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 you'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 at 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 00:00:27,640 --> 00:00:30,080 Speaker 1: now and the health and sastry 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 a across the country. In Bloomberg Business of 14 00:00:38,520 --> 00:00:42,560 Speaker 1: Sports from Bloomberg Radio, Hello, I'm Jason Kelly, and I'm 15 00:00:42,600 --> 00:00:45,080 Speaker 1: Mike Lynch and I'm Michael bar Over the next hour, 16 00:00:45,240 --> 00:00:47,680 Speaker 1: we will explore the big money issues in the world 17 00:00:47,720 --> 00:00:49,640 Speaker 1: of sports and talk to some of the biggest players 18 00:00:49,720 --> 00:00:52,520 Speaker 1: in the industry. And we're excited later on to catch 19 00:00:52,560 --> 00:00:56,680 Speaker 1: up with former NBA standout Baron Davis and entrepreneur and investor. 20 00:00:57,120 --> 00:00:59,600 Speaker 1: This is a guy who looks at the world through 21 00:00:59,600 --> 00:01:04,040 Speaker 1: a very different lens and watch this space because he 22 00:01:04,200 --> 00:01:07,000 Speaker 1: is redefining what it means to be an athlete and 23 00:01:07,040 --> 00:01:10,200 Speaker 1: a former athlete in many ways. But before we get 24 00:01:10,240 --> 00:01:13,560 Speaker 1: to that, guys, it is Thanksgiving week. Happy Thanksgiving to 25 00:01:13,600 --> 00:01:16,360 Speaker 1: all of you listening out there and my partners here 26 00:01:16,360 --> 00:01:18,160 Speaker 1: and and we thought we'd take a minute to just 27 00:01:18,200 --> 00:01:20,760 Speaker 1: talk a little bit about what we're thankful for in 28 00:01:20,880 --> 00:01:23,440 Speaker 1: the business of sports. I'm thankful for a lot of things, 29 00:01:23,480 --> 00:01:26,440 Speaker 1: but when it comes to what we talk about here 30 00:01:26,520 --> 00:01:29,000 Speaker 1: weekend and week out, guys, you know, I thought a 31 00:01:29,000 --> 00:01:33,000 Speaker 1: lot about this and as I think back on what 32 00:01:33,160 --> 00:01:36,760 Speaker 1: a year it has been in so many ways, so 33 00:01:36,920 --> 00:01:40,160 Speaker 1: much turmoil, so much an so much heartbreak in many ways, 34 00:01:40,200 --> 00:01:43,800 Speaker 1: but we've seen some positive things emerge. And one of 35 00:01:43,800 --> 00:01:46,160 Speaker 1: the things I'm thankful for is I thought about it 36 00:01:46,200 --> 00:01:49,320 Speaker 1: is the new way in which players feel empowered, and 37 00:01:49,360 --> 00:01:52,080 Speaker 1: I think that that is very much led by the NBA. 38 00:01:52,440 --> 00:01:54,640 Speaker 1: Being a leader is not about when you decide to 39 00:01:54,680 --> 00:01:57,040 Speaker 1: do this every single day. If you want to be 40 00:01:57,080 --> 00:01:58,960 Speaker 1: a leader, or you call yourself a leader, asked to 41 00:01:59,000 --> 00:02:01,240 Speaker 1: be every single day to you wake up and you 42 00:02:01,320 --> 00:02:03,720 Speaker 1: jump out of your bid and people are going to 43 00:02:03,840 --> 00:02:05,600 Speaker 1: follow you. Then if people want to understand you and 44 00:02:05,680 --> 00:02:08,160 Speaker 1: understand that you're not perfect, but they know you are 45 00:02:08,240 --> 00:02:11,240 Speaker 1: true to them. That, of course is Lebron James, guys 46 00:02:11,240 --> 00:02:14,960 Speaker 1: from a conversation earlier this year, and listen, I think 47 00:02:15,040 --> 00:02:17,680 Speaker 1: he set the standard in many ways. He's changed the 48 00:02:17,720 --> 00:02:21,960 Speaker 1: conversation when it came to player empowerment, leading into and 49 00:02:22,000 --> 00:02:24,240 Speaker 1: then continued on about that. You know, one of the 50 00:02:24,320 --> 00:02:27,320 Speaker 1: things I noticed this week that I'm sure you guys 51 00:02:27,360 --> 00:02:30,040 Speaker 1: did as well, that sort of underscored this for me 52 00:02:30,360 --> 00:02:34,040 Speaker 1: is you had a delegation of NBA players led by 53 00:02:34,080 --> 00:02:38,320 Speaker 1: the executive director of the NBA Players Association, Michelle Roberts, 54 00:02:38,360 --> 00:02:42,000 Speaker 1: to the Vatican meeting with Francis Uh. If that doesn't 55 00:02:42,040 --> 00:02:44,320 Speaker 1: tell you that sports is in a little bit of 56 00:02:44,360 --> 00:02:47,880 Speaker 1: a different mindset and a little bit of a different 57 00:02:47,919 --> 00:02:49,839 Speaker 1: place in the culture, Lynchi, I don't know, what does 58 00:02:50,000 --> 00:02:52,639 Speaker 1: you know? I saw that picture that photographed yesterday of 59 00:02:52,960 --> 00:02:55,480 Speaker 1: all those representatives with the Pope. I said, if I 60 00:02:55,560 --> 00:02:57,880 Speaker 1: was in that group, my knees would be buckling and 61 00:02:57,919 --> 00:03:00,280 Speaker 1: I might forget all the important things that I had 62 00:03:00,280 --> 00:03:02,600 Speaker 1: on my mind that I was supposed to say. Uh, 63 00:03:02,639 --> 00:03:06,280 Speaker 1: it really looks intimidating, but boy, it's come a long 64 00:03:06,320 --> 00:03:08,600 Speaker 1: and long away to have that delegation there and have 65 00:03:08,680 --> 00:03:11,200 Speaker 1: the Pope entertain them and what they had to say 66 00:03:11,200 --> 00:03:13,160 Speaker 1: and what they're what was on their minds. All right, 67 00:03:13,320 --> 00:03:17,040 Speaker 1: So over to you, Lynch, what are you thankful for? Well, um, 68 00:03:17,120 --> 00:03:19,400 Speaker 1: you know they wanted me to lighten things up a 69 00:03:19,440 --> 00:03:23,040 Speaker 1: little bit, but I'm gonna be a little bit sentimental here. Um. 70 00:03:23,080 --> 00:03:24,960 Speaker 1: Back in the spring, I got an email on a 71 00:03:25,000 --> 00:03:26,880 Speaker 1: phone call asking me if I would like to be 72 00:03:26,960 --> 00:03:30,840 Speaker 1: part of uh a program called the Bloomberg Business of Sports. 73 00:03:31,480 --> 00:03:34,760 Speaker 1: And uh, I didn't know a lot about the business 74 00:03:34,760 --> 00:03:38,160 Speaker 1: of sports. My background is pretty much slam dunks, touchdowns 75 00:03:38,200 --> 00:03:41,280 Speaker 1: and you know, hat tricks. So I did a little 76 00:03:41,280 --> 00:03:43,600 Speaker 1: resource and said, yeah, I'll jump in. And I'm so 77 00:03:43,680 --> 00:03:47,280 Speaker 1: thankful that I had the opportunity to meet the Michael 78 00:03:47,320 --> 00:03:50,400 Speaker 1: Barr and Jason Kelly and all the great people behind 79 00:03:50,400 --> 00:03:53,960 Speaker 1: the scenes, Charlie, Ari Redge and Tim and I'm so 80 00:03:54,000 --> 00:03:57,760 Speaker 1: thankful everyone made me feel so welcome and so um 81 00:03:58,000 --> 00:04:00,720 Speaker 1: part of a team. Every week I know that do 82 00:04:00,840 --> 00:04:03,480 Speaker 1: gud sort of get thrust upon everybody. They're probably saying, 83 00:04:03,480 --> 00:04:05,120 Speaker 1: who is this guy? Lynch? Why do we have to 84 00:04:05,120 --> 00:04:08,520 Speaker 1: work with him? And so I'm thankful so far, no 85 00:04:08,520 --> 00:04:11,680 Speaker 1: one's throwing an eggs at me, no one, no one 86 00:04:11,760 --> 00:04:15,280 Speaker 1: st the nute button. And we've had some good laughs 87 00:04:15,320 --> 00:04:18,080 Speaker 1: and uh, you know, kind of teasing each other about 88 00:04:18,080 --> 00:04:21,320 Speaker 1: our you know, allegiance to Atlanta teams and Detroit teams 89 00:04:21,320 --> 00:04:24,000 Speaker 1: and Boston teams. But I'm thankful for all you guys 90 00:04:24,000 --> 00:04:26,520 Speaker 1: for making me feel so welcome and so included. And um, 91 00:04:26,960 --> 00:04:28,640 Speaker 1: I couldn't be happier to be part of what I 92 00:04:28,680 --> 00:04:31,120 Speaker 1: consider one of the best teams I've ever been a 93 00:04:31,160 --> 00:04:34,039 Speaker 1: part of. Well, that's very nice. We're thankful for you 94 00:04:34,080 --> 00:04:37,240 Speaker 1: as well, and all right, bar, it's all to you. Yeah, 95 00:04:37,279 --> 00:04:39,560 Speaker 1: and and I'm going to expand, but first I want 96 00:04:39,560 --> 00:04:43,040 Speaker 1: to say I am thankful for working with you guys. 97 00:04:43,440 --> 00:04:48,039 Speaker 1: Uh Lynchy, Uh, Jason. Uh. When you hear us on 98 00:04:48,120 --> 00:04:51,240 Speaker 1: the area, it's that's genuine what what you're hearing, and 99 00:04:51,600 --> 00:04:55,080 Speaker 1: you're hearing uh uh and easy back and forth, and 100 00:04:55,680 --> 00:04:58,039 Speaker 1: that's something to be grateful about. And in the entire 101 00:04:58,120 --> 00:05:02,039 Speaker 1: crew that we have behind the glass, I am extremely grateful, 102 00:05:02,080 --> 00:05:07,200 Speaker 1: which brings me to this point. Uh, I'm extremely grateful 103 00:05:07,240 --> 00:05:11,160 Speaker 1: to have a job and uh, I say that because 104 00:05:11,560 --> 00:05:17,960 Speaker 1: I think of the minor league baseball players who lost everything, uh, 105 00:05:18,000 --> 00:05:22,719 Speaker 1: and many people who lost their livelihoods because of COVID, 106 00:05:22,800 --> 00:05:27,479 Speaker 1: because of the lockdown, because of the restrictions. Now you 107 00:05:27,520 --> 00:05:31,040 Speaker 1: have people that are in long lines just to get food. 108 00:05:32,040 --> 00:05:34,560 Speaker 1: And UH, at the beginning of the year, they were 109 00:05:34,600 --> 00:05:37,479 Speaker 1: they were on their feet, they were making rent payments 110 00:05:37,560 --> 00:05:43,360 Speaker 1: and house payments, and it just went down the drain 111 00:05:43,720 --> 00:05:47,280 Speaker 1: when all this happened. And some people can't even afford 112 00:05:47,360 --> 00:05:53,120 Speaker 1: Thanksgiving dinner. So I want to shout out, I'm thankful 113 00:05:53,480 --> 00:05:56,080 Speaker 1: to be able to work, to be able to put 114 00:05:56,080 --> 00:05:59,280 Speaker 1: a roof over my head, and I'm saying many prayers 115 00:06:00,200 --> 00:06:03,440 Speaker 1: to those people out there who are going through a 116 00:06:03,440 --> 00:06:06,520 Speaker 1: tough time right now. Well, well said Michael Barr. I mean, 117 00:06:06,560 --> 00:06:09,080 Speaker 1: I think the other thing that we all have learned 118 00:06:09,080 --> 00:06:11,440 Speaker 1: throughout the course of this year, and and keeping on 119 00:06:11,440 --> 00:06:15,760 Speaker 1: a serious note, is that while sports has always been, 120 00:06:16,080 --> 00:06:18,440 Speaker 1: you know, a bit of an escape for people, we 121 00:06:18,520 --> 00:06:21,240 Speaker 1: have a lot of fun watching games and rooting for 122 00:06:21,279 --> 00:06:26,560 Speaker 1: our teams, even if they're the Detroit Lions. Um, you know, 123 00:06:27,120 --> 00:06:29,360 Speaker 1: I do think it took on a more serious tenor 124 00:06:29,440 --> 00:06:32,039 Speaker 1: this year. You know that we had to reassess so 125 00:06:32,080 --> 00:06:37,039 Speaker 1: many different things about our relationship to sports, our relationship 126 00:06:37,160 --> 00:06:40,600 Speaker 1: to athletes, and I think it's a really important conversation. 127 00:06:40,680 --> 00:06:43,960 Speaker 1: I think we started to ask questions that we either 128 00:06:44,080 --> 00:06:47,640 Speaker 1: didn't want to answer or couldn't answer for a long time, 129 00:06:47,839 --> 00:06:50,880 Speaker 1: and I hope that that sticks with us for a 130 00:06:50,920 --> 00:06:53,760 Speaker 1: long time. I think these dual pandemics that we've talked 131 00:06:53,800 --> 00:06:56,719 Speaker 1: about so much, both the global health crisis and also 132 00:06:57,160 --> 00:06:59,880 Speaker 1: a long overdue reckoning with racial injustice and in a 133 00:07:00,080 --> 00:07:03,200 Speaker 1: quality in this country has changed the way we think 134 00:07:03,200 --> 00:07:06,520 Speaker 1: about things. And I know and I am hopeful and 135 00:07:06,560 --> 00:07:09,400 Speaker 1: optimistic that we will get back to something resembling normal life, 136 00:07:09,440 --> 00:07:12,960 Speaker 1: which includes going to ball games and tailgating. But I 137 00:07:13,000 --> 00:07:16,520 Speaker 1: do think our relationship with sports is forever changed. And 138 00:07:16,560 --> 00:07:20,240 Speaker 1: I think athletes relationships with their own games and when 139 00:07:20,280 --> 00:07:23,440 Speaker 1: there and with their careers is forever changed. And you know, 140 00:07:23,560 --> 00:07:26,679 Speaker 1: we try and document that weekend and week out, and 141 00:07:26,720 --> 00:07:28,880 Speaker 1: we do have a good time giving each other a 142 00:07:28,880 --> 00:07:31,200 Speaker 1: hard time about our various allegiances, and we have a 143 00:07:31,200 --> 00:07:34,160 Speaker 1: good time with a lot of our guests because ultimately 144 00:07:34,680 --> 00:07:37,440 Speaker 1: they do bring us a lot of joy as athletes. 145 00:07:37,480 --> 00:07:39,280 Speaker 1: But it is important to remember, and I think we 146 00:07:39,320 --> 00:07:42,400 Speaker 1: will always remember for a lot of different reasons. But 147 00:07:42,520 --> 00:07:45,360 Speaker 1: in our little patch here, I think we have come 148 00:07:45,400 --> 00:07:47,840 Speaker 1: to see sports in a very different way. And uh, 149 00:07:47,880 --> 00:07:50,960 Speaker 1: and we appreciate the listenership and all the feedback that 150 00:07:50,960 --> 00:07:52,760 Speaker 1: we get around that. I hear a lot from our 151 00:07:52,800 --> 00:07:55,560 Speaker 1: listeners about these conversations that we're having, and it is 152 00:07:55,720 --> 00:07:58,560 Speaker 1: very rewarding, I think, to bring these conversations to all 153 00:07:58,600 --> 00:08:01,760 Speaker 1: of you guys every week. Today, we're very excited to 154 00:08:01,800 --> 00:08:06,040 Speaker 1: be speaking with two time NBA All Star entrepreneur investor 155 00:08:06,360 --> 00:08:08,400 Speaker 1: Baron Davis. Baron, really nice to have you with us. 156 00:08:08,600 --> 00:08:11,680 Speaker 1: Thanks for having me. I appreciate it. All. Right, So 157 00:08:11,800 --> 00:08:14,040 Speaker 1: we're talking to you. You're in Los Angeles. We're here 158 00:08:14,040 --> 00:08:18,840 Speaker 1: on the East coast. Uh. It's a very uh difficult 159 00:08:18,880 --> 00:08:21,360 Speaker 1: time in the world. Uh. We're trying to get a 160 00:08:21,400 --> 00:08:24,520 Speaker 1: handle and everything going on, and yet business goes on. 161 00:08:25,280 --> 00:08:29,440 Speaker 1: You are an incredibly active businessman and investor. Right now. 162 00:08:29,520 --> 00:08:33,679 Speaker 1: Tell us a little bit about your world, you know. 163 00:08:33,880 --> 00:08:37,400 Speaker 1: For me, I just trying to transition, as you know, 164 00:08:37,600 --> 00:08:41,360 Speaker 1: one my life plan in the n b A and 165 00:08:41,360 --> 00:08:43,160 Speaker 1: and learning what I learned from the n b A. 166 00:08:44,480 --> 00:08:47,520 Speaker 1: I always say I got um my m b A 167 00:08:47,679 --> 00:08:51,120 Speaker 1: from the NBA by learning the business inside the game 168 00:08:51,240 --> 00:08:55,120 Speaker 1: of basketball and all the great opportunities that it cross 169 00:08:55,320 --> 00:08:58,599 Speaker 1: and so you know, just really big curious being a 170 00:08:58,679 --> 00:09:03,840 Speaker 1: sponge and you know, taking taking advantage of opportunities that 171 00:09:03,960 --> 00:09:07,040 Speaker 1: come our way. Um, for me was just you know 172 00:09:07,040 --> 00:09:09,760 Speaker 1: why I wanted to get an investing and you know, 173 00:09:10,120 --> 00:09:14,839 Speaker 1: uh and building companies and working with entrepreneurs. You're in 174 00:09:14,880 --> 00:09:18,360 Speaker 1: a number of companies that you founded, including sports and 175 00:09:18,559 --> 00:09:22,920 Speaker 1: lifestyle and culture. Can you tell us what that's all about. Yeah, 176 00:09:23,040 --> 00:09:26,720 Speaker 1: super excited about Slick. We're due to launch next year. 177 00:09:26,800 --> 00:09:30,040 Speaker 1: And you know I thought around Slick was, you know, 178 00:09:30,160 --> 00:09:34,920 Speaker 1: our culture of sports, right, the insiders Uh, in sports, 179 00:09:34,960 --> 00:09:38,520 Speaker 1: they are connected to lifestyle fashion. Fans want to get 180 00:09:39,120 --> 00:09:41,880 Speaker 1: you know, more intimate and get to know the players 181 00:09:42,000 --> 00:09:45,640 Speaker 1: and the people that they follow. And so Slick was built, 182 00:09:45,800 --> 00:09:50,280 Speaker 1: as you know, a digital studio and platform that allow 183 00:09:50,480 --> 00:09:54,320 Speaker 1: creators to come in and create the ideas that talk 184 00:09:54,400 --> 00:09:59,320 Speaker 1: about that that creates the ideas that come from themselves, right, 185 00:09:59,400 --> 00:10:01,319 Speaker 1: and the story words that they were a part of, 186 00:10:01,840 --> 00:10:06,079 Speaker 1: and the stories that they can tell right uh with 187 00:10:06,080 --> 00:10:10,960 Speaker 1: with truth, right with truth. Uh. That is not necessarily 188 00:10:11,040 --> 00:10:14,920 Speaker 1: coming from you know, reporters are people who was actually 189 00:10:15,040 --> 00:10:18,319 Speaker 1: reporting on the situation that was there. Baron, this is 190 00:10:18,360 --> 00:10:21,320 Speaker 1: Mike up in Boston. What's your involvement with Vitamin Water 191 00:10:21,440 --> 00:10:23,839 Speaker 1: your first four into business while you while you was 192 00:10:23,880 --> 00:10:27,880 Speaker 1: still an active player. Yeah, that was you know, that 193 00:10:28,000 --> 00:10:30,079 Speaker 1: was a great learning experience. I think I was like 194 00:10:30,600 --> 00:10:34,440 Speaker 1: one um and I got an opportunity to invest in 195 00:10:34,520 --> 00:10:37,480 Speaker 1: Vitamin Water, and I think that just kind of like 196 00:10:37,720 --> 00:10:42,240 Speaker 1: really set the tone in my path, you know, as 197 00:10:42,440 --> 00:10:45,720 Speaker 1: as a creative as an investor, because you know, I 198 00:10:45,800 --> 00:10:48,120 Speaker 1: invested in Vitamin Water because they were going to let 199 00:10:48,120 --> 00:10:53,520 Speaker 1: me help and do some marketing stuff. Uh So that's 200 00:10:53,559 --> 00:10:55,520 Speaker 1: how I kind of you know, learned the roads from 201 00:10:55,559 --> 00:10:59,880 Speaker 1: them and they're incredible people. Well, tell us more about 202 00:11:00,040 --> 00:11:04,200 Speaker 1: how that comes to you at that moment, because obviously 203 00:11:04,240 --> 00:11:08,040 Speaker 1: it turns into a massive hit, and I guess a 204 00:11:08,040 --> 00:11:09,800 Speaker 1: lot of people would have been contented to be like, yeah, 205 00:11:10,040 --> 00:11:13,600 Speaker 1: you know, I'll endorse the productor or whatever, but it 206 00:11:13,720 --> 00:11:18,440 Speaker 1: became something something deeper and richer literally and figuratively for you. 207 00:11:18,559 --> 00:11:21,800 Speaker 1: Tell us more about that story. Yeah, I would say, 208 00:11:21,880 --> 00:11:24,880 Speaker 1: you know, for me, it was really looking at you know, 209 00:11:25,120 --> 00:11:29,720 Speaker 1: sprite and power rad and Gatorade. Those were the big 210 00:11:30,160 --> 00:11:33,880 Speaker 1: people in the market at the tag And so for me, 211 00:11:34,200 --> 00:11:38,040 Speaker 1: you know, being I was my own agent too. Um, 212 00:11:38,120 --> 00:11:40,160 Speaker 1: so I had to go out and kind of hunting 213 00:11:40,679 --> 00:11:44,560 Speaker 1: for deals. Uh. And a good buddy of mine was 214 00:11:44,840 --> 00:11:48,600 Speaker 1: leaving Sprite to go to a startup called Vitamin Water, 215 00:11:49,480 --> 00:11:51,640 Speaker 1: and you know, for me, it was like, hey, I 216 00:11:51,640 --> 00:11:54,600 Speaker 1: could take the Sprite deal, a three year deal is 217 00:11:54,679 --> 00:11:59,520 Speaker 1: Sprite and still be worth you know, whatever the value 218 00:11:59,600 --> 00:12:03,720 Speaker 1: of that deal. Or I could take a chance right 219 00:12:04,520 --> 00:12:08,160 Speaker 1: and be with a new company learning grow and maybe 220 00:12:08,200 --> 00:12:12,120 Speaker 1: I can get a marketing deal. Maybe maybe I can 221 00:12:12,120 --> 00:12:14,840 Speaker 1: get a commercial from them, because Bright won't give it 222 00:12:14,880 --> 00:12:19,040 Speaker 1: to me. And so I started I started to see 223 00:12:19,960 --> 00:12:23,520 Speaker 1: how fast this company was growing and how you know 224 00:12:23,640 --> 00:12:26,520 Speaker 1: they included me and you know just in a lot 225 00:12:26,600 --> 00:12:28,520 Speaker 1: of the things that they were doing to grow it. 226 00:12:29,120 --> 00:12:31,800 Speaker 1: And so you know, I just really got excited about 227 00:12:32,240 --> 00:12:35,520 Speaker 1: you know, being a liaison like you know, behind the scenes, 228 00:12:35,559 --> 00:12:38,040 Speaker 1: trying to get guys to drink it, you know, tell 229 00:12:38,280 --> 00:12:42,040 Speaker 1: Vitamin Water who they should sponsoring, which athletes like you 230 00:12:42,080 --> 00:12:46,240 Speaker 1: know love the brand. So it was there was an 231 00:12:46,240 --> 00:12:50,960 Speaker 1: incredible learning experience. There's another company that you found it 232 00:12:51,240 --> 00:12:56,199 Speaker 1: and it's called Big. It's Business inside the Game, and uh, 233 00:12:56,400 --> 00:13:01,080 Speaker 1: that was the platform basically, uh, that I wanted to build. 234 00:13:01,240 --> 00:13:06,000 Speaker 1: And you know, it's a it's a management incubator, accelerator 235 00:13:06,400 --> 00:13:10,880 Speaker 1: where we actually manage entrepreneurs, strategize with them, and help 236 00:13:10,920 --> 00:13:14,679 Speaker 1: bring their products to market and to the right people. 237 00:13:15,880 --> 00:13:18,440 Speaker 1: So we have this what we call skip the line 238 00:13:18,440 --> 00:13:23,480 Speaker 1: approach that allows us to invest in entrepreneurs and startups 239 00:13:23,520 --> 00:13:26,320 Speaker 1: and then partner and connect them with the right you know, 240 00:13:26,440 --> 00:13:31,680 Speaker 1: ecosystem of people. Um. And I started Big because I 241 00:13:31,800 --> 00:13:38,079 Speaker 1: wanted you know, players that are looking to have basketball dames, 242 00:13:38,080 --> 00:13:41,600 Speaker 1: are athletes, femail and mail that are looking for you know, 243 00:13:41,760 --> 00:13:47,600 Speaker 1: these these careers and some athletics stopped at college. Right. 244 00:13:48,120 --> 00:13:51,680 Speaker 1: But your business smile, your business acumen is always going 245 00:13:51,720 --> 00:13:55,040 Speaker 1: to be team oriented because that's you know, like your 246 00:13:55,160 --> 00:13:58,800 Speaker 1: key baseline, uh, key core components of who you are, 247 00:13:59,520 --> 00:14:03,040 Speaker 1: right as far as a person. And so with business 248 00:14:03,040 --> 00:14:06,240 Speaker 1: aside the game, it was really to say, like, hey, 249 00:14:06,400 --> 00:14:10,240 Speaker 1: I know everybody in the NBA and what they do 250 00:14:10,760 --> 00:14:13,880 Speaker 1: and what their job description is. Business inside the Game 251 00:14:14,040 --> 00:14:18,560 Speaker 1: is exactly that, allowing ourselves to highlight people from all 252 00:14:18,640 --> 00:14:21,680 Speaker 1: walks of life and all sorts of business so you 253 00:14:21,720 --> 00:14:25,040 Speaker 1: don't just grow up wanting to be a basketball player, right, 254 00:14:25,160 --> 00:14:27,840 Speaker 1: or you don't think that when you retire that there's 255 00:14:27,880 --> 00:14:32,000 Speaker 1: no job that pertains to you, um, you know, in 256 00:14:32,080 --> 00:14:35,040 Speaker 1: any industry. And so business aside, the game is taking 257 00:14:35,040 --> 00:14:39,040 Speaker 1: your core values, learning who you are, and translating that 258 00:14:39,480 --> 00:14:43,240 Speaker 1: into any industry that you walk through. UM. And so 259 00:14:43,400 --> 00:14:47,720 Speaker 1: that platform was built for event inspired side chats UM 260 00:14:47,760 --> 00:14:52,040 Speaker 1: and really just to have young companies, UH start up 261 00:14:52,160 --> 00:14:56,240 Speaker 1: entrepreneurs coming through and being a part of our you know, 262 00:14:56,400 --> 00:15:01,360 Speaker 1: are accelerated UH factory that allows to and to really 263 00:15:01,400 --> 00:15:03,760 Speaker 1: get out and be hands on and beat the people 264 00:15:03,840 --> 00:15:06,720 Speaker 1: that they need to me without always working with their 265 00:15:06,800 --> 00:15:11,200 Speaker 1: head death. So Baron, it's interesting to sort of get 266 00:15:11,240 --> 00:15:14,120 Speaker 1: inside your head a little bit because if you look 267 00:15:14,160 --> 00:15:17,480 Speaker 1: at your bio, look at your linked In profile and 268 00:15:17,640 --> 00:15:20,440 Speaker 1: you just google you, I mean, you've got your hands 269 00:15:20,480 --> 00:15:23,640 Speaker 1: in so many different things. I gotta think You've got 270 00:15:23,640 --> 00:15:26,200 Speaker 1: a lot of people coming at you at this point 271 00:15:26,320 --> 00:15:29,560 Speaker 1: with big ideas based on some of the success you've had. 272 00:15:30,520 --> 00:15:33,880 Speaker 1: You are very much keeping your own counsel. So how 273 00:15:33,880 --> 00:15:38,200 Speaker 1: do you decide how do you sort of sift through 274 00:15:38,400 --> 00:15:40,600 Speaker 1: all the things that are coming at you? For me. 275 00:15:40,720 --> 00:15:44,560 Speaker 1: It was, you know, to create that San Antonio Spurs 276 00:15:44,640 --> 00:15:49,600 Speaker 1: system right of consistency, knowing that you know, any time 277 00:15:50,360 --> 00:15:55,800 Speaker 1: a great opportunity comes a good opportunity right, or an 278 00:15:55,800 --> 00:15:58,840 Speaker 1: opportunity that we look at it all the saying, you know, 279 00:15:58,880 --> 00:16:02,560 Speaker 1: when we do get excited about the deal right, we 280 00:16:02,760 --> 00:16:05,680 Speaker 1: still take it, you know, two steps just to make 281 00:16:05,720 --> 00:16:10,840 Speaker 1: sure right. And you know, you can't really make decisions 282 00:16:10,840 --> 00:16:14,800 Speaker 1: in this business without the help of the experts around. 283 00:16:15,520 --> 00:16:17,880 Speaker 1: And what we say is in order to be a 284 00:16:17,920 --> 00:16:21,360 Speaker 1: great leader, you have to be a great follower. And 285 00:16:21,440 --> 00:16:24,360 Speaker 1: so when we're investing in things like that, we're really 286 00:16:24,480 --> 00:16:28,280 Speaker 1: following along with some of the best investors you know, 287 00:16:28,920 --> 00:16:32,080 Speaker 1: in the country, in the world. And I think that's 288 00:16:32,160 --> 00:16:36,760 Speaker 1: where we're able to um win because we know as 289 00:16:36,800 --> 00:16:39,400 Speaker 1: far as we can go right, and we don't bite 290 00:16:39,400 --> 00:16:42,920 Speaker 1: off more than we can chew um. But learning and 291 00:16:42,960 --> 00:16:46,440 Speaker 1: growing is just something that we kind of do by committee. 292 00:16:46,960 --> 00:16:50,400 Speaker 1: I want to talk about the past NBA draft, and 293 00:16:50,480 --> 00:16:54,200 Speaker 1: of course you were you were there years ago. You 294 00:16:54,280 --> 00:16:57,360 Speaker 1: were third pick in the NBA draft. This past draft, 295 00:16:57,440 --> 00:17:01,840 Speaker 1: Anthony Edwards number one overall going to the Minnesota timber Wolves, 296 00:17:02,880 --> 00:17:06,960 Speaker 1: number three, LaMelo Ball, He's going to the Charlotte Hornets 297 00:17:07,040 --> 00:17:13,760 Speaker 1: and LaMelo and Alonzo both uh, Puma is trying to 298 00:17:13,800 --> 00:17:18,000 Speaker 1: get LaMelo um an old name that's been in sports 299 00:17:18,040 --> 00:17:20,520 Speaker 1: for a while. And so now you have the Puma 300 00:17:21,119 --> 00:17:26,600 Speaker 1: Nike matchup. How has life changed that now that people 301 00:17:26,640 --> 00:17:30,480 Speaker 1: have gone in the number one round with endorsements coming 302 00:17:30,520 --> 00:17:33,800 Speaker 1: at them, how is that going to change their lives? Well, 303 00:17:33,800 --> 00:17:36,320 Speaker 1: I think you're gonna start seeing guys being able to 304 00:17:36,440 --> 00:17:41,520 Speaker 1: monetize themselves high school and college now, so you'll probably 305 00:17:41,600 --> 00:17:46,560 Speaker 1: see Michael LaMelo a guy who already has friends before 306 00:17:46,560 --> 00:17:50,480 Speaker 1: they hit the corporate market, because they will be you know, 307 00:17:50,640 --> 00:17:54,440 Speaker 1: gaining momentum with the overtimes of the world, with the 308 00:17:54,520 --> 00:17:57,600 Speaker 1: slick platforms of the world. You know, we just get 309 00:17:57,640 --> 00:18:01,000 Speaker 1: more and more familiar with these kids early in earlier 310 00:18:01,040 --> 00:18:04,400 Speaker 1: in their career. And so similar to Zion, I think 311 00:18:04,840 --> 00:18:08,480 Speaker 1: LaMelo has had, you know, that same type of notoriety, 312 00:18:08,680 --> 00:18:11,280 Speaker 1: lived up to the height, and you know he's the 313 00:18:11,280 --> 00:18:18,720 Speaker 1: third pick a point guard out of Los Angeles. So 314 00:18:18,720 --> 00:18:32,359 Speaker 1: so we're let's go. So, so I'm gonna take this 315 00:18:32,480 --> 00:18:35,520 Speaker 1: a step fort Whatever LaMelo is drinking these days, we 316 00:18:35,520 --> 00:18:39,200 Speaker 1: should all invest in, right, Yeah, clear, Like most twenty 317 00:18:39,240 --> 00:18:41,679 Speaker 1: one year old. Foresight for them is what am I 318 00:18:41,720 --> 00:18:44,440 Speaker 1: doing on Saturday night? How did you have the foresight 319 00:18:44,960 --> 00:18:51,040 Speaker 1: to just develop this business acumen at such a young age. Curiosity, 320 00:18:51,560 --> 00:18:56,359 Speaker 1: curiosity meaning with people, you know, being humble. It's the 321 00:18:56,400 --> 00:19:00,880 Speaker 1: same approaching basketball within the hours. At the hours are 322 00:19:00,880 --> 00:19:03,960 Speaker 1: really a lot of meeting, a lot of research documents, 323 00:19:04,000 --> 00:19:07,200 Speaker 1: reading and just talking to people right, ask some questions. 324 00:19:07,359 --> 00:19:10,880 Speaker 1: I created a business besides the game because I was curious, 325 00:19:11,200 --> 00:19:15,119 Speaker 1: and I think that curiosity led me to looking at 326 00:19:15,240 --> 00:19:18,439 Speaker 1: different opportunity. Baron, I want to go back before we 327 00:19:18,560 --> 00:19:21,000 Speaker 1: end this segment to Vitamin Water for just a second, 328 00:19:21,040 --> 00:19:24,680 Speaker 1: because you tantilized this a little bit with talking about 329 00:19:24,680 --> 00:19:26,359 Speaker 1: what what you learned. I mean clearly there was a 330 00:19:26,359 --> 00:19:29,000 Speaker 1: lot of hustle involved. I mean you've sort of had 331 00:19:29,080 --> 00:19:31,520 Speaker 1: some skin in the game. Tell us what you really 332 00:19:31,760 --> 00:19:34,360 Speaker 1: took away from that and how it's influenced to other 333 00:19:34,440 --> 00:19:36,640 Speaker 1: decisions that you've made. I would say, for me, it's 334 00:19:36,720 --> 00:19:41,240 Speaker 1: really uh instinct, right, Um, So you know you're looking 335 00:19:41,320 --> 00:19:43,639 Speaker 1: at you know they were so great. You're looking at 336 00:19:43,680 --> 00:19:46,840 Speaker 1: the right founders, a right entrepreneurs. So you know, you know, 337 00:19:46,960 --> 00:19:50,879 Speaker 1: you know what M hard working dedicated founders look like. 338 00:19:51,320 --> 00:19:54,440 Speaker 1: And then also I think that you know where I 339 00:19:54,480 --> 00:19:57,920 Speaker 1: am now, it's just like you know, I've involved into 340 00:19:58,440 --> 00:20:01,239 Speaker 1: you know, I would say, more like a coach, and 341 00:20:01,280 --> 00:20:04,320 Speaker 1: so I can actually help the entrepreneurs other people in 342 00:20:04,359 --> 00:20:08,280 Speaker 1: our factory really find the path to their north star, 343 00:20:09,400 --> 00:20:13,359 Speaker 1: right And I think that that happened only because of 344 00:20:13,440 --> 00:20:18,600 Speaker 1: the experience of Pride of the Water and the curiosity there. 345 00:20:18,920 --> 00:20:22,680 Speaker 1: So Barren, you know, we're talking to you just after 346 00:20:22,960 --> 00:20:26,200 Speaker 1: as Michael Barr mentioned the draft, and it does feel 347 00:20:26,240 --> 00:20:30,640 Speaker 1: like whether we're talking about any of the top players, 348 00:20:30,680 --> 00:20:33,600 Speaker 1: they are coming in better prepared to think about themselves 349 00:20:33,600 --> 00:20:36,080 Speaker 1: as a business from the get go. Is that just 350 00:20:36,119 --> 00:20:38,639 Speaker 1: a natural evolution? You were obviously a bit on the 351 00:20:38,720 --> 00:20:41,520 Speaker 1: vanguard of that. It feels like, yeah, it is, I 352 00:20:41,560 --> 00:20:45,239 Speaker 1: would say, you know, now with social media, kids are 353 00:20:45,240 --> 00:20:49,600 Speaker 1: more brand aware, they're more media aware. Social media have 354 00:20:49,800 --> 00:20:53,199 Speaker 1: allowed challenge to be the brands they want to be, 355 00:20:53,520 --> 00:20:58,119 Speaker 1: and so you're getting your favorite player or celebrity and 356 00:20:58,920 --> 00:21:02,280 Speaker 1: their most natural farm behind the scenes. And I think 357 00:21:02,320 --> 00:21:05,639 Speaker 1: that's the power of social media and brand building for 358 00:21:05,680 --> 00:21:08,160 Speaker 1: a lot of these kids coming up as they can 359 00:21:08,200 --> 00:21:12,520 Speaker 1: do it themselves and started themselves as early as middle school? Baron, 360 00:21:12,560 --> 00:21:15,399 Speaker 1: how often do you hear from former teammates or or 361 00:21:15,640 --> 00:21:19,240 Speaker 1: contemporaries of yours and they say, how did you do that? 362 00:21:19,280 --> 00:21:21,399 Speaker 1: How are you so successful? Can you get the advice 363 00:21:21,440 --> 00:21:23,159 Speaker 1: from me? I mean, do you hear from Does that 364 00:21:23,240 --> 00:21:28,440 Speaker 1: happen quite often? Taught shared deals? They know I'm really busy, 365 00:21:29,560 --> 00:21:32,640 Speaker 1: so you know it's more so you know, I've kind 366 00:21:32,640 --> 00:21:36,800 Speaker 1: of taken on the role in the mentality that I'm 367 00:21:36,840 --> 00:21:40,879 Speaker 1: doing it for everyone else. Opportunities that I get. You know, 368 00:21:41,080 --> 00:21:46,320 Speaker 1: they will also have those same opportunities, right because you 369 00:21:46,359 --> 00:21:48,639 Speaker 1: know I went ahead and you know, kind of found 370 00:21:48,680 --> 00:21:52,600 Speaker 1: the companies you know, dis to do deligip so they 371 00:21:52,600 --> 00:21:57,080 Speaker 1: can always rely on me, trust me, trust my instinct. 372 00:21:57,400 --> 00:22:00,520 Speaker 1: And you know, my goal was to be able to 373 00:22:00,720 --> 00:22:04,639 Speaker 1: build a portfolio and build a brand that could be 374 00:22:04,680 --> 00:22:07,520 Speaker 1: a trust me brand for these young guys coming up 375 00:22:07,520 --> 00:22:11,320 Speaker 1: in the league. Um, and I think, you know, we're 376 00:22:11,440 --> 00:22:14,800 Speaker 1: on trajectory. We're accomplishing the adult and a ton of 377 00:22:14,840 --> 00:22:18,040 Speaker 1: the young guys that are highly interested in you know 378 00:22:18,119 --> 00:22:22,399 Speaker 1: what investing, but more so just building their brand is 379 00:22:22,520 --> 00:22:25,800 Speaker 1: figuring out who they want to be, you know, in 380 00:22:25,880 --> 00:22:28,600 Speaker 1: their in their journey in their career parent, I did. 381 00:22:28,760 --> 00:22:30,320 Speaker 1: I didn't want to ask you. I mean, it strikes 382 00:22:30,359 --> 00:22:33,600 Speaker 1: me looking across your portfolio and thinking about some of 383 00:22:33,600 --> 00:22:36,639 Speaker 1: the things that Lebron is doing, some of the things 384 00:22:36,680 --> 00:22:40,040 Speaker 1: that Katie is doing. You know, you guys are all 385 00:22:40,320 --> 00:22:43,680 Speaker 1: building empires in many ways, you're starting while you're playing. 386 00:22:44,440 --> 00:22:47,760 Speaker 1: It does feel like it is already having and will 387 00:22:47,760 --> 00:22:52,080 Speaker 1: continue to have an effect on the sorts of companies 388 00:22:52,119 --> 00:22:54,879 Speaker 1: that get built, the sorts of movies that get made. 389 00:22:55,000 --> 00:22:58,200 Speaker 1: How much do you think about sort of the influence 390 00:22:58,240 --> 00:23:01,000 Speaker 1: and in the broader culture And I know that that's 391 00:23:01,040 --> 00:23:03,600 Speaker 1: something or it feels like that that's something you've thought 392 00:23:03,640 --> 00:23:07,560 Speaker 1: about beyond the world of sports, beyond just even sort 393 00:23:07,560 --> 00:23:11,000 Speaker 1: of sports adjacent things, but but really influencing the culture 394 00:23:11,040 --> 00:23:15,919 Speaker 1: more broadly. Yeah, I would say that's why we found 395 00:23:15,920 --> 00:23:19,879 Speaker 1: this ploy sports lifestyle and culture because we thought that, 396 00:23:20,480 --> 00:23:26,399 Speaker 1: you know, people were minimizing sports in sports entertainment and 397 00:23:26,520 --> 00:23:31,200 Speaker 1: the athletes as a storyteller and the farmer athletes as 398 00:23:31,240 --> 00:23:34,760 Speaker 1: a story looking at the draft like, these kids come 399 00:23:34,840 --> 00:23:40,120 Speaker 1: from incredible stories, an incredible background, and so when we 400 00:23:40,119 --> 00:23:44,919 Speaker 1: were thinking of building Flick right, we wanted to build 401 00:23:44,960 --> 00:23:51,120 Speaker 1: it to protect the culture to serve the culture and 402 00:23:51,200 --> 00:23:56,760 Speaker 1: be a destination right where we get to hear and 403 00:23:56,920 --> 00:24:01,520 Speaker 1: see the documentaries that you know that we want, right. 404 00:24:02,119 --> 00:24:05,199 Speaker 1: I mean, Corporate is gonna always show us who won 405 00:24:05,400 --> 00:24:10,120 Speaker 1: the championships because we have to keep that narrative going, right, 406 00:24:10,560 --> 00:24:13,160 Speaker 1: But what about the teams that didn't make it? And 407 00:24:13,200 --> 00:24:15,720 Speaker 1: so a lot of these young kids they're growing up 408 00:24:16,080 --> 00:24:19,639 Speaker 1: and they don't know who the giants were in the 409 00:24:19,760 --> 00:24:23,440 Speaker 1: seventies and the eighties and the nineties and two thousands even, 410 00:24:24,000 --> 00:24:26,800 Speaker 1: And so for Slick, it was looking at you know, 411 00:24:26,920 --> 00:24:32,200 Speaker 1: sports allows you to have the tythen it mentality as 412 00:24:32,240 --> 00:24:35,159 Speaker 1: an athlete, and if we can come and help you 413 00:24:35,200 --> 00:24:39,840 Speaker 1: create the stories right and the content for that, then 414 00:24:39,880 --> 00:24:43,240 Speaker 1: it's gonna be better for our fans than a great 415 00:24:43,280 --> 00:24:48,280 Speaker 1: representation of us as a community. Our thanks to Baron 416 00:24:48,359 --> 00:24:52,080 Speaker 1: Davis for joining us a very busy time. Clearly for him, 417 00:24:52,080 --> 00:24:54,880 Speaker 1: he's got a lot of irons in the fire as 418 00:24:54,960 --> 00:24:58,639 Speaker 1: he thinks about very holistically how to be kind of 419 00:24:58,680 --> 00:25:02,520 Speaker 1: a new age entrepreneur an investor. As we said at 420 00:25:02,520 --> 00:25:05,440 Speaker 1: the top, getting drafted playing in the NBA. It's interesting 421 00:25:05,480 --> 00:25:08,639 Speaker 1: to hear the origin story of his business, you know, 422 00:25:08,680 --> 00:25:13,400 Speaker 1: back to vitamin water. I mean the way he framed it, 423 00:25:13,560 --> 00:25:17,240 Speaker 1: there wasn't a huge risk, but a big reward for 424 00:25:17,320 --> 00:25:19,840 Speaker 1: a young guy in the NBA, And that really set 425 00:25:19,880 --> 00:25:22,720 Speaker 1: the tone, Lynchi for what has come ever since. He 426 00:25:22,880 --> 00:25:27,080 Speaker 1: is right out there as an investor and as an entrepreneur. Yeah. 427 00:25:27,080 --> 00:25:28,760 Speaker 1: I mean if that was me and Coca Cola paid 428 00:25:28,800 --> 00:25:30,959 Speaker 1: all that money for vitamin water, I'd be on some 429 00:25:31,040 --> 00:25:38,719 Speaker 1: beach in the I'd be that guy. But coming up 430 00:25:38,800 --> 00:25:45,520 Speaker 1: right there, Morgan Freeman, It's like, wait, hold on a second. 431 00:25:45,520 --> 00:25:48,439 Speaker 1: So Lynchi is so you guys were in showshing together? 432 00:25:48,520 --> 00:25:51,480 Speaker 1: Is that one thing? I feel like this she really 433 00:25:51,560 --> 00:25:55,760 Speaker 1: just took a turn. This really took a turn, guys. Uh. 434 00:25:55,840 --> 00:25:59,400 Speaker 1: In any case, I watched this space right. I mean, 435 00:25:59,440 --> 00:26:03,119 Speaker 1: this is a I who probably has decades left as 436 00:26:03,160 --> 00:26:07,720 Speaker 1: an investor, and he's building this foundation Michael Barr to 437 00:26:08,040 --> 00:26:12,080 Speaker 1: be extremely influential going forward. Oh my goodness. We we've 438 00:26:12,080 --> 00:26:16,560 Speaker 1: talked about the sports and life style in culture slick. 439 00:26:16,920 --> 00:26:20,080 Speaker 1: We didn't get into the Black Santa Company, big No 440 00:26:20,400 --> 00:26:24,240 Speaker 1: Label company, and all of those companies are there to 441 00:26:24,280 --> 00:26:29,520 Speaker 1: provide educational and heartwarming stories, uh, for all ages. And 442 00:26:29,680 --> 00:26:33,159 Speaker 1: I just think that's a really noble thing that he 443 00:26:33,320 --> 00:26:37,080 Speaker 1: is doing. And uh, I hope he continues and until 444 00:26:37,680 --> 00:26:40,080 Speaker 1: for years and years to come. Lencha, what do you 445 00:26:40,119 --> 00:26:44,240 Speaker 1: think you'll you'll remember from this one? Some people say 446 00:26:44,320 --> 00:26:46,080 Speaker 1: you either have to be a leader or a follower. 447 00:26:46,119 --> 00:26:48,000 Speaker 1: He said, you have to be a leader and have 448 00:26:48,080 --> 00:26:50,119 Speaker 1: to be a follower as well. When you don't know 449 00:26:50,240 --> 00:26:53,880 Speaker 1: something about a particular product or how to conduct a 450 00:26:54,000 --> 00:26:56,600 Speaker 1: uh startup business, you but you are a follower. You 451 00:26:56,720 --> 00:26:59,359 Speaker 1: listen and then you become a leader. So I thought 452 00:26:59,400 --> 00:27:01,240 Speaker 1: that was pretty to wrestling, because a lot of people 453 00:27:01,280 --> 00:27:02,600 Speaker 1: will tell you what you're gonna be a literal you're 454 00:27:02,640 --> 00:27:04,480 Speaker 1: gonna be a follower. And this is the first time 455 00:27:04,520 --> 00:27:06,600 Speaker 1: I've ever heard that the two of them compliment each 456 00:27:06,600 --> 00:27:10,920 Speaker 1: other one because that's not in German. It feels better 457 00:27:11,000 --> 00:27:12,720 Speaker 1: to be number one than number five. I'll wear a 458 00:27:12,800 --> 00:27:14,440 Speaker 1: number because of Mike. We have a chance to go 459 00:27:14,560 --> 00:27:16,360 Speaker 1: for three in a row, good numbers in a good time. 460 00:27:16,400 --> 00:27:18,440 Speaker 1: And let's first started wearing the number. I would just 461 00:27:18,560 --> 00:27:24,360 Speaker 1: have the Bloomberg business of sports. The number of the week. Time, Now, gentlemen, 462 00:27:24,880 --> 00:27:27,359 Speaker 1: for the number of the week. Now, this one's gonna 463 00:27:27,359 --> 00:27:33,600 Speaker 1: be an interesting one, all right? Yeah? Not like the 464 00:27:33,680 --> 00:27:35,960 Speaker 1: one we talked about mud and when we're talking about 465 00:27:36,040 --> 00:27:41,119 Speaker 1: something good, the Premier League leader we're talking about in 466 00:27:41,200 --> 00:27:47,920 Speaker 1: the UK soccer Tottenham reported an annual loss due to 467 00:27:47,960 --> 00:27:52,920 Speaker 1: the coronavirus pandemic and fans being shut out of stadiums. Now, 468 00:27:53,800 --> 00:27:55,720 Speaker 1: I am debating here. I want to do this, so 469 00:27:55,840 --> 00:27:59,920 Speaker 1: I'm just gonna go for give me the number in millions, 470 00:28:00,119 --> 00:28:04,560 Speaker 1: not pounds, in millions, millions of dollars, millions of dollars 471 00:28:05,320 --> 00:28:12,760 Speaker 1: that they lost this year. It's Tottenham's the Spurs um million. 472 00:28:16,400 --> 00:28:21,639 Speaker 1: I'm gonna say two million. Well, um, Jason, you to 473 00:28:21,680 --> 00:28:26,520 Speaker 1: get on stage because it's eighty five point four million dollars. Wow, 474 00:28:27,000 --> 00:28:30,040 Speaker 1: now he's a lot. Here's a bonus question. Convert that 475 00:28:30,119 --> 00:28:34,240 Speaker 1: into pounds? Uh? Is it like it's like a hundred 476 00:28:34,280 --> 00:28:39,040 Speaker 1: million pounds? No, it's less the other way, the other way, sorry, 477 00:28:39,480 --> 00:28:49,840 Speaker 1: fifteen pounds? Is it? Fifty million pounds? Pounds? Been a dollar? 478 00:28:50,000 --> 00:28:55,680 Speaker 1: What happened? One dollar? Sixty three point nine million pounds? 479 00:28:56,360 --> 00:28:58,920 Speaker 1: That all, sir? That's a lot of money and a 480 00:28:58,960 --> 00:29:02,160 Speaker 1: lot of money. Yeah, and that's owing to the basically 481 00:29:02,240 --> 00:29:06,520 Speaker 1: no gate right exactly, because they really make their revenue 482 00:29:06,600 --> 00:29:10,120 Speaker 1: off the gate and uh, if you can't have anybody 483 00:29:10,160 --> 00:29:12,160 Speaker 1: in there. That kind of goes back to what I 484 00:29:12,280 --> 00:29:14,960 Speaker 1: was saying way at the beginning of the show that 485 00:29:15,560 --> 00:29:19,400 Speaker 1: you know, all this because of COVID, and you know, 486 00:29:20,160 --> 00:29:24,240 Speaker 1: teams are getting just dented. Players are not getting paid. 487 00:29:24,600 --> 00:29:26,800 Speaker 1: And I'm not talking about the high end players. I'm 488 00:29:26,800 --> 00:29:30,440 Speaker 1: talking about uh, you know, Joe Bowl players and this 489 00:29:30,720 --> 00:29:33,400 Speaker 1: this is a mess, man. But yeah, sixty three point 490 00:29:33,520 --> 00:29:37,840 Speaker 1: nine million pounds for eighty five point four million dollars 491 00:29:38,440 --> 00:29:42,400 Speaker 1: from the tops and the year before that, in nineteen season, 492 00:29:42,920 --> 00:29:46,520 Speaker 1: they made a profit of sixty eight point six million pounds. 493 00:29:47,040 --> 00:29:50,360 Speaker 1: That's the swing. That's the swing. Wow, that's a lot. 494 00:29:50,480 --> 00:29:53,720 Speaker 1: So that's a hundred basically a hundred twenty million pounds 495 00:29:53,800 --> 00:29:58,640 Speaker 1: swing from year to year based on based on no fans. Incredible. 496 00:29:59,640 --> 00:30:02,120 Speaker 1: Just can I go back and change what I'm thankful 497 00:30:02,160 --> 00:30:06,200 Speaker 1: for because I did. I didn't realize I'd be having 498 00:30:06,280 --> 00:30:09,040 Speaker 1: to deal with foreign currency on the number of weeks 499 00:30:11,120 --> 00:30:13,200 Speaker 1: I might not be so thankful for hanging around with 500 00:30:13,280 --> 00:30:16,680 Speaker 1: Michael Barr the rest of you guys. I'm still thankful 501 00:30:16,720 --> 00:30:20,040 Speaker 1: them around you. Yeah, Michael Barr. Until there would be 502 00:30:20,120 --> 00:30:22,960 Speaker 1: no math on this example, give me the numbers of 503 00:30:23,000 --> 00:30:28,120 Speaker 1: the blades of grass on exactly exactly. Lynchy likes it 504 00:30:28,200 --> 00:30:35,320 Speaker 1: more when it's a real estate question in America. All right, 505 00:30:35,480 --> 00:30:37,959 Speaker 1: you've been listening to the Bloomberg Businessist Sports. We're here 506 00:30:38,040 --> 00:30:40,040 Speaker 1: each and every week at the same time, plus online 507 00:30:40,040 --> 00:30:42,320 Speaker 1: wherever you get your podcast. You can catch those Mondays, 508 00:30:42,360 --> 00:30:45,000 Speaker 1: Wednesdays and Thursdays. I'm Jason Kelly. Find me on Twitter 509 00:30:45,080 --> 00:30:47,080 Speaker 1: at Jason Kelly News, and I'm Mike Lynch. You can 510 00:30:47,120 --> 00:30:50,320 Speaker 1: find me at Lynch w CBB, and I'm Michael Bar 511 00:30:50,480 --> 00:30:53,320 Speaker 1: on Twitter at Big Bar Sports. You're listening to Bloomberg 512 00:30:53,400 --> 00:31:03,800 Speaker 1: Business of Sports from Bloomberg Radio around the world. Oh