1 00:00:00,080 --> 00:00:09,880 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. This is the Business 2 00:00:09,920 --> 00:00:10,680 Speaker 1: of Sports. 3 00:00:10,720 --> 00:00:14,160 Speaker 2: Sports are the greatest unscripted show owner. 4 00:00:14,040 --> 00:00:16,200 Speaker 3: The next generation of players who really grew up with 5 00:00:16,280 --> 00:00:17,600 Speaker 3: tech and believe in tech. 6 00:00:17,680 --> 00:00:20,000 Speaker 4: Your face is your ticket, your face is your wallet, 7 00:00:20,079 --> 00:00:22,280 Speaker 4: your face is your access to a club. These are 8 00:00:22,320 --> 00:00:27,080 Speaker 4: such iconic and important buildings for businesses. For fans, COVID 9 00:00:27,240 --> 00:00:29,200 Speaker 4: was one of the best things that ever happened to go. 10 00:00:29,480 --> 00:00:31,560 Speaker 5: The NFL is a bulletproof business. 11 00:00:31,680 --> 00:00:34,320 Speaker 6: Racing is unique because there is absolutely no reason why 12 00:00:34,360 --> 00:00:35,360 Speaker 6: we can't compete with the guys. 13 00:00:35,520 --> 00:00:36,440 Speaker 7: Well, it's pro pickleball? 14 00:00:36,479 --> 00:00:38,479 Speaker 8: Real, are people really going to tune into this? 15 00:00:38,680 --> 00:00:41,200 Speaker 9: If you're playing moneyball with a huge bag of money, 16 00:00:41,400 --> 00:00:42,800 Speaker 9: you're going to be really, really good. 17 00:00:42,880 --> 00:00:46,400 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. 18 00:00:47,280 --> 00:00:50,080 Speaker 7: This is the Bloomberg Business of Sports, where we explore 19 00:00:50,080 --> 00:00:52,239 Speaker 7: the big money issues in the world of sports. I'm 20 00:00:52,240 --> 00:00:56,440 Speaker 7: Michael Barr, along with my colleagues Damian Sasauur and Vanessa Berdomo. 21 00:00:57,040 --> 00:01:00,720 Speaker 7: Coming up on the show. With training camps getting underway, 22 00:01:01,080 --> 00:01:05,000 Speaker 7: we'll do a full court press on all things NBA. 23 00:01:05,120 --> 00:01:08,640 Speaker 7: We'll hear from NBA Commissioner Adam Silver, who sat down 24 00:01:08,720 --> 00:01:12,319 Speaker 7: with The Bloomberg Original's chief correspondent Jason Kelly to talk 25 00:01:12,400 --> 00:01:15,679 Speaker 7: the state of the league and the economic power of sports. 26 00:01:16,040 --> 00:01:18,959 Speaker 4: Nelson Mandela famously said, sport has the power to change 27 00:01:18,959 --> 00:01:21,400 Speaker 4: the world. I'm almost sure when he said that he 28 00:01:21,480 --> 00:01:25,080 Speaker 4: wasn't thinking of change the world from an economic standpoint. 29 00:01:25,160 --> 00:01:27,800 Speaker 4: It was more in terms of the spirit of the people. 30 00:01:28,080 --> 00:01:31,120 Speaker 4: But now jump ahead all these years to the present, 31 00:01:31,200 --> 00:01:35,800 Speaker 4: we're now on a global basis. Sports has become a 32 00:01:36,160 --> 00:01:39,200 Speaker 4: trillion dollar sector of the economy. 33 00:01:39,680 --> 00:01:44,280 Speaker 7: Plus, Damian Vanessa and our pal Bloomberg US sports business 34 00:01:44,280 --> 00:01:48,320 Speaker 7: reporter Randall Williams speak with Golden State Warrior shooting guard 35 00:01:48,640 --> 00:01:52,240 Speaker 7: Buddy Healed to get a preview of the upcoming season 36 00:01:52,280 --> 00:01:55,200 Speaker 7: and some of his off the court ventures. That's straight 37 00:01:55,200 --> 00:01:57,960 Speaker 7: ahead on the Bloomberg Business of Sports. But we start 38 00:01:58,000 --> 00:02:01,840 Speaker 7: with a special conversation I had with Milwaukee Bucks forward 39 00:02:01,960 --> 00:02:05,320 Speaker 7: Kyle Kuzma. They sat down at Sports Beach and Ken 40 00:02:05,360 --> 00:02:08,600 Speaker 7: France to talk about some of Kuzma's many business ventures. 41 00:02:08,639 --> 00:02:10,440 Speaker 7: Let's take a listen to that conversation. 42 00:02:12,160 --> 00:02:16,040 Speaker 10: I want to talk from the beginning, from your entrepreneur journey, 43 00:02:16,120 --> 00:02:19,400 Speaker 10: from your business journey. Twenty seventeen or draft into the league, 44 00:02:19,440 --> 00:02:22,120 Speaker 10: you start making money, when do those wheels start turning 45 00:02:22,160 --> 00:02:23,880 Speaker 10: about how do I save my money? Where do I 46 00:02:23,919 --> 00:02:26,200 Speaker 10: invest in? How does that work for you? When from 47 00:02:26,200 --> 00:02:26,600 Speaker 10: the start? 48 00:02:26,720 --> 00:02:28,040 Speaker 5: Right away, literally right away? 49 00:02:28,080 --> 00:02:30,800 Speaker 11: And I think that I've been very blessed and grateful 50 00:02:30,840 --> 00:02:33,080 Speaker 11: to have a lot of good, positive role models in 51 00:02:33,080 --> 00:02:37,720 Speaker 11: my life. And I think maybe not my first check, 52 00:02:37,800 --> 00:02:40,240 Speaker 11: My first check was a car, but other than that, 53 00:02:40,400 --> 00:02:43,320 Speaker 11: I think my second check went towards a real estate investment. 54 00:02:43,720 --> 00:02:46,920 Speaker 11: And I think right from then, you know, I knew 55 00:02:46,960 --> 00:02:49,560 Speaker 11: right away, especially as an athlete, you don't have that 56 00:02:49,639 --> 00:02:52,600 Speaker 11: much time to play. You know, you may have god 57 00:02:52,639 --> 00:02:56,000 Speaker 11: willing ten years, right a lot, especially for us, the 58 00:02:56,120 --> 00:02:58,880 Speaker 11: average careers three to four years. So I knew right 59 00:02:58,919 --> 00:03:01,000 Speaker 11: away that I had to be smart with my money 60 00:03:01,000 --> 00:03:03,360 Speaker 11: because it can go quit, just like our careers. 61 00:03:03,400 --> 00:03:05,560 Speaker 8: So why real estate? 62 00:03:05,600 --> 00:03:06,519 Speaker 10: Why was that the first one? 63 00:03:07,480 --> 00:03:07,840 Speaker 4: Safe? 64 00:03:08,600 --> 00:03:11,120 Speaker 11: Yeah, yeah, the safest thing, you know. I think that 65 00:03:11,240 --> 00:03:14,960 Speaker 11: for me, beyond it being safe, it's something that I'm 66 00:03:15,080 --> 00:03:15,480 Speaker 11: drawn to. 67 00:03:16,480 --> 00:03:18,600 Speaker 5: I love art, and I think architecture is. 68 00:03:18,520 --> 00:03:20,920 Speaker 11: Something that's huge to me, and I think that, like 69 00:03:20,960 --> 00:03:25,480 Speaker 11: I said, beyond the investment aspect, I'm just drawn to properties. 70 00:03:25,840 --> 00:03:27,960 Speaker 10: So the art of like the architecture, that's what you're 71 00:03:28,000 --> 00:03:29,639 Speaker 10: looking into when you're looking into. 72 00:03:29,560 --> 00:03:32,760 Speaker 11: Real estate, or sometimes for sure one hundred percent, I 73 00:03:32,760 --> 00:03:37,280 Speaker 11: think some of the real estate things I'm doing now intertwined. 74 00:03:36,760 --> 00:03:38,400 Speaker 5: With that art perspective. 75 00:03:38,880 --> 00:03:40,520 Speaker 8: So yeah, yeah, okay. 76 00:03:40,560 --> 00:03:43,520 Speaker 10: So was it a mentor that told you to get 77 00:03:43,520 --> 00:03:45,400 Speaker 10: into real estate when you first did it, or was 78 00:03:45,400 --> 00:03:47,000 Speaker 10: it just I know this is safe. 79 00:03:46,960 --> 00:03:49,080 Speaker 8: I want to go into a little bit of that. 80 00:03:49,200 --> 00:03:53,360 Speaker 11: But also I have a pretty knowledgeable financial advisor that 81 00:03:53,480 --> 00:03:55,680 Speaker 11: really kind of walked me through, you know, what investing 82 00:03:55,760 --> 00:03:59,600 Speaker 11: looks like outside of just stocks and bonds and the 83 00:03:59,640 --> 00:04:02,560 Speaker 11: stock market, and real estate was obviously one of the 84 00:04:02,600 --> 00:04:06,880 Speaker 11: things that he was knowledgeable about to put me into. 85 00:04:07,040 --> 00:04:10,200 Speaker 11: And I think that from there, from that little house 86 00:04:10,880 --> 00:04:13,560 Speaker 11: in New Jersey that I kind of renovated and flipped 87 00:04:14,000 --> 00:04:16,960 Speaker 11: to all the great things I'm doing now, I can 88 00:04:17,040 --> 00:04:22,760 Speaker 11: accredit it to that early age, you know, classroom class. 89 00:04:22,880 --> 00:04:25,839 Speaker 10: Then you in twenty twenty one, you co founded the 90 00:04:26,120 --> 00:04:29,800 Speaker 10: company Barcode, which is sports during company. Tell us about 91 00:04:29,839 --> 00:04:33,080 Speaker 10: that and why you wanted to create something there instead 92 00:04:33,080 --> 00:04:37,680 Speaker 10: of joining a being ambassador for an existing company. 93 00:04:37,920 --> 00:04:42,600 Speaker 11: Yeah, I would say I think for that perspective, Prior 94 00:04:42,680 --> 00:04:44,680 Speaker 11: to that, you know, I had a bunch of deals 95 00:04:45,600 --> 00:04:49,080 Speaker 11: being an ambassador, being influencer, whether it was you know, the 96 00:04:49,120 --> 00:04:52,360 Speaker 11: Gatorads of the world and these other drink companies, and 97 00:04:53,200 --> 00:04:57,599 Speaker 11: I wanted to do something that was, you know, my 98 00:04:57,680 --> 00:04:59,599 Speaker 11: own right. You know, I think a lot of times, 99 00:05:00,800 --> 00:05:02,839 Speaker 11: you know, in this space, and especially as an athlete, 100 00:05:02,880 --> 00:05:03,960 Speaker 11: you want to be able. 101 00:05:03,839 --> 00:05:05,120 Speaker 5: To call something your own right. 102 00:05:05,839 --> 00:05:09,240 Speaker 11: So, you know, co founding Barcode was one of my 103 00:05:09,320 --> 00:05:12,240 Speaker 11: first you know type of venture situations, getting in and 104 00:05:13,320 --> 00:05:16,000 Speaker 11: starting a company, and I learned a lot of really 105 00:05:16,080 --> 00:05:19,040 Speaker 11: valuable lessons from it. And it's a brand that's been 106 00:05:19,040 --> 00:05:23,240 Speaker 11: around for you know, five plus years and removing the chain. 107 00:05:23,320 --> 00:05:25,840 Speaker 10: So yeah, what were those early lessons that you learned 108 00:05:25,920 --> 00:05:29,200 Speaker 10: that was different for you than investing in and growing 109 00:05:29,200 --> 00:05:31,279 Speaker 10: a business, Like, what were those different things that you learned. 110 00:05:31,400 --> 00:05:34,120 Speaker 11: It's not easy. Yeah, it's definitely not easy. It's a 111 00:05:34,160 --> 00:05:35,839 Speaker 11: lot of work that goes into it. And I think 112 00:05:35,880 --> 00:05:40,480 Speaker 11: that you know, if you're starting a business, especially as 113 00:05:40,480 --> 00:05:43,040 Speaker 11: an athlete or really anybody, it's it's. 114 00:05:42,960 --> 00:05:44,120 Speaker 5: All about being in the weeds. 115 00:05:44,360 --> 00:05:48,240 Speaker 11: It's all about understanding what you're getting yourself into and. 116 00:05:49,520 --> 00:05:51,359 Speaker 5: Trying to learn as much as you can. 117 00:05:51,320 --> 00:05:56,200 Speaker 11: Because especially in like the CpG space, there's so many companies, right, 118 00:05:56,240 --> 00:06:01,800 Speaker 11: there's oversaturation in every little instance, right, So what's going 119 00:06:01,839 --> 00:06:04,400 Speaker 11: to be the difference between you and somebody else? And 120 00:06:04,440 --> 00:06:06,960 Speaker 11: I think that's you know, knowledge in a sense and 121 00:06:07,560 --> 00:06:08,480 Speaker 11: learning how to move. 122 00:06:08,760 --> 00:06:12,359 Speaker 10: How do you balance that all being so involved in 123 00:06:12,400 --> 00:06:15,640 Speaker 10: your businesses and playing at the same time, How do 124 00:06:15,680 --> 00:06:17,520 Speaker 10: you balance all of these different hats that you wear. 125 00:06:20,440 --> 00:06:23,240 Speaker 11: That's a great question. I think I love what I do. 126 00:06:23,360 --> 00:06:27,000 Speaker 11: I think I love being an entrepreneur. I love being 127 00:06:27,320 --> 00:06:31,320 Speaker 11: a basketball player first and foremost. And I have a 128 00:06:31,320 --> 00:06:34,080 Speaker 11: great team around me. I think that's the biggest thing. 129 00:06:34,120 --> 00:06:36,760 Speaker 11: If I didn't have a team around me that, you know, 130 00:06:36,880 --> 00:06:40,760 Speaker 11: could handle every little thing that I'm doing, I really 131 00:06:40,800 --> 00:06:43,560 Speaker 11: wouldn't be nothing, and I would only really be a 132 00:06:43,600 --> 00:06:44,320 Speaker 11: basketball player. 133 00:06:44,400 --> 00:06:44,560 Speaker 12: Right. 134 00:06:44,760 --> 00:06:47,039 Speaker 8: So we're in can, which is all about Rose. 135 00:06:47,600 --> 00:06:50,520 Speaker 10: But you have a tequila brand that you're a partner 136 00:06:50,560 --> 00:06:53,640 Speaker 10: with costadel so tequila. Tell me about that and how 137 00:06:53,680 --> 00:06:54,240 Speaker 10: gun involved. 138 00:06:54,360 --> 00:06:56,920 Speaker 11: Obviously a lot of times we'd like to do things 139 00:06:57,040 --> 00:07:00,719 Speaker 11: and have things for our own, right, But I'm a 140 00:07:00,760 --> 00:07:03,520 Speaker 11: basketball player and it's a little bit hard to have 141 00:07:03,640 --> 00:07:06,880 Speaker 11: my own tequila or have your own tequila. So partnering 142 00:07:07,040 --> 00:07:10,960 Speaker 11: with somebody was huge, and Costa del Soul was that 143 00:07:11,120 --> 00:07:13,240 Speaker 11: for me. You know, I think for me, it's all 144 00:07:13,280 --> 00:07:17,360 Speaker 11: about art and the storytelling of things beyond you know, 145 00:07:17,600 --> 00:07:21,440 Speaker 11: just you know, the business avenues that you can kind 146 00:07:21,480 --> 00:07:22,080 Speaker 11: of get into. 147 00:07:22,320 --> 00:07:25,360 Speaker 5: And Costello Sol is amazing. 148 00:07:25,440 --> 00:07:27,720 Speaker 11: You know, it's a tequila which I love, you know, 149 00:07:27,760 --> 00:07:32,560 Speaker 11: it's my favorite drink. And uh, the storytelling of like 150 00:07:32,640 --> 00:07:34,840 Speaker 11: you know, Mexico and tequila. 151 00:07:34,920 --> 00:07:37,720 Speaker 5: And we have an amazing co. 152 00:07:37,640 --> 00:07:40,280 Speaker 11: Founder, which is even Longoria, which is a really really 153 00:07:40,280 --> 00:07:44,240 Speaker 11: good personal friend. I really wanted to partner with them 154 00:07:44,240 --> 00:07:46,200 Speaker 11: because they know what they're doing, right. I think that's 155 00:07:46,240 --> 00:07:49,120 Speaker 11: also a big thing you should always think about when 156 00:07:51,000 --> 00:07:54,000 Speaker 11: partnering with brands or getting into things like what's under 157 00:07:54,000 --> 00:07:54,360 Speaker 11: the hood. 158 00:07:54,640 --> 00:07:56,960 Speaker 5: You know, there's so many things out there. 159 00:07:57,080 --> 00:08:02,960 Speaker 11: There's so many you know, for instance, ferraris with Honda Engines, right, 160 00:08:03,680 --> 00:08:08,600 Speaker 11: so you know, seeing Kasa, seeing where it's been from 161 00:08:08,840 --> 00:08:11,120 Speaker 11: you know, year once and now year three is is 162 00:08:11,240 --> 00:08:13,520 Speaker 11: amazing and I'm just very very happy to. 163 00:08:15,240 --> 00:08:16,120 Speaker 5: You know, be a part of it. 164 00:08:16,320 --> 00:08:19,240 Speaker 10: Yeah, and so it sounds like that intentionality also partnering 165 00:08:19,240 --> 00:08:21,800 Speaker 10: with Eva because of the trust there. Can you talk 166 00:08:21,840 --> 00:08:25,880 Speaker 10: about the whenever you go into businesses how you do 167 00:08:26,040 --> 00:08:29,000 Speaker 10: intentionally with who you're getting into business with. 168 00:08:29,160 --> 00:08:29,960 Speaker 5: One hundred percent. 169 00:08:30,080 --> 00:08:37,000 Speaker 11: You know, Eva's an amazing woman, amazing businesswoman, entrepreneur in 170 00:08:37,040 --> 00:08:40,560 Speaker 11: their own right. And I think that as an athlete, 171 00:08:40,600 --> 00:08:42,720 Speaker 11: you know, you want to be around greatness and you 172 00:08:42,760 --> 00:08:45,959 Speaker 11: want to surround yourself around successful people. And I think, 173 00:08:47,000 --> 00:08:51,360 Speaker 11: you know, even looking at Kasa, beyond Eva, you know, 174 00:08:51,600 --> 00:08:54,400 Speaker 11: there's a great infrastructure there, and I think that a 175 00:08:54,440 --> 00:08:56,679 Speaker 11: lot of times when you go into partnering and investing, 176 00:08:57,800 --> 00:08:59,840 Speaker 11: you know, beyond you know, the glitz and the glamor 177 00:08:59,880 --> 00:09:04,200 Speaker 11: of how things look or the packaging, like what's underhood 178 00:09:04,200 --> 00:09:06,640 Speaker 11: and who's operating is the most important thing, because if 179 00:09:06,640 --> 00:09:09,200 Speaker 11: you don't have that, then all the bells and whistles 180 00:09:09,240 --> 00:09:10,440 Speaker 11: are just bells and whistles. 181 00:09:10,720 --> 00:09:13,560 Speaker 10: So another thing that you're obviously very passionate about is fashion, 182 00:09:14,120 --> 00:09:17,120 Speaker 10: and your tunnel fits have become some of the most 183 00:09:17,320 --> 00:09:18,679 Speaker 10: iconic notorious ever. 184 00:09:19,200 --> 00:09:21,200 Speaker 11: I think I'm in just a much different space now, 185 00:09:21,640 --> 00:09:26,480 Speaker 11: you know. I think that fashion for me is something 186 00:09:26,520 --> 00:09:29,760 Speaker 11: that like you, like you just said, you just mentioned 187 00:09:29,760 --> 00:09:32,040 Speaker 11: that in this interview, like you know that about me, 188 00:09:32,120 --> 00:09:35,320 Speaker 11: So I don't really have to you know, overdo it 189 00:09:35,360 --> 00:09:37,240 Speaker 11: and overshow it as much, you know what I mean, 190 00:09:37,360 --> 00:09:42,000 Speaker 11: you know, because it's not It's never really been something 191 00:09:42,040 --> 00:09:44,760 Speaker 11: that's I wanted to show. And you know this is 192 00:09:44,800 --> 00:09:46,600 Speaker 11: look at me. You know, it's just I love art, 193 00:09:46,679 --> 00:09:48,840 Speaker 11: you know, beyond fashion. You know, art is here, and 194 00:09:48,840 --> 00:09:53,560 Speaker 11: then fashion is like a sub sector, right, and you know, 195 00:09:53,640 --> 00:09:55,560 Speaker 11: I just needed a break, you know. I think that 196 00:09:55,720 --> 00:09:59,640 Speaker 11: if you look at like the fashion industry, you know, 197 00:10:00,080 --> 00:10:03,440 Speaker 11: and also within athletes and sports, you know, it's a 198 00:10:03,480 --> 00:10:07,240 Speaker 11: great cohesion place and we collide and it's great and 199 00:10:07,280 --> 00:10:11,960 Speaker 11: it's great you know, symmetry. But I was just looking 200 00:10:12,559 --> 00:10:15,640 Speaker 11: for much more in the fashion space that I wasn't getting. 201 00:10:16,720 --> 00:10:17,600 Speaker 8: And what do you mean by that? 202 00:10:17,760 --> 00:10:20,320 Speaker 11: Well, you know there's so many brands that we wear, right, 203 00:10:21,440 --> 00:10:24,440 Speaker 11: it's free marketing for them. It's literally free marketing. I'll 204 00:10:24,440 --> 00:10:27,520 Speaker 11: give you a prime example. So you just talked about 205 00:10:27,520 --> 00:10:30,520 Speaker 11: tunnel fits and the pink sweater that it wore. That 206 00:10:30,600 --> 00:10:36,080 Speaker 11: was huge, that went all over the world. It had 207 00:10:36,240 --> 00:10:39,240 Speaker 11: about sixty five million impressions I think. I mean, that 208 00:10:39,320 --> 00:10:41,480 Speaker 11: was like the last thing I heard years ago about it. 209 00:10:41,520 --> 00:10:44,960 Speaker 11: But I didn't get paid for that, and I wasn't 210 00:10:44,960 --> 00:10:46,960 Speaker 11: looking to get paid for that, But that shows you 211 00:10:47,040 --> 00:10:52,160 Speaker 11: just the influence of what you know, athletes have with fashion. 212 00:10:52,760 --> 00:10:55,199 Speaker 5: That kind of goes under the rug a little bit, right, 213 00:10:55,440 --> 00:10:56,040 Speaker 5: So got. 214 00:10:55,920 --> 00:10:58,320 Speaker 10: We started off the conversation talking about how your first 215 00:10:58,440 --> 00:11:01,480 Speaker 10: investment was in real estate, how has it evolved now, 216 00:11:01,520 --> 00:11:03,720 Speaker 10: and what your portfolio looking like these days. 217 00:11:04,320 --> 00:11:08,720 Speaker 11: Uh, tremendously from just a single family flip, going from 218 00:11:08,760 --> 00:11:14,720 Speaker 11: that to you know, working with multi units into you know, 219 00:11:14,880 --> 00:11:21,600 Speaker 11: investing into I mean pretty much ecosystems and resorts. You know, 220 00:11:21,920 --> 00:11:25,520 Speaker 11: I partner with a good, great friend of mine access 221 00:11:25,520 --> 00:11:29,880 Speaker 11: real estate, and you know, we really try to find 222 00:11:30,000 --> 00:11:34,200 Speaker 11: properties and locations that are like, you know, really like 223 00:11:34,280 --> 00:11:36,839 Speaker 11: once in a lifetime and things that you really can't touch, 224 00:11:37,120 --> 00:11:40,840 Speaker 11: you know what I mean, whether it's PGA National and 225 00:11:40,880 --> 00:11:44,839 Speaker 11: Palm Beach Gardens right, the Arizona builtmore that is an 226 00:11:44,960 --> 00:11:51,080 Speaker 11: unbelievable property landmark culturally in Arizona. Those are the things 227 00:11:51,080 --> 00:11:53,240 Speaker 11: that like I'm really into, you know when I speak 228 00:11:53,240 --> 00:11:57,719 Speaker 11: about the art aspect and obviously the investment part that 229 00:11:57,960 --> 00:12:01,440 Speaker 11: is also very very important. Those are the things that 230 00:12:01,480 --> 00:12:05,160 Speaker 11: I'm really looking into that really really excite me. 231 00:12:06,240 --> 00:12:09,360 Speaker 7: That's Kyle Kuzma forward for the Milwaukee Bucks speaking with 232 00:12:09,400 --> 00:12:13,520 Speaker 7: our Vanessa Perdomo at Sport Beach in can France. Up next, 233 00:12:13,559 --> 00:12:16,880 Speaker 7: we stick with basketball and we hear from another NBA player, 234 00:12:17,040 --> 00:12:19,520 Speaker 7: Buddy Hill of the Golden State Warriors. 235 00:12:19,640 --> 00:12:20,320 Speaker 12: That's been fun. 236 00:12:20,600 --> 00:12:22,880 Speaker 6: You know, those guys are being tremendous to be able 237 00:12:22,920 --> 00:12:25,000 Speaker 6: to learn from Steve, Steph, you know, from the front 238 00:12:25,040 --> 00:12:27,600 Speaker 6: office to the owners, I mean, to the fan base. 239 00:12:27,640 --> 00:12:31,040 Speaker 6: Everybody's being great to work with. I can't speak one. 240 00:12:31,160 --> 00:12:33,840 Speaker 6: I can speak wonders of those guys, especially Steph, Dre 241 00:12:33,920 --> 00:12:38,200 Speaker 6: and Jimmy. They're opening arms as as as a little brothers, 242 00:12:38,440 --> 00:12:41,839 Speaker 6: uh being big brothers to me, and I just can 243 00:12:42,520 --> 00:12:45,480 Speaker 6: talk about how much I'm so much impressible their leadership 244 00:12:45,520 --> 00:12:47,800 Speaker 6: and how they can go over their day and their 245 00:12:47,840 --> 00:12:50,760 Speaker 6: lives and their family, their businesses and how it is. 246 00:12:51,120 --> 00:12:52,120 Speaker 6: And they just enjoyed to me. 247 00:12:52,200 --> 00:12:56,079 Speaker 7: Working with You're listening to the Bloomberg Business of Sports 248 00:12:56,080 --> 00:12:58,679 Speaker 7: from Bloomberg Radio around the world. 249 00:13:04,240 --> 00:13:08,240 Speaker 1: This is Bloomberg Business of Sports from Bloomberg Radio. 250 00:13:10,360 --> 00:13:12,800 Speaker 7: This is the Bloomberg Business of sports. If we explore 251 00:13:12,800 --> 00:13:15,520 Speaker 7: the big money issues in the world of sports. Michael Barr, 252 00:13:16,120 --> 00:13:20,199 Speaker 7: we are talking all things NBA today with training camps 253 00:13:20,520 --> 00:13:25,479 Speaker 7: just getting underway. My colleagues Damien Sassauer, Vanessa Perdomo and Bloomberg. 254 00:13:25,559 --> 00:13:29,600 Speaker 7: US sports business reporter Randall Williams sat down with Golden 255 00:13:29,679 --> 00:13:33,600 Speaker 7: State Warriors shooting guard Buddy Healed for a look ahead 256 00:13:33,720 --> 00:13:37,040 Speaker 7: to the upcoming NBA season, plus to talk about some 257 00:13:37,120 --> 00:13:39,800 Speaker 7: of his business ventures off the court. Let's take a 258 00:13:39,840 --> 00:13:41,040 Speaker 7: listen to that conversation. 259 00:13:42,760 --> 00:13:45,439 Speaker 2: You know, what's it like to play with Steph dra Green, 260 00:13:45,600 --> 00:13:47,640 Speaker 2: I mean, Jimmy Butler, I mean, what are your chances 261 00:13:47,679 --> 00:13:48,160 Speaker 2: this year? Howard? 262 00:13:48,200 --> 00:13:50,440 Speaker 12: Thing's looking It's been. It's been great. 263 00:13:50,440 --> 00:13:53,079 Speaker 6: And just being a being, a being, able to be 264 00:13:53,120 --> 00:13:57,960 Speaker 6: a sponge, you know, and open arms. Great organization you know, 265 00:13:57,960 --> 00:14:00,160 Speaker 6: of course of what they've done in the past and 266 00:14:00,200 --> 00:14:03,079 Speaker 6: when they're and where there's the and the quest that's 267 00:14:03,080 --> 00:14:06,319 Speaker 6: still on to get to another championship. 268 00:14:06,559 --> 00:14:08,440 Speaker 12: You know, it's being fun. Uh. 269 00:14:08,920 --> 00:14:11,280 Speaker 6: You know, those guys are being tremendous, just be able 270 00:14:11,280 --> 00:14:13,320 Speaker 6: to learn from Steve, Steph, you know, from the front 271 00:14:13,400 --> 00:14:15,960 Speaker 6: office and the owners, I mean, uh, to the fan base. 272 00:14:16,000 --> 00:14:17,280 Speaker 12: Everybody's being great to work with. 273 00:14:18,160 --> 00:14:21,000 Speaker 6: I can't speak one, I can speak wonders about those guys, 274 00:14:21,080 --> 00:14:24,640 Speaker 6: especially Steph Dre and Jimmy. Uh, they're opening arms as 275 00:14:24,640 --> 00:14:28,040 Speaker 6: a as as a little brothers, uh being big brothers 276 00:14:28,040 --> 00:14:32,840 Speaker 6: to me, and uh, I just can just talk about 277 00:14:32,840 --> 00:14:35,320 Speaker 6: how much I'm so much impressed about their leadership and 278 00:14:35,320 --> 00:14:37,560 Speaker 6: how they can go over their day and uh their 279 00:14:37,560 --> 00:14:40,440 Speaker 6: lives and their family, their businesses and how they just 280 00:14:40,840 --> 00:14:42,280 Speaker 6: and they just enjoyed to be working with. 281 00:14:43,000 --> 00:14:44,600 Speaker 8: But I love how you're saying that. 282 00:14:44,640 --> 00:14:46,920 Speaker 10: You know, you're saying that you're a Sponge and you're 283 00:14:47,000 --> 00:14:49,240 Speaker 10: learning so much from them. But you're not new to 284 00:14:49,280 --> 00:14:50,960 Speaker 10: this league either, right, You've been You've been in the 285 00:14:51,040 --> 00:14:51,840 Speaker 10: league for a while. 286 00:14:51,920 --> 00:14:53,960 Speaker 8: You've played on a bunch of different organizations. 287 00:14:54,280 --> 00:14:57,680 Speaker 10: So how would you compare your experience here and how 288 00:14:57,720 --> 00:15:00,680 Speaker 10: you're still able to learn as someone who has been 289 00:15:00,720 --> 00:15:01,480 Speaker 10: in the league for a while. 290 00:15:02,040 --> 00:15:05,040 Speaker 6: You know it because it's so crazy, like coming the league, 291 00:15:05,080 --> 00:15:07,800 Speaker 6: I've only been on I've been on a few veteran teams. 292 00:15:07,840 --> 00:15:10,200 Speaker 6: And I guess when I was in New Orleans, Uh, 293 00:15:10,640 --> 00:15:12,400 Speaker 6: when I first get drafted, I was only there for 294 00:15:12,440 --> 00:15:14,600 Speaker 6: three months and I got traded a Sacramento. And then 295 00:15:14,600 --> 00:15:15,960 Speaker 6: when I get the Sacramento, I was the king of 296 00:15:16,040 --> 00:15:17,400 Speaker 6: young team and I was like the oldest on the 297 00:15:17,480 --> 00:15:19,840 Speaker 6: team because they found all the older guys. But I 298 00:15:19,880 --> 00:15:22,560 Speaker 6: was able to learn from like Zach Brando's George Hill 299 00:15:23,440 --> 00:15:26,640 Speaker 6: z Bo, you know. And after Harrison Bonds came around 300 00:15:26,640 --> 00:15:28,560 Speaker 6: and I learned from Harrison Bonds how to ta take care 301 00:15:28,560 --> 00:15:30,960 Speaker 6: of myself and how to like work and I and 302 00:15:30,960 --> 00:15:33,160 Speaker 6: then after that I went to Indiana and it was 303 00:15:33,240 --> 00:15:35,080 Speaker 6: just you know, a bunch around a young team again, 304 00:15:35,440 --> 00:15:37,280 Speaker 6: but I had a veteran coach at Riccardo out and 305 00:15:37,360 --> 00:15:39,760 Speaker 6: after I get traded Philly, and. 306 00:15:39,720 --> 00:15:41,320 Speaker 12: Then after that it was just not there long. 307 00:15:41,400 --> 00:15:42,840 Speaker 6: But I was able to like when I got to 308 00:15:42,840 --> 00:15:44,760 Speaker 6: the Warriors, I was able to like just you know, 309 00:15:44,880 --> 00:15:47,000 Speaker 6: as I got older, they picked their breeds and see 310 00:15:47,040 --> 00:15:48,840 Speaker 6: how they go with him, go by their days and 311 00:15:48,920 --> 00:15:51,080 Speaker 6: how they go up with their lives and from the 312 00:15:51,240 --> 00:15:53,960 Speaker 6: teacher to carry themselves on the court off the court. 313 00:15:54,160 --> 00:15:56,000 Speaker 6: So I was more about the Sponge because you know, 314 00:15:56,080 --> 00:15:58,760 Speaker 6: the playing the Warriors, and I'm seeing the Warriors like 315 00:15:58,800 --> 00:16:00,400 Speaker 6: you know, like you know, they do everything. You know, 316 00:16:00,440 --> 00:16:03,640 Speaker 6: they won four championships. So me coming there is like yo, 317 00:16:03,760 --> 00:16:05,840 Speaker 6: like it's something specially with this group, and I want 318 00:16:05,920 --> 00:16:07,760 Speaker 6: to get to know what makes them so special? 319 00:16:08,160 --> 00:16:12,960 Speaker 13: Buddy, you have experienced a lot in terms of the 320 00:16:13,040 --> 00:16:15,840 Speaker 13: contracts and the business of the NBA. It's changed a 321 00:16:15,840 --> 00:16:19,000 Speaker 13: lot over the years. What is the biggest difference between 322 00:16:19,000 --> 00:16:22,600 Speaker 13: when you entered the NBA and how it stands today 323 00:16:22,600 --> 00:16:25,840 Speaker 13: based on I'd say a couple of collective bargaining agreementstead 324 00:16:25,880 --> 00:16:26,560 Speaker 13: have been agree to. 325 00:16:27,240 --> 00:16:29,560 Speaker 6: You sed to learn how to adapt and endure the 326 00:16:30,160 --> 00:16:33,160 Speaker 6: contracts and uh, just be smart and hard to like 327 00:16:33,480 --> 00:16:35,680 Speaker 6: handle yourself, take care of your money and just set 328 00:16:35,720 --> 00:16:37,080 Speaker 6: your money up for the future, you know. 329 00:16:37,160 --> 00:16:39,040 Speaker 12: And as you you. 330 00:16:39,000 --> 00:16:40,880 Speaker 6: Know, come the league, you know, like they reach it, 331 00:16:41,000 --> 00:16:42,720 Speaker 6: like you know, like you get to try to get 332 00:16:42,760 --> 00:16:44,640 Speaker 6: to the ten year ten years, you know, because ten 333 00:16:44,720 --> 00:16:47,720 Speaker 6: years is like full fully insured everything. But like it's 334 00:16:47,800 --> 00:16:49,720 Speaker 6: also just managing your money too. And you know, just 335 00:16:49,800 --> 00:16:52,080 Speaker 6: you know, because your family, you have, you got the 336 00:16:52,080 --> 00:16:53,960 Speaker 6: things you want to do, and you have a lot 337 00:16:54,000 --> 00:16:55,560 Speaker 6: of business avengers. 338 00:16:55,120 --> 00:16:56,960 Speaker 12: You want to do and you're trying to find the right. 339 00:16:56,880 --> 00:16:58,840 Speaker 6: Business deal to be And so you can set yourself 340 00:16:58,920 --> 00:17:01,960 Speaker 6: life because you know that I was making these texts 341 00:17:02,000 --> 00:17:04,960 Speaker 6: and it will not last for long. So just taking courses, 342 00:17:05,400 --> 00:17:07,919 Speaker 6: learning from the vet, knowing what's good to go in, 343 00:17:08,000 --> 00:17:10,960 Speaker 6: what is not going to and sometimes learning from experience too. 344 00:17:10,960 --> 00:17:12,800 Speaker 6: You might go in something that you want to try 345 00:17:12,840 --> 00:17:14,280 Speaker 6: and it might not work out, but you learn from 346 00:17:14,280 --> 00:17:16,840 Speaker 6: experience the next time that you go in something that 347 00:17:16,880 --> 00:17:19,960 Speaker 6: you're more educated and you're more ready for the challenge. 348 00:17:20,040 --> 00:17:21,520 Speaker 2: Buddy, I'd like to ask you a little bit about 349 00:17:21,520 --> 00:17:23,760 Speaker 2: what you're doing off the court here, specifically the work 350 00:17:23,800 --> 00:17:26,960 Speaker 2: you've done with basketball clinics in places like NASA. I 351 00:17:26,960 --> 00:17:29,520 Speaker 2: know your Bohemian you know, Wichita, Kansas. I know you 352 00:17:29,560 --> 00:17:32,879 Speaker 2: went there during high school. I believe in California, you know. 353 00:17:33,040 --> 00:17:34,639 Speaker 2: Talk to us a little bit about that. You know, 354 00:17:34,720 --> 00:17:38,680 Speaker 2: the foundation, you know Hurricane Dorian, you know in twenty nineteen, 355 00:17:38,760 --> 00:17:40,640 Speaker 2: you know it hit the Bahamas, all that you did 356 00:17:40,680 --> 00:17:42,760 Speaker 2: for that community, talk to us a little bit about 357 00:17:42,800 --> 00:17:43,360 Speaker 2: all of that. 358 00:17:43,680 --> 00:17:45,679 Speaker 6: I'm a guy, I'm big on my country, you know, 359 00:17:45,720 --> 00:17:48,800 Speaker 6: and I feel that, you know, everybody's investing in everything else, 360 00:17:48,800 --> 00:17:51,040 Speaker 6: but I think I'm I'm investing in my country. You know, 361 00:17:51,119 --> 00:17:53,840 Speaker 6: it was the Bahamas because I think there there's a 362 00:17:53,880 --> 00:17:55,960 Speaker 6: lot of kids that are in need, you know, and 363 00:17:56,200 --> 00:17:57,879 Speaker 6: where does it come my pocket or not. I just 364 00:17:57,880 --> 00:17:59,840 Speaker 6: hope they're just trying to invest in them and try 365 00:17:59,920 --> 00:18:03,040 Speaker 6: to uh help the youth and get back to the 366 00:18:03,240 --> 00:18:05,320 Speaker 6: and there was like a hurricane situation where it was 367 00:18:05,359 --> 00:18:08,600 Speaker 6: like categoric catastrophic hurricanes where it's damaged to island and uh, 368 00:18:09,400 --> 00:18:11,480 Speaker 6: families don't have a chance to get back on their feet, 369 00:18:11,520 --> 00:18:13,399 Speaker 6: you know, and just help them with groceries and stuff 370 00:18:13,400 --> 00:18:16,080 Speaker 6: like that, the little needs that can like take them 371 00:18:16,080 --> 00:18:18,639 Speaker 6: for people with like medical builds stuff that. I just 372 00:18:18,680 --> 00:18:20,719 Speaker 6: try to like bench off and help as much as 373 00:18:20,720 --> 00:18:23,400 Speaker 6: I can, and especially the youth with basketball. I try 374 00:18:23,440 --> 00:18:26,840 Speaker 6: to help out the basketball clinics. I bring bring two 375 00:18:26,880 --> 00:18:30,000 Speaker 6: are groups over here every summer they come to Dallas, 376 00:18:30,640 --> 00:18:32,439 Speaker 6: I take them over around in America. 377 00:18:32,480 --> 00:18:34,440 Speaker 12: They can play travel basketball. 378 00:18:33,960 --> 00:18:38,119 Speaker 6: And uh, just to get experienced situation they didn't have before. 379 00:18:39,000 --> 00:18:40,640 Speaker 12: Over they're craving and what they want. 380 00:18:40,680 --> 00:18:42,640 Speaker 6: And because I know when I was as little, I 381 00:18:42,720 --> 00:18:45,280 Speaker 6: really wanted to like do travel ball. I wanted to, like, 382 00:18:45,680 --> 00:18:48,440 Speaker 6: you know, everybody knows America is the goal to come 383 00:18:48,480 --> 00:18:50,840 Speaker 6: to do you want to play basketball, So I know 384 00:18:50,920 --> 00:18:52,080 Speaker 6: how hard it was for. 385 00:18:51,960 --> 00:18:52,520 Speaker 12: Me to get there. 386 00:18:52,520 --> 00:18:54,520 Speaker 6: So I was just trying to make it just as 387 00:18:54,600 --> 00:18:58,000 Speaker 6: easy for those kids to have a chance to pursue 388 00:18:58,040 --> 00:19:00,240 Speaker 6: their dreams, you know. And uh, and just ye we 389 00:19:00,280 --> 00:19:02,240 Speaker 6: had like eight kids that got scholarship this year. So 390 00:19:02,800 --> 00:19:05,880 Speaker 6: hopefully we can keep on building and hopefully I can 391 00:19:07,000 --> 00:19:09,320 Speaker 6: expand more in the Bahamas. And my goal is to 392 00:19:09,320 --> 00:19:14,560 Speaker 6: the buildiam museums and build career centers to help those kids. 393 00:19:14,600 --> 00:19:17,920 Speaker 12: And where does that you basketball? Where is to education? 394 00:19:18,119 --> 00:19:22,159 Speaker 6: Where does be and doctors, lawyers trying to like kickstart 395 00:19:22,240 --> 00:19:24,280 Speaker 6: them to like digging to pursue their dreams. 396 00:19:24,440 --> 00:19:26,480 Speaker 10: I love how you talked about that there and talked 397 00:19:26,480 --> 00:19:29,320 Speaker 10: about how when you were little, like you always wanted 398 00:19:29,320 --> 00:19:30,640 Speaker 10: to be able to play travel ball, and you want 399 00:19:30,680 --> 00:19:32,439 Speaker 10: to do all these things and you're really trying to 400 00:19:32,480 --> 00:19:34,480 Speaker 10: give back to the Bahamas now. 401 00:19:34,760 --> 00:19:36,679 Speaker 8: I mean right now in the NBA, we're seeing. 402 00:19:36,400 --> 00:19:38,800 Speaker 10: More international players than we ever have, and you know, 403 00:19:38,960 --> 00:19:40,960 Speaker 10: I feel like we're all hoping for a Team World 404 00:19:41,080 --> 00:19:42,159 Speaker 10: versus Team USA. 405 00:19:42,480 --> 00:19:43,440 Speaker 8: You know, all start game. 406 00:19:43,920 --> 00:19:46,639 Speaker 10: But in terms of how you grew up and in 407 00:19:46,720 --> 00:19:48,440 Speaker 10: terms of growing up with the Bahamas and then coming 408 00:19:48,480 --> 00:19:50,840 Speaker 10: to the US for high school, how is your journey 409 00:19:51,320 --> 00:19:54,919 Speaker 10: coming from outside the US to becoming an NBA player? 410 00:19:55,119 --> 00:19:56,720 Speaker 12: To me, it's something I always want to do. 411 00:19:56,760 --> 00:19:58,119 Speaker 6: I was always a kid that I always like to 412 00:19:58,160 --> 00:20:01,000 Speaker 6: avenge you off, always want to do things my way 413 00:20:01,040 --> 00:20:03,879 Speaker 6: and it wasn't be different. And UH always was a 414 00:20:03,960 --> 00:20:05,600 Speaker 6: kid that you know, a couple of Bahamas. You have 415 00:20:05,960 --> 00:20:08,399 Speaker 6: four hundred thousand people. You know, it's impossible for you 416 00:20:08,440 --> 00:20:10,399 Speaker 6: to go to America and play basketball and make it 417 00:20:10,400 --> 00:20:12,320 Speaker 6: the MBA because it's not really normal. You had your 418 00:20:12,359 --> 00:20:14,879 Speaker 6: Michael Thompson hood, did it, Rick Fox, But if you 419 00:20:14,920 --> 00:20:17,040 Speaker 6: look at statistics, it's not really normal, you know. And 420 00:20:17,240 --> 00:20:19,320 Speaker 6: I had a lot of people that say, like I'm crazy, 421 00:20:19,359 --> 00:20:22,320 Speaker 6: but like Mike crazy, was like I prove myself right 422 00:20:22,359 --> 00:20:24,720 Speaker 6: that it can't be done, you know. And it was funny. 423 00:20:24,720 --> 00:20:24,879 Speaker 12: You know. 424 00:20:24,920 --> 00:20:27,000 Speaker 6: I love the journey. I love the grind. I loved 425 00:20:27,080 --> 00:20:28,199 Speaker 6: the the. 426 00:20:28,760 --> 00:20:31,359 Speaker 12: Bad days I had. It was more bad than good days. 427 00:20:31,400 --> 00:20:33,800 Speaker 6: But I know that when you figured out, you know, 428 00:20:33,920 --> 00:20:36,520 Speaker 6: it's it's always like light the end of the tunnel. 429 00:20:36,600 --> 00:20:38,679 Speaker 12: So I was I was happy. You know. 430 00:20:38,800 --> 00:20:41,320 Speaker 6: My mom I grew up with a household with seven kids, 431 00:20:41,359 --> 00:20:44,520 Speaker 6: and my mom was sp very spiritual, and I told 432 00:20:44,560 --> 00:20:46,040 Speaker 6: her this is what I wanted to do, and she 433 00:20:46,119 --> 00:20:48,920 Speaker 6: supported and she's always been supported all my whole life. 434 00:20:49,440 --> 00:20:51,399 Speaker 6: And she was never forceful of to me I couldn't 435 00:20:51,440 --> 00:20:53,920 Speaker 6: do things, and UH, and my family always had my back, 436 00:20:53,960 --> 00:20:56,120 Speaker 6: you know, and I just wanted to come to America 437 00:20:56,160 --> 00:20:57,800 Speaker 6: and I pursue my dreams. And I know when I 438 00:20:57,840 --> 00:21:00,320 Speaker 6: did that, I can open up bluggates for more kids 439 00:21:00,320 --> 00:21:02,120 Speaker 6: and make them believe that they can be done. 440 00:21:02,280 --> 00:21:05,040 Speaker 13: But with you having the AAU teams and doing the 441 00:21:05,080 --> 00:21:07,159 Speaker 13: work that you're doing in the U sports space, you 442 00:21:07,200 --> 00:21:08,359 Speaker 13: would have happened. 443 00:21:08,400 --> 00:21:08,600 Speaker 8: You. 444 00:21:08,600 --> 00:21:11,840 Speaker 13: You definitely would have seen the way that basketball culture 445 00:21:11,880 --> 00:21:15,720 Speaker 13: has changed since NIL. What is that like comparing to 446 00:21:15,800 --> 00:21:17,960 Speaker 13: what it was like when you were in school to 447 00:21:18,040 --> 00:21:19,480 Speaker 13: what kids are looking at right now. 448 00:21:19,920 --> 00:21:21,880 Speaker 6: That's a good question, man, because I was just telling 449 00:21:21,920 --> 00:21:25,560 Speaker 6: my kids that this summer that the NIL is tremendously 450 00:21:25,920 --> 00:21:26,359 Speaker 6: teaged the. 451 00:21:26,359 --> 00:21:27,040 Speaker 12: Whole game, you know. 452 00:21:27,080 --> 00:21:29,520 Speaker 6: And I tell them that they're paying kids now, but 453 00:21:30,080 --> 00:21:33,040 Speaker 6: really like they're paying all the kids now because now 454 00:21:33,040 --> 00:21:34,879 Speaker 6: it's becoming more of a business, you know. And I 455 00:21:35,320 --> 00:21:37,920 Speaker 6: telling them from my AU program, like for my Behaming kids, 456 00:21:37,960 --> 00:21:40,600 Speaker 6: I was like, Yo, it's actually much more harder to 457 00:21:40,600 --> 00:21:43,200 Speaker 6: get into college basketball. It's it's not easy it used 458 00:21:43,200 --> 00:21:46,879 Speaker 6: to be because now like coaches universities, they wanted to 459 00:21:46,880 --> 00:21:49,240 Speaker 6: pay all the kids because they everybody for winning, and 460 00:21:49,280 --> 00:21:52,200 Speaker 6: we don't win like coaches lose their job like they're 461 00:21:52,200 --> 00:21:53,800 Speaker 6: trying to find the best product to be or they're 462 00:21:53,840 --> 00:21:55,600 Speaker 6: the best part of that is much more ready and 463 00:21:56,040 --> 00:21:56,840 Speaker 6: they want all the kids. 464 00:21:56,840 --> 00:21:57,920 Speaker 12: They're not really coming from the. 465 00:21:57,880 --> 00:22:00,560 Speaker 6: High school unless you're like a five are who four 466 00:22:00,560 --> 00:22:01,199 Speaker 6: stars recruit and. 467 00:22:01,200 --> 00:22:02,600 Speaker 12: They're going to try to help the relevue. 468 00:22:02,720 --> 00:22:06,000 Speaker 6: But so it's more harder for international kids to get in. 469 00:22:06,240 --> 00:22:07,880 Speaker 6: So you got to be one of one. You gotta 470 00:22:07,880 --> 00:22:10,159 Speaker 6: be special. You gotta bring something to the table that 471 00:22:10,200 --> 00:22:12,560 Speaker 6: they need because there's a lot of kids in America 472 00:22:12,640 --> 00:22:14,080 Speaker 6: that can do the same thing you're doing. So I'm 473 00:22:14,119 --> 00:22:15,960 Speaker 6: preaching it every day. So you have to bring something. 474 00:22:16,000 --> 00:22:18,600 Speaker 6: You got to be coachable, you gotta be reliable, You 475 00:22:18,720 --> 00:22:21,040 Speaker 6: got to bring some type of you gotta bring some 476 00:22:21,080 --> 00:22:23,639 Speaker 6: type of energy that that that is replaced, that is 477 00:22:23,720 --> 00:22:25,440 Speaker 6: unreplaceable that the coach is like, you know, I need 478 00:22:25,440 --> 00:22:28,160 Speaker 6: that kid. So so it's light in the smark under 479 00:22:28,200 --> 00:22:30,520 Speaker 6: these kids and Bahamas and U and I think it 480 00:22:30,520 --> 00:22:32,800 Speaker 6: can be done. But the NFL, it's changed the whole game. 481 00:22:32,840 --> 00:22:35,720 Speaker 6: And uh, but this is where we live in and 482 00:22:35,840 --> 00:22:38,199 Speaker 6: uh and it's exciting times and then you can get 483 00:22:38,200 --> 00:22:39,280 Speaker 6: paid for being a college student. 484 00:22:39,480 --> 00:22:40,080 Speaker 12: I'm all for it. 485 00:22:40,200 --> 00:22:43,000 Speaker 13: How do you advise, uh, some of these athletes who 486 00:22:43,280 --> 00:22:45,600 Speaker 13: can get paid nil money but may not be able 487 00:22:45,600 --> 00:22:47,640 Speaker 13: to go to the NBA, Like there's you know, there's 488 00:22:47,680 --> 00:22:49,960 Speaker 13: but there are sixty players that are essentially selected in 489 00:22:50,000 --> 00:22:54,080 Speaker 13: every NBA draft and even less international players. But there's 490 00:22:54,119 --> 00:22:55,640 Speaker 13: a lot of players who stand to make a lot 491 00:22:55,640 --> 00:22:57,400 Speaker 13: of money in nil. What do you tell them when 492 00:22:57,400 --> 00:23:00,280 Speaker 13: it's like, look like I can make let's say seventy 493 00:23:00,320 --> 00:23:03,240 Speaker 13: five thousand dollars a semester and I may not be 494 00:23:03,280 --> 00:23:05,320 Speaker 13: able to go to the to the NBA. What is 495 00:23:05,400 --> 00:23:07,040 Speaker 13: you how do you advise them? 496 00:23:07,440 --> 00:23:10,880 Speaker 6: Take the money, take the money, take the money and 497 00:23:10,920 --> 00:23:11,680 Speaker 6: build yourself. 498 00:23:12,200 --> 00:23:14,360 Speaker 12: Take the money and save the money and build your business. 499 00:23:14,920 --> 00:23:16,840 Speaker 6: Uh, try to take care of your family as much 500 00:23:16,840 --> 00:23:20,000 Speaker 6: as you can. Uh, because in reality, if you don't 501 00:23:20,040 --> 00:23:22,800 Speaker 6: call us play maximum six years, right, let's say six 502 00:23:22,880 --> 00:23:25,000 Speaker 6: years because you know because as jew code and if 503 00:23:25,000 --> 00:23:26,200 Speaker 6: you go to jew cod, it's like you have two 504 00:23:26,240 --> 00:23:28,240 Speaker 6: years and you said your four years. And if you 505 00:23:28,240 --> 00:23:30,840 Speaker 6: can make about the rough free kid can make up 506 00:23:30,840 --> 00:23:32,879 Speaker 6: about four hundred five hundreds. 507 00:23:32,920 --> 00:23:35,320 Speaker 12: The better ones makes like a million plus. 508 00:23:35,520 --> 00:23:37,439 Speaker 6: But if you can make in that range and take yourself, 509 00:23:37,440 --> 00:23:39,280 Speaker 6: if you look at the business side of it. If 510 00:23:39,280 --> 00:23:41,960 Speaker 6: you go to Europe, right, you're not likely to get 511 00:23:41,960 --> 00:23:45,480 Speaker 6: a seventy five thousand contract up back unless you're good, 512 00:23:45,880 --> 00:23:47,760 Speaker 6: you know. And there's guys that they're still making money. 513 00:23:47,800 --> 00:23:51,600 Speaker 6: So like, take advantage of the nil, try to support 514 00:23:51,680 --> 00:23:55,760 Speaker 6: you and your family and bill off that, build equity 515 00:23:55,760 --> 00:23:58,200 Speaker 6: off that. And that's going to be a crazy cause, kid, 516 00:23:58,200 --> 00:24:00,680 Speaker 6: and let's be spending it all about doing all kinds 517 00:24:00,680 --> 00:24:01,800 Speaker 6: of crazy things in the. 518 00:24:01,680 --> 00:24:02,359 Speaker 12: Cars and stuff. 519 00:24:02,400 --> 00:24:06,600 Speaker 6: Because it's not worth it, you know, So just invested 520 00:24:06,760 --> 00:24:10,400 Speaker 6: in the right way, uh, and just build it, because 521 00:24:11,200 --> 00:24:13,680 Speaker 6: if you're spending four years and colleges, most likely you're 522 00:24:13,720 --> 00:24:14,200 Speaker 6: not going to make it. 523 00:24:14,240 --> 00:24:15,800 Speaker 2: An MBA, I just want to talk to you for 524 00:24:15,880 --> 00:24:17,600 Speaker 2: some of the athletes who have come out of Muhammas, 525 00:24:17,720 --> 00:24:21,200 Speaker 2: starting with Michael Thompson. He was the first NBA pick 526 00:24:21,280 --> 00:24:23,159 Speaker 2: overall back in the eighties. You know, he played for 527 00:24:23,200 --> 00:24:25,920 Speaker 2: the Showtime Lagers. He's a Bohemian, you know, right down 528 00:24:25,960 --> 00:24:29,760 Speaker 2: to Isaiah Mobley or Gordon and now DeAndre Ayton and VJ. Edgecombe, 529 00:24:29,760 --> 00:24:31,960 Speaker 2: these new young up and comers, right, I mean, are 530 00:24:31,960 --> 00:24:34,399 Speaker 2: you in contact with them? Are you in contact with 531 00:24:34,440 --> 00:24:37,400 Speaker 2: Bohemian athletes of all like, just what do you guys 532 00:24:37,480 --> 00:24:39,240 Speaker 2: all stay in touch? I mean, what's the connection there? 533 00:24:39,480 --> 00:24:42,240 Speaker 6: Yeah, we have a whole group chat in the national team, 534 00:24:42,280 --> 00:24:44,520 Speaker 6: so we always tapping in me always, so we're telling 535 00:24:44,520 --> 00:24:47,880 Speaker 6: everybody happy birthday. Vj's always calling me. I'm calling him, 536 00:24:48,160 --> 00:24:50,560 Speaker 6: checking on him. He actually called me like a couple 537 00:24:50,600 --> 00:24:53,520 Speaker 6: of days ago when he's in Philly, you know, just 538 00:24:53,520 --> 00:24:55,680 Speaker 6: because I was in Philly and I was like connecting 539 00:24:55,720 --> 00:24:57,119 Speaker 6: all the coaches and I tell him to make sure 540 00:24:57,160 --> 00:24:58,120 Speaker 6: you'll take care of my little bro. 541 00:25:00,040 --> 00:25:01,520 Speaker 12: I talked to d A all the time, you know. 542 00:25:01,680 --> 00:25:01,760 Speaker 5: Uh. 543 00:25:01,960 --> 00:25:04,560 Speaker 6: And I'm happy with his new his new gig with 544 00:25:04,640 --> 00:25:06,840 Speaker 6: the Lakers. I'm excited for him, you know. And we 545 00:25:06,920 --> 00:25:09,720 Speaker 6: all say we all family, we brothers and uh because 546 00:25:09,720 --> 00:25:11,800 Speaker 6: we always see each other do good and we always 547 00:25:11,960 --> 00:25:13,960 Speaker 6: represent the Mhamas and trying to keep Mombas on the map. 548 00:25:14,119 --> 00:25:16,920 Speaker 7: That was Buddy Healed shooting guard for the Golden State 549 00:25:16,960 --> 00:25:21,240 Speaker 7: Warriors with my colleagues Damian Sasauur, Vanessa Perdomo, and Bloomberg 550 00:25:21,400 --> 00:25:24,879 Speaker 7: US sports business reporter Randall Williams. Up next, we hear 551 00:25:24,960 --> 00:25:29,280 Speaker 7: from NBA Commissioner Adam Silver live from the twenty twenty 552 00:25:29,280 --> 00:25:34,720 Speaker 7: five Bloomberg Philanthropies Global Forum in New York City. That's 553 00:25:34,760 --> 00:25:38,000 Speaker 7: straight ahead on the Bloomberg Business of Sports. I'm Michael Barr. 554 00:25:38,080 --> 00:25:40,879 Speaker 7: You are listening to the Bloomberg Business of Sports from 555 00:25:40,920 --> 00:25:42,639 Speaker 7: Bloomberg Radio around the world. 556 00:25:54,160 --> 00:25:58,159 Speaker 1: This is Bloomberg Business of Sports from Bloomberg Radio. 557 00:25:59,400 --> 00:26:01,040 Speaker 7: Thanks for joining. I think I saw in the Bloomberg 558 00:26:01,080 --> 00:26:03,480 Speaker 7: Business of Sports where we explored the big money issues 559 00:26:03,480 --> 00:26:04,560 Speaker 7: in the world of sports. 560 00:26:04,760 --> 00:26:05,439 Speaker 5: Michael Barr. 561 00:26:05,840 --> 00:26:10,399 Speaker 7: Recently, friend of the show, Bloomberg Original's chief correspondent Jason Kelly, 562 00:26:10,640 --> 00:26:14,040 Speaker 7: sat down with NBA Commissioner Adam Silver at the twenty 563 00:26:14,119 --> 00:26:19,119 Speaker 7: twenty five Bloomberg Philanthropies Global Forum alongside the United Nations 564 00:26:19,200 --> 00:26:22,720 Speaker 7: General Assembly in New York to discuss how sports can 565 00:26:22,800 --> 00:26:26,080 Speaker 7: be an economic and business catalyst. Let's take a listen. 566 00:26:27,640 --> 00:26:31,520 Speaker 3: This is a room of people who invest and lead, 567 00:26:32,200 --> 00:26:34,960 Speaker 3: and I would love for you to help them understand 568 00:26:35,400 --> 00:26:38,840 Speaker 3: how sports can be an economic and business catalyst. 569 00:26:39,680 --> 00:26:43,280 Speaker 4: Well, thanks, Jason, and wonderful to see all of you. 570 00:26:43,240 --> 00:26:46,920 Speaker 4: You know, Mike Bloomberg began this morning by saying, we're 571 00:26:46,960 --> 00:26:49,600 Speaker 4: all here to change the world, and I know you 572 00:26:49,640 --> 00:26:52,440 Speaker 4: and I were doing something with a group of African 573 00:26:52,480 --> 00:26:55,840 Speaker 4: investors earlier this morning, and many of you aware that 574 00:26:55,960 --> 00:26:58,880 Speaker 4: Nelson Mandela famously said sport has the power to change 575 00:26:58,880 --> 00:27:01,280 Speaker 4: the world. I'm almost sure when he said that he 576 00:27:01,400 --> 00:27:04,920 Speaker 4: wasn't thinking of change the world from an economic standpoint. 577 00:27:05,080 --> 00:27:07,679 Speaker 4: It was more in terms of the spirit of the people. 578 00:27:07,960 --> 00:27:10,960 Speaker 4: But now jump ahead all these years to the present, 579 00:27:11,040 --> 00:27:15,640 Speaker 4: we're now on a global basis. Sports has become a 580 00:27:15,960 --> 00:27:21,439 Speaker 4: trillion dollar sector of the economy. And it's because, in 581 00:27:21,440 --> 00:27:27,320 Speaker 4: addition to the human connections that come from sports, the 582 00:27:27,800 --> 00:27:31,760 Speaker 4: enormous goodwill, the empathy we build from very different cultures, 583 00:27:32,280 --> 00:27:35,639 Speaker 4: that it has become an economic engine, and not just 584 00:27:35,720 --> 00:27:40,359 Speaker 4: the teams themselves, but for our sport. The arena development, right, 585 00:27:40,400 --> 00:27:42,000 Speaker 4: and many of you are familiar with it in the 586 00:27:42,119 --> 00:27:45,280 Speaker 4: United States where think of that La Live is really 587 00:27:45,359 --> 00:27:48,320 Speaker 4: where it began, where it's not just the arena, but 588 00:27:48,440 --> 00:27:54,480 Speaker 4: it's a commercial development, residential, retail, et cetera. And increasingly 589 00:27:54,840 --> 00:27:59,160 Speaker 4: going into areas of cities that are in badly need 590 00:27:59,160 --> 00:28:03,520 Speaker 4: of investment. And then these teams become anchor tenants and 591 00:28:03,560 --> 00:28:07,359 Speaker 4: then often these arenas will have, you know, two hundred 592 00:28:07,359 --> 00:28:11,600 Speaker 4: and fifty separate events or so so standalone great businesses 593 00:28:12,040 --> 00:28:15,440 Speaker 4: what we were saying earlier today around Africa, for example, 594 00:28:15,880 --> 00:28:19,240 Speaker 4: I would say that's one continent where they have not 595 00:28:19,480 --> 00:28:23,959 Speaker 4: experienced the level of sport investment as other places in 596 00:28:24,000 --> 00:28:26,400 Speaker 4: the world. But on the other hand, I mean, it's 597 00:28:26,520 --> 00:28:30,440 Speaker 4: just an amazing data point that the un is estimating 598 00:28:30,600 --> 00:28:34,239 Speaker 4: in just twenty five years from now, forty percent of 599 00:28:34,280 --> 00:28:36,280 Speaker 4: the young people in the world will live in Africa. 600 00:28:37,040 --> 00:28:41,520 Speaker 4: And so we see as the NBA an amazing opportunity 601 00:28:41,960 --> 00:28:45,680 Speaker 4: to build the sport there, to build an arena, infrastructure, 602 00:28:46,080 --> 00:28:49,240 Speaker 4: and we've now you know, we've credit to David Stern, 603 00:28:49,400 --> 00:28:54,120 Speaker 4: my predecessor, who back in two thousand and one said 604 00:28:54,160 --> 00:28:57,200 Speaker 4: we need to plant a flag in Africa. We opened 605 00:28:57,200 --> 00:29:00,600 Speaker 4: an office in South Africa. You know, we we now 606 00:29:00,640 --> 00:29:04,600 Speaker 4: have five offices in Africa, and roughly six years ago 607 00:29:04,800 --> 00:29:08,320 Speaker 4: we created a league in Africa called Basketball Africa League 608 00:29:08,880 --> 00:29:12,160 Speaker 4: because we saw that opportunity to build the sport and 609 00:29:12,200 --> 00:29:14,120 Speaker 4: build economic development as well. 610 00:29:14,480 --> 00:29:19,240 Speaker 3: And so how does that work From this, I'm fascinated 611 00:29:19,280 --> 00:29:22,280 Speaker 3: by this nexus of sort of investment and sport and 612 00:29:23,280 --> 00:29:27,160 Speaker 3: where the investment opportunities are. You're going to sell franchises 613 00:29:27,320 --> 00:29:30,320 Speaker 3: in Africa. I believe we've seen that be a very 614 00:29:30,400 --> 00:29:33,720 Speaker 3: successful business here in the United States. You know Claire 615 00:29:33,760 --> 00:29:36,240 Speaker 3: whose I was with us, what she and Joe have done, 616 00:29:36,480 --> 00:29:39,080 Speaker 3: you know with the nets and the liberty. You know, 617 00:29:39,440 --> 00:29:43,320 Speaker 3: these are multi multi billion dollar businesses. Do you see 618 00:29:43,800 --> 00:29:47,680 Speaker 3: the potential for multi billion dollar franchises eventually at other 619 00:29:47,680 --> 00:29:48,600 Speaker 3: places around the world? 620 00:29:48,920 --> 00:29:51,720 Speaker 4: I do. I mean, I'll come to clearly. In Europe, 621 00:29:51,720 --> 00:29:54,959 Speaker 4: for example, well, there are multi billion dollar franchises, you know. 622 00:29:55,200 --> 00:30:00,320 Speaker 4: Just return to Africa for a second. I think over time, absolutely, 623 00:30:00,360 --> 00:30:04,000 Speaker 4: there's no reason that those franchises shouldn't have the same 624 00:30:04,040 --> 00:30:07,480 Speaker 4: global values you see franchise in the United States and 625 00:30:07,800 --> 00:30:10,000 Speaker 4: you do in Europe. I would say, in the shorter term, 626 00:30:10,360 --> 00:30:13,080 Speaker 4: millions of dollars of value, no question behind these teams. 627 00:30:13,080 --> 00:30:15,960 Speaker 4: But a growth investment, right, but a growth investment. So 628 00:30:16,680 --> 00:30:20,120 Speaker 4: we have a partnership. Our federation is FEBA, you know, 629 00:30:20,200 --> 00:30:23,320 Speaker 4: and so they are partners in Africa. And what we 630 00:30:23,360 --> 00:30:27,600 Speaker 4: did in terms of this initial launch of the league, 631 00:30:27,720 --> 00:30:32,000 Speaker 4: we took existing clubs and those clubs are playing as 632 00:30:32,040 --> 00:30:35,040 Speaker 4: part of this Basketball Africa League. So our plan has 633 00:30:35,080 --> 00:30:40,200 Speaker 4: always been once we established that we arena, construction has began. 634 00:30:40,320 --> 00:30:44,440 Speaker 4: And in Rwanda, you know, President Kagami in Kagali, we 635 00:30:44,480 --> 00:30:48,200 Speaker 4: have a state of the art arena there. Senegal, Johannesburg, 636 00:30:48,400 --> 00:30:51,520 Speaker 4: we see enormous opportunity to build additional arenas. And the 637 00:30:51,560 --> 00:30:55,000 Speaker 4: thought is now that rather than take these existing clubs 638 00:30:55,400 --> 00:30:58,280 Speaker 4: that we are going to market with an opportunity to 639 00:30:58,360 --> 00:31:03,960 Speaker 4: sell twelve franchise is twelve newly minted franchises with the 640 00:31:04,040 --> 00:31:08,320 Speaker 4: opportunity to build an arena complex with those franchises, again 641 00:31:08,680 --> 00:31:13,360 Speaker 4: presuming the arena becomes the anchor tenant for that for 642 00:31:13,440 --> 00:31:18,280 Speaker 4: that arena. And then as we talk to other entertainment 643 00:31:19,520 --> 00:31:24,560 Speaker 4: properties that a lot of touring acts. If they can 644 00:31:24,600 --> 00:31:28,480 Speaker 4: then go to the continent and tour, you know, the 645 00:31:28,520 --> 00:31:31,640 Speaker 4: economy's changed, right as opposed to a one off event 646 00:31:31,720 --> 00:31:34,360 Speaker 4: in legos or whatever else or into car. If you 647 00:31:34,400 --> 00:31:36,760 Speaker 4: can then come and you know, you can tour through 648 00:31:36,800 --> 00:31:40,520 Speaker 4: several cities in eighteen thousand person arenas, that changes the 649 00:31:40,520 --> 00:31:41,720 Speaker 4: economics for them as well. 650 00:31:41,760 --> 00:31:44,360 Speaker 3: And as you said, these sort of ecosystems that grow 651 00:31:44,440 --> 00:31:48,080 Speaker 3: up around the arenas themselves. You know, you think about Alilive, 652 00:31:48,160 --> 00:31:50,280 Speaker 3: you think about what you know, we're with Grant Hill 653 00:31:50,320 --> 00:31:53,560 Speaker 3: earlier today, the investment that he's doing with Tony Wrestler 654 00:31:53,640 --> 00:31:56,320 Speaker 3: and Richard Wrestler down Atlanta around Centennial Yards. 655 00:31:56,560 --> 00:31:59,880 Speaker 5: We've seen it in Milwaukee. Milwaukee is a great event 656 00:32:00,200 --> 00:32:03,720 Speaker 5: as well. Let's talk about Europe of late. 657 00:32:03,760 --> 00:32:06,360 Speaker 3: You have been talking a lot about expansion. What does 658 00:32:06,400 --> 00:32:09,240 Speaker 3: that look like and how do you that's not sort 659 00:32:09,240 --> 00:32:10,840 Speaker 3: of a greenfield situation. 660 00:32:10,960 --> 00:32:12,040 Speaker 5: There are existing teams. 661 00:32:12,360 --> 00:32:15,800 Speaker 3: How do you sort of merge into and create something 662 00:32:15,840 --> 00:32:18,320 Speaker 3: that's complementary to the existing infrastructure there. 663 00:32:18,880 --> 00:32:22,600 Speaker 4: Right, So what we're looking at in Europe, again completely 664 00:32:22,640 --> 00:32:26,680 Speaker 4: independent from Africa, is that there's a very strong sport 665 00:32:26,760 --> 00:32:32,240 Speaker 4: infrastructure there, largely built around soccer, the football obviously they're 666 00:32:32,280 --> 00:32:35,520 Speaker 4: called soccer to make it easier, and rugby and other sports. 667 00:32:35,600 --> 00:32:41,280 Speaker 4: But basketball is the second most played sport in the 668 00:32:41,320 --> 00:32:45,040 Speaker 4: world after soccer, and is highly developed in Europe. I mean, 669 00:32:45,480 --> 00:32:49,360 Speaker 4: you know, several of our most recent MVPs our European 670 00:32:50,680 --> 00:32:54,600 Speaker 4: you know, think of you know, uh Luka Doncic, right, 671 00:32:54,960 --> 00:32:58,680 Speaker 4: you know, you know, Yokich, et cetera. I mean there's 672 00:32:58,680 --> 00:33:01,920 Speaker 4: there's a you know, Victor wim Andy, I mean, huge 673 00:33:01,960 --> 00:33:06,600 Speaker 4: stars you know coming now out of Europe, and enormous 674 00:33:06,600 --> 00:33:09,760 Speaker 4: amount of basketball being played in Europe, and there is. 675 00:33:10,280 --> 00:33:14,720 Speaker 4: There are country leagues, and there's something called the euro League, 676 00:33:14,720 --> 00:33:17,560 Speaker 4: which is a pan European league, and it's something you know. 677 00:33:17,600 --> 00:33:19,920 Speaker 4: I've been with the NBA for over thirty years and 678 00:33:20,520 --> 00:33:23,840 Speaker 4: while we're a huge Olympic sport and said enormous development 679 00:33:23,880 --> 00:33:27,480 Speaker 4: of players, in some cases more sophisticated development systems than 680 00:33:27,560 --> 00:33:32,320 Speaker 4: the United States in terms of developing multi faceted talented players. 681 00:33:32,760 --> 00:33:36,680 Speaker 4: From a commercial standpoint, we haven't seen the kind of 682 00:33:37,080 --> 00:33:40,120 Speaker 4: development you've seen in particularly the United States. There are 683 00:33:40,160 --> 00:33:44,600 Speaker 4: not many state of the art arenas in Europe. It's like, 684 00:33:44,720 --> 00:33:48,000 Speaker 4: even for those who were over in Paris last summer 685 00:33:48,040 --> 00:33:51,520 Speaker 4: for the Olympics, we have fantastic basketball competition in the 686 00:33:51,520 --> 00:33:52,960 Speaker 4: bear se Arena in Paris. 687 00:33:53,280 --> 00:33:53,800 Speaker 12: It was. 688 00:33:56,400 --> 00:34:00,560 Speaker 4: They revitalized it to a certain extent for the Olympics. 689 00:34:00,760 --> 00:34:04,120 Speaker 4: But if you're in the industry, everything seems fine if 690 00:34:04,120 --> 00:34:06,280 Speaker 4: you're in the seats and watching the competition on the floor, 691 00:34:06,600 --> 00:34:10,560 Speaker 4: but it doesn't have the suites, the restaurants, the back 692 00:34:10,600 --> 00:34:14,200 Speaker 4: of house room to do larger events. And that's Paris. 693 00:34:14,200 --> 00:34:18,560 Speaker 4: Of course, London has the two which has been a 694 00:34:18,600 --> 00:34:21,840 Speaker 4: great advancement in Europe, but that arena is now already 695 00:34:22,320 --> 00:34:25,160 Speaker 4: old and they're looking at a new development. So we 696 00:34:25,200 --> 00:34:27,960 Speaker 4: think there's the opportunity to go in in the major 697 00:34:28,000 --> 00:34:33,400 Speaker 4: European capitals again with a joint proposition both arena development, 698 00:34:33,600 --> 00:34:36,799 Speaker 4: a multi use facility and all the opportunities around it. 699 00:34:37,040 --> 00:34:40,080 Speaker 4: But then too, a little different than Africa, we think 700 00:34:40,080 --> 00:34:43,080 Speaker 4: there's opportunity both to create new teams in some cases 701 00:34:43,440 --> 00:34:48,360 Speaker 4: take existing franchises. Often in Europe it's they'll think of 702 00:34:48,400 --> 00:34:50,200 Speaker 4: it like college sports in the United States. 703 00:34:50,400 --> 00:34:50,799 Speaker 7: You have. 704 00:34:53,360 --> 00:34:56,960 Speaker 4: Soccer paired with other sports, all under the same brand. 705 00:34:57,760 --> 00:35:00,600 Speaker 4: Real Madrid has great basketball. FC Barcelona's great basketball, but 706 00:35:00,640 --> 00:35:03,400 Speaker 4: of course they're known for their soccer, you know, Albat Berlin. 707 00:35:03,480 --> 00:35:07,600 Speaker 4: How you look around Europe. So we're also talking to 708 00:35:08,080 --> 00:35:12,399 Speaker 4: some existing clubs about the opportunity to then bring their 709 00:35:12,440 --> 00:35:15,040 Speaker 4: teams into this new league, but also in certain markets 710 00:35:15,120 --> 00:35:16,160 Speaker 4: create brand new teams. 711 00:35:16,239 --> 00:35:18,759 Speaker 3: All right, so less than a minute to go as 712 00:35:18,840 --> 00:35:21,360 Speaker 3: you look out, I mean, is it do you envision 713 00:35:21,400 --> 00:35:24,160 Speaker 3: sort of one global league where there is like players 714 00:35:24,200 --> 00:35:27,279 Speaker 3: moving around or is it sort of a confederation of 715 00:35:27,760 --> 00:35:28,520 Speaker 3: related leagues. 716 00:35:28,960 --> 00:35:31,960 Speaker 4: It's a great question, I think. Initially, I think confederation 717 00:35:32,080 --> 00:35:35,400 Speaker 4: is the perfect word. I mean, I can imagine certainly 718 00:35:35,440 --> 00:35:39,319 Speaker 4: initially in Europe that for example, we have something we 719 00:35:39,400 --> 00:35:41,600 Speaker 4: call the NBA Cup of Mid Season tournament. You could 720 00:35:41,600 --> 00:35:46,600 Speaker 4: imagine teams Europe, potentially Africa competing in that tournament. You 721 00:35:46,680 --> 00:35:50,080 Speaker 4: possibly could see teams coming into our playoffs top seeds 722 00:35:50,719 --> 00:35:53,760 Speaker 4: from other leagues. But over time, I think, for example, 723 00:35:54,239 --> 00:35:58,120 Speaker 4: certainly in Europe, as plane travel gets faster, it's sort 724 00:35:58,120 --> 00:36:00,279 Speaker 4: of went backwards with the elimination of the concord. But 725 00:36:00,440 --> 00:36:03,520 Speaker 4: I'm reading all the time about more opportunities at aviation. 726 00:36:04,040 --> 00:36:05,640 Speaker 4: You know, when I think of the flight from New 727 00:36:05,719 --> 00:36:08,799 Speaker 4: York to la for example, there's no reason if we 728 00:36:08,880 --> 00:36:11,360 Speaker 4: had four teams in Europe, you know, you couldn't travel 729 00:36:11,400 --> 00:36:14,400 Speaker 4: play you know, the Knicks or Nets travel to London, 730 00:36:14,520 --> 00:36:17,359 Speaker 4: play three four times in Europe, come back home. 731 00:36:17,400 --> 00:36:19,160 Speaker 7: So I think it's very doable in our league. That 732 00:36:19,239 --> 00:36:21,960 Speaker 7: was NBA Commissioner Adam Silver on stage at the twenty 733 00:36:22,000 --> 00:36:26,239 Speaker 7: twenty five Bloomberg PHILANTHROPYECE Global Form with our very own 734 00:36:26,320 --> 00:36:30,440 Speaker 7: Jason Kelly. Jason Kelly is Bloomberg Original Chief correspondent and 735 00:36:30,520 --> 00:36:34,000 Speaker 7: co host of the Deal with Alex Rodriguez. Find that 736 00:36:34,080 --> 00:36:38,400 Speaker 7: on Apple, Spotify and all your favorite podcast platforms, and 737 00:36:38,560 --> 00:36:42,080 Speaker 7: while you're there, find the Bloomberg Business of Sports podcast 738 00:36:42,200 --> 00:36:45,040 Speaker 7: and subscribe to that too. Now we focus on the 739 00:36:45,160 --> 00:36:48,399 Speaker 7: NBA for the entire show, but we have to mention 740 00:36:48,520 --> 00:36:51,560 Speaker 7: at least one big story in the NFL. The New 741 00:36:51,560 --> 00:36:54,279 Speaker 7: England Patriots have reached an agreement to sell an eight 742 00:36:54,320 --> 00:36:58,640 Speaker 7: percent stake in the NFL franchise at evaluation exceeding nine 743 00:36:58,960 --> 00:37:03,160 Speaker 7: billion dollars. Sportico reports the buyers are Sixth Street and 744 00:37:03,280 --> 00:37:08,480 Speaker 7: billionaire Dean Metropolis. For insight, Bloomberg Intelligence hosts Paul Sweeney 745 00:37:08,520 --> 00:37:11,680 Speaker 7: and Scarlett Foo spoke with sporticos Kurt Battenhausen. 746 00:37:11,840 --> 00:37:15,560 Speaker 9: We've been told that the Patriots are planning on really 747 00:37:15,600 --> 00:37:19,760 Speaker 9: putting this money back into the franchise. The Craft family, 748 00:37:20,239 --> 00:37:23,160 Speaker 9: led by Robert Craft Jonathan Kraft, owned one hundred percent 749 00:37:23,200 --> 00:37:25,920 Speaker 9: of the team before this and will maintain more than 750 00:37:25,960 --> 00:37:29,000 Speaker 9: ninety percent of the franchise before this. And so this 751 00:37:29,040 --> 00:37:32,960 Speaker 9: is again a way to create some liquidity that can 752 00:37:33,000 --> 00:37:35,319 Speaker 9: be again some people take it and use it for 753 00:37:35,360 --> 00:37:37,920 Speaker 9: personal use. We've been told the Patriots are going to 754 00:37:37,960 --> 00:37:40,799 Speaker 9: put this back into the franchise. And for the Patriots, 755 00:37:40,920 --> 00:37:43,680 Speaker 9: the Patriots are more than just an NFL team. They 756 00:37:43,719 --> 00:37:47,680 Speaker 9: have of course, Patriot Place around them, one point three 757 00:37:48,120 --> 00:37:54,360 Speaker 9: million square feet mixed use residential development that has dining 758 00:37:54,440 --> 00:38:01,480 Speaker 9: in retail, shopping, entertainment district. That really set the model 759 00:38:01,560 --> 00:38:04,200 Speaker 9: for other teams to follow in the NFL in terms 760 00:38:04,200 --> 00:38:05,320 Speaker 9: of mixed use developments. 761 00:38:05,400 --> 00:38:06,919 Speaker 12: So they also own a. 762 00:38:06,840 --> 00:38:09,560 Speaker 9: Major league soccer team, which is not part of this deal, 763 00:38:09,880 --> 00:38:13,680 Speaker 9: New England Revolution. They've been searching for a new stadium 764 00:38:14,120 --> 00:38:15,880 Speaker 9: for a long time and are trying to do something 765 00:38:16,200 --> 00:38:18,080 Speaker 9: in the Boston area at Sporticos. 766 00:38:18,160 --> 00:38:21,759 Speaker 7: Kurt Batnausen speaking with Paul Sweeney and Scarlett Food live 767 00:38:22,040 --> 00:38:25,239 Speaker 7: on Bloomberg Radio earlier this week. That does it for 768 00:38:25,280 --> 00:38:28,880 Speaker 7: this week's show for my colleagues, Damian Zassauer, Vanessa Perdomo, 769 00:38:29,160 --> 00:38:32,880 Speaker 7: and a special thank you to Randall Williams and Jason Kelly. 770 00:38:33,080 --> 00:38:35,879 Speaker 7: I'm Michael Barr. Thanks for joining us. Tune in again 771 00:38:35,920 --> 00:38:38,200 Speaker 7: next week for the latest on the stories moving big 772 00:38:38,239 --> 00:38:40,840 Speaker 7: old money in the world of sports. You're listening to 773 00:38:41,080 --> 00:38:44,920 Speaker 7: the Bloomberg Business of Sports and Bloomberg Radio around the world.