there. So, cardell, as we wrap up a mean, 240 00:15:00,640 --> 00:15:03,600 Speaker 1: maybe on a slightly optimistic note, I do think about, 241 00:15:03,720 --> 00:15:06,800 Speaker 1: you know, this decision, which obviously is one in a 242 00:15:06,920 --> 00:15:10,440 Speaker 1: series that that you're hopeful for, UM. But you know, 243 00:15:10,480 --> 00:15:14,880 Speaker 1: I think about the outpouring of you know, both grief 244 00:15:14,920 --> 00:15:17,320 Speaker 1: and hope in the passing of Ruth Bader Ginsburg, who 245 00:15:17,360 --> 00:15:21,800 Speaker 1: obviously fought so valiantly around these issues as a lawyer 246 00:15:21,840 --> 00:15:24,800 Speaker 1: and then obviously as a Supreme Court justice. Does it 247 00:15:25,080 --> 00:15:29,040 Speaker 1: feel like as awful a year as it has been 248 00:15:29,040 --> 00:15:32,480 Speaker 1: in so many regards that we may look back on 249 00:15:32,520 --> 00:15:35,680 Speaker 1: this as something of a year where maybe things didn't 250 00:15:36,080 --> 00:15:38,400 Speaker 1: get solved, that they at least move forward in a 251 00:15:38,400 --> 00:15:41,440 Speaker 1: more meaningful way. Well, I guess we'll have to see, 252 00:15:42,000 --> 00:15:43,720 Speaker 1: we'll have to see what this, what the future holds, 253 00:15:43,800 --> 00:15:46,120 Speaker 1: and and and how people do look back, you know, 254 00:15:46,200 --> 00:15:49,120 Speaker 1: on this on this period of time. But I would 255 00:15:49,120 --> 00:15:55,520 Speaker 1: say say this, UM, I always am deeply encouraged by 256 00:15:55,600 --> 00:16:01,600 Speaker 1: people who are willing to fight, because fight is not easy, right, 257 00:16:01,640 --> 00:16:04,560 Speaker 1: It takes a toll, um. And I think that what 258 00:16:04,600 --> 00:16:08,760 Speaker 1: we've seen in is that people are willing to fight 259 00:16:09,080 --> 00:16:11,800 Speaker 1: on all kinds of different fronts, for all kinds of 260 00:16:11,840 --> 00:16:16,360 Speaker 1: different issues, UM. And the only way that we're going 261 00:16:16,400 --> 00:16:22,120 Speaker 1: to get lasting, effectual change is for people to to 262 00:16:22,240 --> 00:16:24,680 Speaker 1: fight for what they believe in. And we've seen that 263 00:16:24,840 --> 00:16:29,000 Speaker 1: over and over and over again. So I do think 264 00:16:29,000 --> 00:16:33,080 Speaker 1: that there will be some lasting effect of that, not 265 00:16:33,160 --> 00:16:37,120 Speaker 1: just on this front, but on lots of others. UM. 266 00:16:37,200 --> 00:16:39,680 Speaker 1: And I hope that you know, people take that fighting 267 00:16:39,720 --> 00:16:43,640 Speaker 1: spirit forward into one and beyond so that we can 268 00:16:43,680 --> 00:16:47,080 Speaker 1: start to see even more change. Well, we certainly appreciate 269 00:16:47,120 --> 00:16:49,280 Speaker 1: your time. We should also note, UM, that we have 270 00:16:49,400 --> 00:16:52,680 Speaker 1: reached out to Latham and Watkins. They are representing US 271 00:16:52,720 --> 00:16:56,880 Speaker 1: Soccer on the other side of this litigation and negotiation. 272 00:16:57,000 --> 00:17:00,520 Speaker 1: They did give a statement, uh to Bloomberg. This is 273 00:17:00,600 --> 00:17:03,160 Speaker 1: according to Jamie Wine, one of the partners. There were 274 00:17:03,160 --> 00:17:05,240 Speaker 1: please the US Soccer and the Women's national team players 275 00:17:05,240 --> 00:17:08,360 Speaker 1: were able to work collaboratively to resolve the non compensation 276 00:17:08,359 --> 00:17:11,680 Speaker 1: claims their ongoing litigations. Throughout the new negotiations, Latham sought 277 00:17:11,760 --> 00:17:13,960 Speaker 1: to implement the vision of US Soccer's new leadership to 278 00:17:13,960 --> 00:17:17,320 Speaker 1: reinforce a strong relationship between it and the w n T, 279 00:17:17,400 --> 00:17:20,800 Speaker 1: the women's national team. The settlement reflects US Soccer's continuing 280 00:17:20,800 --> 00:17:24,359 Speaker 1: commitment to equal treatment of the senior national teams. We 281 00:17:24,520 --> 00:17:27,800 Speaker 1: hopefully we'll hear from Latham and Watkins on the other 282 00:17:27,800 --> 00:17:30,240 Speaker 1: side of that on this program next week. This is 283 00:17:30,240 --> 00:17:33,520 Speaker 1: obviously a very important issue and uh, as Cardel said, 284 00:17:33,560 --> 00:17:36,600 Speaker 1: it's not over yet, so lots more to talk about. Cardell, 285 00:17:36,800 --> 00:17:40,240 Speaker 1: thank you so much. Happy holidays to you, best of 286 00:17:40,320 --> 00:17:43,680 Speaker 1: luck going forward on this. As I said, and I've 287 00:17:43,720 --> 00:17:46,040 Speaker 1: said that number of times on this program, it's a 288 00:17:46,040 --> 00:17:48,280 Speaker 1: really important issue and we're we're glad you're able to 289 00:17:48,280 --> 00:17:50,240 Speaker 1: spend some time with us. Thank you, thanks for having me, 290 00:17:50,480 --> 00:17:52,480 Speaker 1: and you can catch our podcast right here every Monday, 291 00:17:52,560 --> 00:17:56,280 Speaker 1: Wednesday and Thursday. And as I mentioned, next Monday, we 292 00:17:56,480 --> 00:17:59,840 Speaker 1: expect to have the other side of this argument, getting 293 00:18:00,040 --> 00:18:03,920 Speaker 1: into what equal pay looks like the argument around equal 294 00:18:03,960 --> 00:18:07,880 Speaker 1: pay and equal treatment from US Soccer's perspective. We will 295 00:18:07,920 --> 00:18:11,159 Speaker 1: have Latham and Watkins weighing in on that in the meantime. 296 00:18:11,200 --> 00:18:13,920 Speaker 1: I'm Jason Kelly. Find me on Twitter at Jason Kelly, 297 00:18:13,960 --> 00:18:16,000 Speaker 1: newsmum Mike Lynch. You can follow me at Lynch e 298 00:18:16,200 --> 00:18:18,800 Speaker 1: w CVB, and you're listening to Bloomberg Business of Sports 299 00:18:18,800 --> 00:18:20,800 Speaker 1: from Bloomberg Radio around the world.