1 00:00:02,480 --> 00:00:05,680 Speaker 1: Hello, I'm Scott, I'm Evan Nobe Williams, and this is 2 00:00:05,720 --> 00:00:09,000 Speaker 1: the Bloomberg Business of Sports podcast, where we in honor 3 00:00:09,039 --> 00:00:12,240 Speaker 1: of Michael Barr, who is crossing things off his wife's 4 00:00:12,240 --> 00:00:15,040 Speaker 1: to do list. This week we explore the big money 5 00:00:15,080 --> 00:00:18,960 Speaker 1: issues in the world of sports, and today Mr Novie Williams, 6 00:00:19,160 --> 00:00:22,360 Speaker 1: we begin in the Pacific Northwest. The emerald city of 7 00:00:22,480 --> 00:00:27,639 Speaker 1: Seattle looks as if hockey is coming to town Board 8 00:00:27,640 --> 00:00:31,120 Speaker 1: of Governors meetings here in New York this week, Seattle 9 00:00:31,200 --> 00:00:33,680 Speaker 1: move one step closer. I don't think you're surprised. I'm 10 00:00:33,680 --> 00:00:38,640 Speaker 1: certainly certainly not surprised. It looks like the next NHL franchise, 11 00:00:38,840 --> 00:00:42,479 Speaker 1: expansion franchise is going to be in Seattle. Congratulations, Messrs 12 00:00:42,560 --> 00:00:46,640 Speaker 1: Lye Wicky Bonderman. Yeah, I mean they have the arena, 13 00:00:47,080 --> 00:00:51,280 Speaker 1: it's a good market. They managed to get that thing 14 00:00:51,400 --> 00:00:55,960 Speaker 1: done without big time public money. Now all the NHL 15 00:00:56,000 --> 00:00:59,840 Speaker 1: has to do is say yes and then they can 16 00:00:59,840 --> 00:01:02,160 Speaker 1: have an expansion season like the Golden Nights. Head. Yeah, 17 00:01:02,200 --> 00:01:04,759 Speaker 1: imagine going to the Stanley Cup finals in year one. 18 00:01:04,920 --> 00:01:08,480 Speaker 1: Are you surprised. I'm a little surprised that the team 19 00:01:08,520 --> 00:01:13,000 Speaker 1: that that the NHL beat the NBA to Seattle, and 20 00:01:13,400 --> 00:01:15,640 Speaker 1: I think you and I agree that this will probably 21 00:01:15,720 --> 00:01:20,119 Speaker 1: portend an NBA team at a point at some point 22 00:01:20,120 --> 00:01:23,000 Speaker 1: in the near future. UM, but I am surprised that, 23 00:01:23,120 --> 00:01:25,959 Speaker 1: given you know the love of the Sonics, how upset 24 00:01:25,959 --> 00:01:29,039 Speaker 1: people were when they left, UH, that that the NHL 25 00:01:29,200 --> 00:01:32,560 Speaker 1: got there before basketball. I only say no, in that 26 00:01:33,560 --> 00:01:37,640 Speaker 1: the requirement was the building and if getting the hockey 27 00:01:37,640 --> 00:01:40,720 Speaker 1: team first was enough to force people to do or 28 00:01:41,319 --> 00:01:43,960 Speaker 1: to compel people to take the risk and build the building. 29 00:01:44,520 --> 00:01:48,000 Speaker 1: I think that Tim Lwicky knows, and he has said 30 00:01:48,040 --> 00:01:50,680 Speaker 1: some things in the past and gotten phone calls from 31 00:01:50,760 --> 00:01:55,320 Speaker 1: the NBA and the NHL like hey, shush, So I 32 00:01:55,720 --> 00:02:01,040 Speaker 1: would I would venture that Tim knows what's going on 33 00:02:01,120 --> 00:02:06,520 Speaker 1: inside of Olympic Tower, what's available, what's on the radar, 34 00:02:07,240 --> 00:02:11,120 Speaker 1: and there's a good possibility that an NBA team would follow. 35 00:02:11,440 --> 00:02:13,280 Speaker 1: Going back to the NHL for a second, you know, 36 00:02:13,440 --> 00:02:16,000 Speaker 1: there's been talk of and the NHL was close to 37 00:02:16,120 --> 00:02:18,960 Speaker 1: to putting another Canadian franchise in. Do you think that 38 00:02:19,000 --> 00:02:21,720 Speaker 1: we are going to see more expansion in the near future? 39 00:02:21,760 --> 00:02:24,000 Speaker 1: Do you think we may see teams move? How how 40 00:02:24,000 --> 00:02:25,880 Speaker 1: big can the is the NHL going to go MLS. 41 00:02:26,360 --> 00:02:28,480 Speaker 1: What are we expecting here? Yes, like Don garber is 42 00:02:28,520 --> 00:02:30,680 Speaker 1: one week, you know they're fighting everywhere. I would say 43 00:02:30,760 --> 00:02:34,680 Speaker 1: yes and yes, and that if I'm looking for relocation, 44 00:02:35,040 --> 00:02:38,400 Speaker 1: I venture that you could guess which team would be 45 00:02:38,440 --> 00:02:40,440 Speaker 1: the one. I can think of a few of the 46 00:02:40,880 --> 00:02:43,400 Speaker 1: Coyotes be number one on that list. And that building 47 00:02:43,440 --> 00:02:46,400 Speaker 1: just has not worked out. It's been refinanced, it's just 48 00:02:46,480 --> 00:02:48,880 Speaker 1: built in the wrong place. That sprawl that they expected, 49 00:02:48,880 --> 00:02:51,520 Speaker 1: the suburban sprawl, did not happen. You can do it 50 00:02:51,560 --> 00:02:54,959 Speaker 1: for football because it's only eight games a year. Um 51 00:02:55,240 --> 00:02:58,560 Speaker 1: wouldn't be surprised to see the Coyotes be a relocate 52 00:02:59,360 --> 00:03:03,359 Speaker 1: and then an expansion and whether it's Quebec, whether it's 53 00:03:03,360 --> 00:03:07,400 Speaker 1: another team in Ontario, and yeah, one of those two 54 00:03:07,560 --> 00:03:09,600 Speaker 1: sure makes perfect sense for the NHL. And this is 55 00:03:09,639 --> 00:03:12,280 Speaker 1: good expansion teams are good for owners. Right, there's a 56 00:03:12,320 --> 00:03:16,480 Speaker 1: there's a hefty expansion pocket puts the league in another market. 57 00:03:16,600 --> 00:03:18,840 Speaker 1: This is a good one. It's a good TV market 58 00:03:18,880 --> 00:03:21,119 Speaker 1: to be in. Uh. This is something as we saw 59 00:03:21,160 --> 00:03:23,760 Speaker 1: with the NFL, you know, moving into l A and 60 00:03:23,840 --> 00:03:27,040 Speaker 1: into Las Vegas coming up. These are things that are 61 00:03:27,080 --> 00:03:30,400 Speaker 1: good at least definitely in the short term for other owners. Yeah, 62 00:03:30,480 --> 00:03:32,520 Speaker 1: I mean this is one of those scenarios where you 63 00:03:32,560 --> 00:03:34,400 Speaker 1: have to prove your word and go out there and 64 00:03:34,440 --> 00:03:37,600 Speaker 1: take deposits and all of those signs. I think Likewick 65 00:03:37,600 --> 00:03:38,760 Speaker 1: he said it on the show. He gave us the 66 00:03:38,800 --> 00:03:41,240 Speaker 1: numbers whatever. But they were Vegas, like you know, a 67 00:03:41,280 --> 00:03:44,120 Speaker 1: lot of support for it, and um, they couldn't get 68 00:03:44,160 --> 00:03:46,440 Speaker 1: it last time and they lost the Sonics because they 69 00:03:46,560 --> 00:03:50,520 Speaker 1: just wouldn't pay for another building. Um. I don't think 70 00:03:50,560 --> 00:03:53,119 Speaker 1: there were any lessons learned there. If you can't pay 71 00:03:53,160 --> 00:03:56,000 Speaker 1: your teachers and your firefighters, people have had enough. You 72 00:03:56,040 --> 00:03:57,280 Speaker 1: just got to figure out a way to do it. 73 00:03:57,600 --> 00:04:00,240 Speaker 1: And that's what Tim Lwick. You did son X in 74 00:04:00,280 --> 00:04:03,960 Speaker 1: the name yes or no? No, definitely Not in a 75 00:04:03,960 --> 00:04:07,200 Speaker 1: basketball team. No, I can't. I don't know. I haven't 76 00:04:07,200 --> 00:04:09,080 Speaker 1: even thought about what the name would be. But no, 77 00:04:09,320 --> 00:04:12,640 Speaker 1: it's not okay, I can't imagine. But would you like 78 00:04:12,760 --> 00:04:14,560 Speaker 1: to share the biggest hockey news of the week. I 79 00:04:15,520 --> 00:04:18,120 Speaker 1: mean I think it's you. I think I think you 80 00:04:18,160 --> 00:04:21,560 Speaker 1: want to share. Do you like to share the biggest 81 00:04:21,600 --> 00:04:25,040 Speaker 1: news since since folks know, uh that my little guy 82 00:04:25,720 --> 00:04:29,080 Speaker 1: the first year Squirk does play? Would you like to 83 00:04:29,120 --> 00:04:33,440 Speaker 1: share the latest rankings news. Jackson Sashnik's team was number 84 00:04:33,440 --> 00:04:35,680 Speaker 1: three in the rankings played number one in the ranking. 85 00:04:35,720 --> 00:04:37,120 Speaker 1: I'm not gonna say who. We don't want to say who. 86 00:04:37,120 --> 00:04:39,320 Speaker 1: You know. This is like a Penn State, Ohio State 87 00:04:39,440 --> 00:04:45,200 Speaker 1: Titanic match. Beat the pants off them six the number 88 00:04:45,200 --> 00:04:47,599 Speaker 1: one team and now the number one seed, the number 89 00:04:47,640 --> 00:04:50,480 Speaker 1: one team in nation among nine year olds. So congratulations. 90 00:04:50,520 --> 00:04:52,760 Speaker 1: So maybe some of these kids will be playing in Seattle. Yeah, 91 00:04:52,760 --> 00:04:56,239 Speaker 1: you should just take that team and move ready made 92 00:04:56,800 --> 00:04:59,600 Speaker 1: like a pre made house greer rockets. There we go. 93 00:04:59,680 --> 00:05:02,040 Speaker 1: Nobody has to even change the logo really quick. Did 94 00:05:02,080 --> 00:05:06,640 Speaker 1: you see that capital's ring? Oh my god, yes, Medina, 95 00:05:06,720 --> 00:05:08,760 Speaker 1: I'm so glad you brought it up. I was going 96 00:05:08,839 --> 00:05:12,080 Speaker 1: to send Ted Leon to the message. I didn't do it, 97 00:05:12,120 --> 00:05:15,400 Speaker 1: but the first picture he put out, I almost said 98 00:05:15,400 --> 00:05:18,400 Speaker 1: to him and Ted, what was is that a ring? 99 00:05:18,600 --> 00:05:21,720 Speaker 1: Or is that body armor? It looked like one of 100 00:05:21,760 --> 00:05:25,280 Speaker 1: those vests that the guys the Nights War. It is 101 00:05:25,920 --> 00:05:29,080 Speaker 1: he They're not I mean, they're not rings. They have 102 00:05:29,120 --> 00:05:32,520 Speaker 1: a circle in them and you can wear them. Cracked 103 00:05:32,560 --> 00:05:34,160 Speaker 1: me up. This has to be where you maybe you 104 00:05:34,200 --> 00:05:37,080 Speaker 1: shove two or three fingers in there, like like breast knuckles, 105 00:05:37,120 --> 00:05:38,960 Speaker 1: you just wear it, you hold it up with your 106 00:05:38,960 --> 00:05:41,280 Speaker 1: fifth Eventually they're going to be the size of ww 107 00:05:41,400 --> 00:05:44,600 Speaker 1: E belts, right. I do have one question regarding them. 108 00:05:44,640 --> 00:05:46,760 Speaker 1: Do they give it? How many rings do they get? 109 00:05:46,839 --> 00:05:48,920 Speaker 1: Is it for the team and like the front office 110 00:05:48,960 --> 00:05:51,760 Speaker 1: as well, and it's up to the owner depends. It's 111 00:05:51,800 --> 00:05:53,479 Speaker 1: up to the owner. He can get it too for 112 00:05:53,520 --> 00:05:57,320 Speaker 1: everybody up and down the organization, to guys working the 113 00:05:57,320 --> 00:06:00,239 Speaker 1: parking lot or whatever he wants. Yeah, he did, Tomans, 114 00:06:00,240 --> 00:06:01,599 Speaker 1: who get I have a buddy who was a scout 115 00:06:01,640 --> 00:06:03,880 Speaker 1: for the Astros and he got a ring for their 116 00:06:03,920 --> 00:06:06,240 Speaker 1: World championship last year. I think a scout should get 117 00:06:06,240 --> 00:06:10,080 Speaker 1: it right, especially since their scouting department, Hello sig is 118 00:06:10,320 --> 00:06:15,360 Speaker 1: better than hello there you go? Alright, move on, what 119 00:06:15,400 --> 00:06:18,240 Speaker 1: do we got here? Number two for the day, speaking 120 00:06:18,279 --> 00:06:22,520 Speaker 1: of Major League Baseball, accidentally segued the numbers and attendance 121 00:06:22,560 --> 00:06:25,600 Speaker 1: are going the wrong way for Rob Manford and co. Yeah. 122 00:06:25,640 --> 00:06:29,279 Speaker 1: I mean, I can't say I'm really surprised here. Overall 123 00:06:29,360 --> 00:06:34,480 Speaker 1: league wide attendance just a shade under seventy million people um, 124 00:06:34,520 --> 00:06:37,120 Speaker 1: which is the lowest it's been looking here since two 125 00:06:37,160 --> 00:06:41,719 Speaker 1: thousand three, you know, so so basically has been on 126 00:06:41,760 --> 00:06:44,039 Speaker 1: a steady decline. It it's not. At one point, looking 127 00:06:44,040 --> 00:06:45,880 Speaker 1: here at the numbers two thousand seven, it was almost 128 00:06:45,920 --> 00:06:48,599 Speaker 1: eighty million, right, So in the past ten years or so, 129 00:06:49,520 --> 00:06:53,440 Speaker 1: over ten million fewer people are buying tickets to Major 130 00:06:53,560 --> 00:06:56,960 Speaker 1: League Baseball games. And again, attendance number is numbers. Is 131 00:06:56,960 --> 00:06:59,880 Speaker 1: is tickets sold, it's not turnstyle them. You gotta love this, 132 00:07:00,160 --> 00:07:02,320 Speaker 1: you know. Evan is not happy just to give those 133 00:07:02,400 --> 00:07:04,800 Speaker 1: numbers out there. He wants to give some perspective. So 134 00:07:04,839 --> 00:07:06,760 Speaker 1: he took twenty minutes the other day and he's asking 135 00:07:06,800 --> 00:07:09,000 Speaker 1: me questions, and I'm wondering what he's doing. And he 136 00:07:09,160 --> 00:07:12,080 Speaker 1: was trying to come up a dollar figure, like a 137 00:07:12,120 --> 00:07:15,360 Speaker 1: fair way to give a dollar figure of what was lost. 138 00:07:15,400 --> 00:07:19,200 Speaker 1: So while you were back of napkin ing, I was like, 139 00:07:19,200 --> 00:07:22,680 Speaker 1: wondering what you're doing over there. But you can and 140 00:07:22,760 --> 00:07:26,360 Speaker 1: this is not science, No, it's not science. You take content, 141 00:07:26,480 --> 00:07:30,120 Speaker 1: You take the average ticket price at each stadium and 142 00:07:30,160 --> 00:07:33,640 Speaker 1: then multiply that by the rough up or down number 143 00:07:33,720 --> 00:07:36,960 Speaker 1: of ticket sale changes that each team saw. This year, 144 00:07:37,600 --> 00:07:40,680 Speaker 1: MLB teams lost out on almost a hundred million dollars 145 00:07:40,680 --> 00:07:42,840 Speaker 1: in ticket sales this year, so that puts that in perspective. 146 00:07:42,880 --> 00:07:45,720 Speaker 1: It's a four percent drop from seventeen to eighteen, but 147 00:07:45,840 --> 00:07:49,080 Speaker 1: that translates into probably even more because this is just 148 00:07:49,120 --> 00:07:52,200 Speaker 1: the average and doesn't include premium, but about a hundred 149 00:07:52,280 --> 00:07:54,200 Speaker 1: million dollars of ticket sales. And you were asking me, 150 00:07:54,280 --> 00:07:56,480 Speaker 1: what's it fair? How what do you think the average 151 00:07:56,480 --> 00:07:58,520 Speaker 1: person had? This be fun If anybody can send us 152 00:07:58,560 --> 00:08:01,640 Speaker 1: some some too. Asked something really quick, try to cut 153 00:08:01,680 --> 00:08:03,160 Speaker 1: you off, hold on, I just want to make sure 154 00:08:03,280 --> 00:08:06,080 Speaker 1: is your Michael, Yes, okay, okay, I just want to 155 00:08:06,080 --> 00:08:08,760 Speaker 1: make what did you do? Like an X over why 156 00:08:08,880 --> 00:08:11,040 Speaker 1: or like personally like what was the equate? Like what 157 00:08:11,120 --> 00:08:13,400 Speaker 1: did you use to figure out? There's a colorful spreadsheet. 158 00:08:13,400 --> 00:08:16,360 Speaker 1: I can send it to you. It's it's gorgeous, it's realized. 159 00:08:16,720 --> 00:08:20,240 Speaker 1: Williams loves It's really nice. But yeah, we were talking about, 160 00:08:20,280 --> 00:08:22,600 Speaker 1: you know, because there's more revenue, the teams get just 161 00:08:22,760 --> 00:08:25,960 Speaker 1: thin ticket sales. Obviously, how much does an average person 162 00:08:26,040 --> 00:08:28,880 Speaker 1: spend that concession you go to get? What would you 163 00:08:28,880 --> 00:08:31,600 Speaker 1: say is fair? Medina? What does the average baseball fan 164 00:08:31,720 --> 00:08:35,920 Speaker 1: goes to a game? What do they consume from the concessions? Gosh, 165 00:08:35,960 --> 00:08:39,320 Speaker 1: I would say easy, easy, at the minimum fifty dollars, 166 00:08:40,640 --> 00:08:45,240 Speaker 1: but give us product an average, I would say probably 167 00:08:45,240 --> 00:08:48,280 Speaker 1: about maybe, depending on what kind of alcoholic beverages you drink, 168 00:08:48,360 --> 00:08:50,240 Speaker 1: or even if you drink at all. Um, okay, so 169 00:08:50,320 --> 00:08:54,680 Speaker 1: let's say two beers, um snack and a hot dog. 170 00:08:55,640 --> 00:08:57,520 Speaker 1: So the last game that I went to was the 171 00:08:57,600 --> 00:09:02,119 Speaker 1: Yankees and Red Sox game. I had to vodka, cranberry 172 00:09:05,160 --> 00:09:07,160 Speaker 1: and something else. And yeah, it was easy. I think 173 00:09:07,160 --> 00:09:10,880 Speaker 1: I'm spelling sixty bucks. And your fiance no, actually he 174 00:09:11,000 --> 00:09:12,800 Speaker 1: was at work, but it was a group of us 175 00:09:12,840 --> 00:09:15,240 Speaker 1: that one. Okay, So if you crunch, if you crunch 176 00:09:15,320 --> 00:09:17,840 Speaker 1: those numbers along what Medina just said, you know, two 177 00:09:17,920 --> 00:09:21,280 Speaker 1: beers or two equivalent snack and a hot dog, you 178 00:09:21,320 --> 00:09:24,160 Speaker 1: know that's another fifty plus million dollars that teams are 179 00:09:24,200 --> 00:09:27,280 Speaker 1: missing out on. That doesn't include merchandise, obviously, it doesn't 180 00:09:27,280 --> 00:09:30,400 Speaker 1: include parking. So when you say baseball attendance is down, 181 00:09:31,880 --> 00:09:34,080 Speaker 1: that is a good idea of what these teams are 182 00:09:34,120 --> 00:09:36,959 Speaker 1: looking at. And that's not good. That's that's not positive. Yeah, 183 00:09:37,000 --> 00:09:39,120 Speaker 1: you want your in stadium. But here comes the debate again. 184 00:09:39,559 --> 00:09:41,679 Speaker 1: Where does the revenue matter? Most of these days? As 185 00:09:41,800 --> 00:09:44,440 Speaker 1: media comes up and in stadium comes down. What kind 186 00:09:44,480 --> 00:09:46,040 Speaker 1: of ballpark did you have? How much you just spend 187 00:09:46,080 --> 00:09:47,559 Speaker 1: on it? Is? It? Is? It designed to be a 188 00:09:47,600 --> 00:09:51,440 Speaker 1: cash register for concessions and luxury that that'll will see. 189 00:09:52,240 --> 00:09:56,079 Speaker 1: But it's totally teams specifically, and for the Yankees, you know, 190 00:09:56,200 --> 00:09:59,679 Speaker 1: ticket sales are very important because they sell so many 191 00:09:59,760 --> 00:10:01,679 Speaker 1: of them. You know, for other teams like let's say 192 00:10:01,679 --> 00:10:04,040 Speaker 1: the Rays for example, and I'm not picking on them specifically, 193 00:10:04,120 --> 00:10:05,920 Speaker 1: but a team that doesn't sell as much and doesn't 194 00:10:05,960 --> 00:10:08,760 Speaker 1: have high ticket prices, you know, yeah, ticket sales maybe 195 00:10:08,800 --> 00:10:11,080 Speaker 1: aren't aren't half of their revenue, it's probably not even 196 00:10:11,120 --> 00:10:12,839 Speaker 1: a third or quarter of which we're gonna say Blue 197 00:10:12,880 --> 00:10:15,120 Speaker 1: Jays because they were the biggest Blue Jays are I 198 00:10:15,120 --> 00:10:17,000 Speaker 1: mean the Blue Jays numbers are the Blue Jays and 199 00:10:17,000 --> 00:10:19,640 Speaker 1: the and the Marlins, you know under new ownership are 200 00:10:19,679 --> 00:10:22,160 Speaker 1: the two teams by my calculations, both of them lost 201 00:10:22,240 --> 00:10:25,400 Speaker 1: over the fans in South Florida aren't buying tickets so 202 00:10:25,440 --> 00:10:28,000 Speaker 1: they can see Derek Jeter. There was a lot fewer 203 00:10:28,440 --> 00:10:31,160 Speaker 1: Marlins fans bought tickets. If I look at the numbers here, uh, 204 00:10:31,400 --> 00:10:34,760 Speaker 1: seven hundred and seventy one fewer fans ticket. To the 205 00:10:35,080 --> 00:10:37,719 Speaker 1: point is if I'm a baseball owner. Again, we talk 206 00:10:37,760 --> 00:10:40,720 Speaker 1: about this all the time, Baseball hundred and sixty two 207 00:10:40,840 --> 00:10:44,120 Speaker 1: sometimes a hundred sixty three games and all the teams. 208 00:10:44,520 --> 00:10:48,800 Speaker 1: There's so much ability to scale from a media perspective, 209 00:10:49,679 --> 00:10:52,120 Speaker 1: all of that stuff, And that's where the future is headed. 210 00:10:52,160 --> 00:10:55,880 Speaker 1: It's how do we slice and dice and sell and 211 00:10:56,040 --> 00:10:59,560 Speaker 1: distribute and cover the globe with our product. That number 212 00:10:59,640 --> 00:11:02,880 Speaker 1: is gonna keep going up. So at what point do 213 00:11:03,000 --> 00:11:07,160 Speaker 1: I show, well, what's the adjective concern panic? What is 214 00:11:07,320 --> 00:11:10,040 Speaker 1: the balance between well, the future really is the mobile 215 00:11:10,080 --> 00:11:12,360 Speaker 1: devices and how do we spread this around the world 216 00:11:12,720 --> 00:11:15,520 Speaker 1: versus so I'm down ten thousand at home. Yeah, I 217 00:11:15,640 --> 00:11:17,480 Speaker 1: think you're right, and I think it's the reason why 218 00:11:17,760 --> 00:11:19,959 Speaker 1: as we see more stadiums getting built. You know what, 219 00:11:20,000 --> 00:11:22,120 Speaker 1: We're going to talk later this week with the president 220 00:11:22,160 --> 00:11:24,240 Speaker 1: of the Braves, Derek Schiller. You know their stadium is 221 00:11:24,320 --> 00:11:27,280 Speaker 1: less than fifty you know, whereas far less. Yeah, and 222 00:11:27,320 --> 00:11:29,400 Speaker 1: a stadium like Shay from back in the day was 223 00:11:29,600 --> 00:11:32,319 Speaker 1: was was much bigger. I think the new stadiums we 224 00:11:32,360 --> 00:11:34,440 Speaker 1: see are going to be smaller and smaller for that purpose. 225 00:11:34,800 --> 00:11:36,960 Speaker 1: You don't need seventy thousand people at a game. Maybe 226 00:11:37,080 --> 00:11:42,920 Speaker 1: maybe in the future there seed stadium exactly. And you're 227 00:11:42,960 --> 00:11:45,319 Speaker 1: right that if you look at the growth prospect for 228 00:11:45,440 --> 00:11:48,439 Speaker 1: these for these teams, Uh, it's in digital, it's in media. 229 00:11:48,480 --> 00:11:52,000 Speaker 1: It's not necessarily in milking more out of concessions and 230 00:11:52,080 --> 00:11:54,440 Speaker 1: merchandise sales at their games. A man of your young age, 231 00:11:54,440 --> 00:11:55,959 Speaker 1: you are where the New York Jets once played a 232 00:11:56,040 --> 00:11:58,320 Speaker 1: chaste and the Yankees as well. Yes, you know why 233 00:11:58,360 --> 00:12:01,680 Speaker 1: they're called the Jets. Is it related to the airport 234 00:12:01,720 --> 00:12:05,040 Speaker 1: that was not was Laguardi Airport? Yeah, the planes are 235 00:12:05,040 --> 00:12:07,439 Speaker 1: always flying overhead there you go. All right, Well, this 236 00:12:07,600 --> 00:12:10,520 Speaker 1: is the Bloomberg Business of Sports podcast. I'm Scott Sosnik 237 00:12:10,559 --> 00:12:14,400 Speaker 1: along with Ebban Novie Williams. We're here each and every Monday, Wednesday, 238 00:12:14,520 --> 00:12:17,160 Speaker 1: and Thursday exploring the world of money in sports. Join 239 00:12:17,280 --> 00:12:18,400 Speaker 1: us again at the end of the week when we 240 00:12:18,480 --> 00:12:22,000 Speaker 1: speak with Atlanta Braves president Derek Schiller. You're listening to 241 00:12:22,000 --> 00:12:24,559 Speaker 1: a Bloomberg Business of Sports on Bloomberg Radio or around 242 00:12:24,600 --> 00:12:27,880 Speaker 1: the world and online wherever podcasts are consumed.