1 00:00:00,280 --> 00:00:03,560 Speaker 1: This is the business of sports where in the situation 2 00:00:03,640 --> 00:00:06,400 Speaker 1: that we haven't dealt with in modern times, pandemic here 3 00:00:06,440 --> 00:00:10,479 Speaker 1: has really accelerated the investments that we've been advocating for 4 00:00:10,480 --> 00:00:12,880 Speaker 1: for years. From a macro standpoint, I think our sport 5 00:00:12,920 --> 00:00:16,360 Speaker 1: industry is really forced to look at the business a 6 00:00:16,440 --> 00:00:19,639 Speaker 1: little bit differently. In depth conversations with the leaders in 7 00:00:19,720 --> 00:00:22,759 Speaker 1: the sports industry. Who wants to be the sacrificial lambs 8 00:00:22,800 --> 00:00:25,599 Speaker 1: That shows up that the first big major sporting event 9 00:00:25,680 --> 00:00:27,640 Speaker 1: were part of something much bigger than the sport right 10 00:00:27,680 --> 00:00:30,080 Speaker 1: now and the health and raptry of our stakeholders that 11 00:00:30,160 --> 00:00:32,839 Speaker 1: works much important every moment. I think we're all from 12 00:00:32,840 --> 00:00:35,560 Speaker 1: the business respective thinking about the impact that the virus 13 00:00:35,600 --> 00:00:38,479 Speaker 1: is having on across the country. In Bloomberg Business of 14 00:00:38,520 --> 00:00:41,879 Speaker 1: Sports from Bloomberg Radio, Hello, I'm Jason Kelly, and I'm 15 00:00:41,920 --> 00:00:44,480 Speaker 1: Mike Lynch and I'm Michael bar Over the next hour, 16 00:00:44,680 --> 00:00:47,040 Speaker 1: we will explore the big money issues in the world 17 00:00:47,040 --> 00:00:48,920 Speaker 1: of sports and talk to some of the biggest players 18 00:00:48,920 --> 00:00:51,760 Speaker 1: in the industry. And today we're looking forward to speaking 19 00:00:51,760 --> 00:00:53,840 Speaker 1: with Nigel Echos. He's the co founder and the CEO 20 00:00:53,920 --> 00:00:56,480 Speaker 1: of the sports chat app Flick. He's also the co 21 00:00:56,560 --> 00:00:59,720 Speaker 1: founder and former CEO of fantasy sports and vetting platform 22 00:01:00,000 --> 00:01:02,240 Speaker 1: than Duel. We're gonna talk to him about how sports 23 00:01:02,280 --> 00:01:06,480 Speaker 1: fans are increasingly engaging online, the company's fundraising efforts, its 24 00:01:06,520 --> 00:01:12,120 Speaker 1: path to that magical monetization. That's all straight ahead. But first, 25 00:01:12,200 --> 00:01:14,400 Speaker 1: let's talk about some of the top stories of the week, 26 00:01:14,400 --> 00:01:17,560 Speaker 1: guys and timely. One of the top stories the week 27 00:01:18,000 --> 00:01:22,119 Speaker 1: is the business of sports betting. Uh, it really came 28 00:01:22,120 --> 00:01:24,319 Speaker 1: to the four because it was an election week. You 29 00:01:24,360 --> 00:01:28,440 Speaker 1: have states getting on board. Let's hear what Matt King, 30 00:01:28,520 --> 00:01:31,240 Speaker 1: the current CEO of vandal, had to say just last 31 00:01:31,280 --> 00:01:34,120 Speaker 1: month about what's going on. Most of our business is 32 00:01:34,120 --> 00:01:36,800 Speaker 1: done at the local level, so we're most focused on 33 00:01:36,840 --> 00:01:40,240 Speaker 1: each state. UM, and what you're seeing is your frankly, 34 00:01:40,280 --> 00:01:43,679 Speaker 1: two things. One is states obviously need money. Um COVID 35 00:01:43,720 --> 00:01:46,680 Speaker 1: has had a horrible effect on state balance sheets. And 36 00:01:46,720 --> 00:01:49,360 Speaker 1: then sports betting has been around for a number of 37 00:01:49,400 --> 00:01:51,680 Speaker 1: years now, and a lot of states are understanding that 38 00:01:51,760 --> 00:01:55,720 Speaker 1: it's really just common sense legislation to allow mobile sports betting. 39 00:01:56,280 --> 00:01:58,920 Speaker 1: It raises tax revenues and it puts an illegal market 40 00:01:58,920 --> 00:02:01,160 Speaker 1: out of business. And so we're seeing more and more 41 00:02:01,200 --> 00:02:04,440 Speaker 1: states express interest in passing laws around online sports betting. 42 00:02:04,760 --> 00:02:08,400 Speaker 1: So Lynchy, I mean, clearly he's got he's talking his 43 00:02:08,440 --> 00:02:12,480 Speaker 1: own book literally here, but he's not wrong in the 44 00:02:12,560 --> 00:02:16,160 Speaker 1: sense that states need money and this has become a 45 00:02:16,320 --> 00:02:18,800 Speaker 1: very clear way to make it, and and make it 46 00:02:18,840 --> 00:02:21,720 Speaker 1: pretty quickly. So that has to account for some of 47 00:02:21,720 --> 00:02:25,040 Speaker 1: the enthusiasm here. Right on election day, Maryland, Louisiana, and 48 00:02:25,080 --> 00:02:28,320 Speaker 1: South Dakota overwhelmingly approved sports betting. And now we're up 49 00:02:28,360 --> 00:02:31,000 Speaker 1: to twenty five states. Two years ago the Supreme Court 50 00:02:31,360 --> 00:02:33,480 Speaker 1: said it could be legalized, it was up to the states. 51 00:02:33,520 --> 00:02:35,680 Speaker 1: Now half of the states in the Union have legalized 52 00:02:35,680 --> 00:02:38,720 Speaker 1: sports betting, and it won't be long before all fifty 53 00:02:38,720 --> 00:02:42,920 Speaker 1: are going to have it. Degenerate Gambler Extraordinaire, Michael Barr, 54 00:02:43,000 --> 00:02:45,640 Speaker 1: this is good news. It's good news. But I hate 55 00:02:45,680 --> 00:02:48,359 Speaker 1: to burst Mr King's bubble because he said, well, it's 56 00:02:48,360 --> 00:02:51,959 Speaker 1: gonna put the illegal part of it out of business. No, 57 00:02:52,120 --> 00:02:55,440 Speaker 1: it won't, and for one simple reason because in the 58 00:02:55,600 --> 00:03:00,600 Speaker 1: illegal part, the illegal part, yes, and because they will 59 00:03:00,720 --> 00:03:03,400 Speaker 1: the book you will float you alone, and that's not 60 00:03:03,400 --> 00:03:08,679 Speaker 1: gonna happen on the websites. Uh. And and that's the 61 00:03:08,720 --> 00:03:11,760 Speaker 1: main reason why I believe the bookies are going to 62 00:03:12,240 --> 00:03:16,280 Speaker 1: still survive, but I get exactly what he's trying to say. 63 00:03:16,480 --> 00:03:19,880 Speaker 1: It is going to put a dent in their business. Yeah. 64 00:03:20,000 --> 00:03:23,320 Speaker 1: I also wonder, you know, sort of post pandemic kind 65 00:03:23,360 --> 00:03:26,000 Speaker 1: of where we go. I mean, we're not anywhere close 66 00:03:26,040 --> 00:03:28,360 Speaker 1: to post pandemic right now, but whether some of the 67 00:03:28,480 --> 00:03:32,880 Speaker 1: enthusiasm that's been generated from the fan side is owing 68 00:03:32,919 --> 00:03:35,440 Speaker 1: to the fact that they can't be in the arenas, 69 00:03:35,480 --> 00:03:38,320 Speaker 1: in the stadiums and uh, you know, right up on 70 00:03:38,400 --> 00:03:40,360 Speaker 1: the action We're gonna get into that much more with 71 00:03:40,440 --> 00:03:43,000 Speaker 1: Nigel Echoes. He's the co founder and former CEO of 72 00:03:43,040 --> 00:03:45,880 Speaker 1: Fan Duel. He's also got a new business, it's called Flick. 73 00:03:46,080 --> 00:03:50,080 Speaker 1: In the meantime, one of the games that was able 74 00:03:50,080 --> 00:03:51,480 Speaker 1: to be played, one of the sports it was able 75 00:03:51,480 --> 00:03:54,880 Speaker 1: to be played was the n b A. Ratings were down, 76 00:03:54,960 --> 00:03:57,520 Speaker 1: but it was successful. Here's what the m v P 77 00:03:58,160 --> 00:04:02,320 Speaker 1: and champion himself, James had to say right after he 78 00:04:02,320 --> 00:04:04,280 Speaker 1: won the chip. And I think one of the biggest things, 79 00:04:04,480 --> 00:04:06,880 Speaker 1: um not besides the social injustice and all the things 80 00:04:06,920 --> 00:04:11,120 Speaker 1: I mentioned, we had zero positive tests. We had zero 81 00:04:11,160 --> 00:04:13,680 Speaker 1: positive tests for as long as we were here nineties. 82 00:04:13,680 --> 00:04:16,919 Speaker 1: Some days no positive tests. That that is that's the 83 00:04:16,960 --> 00:04:20,159 Speaker 1: next success for everybody, um that was involved. So that 84 00:04:20,240 --> 00:04:24,240 Speaker 1: of course is Lebron James, the MVP of the NBA 85 00:04:24,360 --> 00:04:28,040 Speaker 1: Finals and leader of the championship l A Lakers. He's 86 00:04:28,040 --> 00:04:30,880 Speaker 1: going to be back on the court really soon, guys. 87 00:04:31,080 --> 00:04:34,479 Speaker 1: And it's a different world depending on who you are 88 00:04:34,680 --> 00:04:38,160 Speaker 1: in the league. Because the Lakers they just got done playing. 89 00:04:38,360 --> 00:04:41,360 Speaker 1: But a team like I don't know, the New York Knicks, 90 00:04:41,400 --> 00:04:44,880 Speaker 1: they haven't played in months and months, Lynchy, So how 91 00:04:44,960 --> 00:04:48,320 Speaker 1: worried are you that they're sort of chasing dollars here 92 00:04:49,160 --> 00:04:51,839 Speaker 1: and you know, maybe not thinking about the health and 93 00:04:51,839 --> 00:04:54,560 Speaker 1: safety of the players. Well, consider the eight teams that 94 00:04:54,600 --> 00:04:57,159 Speaker 1: didn't make it down there, including you're Atlanta Hawks and 95 00:04:57,440 --> 00:05:01,760 Speaker 1: US Michael's Detroit Pistons. Um, they haven't played, you know, 96 00:05:01,839 --> 00:05:04,239 Speaker 1: for a long long time, so only two teams actually 97 00:05:04,240 --> 00:05:07,640 Speaker 1: went to the finals. Now, the NBA wants to start 98 00:05:07,640 --> 00:05:10,880 Speaker 1: before Christmas. They've already approved it December twenty two, seventy 99 00:05:10,880 --> 00:05:15,120 Speaker 1: two games schedule. By starting December two, as opposed to 100 00:05:15,200 --> 00:05:18,279 Speaker 1: Martin Luther king Day, it's worth anywhere between a half 101 00:05:18,279 --> 00:05:20,800 Speaker 1: a billion to a billion dollars to the NBA. And 102 00:05:20,839 --> 00:05:23,479 Speaker 1: I think that's your answer why the owners want this 103 00:05:23,520 --> 00:05:25,760 Speaker 1: thing to start before Christmas, and Christmas Day is a 104 00:05:25,760 --> 00:05:29,640 Speaker 1: big viewership day for the NBA. That's right, And Michael Barr, 105 00:05:29,680 --> 00:05:34,120 Speaker 1: I mean, this is certainly about money, but it is 106 00:05:34,160 --> 00:05:36,080 Speaker 1: going to be different because they're not going to be 107 00:05:36,680 --> 00:05:39,200 Speaker 1: in that bubble per se. They're not going back to 108 00:05:39,240 --> 00:05:43,080 Speaker 1: Disney World. The ideas that they will play without fans 109 00:05:43,360 --> 00:05:46,600 Speaker 1: in their home stadiums they may have. They may go 110 00:05:46,640 --> 00:05:48,359 Speaker 1: to sort of a Baseball model where you play a 111 00:05:48,440 --> 00:05:51,440 Speaker 1: series so you're minimizing travel a little bit. It's gonna 112 00:05:51,440 --> 00:05:55,000 Speaker 1: be tricky. Never mind the old joke about the Knicks 113 00:05:55,040 --> 00:05:57,360 Speaker 1: and Pistons haven't played in months, they haven't played in years. 114 00:05:57,640 --> 00:06:04,520 Speaker 1: But that's enough story altogether. But I like the bubble 115 00:06:04,600 --> 00:06:07,200 Speaker 1: part of it. And now they're going to be out 116 00:06:07,240 --> 00:06:10,719 Speaker 1: of that. And and I'm sorry to to pass judgment, 117 00:06:11,240 --> 00:06:14,839 Speaker 1: but you're talking about young men who have a lot 118 00:06:14,839 --> 00:06:17,600 Speaker 1: of money in their pocket. Somebody is going to go 119 00:06:17,680 --> 00:06:21,719 Speaker 1: to the nightclub and something's gonna happen and the next 120 00:06:21,720 --> 00:06:25,120 Speaker 1: thing you know, the whole thing is going to be shattered. 121 00:06:25,200 --> 00:06:30,560 Speaker 1: I hope they keep their behavior in check. I worry 122 00:06:30,560 --> 00:06:33,320 Speaker 1: about that. Yeah, I mean I worry about it too. 123 00:06:33,320 --> 00:06:35,400 Speaker 1: I mean we've certainly seen a little bit of that 124 00:06:35,480 --> 00:06:37,880 Speaker 1: in the NFL, But with the NFL, you're talking about 125 00:06:37,920 --> 00:06:43,800 Speaker 1: a lot more uh personnel, candidly, a lot more people involved. 126 00:06:44,080 --> 00:06:47,680 Speaker 1: The NBA knows what the right behavior is supposed to be. 127 00:06:48,000 --> 00:06:49,600 Speaker 1: But I take your point. You know, they were in 128 00:06:49,640 --> 00:06:53,560 Speaker 1: a bubble beforehand, and as you heard Lebron said, no 129 00:06:53,640 --> 00:06:56,760 Speaker 1: positive cases across those ninety days. Uh, we're also going 130 00:06:56,839 --> 00:06:59,840 Speaker 1: into uh you know, we are in a much more 131 00:06:59,839 --> 00:07:02,200 Speaker 1: to interest time when it comes to the virus for 132 00:07:02,279 --> 00:07:05,360 Speaker 1: sure through these winter months. So here's hoping that the 133 00:07:05,440 --> 00:07:09,920 Speaker 1: NBA figures it out. But as we all know, the 134 00:07:10,240 --> 00:07:12,880 Speaker 1: money is driving this in many ways. And uh, and 135 00:07:12,920 --> 00:07:14,560 Speaker 1: you said it where you said it, Lynch, You I 136 00:07:14,600 --> 00:07:17,680 Speaker 1: mean billions of dollars at stake. Uh. If they can 137 00:07:17,880 --> 00:07:21,000 Speaker 1: get this right and get the h the product back 138 00:07:21,040 --> 00:07:25,000 Speaker 1: on the court, because without fans, uh, they need to 139 00:07:25,000 --> 00:07:26,720 Speaker 1: figure out a way to at least get people to 140 00:07:26,720 --> 00:07:28,720 Speaker 1: watch it on TV. Yeah, they're gonna have the draft 141 00:07:28,760 --> 00:07:31,640 Speaker 1: in November eighteenth. They're gonna go to camp December one, 142 00:07:31,680 --> 00:07:33,880 Speaker 1: so I mean they're gonna be practicing for three weeks 143 00:07:33,880 --> 00:07:37,200 Speaker 1: before they tip it off on December twenty second. Today, 144 00:07:37,520 --> 00:07:39,640 Speaker 1: we're happy to be speaking with Nigel Echoes. He is 145 00:07:39,680 --> 00:07:43,040 Speaker 1: co founder and CEO of sports chat app flick. It 146 00:07:43,200 --> 00:07:46,000 Speaker 1: is new and co founder and former CEO of fantasy 147 00:07:46,040 --> 00:07:49,680 Speaker 1: sports and betting platform FanDuel. Heard of them, So, Nigel, 148 00:07:49,800 --> 00:07:53,880 Speaker 1: so much to talk to you about. Here on a Wednesday, 149 00:07:53,920 --> 00:07:55,680 Speaker 1: that's when we're taping this. The world is a little 150 00:07:55,680 --> 00:07:59,160 Speaker 1: bit in flux, but here we are, and we love 151 00:07:59,200 --> 00:08:02,080 Speaker 1: talking about sport and the business of sports. Tell us 152 00:08:02,120 --> 00:08:06,040 Speaker 1: a little bit about flick Yeah, great, especially thanks for 153 00:08:06,040 --> 00:08:09,320 Speaker 1: having me on um so flix a chat platform for 154 00:08:09,360 --> 00:08:13,960 Speaker 1: sports fans. Um It's basically what we felt. There was 155 00:08:14,000 --> 00:08:17,560 Speaker 1: a space where sports fans can hang out, particularly during 156 00:08:17,600 --> 00:08:21,440 Speaker 1: live games, where they can chat other fans the same team, 157 00:08:21,600 --> 00:08:25,200 Speaker 1: they can cheer, they can trade predictions, um and we 158 00:08:25,240 --> 00:08:27,480 Speaker 1: just felt that there was nowhere I was really good 159 00:08:27,480 --> 00:08:29,480 Speaker 1: for that to happen right now, and there was an 160 00:08:29,480 --> 00:08:33,280 Speaker 1: opportunity to build something for that. Since the election, I 161 00:08:33,280 --> 00:08:36,800 Speaker 1: could say this that at least three states have voted 162 00:08:36,800 --> 00:08:42,840 Speaker 1: to legalize sports UH in Maryland, South Dakota and also 163 00:08:43,360 --> 00:08:47,840 Speaker 1: UH in Louisiana. And I just wonder with your app, 164 00:08:48,520 --> 00:08:52,840 Speaker 1: what can it do to help raise revenue for you? 165 00:08:53,240 --> 00:08:57,680 Speaker 1: And where do you see sports betting going because those 166 00:08:58,280 --> 00:09:02,400 Speaker 1: uh some sites like half Kings they went up in 167 00:09:02,480 --> 00:09:07,679 Speaker 1: trading Flutter went up. Yeah, so that they're significant. And 168 00:09:08,000 --> 00:09:10,000 Speaker 1: one of the things that significant is we're not over 169 00:09:11,120 --> 00:09:14,360 Speaker 1: of u s states have legalized sports betting in some 170 00:09:14,440 --> 00:09:18,280 Speaker 1: form of another, not not everywhere has online sports betting. 171 00:09:18,360 --> 00:09:21,680 Speaker 1: I'm I'm calling here from New York. We have sports betting. 172 00:09:21,720 --> 00:09:25,199 Speaker 1: You wouldn't know because they're in casino's upstate, we don't 173 00:09:25,200 --> 00:09:28,120 Speaker 1: have online sports betting. But we're actually we're above the 174 00:09:29,120 --> 00:09:33,160 Speaker 1: at the five state mark. UM sports betting still early, 175 00:09:33,440 --> 00:09:38,319 Speaker 1: uh last year I think total revenue for their operators, 176 00:09:38,400 --> 00:09:40,560 Speaker 1: but half a billion this year is going to be 177 00:09:40,800 --> 00:09:43,520 Speaker 1: over a billion dollars. This is a market that's going 178 00:09:43,559 --> 00:09:46,200 Speaker 1: to go to twenties thirty billion dollars. So like we're 179 00:09:46,760 --> 00:09:49,959 Speaker 1: we're probably five percent of the way there. And in 180 00:09:50,120 --> 00:09:52,840 Speaker 1: terms of the size of the market, we're not states. 181 00:09:52,840 --> 00:09:55,959 Speaker 1: I've complete confidence we're going to see at least forty states, 182 00:09:56,160 --> 00:09:58,880 Speaker 1: if not forty five states, So it's going to be 183 00:09:58,920 --> 00:10:03,240 Speaker 1: really big market. Um, there's early leaders obviously like my 184 00:10:03,320 --> 00:10:06,280 Speaker 1: old company, FANNGEO is a number one and in most 185 00:10:06,640 --> 00:10:10,120 Speaker 1: of those markets, and I'm pretty bullish and expect he 186 00:10:10,120 --> 00:10:13,720 Speaker 1: will continue to be that. DraftKings is also an early leader, 187 00:10:14,000 --> 00:10:16,880 Speaker 1: and I think they'll continue to be strong. The one 188 00:10:16,920 --> 00:10:20,000 Speaker 1: thing that we're excited with Flick, what we want to 189 00:10:20,000 --> 00:10:22,480 Speaker 1: bring to the party is is to bring a social 190 00:10:22,520 --> 00:10:26,720 Speaker 1: element around that. If you bet on any of these 191 00:10:26,720 --> 00:10:28,840 Speaker 1: apps today, look, it's great, you can get a bet 192 00:10:28,840 --> 00:10:30,520 Speaker 1: on it. It's like school. You can bet from your phone. 193 00:10:31,200 --> 00:10:34,440 Speaker 1: That's a that's a that's a great experience, but you 194 00:10:34,480 --> 00:10:36,760 Speaker 1: don't really have the social element of it. And the 195 00:10:36,800 --> 00:10:39,199 Speaker 1: way I explain it to people like, imagine on a 196 00:10:39,280 --> 00:10:42,960 Speaker 1: Vegas and imagine going watching sports and betting on sports 197 00:10:43,000 --> 00:10:46,839 Speaker 1: and having the whole experience, and then imagine doing it, 198 00:10:46,880 --> 00:10:48,800 Speaker 1: but hey, you're not allowed to go with your friends, 199 00:10:48,920 --> 00:10:50,400 Speaker 1: and but you're not allowed to talk to anybody when 200 00:10:50,440 --> 00:10:53,760 Speaker 1: you're there, and you're kind of like that kind of sucks, right, 201 00:10:53,800 --> 00:10:56,120 Speaker 1: And so what we're trying to do with Black is 202 00:10:56,240 --> 00:11:00,240 Speaker 1: to allow you, Yes you're going bad, but you want 203 00:11:00,240 --> 00:11:01,880 Speaker 1: to give you the community you can hang out with, 204 00:11:02,080 --> 00:11:04,000 Speaker 1: you can chat with, you can share your bets with. 205 00:11:04,520 --> 00:11:06,959 Speaker 1: That's what we're trying to build Nigel, This is Mike 206 00:11:07,240 --> 00:11:10,280 Speaker 1: in Boston. So what do you separates you or distinguishes 207 00:11:10,280 --> 00:11:15,400 Speaker 1: you from Twitter, Instagram, TikTok, a regular messaging thread. Yeah, 208 00:11:15,400 --> 00:11:19,000 Speaker 1: it's a really good question. Um so i'd really there's 209 00:11:19,040 --> 00:11:22,079 Speaker 1: there's really two things. One is that we're purely built 210 00:11:22,120 --> 00:11:25,280 Speaker 1: for sports. Um, so I think none of those will 211 00:11:25,320 --> 00:11:30,600 Speaker 1: have integrated scores and stats. Um they are, you know, 212 00:11:30,640 --> 00:11:32,880 Speaker 1: they're just not really built for that. And then secondly, 213 00:11:33,600 --> 00:11:36,720 Speaker 1: and and there's only there are only sports fans in there. 214 00:11:36,760 --> 00:11:38,560 Speaker 1: So if you're in a f TV, which is our 215 00:11:38,640 --> 00:11:41,320 Speaker 1: one of our big arsenal groups, there's only arsenal fans 216 00:11:41,320 --> 00:11:44,199 Speaker 1: in there. And so um, it's not going to be 217 00:11:44,360 --> 00:11:46,439 Speaker 1: like today if you were in you know, Twitter, you're 218 00:11:46,440 --> 00:11:49,480 Speaker 1: gonna be deluged with political chat and really a lot 219 00:11:49,480 --> 00:11:51,680 Speaker 1: of time you just want to chat about your team. Um. 220 00:11:51,880 --> 00:11:55,079 Speaker 1: And so that's the first one built for sports with 221 00:11:55,200 --> 00:11:58,959 Speaker 1: fans of your team. And then number two is built 222 00:11:59,000 --> 00:12:06,040 Speaker 1: for live so uh, Instagram read not really built for live. 223 00:12:06,160 --> 00:12:09,160 Speaker 1: Twitter is it's it's pretty good at live, but it's 224 00:12:09,200 --> 00:12:11,079 Speaker 1: not very good at chat. Like it's kind of more 225 00:12:11,080 --> 00:12:13,440 Speaker 1: for comment thing in some of the comments and that comments, 226 00:12:14,120 --> 00:12:17,360 Speaker 1: whereas Flick is built for live chat, so you're in there. 227 00:12:17,400 --> 00:12:20,240 Speaker 1: It's a bit more like Twitch if you're familiar with 228 00:12:20,280 --> 00:12:22,760 Speaker 1: that platform, where it's live chat about an event that's 229 00:12:22,800 --> 00:12:26,080 Speaker 1: happening right now. So those are really the two big differences, Nigel, 230 00:12:26,080 --> 00:12:29,800 Speaker 1: How do you make money? Yes, So we've we've partnered 231 00:12:29,800 --> 00:12:33,040 Speaker 1: with MGM about MGM, which is the number three operator 232 00:12:33,320 --> 00:12:37,679 Speaker 1: in the US market UM, and so we basically what 233 00:12:37,679 --> 00:12:41,400 Speaker 1: we're planning to is integrate with that platform and so 234 00:12:41,640 --> 00:12:45,439 Speaker 1: they will revenue share with US users who hang out 235 00:12:45,480 --> 00:12:48,000 Speaker 1: on Flick but then bed on MGM, and so it 236 00:12:48,120 --> 00:12:51,160 Speaker 1: is reliant on sort of the betting ecosystem. Just so 237 00:12:51,200 --> 00:12:54,439 Speaker 1: I understand, it's understand it, okay, So why not with 238 00:12:54,480 --> 00:13:00,480 Speaker 1: your your former friends over right, vandel Um. Honestly, mg UM, 239 00:13:00,520 --> 00:13:05,120 Speaker 1: like we really evaluated everyone and we thought that MGM 240 00:13:05,160 --> 00:13:08,440 Speaker 1: had the best platform for us and that it had 241 00:13:09,280 --> 00:13:11,960 Speaker 1: had an API that we could integrate with and so 242 00:13:12,040 --> 00:13:16,480 Speaker 1: we could provide a completely seamless experience between for our 243 00:13:16,559 --> 00:13:18,800 Speaker 1: user to go over the MGM, so they can actually 244 00:13:18,800 --> 00:13:21,440 Speaker 1: start the bet on us, they complete an MGM, they 245 00:13:21,440 --> 00:13:24,400 Speaker 1: can come back to us and we actually contract their 246 00:13:24,440 --> 00:13:27,600 Speaker 1: beat within o app. So the MGM were just you know, 247 00:13:27,880 --> 00:13:31,199 Speaker 1: the their platform as it they stand today, it was 248 00:13:31,320 --> 00:13:34,319 Speaker 1: much better for that. It was reading your bio. Flick 249 00:13:34,440 --> 00:13:37,440 Speaker 1: is an Edberg based video game and social streaming platform. 250 00:13:37,559 --> 00:13:40,199 Speaker 1: Obviously I get what the social streaming platform is about, 251 00:13:40,520 --> 00:13:43,760 Speaker 1: but what's the video game part of it? Yeah, that 252 00:13:43,880 --> 00:13:47,160 Speaker 1: may be a you know, a little bit of a 253 00:13:47,240 --> 00:13:50,080 Speaker 1: legacy from the past. We actually looked at gaming a 254 00:13:50,120 --> 00:13:53,959 Speaker 1: couple of years ago when we were developing this platform, 255 00:13:54,000 --> 00:13:57,959 Speaker 1: and we were honestly, we're really inspired by Twitch and 256 00:13:58,160 --> 00:14:02,040 Speaker 1: discord and said, these are tools of gamers used to 257 00:14:02,120 --> 00:14:04,439 Speaker 1: chat and hang out with each other's online and we 258 00:14:04,440 --> 00:14:06,720 Speaker 1: were like, well, why don't sports fans have these tools, 259 00:14:06,720 --> 00:14:09,240 Speaker 1: Like why isn't there a discorder Twitch for sports? And 260 00:14:09,280 --> 00:14:11,480 Speaker 1: so we really took those ideas and brought it over 261 00:14:11,480 --> 00:14:14,040 Speaker 1: to sports. Nigel, I keep seeing the term up here 262 00:14:14,120 --> 00:14:18,040 Speaker 1: sports influencers that will engage with fans. To just just 263 00:14:18,120 --> 00:14:21,920 Speaker 1: define a sports influencer for someone, Yeah, that's That's something 264 00:14:21,960 --> 00:14:25,560 Speaker 1: else that we've sort of discovered the last year is 265 00:14:26,360 --> 00:14:30,239 Speaker 1: groups really are typically led by what we would call influencer. 266 00:14:30,320 --> 00:14:34,280 Speaker 1: That would be somebody typically who is on YouTube or 267 00:14:34,320 --> 00:14:38,000 Speaker 1: Instagram who has a following of between ten or a 268 00:14:38,080 --> 00:14:42,800 Speaker 1: hundred DoD fans um and they're some of the really 269 00:14:42,880 --> 00:14:45,760 Speaker 1: big ones are like a FTV or United stands, So 270 00:14:46,600 --> 00:14:50,400 Speaker 1: a f TV Robbie who runs that and he will 271 00:14:50,440 --> 00:14:53,440 Speaker 1: get hundreds of thousands of views on his YouTube videos 272 00:14:53,480 --> 00:14:56,360 Speaker 1: and he'll do like he will do like sort of 273 00:14:56,400 --> 00:14:59,360 Speaker 1: fan chat or like he he'll talk to fans, he'll 274 00:14:59,360 --> 00:15:01,920 Speaker 1: do watch a wrong so you can kind of watch 275 00:15:02,000 --> 00:15:06,240 Speaker 1: him on YouTube with his friends watching arsenal um. And 276 00:15:06,280 --> 00:15:10,640 Speaker 1: so that's an example of a you know, pretty successful influencer. 277 00:15:10,720 --> 00:15:14,080 Speaker 1: Like they're really at scale, but then some of them are, say, 278 00:15:14,360 --> 00:15:18,880 Speaker 1: um are one of our big Cowboys groups has got 279 00:15:19,240 --> 00:15:22,360 Speaker 1: a Cowboys Instagram group. He's got a you know, twenty 280 00:15:22,440 --> 00:15:25,160 Speaker 1: or thirty SIGs and followers there, but he wanted a 281 00:15:25,200 --> 00:15:29,720 Speaker 1: platform on where he could chat with, you know, with 282 00:15:29,960 --> 00:15:32,360 Speaker 1: the people in his group during games, and so he 283 00:15:32,480 --> 00:15:35,920 Speaker 1: created a group on flick. So he's he's an influencer. 284 00:15:35,960 --> 00:15:39,720 Speaker 1: He's you know, he's got followers on Instagram and he 285 00:15:40,160 --> 00:15:42,760 Speaker 1: brought them over the flag. And so Nigel, what is 286 00:15:42,800 --> 00:15:47,120 Speaker 1: your relationship with those teams and those clubs ultimately or 287 00:15:47,200 --> 00:15:50,120 Speaker 1: you just adjacent to them or is there a business relationship? 288 00:15:50,800 --> 00:15:53,720 Speaker 1: So there there isn't today where we have We've had 289 00:15:53,760 --> 00:15:56,560 Speaker 1: a number of teams reached out to us because what 290 00:15:56,640 --> 00:16:00,880 Speaker 1: they're looking at is, um, well, you know, the next 291 00:16:00,920 --> 00:16:04,520 Speaker 1: season it doesn't look great for them, and that you know, 292 00:16:04,560 --> 00:16:07,040 Speaker 1: for example, the NBA, they're now looking and saying, well, look, 293 00:16:07,640 --> 00:16:09,480 Speaker 1: you know, do we start in Christmas? You know, in 294 00:16:09,520 --> 00:16:11,160 Speaker 1: the same word, you start in January? But do you 295 00:16:11,200 --> 00:16:13,280 Speaker 1: know it probably doesn't matter because we're not going to 296 00:16:13,360 --> 00:16:16,440 Speaker 1: have fans in stadium. Obviously there's a big revenue hit. 297 00:16:16,680 --> 00:16:19,400 Speaker 1: But they're also and this interesting thing, they're also really 298 00:16:19,400 --> 00:16:22,080 Speaker 1: worried about fan engagement. Are they going to see are 299 00:16:22,080 --> 00:16:25,240 Speaker 1: they going to see ratings decline? Are they are their 300 00:16:25,280 --> 00:16:27,480 Speaker 1: season ticket tolder is not going to come back for 301 00:16:27,520 --> 00:16:30,720 Speaker 1: the following season because they've kind of lost interest. Are 302 00:16:30,720 --> 00:16:32,520 Speaker 1: they not going to bring into the younger members. So 303 00:16:32,560 --> 00:16:35,400 Speaker 1: they're trying to say, and how do we how do 304 00:16:35,440 --> 00:16:37,920 Speaker 1: we keep people engaged even though we can't get into 305 00:16:37,960 --> 00:16:40,120 Speaker 1: the stadium. And so we have started talking to some 306 00:16:40,200 --> 00:16:42,480 Speaker 1: teams about them setting up what I guess with in 307 00:16:42,520 --> 00:16:45,520 Speaker 1: a way would be an official group of their fans. 308 00:16:45,600 --> 00:16:48,320 Speaker 1: And so we're having those discussions right now. We we 309 00:16:48,360 --> 00:16:52,040 Speaker 1: actually we've not launched any of those yet I think it. 310 00:16:52,120 --> 00:16:54,840 Speaker 1: I think it makes sense for them, but we'll we'll 311 00:16:54,840 --> 00:16:56,720 Speaker 1: have to wait and see. All right, stay tuned for 312 00:16:56,760 --> 00:16:59,040 Speaker 1: more of our conversation with Nigel Echos. We're going to 313 00:16:59,120 --> 00:17:02,320 Speaker 1: talk more about what Flick is doing in the broader 314 00:17:02,400 --> 00:17:06,320 Speaker 1: sports ecosystem, also what happens when maybe we do get 315 00:17:06,359 --> 00:17:11,680 Speaker 1: those fans back in stands and how the relationship may change. So, Nigel, 316 00:17:12,240 --> 00:17:15,800 Speaker 1: timing is everything in life, as you probably know, uh, 317 00:17:15,840 --> 00:17:19,119 Speaker 1: and clearly we got sports back, but as you were 318 00:17:19,160 --> 00:17:22,600 Speaker 1: talking about earlier in our conversation, fans aren't back yet. 319 00:17:22,720 --> 00:17:26,120 Speaker 1: They are looking for ways to engage. Presumably that's been 320 00:17:26,200 --> 00:17:30,439 Speaker 1: good for you. How do you ensure that your folks 321 00:17:30,440 --> 00:17:33,400 Speaker 1: sort of stick around when they are able to get 322 00:17:33,440 --> 00:17:40,040 Speaker 1: back into the arenas. Yet it has, um, it has 323 00:17:40,080 --> 00:17:42,679 Speaker 1: been quite fortunate timing for us, and that Flick is 324 00:17:42,680 --> 00:17:44,440 Speaker 1: an app that allows you to hang out with the 325 00:17:44,520 --> 00:17:48,320 Speaker 1: fans and the situation today is you can't go to stadiums, 326 00:17:48,359 --> 00:17:51,640 Speaker 1: you can't even really go to sports bars, and so 327 00:17:52,000 --> 00:17:55,520 Speaker 1: it's definitely accelerant for us. Um. We think the fun 328 00:17:55,600 --> 00:17:58,480 Speaker 1: experience on Flick is going to be one that people 329 00:17:58,480 --> 00:18:01,520 Speaker 1: are going to get used at experience UM. You know, 330 00:18:01,520 --> 00:18:05,439 Speaker 1: the vast majority for example, Arsenal UM. You know, you 331 00:18:05,440 --> 00:18:09,879 Speaker 1: can only sit people into the Arsenal stadium, but Arsenal 332 00:18:09,920 --> 00:18:14,080 Speaker 1: has good millions of fans, and so yes, there are 333 00:18:14,240 --> 00:18:16,680 Speaker 1: groups of people who you know otherwise we've been the stadium. 334 00:18:16,680 --> 00:18:19,679 Speaker 1: But even when that opens up again, those millions of 335 00:18:19,720 --> 00:18:22,639 Speaker 1: fans are going to want a way to connect and 336 00:18:22,680 --> 00:18:24,879 Speaker 1: and flick. We think it's like the best way to 337 00:18:24,920 --> 00:18:27,520 Speaker 1: do that. So we definitely, you know, we definitely think 338 00:18:27,520 --> 00:18:30,159 Speaker 1: there's an opportunity to kind of, um really market this 339 00:18:30,359 --> 00:18:33,320 Speaker 1: for those people who otherwise would be in the stadium, 340 00:18:33,359 --> 00:18:35,520 Speaker 1: but we think the market is actually much bigger than 341 00:18:35,560 --> 00:18:39,679 Speaker 1: not people. So I love the social streaming part of 342 00:18:39,720 --> 00:18:43,639 Speaker 1: it and where people like me Detroit Lions fans, we 343 00:18:43,680 --> 00:18:45,760 Speaker 1: can go to one site, so all four of us 344 00:18:45,800 --> 00:18:48,680 Speaker 1: are in there and then all of a sudden, Jason 345 00:18:49,240 --> 00:18:51,880 Speaker 1: and Lynchy come in and then they want to talk 346 00:18:51,920 --> 00:18:56,440 Speaker 1: smack about the Atlanta Falcons and the New England patriots idea. 347 00:18:56,480 --> 00:19:01,400 Speaker 1: What you're talking about, how do you police and what 348 00:19:01,400 --> 00:19:05,880 Speaker 1: what advice do you have and what do you take 349 00:19:06,280 --> 00:19:08,760 Speaker 1: to do something about that? Yeah, it's a really good point. 350 00:19:08,800 --> 00:19:11,679 Speaker 1: Probably one of the biggest challenges here is building a 351 00:19:11,720 --> 00:19:14,320 Speaker 1: social product in sports is how do you deal with 352 00:19:14,359 --> 00:19:16,800 Speaker 1: the passion. The passion is great, right, you want the passion, 353 00:19:16,800 --> 00:19:18,280 Speaker 1: want people coming back every day, You want them to 354 00:19:18,320 --> 00:19:20,880 Speaker 1: be really engaged. But it kind of a really sort 355 00:19:20,920 --> 00:19:25,280 Speaker 1: of negative side to it, which is you know, trolling people, 356 00:19:25,440 --> 00:19:29,240 Speaker 1: you know, purposely to being disruptive. When fans get into 357 00:19:29,320 --> 00:19:33,359 Speaker 1: rival fans chat, it can be really messy. We spent 358 00:19:34,160 --> 00:19:38,320 Speaker 1: probably about a year on this. UM. We We've got 359 00:19:38,320 --> 00:19:40,440 Speaker 1: some groups that are very strong and Greece and for 360 00:19:40,520 --> 00:19:45,239 Speaker 1: some reason, great soccer fans love nothing more but some do. 361 00:19:45,600 --> 00:19:48,360 Speaker 1: I don't, but some do that we had nothing more 362 00:19:48,400 --> 00:19:52,400 Speaker 1: than trolling other fans UM and so we had to 363 00:19:52,480 --> 00:19:55,040 Speaker 1: learn a lot about how to manage them UM and 364 00:19:55,080 --> 00:19:59,760 Speaker 1: so we put in a lot of controls, a lot 365 00:19:59,800 --> 00:20:02,439 Speaker 1: of ways to sort of protect groups and ways for 366 00:20:02,560 --> 00:20:07,040 Speaker 1: the people can quickly moderate them UM so and and 367 00:20:07,040 --> 00:20:10,800 Speaker 1: that's been pretty successful. We also like we monitor complaints 368 00:20:10,840 --> 00:20:15,399 Speaker 1: about you know, abusive behavior and trolling UM and not 369 00:20:15,680 --> 00:20:18,960 Speaker 1: dramatically dying. It's not been easy, yes, it's probably taking 370 00:20:18,960 --> 00:20:20,680 Speaker 1: its Honestly, it's taking about a year to really kind 371 00:20:20,680 --> 00:20:23,840 Speaker 1: of get on top of that. UM in terms of 372 00:20:23,880 --> 00:20:25,800 Speaker 1: the other thing I would say that has been real 373 00:20:25,880 --> 00:20:29,600 Speaker 1: positive is when we start a group with a good host, um, 374 00:20:29,840 --> 00:20:31,679 Speaker 1: there's a kind of community failed to it, and so 375 00:20:31,720 --> 00:20:34,679 Speaker 1: people feel a connection. Um you know, so one of 376 00:20:34,680 --> 00:20:37,359 Speaker 1: you were to credit, um, the listeners would feel a 377 00:20:37,359 --> 00:20:39,280 Speaker 1: connection with you, and so there will be a sort 378 00:20:39,280 --> 00:20:41,960 Speaker 1: of a community from day one. So that means that 379 00:20:42,000 --> 00:20:45,160 Speaker 1: if somebody comes in and wants to be disruptive, everyone 380 00:20:45,160 --> 00:20:47,280 Speaker 1: in that community would want to say, look, let's you know, 381 00:20:47,400 --> 00:20:49,720 Speaker 1: we need to sort this eye. Because we enjoy being 382 00:20:49,760 --> 00:20:51,520 Speaker 1: in this group. We're enjoy being part of it. We 383 00:20:51,520 --> 00:20:53,960 Speaker 1: feel a sense of community, and so that's a big 384 00:20:53,960 --> 00:20:56,160 Speaker 1: factor as well. Actual I notice you're in a hundred 385 00:20:56,200 --> 00:20:59,919 Speaker 1: and eighty different countries, so that studiens everything from football, basket, 386 00:21:00,000 --> 00:21:06,159 Speaker 1: all baseball, the cricket, soccer, croquet, field hockey. In what 387 00:21:06,280 --> 00:21:09,800 Speaker 1: country is your biggest engagement and with what sport? Yes, 388 00:21:10,000 --> 00:21:14,000 Speaker 1: So the easy one is sports. Soccer is by far 389 00:21:14,119 --> 00:21:17,280 Speaker 1: our most significant sport today and that actually has sort 390 00:21:17,280 --> 00:21:22,800 Speaker 1: of really driven the geographical diversity of the product. The 391 00:21:22,880 --> 00:21:27,080 Speaker 1: US surprisingly is actually the number one, but it's only 392 00:21:27,080 --> 00:21:29,480 Speaker 1: about a quarter of user base, and a lot of 393 00:21:29,520 --> 00:21:32,920 Speaker 1: that is actually for soccer. And whenever we someone creates 394 00:21:32,920 --> 00:21:34,920 Speaker 1: a new group or soccer group and they say, hey, 395 00:21:35,040 --> 00:21:37,320 Speaker 1: what's your name? Where you from? You just see the 396 00:21:37,400 --> 00:21:40,560 Speaker 1: diversity of like you know, all across the US. You 397 00:21:40,600 --> 00:21:44,880 Speaker 1: see UK, you know, you'll see Europe, You'll see Indonesia, 398 00:21:45,119 --> 00:21:48,840 Speaker 1: you'll see Nigeria, um. And it's just like you see 399 00:21:48,840 --> 00:21:51,879 Speaker 1: the diversity of say the Arsenal fans or diversity of 400 00:21:51,880 --> 00:21:55,679 Speaker 1: Man United fans. That's what we're seeing, so just really 401 00:21:55,720 --> 00:21:59,720 Speaker 1: really spread out. The biggest groups are largely in English speaking, 402 00:22:00,800 --> 00:22:02,800 Speaker 1: but we do have a number of non English specting 403 00:22:02,840 --> 00:22:06,200 Speaker 1: groups mentioned before. We have a number of quite large 404 00:22:06,200 --> 00:22:10,920 Speaker 1: Greek groups. We actually have groups in non Roman alphabets, 405 00:22:10,920 --> 00:22:16,280 Speaker 1: so in Arabic script um. There's very big Arabic fan 406 00:22:16,359 --> 00:22:19,280 Speaker 1: bases for a lot of the Spanish clubs in particular 407 00:22:19,359 --> 00:22:22,479 Speaker 1: like Barcelona Madrid UM, and so we've we've got some 408 00:22:22,480 --> 00:22:24,480 Speaker 1: pretty big groups there. Well, thank you so much for 409 00:22:24,560 --> 00:22:26,520 Speaker 1: joining us. We're here each and every week at the 410 00:22:26,560 --> 00:22:28,520 Speaker 1: same time talking to the biggest names in sports. I'm 411 00:22:28,600 --> 00:22:32,040 Speaker 1: Jason Kelly alongside Michae Lynch and Michael Barr. Let's get 412 00:22:32,040 --> 00:22:34,280 Speaker 1: back to our conversation with Nigel Echos, He's co founder 413 00:22:34,280 --> 00:22:37,439 Speaker 1: and CEO of the sports chat app Flick, co founder 414 00:22:37,480 --> 00:22:41,600 Speaker 1: and former CEO of fantasy sports and betting platform fan Duel. 415 00:22:41,760 --> 00:22:44,080 Speaker 1: A lot of attention being paid to this space right now. 416 00:22:44,160 --> 00:22:47,040 Speaker 1: We know that to be true, and there's a lot 417 00:22:47,080 --> 00:22:49,720 Speaker 1: of sort of tie ups I guess that have happened here, 418 00:22:50,320 --> 00:22:53,760 Speaker 1: Nigel and I wonder when you look around the ecosystem 419 00:22:53,800 --> 00:22:56,000 Speaker 1: as it were, and you think about the tie up 420 00:22:56,000 --> 00:22:59,000 Speaker 1: between bar Stool and Penn National, what do you take 421 00:22:59,040 --> 00:23:02,200 Speaker 1: away from that, for instance, in terms of how these 422 00:23:02,280 --> 00:23:05,640 Speaker 1: for lack of better terms, sort of content betting marriages 423 00:23:05,680 --> 00:23:10,480 Speaker 1: can work. Yeah, it's it's a really interesting phenomena. And 424 00:23:10,520 --> 00:23:15,440 Speaker 1: we've seen uh Draft Kings with ESPN, We've seen bar 425 00:23:15,480 --> 00:23:20,160 Speaker 1: Stool with pan um it. I think it under underlines 426 00:23:20,200 --> 00:23:22,760 Speaker 1: the sort of a strength and a weakness of the 427 00:23:22,840 --> 00:23:28,360 Speaker 1: sports betting business. UM. So. The strength is it's very 428 00:23:28,400 --> 00:23:31,440 Speaker 1: profitable UM and we see this in Europe the company 429 00:23:31,600 --> 00:23:35,960 Speaker 1: very successfully they turned sports betters into cash um for 430 00:23:36,040 --> 00:23:41,560 Speaker 1: one of a better word um. And the weakness though 431 00:23:41,720 --> 00:23:45,880 Speaker 1: of the industry is that it's it's generally on differentiated 432 00:23:45,960 --> 00:23:49,040 Speaker 1: and it's expenses to a car customers. But that I 433 00:23:49,040 --> 00:23:51,240 Speaker 1: mean on differentiate, I mean, you know, you go on 434 00:23:51,320 --> 00:23:55,640 Speaker 1: to DraftKings or Fan Jeel or William Hill's sports book 435 00:23:56,160 --> 00:23:59,320 Speaker 1: and they're not really that different. There are differences, So 436 00:23:59,480 --> 00:24:02,400 Speaker 1: f Angels got a better in running product than than DraftKings, 437 00:24:02,760 --> 00:24:05,640 Speaker 1: but we although I think Draft Kings will fix that UM, 438 00:24:05,720 --> 00:24:07,560 Speaker 1: and we've seen in Europe it's been quite hard for 439 00:24:07,560 --> 00:24:11,400 Speaker 1: people that like kind of have something that's really distinctively different, 440 00:24:12,400 --> 00:24:14,280 Speaker 1: if you know, to become like, you know, the Google 441 00:24:14,320 --> 00:24:16,119 Speaker 1: of betting, which would everyone would love to be, but 442 00:24:16,200 --> 00:24:18,359 Speaker 1: nobody is, and then no one's sort of sort of 443 00:24:18,400 --> 00:24:21,160 Speaker 1: managed to prove that. And then the second problem there 444 00:24:21,240 --> 00:24:24,359 Speaker 1: is that it's just very expensive to acquire UM. So 445 00:24:24,480 --> 00:24:29,439 Speaker 1: for example, we've seen in the US already that you know, 446 00:24:29,600 --> 00:24:32,440 Speaker 1: fanjo and Draft Kings are paying four hundred, five hundred 447 00:24:32,480 --> 00:24:36,920 Speaker 1: dollars maybe more to acquire customers, and it takes them 448 00:24:37,040 --> 00:24:40,200 Speaker 1: years to pay that customer back. And so way around 449 00:24:40,280 --> 00:24:44,720 Speaker 1: that is for them is to basically partner with a 450 00:24:44,800 --> 00:24:49,000 Speaker 1: brand like a bar stool or ESPN has those customers, 451 00:24:49,080 --> 00:24:51,679 Speaker 1: and so they're like, okay, you know, instead of just 452 00:24:51,760 --> 00:24:54,560 Speaker 1: pending um, you know, millions and millions of dollars trying 453 00:24:54,560 --> 00:24:56,920 Speaker 1: to acquire the customers. Why don't we partner with a 454 00:24:57,000 --> 00:24:59,320 Speaker 1: brand has these customers as a way that we can 455 00:24:59,359 --> 00:25:03,359 Speaker 1: kind of reduce our cost of customer acquisition. The growth 456 00:25:03,440 --> 00:25:06,520 Speaker 1: of E sports it is huge. How do you guys 457 00:25:06,600 --> 00:25:10,200 Speaker 1: that flick play off of that. Yeah, E sports is 458 00:25:10,240 --> 00:25:13,520 Speaker 1: really interesting. Actually, the sports is a category where the 459 00:25:13,600 --> 00:25:18,080 Speaker 1: social products are are really good. Twitch is phenomenal product. Um. 460 00:25:18,119 --> 00:25:21,399 Speaker 1: You know, it can scale. Like a week ago, I 461 00:25:21,440 --> 00:25:25,800 Speaker 1: watched aoc UH play among us and I thinks you 462 00:25:25,840 --> 00:25:29,520 Speaker 1: had four hundred and fifty current viewers um, and the 463 00:25:29,600 --> 00:25:32,720 Speaker 1: chat was incredibly engaging. You know, it was a very 464 00:25:32,800 --> 00:25:36,960 Speaker 1: social experience. And so we think the sports is great. 465 00:25:37,520 --> 00:25:41,520 Speaker 1: But we do think their chat platforms are actually quite 466 00:25:41,560 --> 00:25:45,720 Speaker 1: well developed. UM. For us, we are much more focused 467 00:25:45,720 --> 00:25:48,920 Speaker 1: on traditional sports and international sports. But we're you know, 468 00:25:48,960 --> 00:25:51,920 Speaker 1: we're excited the sports and we we actually think traditional 469 00:25:51,920 --> 00:25:54,360 Speaker 1: sports can learn a lot from it. And I think 470 00:25:54,560 --> 00:25:55,879 Speaker 1: is you know, it sort of has to learn it. 471 00:25:56,240 --> 00:25:59,640 Speaker 1: You know, the engagement in how E sports team they're 472 00:25:59,680 --> 00:26:02,240 Speaker 1: engaged in your fan base. How you know, if you 473 00:26:02,280 --> 00:26:05,760 Speaker 1: think of an E sports you can have a player 474 00:26:05,760 --> 00:26:07,600 Speaker 1: in your team. You know, you can have one of 475 00:26:07,600 --> 00:26:11,400 Speaker 1: your players and your team he actually plays with Um, 476 00:26:11,440 --> 00:26:14,400 Speaker 1: some of their fans on a regular basis is streaming regularly, 477 00:26:14,480 --> 00:26:17,720 Speaker 1: and you think about we'll imagine that like in traditional 478 00:26:17,760 --> 00:26:21,440 Speaker 1: sports where um, you know, you can't have your quarterback, 479 00:26:21,520 --> 00:26:24,400 Speaker 1: your team just you know, going and regularly playing with 480 00:26:24,640 --> 00:26:28,080 Speaker 1: just some fans. It doesn't really work like that. That's 481 00:26:28,119 --> 00:26:30,800 Speaker 1: happening in the sports, um. And so I think the 482 00:26:30,840 --> 00:26:33,440 Speaker 1: engagement that they're seeing any sports is some of the 483 00:26:33,480 --> 00:26:35,879 Speaker 1: traditional sports needs to look closely at and try and 484 00:26:35,920 --> 00:26:37,320 Speaker 1: kind of bring over. And they also need to look 485 00:26:37,320 --> 00:26:39,720 Speaker 1: at the tools that the sports is using and say 486 00:26:39,760 --> 00:26:43,760 Speaker 1: how do we translate that over traditional sports? Nigel, what 487 00:26:43,760 --> 00:26:47,240 Speaker 1: are you seeing for a growth rate for flick um? 488 00:26:47,400 --> 00:26:51,080 Speaker 1: So we've been growing very rapidly over this you know 489 00:26:51,119 --> 00:26:54,399 Speaker 1: sense of a June sort of a fifty months on months. Um, 490 00:26:55,359 --> 00:26:58,800 Speaker 1: we're you know, we we want that to continue. Actually, 491 00:26:58,840 --> 00:27:03,560 Speaker 1: surprisingly as a community, you don't want to grow too quickly. Um. 492 00:27:03,600 --> 00:27:07,960 Speaker 1: So that's fast, um. But what you often see is 493 00:27:08,000 --> 00:27:11,440 Speaker 1: if if a community out grows super quickly, you lose 494 00:27:11,480 --> 00:27:14,520 Speaker 1: that sense of community and people will come in and 495 00:27:14,520 --> 00:27:16,159 Speaker 1: you call it an industry, it's called a shark fin 496 00:27:16,320 --> 00:27:19,679 Speaker 1: You basically go up super fast and then everyone's like 497 00:27:20,680 --> 00:27:23,119 Speaker 1: the was the joker is said, no one goes there anymore, 498 00:27:23,119 --> 00:27:26,040 Speaker 1: it's too crowded. Um, it's kind of true. If if 499 00:27:26,040 --> 00:27:28,000 Speaker 1: you've got too many people coming in and there isn't 500 00:27:28,000 --> 00:27:31,200 Speaker 1: a sense of community, then people will abandon it very quickly. 501 00:27:31,240 --> 00:27:33,879 Speaker 1: And so we're very focused at growing in a in 502 00:27:34,000 --> 00:27:37,679 Speaker 1: a fast compound red but not not suddenly throwing a 503 00:27:37,680 --> 00:27:40,240 Speaker 1: ton of users at it where they don't really feel 504 00:27:40,240 --> 00:27:42,800 Speaker 1: a sense of identity with the other people in the community, 505 00:27:42,840 --> 00:27:45,000 Speaker 1: and then they and then the whole thing sort of 506 00:27:45,240 --> 00:27:49,560 Speaker 1: degree isn't to like you not bad experience, Nagel. We 507 00:27:49,560 --> 00:27:51,840 Speaker 1: we've talked about a lot of different folks in this 508 00:27:51,960 --> 00:27:54,440 Speaker 1: broader and I know I keep using this term ecosystem, 509 00:27:54,480 --> 00:27:56,679 Speaker 1: but talk to us a little bit about athletes. I 510 00:27:56,680 --> 00:28:00,280 Speaker 1: feel like we will look back on as the kind 511 00:28:00,280 --> 00:28:03,680 Speaker 1: of seminal moment in athlete empowerment. But also athletes more 512 00:28:03,680 --> 00:28:08,360 Speaker 1: and more taking more interest in their own business, their 513 00:28:08,440 --> 00:28:11,800 Speaker 1: own brand. We're seeing legislation, as you know here in 514 00:28:11,840 --> 00:28:15,680 Speaker 1: the United States, even around college athletes. So how does 515 00:28:15,680 --> 00:28:18,560 Speaker 1: an athlete sort of get involved in this because safe 516 00:28:18,600 --> 00:28:22,119 Speaker 1: to say, anything related to sports betting gets a little 517 00:28:22,119 --> 00:28:26,200 Speaker 1: tricky when it comes to athletes. Of all stripes. Yeah, 518 00:28:26,240 --> 00:28:29,360 Speaker 1: it's true. Like there's a very interesting trend and athletes 519 00:28:29,720 --> 00:28:34,479 Speaker 1: particularly true with with basketball, UM and not as a trend. 520 00:28:34,520 --> 00:28:39,080 Speaker 1: We're essentially the athletes call a shot, right, and we're 521 00:28:39,240 --> 00:28:42,320 Speaker 1: the athletes in effect, like, you know, to what extent 522 00:28:42,560 --> 00:28:45,440 Speaker 1: in ten years time, are you supporting that team? Are 523 00:28:45,480 --> 00:28:48,520 Speaker 1: you supporting are you following a particular athlete? And like 524 00:28:48,720 --> 00:28:50,760 Speaker 1: Lebron's kind of set them old here where people a 525 00:28:50,840 --> 00:28:53,240 Speaker 1: sort of followed them around every team and suddenly there 526 00:28:53,240 --> 00:28:54,960 Speaker 1: are Lakers fun and you know a couple of years 527 00:28:54,960 --> 00:28:59,760 Speaker 1: ago there were a Cleveland fan UM and NBA in particular, 528 00:29:00,640 --> 00:29:03,040 Speaker 1: the you can you know, in a lot of ways, 529 00:29:03,040 --> 00:29:06,320 Speaker 1: the all seasons more exciting than the actual season because 530 00:29:06,320 --> 00:29:08,280 Speaker 1: in the off season, that's when the athletes get together 531 00:29:08,280 --> 00:29:10,560 Speaker 1: and they say, okay, they do sort of a trading 532 00:29:10,600 --> 00:29:16,680 Speaker 1: game to try and build a champion, championship winning team. UM. 533 00:29:17,000 --> 00:29:18,840 Speaker 1: NBA is a little special like that. It's it would 534 00:29:18,880 --> 00:29:21,280 Speaker 1: be much harder to do that in football. UM. You 535 00:29:21,280 --> 00:29:24,280 Speaker 1: know there is some of that in football, but NBA 536 00:29:24,360 --> 00:29:27,520 Speaker 1: has been has been really important on that. The other 537 00:29:27,560 --> 00:29:30,240 Speaker 1: thing that we've seen again particularly NBA, is where they've 538 00:29:30,240 --> 00:29:33,640 Speaker 1: been investing in technology, and they've also been really driving 539 00:29:33,720 --> 00:29:38,920 Speaker 1: engagement with fans, have been very socially aware, um and 540 00:29:39,040 --> 00:29:41,320 Speaker 1: sort of aware of kind of technology trends and right 541 00:29:41,360 --> 00:29:44,320 Speaker 1: they sort of need to adopt it. So I we're 542 00:29:44,360 --> 00:29:46,960 Speaker 1: seeing a lot there and the you know, what does 543 00:29:47,000 --> 00:29:49,200 Speaker 1: this mean in the long I just think it means 544 00:29:49,200 --> 00:29:52,520 Speaker 1: that athletes become much more powerful at the expense in 545 00:29:52,520 --> 00:29:55,120 Speaker 1: a sense of teams and the teams and leagues. Like 546 00:29:55,160 --> 00:29:58,520 Speaker 1: the NBA, well, everyone says high successful they've been. Part 547 00:29:58,520 --> 00:30:01,040 Speaker 1: of that has been by a accepting that they no 548 00:30:01,120 --> 00:30:03,840 Speaker 1: longer call the shots that they kind of like if 549 00:30:03,840 --> 00:30:05,560 Speaker 1: we think of the restart of the NBA and they 550 00:30:05,680 --> 00:30:08,000 Speaker 1: you know, they nearly had a mutiny in their hands. 551 00:30:08,280 --> 00:30:11,480 Speaker 1: They basically said, you tell us. It was kind of 552 00:30:11,480 --> 00:30:13,760 Speaker 1: looked like to me, like, you tell us what's important 553 00:30:13,760 --> 00:30:16,720 Speaker 1: to us and we'll do it. Um, you know, and 554 00:30:16,720 --> 00:30:19,520 Speaker 1: that was that really is interesting, Like it's that's a 555 00:30:19,600 --> 00:30:22,400 Speaker 1: huge shift from from ten years ago. So let me 556 00:30:22,440 --> 00:30:24,640 Speaker 1: follow that if I can and talk a little bit 557 00:30:25,000 --> 00:30:27,440 Speaker 1: more about the NBA, because it also feels like, and 558 00:30:27,760 --> 00:30:30,040 Speaker 1: you know this far better than I, so keep me honest, 559 00:30:30,480 --> 00:30:33,880 Speaker 1: It feels like the NBA and specifically Adam Silver had 560 00:30:33,880 --> 00:30:36,720 Speaker 1: been maybe a little more progressive as it were a 561 00:30:36,800 --> 00:30:39,480 Speaker 1: little more open than maybe some of the other leagues, 562 00:30:39,560 --> 00:30:43,640 Speaker 1: even when it comes to sports betting and sharing data 563 00:30:43,680 --> 00:30:45,520 Speaker 1: and all of those things. Do I have that right? 564 00:30:45,560 --> 00:30:47,720 Speaker 1: And what are the applications of that? Yeah? And so 565 00:30:48,200 --> 00:30:52,440 Speaker 1: famously in two thousand and it was two thousand fifteen, 566 00:30:53,680 --> 00:30:56,760 Speaker 1: maybe two thousand fortune actually a Silver wrote in all 567 00:30:56,800 --> 00:31:01,160 Speaker 1: bad saying legalized sports betting, and he said, look, it's 568 00:31:01,240 --> 00:31:03,520 Speaker 1: it's not that it's not happening. It is happening, but 569 00:31:03,520 --> 00:31:06,080 Speaker 1: it's happened. I legally we should open it up. And 570 00:31:06,120 --> 00:31:08,840 Speaker 1: then that stage of the NFL was still opposed. The 571 00:31:08,880 --> 00:31:13,400 Speaker 1: other leagues were need and they were, you know, they 572 00:31:13,400 --> 00:31:17,880 Speaker 1: were publicly opposed, but privately maybe somewhat supportive. So he's 573 00:31:17,920 --> 00:31:21,160 Speaker 1: from the very start has been supportive of that. So 574 00:31:21,280 --> 00:31:22,760 Speaker 1: I'm going to be the guy that's going to make 575 00:31:22,800 --> 00:31:24,959 Speaker 1: a fool of himself. And I thought I heard you 576 00:31:25,080 --> 00:31:28,120 Speaker 1: say it when we were talking about E sports and 577 00:31:28,160 --> 00:31:34,480 Speaker 1: you mentioned AOC. Are we talking about Congresswoman Aoc? Yes, yes, 578 00:31:35,360 --> 00:31:41,560 Speaker 1: newly re elected Yeah, yes, yes, Wow, that's interesting, which 579 00:31:41,560 --> 00:31:44,360 Speaker 1: brings me to the next point. That's got to help 580 00:31:45,000 --> 00:31:50,080 Speaker 1: with a strategy of you engaging trying to get younger fans. Yeah, 581 00:31:50,160 --> 00:31:52,480 Speaker 1: like you know, she you know, it's it's interesting when 582 00:31:52,520 --> 00:31:54,680 Speaker 1: I watched, I watched with my seven year old daughter. 583 00:31:55,440 --> 00:31:56,960 Speaker 1: I have thought it was you know, it's quite a 584 00:31:57,000 --> 00:31:59,360 Speaker 1: seminal moment. You sort of think about it sort of 585 00:31:59,360 --> 00:32:03,320 Speaker 1: back in history when like Roosevelt used radio right to 586 00:32:03,360 --> 00:32:07,160 Speaker 1: connect with voters. Um. You know here she was playing 587 00:32:07,160 --> 00:32:10,040 Speaker 1: a game is incredibly popular among us, which there's a 588 00:32:10,080 --> 00:32:13,920 Speaker 1: lot of fun and you know what, rampidly popular among 589 00:32:13,920 --> 00:32:17,520 Speaker 1: a sort of a younger demographic. Um, and she was 590 00:32:17,600 --> 00:32:20,560 Speaker 1: using it to sort of connect with fans. We've seen 591 00:32:21,480 --> 00:32:25,520 Speaker 1: a number of sports stars, you know play Madner Fifax 592 00:32:25,640 --> 00:32:28,480 Speaker 1: is incredibly popular among the NFL as a way to 593 00:32:28,480 --> 00:32:31,360 Speaker 1: connect with their fans. Um. So yeah, we we are 594 00:32:31,400 --> 00:32:33,640 Speaker 1: seeing these platforms and we're going to see an increased 595 00:32:33,680 --> 00:32:37,480 Speaker 1: trend there. Now. I got Nigel a quick final question 596 00:32:37,520 --> 00:32:40,240 Speaker 1: from me here, do you need or want a partnership 597 00:32:40,280 --> 00:32:46,240 Speaker 1: with the professional sports leagues? Um, we don't know, I 598 00:32:46,240 --> 00:32:49,960 Speaker 1: guess the short answers, no, Like we're always open to 599 00:32:50,040 --> 00:32:55,280 Speaker 1: working with them. Um. We One of the things that 600 00:32:55,760 --> 00:32:59,120 Speaker 1: so the leaks, one of the things about the league's 601 00:32:59,320 --> 00:33:02,800 Speaker 1: is This isn't a criticism, it's kind of an observation. 602 00:33:02,960 --> 00:33:07,760 Speaker 1: Is leagues typically focused on harvesting the brand that they have, 603 00:33:08,520 --> 00:33:11,479 Speaker 1: you know, i'd say it's focused on harvest as opposed 604 00:33:11,480 --> 00:33:15,240 Speaker 1: to tempercent on growth. Right. Um, I think the NBA 605 00:33:15,320 --> 00:33:17,160 Speaker 1: is the best league and that they may be are 606 00:33:17,160 --> 00:33:21,360 Speaker 1: maybe se harvest growth, and so they're willing to take baths, 607 00:33:21,360 --> 00:33:24,960 Speaker 1: are willing to like work with startups. Um. And so 608 00:33:25,040 --> 00:33:27,720 Speaker 1: when a start up, you know, when the league says 609 00:33:27,720 --> 00:33:30,520 Speaker 1: we want to work with you, it typically means that 610 00:33:30,560 --> 00:33:33,760 Speaker 1: you're handing over a large bundle of cash in order 611 00:33:33,800 --> 00:33:36,880 Speaker 1: to you know, in some way have the um, you know, 612 00:33:36,920 --> 00:33:39,040 Speaker 1: the brand or the value of the league kind of 613 00:33:39,160 --> 00:33:43,320 Speaker 1: you know, grace upon your on your property. Um. We're 614 00:33:43,360 --> 00:33:47,280 Speaker 1: not really about that. We're really about connecting fans, um, 615 00:33:47,400 --> 00:33:50,959 Speaker 1: and so having we don't really aspire to have sort 616 00:33:51,000 --> 00:33:55,320 Speaker 1: of an official status. Um, but we're teams at leagues 617 00:33:55,600 --> 00:33:58,440 Speaker 1: think that we can provide value, then absolutely would love 618 00:33:58,440 --> 00:33:59,800 Speaker 1: to work with them, but we're not. It's not so 619 00:34:00,080 --> 00:34:03,880 Speaker 1: we seek all right, We're gonna leave it there. Nigel echals, 620 00:34:03,920 --> 00:34:07,640 Speaker 1: thank you so much. Really interested to see what happens 621 00:34:07,840 --> 00:34:11,160 Speaker 1: from here because we know it's fast growing. We know 622 00:34:11,200 --> 00:34:13,960 Speaker 1: there are a lot of partnerships happening and this uh 623 00:34:13,960 --> 00:34:15,480 Speaker 1: and I keep using this world, but I think it's 624 00:34:15,480 --> 00:34:18,160 Speaker 1: the right way. This ecosystem is growing and changing, and 625 00:34:18,239 --> 00:34:21,600 Speaker 1: certainly this pandemic has accelerated a lot of what's going 626 00:34:21,640 --> 00:34:23,680 Speaker 1: on in the world of media and in the world 627 00:34:23,760 --> 00:34:26,680 Speaker 1: of sports betting. That is Nigel Echals. He is the 628 00:34:26,680 --> 00:34:31,839 Speaker 1: co founder and CEO of Flick. So, guys, interesting conversation. 629 00:34:32,160 --> 00:34:35,920 Speaker 1: Definitely a crowded space, and you know, they are making 630 00:34:35,920 --> 00:34:39,280 Speaker 1: their way that partnership. I think with MGM. The fact 631 00:34:39,320 --> 00:34:41,879 Speaker 1: that they apparently were able to get some economics from 632 00:34:42,040 --> 00:34:44,880 Speaker 1: MGM that they weren't able to get from his previous 633 00:34:44,920 --> 00:34:48,799 Speaker 1: company is sort of interesting. I do wonder how you 634 00:34:48,880 --> 00:34:53,959 Speaker 1: hang on to everything when life gets somewhat back to normal. Lynching, Yeah, 635 00:34:54,000 --> 00:34:57,640 Speaker 1: I agree. Um, when people start going to the stadium's uh, 636 00:34:58,160 --> 00:35:00,480 Speaker 1: he's got the perfect setup right now. Everybody at home. 637 00:35:00,680 --> 00:35:03,760 Speaker 1: People were just thumbing through their phones looking for anything 638 00:35:03,800 --> 00:35:05,800 Speaker 1: all day long. And you know the one thing that 639 00:35:05,880 --> 00:35:08,040 Speaker 1: stuck with me is that, you know, he wanted to 640 00:35:08,080 --> 00:35:11,880 Speaker 1: bring the social element to sports betting, and um, I 641 00:35:11,880 --> 00:35:14,120 Speaker 1: can just see it's perfect right now. If you want 642 00:35:14,120 --> 00:35:15,759 Speaker 1: to be happy. You want to be happy with your friends, 643 00:35:15,800 --> 00:35:17,640 Speaker 1: and when your team was doing bad, you want you 644 00:35:17,680 --> 00:35:20,319 Speaker 1: all want to be visible together, be like Michael Barr 645 00:35:20,400 --> 00:35:22,879 Speaker 1: and all his Detroit Lions fans, you know, sitting there 646 00:35:22,920 --> 00:35:25,719 Speaker 1: and being miserable as the Indianapolis Colts are stumping all 647 00:35:25,719 --> 00:35:28,320 Speaker 1: over him like Sunday afternoon. That's it. That's a tough 648 00:35:28,360 --> 00:35:33,719 Speaker 1: look from a pastor. I'm just saying, um, should we 649 00:35:33,800 --> 00:35:36,239 Speaker 1: should Should I just say Cam Newton or can we 650 00:35:36,280 --> 00:35:42,879 Speaker 1: just let that go? Unseid? Yeah, exactly. So those those 651 00:35:42,920 --> 00:35:47,280 Speaker 1: who live in glass Gillette stadiums maybe shouldn't throw shouldn't 652 00:35:47,280 --> 00:35:49,160 Speaker 1: throw us stones? All right, barn this is your wheelhouse? 653 00:35:49,200 --> 00:35:52,120 Speaker 1: What do you make of it? When he said AOC 654 00:35:53,000 --> 00:35:56,279 Speaker 1: and he was talking about during the sports segment, the 655 00:35:56,320 --> 00:35:57,960 Speaker 1: first thing was running through my head is like, okay, 656 00:35:57,960 --> 00:36:00,759 Speaker 1: what sports figure Ao c A It's And then it 657 00:36:00,840 --> 00:36:04,400 Speaker 1: dawned on. He's like, no, that's talking about Congresswoman AOC 658 00:36:04,520 --> 00:36:09,040 Speaker 1: Alexandria Cassillo Cortez. And I'm like, wow, now that's something 659 00:36:09,200 --> 00:36:13,680 Speaker 1: to to help engage fans on your platform. And I 660 00:36:13,719 --> 00:36:17,920 Speaker 1: was impressed by that. Yeah, I uh, I was. I 661 00:36:18,000 --> 00:36:21,160 Speaker 1: came away more impressed than I expected to be in 662 00:36:21,200 --> 00:36:24,080 Speaker 1: the sense that obviously this guy knows the sports betting landscape, 663 00:36:24,560 --> 00:36:28,760 Speaker 1: the the electoral map that we're obviously are all obsessed 664 00:36:28,800 --> 00:36:31,919 Speaker 1: with when it comes to the presidency. Right now as 665 00:36:31,960 --> 00:36:35,960 Speaker 1: we tape this on election hangover morning with where things 666 00:36:36,000 --> 00:36:38,919 Speaker 1: are still undecided. Um, but you know there were there 667 00:36:38,960 --> 00:36:43,440 Speaker 1: has been some relatively quiet progress when it comes to 668 00:36:43,560 --> 00:36:47,280 Speaker 1: sports betting. And you know, as I alluded to, uh, 669 00:36:47,440 --> 00:36:49,960 Speaker 1: the pandemic certainly has accelerated a lot of this. It 670 00:36:50,000 --> 00:36:52,520 Speaker 1: has been very good for business for the draft Kings 671 00:36:52,560 --> 00:36:55,320 Speaker 1: and the fan duels, uh and and clearly the flicks 672 00:36:55,360 --> 00:36:57,279 Speaker 1: of the world. So we'll see where this ends up. 673 00:36:58,239 --> 00:37:01,640 Speaker 1: You don't want to feels better to be number one 674 00:37:01,680 --> 00:37:03,560 Speaker 1: than number five. I'll wear a number because of Mike. 675 00:37:03,680 --> 00:37:05,160 Speaker 1: We have a chance to go for three in a row. 676 00:37:05,280 --> 00:37:07,200 Speaker 1: Good numbers are a good time. When I first started 677 00:37:07,200 --> 00:37:09,960 Speaker 1: wearing the number, I was just happy and found Bloomberg 678 00:37:10,160 --> 00:37:16,239 Speaker 1: Business of Sports, the number of the Week. You know 679 00:37:16,320 --> 00:37:20,759 Speaker 1: what that laugh? Time now for the number of the week, 680 00:37:20,800 --> 00:37:23,000 Speaker 1: and I'm going to one of my favorite topics. I 681 00:37:23,040 --> 00:37:27,600 Speaker 1: always love talking about these famous sports figures and selling 682 00:37:27,600 --> 00:37:30,200 Speaker 1: their home boy. Here we go. This is this is 683 00:37:30,400 --> 00:37:33,200 Speaker 1: like your thing, this is your jam and I love it. 684 00:37:33,520 --> 00:37:36,280 Speaker 1: And when I saw this this week, I'm like, oh, 685 00:37:36,760 --> 00:37:39,440 Speaker 1: I got the number of the week right here. Uh, 686 00:37:40,000 --> 00:37:45,239 Speaker 1: Yankees great former reliever Marianna Rivera. He is selling his 687 00:37:45,320 --> 00:37:49,359 Speaker 1: home in Rye, New York. I'm going to describe the home. 688 00:37:49,719 --> 00:37:51,440 Speaker 1: It was built in two thousand and six. It's a 689 00:37:51,440 --> 00:37:56,839 Speaker 1: colonial eight bedrooms, eight bathrooms, and one half bath over 690 00:37:57,000 --> 00:38:02,520 Speaker 1: thirteen thousand square feet to the listing. Uh. It has 691 00:38:02,560 --> 00:38:07,279 Speaker 1: a grand entry and dual staircases now in six fireplaces 692 00:38:07,320 --> 00:38:11,520 Speaker 1: throughout the home. How much as you know, this is 693 00:38:11,560 --> 00:38:14,600 Speaker 1: what he's asking for to sell this. Now, who wants 694 00:38:14,640 --> 00:38:17,359 Speaker 1: to start? First? Where where was the house? Now? It's 695 00:38:17,400 --> 00:38:20,960 Speaker 1: in Rye, New York. So this is the the east 696 00:38:20,960 --> 00:38:23,640 Speaker 1: side of Westchester County. It's the I live on the 697 00:38:23,680 --> 00:38:26,120 Speaker 1: west side. This we're talking about the fancy side. Now, Yeah, 698 00:38:26,160 --> 00:38:29,160 Speaker 1: this is the park. So Jason could hit a three 699 00:38:29,160 --> 00:38:37,959 Speaker 1: wood to ride right there. I'm already throwing a exactly. Yeah. 700 00:38:38,080 --> 00:38:40,440 Speaker 1: I feel like we're in the presidential race right now. 701 00:38:40,640 --> 00:38:47,200 Speaker 1: Um let's see, I'm gonna go since it is in 702 00:38:47,280 --> 00:38:53,160 Speaker 1: my backyard. Um, I'll go with three point seven five 703 00:38:53,280 --> 00:39:00,560 Speaker 1: mill I'm gonna talk to that. I'm gonna go four million. Wow, 704 00:39:01,760 --> 00:39:06,840 Speaker 1: three point nine nine five million dollars is what he's selling. 705 00:39:07,000 --> 00:39:12,680 Speaker 1: I think on prices, right, rules I win. Yes, he didn't. 706 00:39:12,960 --> 00:39:16,800 Speaker 1: Jason didn't go over. Man didn't go over, just over Lynching. 707 00:39:18,719 --> 00:39:22,120 Speaker 1: That is the prices, right, A little prices for you. 708 00:39:22,280 --> 00:39:23,920 Speaker 1: I have to say you win all the time. You 709 00:39:23,960 --> 00:39:26,520 Speaker 1: gotta give me one and I mean listen, but but 710 00:39:26,600 --> 00:39:29,440 Speaker 1: also you have the perfect excuse. You're like, yeah, it's 711 00:39:29,440 --> 00:39:31,400 Speaker 1: in the county that he lives in. Of course he 712 00:39:31,440 --> 00:39:34,680 Speaker 1: should know, so you can, you know you can. You're 713 00:39:34,719 --> 00:39:37,239 Speaker 1: still sitting pretty Lynching. No, no one's really, No one's 714 00:39:37,280 --> 00:39:39,880 Speaker 1: really threatening your title here. I I sort of bumble 715 00:39:39,960 --> 00:39:41,919 Speaker 1: into one every now and again. I think that much 716 00:39:41,920 --> 00:39:45,279 Speaker 1: has proven. You get to come on down on this. 717 00:39:45,320 --> 00:39:53,560 Speaker 1: Yeah that's true. When you said four million, I'm like, oh, yeah, 718 00:39:53,840 --> 00:39:55,960 Speaker 1: who holds the prices? Right? This is it? Drew Carey 719 00:39:56,080 --> 00:40:00,480 Speaker 1: is Drew Cary? Miss Bob Parker? Have you at Spadeen 720 00:40:00,520 --> 00:40:05,400 Speaker 1: newter See? You guys are usually the ones who are 721 00:40:05,440 --> 00:40:08,719 Speaker 1: like the throwback references what I would like if I 722 00:40:08,760 --> 00:40:11,400 Speaker 1: was homesick from school, Like prices, right, That's what I 723 00:40:11,440 --> 00:40:15,319 Speaker 1: was watching anyway, Showcase Show Alright, good one, Good one. 724 00:40:15,840 --> 00:40:20,719 Speaker 1: The Price of Real Estate via Michael bar all right, 725 00:40:20,760 --> 00:40:23,399 Speaker 1: you've been listening to Bloomberg Business of Sports. We're here 726 00:40:23,400 --> 00:40:25,000 Speaker 1: each and every week for you at the same time, 727 00:40:25,000 --> 00:40:29,240 Speaker 1: plus online wherever you get. Your podcast does drop every Monday, 728 00:40:29,320 --> 00:40:31,719 Speaker 1: Wednesday and Thursday. I'm Jason Kelly. You can find me 729 00:40:31,800 --> 00:40:34,520 Speaker 1: on Twitter at Jason Kelly News. And I'm Mike Lynch. 730 00:40:34,600 --> 00:40:37,880 Speaker 1: I'm never gonna overbid on property from Michael bar ever again. 731 00:40:38,239 --> 00:40:40,520 Speaker 1: And you can find me at Lynch e w CBB 732 00:40:40,840 --> 00:40:43,759 Speaker 1: and we're playing Plinko next week. I'm Michael bar on 733 00:40:43,800 --> 00:40:47,360 Speaker 1: Twitter at Big VARs Sports. You're listening to Bloomberg Business 734 00:40:47,360 --> 00:40:49,880 Speaker 1: of Sports Bloomberg Radio around the world.