1
00:00:02,840 --> 00:00:05,880
Speaker 1: Hello, Michael, and I'm Evan nob Williams and this is

2
00:00:05,920 --> 00:00:09,120
Speaker 1: the Bloomberg Business of Sports podcast where we explore them

3
00:00:09,200 --> 00:00:12,440
Speaker 1: big money issues in the world of sports. Scott Sasnik

4
00:00:12,720 --> 00:00:16,120
Speaker 1: is off today. Today we begin with the Washington Redskins,

5
00:00:16,640 --> 00:00:20,040
Speaker 1: and there is a problem according to a New York

6
00:00:20,079 --> 00:00:25,320
Speaker 1: Times expose a concerning their cheerleading program. They wanted to be,

7
00:00:25,400 --> 00:00:29,639
Speaker 1: according to the Redskins, a safe and constructive environment. But

8
00:00:30,120 --> 00:00:34,080
Speaker 1: we are hearing, according to this Time's report, something totally opposite. Yeah,

9
00:00:34,240 --> 00:00:36,600
Speaker 1: some pretty ugly details in there from a number of

10
00:00:36,680 --> 00:00:39,800
Speaker 1: years ago, around two thousand thirteen. Uh, some of the

11
00:00:39,840 --> 00:00:42,920
Speaker 1: former Redskins cheerleaders saying that they were asked to post

12
00:00:42,960 --> 00:00:47,320
Speaker 1: topless in front of some wealthy donors to the cheerleading program. Uh.

13
00:00:47,360 --> 00:00:49,120
Speaker 1: There's a bit in there where they were asked to

14
00:00:49,280 --> 00:00:52,360
Speaker 1: allegedly asked to be escorts for a night out of

15
00:00:52,400 --> 00:00:56,280
Speaker 1: a nightclub with some of these donors as well. Overall,

16
00:00:56,600 --> 00:00:59,400
Speaker 1: a bad look if they're true for for the Redskins,

17
00:00:59,400 --> 00:01:01,640
Speaker 1: a bad look for the NFL. And this comes on

18
00:01:01,680 --> 00:01:04,200
Speaker 1: the heels of a lot of cheerleading headlines in the

19
00:01:04,200 --> 00:01:07,800
Speaker 1: past couple of years that have reflected poorly on individual teams.

20
00:01:07,880 --> 00:01:10,920
Speaker 1: The there's a Saints, a former Saints cheerleader earlier this

21
00:01:11,000 --> 00:01:13,000
Speaker 1: year who said that she was fired for posing a

22
00:01:13,040 --> 00:01:16,680
Speaker 1: photo on Instagram that they deemed was to risque. A

23
00:01:16,720 --> 00:01:19,399
Speaker 1: number of years ago, there was a minimum wage lawsuit

24
00:01:19,720 --> 00:01:22,760
Speaker 1: filed against a few teams, including the Bills and the

25
00:01:22,840 --> 00:01:26,679
Speaker 1: Raiders uh FOR for their compensation of cheerleaders. This is

26
00:01:26,760 --> 00:01:30,119
Speaker 1: part of a much larger issue uh for for individual

27
00:01:30,160 --> 00:01:32,440
Speaker 1: teams in The NFL has tried to stay out of this.

28
00:01:33,120 --> 00:01:36,800
Speaker 1: It's unclear, though, how long they can kind of claim

29
00:01:36,880 --> 00:01:40,199
Speaker 1: to be a neutral third party. Now, let's clarify something.

30
00:01:40,720 --> 00:01:44,160
Speaker 1: According to the Times report and what the cheerleaders said,

31
00:01:44,800 --> 00:01:48,040
Speaker 1: they said no sex was involved, but at least one

32
00:01:48,160 --> 00:01:53,240
Speaker 1: described the feeling as being pumped out. Yeah, and that's bad, honestly,

33
00:01:53,280 --> 00:01:55,559
Speaker 1: that that should that should never happen. The NFL's response

34
00:01:55,600 --> 00:01:58,120
Speaker 1: to this has been that teams are allowed to do

35
00:01:58,160 --> 00:02:01,920
Speaker 1: their own have their policies in with regards to cheerleaders.

36
00:02:02,400 --> 00:02:05,560
Speaker 1: My guess is that that will probably change. We've talked

37
00:02:05,600 --> 00:02:08,000
Speaker 1: to some labor lawyers who say that the NFL may

38
00:02:08,040 --> 00:02:10,600
Speaker 1: actually be liable despite the fact that they're not involved

39
00:02:10,600 --> 00:02:14,440
Speaker 1: in these decisions. Through some third party employer claims. Uh.

40
00:02:14,520 --> 00:02:17,200
Speaker 1: The NFL has said that they're willing to talk to teams,

41
00:02:17,639 --> 00:02:21,239
Speaker 1: share best practices, maybe even set some minimums, some bare

42
00:02:21,280 --> 00:02:23,920
Speaker 1: minimums in terms of how cheerleaders are treated. But the

43
00:02:23,960 --> 00:02:27,799
Speaker 1: fact is that this is a bad look for the Redskins,

44
00:02:27,840 --> 00:02:31,240
Speaker 1: of course for the league as a whole, especially at

45
00:02:31,240 --> 00:02:33,320
Speaker 1: a time when when the league is under fire for

46
00:02:33,360 --> 00:02:36,120
Speaker 1: so many different angles that we've discussed on the show.

47
00:02:36,919 --> 00:02:41,400
Speaker 1: Have we hit the moment where maybe the cheerleaders and

48
00:02:41,440 --> 00:02:44,440
Speaker 1: one person brought this up, maybe it's time for the

49
00:02:44,520 --> 00:02:48,120
Speaker 1: cheerleaders to go. It's funny you say that. The one

50
00:02:48,160 --> 00:02:50,799
Speaker 1: of the settlement. One of the things that they the

51
00:02:50,960 --> 00:02:54,040
Speaker 1: cheerleading groups have talked about is a desire that if

52
00:02:54,040 --> 00:02:55,840
Speaker 1: this lawsuit does go away, that they want to make

53
00:02:55,880 --> 00:02:59,079
Speaker 1: sure that teams can scrap their cheerleading programs. I mean,

54
00:02:59,080 --> 00:03:03,200
Speaker 1: they don't want the gacy of of mistreated cheerleader teams

55
00:03:03,240 --> 00:03:06,720
Speaker 1: to be that the cheerleaders disappeared from the NFL altogether.

56
00:03:07,160 --> 00:03:09,120
Speaker 1: Uh So, I think there will be some some harsh

57
00:03:09,160 --> 00:03:11,799
Speaker 1: pushback if there are teams that decide, you know what,

58
00:03:12,040 --> 00:03:14,800
Speaker 1: I think we're gonna scrap our cheerleading program because These

59
00:03:15,000 --> 00:03:18,160
Speaker 1: women obviously are cheerleading fans that they love what they do,

60
00:03:18,200 --> 00:03:20,720
Speaker 1: and they don't want the fact that they were mistreated

61
00:03:20,760 --> 00:03:23,000
Speaker 1: to be the reason why there are no more cheerleaders

62
00:03:23,000 --> 00:03:27,440
Speaker 1: in the future. What I don't understand is why, according

63
00:03:27,480 --> 00:03:31,880
Speaker 1: to many cheerleaders that they're underpaid. I don't understand that

64
00:03:31,919 --> 00:03:37,360
Speaker 1: we're talking about teams that make multi million dollars. Why

65
00:03:37,400 --> 00:03:40,280
Speaker 1: can't some of that revenue go towards paying the cheerleader.

66
00:03:40,520 --> 00:03:43,000
Speaker 1: It's a fifteen billion dollar league. I think a lot

67
00:03:43,040 --> 00:03:45,800
Speaker 1: of that kind of depends on how teams set it up.

68
00:03:45,840 --> 00:03:47,400
Speaker 1: You know that the Redskins are one of those teams

69
00:03:47,400 --> 00:03:49,440
Speaker 1: that do their cheerleaders in house. There are a lot

70
00:03:49,440 --> 00:03:52,520
Speaker 1: of other teams that just contract their way out, you know,

71
00:03:52,680 --> 00:03:57,160
Speaker 1: and let another party handle the entire cheerleading a cheerleading group.

72
00:03:57,400 --> 00:03:58,720
Speaker 1: One of the things that shocked me in this New

73
00:03:58,800 --> 00:04:01,280
Speaker 1: York Time story is that the donors, some of the

74
00:04:01,440 --> 00:04:03,800
Speaker 1: guys who were on this this trip to Costa Rica

75
00:04:03,840 --> 00:04:06,680
Speaker 1: in two thousand thirteen, they were paying for some of

76
00:04:06,720 --> 00:04:09,680
Speaker 1: the cheerleading teams travel to things like playoff games in

77
00:04:09,720 --> 00:04:12,480
Speaker 1: the Super Bowl. You know. So so there is obviously

78
00:04:12,480 --> 00:04:14,480
Speaker 1: it is not an organ part of the organization that's

79
00:04:14,480 --> 00:04:17,120
Speaker 1: flush with money, if they if they're using donors to

80
00:04:17,320 --> 00:04:20,479
Speaker 1: UH to pay for travel, etcetera. Let's talk about something

81
00:04:20,600 --> 00:04:23,720
Speaker 1: a little happier, especially the PAC twelve. But like, oh yes,

82
00:04:24,640 --> 00:04:28,520
Speaker 1: for the first time, the PAC twelve annual revenue topped

83
00:04:29,279 --> 00:04:32,440
Speaker 1: a half a billion dollars. This was such good news

84
00:04:32,440 --> 00:04:34,280
Speaker 1: for the PAC twelve that they changed the way they

85
00:04:34,320 --> 00:04:37,320
Speaker 1: announced their revenue. Usually every year you have to look

86
00:04:37,320 --> 00:04:39,880
Speaker 1: through the tax statements for the previous year figure out

87
00:04:39,880 --> 00:04:42,240
Speaker 1: what the PAC twelve made revenue. This number was so

88
00:04:42,320 --> 00:04:44,840
Speaker 1: good that they decided, you know what, let's put in

89
00:04:44,839 --> 00:04:48,200
Speaker 1: the press release. Let's have a press conference. UH, let's

90
00:04:48,240 --> 00:04:50,320
Speaker 1: project this out to the world with all of its

91
00:04:50,360 --> 00:04:55,480
Speaker 1: context and missing press release was yeah, boy, exactly exactly.

92
00:04:55,560 --> 00:04:59,000
Speaker 1: This is UH. The PAC twelve has UH for the

93
00:04:59,040 --> 00:05:01,880
Speaker 1: past couple of years kind of been maligned as struggling

94
00:05:01,920 --> 00:05:06,960
Speaker 1: financially with regards to the other major Power five conferences. UH,

95
00:05:07,000 --> 00:05:10,440
Speaker 1: and and five million dollars in annual revenue will get

96
00:05:10,480 --> 00:05:13,240
Speaker 1: them closer, doesn't quite get them all the way. If

97
00:05:13,240 --> 00:05:15,800
Speaker 1: you do the math on that, it's about thirty one

98
00:05:15,839 --> 00:05:19,200
Speaker 1: million dollars distributed to each PACK twelve team that pales

99
00:05:19,200 --> 00:05:21,960
Speaker 1: in comparison to the SEC, which is at forty one million.

100
00:05:22,240 --> 00:05:24,680
Speaker 1: It's even behind the Big twelve, which is at I

101
00:05:24,720 --> 00:05:27,359
Speaker 1: think thirty four million UM. But the fact of the

102
00:05:27,400 --> 00:05:29,719
Speaker 1: matter is that the Pack twelve has done some interesting

103
00:05:29,720 --> 00:05:31,800
Speaker 1: business things. We've talked about them on the show. They

104
00:05:31,839 --> 00:05:34,880
Speaker 1: own their own TV networks. No other conference has the

105
00:05:35,160 --> 00:05:37,960
Speaker 1: full ownership and operation of that. They've invested a lot

106
00:05:38,080 --> 00:05:41,080
Speaker 1: of money in Asia, and they expect that in the

107
00:05:41,200 --> 00:05:45,359
Speaker 1: future to bring in more money. But certainly eclipsing that

108
00:05:45,360 --> 00:05:47,280
Speaker 1: half a billion dollar revenue mark is is a big

109
00:05:47,279 --> 00:05:49,080
Speaker 1: deal for them. I was just gonna talk about that

110
00:05:49,080 --> 00:05:52,400
Speaker 1: that five hundred nine million dollars that includes the Pack

111
00:05:52,480 --> 00:05:55,320
Speaker 1: twelve networks. That's where a lot of this coin is

112
00:05:55,320 --> 00:05:57,880
Speaker 1: coming exactly. Yeah, this money comes from growth of the

113
00:05:57,880 --> 00:06:00,600
Speaker 1: Pack twelve networks. It comes from growth of the ESPN

114
00:06:00,680 --> 00:06:02,840
Speaker 1: Fox deal they signed a number of years ago, which

115
00:06:02,839 --> 00:06:05,640
Speaker 1: I believe was the most expensive media rights deal in

116
00:06:05,680 --> 00:06:09,880
Speaker 1: college football before before other leagues took it over UM.

117
00:06:09,920 --> 00:06:12,120
Speaker 1: But it will be interesting to see as we continue

118
00:06:12,120 --> 00:06:14,200
Speaker 1: to go if the PAC twelve can kind of slowly

119
00:06:14,279 --> 00:06:18,360
Speaker 1: catch up to you know, much more powerful richer leagues

120
00:06:18,880 --> 00:06:21,719
Speaker 1: like the SEC, like the a SEC. The Big ten's

121
00:06:21,839 --> 00:06:24,280
Speaker 1: number will jump really high with their new media rights

122
00:06:24,320 --> 00:06:27,320
Speaker 1: as well. I don't know, boy, my goodness about the SEC.

123
00:06:28,080 --> 00:06:30,080
Speaker 1: They make so much dog on money. I don't know

124
00:06:30,120 --> 00:06:32,680
Speaker 1: if anybody can catch It's funny. Yeah. As we talk

125
00:06:32,760 --> 00:06:37,400
Speaker 1: about the the the the growing argument over whether players

126
00:06:37,400 --> 00:06:40,000
Speaker 1: should get paid, whether college athletes should be compensated in

127
00:06:40,040 --> 00:06:43,040
Speaker 1: some other way, you look at these gaudy numbers and

128
00:06:43,080 --> 00:06:44,839
Speaker 1: you really think, you know, if there's gotta be a

129
00:06:44,880 --> 00:06:48,359
Speaker 1: way to cut players into the tens of millions of

130
00:06:48,400 --> 00:06:50,960
Speaker 1: dollars that every conference is giving out to it to

131
00:06:51,040 --> 00:06:55,839
Speaker 1: its principal schools. We have to talk about the Kentucky Derby,

132
00:06:55,880 --> 00:07:02,800
Speaker 1: which ended over the weekend kind of muddy, muddy, monsoon weather. Well,

133
00:07:02,839 --> 00:07:04,760
Speaker 1: that's what see. I'm glad. I don't think I can

134
00:07:04,880 --> 00:07:08,400
Speaker 1: run in that. I can't run if it's dry and sunny.

135
00:07:08,640 --> 00:07:12,920
Speaker 1: Let alone on that justify one. The race mendelsso in,

136
00:07:13,000 --> 00:07:17,360
Speaker 1: which I thought was going to just be superb got

137
00:07:17,400 --> 00:07:19,720
Speaker 1: an early bump right after coming out of the gate,

138
00:07:20,000 --> 00:07:24,120
Speaker 1: and Mendelssohn said, I'm done Matt racing in this stuff.

139
00:07:24,400 --> 00:07:27,640
Speaker 1: I'm grumpy, that's it. But you don't think I've ever

140
00:07:27,640 --> 00:07:30,080
Speaker 1: related to a horse more than I've related to Mendelson.

141
00:07:32,120 --> 00:07:34,040
Speaker 1: The thing about it, though, is that this was the

142
00:07:34,120 --> 00:07:39,640
Speaker 1: eighth most watched Kentucky Derby ever. Yeah from an attendance standpoint, Yeah,

143
00:07:39,640 --> 00:07:42,600
Speaker 1: over a hundred and fifty thousand people, um, in weather

144
00:07:42,720 --> 00:07:45,680
Speaker 1: like that. That's certainly a good uh, a good good

145
00:07:45,720 --> 00:07:48,080
Speaker 1: metric to fall back on a fear the Kentucky Derby.

146
00:07:48,240 --> 00:07:52,720
Speaker 1: They consistently the live product is so good for the

147
00:07:52,800 --> 00:07:55,280
Speaker 1: Kentucky Derby and really for the other two races as well,

148
00:07:55,400 --> 00:07:58,200
Speaker 1: especially if there's a triple triple crown on the line

149
00:07:58,240 --> 00:08:00,920
Speaker 1: moving forward into Belmont. Um. They have the benefit of

150
00:08:00,960 --> 00:08:03,640
Speaker 1: it being once a year, you know. Um, But as

151
00:08:03,760 --> 00:08:07,040
Speaker 1: so many other sports kind of struggle getting people into

152
00:08:07,080 --> 00:08:12,120
Speaker 1: the stands, the mix of the pomp and the style

153
00:08:12,360 --> 00:08:16,760
Speaker 1: and the concerts and the dressing up everything kind of

154
00:08:16,800 --> 00:08:22,040
Speaker 1: coalesces into this really compelling live event for the Kentucky Derby.

155
00:08:22,080 --> 00:08:23,760
Speaker 1: And you see that with a hundred and fifty thousand

156
00:08:23,840 --> 00:08:27,520
Speaker 1: people standing and pouring rain just to watch a bunch

157
00:08:27,520 --> 00:08:29,600
Speaker 1: of horses run around in the circle. I remember one

158
00:08:29,680 --> 00:08:33,760
Speaker 1: year I went to see the Preakness at Pimlico and

159
00:08:34,960 --> 00:08:39,280
Speaker 1: all the races were dry except the one race, the Preakness,

160
00:08:39,440 --> 00:08:41,920
Speaker 1: and all of a sudden, I mean literally, it was

161
00:08:42,000 --> 00:08:46,040
Speaker 1: like just a huge monsoon hit the track and I'll

162
00:08:46,080 --> 00:08:48,320
Speaker 1: never if we get this. A guy who is visiting

163
00:08:48,360 --> 00:08:51,600
Speaker 1: from Alabama said, I came all the way from Alabama

164
00:08:51,640 --> 00:08:53,600
Speaker 1: to come see a tornado right in the middle of

165
00:08:53,600 --> 00:08:57,160
Speaker 1: the race track. This is great, It's like and this

166
00:08:57,240 --> 00:09:00,520
Speaker 1: is something that people who were at Churchill Down had

167
00:09:00,559 --> 00:09:02,480
Speaker 1: to go through with this rain, and like you said,

168
00:09:02,559 --> 00:09:05,640
Speaker 1: it's die hard race fans. Were you in the infield

169
00:09:05,640 --> 00:09:08,480
Speaker 1: of Pimlico. Oh no, no, no, no, I've done that once.

170
00:09:08,880 --> 00:09:13,440
Speaker 1: It was both spectacular and uh, fear for my lifeously

171
00:09:14,320 --> 00:09:16,679
Speaker 1: it was so it was so windy. I don't know

172
00:09:16,720 --> 00:09:21,520
Speaker 1: everybody's familiar with Pimlico, but they have screens that are

173
00:09:21,640 --> 00:09:25,200
Speaker 1: up on a crane and it was so bad the

174
00:09:25,240 --> 00:09:28,480
Speaker 1: screen started flapping and they had to bring the screens

175
00:09:28,520 --> 00:09:31,600
Speaker 1: down for the race. That's that's how bad it was.

176
00:09:32,559 --> 00:09:34,240
Speaker 1: I don't think they had to do this for the

177
00:09:34,280 --> 00:09:38,160
Speaker 1: for the Derby and the infield and everything, but it's amazing.

178
00:09:38,240 --> 00:09:42,360
Speaker 1: Like you said, eighth most watch in attendance in a

179
00:09:42,440 --> 00:09:46,040
Speaker 1: monsoon and people still love horse racing exactly, and and

180
00:09:46,040 --> 00:09:47,960
Speaker 1: and it's a sport that I mean, I've always felt

181
00:09:48,000 --> 00:09:50,080
Speaker 1: as though it was gonna start aging up, you know,

182
00:09:50,160 --> 00:09:53,360
Speaker 1: in the same way that we talk about golf. But

183
00:09:53,600 --> 00:09:56,319
Speaker 1: there's a younger crowd, especially maybe less so on TV.

184
00:09:56,400 --> 00:09:58,720
Speaker 1: Their TV ratings and the overnight ratings were down a bit,

185
00:09:59,200 --> 00:10:02,560
Speaker 1: but at least in the in person experience you go

186
00:10:02,600 --> 00:10:04,560
Speaker 1: to these races, there are a lot of younger folks there.

187
00:10:05,360 --> 00:10:08,840
Speaker 1: Speaking of people who made a bet on this race,

188
00:10:10,160 --> 00:10:14,400
Speaker 1: there is a Texas woman who nearly match Justifies one

189
00:10:15,240 --> 00:10:19,120
Speaker 1: million dollar purse for winning the Kentucky Derby after she

190
00:10:19,200 --> 00:10:23,120
Speaker 1: correctly picked five straight winners in races eight through twelve

191
00:10:23,800 --> 00:10:26,840
Speaker 1: at Churchill Downs on Saturday. And the woman won one

192
00:10:26,920 --> 00:10:30,079
Speaker 1: point two million dollars after placing an eighteen dollar has

193
00:10:30,160 --> 00:10:32,880
Speaker 1: what breaks me up? Placing an eighteen dollar pick five

194
00:10:32,920 --> 00:10:37,760
Speaker 1: wager at Ratama Park Racetrack in Salem, Texas, and we're

195
00:10:37,760 --> 00:10:42,280
Speaker 1: talking over a thousand miles away from Louisville, Kentucky. But

196
00:10:42,679 --> 00:10:46,240
Speaker 1: she picked Justify as which was the favorite, and she

197
00:10:46,320 --> 00:10:48,760
Speaker 1: won the Derby. That's what one or this money. Now

198
00:10:49,400 --> 00:10:53,720
Speaker 1: the other four races, that's what amazes me. One race,

199
00:10:54,280 --> 00:10:57,720
Speaker 1: one horse was eight to one to win. Another race

200
00:10:58,200 --> 00:11:02,160
Speaker 1: was ten to one to win in the eleventh race.

201
00:11:02,280 --> 00:11:04,080
Speaker 1: I think that's what it was. Now. There was a

202
00:11:04,160 --> 00:11:08,120
Speaker 1: forty to one long shot Funny Duck in the past

203
00:11:08,240 --> 00:11:11,360
Speaker 1: day of Mile that was the tenth race of the day.

204
00:11:11,440 --> 00:11:18,199
Speaker 1: Duck Tredous the Better also correctly picked Limousine Liberal for

205
00:11:18,400 --> 00:11:21,360
Speaker 1: to one to win the Churchill Downstakes that was the

206
00:11:21,400 --> 00:11:25,240
Speaker 1: eighth race of the day, and the spokeswoman for the

207
00:11:25,360 --> 00:11:30,280
Speaker 1: time A Park says, that's unheard of. Yeah, I guess so.

208
00:11:31,480 --> 00:11:35,120
Speaker 1: Bet that yields one of you know a bit more

209
00:11:35,160 --> 00:11:37,880
Speaker 1: about horse racing than I do. I've seen interviews with

210
00:11:37,880 --> 00:11:41,320
Speaker 1: this woman. She claims to have studied a lot. You know,

211
00:11:41,440 --> 00:11:44,040
Speaker 1: she's leaning on her skill as a horse racing better.

212
00:11:44,520 --> 00:11:50,680
Speaker 1: Are you buying that? No, listen, I'm I'm happy for her.

213
00:11:51,120 --> 00:11:54,680
Speaker 1: She did a heck of a job, but that is

214
00:11:54,800 --> 00:11:58,800
Speaker 1: almost impossible to do and she did it, so good

215
00:11:58,840 --> 00:12:00,800
Speaker 1: for her. She said that he's gonna take some of

216
00:12:00,840 --> 00:12:03,920
Speaker 1: the money and she's going to help her daughter go

217
00:12:04,040 --> 00:12:08,760
Speaker 1: through college. So there's another great Justify gambling story out there.

218
00:12:08,760 --> 00:12:10,199
Speaker 1: I don't know if you saw this. At the win

219
00:12:10,360 --> 00:12:14,640
Speaker 1: in Las Vegas back in February, horse Better called up

220
00:12:14,640 --> 00:12:17,320
Speaker 1: the guy who runs the sports book there, Johnny Avello,

221
00:12:17,640 --> 00:12:19,719
Speaker 1: and said I've got a horse I want odds on

222
00:12:19,800 --> 00:12:22,600
Speaker 1: him to win the Kentucky Derby. Um and and Avello

223
00:12:22,760 --> 00:12:25,080
Speaker 1: looked at it, went through everything, gave him three hundred

224
00:12:25,080 --> 00:12:29,120
Speaker 1: to one odds on Justify because Justify, as you may know,

225
00:12:29,240 --> 00:12:31,360
Speaker 1: didn't run as a two year old, the first horse

226
00:12:31,400 --> 00:12:33,800
Speaker 1: to win the Kentucky Derby without having run the year before,

227
00:12:34,120 --> 00:12:36,800
Speaker 1: so not many people had seen this horse run three

228
00:12:37,040 --> 00:12:38,960
Speaker 1: d to one odds. The guy put down five hundred

229
00:12:38,960 --> 00:12:42,559
Speaker 1: dollars and made a cool hundred and fifty thou dollars yesterday.

230
00:12:42,640 --> 00:12:45,960
Speaker 1: I'm sure the person that gave him the three step

231
00:12:46,000 --> 00:12:49,280
Speaker 1: in the office back here. I gotta throw on a

232
00:12:49,320 --> 00:12:53,080
Speaker 1: bonus topic Kevin Harvick, who, by the way, this past

233
00:12:53,240 --> 00:12:56,640
Speaker 1: weekend over just beat the snot out of the field

234
00:12:56,679 --> 00:13:00,000
Speaker 1: man he and as his fourth win of the seasons

235
00:13:00,080 --> 00:13:02,640
Speaker 1: so far. But the reason why we're bringing up Kevin

236
00:13:02,679 --> 00:13:06,200
Speaker 1: Harvick is because off the track, he's got a great

237
00:13:06,240 --> 00:13:10,720
Speaker 1: business that he's setting up and includes golf, UFC and others.

238
00:13:11,200 --> 00:13:13,600
Speaker 1: And what he has set up is kind of like

239
00:13:13,640 --> 00:13:18,079
Speaker 1: a sports and celebrity marketing agency. Uh, it's called Kevin

240
00:13:18,120 --> 00:13:23,880
Speaker 1: Harvick Management. Uh, and according to ESPN, he's doing pretty

241
00:13:23,920 --> 00:13:26,679
Speaker 1: well with it. Okay. I so, I you're the NASCAR guy.

242
00:13:26,679 --> 00:13:28,960
Speaker 1: I don't know much about about racing, certainly don't know

243
00:13:29,000 --> 00:13:32,439
Speaker 1: much about Kevin Harvick. Uh. What are your thoughts on this? Oh?

244
00:13:32,520 --> 00:13:34,480
Speaker 1: I think it's great. I think a lot. The one

245
00:13:34,520 --> 00:13:37,679
Speaker 1: thing that struck me was that a lot of other

246
00:13:38,240 --> 00:13:42,760
Speaker 1: NASCAR drivers when they go for business, it's not sports related.

247
00:13:43,720 --> 00:13:46,920
Speaker 1: But in this case, you know, he's he's knocking it out.

248
00:13:46,960 --> 00:13:51,400
Speaker 1: I mean, he says that he loves baseball, football, basketball,

249
00:13:51,800 --> 00:13:55,000
Speaker 1: he loves golf. In fact, he's set up Kevin Harvick

250
00:13:55,480 --> 00:14:00,440
Speaker 1: kind of like a mini Augusta in his backyard and

251
00:14:00,520 --> 00:14:02,600
Speaker 1: he is set up there. It's like almost like a

252
00:14:02,720 --> 00:14:05,040
Speaker 1: par three where he's gotten you know, you got to

253
00:14:05,080 --> 00:14:11,840
Speaker 1: shoot over, you know, the the floral arrangement that's there.

254
00:14:12,160 --> 00:14:15,160
Speaker 1: And I'm impressed because if you think about it, many

255
00:14:15,200 --> 00:14:18,640
Speaker 1: other NASCAR drivers, I think Mark Martin, Uh, he has

256
00:14:18,800 --> 00:14:21,800
Speaker 1: a dealership, you know, which makes sense. I get it

257
00:14:22,080 --> 00:14:25,640
Speaker 1: brand and but this is something that I hope he

258
00:14:25,680 --> 00:14:28,200
Speaker 1: does well with that. I think Kevin Harvick's is going

259
00:14:28,200 --> 00:14:29,600
Speaker 1: to do well. A lot of guys make a lot

260
00:14:29,680 --> 00:14:32,880
Speaker 1: of money doing this and they invest their money well.

261
00:14:33,200 --> 00:14:35,960
Speaker 1: So as a non NASCAR fan, I could probably name

262
00:14:36,080 --> 00:14:38,640
Speaker 1: maybe ten drivers. Kevin Harvick is one of the ones

263
00:14:39,120 --> 00:14:40,680
Speaker 1: whose names I would see and say, oh, I know

264
00:14:40,760 --> 00:14:44,160
Speaker 1: that guy. He's he's a NASCAR driver. Certainly wishing well

265
00:14:44,200 --> 00:14:47,320
Speaker 1: in the in the new endeavor. Well, good luck Kevin Harvick.

266
00:14:48,280 --> 00:14:51,120
Speaker 1: He keeps going his four races so far at this season.

267
00:14:51,120 --> 00:14:55,040
Speaker 1: I mean, that's doing something. So anyhow, this is the

268
00:14:55,080 --> 00:14:58,040
Speaker 1: Bloomberg Business of Sports podcast on Michael Barr along with

269
00:14:58,040 --> 00:15:01,320
Speaker 1: Evan Novie Williams. We are here each and every Monday

270
00:15:01,360 --> 00:15:04,320
Speaker 1: and Friday exploring the world of money and sports. Scott

271
00:15:04,280 --> 00:15:07,280
Speaker 1: sasnik Us off today, but Scott will join us again

272
00:15:07,360 --> 00:15:08,920
Speaker 1: at the end of the week when we speak with

273
00:15:08,960 --> 00:15:13,160
Speaker 1: the biggest and brightest in the sports business industry. You're

274
00:15:13,200 --> 00:15:16,760
Speaker 1: listening to Bloomberg Business of Sports from Bloomberg Radio around

275
00:15:16,800 --> 00:15:19,800
Speaker 1: the world and online as an Apple podcast on iTunes.