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 --> 00:00:22,720 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 sapetry of our stakeholders that 11 00:00:30,160 --> 00:00:32,839 Speaker 1: looks 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 and Bloomberg Business of 14 00:00:38,520 --> 00:00:42,400 Speaker 1: Sports from Bloomberg Radio. Everyone, I'm Jason Kelly, and I'm 15 00:00:42,440 --> 00:00:45,000 Speaker 1: Mike Lynch and I'm Michael bar Over the next hour, 16 00:00:45,120 --> 00:00:47,280 Speaker 1: we will explore the big money issues in the world 17 00:00:47,320 --> 00:00:49,320 Speaker 1: of sports and talk to some of the biggest players 18 00:00:49,360 --> 00:00:52,560 Speaker 1: in the industry. So excited about this show, guys, because 19 00:00:52,560 --> 00:00:54,520 Speaker 1: we've got sort of a kindred spirit Rich Clem and 20 00:00:54,560 --> 00:00:56,440 Speaker 1: coming up with us. This guy knows the business of 21 00:00:56,480 --> 00:01:00,000 Speaker 1: sports from all angles. Even has his own competitive podcast, 22 00:01:00,160 --> 00:01:02,560 Speaker 1: So we'll get into that and much more. But let's 23 00:01:02,600 --> 00:01:05,400 Speaker 1: talk about what's been going on. A big week in 24 00:01:05,560 --> 00:01:08,640 Speaker 1: the business of sports, for sure, and one thing we're 25 00:01:08,640 --> 00:01:11,440 Speaker 1: certain to talk with Rich Climbing about, given his relationship 26 00:01:11,560 --> 00:01:15,480 Speaker 1: with Kevin Durant, is Katie getting a new teammate Guys 27 00:01:15,600 --> 00:01:20,600 Speaker 1: James Harden leaving Houston Lynchy and coming to New York 28 00:01:20,959 --> 00:01:23,240 Speaker 1: to the Nets. This is a big deal. It's a 29 00:01:23,319 --> 00:01:25,880 Speaker 1: huge deal. Harden has been sort of a tough guy 30 00:01:25,880 --> 00:01:29,000 Speaker 1: to handle by coaches and by owners of teams, but 31 00:01:29,040 --> 00:01:31,160 Speaker 1: he's coming now to join a pretty good club and 32 00:01:31,560 --> 00:01:33,600 Speaker 1: there's a new Big three in the East right now, 33 00:01:34,080 --> 00:01:36,520 Speaker 1: and you know a lot of people the obvious question is, well, 34 00:01:36,520 --> 00:01:38,640 Speaker 1: there's only one basketball and there's a lot of guys 35 00:01:38,680 --> 00:01:41,120 Speaker 1: that wanted. But that wasn't a problem for Golden State 36 00:01:41,160 --> 00:01:44,720 Speaker 1: when when Durant played there with Steph Curry and Clay Thompson. 37 00:01:44,760 --> 00:01:47,600 Speaker 1: There wasn't a problem. When Lebron Kyrie and Kevin Love 38 00:01:47,640 --> 00:01:50,240 Speaker 1: were in the Cavaliers. It wasn't a problem for Kareem 39 00:01:50,240 --> 00:01:51,880 Speaker 1: and Magic and Worthy, and it wasn't a problem for 40 00:01:51,960 --> 00:01:55,280 Speaker 1: Michale Burdon Parish. So will it be a problem for 41 00:01:55,280 --> 00:01:57,160 Speaker 1: the New Jersey Nets when James Harden is a right, 42 00:01:57,240 --> 00:01:59,000 Speaker 1: I don't think so. Well, you know who, it's gonna 43 00:01:59,000 --> 00:02:01,560 Speaker 1: be a problem for Michael are the New York nexts. 44 00:02:01,600 --> 00:02:04,080 Speaker 1: I mean, if you're in the Knicks fan and you 45 00:02:04,080 --> 00:02:06,480 Speaker 1: are in the next front office right now, you've got 46 00:02:06,480 --> 00:02:08,960 Speaker 1: to be looking at this and saying a seriously, you're 47 00:02:09,000 --> 00:02:11,760 Speaker 1: you kidding me? Like I mean, the Nets, at least 48 00:02:12,200 --> 00:02:17,320 Speaker 1: from a moves perspective, are just running circles around their 49 00:02:17,320 --> 00:02:20,000 Speaker 1: friends across the river. Remember when you we used to 50 00:02:20,080 --> 00:02:22,520 Speaker 1: laugh when you said the Nets and there was that 51 00:02:22,600 --> 00:02:25,720 Speaker 1: little giggle that she used to get. Is like the Nets? 52 00:02:25,800 --> 00:02:29,080 Speaker 1: Which one is worth? The Nets and Knicks? Now the Nets, 53 00:02:29,400 --> 00:02:33,480 Speaker 1: they are a powerhouse lookout and it's done something else. 54 00:02:33,639 --> 00:02:37,200 Speaker 1: It's bringing back big time buzz in the New York 55 00:02:37,240 --> 00:02:40,720 Speaker 1: area about basketball. We haven't had that in a long time. Well, 56 00:02:40,760 --> 00:02:43,639 Speaker 1: that's exactly it. I mean, I think you've got a 57 00:02:43,760 --> 00:02:46,919 Speaker 1: very well run business in this case, and you've got 58 00:02:46,919 --> 00:02:49,520 Speaker 1: some name brand players who are going to generate a 59 00:02:49,520 --> 00:02:52,799 Speaker 1: lot of revenue for the Nets for themselves in the meantime, 60 00:02:52,880 --> 00:02:57,080 Speaker 1: and we know, apologies to all of our Boston fans, Lynchy, 61 00:02:57,200 --> 00:02:59,960 Speaker 1: but kind of the center of the world when I 62 00:03:00,120 --> 00:03:03,720 Speaker 1: comes to media, finance and all of that stuff. So uh. 63 00:03:03,760 --> 00:03:06,240 Speaker 1: In any case, well, we do know one thing that 64 00:03:06,280 --> 00:03:08,720 Speaker 1: will be happening at Madison Square Garden. We'll see how 65 00:03:08,720 --> 00:03:12,840 Speaker 1: well it goes is the National Hockey League, and we 66 00:03:12,919 --> 00:03:16,480 Speaker 1: are going to see the puck drop different sort of 67 00:03:16,560 --> 00:03:19,840 Speaker 1: view of it. We caught up with Javier Coutierras of 68 00:03:19,880 --> 00:03:23,200 Speaker 1: the Coyotes a couple of weeks back, and you know, 69 00:03:23,280 --> 00:03:26,040 Speaker 1: a different sort of season. But the NHL they're getting 70 00:03:26,040 --> 00:03:28,519 Speaker 1: back to business, Lynching. Yep, they are. They're going to 71 00:03:28,600 --> 00:03:31,000 Speaker 1: play you fifty six games in a hundred and ten days. 72 00:03:31,000 --> 00:03:32,680 Speaker 1: There are a lot of back to back nights. But 73 00:03:32,760 --> 00:03:36,280 Speaker 1: geographically they put all the divisions together, so the New 74 00:03:36,360 --> 00:03:38,160 Speaker 1: York Rangers are going to be in the same division 75 00:03:38,160 --> 00:03:41,120 Speaker 1: with the Islanders and the Bruins and the Capitals and 76 00:03:41,160 --> 00:03:44,160 Speaker 1: the Penguins and the Buffalo. I think there's all all 77 00:03:44,160 --> 00:03:46,120 Speaker 1: the teams, so geographically there won't be a lot of 78 00:03:46,160 --> 00:03:48,600 Speaker 1: travel and a lot of people are really really excited 79 00:03:48,680 --> 00:03:51,480 Speaker 1: because remember when hockey picked up last year, they played 80 00:03:51,480 --> 00:03:54,160 Speaker 1: in two venues, Toronto and Edmonton, and now they're going 81 00:03:54,240 --> 00:03:56,920 Speaker 1: to be playing in the cities. Most of the city's 82 00:03:56,920 --> 00:03:59,560 Speaker 1: are not allowing fans in. Some are, but at least, 83 00:03:59,760 --> 00:04:02,240 Speaker 1: you know, which just feels a little bit more normal 84 00:04:02,280 --> 00:04:04,800 Speaker 1: because you're actually playing in the garden as opposed to 85 00:04:04,800 --> 00:04:08,560 Speaker 1: playing in Toronto. Yeah, so it'll be interesting to see 86 00:04:08,560 --> 00:04:12,440 Speaker 1: how this goes. And I think everyone is especially interested because, 87 00:04:13,120 --> 00:04:17,120 Speaker 1: bar the NBA, it is a mess right now. And 88 00:04:17,160 --> 00:04:19,200 Speaker 1: you know, we spent so much of the back half 89 00:04:19,600 --> 00:04:23,400 Speaker 1: of talking about, Oh the NBA, their geniuses. They pull 90 00:04:23,480 --> 00:04:27,640 Speaker 1: this off the bubble, no asterisk on this championship. They 91 00:04:27,680 --> 00:04:29,800 Speaker 1: got it all done, they got it all in. Well, 92 00:04:29,839 --> 00:04:31,600 Speaker 1: now they're facing a lot of the same issues that 93 00:04:31,680 --> 00:04:35,839 Speaker 1: baseball and football faced on a professional level. I don't 94 00:04:35,880 --> 00:04:38,880 Speaker 1: know how this season is going to go and and 95 00:04:39,000 --> 00:04:41,919 Speaker 1: I dare say if it even is going to be 96 00:04:42,000 --> 00:04:46,040 Speaker 1: able to limp to the finish, because we were taping 97 00:04:46,080 --> 00:04:49,600 Speaker 1: this in real time and we're seeing games get postponed 98 00:04:49,960 --> 00:04:53,480 Speaker 1: and canceled literally as we're doing this on Thursday morning. 99 00:04:54,040 --> 00:04:57,160 Speaker 1: We don't know what's going to happen here, but something's 100 00:04:57,160 --> 00:04:59,360 Speaker 1: got to change in terms of the protocols, or maybe 101 00:04:59,440 --> 00:05:02,520 Speaker 1: the enforced of the protocols. What do you make of it? Far? Well, yeah, 102 00:05:02,680 --> 00:05:07,200 Speaker 1: I mean this went from the bubble, and and I've 103 00:05:07,200 --> 00:05:09,360 Speaker 1: said what I what I feel about the bubble. Yes, 104 00:05:09,400 --> 00:05:12,800 Speaker 1: it's they're human beings. But yes, the bubble worked. But 105 00:05:13,000 --> 00:05:17,960 Speaker 1: now we've had several games that have been at least postponed, 106 00:05:18,520 --> 00:05:21,359 Speaker 1: and you can't keep having this. I know that the 107 00:05:21,480 --> 00:05:25,600 Speaker 1: NBA took a page from the NFL on scheduling the 108 00:05:26,080 --> 00:05:29,120 Speaker 1: games and having holes where you can slot this back 109 00:05:29,240 --> 00:05:31,960 Speaker 1: or this or that whatever. Well, you've had so many 110 00:05:32,080 --> 00:05:35,800 Speaker 1: games postponed already. This this is causing a problem. It 111 00:05:35,839 --> 00:05:39,520 Speaker 1: absolutely is lynchy. And you know, I wonder and I'm 112 00:05:39,600 --> 00:05:42,279 Speaker 1: lifting this directly from something I heard Bill Simmons talked 113 00:05:42,279 --> 00:05:44,360 Speaker 1: about on on his podcast. It's gonna be a real 114 00:05:44,400 --> 00:05:47,080 Speaker 1: test for for Adam Silver, who you know, gets all 115 00:05:47,120 --> 00:05:49,680 Speaker 1: these plotits from the owners and the players about being 116 00:05:49,800 --> 00:05:52,320 Speaker 1: a great commissioner. But he's going to have to make 117 00:05:52,320 --> 00:05:54,520 Speaker 1: some tough choices. He may need to find his inner 118 00:05:54,560 --> 00:05:58,320 Speaker 1: goodell here and you know, and really start bringing the 119 00:05:58,320 --> 00:06:01,440 Speaker 1: hammer down in these guys, because you do have folks, 120 00:06:01,560 --> 00:06:04,080 Speaker 1: including the newest arrival of the New York Nets, who 121 00:06:04,080 --> 00:06:08,919 Speaker 1: have broken protocols and you know, some financial consequences of there. 122 00:06:08,920 --> 00:06:12,000 Speaker 1: But it's got to be different if they're going to 123 00:06:12,080 --> 00:06:15,880 Speaker 1: see the season out, well, they're trying everything they possibly can. Now. 124 00:06:15,920 --> 00:06:17,680 Speaker 1: I think they're gonna put masks on players on the 125 00:06:17,760 --> 00:06:20,760 Speaker 1: bench when they come out of the game. Originally it 126 00:06:20,800 --> 00:06:23,400 Speaker 1: was only the coaches and team personnel. I think they're 127 00:06:23,400 --> 00:06:26,039 Speaker 1: going to eliminate shoot arounds in the morning. They're not 128 00:06:26,080 --> 00:06:27,760 Speaker 1: going to allow players. You know, when someone makes the 129 00:06:27,839 --> 00:06:29,760 Speaker 1: first of two free throws, all the teammates come in 130 00:06:29,800 --> 00:06:31,720 Speaker 1: and give them a fist pump. They're going to eliminate that. 131 00:06:32,080 --> 00:06:35,320 Speaker 1: And the post game hugs with opponents. That's gonna be out. 132 00:06:35,440 --> 00:06:38,080 Speaker 1: And it's kind of funny when most people watch tape, 133 00:06:38,120 --> 00:06:40,760 Speaker 1: they watched the game. Action in the NBA office, I 134 00:06:40,839 --> 00:06:44,960 Speaker 1: know that they're watching what happens during timeouts, what happens pregame, 135 00:06:45,000 --> 00:06:47,560 Speaker 1: what happens to postgame, And it's gonna be like the NFL. 136 00:06:47,600 --> 00:06:49,680 Speaker 1: They're gonna come down and maybe just hit someone hard 137 00:06:49,720 --> 00:06:52,320 Speaker 1: with a with a fine to send a lesson. And 138 00:06:52,360 --> 00:06:55,479 Speaker 1: it worked in the NFL and there's no bubble. And 139 00:06:55,520 --> 00:06:58,640 Speaker 1: the other thing is there's only about twelve to fourteen 140 00:06:58,640 --> 00:07:00,880 Speaker 1: players on a roster in the end right, you can't 141 00:07:00,880 --> 00:07:03,560 Speaker 1: afford to have four or five guys in baseball, Remember 142 00:07:03,600 --> 00:07:06,680 Speaker 1: they had that taxi squad of players as a backup. 143 00:07:06,880 --> 00:07:09,640 Speaker 1: There are fifty three guys and more on an NFL roster, 144 00:07:09,720 --> 00:07:11,280 Speaker 1: so you can you can afford to have two or 145 00:07:11,280 --> 00:07:14,280 Speaker 1: three guys, four guys that have it, but basketball can't 146 00:07:14,280 --> 00:07:16,800 Speaker 1: because of the depth and the roster. It's a really 147 00:07:16,800 --> 00:07:18,760 Speaker 1: good point. Yeah, and there's just a lot at stake. 148 00:07:18,800 --> 00:07:20,600 Speaker 1: You know, they are trying to get in seventy two 149 00:07:20,640 --> 00:07:24,440 Speaker 1: games and they have built in, as Mark Tatum explained 150 00:07:24,440 --> 00:07:26,080 Speaker 1: to us just a couple of weeks ago before the 151 00:07:26,120 --> 00:07:29,360 Speaker 1: season tipped off, they've built in a lot of flex 152 00:07:29,400 --> 00:07:32,920 Speaker 1: in the back half. But uh, they're gonna have to 153 00:07:32,920 --> 00:07:35,640 Speaker 1: to make some different decisions, it feels like going forward. 154 00:07:35,680 --> 00:07:39,280 Speaker 1: Michael Barr. Yes, they are, And uh, the biggest thing 155 00:07:39,280 --> 00:07:41,680 Speaker 1: that they're going to have to worry about is and 156 00:07:42,320 --> 00:07:44,120 Speaker 1: you mentioned it right from the good go is that 157 00:07:44,600 --> 00:07:48,760 Speaker 1: out of the four major food groups, Adam Silver is 158 00:07:49,160 --> 00:07:53,600 Speaker 1: the one that the NBA players like the best. And 159 00:07:53,880 --> 00:07:57,400 Speaker 1: maybe that's going to change if Silver has to crack 160 00:07:57,520 --> 00:08:01,240 Speaker 1: down on trying to get these guys in ye to like, look, 161 00:08:01,960 --> 00:08:05,240 Speaker 1: follow the rules because of you don't, the whole league's 162 00:08:05,240 --> 00:08:07,640 Speaker 1: going to blow apart, So please do what you gotta 163 00:08:07,720 --> 00:08:10,560 Speaker 1: do today. Totally psyched to be speaking with Rich Clim 164 00:08:10,600 --> 00:08:12,800 Speaker 1: and he is the co founder of thirty five ventures 165 00:08:12,800 --> 00:08:15,480 Speaker 1: that I've gotten to know a bit. I certainly listened 166 00:08:15,520 --> 00:08:17,960 Speaker 1: to his pod all the time, read what he's doing 167 00:08:18,240 --> 00:08:20,560 Speaker 1: on the board room. So Rich, really nice to have 168 00:08:20,680 --> 00:08:23,760 Speaker 1: you with us, and very timely to have you with us, 169 00:08:23,800 --> 00:08:26,920 Speaker 1: because wow, it has been quite a week in the 170 00:08:27,040 --> 00:08:29,800 Speaker 1: b A. Even we're taking this on a Thursday morning. 171 00:08:30,000 --> 00:08:32,680 Speaker 1: Even the last twenty four hours have been nuts. Right 172 00:08:32,720 --> 00:08:35,560 Speaker 1: here in our backyard and with the nets. Tell us 173 00:08:35,600 --> 00:08:38,080 Speaker 1: what's going on? You know, I get to I get 174 00:08:38,120 --> 00:08:41,880 Speaker 1: to you know, get is close a view to what 175 00:08:42,080 --> 00:08:44,360 Speaker 1: goes on behind the scenes in the NBA without being 176 00:08:44,360 --> 00:08:47,640 Speaker 1: an agent, without being um, you know, an NBA exact 177 00:08:48,080 --> 00:08:50,079 Speaker 1: and I'm managed Kevin, so I get to see all 178 00:08:50,080 --> 00:08:52,319 Speaker 1: of this and the excitement of it is really incredible 179 00:08:52,360 --> 00:08:55,840 Speaker 1: and listening it's Uh, the NBA is now like no 180 00:08:56,040 --> 00:08:59,080 Speaker 1: trade I think really shocks fans, But yesterday I think 181 00:08:59,520 --> 00:09:02,520 Speaker 1: fans are in the league. We're really like, disbelieve it. 182 00:09:02,520 --> 00:09:04,440 Speaker 1: We just went down even though it was rumored for 183 00:09:04,480 --> 00:09:07,880 Speaker 1: so long, I didn't think it was going to happen. 184 00:09:07,960 --> 00:09:12,120 Speaker 1: I thought it was just talking. This was okay, that's nice, 185 00:09:12,160 --> 00:09:14,640 Speaker 1: gives the sports world something to talk about. And all 186 00:09:14,640 --> 00:09:17,679 Speaker 1: of a sudden, bam, it happens, and now the Nets 187 00:09:18,360 --> 00:09:22,360 Speaker 1: are this super team. I'm just wondering, do you think 188 00:09:22,400 --> 00:09:27,240 Speaker 1: that they're the team now that's going to win it all? Well, 189 00:09:27,280 --> 00:09:30,480 Speaker 1: I mean, listen, uh, I work with one player in 190 00:09:30,520 --> 00:09:33,600 Speaker 1: the NBA, so I'm always going to be biased and 191 00:09:33,640 --> 00:09:36,520 Speaker 1: think that the team that Katie is going to win 192 00:09:37,240 --> 00:09:39,840 Speaker 1: and um, you know, and they've got three of the 193 00:09:39,840 --> 00:09:42,200 Speaker 1: best players in the NBA, and we we've seen that 194 00:09:42,240 --> 00:09:45,640 Speaker 1: in the playoffs, like having superstar players that can get 195 00:09:45,679 --> 00:09:50,040 Speaker 1: a bucket whenever they need to, especially two of them 196 00:09:50,080 --> 00:09:52,240 Speaker 1: that have won a championship, one of them that's played 197 00:09:52,240 --> 00:09:55,040 Speaker 1: in conference finals. They look great. But I also know 198 00:09:55,280 --> 00:09:58,880 Speaker 1: from uh watching the NBA so closely that like there's 199 00:09:58,880 --> 00:10:01,360 Speaker 1: a lot of things that come to play and it's 200 00:10:01,720 --> 00:10:05,320 Speaker 1: still brand new. So you know, I guess the way 201 00:10:05,400 --> 00:10:07,200 Speaker 1: you've got to say, the state way is to say 202 00:10:07,240 --> 00:10:09,360 Speaker 1: that the champ is always still the favorite rites of 203 00:10:09,440 --> 00:10:11,920 Speaker 1: the Lakers. But obviously I'm biased, so you know, I 204 00:10:11,960 --> 00:10:13,920 Speaker 1: feel good about the Nets in the move they made, 205 00:10:14,000 --> 00:10:16,880 Speaker 1: but still a long season. And also this year is 206 00:10:16,960 --> 00:10:19,600 Speaker 1: so odd. Like I'm looking at the picker as we speak, 207 00:10:19,679 --> 00:10:22,839 Speaker 1: and it's it's just so it's scary at times to 208 00:10:23,320 --> 00:10:26,559 Speaker 1: see what's come of you know, obviously our whole world, 209 00:10:26,559 --> 00:10:28,440 Speaker 1: but when you see the ticker at the bottom of 210 00:10:28,440 --> 00:10:30,640 Speaker 1: the Sports Center just kind of talking about the games 211 00:10:30,640 --> 00:10:33,079 Speaker 1: that are postponed. Man, there's just so many variables to 212 00:10:33,200 --> 00:10:36,040 Speaker 1: like do anything but just play, you know, like play 213 00:10:36,080 --> 00:10:38,240 Speaker 1: one game at a time. And I think for Kevin, 214 00:10:38,400 --> 00:10:43,000 Speaker 1: especially after missing so much basketball, Like obviously he's excited 215 00:10:43,040 --> 00:10:45,120 Speaker 1: and I think he feels good about his team, but 216 00:10:45,559 --> 00:10:47,839 Speaker 1: he really is just enjoying being back on the court, 217 00:10:47,920 --> 00:10:50,880 Speaker 1: and that's the best mindset to have right now, especially 218 00:10:50,920 --> 00:10:53,439 Speaker 1: with what's going on. Rich. It's Mike Lynch up here 219 00:10:53,440 --> 00:10:56,640 Speaker 1: in Boston. Obviously we're not very happy that James Harden 220 00:10:56,760 --> 00:10:59,360 Speaker 1: is coming to the East. We get rid of Lebron, 221 00:10:59,440 --> 00:11:01,080 Speaker 1: we get rid of Hi, we letter we sent them 222 00:11:01,080 --> 00:11:03,880 Speaker 1: out west and now he comes Durant and here comes 223 00:11:03,960 --> 00:11:06,080 Speaker 1: Hardened and you know, one more obstacle to get to 224 00:11:06,120 --> 00:11:10,319 Speaker 1: the NBA finals. Uh. Knowing Kevin the way you know him, 225 00:11:10,559 --> 00:11:12,640 Speaker 1: he went to Golden State, and everyone says, well, there's 226 00:11:12,640 --> 00:11:15,760 Speaker 1: only one basketball for Steph Curry, Clay Thompson and Kevin Durant. 227 00:11:15,800 --> 00:11:17,640 Speaker 1: The same questions are going to arrise with the next 228 00:11:17,920 --> 00:11:19,920 Speaker 1: You'll forore see any issues at all in terms of 229 00:11:20,520 --> 00:11:24,280 Speaker 1: three big personalities and and and just stars sharing one basketball. 230 00:11:25,640 --> 00:11:29,440 Speaker 1: You know, I mean, everything is like just like in business. 231 00:11:29,480 --> 00:11:32,200 Speaker 1: You know, there's obviously going to be a lot of 232 00:11:32,200 --> 00:11:36,000 Speaker 1: people having to understand what each people, each person needs. 233 00:11:36,040 --> 00:11:37,720 Speaker 1: You know, some of James and Kevin have played together, 234 00:11:37,760 --> 00:11:39,280 Speaker 1: but it's been a lot of years, and then there's 235 00:11:39,280 --> 00:11:41,920 Speaker 1: other players involving a new coach who you know, it 236 00:11:41,960 --> 00:11:46,440 Speaker 1: is perfect for this situation, is perfect to manage um, 237 00:11:46,480 --> 00:11:50,880 Speaker 1: you know, the different players involved. But no, because you 238 00:11:50,920 --> 00:11:53,680 Speaker 1: know these kind of things these days, when these three 239 00:11:53,760 --> 00:11:57,640 Speaker 1: guys Um and any of these superstars, when they join up, 240 00:11:57,679 --> 00:12:00,160 Speaker 1: you have to understand it like it's done with all 241 00:12:00,200 --> 00:12:03,240 Speaker 1: it's done with like them understanding that, like, yeah, of 242 00:12:03,280 --> 00:12:06,040 Speaker 1: course I can go into a situation and change the 243 00:12:06,120 --> 00:12:08,240 Speaker 1: kind of player I am. That's why they're so good, 244 00:12:08,400 --> 00:12:10,400 Speaker 1: you know. So when I hear people say that like 245 00:12:10,480 --> 00:12:12,600 Speaker 1: James never played in the system, though he did play 246 00:12:12,679 --> 00:12:15,160 Speaker 1: in the system. That was the system, and you can 247 00:12:15,200 --> 00:12:17,679 Speaker 1: play in any system when you're that good. And Kevin 248 00:12:17,800 --> 00:12:20,160 Speaker 1: shown that, you know, and Kyrie showed that in Cleveland. 249 00:12:20,200 --> 00:12:23,280 Speaker 1: So I actually think there's no three better players. Obviously 250 00:12:23,320 --> 00:12:26,960 Speaker 1: on paper to a fan, they may not quite understand 251 00:12:27,000 --> 00:12:29,640 Speaker 1: the intricacies of like how it can work on the court, 252 00:12:29,720 --> 00:12:33,360 Speaker 1: or they don't slot a natural position on paper. But 253 00:12:33,720 --> 00:12:36,360 Speaker 1: when you have players at that caliber that understand the 254 00:12:36,360 --> 00:12:39,640 Speaker 1: game at the level they understand it, there's nothing that 255 00:12:39,760 --> 00:12:42,079 Speaker 1: can keep it from working. You know. It's really just 256 00:12:42,160 --> 00:12:44,360 Speaker 1: how far they can go. And you know, and like 257 00:12:44,440 --> 00:12:46,840 Speaker 1: I said, that comes with all the other different variables, 258 00:12:46,840 --> 00:12:49,640 Speaker 1: and there's other great teams. You know, Rich one of 259 00:12:49,640 --> 00:12:51,360 Speaker 1: the reasons I love talking to you is you do 260 00:12:51,440 --> 00:12:54,959 Speaker 1: approach this from a business perspective, And so I want 261 00:12:55,000 --> 00:12:56,720 Speaker 1: to ask, you know, as you look at at the 262 00:12:56,760 --> 00:12:59,880 Speaker 1: Nets as a franchise and you look at these play 263 00:13:00,360 --> 00:13:04,400 Speaker 1: as brands, what does this do for Katie? What does 264 00:13:04,440 --> 00:13:07,880 Speaker 1: this do for the sort of the brand of the 265 00:13:07,960 --> 00:13:11,360 Speaker 1: Nets as it is clearly ascendant? I mean, you're a 266 00:13:11,360 --> 00:13:13,880 Speaker 1: New York guy, I mean you have seen up close 267 00:13:13,960 --> 00:13:17,320 Speaker 1: and personal, you know, this team and this brand sort 268 00:13:17,360 --> 00:13:22,160 Speaker 1: of eclipse that other team that plays across the river. Yeah, 269 00:13:22,240 --> 00:13:24,440 Speaker 1: well no, I don't you know, again, if I make 270 00:13:24,480 --> 00:13:28,000 Speaker 1: the analogy as it relates to businesses, there is never 271 00:13:28,600 --> 00:13:32,440 Speaker 1: one person in a space that completely monopolizes that. You know, 272 00:13:32,480 --> 00:13:36,280 Speaker 1: there are monopolies, but there's always others. And you know, 273 00:13:36,480 --> 00:13:39,040 Speaker 1: I don't know whether they've eclipsed them or not. I 274 00:13:39,080 --> 00:13:42,400 Speaker 1: think it's the Knicks haven't come down in popularity, you know, 275 00:13:42,520 --> 00:13:45,680 Speaker 1: So it's just that the Nets have risen in popularity. 276 00:13:45,880 --> 00:13:48,600 Speaker 1: And you know, the Mets and the Yankees for instance, 277 00:13:48,679 --> 00:13:53,120 Speaker 1: like the Yankees are clearly the the legendary, the story 278 00:13:53,160 --> 00:13:56,000 Speaker 1: team in New York, and they've won so much more 279 00:13:56,000 --> 00:13:57,800 Speaker 1: than the Mets half, but the Mets are not a 280 00:13:57,880 --> 00:14:02,079 Speaker 1: bad franchise, and Met fan love the Mets, and then 281 00:14:03,000 --> 00:14:05,199 Speaker 1: that well, now it's a different story because now my 282 00:14:05,280 --> 00:14:07,760 Speaker 1: boy Steve Cohen is there, and then that's may actually 283 00:14:07,800 --> 00:14:10,679 Speaker 1: take over the Yankees. But my point is that I 284 00:14:10,720 --> 00:14:14,439 Speaker 1: think the Nets now are a different, unique, incredible, big brand, 285 00:14:14,480 --> 00:14:17,200 Speaker 1: and they're actually like a global brand, which they never 286 00:14:17,280 --> 00:14:21,160 Speaker 1: were before. But in New York, it's not like Goodbye Nix, 287 00:14:21,400 --> 00:14:23,960 Speaker 1: here's this big Nets bend. It's just like here's two 288 00:14:24,160 --> 00:14:28,960 Speaker 1: monster brands. Based in New York. When we talk about 289 00:14:29,080 --> 00:14:33,280 Speaker 1: basketball the state of it in general, Uh, where do 290 00:14:33,320 --> 00:14:36,239 Speaker 1: you see it going now? Because there have been problems 291 00:14:36,760 --> 00:14:42,040 Speaker 1: with the league and COVID outbreaks. Last season it worked 292 00:14:42,040 --> 00:14:44,560 Speaker 1: fine in the bubble, but this season there have been 293 00:14:45,000 --> 00:14:48,760 Speaker 1: numerous postponements. Where do you see the future of this 294 00:14:48,840 --> 00:14:53,480 Speaker 1: season going? Well? I only know what I hope. UM. 295 00:14:53,520 --> 00:14:58,800 Speaker 1: I hope that obviously the NBA has um you know, 296 00:14:58,840 --> 00:15:03,000 Speaker 1: has the ability to withstand and continue to fight through 297 00:15:03,160 --> 00:15:06,560 Speaker 1: because even with what you saw in baseball and football, 298 00:15:07,200 --> 00:15:09,440 Speaker 1: is there is a little bit of a leveling all. 299 00:15:09,720 --> 00:15:11,640 Speaker 1: You know, Baseball at the beginning, I think we all 300 00:15:11,680 --> 00:15:15,400 Speaker 1: thought there was no way it would end. Um football 301 00:15:15,560 --> 00:15:19,120 Speaker 1: somehow has pulled it off, and the NBA was seamless 302 00:15:19,320 --> 00:15:21,960 Speaker 1: in how they put the bubble together. This is a 303 00:15:22,000 --> 00:15:25,120 Speaker 1: new animal. There's also this new strain of the virus 304 00:15:25,240 --> 00:15:28,760 Speaker 1: right when the NBA started, and everyone knows, at least 305 00:15:28,760 --> 00:15:31,680 Speaker 1: from what it's been reported, that strain is more contagious. 306 00:15:31,720 --> 00:15:34,440 Speaker 1: Doesn't mean it's more lethal in any way. And I 307 00:15:34,480 --> 00:15:36,640 Speaker 1: think that you have the healthiest athletes in the world. 308 00:15:37,000 --> 00:15:40,640 Speaker 1: And while there may unfortunately be postponements and players missing, 309 00:15:40,760 --> 00:15:43,960 Speaker 1: that's the variable like that we were talking about, not 310 00:15:44,040 --> 00:15:46,640 Speaker 1: an asterisk, it's the variable because it just becomes a 311 00:15:46,720 --> 00:15:49,440 Speaker 1: hurdle and you have to adjust. And I hope that 312 00:15:49,800 --> 00:15:51,640 Speaker 1: you know, this is what we're all having to do 313 00:15:51,760 --> 00:15:53,480 Speaker 1: right now, is just a just like we're on a 314 00:15:53,520 --> 00:15:55,680 Speaker 1: podcast right now. You know, we're on a show. You 315 00:15:55,680 --> 00:15:58,360 Speaker 1: guys have to keep working, and I think that they're 316 00:15:58,400 --> 00:16:00,600 Speaker 1: going to find a way to continue long. I think 317 00:16:00,640 --> 00:16:03,240 Speaker 1: that's what exactly what happened, you know, hopefully with a 318 00:16:03,280 --> 00:16:06,000 Speaker 1: new administration and a new level of calm in our 319 00:16:06,040 --> 00:16:11,200 Speaker 1: country and a new like priority being put across the 320 00:16:11,280 --> 00:16:14,600 Speaker 1: board to the pandemic first and foremost over politics and 321 00:16:14,720 --> 00:16:18,520 Speaker 1: elections and stuff. I think it can only go up 322 00:16:18,600 --> 00:16:20,960 Speaker 1: and it can only get better. Yes, cases may go 323 00:16:21,040 --> 00:16:22,560 Speaker 1: up in the short term, and we have to be 324 00:16:22,680 --> 00:16:24,960 Speaker 1: cognizant of that. Blood like you can't. I don't think 325 00:16:24,960 --> 00:16:27,720 Speaker 1: they shove the NBA down, and Rich, I feel like 326 00:16:27,760 --> 00:16:29,920 Speaker 1: we came in hot with you and talking about all 327 00:16:29,920 --> 00:16:31,960 Speaker 1: the news to day. Let's take a beat if we 328 00:16:32,040 --> 00:16:36,680 Speaker 1: can remind us what thirty five ventures is because the ambition, 329 00:16:37,240 --> 00:16:41,920 Speaker 1: it feels like, has really just continued to accelerate. Tell 330 00:16:42,000 --> 00:16:44,440 Speaker 1: us where you are at this moment with it. Yeah, 331 00:16:44,480 --> 00:16:46,760 Speaker 1: I mean that's exactly right. I think thirty five Ventures 332 00:16:46,800 --> 00:16:49,360 Speaker 1: has become the whole days company for you know, Kevin 333 00:16:49,400 --> 00:16:51,520 Speaker 1: and my ambitions, and that's you know, to do a 334 00:16:51,600 --> 00:16:54,880 Speaker 1: multitude of things in the venture space and the media 335 00:16:54,960 --> 00:16:58,360 Speaker 1: space and the brand space, and we've continued to do so. 336 00:16:58,480 --> 00:17:01,440 Speaker 1: We've really amplified the board Room brand and added multiple 337 00:17:01,640 --> 00:17:05,960 Speaker 1: verticals and really putting a bigger push behind that this year, 338 00:17:05,960 --> 00:17:08,840 Speaker 1: and we had a handful of sponsors that have you know, 339 00:17:09,359 --> 00:17:12,359 Speaker 1: invested into it. And then we continue to work on 340 00:17:12,400 --> 00:17:15,000 Speaker 1: our our full length docs. We have a scripted series 341 00:17:15,040 --> 00:17:18,119 Speaker 1: of Apple that should release this year. Our foundation and 342 00:17:18,200 --> 00:17:21,280 Speaker 1: the Duran Center and Peach County are continuing to be 343 00:17:21,320 --> 00:17:24,080 Speaker 1: a focus. So you know, I think things will throughout 344 00:17:24,200 --> 00:17:26,800 Speaker 1: years will be fluid and things that become the focus 345 00:17:26,840 --> 00:17:29,320 Speaker 1: of our attention, you know, like the Philadelphia Union and 346 00:17:29,680 --> 00:17:31,920 Speaker 1: that's the MLS team that we invested in. I think 347 00:17:31,960 --> 00:17:34,760 Speaker 1: at some points throughout the year that becomes very top 348 00:17:34,800 --> 00:17:37,600 Speaker 1: of mind. But it is really you know, a holdings 349 00:17:37,640 --> 00:17:40,280 Speaker 1: company for our ambitions. You and I think that we've 350 00:17:40,280 --> 00:17:43,320 Speaker 1: created this incredible, like minded group of people to help 351 00:17:43,400 --> 00:17:45,560 Speaker 1: us bring that to life and to collaborate with us. 352 00:17:45,600 --> 00:17:48,560 Speaker 1: So you know, we intend on setting relatively nimbled, but 353 00:17:49,119 --> 00:17:52,159 Speaker 1: some verticals of our business are growing where we're hiring 354 00:17:52,200 --> 00:17:55,159 Speaker 1: people dedicated to that, and you know, we'll keep building 355 00:17:55,200 --> 00:17:57,800 Speaker 1: and doing this as long as we can. Take us 356 00:17:57,840 --> 00:17:59,760 Speaker 1: back to the beginning. If you can with the old 357 00:18:00,040 --> 00:18:03,120 Speaker 1: I can white photos and how this whole thing started. 358 00:18:03,320 --> 00:18:06,080 Speaker 1: Can you tell us how would begin? Well? I was 359 00:18:06,160 --> 00:18:16,200 Speaker 1: fortunately born to color photos. And this is the part 360 00:18:16,200 --> 00:18:19,240 Speaker 1: of the show Rich where where Bar always shows is 361 00:18:19,320 --> 00:18:22,639 Speaker 1: that he outs himself as a geezer by his own admission. 362 00:18:22,720 --> 00:18:25,439 Speaker 1: But go on, well, well, I can't listen. I couldn't 363 00:18:25,480 --> 00:18:29,760 Speaker 1: go up for that ride with you man forty four 364 00:18:30,000 --> 00:18:33,119 Speaker 1: for at least like another six or ten years. Maybe 365 00:18:33,160 --> 00:18:35,840 Speaker 1: I can at least pretend that there's some mute them there. 366 00:18:35,880 --> 00:18:39,400 Speaker 1: But I grew up in New York City. I'm an 367 00:18:39,400 --> 00:18:45,719 Speaker 1: avid sportsman. I couldn't really the function and focus in school, 368 00:18:45,840 --> 00:18:48,359 Speaker 1: so it wasn't for me. I tried my hand, you know, 369 00:18:48,480 --> 00:18:52,800 Speaker 1: different entrepreneurial things that you know, we're never going to 370 00:18:52,920 --> 00:18:55,440 Speaker 1: lead me anywhere. But I had a great network of people. 371 00:18:55,480 --> 00:18:57,760 Speaker 1: I always kept in touch with handful of people I 372 00:18:57,800 --> 00:18:59,280 Speaker 1: grew up with and I went out of my way 373 00:18:59,320 --> 00:19:03,040 Speaker 1: to beat people that were in successful positions. And when 374 00:19:03,040 --> 00:19:05,919 Speaker 1: I got asked to help a friend of mine with 375 00:19:06,000 --> 00:19:09,280 Speaker 1: the internet company at dot Com Company at twenty two, 376 00:19:09,320 --> 00:19:14,040 Speaker 1: after not finishing college and really messing around, I helped 377 00:19:14,040 --> 00:19:16,200 Speaker 1: them raise money, We helped it bring it to life, 378 00:19:16,320 --> 00:19:18,000 Speaker 1: and at that point I feel like I had really 379 00:19:18,000 --> 00:19:20,480 Speaker 1: gotten my education. And right after that is when I 380 00:19:20,560 --> 00:19:24,080 Speaker 1: kind of started my UM career and I worked in 381 00:19:24,080 --> 00:19:28,200 Speaker 1: in TV, I worked in UM music, I managed artists 382 00:19:28,200 --> 00:19:31,640 Speaker 1: that worked for jay Z, I produced films, and ultimately 383 00:19:31,680 --> 00:19:33,600 Speaker 1: I wanted to get back into sports, and when I 384 00:19:33,640 --> 00:19:36,480 Speaker 1: did at Rock Nation, I was able to bring like 385 00:19:36,560 --> 00:19:39,280 Speaker 1: all of that experience that I had had in all 386 00:19:39,280 --> 00:19:42,159 Speaker 1: of my multitude of of jobs and all within the 387 00:19:42,280 --> 00:19:45,280 Speaker 1: entertainment business, and when I moved over to sports, it 388 00:19:45,320 --> 00:19:48,000 Speaker 1: was like my childhood knowledge that I really always followed 389 00:19:48,040 --> 00:19:51,360 Speaker 1: sports like it was my my business. And then my 390 00:19:51,520 --> 00:19:54,119 Speaker 1: real kind of lessons and experiences I had learned and 391 00:19:54,200 --> 00:19:56,680 Speaker 1: the network I had learned and building in the entertainment 392 00:19:56,680 --> 00:20:00,280 Speaker 1: business really combined and really put me in a great sedition. 393 00:20:00,320 --> 00:20:02,520 Speaker 1: At thirty five, just be in the sports world and 394 00:20:02,560 --> 00:20:05,000 Speaker 1: I met k D and I was his agent and 395 00:20:05,040 --> 00:20:07,600 Speaker 1: manager at Rockney for a while, a handful of other 396 00:20:08,320 --> 00:20:11,560 Speaker 1: athletes and artists, but ultimately I wanted my own business. 397 00:20:11,760 --> 00:20:13,880 Speaker 1: And you know, and that's a tough thing for any 398 00:20:14,000 --> 00:20:16,960 Speaker 1: entrepreneur when you're working for a great organization, is you 399 00:20:17,000 --> 00:20:19,280 Speaker 1: know how scary it is to go off on your 400 00:20:19,280 --> 00:20:21,720 Speaker 1: own and kids at that point. So, you know, Kevin 401 00:20:21,760 --> 00:20:24,080 Speaker 1: believed in me, and so you know, about five years 402 00:20:24,080 --> 00:20:28,639 Speaker 1: ago we joined forces and started building thirty five Ventures. Um, 403 00:20:28,720 --> 00:20:31,600 Speaker 1: so that's you know, that's the quick story. Rich. You've 404 00:20:31,640 --> 00:20:34,760 Speaker 1: got Kevin in New York now, so geographically you guys 405 00:20:35,040 --> 00:20:39,040 Speaker 1: are close. But now that the season has is under way, 406 00:20:39,080 --> 00:20:41,960 Speaker 1: what is his involvement in thirty five Ventures during the 407 00:20:42,000 --> 00:20:44,760 Speaker 1: regular season? Um? Well, I mean, if we built the 408 00:20:44,840 --> 00:20:48,000 Speaker 1: company for Kevin to always be the fourth and everything 409 00:20:48,040 --> 00:20:50,280 Speaker 1: we do but not necessarily have to ever be the 410 00:20:50,320 --> 00:20:52,800 Speaker 1: space unless it was appropriate or something he wanted to 411 00:20:52,840 --> 00:20:55,000 Speaker 1: do or build. And you know, when he was in 412 00:20:55,040 --> 00:20:56,480 Speaker 1: the Bay, I spent a lot of time in the 413 00:20:56,560 --> 00:20:58,760 Speaker 1: Bay and was able to build a network there in 414 00:20:58,800 --> 00:21:02,080 Speaker 1: New York. Obviously I had one, but when Kevin got 415 00:21:02,080 --> 00:21:05,159 Speaker 1: here last year, a whole handful of new people, you know, 416 00:21:05,320 --> 00:21:08,760 Speaker 1: started approaching themselves and coming to the table with cool opportunities. 417 00:21:08,800 --> 00:21:11,720 Speaker 1: And you know, Kevin is one of those people that 418 00:21:12,080 --> 00:21:15,159 Speaker 1: he doesn't check out from life when the season is 419 00:21:15,200 --> 00:21:17,600 Speaker 1: going on. It's just like anyone that's you know, has 420 00:21:17,640 --> 00:21:20,360 Speaker 1: their job is about balance, and we understand that here 421 00:21:20,440 --> 00:21:23,240 Speaker 1: and where it's needed. He'll hop on calls and stop 422 00:21:23,280 --> 00:21:25,480 Speaker 1: by the office, you know me, and and talk every day, 423 00:21:25,520 --> 00:21:27,719 Speaker 1: so I share things in like real time. So it's 424 00:21:27,760 --> 00:21:30,480 Speaker 1: really more about you know, how great his memory is 425 00:21:30,520 --> 00:21:33,520 Speaker 1: and he stays in touch with everything happening, and you know, 426 00:21:33,640 --> 00:21:35,639 Speaker 1: just his point of view at times and just his 427 00:21:35,720 --> 00:21:38,479 Speaker 1: perspective is really helpful. And then you know, like with 428 00:21:38,600 --> 00:21:41,240 Speaker 1: his podcast, when he goes deeper on something than he's 429 00:21:41,280 --> 00:21:43,600 Speaker 1: all in, even if it's during the season, because he 430 00:21:43,640 --> 00:21:46,920 Speaker 1: can really manage both very well. You know, Rich you 431 00:21:47,040 --> 00:21:49,360 Speaker 1: touched on this a few minutes ago, and I want 432 00:21:49,400 --> 00:21:53,040 Speaker 1: to dive a little deeper because it strikes me that 433 00:21:53,040 --> 00:21:57,719 Speaker 1: that your experience is especially relevant given what we're seeing 434 00:21:57,920 --> 00:22:00,879 Speaker 1: quote unquote like in the culture as it were. And 435 00:22:01,160 --> 00:22:05,440 Speaker 1: I think about the development of athletes, brands and their 436 00:22:05,600 --> 00:22:11,440 Speaker 1: role in social justice, their role in influencing I feel 437 00:22:11,480 --> 00:22:14,440 Speaker 1: like you probably saw a version of that in your 438 00:22:14,640 --> 00:22:18,400 Speaker 1: previous career as it were, earlier in your career when 439 00:22:18,440 --> 00:22:21,960 Speaker 1: you were you know, managing musical artists. Can you draw 440 00:22:22,040 --> 00:22:24,879 Speaker 1: some connections there that to help us understand sort of 441 00:22:24,880 --> 00:22:31,200 Speaker 1: that evolution? Yeah, I mean, I think it's it's obviously 442 00:22:31,240 --> 00:22:36,640 Speaker 1: well documented and both literally and figuratively about the connection 443 00:22:36,680 --> 00:22:40,400 Speaker 1: between um, you know, hip hop and the NBA and 444 00:22:40,440 --> 00:22:44,200 Speaker 1: how much influence one has had on each other. Um. 445 00:22:44,359 --> 00:22:47,320 Speaker 1: But from a business perspective, from a brand perspective, I 446 00:22:47,359 --> 00:22:50,439 Speaker 1: think that rap music and hip hop music and that 447 00:22:50,640 --> 00:22:56,479 Speaker 1: entire um kind of birth of this you know, music 448 00:22:56,640 --> 00:23:01,920 Speaker 1: culture and everything eighties, nineties, two thousands had the direct 449 00:23:02,040 --> 00:23:05,240 Speaker 1: impact on what you see athletes doing now with their brands. 450 00:23:05,320 --> 00:23:09,399 Speaker 1: And jay Z for instance, which I had, you know, 451 00:23:09,520 --> 00:23:13,280 Speaker 1: a luxury of being able to to UM watch firsthand 452 00:23:13,520 --> 00:23:17,840 Speaker 1: to me build the most flawless business and never ever 453 00:23:17,880 --> 00:23:21,639 Speaker 1: ever Beard from who he was and build something and 454 00:23:21,760 --> 00:23:25,359 Speaker 1: impacted so many different parts of the world of business 455 00:23:25,520 --> 00:23:30,000 Speaker 1: by staying true to himself and really like leaning in 456 00:23:30,200 --> 00:23:33,040 Speaker 1: on his case and his style and his aesthetic and 457 00:23:33,119 --> 00:23:36,520 Speaker 1: his gut always like talked about his gut and then 458 00:23:36,640 --> 00:23:39,560 Speaker 1: owning it all and then building into all these different 459 00:23:39,600 --> 00:23:42,919 Speaker 1: verticals and lebron Mouth has done that lawlessly in the 460 00:23:43,000 --> 00:23:45,600 Speaker 1: n b A and has impacted so many other athletes 461 00:23:45,640 --> 00:23:49,080 Speaker 1: to do the same in their own veins. But you 462 00:23:49,240 --> 00:23:54,280 Speaker 1: saw the Dr Dre Puff Daddy's jay Z, the Jimmy 463 00:23:54,359 --> 00:23:56,399 Speaker 1: Iveans you know, on a on a bigger on a 464 00:23:56,400 --> 00:23:59,080 Speaker 1: bigger level, and that he was running the label. But 465 00:23:59,320 --> 00:24:02,760 Speaker 1: these guys have are building businesses that now you see 466 00:24:02,840 --> 00:24:05,200 Speaker 1: throughout the NBA that is a model I think throughout 467 00:24:05,320 --> 00:24:08,919 Speaker 1: entertain which is that like my brand now becomes an 468 00:24:09,040 --> 00:24:13,080 Speaker 1: entire enterprise, and um it's really incredible because I got 469 00:24:13,119 --> 00:24:15,240 Speaker 1: to watch it and live it. You know the artist 470 00:24:15,280 --> 00:24:19,520 Speaker 1: I managed, Meek Mill wile a solange artists like Jay 471 00:24:19,560 --> 00:24:21,119 Speaker 1: Cole that I was able to A and R his 472 00:24:21,280 --> 00:24:23,960 Speaker 1: album um or be a part of A and R 473 00:24:24,000 --> 00:24:26,840 Speaker 1: and claim any of that. But you know, for me, 474 00:24:27,720 --> 00:24:31,320 Speaker 1: I I saw like all of those artists starting to 475 00:24:31,359 --> 00:24:33,679 Speaker 1: do similar things and they don't all have to be 476 00:24:33,880 --> 00:24:36,840 Speaker 1: jay Z, right And then the NBA now everyone doesn't 477 00:24:36,880 --> 00:24:39,200 Speaker 1: have to be lebron to have to have their own 478 00:24:39,280 --> 00:24:41,719 Speaker 1: enterprise and and that's you know, and for me, this 479 00:24:41,840 --> 00:24:43,800 Speaker 1: is just going to continue on and on and on. 480 00:24:44,160 --> 00:24:47,639 Speaker 1: The agencies though now are hit to that and c 481 00:24:47,840 --> 00:24:51,119 Speaker 1: a A is not like I don't understand this new model. 482 00:24:51,160 --> 00:24:53,560 Speaker 1: It's more we can create that model for an athlete 483 00:24:53,600 --> 00:24:56,720 Speaker 1: and bring in the athletes manager and create an infrastructure. 484 00:24:56,760 --> 00:24:59,399 Speaker 1: So you know, I think this is truly the future 485 00:24:59,480 --> 00:25:04,479 Speaker 1: of it all. There are numerous media projects that you 486 00:25:04,520 --> 00:25:07,760 Speaker 1: guys have going on right now, but one that really 487 00:25:08,520 --> 00:25:13,119 Speaker 1: caught my eye was Cuball And what it is is 488 00:25:13,119 --> 00:25:17,040 Speaker 1: is that San Quentin State Prison their hardened convicts and 489 00:25:17,080 --> 00:25:20,000 Speaker 1: they're trying to take their shot at redemption and they're 490 00:25:20,000 --> 00:25:24,560 Speaker 1: trying to navigate through personal struggles bonding through basketball. Take 491 00:25:24,640 --> 00:25:28,760 Speaker 1: us through that, because that that's really a great idea. Well, 492 00:25:29,200 --> 00:25:32,440 Speaker 1: so it's a It's an interesting story. When Kevin first 493 00:25:32,520 --> 00:25:36,240 Speaker 1: went to the Warriors, Bob Myers asked Kevin and myself 494 00:25:36,320 --> 00:25:38,480 Speaker 1: to go to San Quentin because the Warriors had gone 495 00:25:38,520 --> 00:25:40,320 Speaker 1: a few years in a row, I think since Mark 496 00:25:40,400 --> 00:25:43,320 Speaker 1: Jackson has been the coach. And they go to San 497 00:25:43,400 --> 00:25:46,480 Speaker 1: Quentin early in the season and there's a basketball team 498 00:25:46,560 --> 00:25:49,440 Speaker 1: that calls himself to San Quentin Warriors and they scrimmage 499 00:25:49,480 --> 00:25:51,480 Speaker 1: with them, and it's not the actual Warriors to scrimmage. 500 00:25:51,520 --> 00:25:55,040 Speaker 1: The players visit, but like the assistant coaches. Some of 501 00:25:55,040 --> 00:25:58,440 Speaker 1: the coaches and Bob plays themselves are are all ex players. 502 00:25:58,480 --> 00:26:01,800 Speaker 1: Then Joe Lacob's sons would play, and um, you know 503 00:26:01,840 --> 00:26:04,080 Speaker 1: with Mark Jackson coached, he played. I think Steve ker 504 00:26:04,200 --> 00:26:06,600 Speaker 1: might have played. And these guys play in a real game. 505 00:26:06,640 --> 00:26:08,800 Speaker 1: I mean. The San Quentin Warriors incredible. And Kevin and 506 00:26:08,840 --> 00:26:11,680 Speaker 1: I went there and when we walked through Death Row, 507 00:26:11,760 --> 00:26:14,920 Speaker 1: we walked through places that like I could never imagine seeing. 508 00:26:14,960 --> 00:26:19,720 Speaker 1: It was unbelievable experience in so many ways, so many 509 00:26:19,760 --> 00:26:23,639 Speaker 1: different emotions, and Kevin really was just Kevin trew and 510 00:26:23,680 --> 00:26:27,240 Speaker 1: threw himself talking all the inmates, having these incredible conversations. 511 00:26:27,280 --> 00:26:29,800 Speaker 1: Remember Jerraymond was with us and I think he was 512 00:26:29,800 --> 00:26:32,679 Speaker 1: playing spades or something with the inmates. It was just 513 00:26:32,760 --> 00:26:37,160 Speaker 1: incredible for me to watch. And randomly, about two years later, 514 00:26:37,160 --> 00:26:39,600 Speaker 1: a really good friend of mine and producer Jamie Patscrow, 515 00:26:40,440 --> 00:26:45,080 Speaker 1: told me that him and another director were working on 516 00:26:45,160 --> 00:26:48,520 Speaker 1: something a documentary called Cuball in St. Quentin, and they 517 00:26:48,720 --> 00:26:51,240 Speaker 1: distribution already, but they really needed someone to come in 518 00:26:51,280 --> 00:26:54,200 Speaker 1: and amplify this project and really bring it to life 519 00:26:54,240 --> 00:26:55,800 Speaker 1: and try to tell some of the stories and how 520 00:26:55,960 --> 00:26:58,720 Speaker 1: screenings and and also helped them with more access in 521 00:26:58,800 --> 00:27:02,879 Speaker 1: Saint Quentin, and it was like completely odd and unique 522 00:27:02,880 --> 00:27:06,480 Speaker 1: situation because they had no idea that we had just visited. So, um, 523 00:27:06,520 --> 00:27:08,080 Speaker 1: we kind of helped them just bring that to life 524 00:27:08,080 --> 00:27:10,440 Speaker 1: in this director Michael Poland did it and it really 525 00:27:10,520 --> 00:27:12,200 Speaker 1: was a special doct So I don't know if you've 526 00:27:12,359 --> 00:27:13,960 Speaker 1: had a chance to see it yet, you guys should 527 00:27:14,000 --> 00:27:15,680 Speaker 1: watch it. It's a really amazing story. And one of 528 00:27:15,720 --> 00:27:18,040 Speaker 1: the inmates who got out ended up getting a tryout 529 00:27:18,080 --> 00:27:22,040 Speaker 1: for the Warriors G League team. He's talk to me 530 00:27:22,080 --> 00:27:24,960 Speaker 1: about the boardroom and it's it's different tentacles. I find 531 00:27:25,000 --> 00:27:27,680 Speaker 1: that fascinating. It's something that that you guys are deeply 532 00:27:27,720 --> 00:27:31,440 Speaker 1: involved in. Yeah, no, I appreciate you asking because that's 533 00:27:31,440 --> 00:27:35,120 Speaker 1: really like our baby, you know. Um, I'm really fortunate 534 00:27:35,200 --> 00:27:37,840 Speaker 1: to be in this position, Like because I managed Kevin Durant, 535 00:27:37,960 --> 00:27:40,879 Speaker 1: I was able to, um have a platform, to be 536 00:27:40,920 --> 00:27:42,720 Speaker 1: able to do all of these things that I love 537 00:27:42,800 --> 00:27:45,840 Speaker 1: to do throughout all these different forms of business. And 538 00:27:46,240 --> 00:27:48,840 Speaker 1: as a kid, you know, I had all these entrepreneurial goals. 539 00:27:48,880 --> 00:27:50,879 Speaker 1: I wanted to be in sports, and there really was 540 00:27:51,000 --> 00:27:53,440 Speaker 1: no traditional, conventional way that I was going to be 541 00:27:53,520 --> 00:27:55,520 Speaker 1: able to take to get there. I wasn't built for that. 542 00:27:55,600 --> 00:27:57,760 Speaker 1: And I think today you see so many kids and 543 00:27:57,840 --> 00:28:01,520 Speaker 1: so many people inspired by so many different you know, 544 00:28:01,680 --> 00:28:04,639 Speaker 1: entrepreneurs that have you know, started their careers in different 545 00:28:04,680 --> 00:28:07,679 Speaker 1: ways that they never imagined that you could take. And 546 00:28:08,000 --> 00:28:10,359 Speaker 1: in the sports world especially, there were so many new 547 00:28:10,480 --> 00:28:14,080 Speaker 1: entryways to work into in the business, and it included 548 00:28:14,200 --> 00:28:18,000 Speaker 1: art and fashion and technology, but it still was rooted 549 00:28:18,000 --> 00:28:20,400 Speaker 1: in sports. So I figured that there was an opportunity 550 00:28:20,440 --> 00:28:23,000 Speaker 1: to create a brand and a platform where you really 551 00:28:23,000 --> 00:28:24,960 Speaker 1: could get the information on what was going on in 552 00:28:25,000 --> 00:28:28,080 Speaker 1: the sports world and sports business world in a different 553 00:28:28,080 --> 00:28:30,200 Speaker 1: way than you would get from your traditional kind of 554 00:28:30,240 --> 00:28:33,600 Speaker 1: business or sports business outlet. And it's really evolved now 555 00:28:33,640 --> 00:28:36,000 Speaker 1: into more of like, uh, what we hope one day 556 00:28:36,080 --> 00:28:38,640 Speaker 1: is like a gen Z FORBS where we're really like 557 00:28:38,720 --> 00:28:43,400 Speaker 1: talking about the world of sports business and culture in um, 558 00:28:43,440 --> 00:28:45,520 Speaker 1: you know, in the way it looks to us. And 559 00:28:45,560 --> 00:28:48,760 Speaker 1: we have podcasts, we have original video series, we have 560 00:28:48,800 --> 00:28:51,560 Speaker 1: a newsletter, we have a college series, and a trading 561 00:28:51,560 --> 00:28:54,200 Speaker 1: card vertical and um, you know, we didn't raise any 562 00:28:54,200 --> 00:28:55,800 Speaker 1: money for it. We really built it as like a 563 00:28:55,840 --> 00:28:58,320 Speaker 1: fabric of our business and it's really started taking off. 564 00:28:58,400 --> 00:29:01,320 Speaker 1: And we're launching our new side boardroom dot tv, which 565 00:29:01,360 --> 00:29:02,960 Speaker 1: will be housing all of this in like a week 566 00:29:03,080 --> 00:29:05,240 Speaker 1: or two. So you know, I hope you guys enjoyed 567 00:29:05,320 --> 00:29:08,640 Speaker 1: and I'm really excited about it. So rich as you 568 00:29:08,680 --> 00:29:11,560 Speaker 1: guys sort of go through in us says what to do, 569 00:29:11,680 --> 00:29:15,719 Speaker 1: what not to do? I mean, help us understand the screen. 570 00:29:15,960 --> 00:29:18,080 Speaker 1: You know, what are some of the basic questions that 571 00:29:18,120 --> 00:29:21,560 Speaker 1: you're asking because I would imagine, you know, folks are 572 00:29:21,600 --> 00:29:24,160 Speaker 1: coming at you all the time. The world is your oyster. 573 00:29:24,600 --> 00:29:27,960 Speaker 1: You know, you've got huge brands backing you already and 574 00:29:27,960 --> 00:29:31,600 Speaker 1: and associated with you. How do you decide that, like 575 00:29:31,840 --> 00:29:37,560 Speaker 1: what's the general process? First of all, Like recently, someone 576 00:29:37,800 --> 00:29:41,480 Speaker 1: that I respect very much, um ari A, who's the 577 00:29:41,600 --> 00:29:46,120 Speaker 1: head of Lion Tree, told me that, Yeah, he told 578 00:29:46,160 --> 00:29:48,120 Speaker 1: me I needed to redo my schedule and make my 579 00:29:48,200 --> 00:29:53,760 Speaker 1: schedule offensive and defensive. And what I realized was I 580 00:29:53,800 --> 00:29:58,200 Speaker 1: was taking like massive amounts of calls of incoming ideas, 581 00:29:58,640 --> 00:30:01,400 Speaker 1: and I did think that I had a great filter down. 582 00:30:01,480 --> 00:30:04,160 Speaker 1: It was what I believe we had the bandwidth to do. 583 00:30:04,720 --> 00:30:07,320 Speaker 1: What kind of people we would be working with because 584 00:30:07,440 --> 00:30:09,200 Speaker 1: it has to be good energy and it has to 585 00:30:09,200 --> 00:30:12,000 Speaker 1: be good people, no matter how big the opportunity is. 586 00:30:12,000 --> 00:30:14,280 Speaker 1: Is it something camping and I love, We feel like 587 00:30:14,360 --> 00:30:18,040 Speaker 1: we could impact and um, you know, and from there 588 00:30:18,360 --> 00:30:20,600 Speaker 1: as it relates to us bringing that brand or that 589 00:30:20,640 --> 00:30:23,360 Speaker 1: product to life. At that filter when it comes to 590 00:30:23,400 --> 00:30:26,520 Speaker 1: a VC and a deal we'd invest in, there's obviously, 591 00:30:26,640 --> 00:30:28,880 Speaker 1: you know, a different criteria and it relates a bit 592 00:30:28,920 --> 00:30:31,920 Speaker 1: to the um the level of check size that we're doing, 593 00:30:31,960 --> 00:30:33,840 Speaker 1: you know, so it's the smaller check size, it could 594 00:30:33,880 --> 00:30:36,920 Speaker 1: be the concept the founders whether we could play a 595 00:30:36,960 --> 00:30:39,760 Speaker 1: part as an active or a passive and investor. And 596 00:30:39,800 --> 00:30:41,840 Speaker 1: then when it's a bigger check size, we do a 597 00:30:42,360 --> 00:30:44,800 Speaker 1: bit more of a deep dive. But what I've changed 598 00:30:44,840 --> 00:30:47,920 Speaker 1: now and recently is, you know, I do have a 599 00:30:47,960 --> 00:30:51,120 Speaker 1: lot of opportunity, but it's not always the right opportunity, 600 00:30:51,160 --> 00:30:52,880 Speaker 1: and it's not always the opportunities that are going to 601 00:30:52,960 --> 00:30:54,720 Speaker 1: help bring the life some of the things that we 602 00:30:54,800 --> 00:30:57,560 Speaker 1: are working on that we actually are focused on right 603 00:30:57,600 --> 00:30:59,720 Speaker 1: not new business, but things that we're in the weeds 604 00:30:59,760 --> 00:31:04,480 Speaker 1: build day um, and those things untail me still rolling 605 00:31:04,560 --> 00:31:06,440 Speaker 1: up my sleeves and you know, getting to that next 606 00:31:06,520 --> 00:31:08,640 Speaker 1: level in business and trying to get the attention of 607 00:31:08,920 --> 00:31:10,800 Speaker 1: people that can help bring some of the things we're 608 00:31:10,800 --> 00:31:13,240 Speaker 1: working onto life. And you know, it's a cool position 609 00:31:13,240 --> 00:31:15,400 Speaker 1: to be. And I still feel like I'm chasing and 610 00:31:15,440 --> 00:31:17,479 Speaker 1: I still feel that hustle every day, and I know 611 00:31:17,520 --> 00:31:20,640 Speaker 1: I have a while ways to go. But also we 612 00:31:20,640 --> 00:31:23,120 Speaker 1: we have created a great platform and Kevin is the 613 00:31:23,160 --> 00:31:25,520 Speaker 1: best at what he does, and we are now looking 614 00:31:25,560 --> 00:31:28,960 Speaker 1: at so many different opportunities and that's exciting. But I'm 615 00:31:29,000 --> 00:31:31,280 Speaker 1: starting to manage it a bit more and and and 616 00:31:31,320 --> 00:31:33,440 Speaker 1: figure out like what is that we need now to 617 00:31:33,480 --> 00:31:35,600 Speaker 1: bring some of our things to life. But you know, 618 00:31:35,680 --> 00:31:38,120 Speaker 1: we never take on more than we can manage. I'm 619 00:31:38,160 --> 00:31:40,640 Speaker 1: never inundated, and it's never with people that I don't 620 00:31:40,720 --> 00:31:44,200 Speaker 1: enjoy working with. Well, it's been a real pleasure catching 621 00:31:44,320 --> 00:31:46,160 Speaker 1: up with you. Love doing the deep dive. We could 622 00:31:46,160 --> 00:31:47,840 Speaker 1: talk to you for the rest of the day, but 623 00:31:48,280 --> 00:31:50,600 Speaker 1: there's business to be done on your side, that's for sure. 624 00:31:50,720 --> 00:31:53,320 Speaker 1: And as we talked about at the top, UH, never 625 00:31:53,320 --> 00:31:57,840 Speaker 1: a dull moment in any facet of our lives, business 626 00:31:58,120 --> 00:32:01,040 Speaker 1: or sports or politics or any thing out So really 627 00:32:01,120 --> 00:32:04,280 Speaker 1: really good dispensive time with you. Thanks man, Thank you guys, 628 00:32:04,360 --> 00:32:07,400 Speaker 1: appreciate it so guys really interesting to catch up with. 629 00:32:07,800 --> 00:32:10,480 Speaker 1: I've been looking at him for a while and trying 630 00:32:10,480 --> 00:32:12,920 Speaker 1: to sort of understand what has been going on. I 631 00:32:13,000 --> 00:32:16,440 Speaker 1: listened to his podcast. He's got a great uh podcast 632 00:32:16,480 --> 00:32:18,720 Speaker 1: of his own. Katie now has a podcast as well. 633 00:32:19,320 --> 00:32:22,440 Speaker 1: Uh as as we talked about, I mean a huge 634 00:32:22,440 --> 00:32:26,120 Speaker 1: amount of ambition and listen, the world only gets more 635 00:32:26,200 --> 00:32:31,400 Speaker 1: interesting if you're Katie and Rich Kleiman, if the nets 636 00:32:31,720 --> 00:32:34,360 Speaker 1: only get better and better and and get a higher 637 00:32:34,360 --> 00:32:38,080 Speaker 1: and higher profile. Lynchi absolutely and um, you know, I 638 00:32:38,480 --> 00:32:40,600 Speaker 1: always wondered when I see people coming from like the 639 00:32:40,680 --> 00:32:43,800 Speaker 1: music industry of the movie industry into professional sports, will 640 00:32:43,800 --> 00:32:46,720 Speaker 1: it work. Well, We've seen some of his predecessors. It 641 00:32:46,800 --> 00:32:49,800 Speaker 1: has worked. And he's right. I mean this the NBA 642 00:32:49,960 --> 00:32:55,800 Speaker 1: right now is just the a confluence of music culture, artists, 643 00:32:56,040 --> 00:32:58,840 Speaker 1: you name it. I mean, we've all been around NBA games. 644 00:32:58,880 --> 00:33:01,640 Speaker 1: Before a game, if the United States Centator walked into 645 00:33:01,680 --> 00:33:04,240 Speaker 1: an arena and a rapper walked into an arena, the 646 00:33:04,240 --> 00:33:06,320 Speaker 1: players would gravitate right over to the rapper and want 647 00:33:06,320 --> 00:33:08,160 Speaker 1: to have their picture, take him with him or her 648 00:33:08,600 --> 00:33:11,160 Speaker 1: and uh, And he's you know, he's got a great 649 00:33:11,160 --> 00:33:17,120 Speaker 1: business acumen and he's got a guy whose reputation is pristine, Kevin. Yeah, 650 00:33:17,320 --> 00:33:19,959 Speaker 1: Kevin Demance. He is known as a good guy and 651 00:33:20,080 --> 00:33:25,560 Speaker 1: a philanthropic guy unless you're in Oklahoma City. Yeah, yeah, yeah, 652 00:33:25,800 --> 00:33:28,400 Speaker 1: and I may I may feel differently come the playoffs 653 00:33:28,400 --> 00:33:32,120 Speaker 1: in the Yeah yeah, I was gonna say, I was 654 00:33:32,160 --> 00:33:34,440 Speaker 1: gonna say no, I mean no, you're exactly right. I 655 00:33:34,440 --> 00:33:36,880 Speaker 1: mean I've actually been reading a book about Katie recently, 656 00:33:36,960 --> 00:33:40,880 Speaker 1: and uh, it is amazing, like he is seen as 657 00:33:40,920 --> 00:33:43,720 Speaker 1: like a really like good dude and and it's it's 658 00:33:43,760 --> 00:33:47,320 Speaker 1: interesting to hear Rich talk about that and and reflect 659 00:33:47,400 --> 00:33:50,040 Speaker 1: it in terms of you know, what they choose to 660 00:33:50,080 --> 00:33:54,120 Speaker 1: do bar oh yeah, and all their media projects. And again, 661 00:33:54,280 --> 00:33:58,120 Speaker 1: I'm really impressed about cuball. I really want to see 662 00:33:58,160 --> 00:34:02,720 Speaker 1: that when when it makes its debut. And it's because 663 00:34:02,760 --> 00:34:08,440 Speaker 1: it's all about yes, people screwed up when they and 664 00:34:08,640 --> 00:34:11,759 Speaker 1: that's how they wound up in prison. But if you 665 00:34:11,800 --> 00:34:15,600 Speaker 1: can redeem yourself, that's what prison is supposed to be. 666 00:34:15,960 --> 00:34:18,920 Speaker 1: And this kind of program here seems like that's the 667 00:34:18,920 --> 00:34:21,720 Speaker 1: way it's going to work. Yeah, really really interesting interviews. 668 00:34:21,800 --> 00:34:24,800 Speaker 1: So I do check out his podcast after you listen 669 00:34:24,960 --> 00:34:30,160 Speaker 1: to ours. Of course, it feels better to be number 670 00:34:30,160 --> 00:34:32,400 Speaker 1: one than number five a number because of Mike. We 671 00:34:32,440 --> 00:34:33,839 Speaker 1: have a chance to go for three in a row, 672 00:34:33,840 --> 00:34:35,839 Speaker 1: because numbers in a good time. And let's first started 673 00:34:35,840 --> 00:34:39,280 Speaker 1: wearing the number. I was just happy in Floomberg Business 674 00:34:39,280 --> 00:34:43,080 Speaker 1: of Sports, the number of the week. All right, here 675 00:34:43,120 --> 00:34:46,640 Speaker 1: we go. We've been talking about Kevin Durant through this 676 00:34:46,719 --> 00:34:51,359 Speaker 1: whole show. My question is very simple, gentlemen. How tall 677 00:34:51,480 --> 00:35:00,360 Speaker 1: is Kevin Durant? Uh? Six eight Lynch? You know, I 678 00:35:00,400 --> 00:35:05,120 Speaker 1: remember he was possibly a lottery pick for the Celtics, 679 00:35:05,120 --> 00:35:06,680 Speaker 1: and I remember what were they're going to play him 680 00:35:06,719 --> 00:35:10,320 Speaker 1: as a swing forward or center? Uh? Close to seven ft? 681 00:35:10,719 --> 00:35:16,399 Speaker 1: I'm gonna go six ten. You know, I don't really 682 00:35:16,880 --> 00:35:20,840 Speaker 1: you know, every week I feel like I like Lynchy 683 00:35:20,920 --> 00:35:31,799 Speaker 1: less and less. Oh my godn I like there's some 684 00:35:31,880 --> 00:35:36,320 Speaker 1: sort of cabal going on here. I thought it was 685 00:35:36,360 --> 00:35:38,080 Speaker 1: going to be. You know, how much does that did 686 00:35:38,080 --> 00:35:42,680 Speaker 1: he pay for a townhouse? And yeah? Exactly, yeah, yeah, exactly, 687 00:35:43,760 --> 00:35:46,000 Speaker 1: I tell you his I mean, the we didn't get 688 00:35:46,000 --> 00:35:48,839 Speaker 1: into this with I'm just I'm just trying to like 689 00:35:48,920 --> 00:35:52,200 Speaker 1: soothe my wound here. Um. But you know, we didn't 690 00:35:52,239 --> 00:35:54,040 Speaker 1: get into as much of like the investments that they 691 00:35:54,120 --> 00:35:56,360 Speaker 1: met I mean, you know, they invest in like Postmates. 692 00:35:56,400 --> 00:36:00,360 Speaker 1: I mean, it's it's fascinating to see the ten nicles. 693 00:36:00,400 --> 00:36:02,120 Speaker 1: I think somebody I think that was the term you 694 00:36:02,239 --> 00:36:06,480 Speaker 1: used lunch earlier. So anyway, yeah, six ten, your tentacles 695 00:36:06,520 --> 00:36:09,719 Speaker 1: can go wide, go wide. That waits fan. You know 696 00:36:09,800 --> 00:36:11,760 Speaker 1: we were kids. If someone was six ten, they couldn't 697 00:36:11,840 --> 00:36:14,040 Speaker 1: dribble the ball twice without bouncing off their knee or 698 00:36:14,040 --> 00:36:16,239 Speaker 1: their foot. And this guy you know, handles it like 699 00:36:16,280 --> 00:36:19,160 Speaker 1: Marcus Haynes and the Globe drivers. You know. Yeah, a lot, 700 00:36:19,239 --> 00:36:21,480 Speaker 1: a lot of uh, a lot to look forward to. 701 00:36:21,520 --> 00:36:23,399 Speaker 1: I mean, what a time we interview to to get 702 00:36:23,520 --> 00:36:26,959 Speaker 1: rich on the day that that it's all happening for. 703 00:36:27,640 --> 00:36:29,439 Speaker 1: It's all happening for the nets. So we'll see where 704 00:36:29,480 --> 00:36:31,879 Speaker 1: that goes. Great job by a producers, it was good 705 00:36:31,920 --> 00:36:34,720 Speaker 1: get exactly. Well, you've been listening to The Bloomberg Business 706 00:36:34,760 --> 00:36:37,200 Speaker 1: of Sports. We're here each and every week at the 707 00:36:37,280 --> 00:36:40,719 Speaker 1: same time, plus online wherever you get your podcasts. Those 708 00:36:40,800 --> 00:36:44,920 Speaker 1: drop Mondays, Wednesdays and Thursdays and tune in on Monday 709 00:36:44,960 --> 00:36:47,600 Speaker 1: and check out our podcast feed as well. A special 710 00:36:47,760 --> 00:36:50,680 Speaker 1: edition for Martin Luther King Day, we catch up with 711 00:36:50,719 --> 00:36:53,000 Speaker 1: Curtis Granderson and some of the guys who put together 712 00:36:53,120 --> 00:36:58,720 Speaker 1: the Players Alliance. It is an alliance of black, former 713 00:36:58,760 --> 00:37:01,239 Speaker 1: and current Major league based all players doing some really 714 00:37:01,280 --> 00:37:05,560 Speaker 1: important work. And uh, you're gonna enjoy this conversation with Curtis, 715 00:37:05,640 --> 00:37:08,480 Speaker 1: Chris Young, Chris Dickerson as well about all the work 716 00:37:08,520 --> 00:37:10,840 Speaker 1: they're doing in the meantime. I'm Jason Kelly. Find me 717 00:37:10,840 --> 00:37:13,600 Speaker 1: on Twitter at Jason Kelly News and I'm Mike Lynch. 718 00:37:13,640 --> 00:37:16,279 Speaker 1: You can follow me at Lynch w CDB. That's right, 719 00:37:16,400 --> 00:37:19,719 Speaker 1: Lynchi our Houdini. I'm Michael Barro on Twitter at Big 720 00:37:19,760 --> 00:37:23,279 Speaker 1: Bars Sports. You're listening to Bloomberg Business of Sports from 721 00:37:23,320 --> 00:37:25,120 Speaker 1: Bloomberg Radio around the world.