1 00:00:02,520 --> 00:00:10,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. This is the Business 2 00:00:10,039 --> 00:00:10,640 Speaker 1: of Sports. 3 00:00:10,680 --> 00:00:13,560 Speaker 2: The business of sports can be intimidating or hard for 4 00:00:13,600 --> 00:00:14,520 Speaker 2: a starting to break into. 5 00:00:14,680 --> 00:00:17,680 Speaker 3: We really appreciate when our owners are actually there, you know, 6 00:00:17,760 --> 00:00:18,840 Speaker 3: with us through the journey. 7 00:00:18,880 --> 00:00:22,440 Speaker 4: Teams ours especially have been very intentional to diversify at 8 00:00:22,440 --> 00:00:23,200 Speaker 4: all levels. 9 00:00:22,920 --> 00:00:23,400 Speaker 5: Of the company. 10 00:00:23,480 --> 00:00:25,880 Speaker 6: I think we're in bolden years for the NFL and 11 00:00:26,040 --> 00:00:26,720 Speaker 6: college football. 12 00:00:26,760 --> 00:00:29,800 Speaker 5: Our demographic reach has continued to explode. 13 00:00:29,920 --> 00:00:33,560 Speaker 4: This is going to be really unlocking the streaming platform 14 00:00:33,640 --> 00:00:34,880 Speaker 4: for sports fans. 15 00:00:34,680 --> 00:00:36,080 Speaker 7: Sports evaluations arising. 16 00:00:36,159 --> 00:00:37,120 Speaker 6: We'll see when they peak. 17 00:00:37,200 --> 00:00:39,839 Speaker 2: You don't have to be the best in your sports 18 00:00:39,840 --> 00:00:42,760 Speaker 2: to make a whole ton of money. 19 00:00:42,880 --> 00:00:46,040 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. 20 00:00:47,560 --> 00:00:50,120 Speaker 2: This is the Bloomberg Business of Sports where we explore 21 00:00:50,120 --> 00:00:52,640 Speaker 2: the big money issues in the world of sports. Michael 22 00:00:52,720 --> 00:00:56,320 Speaker 2: Barr along with my colleagues Damian Sasawer and Scarlett Food. 23 00:00:56,760 --> 00:00:59,280 Speaker 2: It's a special edition of the show today as we 24 00:00:59,360 --> 00:01:02,840 Speaker 2: get ready for the big game on Sunday night, the 25 00:01:02,880 --> 00:01:06,560 Speaker 2: Philadelphia Eagles and Kansas City Chiefs will face off in 26 00:01:06,760 --> 00:01:09,840 Speaker 2: Super Bowl fifty nine. Will take you down to New 27 00:01:09,959 --> 00:01:14,240 Speaker 2: Orleans where our colleagues Jason Kelly, Vanessa Perdomo, and Randall 28 00:01:14,280 --> 00:01:17,840 Speaker 2: Williams got to sit down with several big names in 29 00:01:17,840 --> 00:01:20,760 Speaker 2: the world of sports. We'll hear some of their conversations, 30 00:01:20,760 --> 00:01:24,080 Speaker 2: including one with a guy pretty familiar with playing in 31 00:01:24,120 --> 00:01:27,200 Speaker 2: the Big Game Hall of Fame, quarterback Joe Montana. 32 00:01:27,480 --> 00:01:29,800 Speaker 8: I think going international is fun. I mean, we only 33 00:01:29,840 --> 00:01:33,319 Speaker 8: went for preseason when I was playing, but I think 34 00:01:33,360 --> 00:01:36,679 Speaker 8: playing games for real it's a lot more meaningful than 35 00:01:36,680 --> 00:01:38,959 Speaker 8: it's better for the fans of that country. 36 00:01:39,160 --> 00:01:41,560 Speaker 2: All that and more is on a special edition of 37 00:01:41,600 --> 00:01:44,640 Speaker 2: The Bloomberg Business of Sports. But first we bring in 38 00:01:44,720 --> 00:01:48,240 Speaker 2: a longtime friend of the show, Amy Trask. She's former 39 00:01:48,400 --> 00:01:52,400 Speaker 2: CEO of the then Oakland Raiders and she's an analyst 40 00:01:52,440 --> 00:01:56,120 Speaker 2: for CBS Sports. Amy, welcome back to the Bloomberg Business 41 00:01:56,120 --> 00:01:57,840 Speaker 2: of Sports. Thank you for joining us. 42 00:01:58,360 --> 00:02:02,360 Speaker 9: It is my tremendous honor and great pleasure to do so. 43 00:02:02,640 --> 00:02:06,559 Speaker 9: We are big, big, big bloomber of fans in this house. 44 00:02:07,040 --> 00:02:10,360 Speaker 2: Oh, thank you, thank you. And you know what, I 45 00:02:10,400 --> 00:02:14,000 Speaker 2: remember the last time we talked, we had so much fun. 46 00:02:14,639 --> 00:02:16,760 Speaker 2: So I got to ask you again. I'm just going 47 00:02:16,840 --> 00:02:19,880 Speaker 2: to give you the easiest question and then we can 48 00:02:19,880 --> 00:02:23,080 Speaker 2: get into some more business Super Bowl fifty nine Kansas 49 00:02:23,120 --> 00:02:26,440 Speaker 2: City Chiefs or the Philadelphia Eagles. 50 00:02:26,680 --> 00:02:30,720 Speaker 9: Your thoughts, Well, that's not the easiest question, but you 51 00:02:30,840 --> 00:02:33,240 Speaker 9: did pitch it slow and easy across the plate, to 52 00:02:33,360 --> 00:02:36,600 Speaker 9: use a baseball metaphor. I don't have a prediction, and 53 00:02:36,639 --> 00:02:40,440 Speaker 9: the reason for that is these are two very, very 54 00:02:40,480 --> 00:02:47,360 Speaker 9: good teams. The matchups are phenomenally interesting. Philadelphia's offensive line 55 00:02:47,440 --> 00:02:52,000 Speaker 9: versus Kansas City's defense, two great quarterbacks. Of course, Saquon 56 00:02:52,240 --> 00:02:55,000 Speaker 9: is a tremendous addition to the Eagles. I don't have 57 00:02:55,040 --> 00:02:58,239 Speaker 9: a prediction. I do have a preference. 58 00:02:57,760 --> 00:02:59,440 Speaker 2: If you would like that, Yes, it is. 59 00:03:00,080 --> 00:03:02,440 Speaker 9: Many will find this strange, given that I spent almost 60 00:03:02,480 --> 00:03:05,800 Speaker 9: thirty years with the Raiders, but I want the Chiefs 61 00:03:05,840 --> 00:03:08,840 Speaker 9: to win. And there are two reasons. I'm an AFC girl. 62 00:03:09,120 --> 00:03:12,400 Speaker 9: I spent my entire career in the NFL in the 63 00:03:12,440 --> 00:03:16,360 Speaker 9: AFC with the Raiders, so I always lean AFC. Some 64 00:03:16,400 --> 00:03:18,760 Speaker 9: people think it's odd to root for what was my 65 00:03:18,840 --> 00:03:22,440 Speaker 9: divisional rival, but my view is that if your divisional 66 00:03:22,560 --> 00:03:24,760 Speaker 9: rival wins it all, it shows how good and how 67 00:03:24,760 --> 00:03:28,120 Speaker 9: competitive and how hard your division is. The other reason 68 00:03:28,200 --> 00:03:31,760 Speaker 9: is a very very sentimental reason. I started my career 69 00:03:31,800 --> 00:03:34,640 Speaker 9: with the Raiders in the mid eighties. When I walked 70 00:03:34,639 --> 00:03:37,880 Speaker 9: into my first NFL owners meeting, I was the only 71 00:03:37,960 --> 00:03:42,000 Speaker 9: woman in that room. And notwithstanding that, when I entered 72 00:03:42,040 --> 00:03:44,800 Speaker 9: the league and entered that league meeting, the Raiders in 73 00:03:44,800 --> 00:03:48,680 Speaker 9: the league were already embroiled in a very significant business dispute. 74 00:03:48,960 --> 00:03:52,280 Speaker 9: One of the very very first people to walk over 75 00:03:52,680 --> 00:03:56,440 Speaker 9: and welcome me and offer me his support and encouragement 76 00:03:57,040 --> 00:04:00,560 Speaker 9: was Lamar Hunt, the owner of the Chiefs, and Lamar 77 00:04:00,720 --> 00:04:04,000 Speaker 9: and his wife Norma, and their son Clark, who now 78 00:04:04,080 --> 00:04:07,120 Speaker 9: is in charge of the Chiefs, offered me support and 79 00:04:07,240 --> 00:04:11,160 Speaker 9: encouragement throughout my career. So I am for that sentimental 80 00:04:11,200 --> 00:04:13,200 Speaker 9: reason as well hoping that the Chiefs win. 81 00:04:13,360 --> 00:04:15,880 Speaker 4: That is a great reason to root for the Chiefs. 82 00:04:15,920 --> 00:04:18,360 Speaker 4: And you know that phrase you mentioned, the only woman 83 00:04:18,400 --> 00:04:20,320 Speaker 4: in the room. I feel like that's something that you 84 00:04:20,360 --> 00:04:23,720 Speaker 4: can apply to when describing so much of your experience 85 00:04:24,320 --> 00:04:27,400 Speaker 4: when you're in the front offices of the NFL. We hear, 86 00:04:27,560 --> 00:04:30,320 Speaker 4: according to punch Bow, that President Trump will be attending 87 00:04:30,360 --> 00:04:33,719 Speaker 4: the Super Bowl this weekend, and we also know that 88 00:04:33,720 --> 00:04:35,479 Speaker 4: there's going to be a lot of security efforts just 89 00:04:35,520 --> 00:04:38,080 Speaker 4: in general because of the New Year's attack in the 90 00:04:38,120 --> 00:04:40,880 Speaker 4: city of New Orleans. I'm curious to get your take 91 00:04:40,920 --> 00:04:43,840 Speaker 4: on whether you think there's going to be tension around 92 00:04:44,200 --> 00:04:47,640 Speaker 4: DEI issues with Trump now attending the Super Bowl. Roger Goodell, 93 00:04:47,760 --> 00:04:50,520 Speaker 4: the commissioner of the NFL, has made it clear that 94 00:04:50,680 --> 00:04:54,320 Speaker 4: he thinks DEI has been good for the NFL. We 95 00:04:54,440 --> 00:04:57,160 Speaker 4: know that the President feels otherwise about DEI and has 96 00:04:57,200 --> 00:05:00,599 Speaker 4: made his points in several instances. I think that that's 97 00:05:00,600 --> 00:05:01,400 Speaker 4: going to come to a head. 98 00:05:01,640 --> 00:05:04,000 Speaker 9: I don't know if it will come to a head 99 00:05:04,200 --> 00:05:08,360 Speaker 9: on Super Bowl Sunday. My hunch is, you know, I 100 00:05:08,400 --> 00:05:10,279 Speaker 9: was going to say, my hunches it won't that everyone 101 00:05:10,320 --> 00:05:12,679 Speaker 9: will be focused on the game. But I stopped myself 102 00:05:12,720 --> 00:05:15,400 Speaker 9: as I was about to say that, because, as you 103 00:05:15,480 --> 00:05:19,600 Speaker 9: well know, nowadays, different topics come up at times we 104 00:05:19,640 --> 00:05:23,440 Speaker 9: wouldn't expect them as to the topic you raised. I 105 00:05:23,520 --> 00:05:28,040 Speaker 9: owe my entire career to the fact that I worked 106 00:05:28,040 --> 00:05:32,200 Speaker 9: for a man who hired without regard to race, or 107 00:05:32,400 --> 00:05:37,600 Speaker 9: gender or any other individuality, which has no bearing whatsoever 108 00:05:38,000 --> 00:05:41,600 Speaker 9: on whether one can do a job. And I recognize 109 00:05:41,640 --> 00:05:44,880 Speaker 9: that not everyone has the good fortune I had to 110 00:05:45,000 --> 00:05:48,080 Speaker 9: work for someone like that. I'm asked all the time, 111 00:05:48,760 --> 00:05:51,599 Speaker 9: am I excited when a woman is hired. And my 112 00:05:51,720 --> 00:05:55,200 Speaker 9: response is what's really going to excite me is when 113 00:05:55,279 --> 00:06:00,040 Speaker 9: such things are no longer newsworthy. And the example I 114 00:06:00,080 --> 00:06:04,120 Speaker 9: always use is the movie Apollo thirteen. There is that 115 00:06:04,240 --> 00:06:07,440 Speaker 9: scene where Ed Harris, well that's the actor, you know, 116 00:06:07,520 --> 00:06:10,719 Speaker 9: the character he's playing, walks into a room and there's 117 00:06:10,760 --> 00:06:14,040 Speaker 9: a bunch of NASA scientists and engineers around a table, 118 00:06:14,440 --> 00:06:17,559 Speaker 9: and he dumps a bucket of pieces and parts onto 119 00:06:17,560 --> 00:06:20,800 Speaker 9: that table and he says, using only what is in 120 00:06:20,839 --> 00:06:23,479 Speaker 9: front of you, find a way to get those men 121 00:06:23,560 --> 00:06:27,239 Speaker 9: back to Earth alive. Do you think anyone on Apollo 122 00:06:27,360 --> 00:06:31,120 Speaker 9: thirteen gave a damn what the race, or the religion, 123 00:06:31,480 --> 00:06:35,040 Speaker 9: or the gender or any other individuality of the people 124 00:06:35,080 --> 00:06:38,640 Speaker 9: around that table was. Of course they didn't. They just 125 00:06:38,800 --> 00:06:43,240 Speaker 9: wanted to get home alive. That's what I am hoping 126 00:06:43,279 --> 00:06:44,279 Speaker 9: for in our future. 127 00:06:44,520 --> 00:06:46,960 Speaker 10: Amy have a very important question for you. Do you 128 00:06:47,000 --> 00:06:48,960 Speaker 10: think that Taylor Swift were right at the Grammys in 129 00:06:49,000 --> 00:06:51,120 Speaker 10: honor of Travis Kelcey and the Chiefs. I mean, I'm 130 00:06:51,120 --> 00:06:54,360 Speaker 10: thinking she probably did right, but no, no, no, I'm 131 00:06:54,400 --> 00:06:56,520 Speaker 10: just seriously, we got to talk about your raiders here, 132 00:06:56,520 --> 00:06:58,400 Speaker 10: we got to talk about Chip Kelly talk to about 133 00:06:58,400 --> 00:07:00,640 Speaker 10: what's going on in Las Vegas. 134 00:07:01,080 --> 00:07:02,760 Speaker 9: I certainly will, but I want you to know when 135 00:07:02,800 --> 00:07:05,599 Speaker 9: you started asking that question, I didn't know you were teasing, 136 00:07:05,640 --> 00:07:09,320 Speaker 9: and I thought, Wow, this conversation just took a turn. 137 00:07:09,440 --> 00:07:11,800 Speaker 9: And by the way, I do think she wore that 138 00:07:11,880 --> 00:07:13,160 Speaker 9: dress in honor of. 139 00:07:13,520 --> 00:07:16,000 Speaker 4: Nothing's accidental, right Amy. 140 00:07:16,200 --> 00:07:17,960 Speaker 9: You know, I'm going with the fact that it was 141 00:07:18,000 --> 00:07:21,040 Speaker 9: paying tribute to the Chiefs. I like the hire of 142 00:07:21,080 --> 00:07:25,360 Speaker 9: Pete Carroll by the Raiders. I think he brings a maturity, 143 00:07:25,920 --> 00:07:31,440 Speaker 9: a stability, and energy and enthusiasm that will be tremendously, 144 00:07:31,480 --> 00:07:34,840 Speaker 9: tremendously helpful to the organization. I really do like the heart. 145 00:07:34,840 --> 00:07:36,400 Speaker 10: I want to play for him, right Amy, It just 146 00:07:36,440 --> 00:07:38,680 Speaker 10: seems like a different state of mind there now. 147 00:07:39,400 --> 00:07:41,240 Speaker 9: I mean, I watch Pete Carroll and I think, Hell, 148 00:07:41,320 --> 00:07:43,400 Speaker 9: I'd run through a block for him. I'd make a 149 00:07:43,440 --> 00:07:44,120 Speaker 9: capful for him. 150 00:07:44,160 --> 00:07:48,240 Speaker 10: And by the way, yeah, well it's. 151 00:07:50,040 --> 00:07:52,960 Speaker 9: Because I'm on Bloomberg and I have so much respect 152 00:07:52,960 --> 00:07:55,920 Speaker 9: and admiration for all that Bloomberg does in the business world. 153 00:07:56,320 --> 00:07:58,920 Speaker 9: I'm going to give you an analogy. Pete Carroll maybe 154 00:07:58,960 --> 00:08:02,480 Speaker 9: seventy three. I know what Warren Buffett's ninety four, and 155 00:08:02,600 --> 00:08:04,360 Speaker 9: he's doing this just happens. 156 00:08:05,760 --> 00:08:10,120 Speaker 2: I'm going to ask about Roger Goodell, NFL Commissioner, and recently, 157 00:08:10,120 --> 00:08:13,720 Speaker 2: at a press conference in New Orleans ahead of Sunday 158 00:08:13,760 --> 00:08:18,360 Speaker 2: Super Bowl, he said that, yeah, he wants to reach 159 00:08:19,080 --> 00:08:25,280 Speaker 2: eventually sixteen international games a year. What do you think 160 00:08:25,320 --> 00:08:28,000 Speaker 2: about that? Can that? Is that a realistic goal? 161 00:08:29,000 --> 00:08:32,520 Speaker 9: You know, I worked closely with Roger for decades. I 162 00:08:32,559 --> 00:08:35,000 Speaker 9: maintain a tremnious relationship with him. I have a lot 163 00:08:35,000 --> 00:08:39,360 Speaker 9: of respect for all of his business acumen and other things. 164 00:08:39,480 --> 00:08:41,120 Speaker 9: You know, I'll note in that regard, I do think 165 00:08:41,160 --> 00:08:43,360 Speaker 9: it's realistic. Look, let me do the math for you. 166 00:08:43,440 --> 00:08:46,040 Speaker 9: And by the way, every single person in my village 167 00:08:46,080 --> 00:08:48,640 Speaker 9: family friends always groans when I say I'm going to 168 00:08:48,720 --> 00:08:52,360 Speaker 9: do the math on air, because quite often there's an error. 169 00:08:52,400 --> 00:08:55,440 Speaker 9: But even I can do this math. Thirty two divided 170 00:08:55,480 --> 00:08:58,679 Speaker 9: in half is sixteen. So as long as there are 171 00:08:59,080 --> 00:09:02,280 Speaker 9: thirty two teams, and I don't see expansion in the future, 172 00:09:02,360 --> 00:09:05,440 Speaker 9: certainly not in the near future, sixteen can work. 173 00:09:05,559 --> 00:09:08,040 Speaker 4: Do you think they'll increase a number of games played 174 00:09:08,080 --> 00:09:10,360 Speaker 4: in order to accommodate this international schedule? 175 00:09:10,880 --> 00:09:14,080 Speaker 9: I think the number of games will be increased to 176 00:09:14,120 --> 00:09:16,959 Speaker 9: eighteen at some point. I think that's the case, whether 177 00:09:17,000 --> 00:09:22,120 Speaker 9: they go to sixteen International Games or not. Look, going 178 00:09:22,160 --> 00:09:24,800 Speaker 9: back to the doing the math thing, I like eighteen 179 00:09:24,880 --> 00:09:27,600 Speaker 9: rather than seventeen, just because then the math is easier 180 00:09:27,640 --> 00:09:30,920 Speaker 9: to do when it comes to calculating win loss records. 181 00:09:31,080 --> 00:09:32,640 Speaker 9: I do think we'll see eighteen. 182 00:09:33,040 --> 00:09:35,720 Speaker 10: You know, Amy, the the NFL coaching council is in 183 00:09:35,880 --> 00:09:38,080 Speaker 10: full swing. We know about Aaron Glen to the Jets, 184 00:09:38,120 --> 00:09:41,920 Speaker 10: Schottenheimer to the Cowboys. You know John Cruden, you know, 185 00:09:42,040 --> 00:09:44,199 Speaker 10: I mean he was the one who was originally brought 186 00:09:44,240 --> 00:09:47,280 Speaker 10: in to coach the Raiders to give them stability. And 187 00:09:47,360 --> 00:09:50,080 Speaker 10: you know, my question is what about him? What about 188 00:09:50,360 --> 00:09:52,960 Speaker 10: coach Mike McCarthy, what about what's to happened with Bill Belichick, 189 00:09:53,360 --> 00:09:56,240 Speaker 10: you know, going to North Carolina and leaving the NFL behind. 190 00:09:56,240 --> 00:09:58,400 Speaker 10: I mean some of these older coaches, I mean, is 191 00:09:58,400 --> 00:10:00,880 Speaker 10: there still room for them in the well? 192 00:10:00,920 --> 00:10:03,960 Speaker 9: I certainly don't think age should be the limitation, and 193 00:10:04,000 --> 00:10:07,000 Speaker 9: the Raiders just demonstrated that with the hiring of Pete Carroll. 194 00:10:08,200 --> 00:10:11,080 Speaker 9: Will those men end up back in the league. I 195 00:10:11,120 --> 00:10:14,400 Speaker 9: don't know the answer to that. I wouldn't be surprised 196 00:10:14,440 --> 00:10:17,400 Speaker 9: if some of them did. As to the John Gruden issue, 197 00:10:17,559 --> 00:10:21,320 Speaker 9: there's so much focus on who leaked the emails, why 198 00:10:21,360 --> 00:10:23,319 Speaker 9: they were leaked. I have a view as to who 199 00:10:23,400 --> 00:10:25,160 Speaker 9: leaked them. I have a view as to why they 200 00:10:25,160 --> 00:10:29,040 Speaker 9: were leaked. But it's disappointing to me that so many 201 00:10:29,120 --> 00:10:33,280 Speaker 9: focus on the emails rather than focusing on the content 202 00:10:33,440 --> 00:10:41,079 Speaker 9: of those emails. Those emails contained racist, homophobic, misogynistic comments, 203 00:10:41,160 --> 00:10:44,520 Speaker 9: and a team that were to hire John Back has 204 00:10:44,559 --> 00:10:47,800 Speaker 9: to realize that in so doing that sounds a message 205 00:10:47,840 --> 00:10:48,839 Speaker 9: within the organization. 206 00:10:49,200 --> 00:10:51,640 Speaker 10: Amy, how do you defend Patrick Mahomes? And let me 207 00:10:51,640 --> 00:10:53,719 Speaker 10: ask you, let me put some context around this. I mean, 208 00:10:53,760 --> 00:10:56,640 Speaker 10: he's an amazing player. I mean he's tough enough to 209 00:10:56,640 --> 00:10:58,600 Speaker 10: defend as it is, but you know, with the reps 210 00:10:58,880 --> 00:11:00,959 Speaker 10: and the lack of replay and I don't want to 211 00:11:00,960 --> 00:11:02,720 Speaker 10: say flops, but yeah, flops. 212 00:11:03,040 --> 00:11:03,520 Speaker 1: How do you. 213 00:11:03,520 --> 00:11:06,960 Speaker 10: Defend, as the Philadelphia Eagles defense Patrick Mahomes in the 214 00:11:06,960 --> 00:11:07,480 Speaker 10: Super Bowl? 215 00:11:08,360 --> 00:11:11,880 Speaker 9: Well, the words of Aretha Franklin come to mind, say 216 00:11:11,880 --> 00:11:17,520 Speaker 9: a little prayer. He is extraordinarily hard to defend. I 217 00:11:17,679 --> 00:11:21,400 Speaker 9: do not buy into the the refs have the fix in. 218 00:11:21,640 --> 00:11:23,000 Speaker 9: There's a conspiracy. 219 00:11:23,559 --> 00:11:25,800 Speaker 6: They're trying. 220 00:11:27,000 --> 00:11:29,480 Speaker 9: I don't buy into that at all. And by the way, 221 00:11:29,520 --> 00:11:32,679 Speaker 9: he did apologize for what he did on the sideline 222 00:11:32,760 --> 00:11:37,040 Speaker 9: during a pre game. You know, there's Handlan's razor. Never 223 00:11:37,160 --> 00:11:41,520 Speaker 9: attribute to mendacity that which can be explained by error 224 00:11:41,600 --> 00:11:44,640 Speaker 9: or by mistake. And yes, I'm toning down Handlan's razor 225 00:11:44,720 --> 00:11:48,280 Speaker 9: a bit. I don't think the fix is in for 226 00:11:48,440 --> 00:11:52,760 Speaker 9: the Chiefs at all. Now, how do you defend against 227 00:11:52,760 --> 00:11:55,600 Speaker 9: Patrick Mahomes. That's where I will go back to Aretha Franklin. 228 00:11:56,320 --> 00:12:00,720 Speaker 9: You've got to find a way to keep him as 229 00:12:00,760 --> 00:12:03,960 Speaker 9: contained as possible, and that's very, very hard to do. 230 00:12:04,080 --> 00:12:07,240 Speaker 9: But the Eagles have a terrific defense, and look at 231 00:12:07,240 --> 00:12:09,480 Speaker 9: it on the other side as well, the Chiefs have 232 00:12:09,600 --> 00:12:11,719 Speaker 9: to do that with respect to Jalen Hurts. So I'm 233 00:12:11,760 --> 00:12:14,720 Speaker 9: excited to see what Spagnola has in mind in that regard. 234 00:12:14,760 --> 00:12:17,240 Speaker 9: I think he's the best defensive coordinator in the league. 235 00:12:17,320 --> 00:12:20,560 Speaker 2: Our thanks to Amy Trask for joining us. She's the 236 00:12:20,640 --> 00:12:24,440 Speaker 2: former CEO for the then Oakland Raiders, currently an analyst 237 00:12:24,480 --> 00:12:28,400 Speaker 2: for CBS Sports, and author of the book You Negotiate 238 00:12:28,520 --> 00:12:31,640 Speaker 2: Like a Girl. Up next on this special Big Game 239 00:12:31,760 --> 00:12:34,560 Speaker 2: edition of The Bloomberg Business of Sports. We'll talk with 240 00:12:34,679 --> 00:12:38,320 Speaker 2: two people about private equity stakes in a team that 241 00:12:38,720 --> 00:12:41,880 Speaker 2: just fell shy of the Big Game this year, for 242 00:12:42,040 --> 00:12:46,760 Speaker 2: my colleagues Damien Sassauer and Scarlett Fum Michael Barr. You're 243 00:12:46,760 --> 00:12:50,360 Speaker 2: listening to the Bloomberg Business of Sports Bloomberg Radio around 244 00:12:50,360 --> 00:12:51,280 Speaker 2: the world. 245 00:12:53,360 --> 00:12:53,520 Speaker 8: Right. 246 00:13:00,000 --> 00:13:04,000 Speaker 1: This is Bloomberg Business of Sports from Bloomberg Radio. 247 00:13:05,080 --> 00:13:07,440 Speaker 2: This is the Bloomberg Business of Sports where we explored 248 00:13:07,440 --> 00:13:09,199 Speaker 2: the big money issues in the world of sports on 249 00:13:09,320 --> 00:13:12,400 Speaker 2: Michael Barr along with my colleague Damian Sasauer. It is 250 00:13:12,440 --> 00:13:16,720 Speaker 2: a special Big Game edition of the show today as 251 00:13:16,800 --> 00:13:20,360 Speaker 2: we get ready for the Philadelphia Eagles and Kansas City 252 00:13:20,480 --> 00:13:23,560 Speaker 2: Chiefs to face off in Super Bowl fifty nine. Our 253 00:13:23,640 --> 00:13:27,640 Speaker 2: colleagues from Bloomberg Originals and across our Bloomberg newsroom went 254 00:13:27,760 --> 00:13:30,560 Speaker 2: down to New Orleans this week. We'll hear some of 255 00:13:30,600 --> 00:13:34,240 Speaker 2: their conversation later on in the program, including with NFL 256 00:13:34,360 --> 00:13:37,560 Speaker 2: Hall of Famer Joe Montana. Before we get there, we 257 00:13:37,679 --> 00:13:41,959 Speaker 2: turned to a franchise that had big Super Bowl dreams 258 00:13:41,960 --> 00:13:46,040 Speaker 2: this year but just fell short whole season for Buffalo. 259 00:13:46,120 --> 00:13:49,600 Speaker 6: On the line, here there come. He just desperately throws 260 00:13:49,640 --> 00:13:53,560 Speaker 6: it up in the air. And complete kincaid. 261 00:13:53,320 --> 00:13:57,320 Speaker 2: Was right there, while superstar quarterback Josh Allen and the 262 00:13:57,320 --> 00:14:00,720 Speaker 2: Buffalo Bills are licking their wounds for fall short against 263 00:14:00,720 --> 00:14:04,080 Speaker 2: the Chiefs again this year. Overall, the errow is pointing 264 00:14:04,160 --> 00:14:06,800 Speaker 2: up for the franchise, and on the business side, a 265 00:14:06,840 --> 00:14:10,520 Speaker 2: lot of investors are excited about the bills prospects. Joining 266 00:14:10,640 --> 00:14:15,200 Speaker 2: us now are Teresa Gal and Tom Conahead. Teresa is 267 00:14:15,240 --> 00:14:19,360 Speaker 2: a co founder and managing partner a venture capital firm, 268 00:14:19,480 --> 00:14:22,600 Speaker 2: A Crew Capital, and Tom is head of the capital 269 00:14:22,680 --> 00:14:27,000 Speaker 2: markets group at McDermott, Will and Emery. A Crew is 270 00:14:27,080 --> 00:14:29,960 Speaker 2: among the firms to make a private equity investment in 271 00:14:30,040 --> 00:14:33,520 Speaker 2: those Buffalo Bills. They're both here to talk about the 272 00:14:33,520 --> 00:14:37,440 Speaker 2: Bills and private equity in the NFL and more. Teresa, Tom, 273 00:14:37,520 --> 00:14:39,640 Speaker 2: Welcome to the Bloomberg Business of Sports. 274 00:14:39,880 --> 00:14:40,880 Speaker 11: Thank you for having us. 275 00:14:40,960 --> 00:14:41,440 Speaker 5: Thank you. 276 00:14:41,440 --> 00:14:44,600 Speaker 2: You got some coin in the Buffalo Bills. Teresa, I'll 277 00:14:44,600 --> 00:14:46,200 Speaker 2: start with you tell us a bit about that. 278 00:14:47,160 --> 00:14:51,480 Speaker 11: So the investment in the Bills is in some ways 279 00:14:52,160 --> 00:14:55,000 Speaker 11: the realization of a childhood dream and also in some 280 00:14:55,040 --> 00:14:57,840 Speaker 11: ways not that different from my day job of twenty 281 00:14:57,840 --> 00:15:00,920 Speaker 11: five years, which is being a minority investor. Sure in 282 00:15:00,960 --> 00:15:04,760 Speaker 11: tech companies. Obviously, this is different in my hometown football team. 283 00:15:05,640 --> 00:15:09,880 Speaker 11: So it was when the opportunity arose uh and I 284 00:15:09,960 --> 00:15:13,360 Speaker 11: was able to chat with the Pagoula family. I just 285 00:15:13,720 --> 00:15:17,000 Speaker 11: I couldn't pass it up. It's something that has been 286 00:15:17,040 --> 00:15:20,280 Speaker 11: important to my family since since I was a small 287 00:15:20,360 --> 00:15:23,400 Speaker 11: kid and my parents and I immigrated to the Buffalo area. 288 00:15:24,000 --> 00:15:26,920 Speaker 11: Dad was seasoned ticket holder and raised me and my 289 00:15:27,040 --> 00:15:31,360 Speaker 11: sister to be Bill's fans. He even used math to 290 00:15:32,320 --> 00:15:36,320 Speaker 11: use football to teach my sister math. So Andre Reid 291 00:15:36,440 --> 00:15:40,040 Speaker 11: was number eighty three, and so she learned addition and subtraction, 292 00:15:40,120 --> 00:15:44,040 Speaker 11: but also multiplication eight times three. I use that myself 293 00:15:44,400 --> 00:15:47,000 Speaker 11: with my own kids to build the third generation of 294 00:15:47,000 --> 00:15:50,400 Speaker 11: Bill's Mafia and my family by asking the kids questions 295 00:15:50,440 --> 00:15:52,400 Speaker 11: like how many different ways can you get to nine 296 00:15:52,400 --> 00:15:54,200 Speaker 11: in a football game? Oh? 297 00:15:54,240 --> 00:15:55,520 Speaker 2: See, this is. 298 00:15:57,480 --> 00:16:00,480 Speaker 10: Andre Bruce Smith. 299 00:16:02,240 --> 00:16:05,520 Speaker 2: You you did because I'm I'm a big NASCAR fan 300 00:16:05,800 --> 00:16:10,320 Speaker 2: and my oldest son who loves Nascar two when he 301 00:16:10,400 --> 00:16:13,160 Speaker 2: was little, That's how I taught him numbers. I said, 302 00:16:13,240 --> 00:16:17,240 Speaker 2: what number is that? That's for sweet Daddy, that's Ritchie Petty. 303 00:16:17,360 --> 00:16:20,200 Speaker 2: I'm like, yeah, boy, that's the way to do it. 304 00:16:20,400 --> 00:16:21,160 Speaker 2: I'm proud of you. 305 00:16:21,240 --> 00:16:21,880 Speaker 6: Man well to me. 306 00:16:21,960 --> 00:16:23,880 Speaker 10: So let's take a step back for our audience. You're 307 00:16:23,920 --> 00:16:26,040 Speaker 10: the co founder and managing partner of a Crew Capital. 308 00:16:26,160 --> 00:16:30,200 Speaker 10: You're a Stanford, You're Brown, you're engineering, You're an MBA. 309 00:16:30,320 --> 00:16:32,520 Speaker 10: You know, you have sat on boards for so many 310 00:16:32,560 --> 00:16:34,800 Speaker 10: tech companies and now here you're an owner of the 311 00:16:34,840 --> 00:16:36,920 Speaker 10: Buffalo Bills. You know, talk to us a little bit 312 00:16:36,920 --> 00:16:39,560 Speaker 10: about that process, how you got there, what was it like. 313 00:16:40,600 --> 00:16:46,200 Speaker 11: So the process in some ways is very parallel to 314 00:16:46,240 --> 00:16:48,840 Speaker 11: my day job, right, which is when I heard about 315 00:16:48,880 --> 00:16:51,480 Speaker 11: the opportunity that the Poula family was thinking of bringing 316 00:16:51,520 --> 00:16:54,120 Speaker 11: on minority investors, and my day job as being a 317 00:16:54,160 --> 00:16:58,400 Speaker 11: minority investor. So oftentimes the key thing is finding a 318 00:16:58,480 --> 00:17:02,560 Speaker 11: connection to the majority owner, in this case Terry and 319 00:17:02,600 --> 00:17:08,280 Speaker 11: his family, and then making your case for why you 320 00:17:08,800 --> 00:17:12,159 Speaker 11: are passionate about the company, in this case the Bills, 321 00:17:12,920 --> 00:17:17,520 Speaker 11: but also what you can bring to the group, understanding 322 00:17:17,560 --> 00:17:19,879 Speaker 11: that you're going to be just a minority owner, so 323 00:17:19,920 --> 00:17:22,800 Speaker 11: not get in the way, but add value when asked 324 00:17:22,920 --> 00:17:26,480 Speaker 11: in appropriate way. So that in that way, that was 325 00:17:26,520 --> 00:17:28,520 Speaker 11: the same. Now, the part that was different in this 326 00:17:28,560 --> 00:17:31,480 Speaker 11: world I had over to Tom is you know I've 327 00:17:31,600 --> 00:17:35,560 Speaker 11: had the good fortune to be involved in several multi 328 00:17:35,560 --> 00:17:41,440 Speaker 11: billion dollar IPOs and public companies from Trulia to Facebook 329 00:17:41,440 --> 00:17:44,320 Speaker 11: in the early days. And I got to say, the 330 00:17:44,440 --> 00:17:49,840 Speaker 11: legal process in becoming a minority owner in the NFL, Uh, you. 331 00:17:49,800 --> 00:17:50,480 Speaker 10: Know, it's a. 332 00:17:52,000 --> 00:17:52,480 Speaker 6: It's a lot. 333 00:17:52,800 --> 00:17:54,520 Speaker 11: I spent a lot more time with Tom than I 334 00:17:54,560 --> 00:17:56,440 Speaker 11: have with other of my attorneys. 335 00:17:56,480 --> 00:17:58,800 Speaker 10: Well, Tom, let's bring in Tom co, head of the 336 00:17:58,800 --> 00:18:02,000 Speaker 10: Capital Markets Group at MCDNERHM Will and Emery talked to 337 00:18:02,080 --> 00:18:04,320 Speaker 10: us about what that data room must have looked, like 338 00:18:04,400 --> 00:18:07,399 Speaker 10: what level of transparency. I mean, did Teresa have to 339 00:18:07,480 --> 00:18:09,840 Speaker 10: I mean, did they go back to her early years, 340 00:18:09,880 --> 00:18:12,199 Speaker 10: like when she was two six months old? I mean, 341 00:18:12,240 --> 00:18:14,840 Speaker 10: what did they need to do? What diligence did they require. 342 00:18:14,920 --> 00:18:17,800 Speaker 5: Let's put it this way, damn. Like the professional sports leagues, 343 00:18:17,880 --> 00:18:20,639 Speaker 5: the NFL is not alone cares deeply about who their 344 00:18:20,680 --> 00:18:23,879 Speaker 5: owners are, right, It's really central to their mission, Like 345 00:18:24,000 --> 00:18:26,640 Speaker 5: what is the mission of the league? Protect the product 346 00:18:26,640 --> 00:18:29,479 Speaker 5: on the field, make sure you never alienate your fans 347 00:18:29,520 --> 00:18:31,800 Speaker 5: or lose their trust. And that starts with knowing who 348 00:18:31,800 --> 00:18:35,320 Speaker 5: your owners are in every team. Right, So of course 349 00:18:35,440 --> 00:18:37,680 Speaker 5: they asked a lot of detailed questions. They wanted to 350 00:18:37,760 --> 00:18:41,840 Speaker 5: know a lot of things about Teresa her other investments, 351 00:18:41,920 --> 00:18:46,000 Speaker 5: and Teresa had to produce a lot of information to 352 00:18:46,040 --> 00:18:47,040 Speaker 5: satisfy them for sure. 353 00:18:47,160 --> 00:18:49,560 Speaker 2: Well, Tom, and I want to get more into that, 354 00:18:49,800 --> 00:18:51,240 Speaker 2: you know, because I want to buy a share of 355 00:18:51,280 --> 00:18:56,040 Speaker 2: the Detroit Lions. Yes, I do. Really, I love my Alliance, so. 356 00:18:56,119 --> 00:18:59,360 Speaker 11: I was hoping for Alliance Bill super Bowl, Oh my eye. 357 00:18:59,240 --> 00:19:03,880 Speaker 2: Will always We're going to go off in another direction, Tom, 358 00:19:04,680 --> 00:19:06,800 Speaker 2: what questions are they going to ask? And they're going 359 00:19:06,840 --> 00:19:08,960 Speaker 2: to ask me about that embarrassing spoon thing. 360 00:19:10,520 --> 00:19:13,280 Speaker 5: I think you'll be okay with that, Michael. Really, what 361 00:19:13,280 --> 00:19:16,840 Speaker 5: they're concerned about are, you know, conflicts of interests? Right 362 00:19:16,880 --> 00:19:20,440 Speaker 5: that the leagues Again, they want to make sure that 363 00:19:20,720 --> 00:19:23,520 Speaker 5: the fans trust the product on the field and that 364 00:19:23,520 --> 00:19:28,520 Speaker 5: the level of competition is accurate, right, and that everyone's 365 00:19:28,600 --> 00:19:30,600 Speaker 5: operating on a level playing field. So they want to 366 00:19:30,640 --> 00:19:33,840 Speaker 5: know that the owners in the various ownership groups don't 367 00:19:33,840 --> 00:19:37,800 Speaker 5: have interests that might either in fact or in appearance, 368 00:19:37,920 --> 00:19:40,680 Speaker 5: create some conflict of interest. 369 00:19:40,800 --> 00:19:40,919 Speaker 6: Right. 370 00:19:40,920 --> 00:19:43,399 Speaker 5: There are salary caps, so they want to know that 371 00:19:43,480 --> 00:19:47,560 Speaker 5: owners don't have other outside relationships with players that might 372 00:19:47,760 --> 00:19:51,639 Speaker 5: be arguable arguably and runs around salary caps, and they 373 00:19:51,680 --> 00:19:55,400 Speaker 5: want to know that the owners don't have investments in 374 00:19:55,400 --> 00:19:58,760 Speaker 5: industries that might either in fact or in appearance, you know, 375 00:20:00,000 --> 00:20:02,280 Speaker 5: eight drama for the league, right, they want to avoid 376 00:20:02,320 --> 00:20:05,119 Speaker 5: any ownership drama and keep all the eyeballs on the 377 00:20:05,119 --> 00:20:08,159 Speaker 5: product on the field, and that's what the league's mission is. 378 00:20:08,800 --> 00:20:11,960 Speaker 10: Teresa, you are the co founder of Aspect Ventures. You're 379 00:20:12,000 --> 00:20:15,400 Speaker 10: a treasurer Brown University. I mean, you're a Forbes one 380 00:20:15,480 --> 00:20:17,840 Speaker 10: hundred top one hundred on every list you can ever imagine. 381 00:20:17,880 --> 00:20:20,120 Speaker 10: You probably still sit on a lot of other boards. 382 00:20:20,840 --> 00:20:23,560 Speaker 10: How do you have time also to be a passive 383 00:20:23,560 --> 00:20:26,000 Speaker 10: investor in the in the bills? I mean, what's the 384 00:20:26,080 --> 00:20:28,280 Speaker 10: ask on you from a time perspective? 385 00:20:28,720 --> 00:20:30,760 Speaker 2: When you're a Buffalo's bills? 386 00:20:30,840 --> 00:20:32,360 Speaker 6: You're not passive. 387 00:20:34,440 --> 00:20:38,920 Speaker 11: The fair point. So the great thing about it is 388 00:20:39,119 --> 00:20:43,760 Speaker 11: that it doesn't have any specific requirement unlike my day job, 389 00:20:43,840 --> 00:20:46,080 Speaker 11: where you know, I'm making an investment and I'm asked 390 00:20:46,080 --> 00:20:46,879 Speaker 11: to be on a board. 391 00:20:47,400 --> 00:20:49,680 Speaker 1: It's really more. 392 00:20:51,080 --> 00:20:51,439 Speaker 4: People. 393 00:20:51,560 --> 00:20:51,760 Speaker 2: You know. 394 00:20:51,920 --> 00:20:55,240 Speaker 11: The ask is have the financial wherewithal and pass all 395 00:20:55,240 --> 00:20:58,399 Speaker 11: of the requirements to be accepted into the group and 396 00:20:58,440 --> 00:21:03,120 Speaker 11: then be there as a resource to the the other owners, 397 00:21:03,200 --> 00:21:05,639 Speaker 11: the other minority owners. We also brought in one of 398 00:21:05,680 --> 00:21:09,480 Speaker 11: the first private equity investment groups in Arctose in the NFL, 399 00:21:09,960 --> 00:21:12,880 Speaker 11: and obviously to the Pagoula family and then to the 400 00:21:13,080 --> 00:21:15,399 Speaker 11: to the one Bills Drive leadership, to Pete Welly and 401 00:21:15,440 --> 00:21:19,080 Speaker 11: the others. But it's really more, Hey, they know we're fans, 402 00:21:19,480 --> 00:21:22,240 Speaker 11: they know what are other areas of expertise are, and 403 00:21:22,240 --> 00:21:24,760 Speaker 11: then they will they ask us from time to time 404 00:21:24,800 --> 00:21:27,560 Speaker 11: to do certain things. So I had a call recently 405 00:21:27,600 --> 00:21:31,320 Speaker 11: with somebody who's looking to grow the Bills data analytics 406 00:21:31,320 --> 00:21:33,440 Speaker 11: team because in my day job of investing in tech 407 00:21:33,440 --> 00:21:36,440 Speaker 11: companies and so, but that's really more like I want 408 00:21:36,480 --> 00:21:38,440 Speaker 11: to do it. Oh great, I can be helpful there. 409 00:21:38,440 --> 00:21:41,520 Speaker 11: I'm you know, I wish I, you know, could catch 410 00:21:41,560 --> 00:21:43,440 Speaker 11: up fourth and five, but that's not going to happen. 411 00:21:43,520 --> 00:21:45,280 Speaker 11: So you got to find ways where you can add. 412 00:21:45,320 --> 00:21:49,120 Speaker 11: So it's really just that's really what it is, winding 413 00:21:49,200 --> 00:21:51,560 Speaker 11: finding ways to be helpful when asked, Well. 414 00:21:51,720 --> 00:21:53,840 Speaker 10: Let me ask you this, because you know, I'm not 415 00:21:53,880 --> 00:21:56,000 Speaker 10: a venture investor in the tech sector, right, and I 416 00:21:56,800 --> 00:21:59,840 Speaker 10: would imagine that some of these businesses that you've invested 417 00:21:59,840 --> 00:22:03,159 Speaker 10: in started as a project of passion, right, And so 418 00:22:03,200 --> 00:22:04,800 Speaker 10: what you're saying to me, and it's kind of interesting, 419 00:22:04,840 --> 00:22:06,680 Speaker 10: is you didn't invest in the Buffalo Bills to get 420 00:22:06,680 --> 00:22:09,600 Speaker 10: an ROI. You know, you invested because it's a passion 421 00:22:09,640 --> 00:22:12,920 Speaker 10: for you. And I wonder, is that very different than 422 00:22:12,920 --> 00:22:14,520 Speaker 10: what you've done in your history. 423 00:22:15,480 --> 00:22:16,520 Speaker 1: It's a great question. 424 00:22:16,920 --> 00:22:22,320 Speaker 11: It's actually very similar because in my startups they are 425 00:22:22,480 --> 00:22:28,120 Speaker 11: often three people, four people. So the initial investment interest 426 00:22:28,200 --> 00:22:31,199 Speaker 11: to learn more is because of the passion, the passion 427 00:22:31,240 --> 00:22:34,000 Speaker 11: of the founders in this case, the passion of the team, 428 00:22:34,359 --> 00:22:38,280 Speaker 11: but also Bill's mafia obviously near and dear to my heart. 429 00:22:38,560 --> 00:22:42,040 Speaker 11: But when I actually pull the trigger after going through 430 00:22:42,040 --> 00:22:46,720 Speaker 11: the diligence sign, the veritable check, that has to be 431 00:22:46,800 --> 00:22:50,800 Speaker 11: a financial ROI investment. And it was the same here 432 00:22:50,880 --> 00:22:52,840 Speaker 11: as some of the things we already spoke about with 433 00:22:52,880 --> 00:22:57,040 Speaker 11: regards to the entrance of private equity into the NFL 434 00:22:57,520 --> 00:23:01,040 Speaker 11: for franchises as minority owners, and even just recently I 435 00:23:01,040 --> 00:23:03,439 Speaker 11: think you guys were talking about in one of your 436 00:23:03,520 --> 00:23:07,240 Speaker 11: last podcasts. I mean, the viewership for NFL has never 437 00:23:07,280 --> 00:23:11,520 Speaker 11: been higher in our crazy media twenty four to seven world. 438 00:23:11,960 --> 00:23:15,960 Speaker 11: And you know, my Bills set a record in the 439 00:23:16,040 --> 00:23:19,640 Speaker 11: Ravens game, right, and then again in the Chiefs game 440 00:23:20,000 --> 00:23:24,240 Speaker 11: from a viewership perspective, So to me, it starts with passion, 441 00:23:24,600 --> 00:23:27,119 Speaker 11: but the diligence piece always has to look to me 442 00:23:27,320 --> 00:23:28,200 Speaker 11: like a good investment. 443 00:23:28,480 --> 00:23:30,959 Speaker 2: Well, and when I asked Tom as well on this, 444 00:23:31,160 --> 00:23:34,920 Speaker 2: because the Bills New York Governor Kathy Hokl is trying 445 00:23:34,920 --> 00:23:37,679 Speaker 2: to put a deal together to get a whole brand 446 00:23:37,720 --> 00:23:45,200 Speaker 2: new stadium, going take us through how that impacts trying 447 00:23:45,200 --> 00:23:48,680 Speaker 2: to be a minority investor in a team like the 448 00:23:48,720 --> 00:23:49,680 Speaker 2: Buffalo Bills. 449 00:23:50,240 --> 00:23:53,040 Speaker 5: Well, certainly, like any investment, you're going to do diligence 450 00:23:53,080 --> 00:23:56,320 Speaker 5: on your target, on the business. And what's more important 451 00:23:56,359 --> 00:23:58,840 Speaker 5: to any team than where they play their games? 452 00:23:58,920 --> 00:23:59,120 Speaker 8: Right. 453 00:23:59,480 --> 00:24:02,040 Speaker 5: Focus and professional sports, not just the NFL right now 454 00:24:02,520 --> 00:24:04,960 Speaker 5: on all team owners is on their venues. Right, There's 455 00:24:05,000 --> 00:24:08,200 Speaker 5: been a lot of movement towards taking your arena or 456 00:24:08,240 --> 00:24:10,399 Speaker 5: your stadium from just a place that people go to 457 00:24:11,240 --> 00:24:13,640 Speaker 5: eight to ten times a year if you're an NFL team, 458 00:24:13,920 --> 00:24:17,919 Speaker 5: to a year round destination. And so everybody in professional sports, 459 00:24:18,040 --> 00:24:21,840 Speaker 5: especially the NFL, is focusing on upgrading their venues. And 460 00:24:22,440 --> 00:24:26,720 Speaker 5: that was certainly part of Teresa's calculus when she made 461 00:24:26,720 --> 00:24:29,880 Speaker 5: this investment, that the Bills are keeping up and going 462 00:24:29,920 --> 00:24:31,800 Speaker 5: to be having great venues in the future. 463 00:24:31,960 --> 00:24:34,520 Speaker 10: Well, Tom McDermott, you know this isn't your first you 464 00:24:34,520 --> 00:24:36,520 Speaker 10: know kind of rodeo. You know, you've been involved in 465 00:24:36,560 --> 00:24:39,000 Speaker 10: other you know, I'm sure sports team, the Major League 466 00:24:39,000 --> 00:24:42,040 Speaker 10: Baseball MLS, you know, I'm looking NBA, National Hockey League, 467 00:24:42,200 --> 00:24:45,800 Speaker 10: You've done it all. How did this process differ from 468 00:24:45,840 --> 00:24:48,479 Speaker 10: some of those other processes? Like, how did the NFL 469 00:24:48,520 --> 00:24:50,200 Speaker 10: handle this where they on their game? 470 00:24:50,320 --> 00:24:51,240 Speaker 2: Is this new for them? 471 00:24:51,600 --> 00:24:52,240 Speaker 6: I mean it was new? 472 00:24:52,320 --> 00:24:54,800 Speaker 5: I mean it was new. I mean everyone read that 473 00:24:54,840 --> 00:24:58,040 Speaker 5: the NFL owners opened up their doors to private equity 474 00:24:58,119 --> 00:25:01,200 Speaker 5: back in August, but this was act the first, if 475 00:25:01,200 --> 00:25:03,600 Speaker 5: not the second, well probably we'll call it the first. 476 00:25:04,119 --> 00:25:06,600 Speaker 5: The Miami deal and the Buffalo Bills deal were effectively 477 00:25:06,600 --> 00:25:08,680 Speaker 5: on the same timetable, so it was the first time 478 00:25:08,680 --> 00:25:11,439 Speaker 5: that the NFL was actually doing a live deal with 479 00:25:11,440 --> 00:25:12,280 Speaker 5: a pe investor. 480 00:25:12,600 --> 00:25:13,400 Speaker 6: So it was new. 481 00:25:13,560 --> 00:25:16,679 Speaker 5: So there was some you know, novelty to the transaction 482 00:25:17,000 --> 00:25:18,240 Speaker 5: from the NFL's perspective. 483 00:25:19,240 --> 00:25:22,520 Speaker 2: Our thanks to Teresa Gal, co founder and managing partner 484 00:25:22,520 --> 00:25:25,000 Speaker 2: at a Crew Capital, and Tom kind of hand of 485 00:25:25,040 --> 00:25:28,399 Speaker 2: the capital markets group at McDermott, Will and Emery for 486 00:25:28,480 --> 00:25:31,920 Speaker 2: joining us. Up next, we take you to New Orleans 487 00:25:31,960 --> 00:25:35,879 Speaker 2: and Radio Row for a few special conversations ahead of 488 00:25:35,920 --> 00:25:39,400 Speaker 2: a big game for my colleague Damian Sasaur. I'm Michael Lebar. 489 00:25:39,680 --> 00:25:41,879 Speaker 2: You're listening to the Bloomberg Business of Sports or the 490 00:25:41,880 --> 00:25:43,800 Speaker 2: Bloomberg Radio around the world. 491 00:25:49,960 --> 00:25:54,480 Speaker 1: This is Bloomberg Business of Sports from Bloomberg Radio. 492 00:25:55,359 --> 00:25:57,760 Speaker 2: Thanks for joining us on the Bloomberg Business of Sports, 493 00:25:57,760 --> 00:25:59,680 Speaker 2: where we explored the big money issues in the world 494 00:25:59,680 --> 00:26:03,160 Speaker 2: of sports. It's Michael Barr. It's a special Big Game 495 00:26:03,280 --> 00:26:05,639 Speaker 2: edition of the show today as we look ahead to 496 00:26:05,680 --> 00:26:08,560 Speaker 2: Super Bowl fifty nine between the Chiefs and the Eagles. 497 00:26:08,840 --> 00:26:10,800 Speaker 2: It's a rematch of the Big Game from just a 498 00:26:10,840 --> 00:26:14,040 Speaker 2: few years ago where the Chiefs beat the Eagles thirty 499 00:26:14,080 --> 00:26:18,600 Speaker 2: eight thirty five. In twenty twenty three, Homes in trouble, 500 00:26:18,880 --> 00:26:22,080 Speaker 2: gets away, Mahomes racing with the batags on all. 501 00:26:22,240 --> 00:26:26,760 Speaker 6: Inside of the twenty. He's taken down somehow. 502 00:26:27,000 --> 00:26:32,160 Speaker 2: Patrick Mahomes hurts. 503 00:26:33,440 --> 00:26:36,040 Speaker 6: As all day. Now some rushers come. I'm gonna throw 504 00:26:36,080 --> 00:26:37,960 Speaker 6: it as foe as his arm contaken. 505 00:26:37,600 --> 00:26:40,639 Speaker 8: With his weeow short and the Kansas City Chiefs have 506 00:26:40,840 --> 00:26:42,879 Speaker 8: won Super Bowl fifty seven. 507 00:26:43,680 --> 00:26:46,159 Speaker 2: Some of our colleagues went down to New Orleans this 508 00:26:46,240 --> 00:26:49,600 Speaker 2: week and rubbed shoulders with some of the biggest names 509 00:26:49,640 --> 00:26:54,280 Speaker 2: in sports. Bloomberg Original Sports correspondent Vanessa Perdomo caught up 510 00:26:54,320 --> 00:26:58,240 Speaker 2: with former Dallas Cowboys star Dez Bryant at Radio Row 511 00:26:58,600 --> 00:27:00,679 Speaker 2: and they talked about some of the late his trends 512 00:27:00,720 --> 00:27:04,800 Speaker 2: in football, including nil and his involvement in sports betting. 513 00:27:04,880 --> 00:27:05,639 Speaker 2: Let's take a listen. 514 00:27:05,720 --> 00:27:07,800 Speaker 3: I guess I grew up playing sports all my life. 515 00:27:08,080 --> 00:27:12,119 Speaker 3: I love basketball, you know, so that's kind of where 516 00:27:13,080 --> 00:27:15,960 Speaker 3: you know, you know, I start and stop. You know, 517 00:27:16,040 --> 00:27:18,240 Speaker 3: I feel like I'm you know, make I don have 518 00:27:18,320 --> 00:27:19,800 Speaker 3: made good plays and good money. 519 00:27:20,280 --> 00:27:23,800 Speaker 6: And also I'm also in the biding community. 520 00:27:24,080 --> 00:27:26,639 Speaker 12: So for you, you know, obviously when you're not able 521 00:27:26,680 --> 00:27:29,240 Speaker 12: to be in it as a as a player, do 522 00:27:29,240 --> 00:27:32,080 Speaker 12: you think that there's some sort of way the sports 523 00:27:32,080 --> 00:27:34,119 Speaker 12: books or maybe you know, the league can try and 524 00:27:34,119 --> 00:27:36,440 Speaker 12: get current players involved, maybe even just getting them on 525 00:27:36,520 --> 00:27:37,760 Speaker 12: the back end of plays. 526 00:27:38,000 --> 00:27:40,200 Speaker 6: Give them a piece, Yeah, give them a piece. 527 00:27:40,400 --> 00:27:40,600 Speaker 2: You know. 528 00:27:40,640 --> 00:27:44,240 Speaker 3: At the end of the day, I think it's going 529 00:27:44,320 --> 00:27:47,000 Speaker 3: to be more excitement for the fans, you know, for 530 00:27:47,080 --> 00:27:49,520 Speaker 3: the players. We just got to find a way to 531 00:27:49,520 --> 00:27:52,600 Speaker 3: where just to where it all makes sense. I got 532 00:27:52,640 --> 00:27:55,639 Speaker 3: ideas right now that I want to share, but I'm 533 00:27:55,680 --> 00:27:58,000 Speaker 3: giving them to fanatics, and you know they're gonna. 534 00:27:57,760 --> 00:28:01,439 Speaker 6: Come say, try try and get these ideas, you feel me. 535 00:28:01,680 --> 00:28:02,280 Speaker 13: Yeah. 536 00:28:02,320 --> 00:28:04,480 Speaker 12: So another thing that you know you weren't able to 537 00:28:04,480 --> 00:28:06,600 Speaker 12: get in on when you were playing is nil in. 538 00:28:06,640 --> 00:28:08,720 Speaker 6: College, I would have broke the bank. 539 00:28:08,920 --> 00:28:11,920 Speaker 12: Yeah yeah, So how would you have navigated the system? 540 00:28:12,400 --> 00:28:17,439 Speaker 3: I mean, I think I'm a natural. I have a 541 00:28:17,520 --> 00:28:20,720 Speaker 3: natural business mind. You know, before I even understood what 542 00:28:20,760 --> 00:28:22,919 Speaker 3: it was, just the way I thought, you know, I 543 00:28:22,960 --> 00:28:25,720 Speaker 3: wanted to have my own brand. One of one of 544 00:28:25,720 --> 00:28:28,200 Speaker 3: the guys I looked up to the most was MJ. 545 00:28:29,760 --> 00:28:32,040 Speaker 3: Before I even, like I said, before I even understood 546 00:28:32,040 --> 00:28:34,879 Speaker 3: what the brand was, I did understand that Jumpman logo 547 00:28:35,000 --> 00:28:37,800 Speaker 3: was different from that check And when I thought of 548 00:28:38,200 --> 00:28:40,440 Speaker 3: the Jumpman, I just thought of MJ. 549 00:28:41,200 --> 00:28:43,440 Speaker 6: You know, I was like, Man, I want that. 550 00:28:43,440 --> 00:28:47,120 Speaker 2: That's former Dallas Cowboys star Dez Bryant with Vanessa Perdomo 551 00:28:47,520 --> 00:28:51,240 Speaker 2: from Radio Row in New Orleans. Earlier this week. Bloomberg 552 00:28:51,400 --> 00:28:54,800 Speaker 2: US sports business reporter Randa Williams was there too, and 553 00:28:54,880 --> 00:28:57,440 Speaker 2: got a chance to talk with a current football star 554 00:28:57,760 --> 00:29:01,240 Speaker 2: who was looking beyond the big game and toward joining 555 00:29:01,360 --> 00:29:05,560 Speaker 2: a new team in the future. Cleveland Brown's edge Miles 556 00:29:05,600 --> 00:29:09,240 Speaker 2: Garrett recently made his desire to play for a new 557 00:29:09,320 --> 00:29:13,120 Speaker 2: team public. Let's listen in on his conversation about what 558 00:29:13,240 --> 00:29:16,280 Speaker 2: could be next for him with Randall Williams. 559 00:29:16,440 --> 00:29:19,320 Speaker 7: I want to ask you. You requested a trade. You 560 00:29:19,320 --> 00:29:20,800 Speaker 7: don't need to get into details. You've been talking to 561 00:29:20,840 --> 00:29:23,760 Speaker 7: every other show about that. But when you're considering market, 562 00:29:23,880 --> 00:29:26,080 Speaker 7: you have a lot of endorsements, a lot of different 563 00:29:26,080 --> 00:29:29,320 Speaker 7: business opportunities. Do you think about state taxes, things like 564 00:29:29,360 --> 00:29:30,840 Speaker 7: that when you put in a trade request? Or is 565 00:29:30,880 --> 00:29:31,719 Speaker 7: it all about winning right now? 566 00:29:31,720 --> 00:29:34,200 Speaker 13: It's all about winning. I mean that stuff will be 567 00:29:34,280 --> 00:29:36,960 Speaker 13: looked into afterward. Know, something becomes a little bit more 568 00:29:38,280 --> 00:29:41,680 Speaker 13: solid or tangible, but that's just doing research on know 569 00:29:41,760 --> 00:29:44,640 Speaker 13: wherever is next home base. But no, just focus on 570 00:29:44,680 --> 00:29:47,680 Speaker 13: winning and have an opportunity to go into the playoffs 571 00:29:47,680 --> 00:29:47,920 Speaker 13: and win. 572 00:29:48,320 --> 00:29:49,760 Speaker 6: Now, let's talk about Cleveland a little bit. 573 00:29:49,800 --> 00:29:51,520 Speaker 7: Talk about what the city has meant to You've been 574 00:29:51,560 --> 00:29:53,880 Speaker 7: there for a long time, You've worn that number ninety. 575 00:29:53,600 --> 00:29:54,680 Speaker 6: Five Jersey forever. 576 00:29:55,320 --> 00:29:57,600 Speaker 7: What has the city meant to you over your course 577 00:29:57,640 --> 00:29:58,480 Speaker 7: of being there? 578 00:29:59,480 --> 00:30:02,600 Speaker 13: I mean, really become a second home for me. I've 579 00:30:02,640 --> 00:30:06,920 Speaker 13: loved my time there being part of the community, you know, 580 00:30:07,040 --> 00:30:12,040 Speaker 13: giving back, and uh, it's it's really become a part 581 00:30:12,040 --> 00:30:14,960 Speaker 13: of my family. Sure, I've loved my loved my time 582 00:30:15,640 --> 00:30:19,240 Speaker 13: and uh, you know it's it's it's been. It's been invaluable, 583 00:30:19,320 --> 00:30:22,000 Speaker 13: no learning, learning to be somewhere else, so far away 584 00:30:22,000 --> 00:30:23,360 Speaker 13: from home. You know, a lot of a lot of 585 00:30:23,360 --> 00:30:26,800 Speaker 13: different variables and new things, and it really helped my 586 00:30:26,880 --> 00:30:32,000 Speaker 13: journey into becoming a man professional how to the joy 587 00:30:32,000 --> 00:30:33,920 Speaker 13: of working with a lot of great people and meeting 588 00:30:33,920 --> 00:30:36,440 Speaker 13: a lot of great people. And you know, North Northeast 589 00:30:36,480 --> 00:30:38,200 Speaker 13: Ohios will always remain special for me. 590 00:30:38,920 --> 00:30:40,800 Speaker 7: On the money side of things, I wonder have you 591 00:30:40,840 --> 00:30:42,959 Speaker 7: begun to think about what the next phase of your 592 00:30:43,000 --> 00:30:45,240 Speaker 7: career looks like. I know you're gonna you're thinking about championship, 593 00:30:45,280 --> 00:30:47,800 Speaker 7: where you're going next, But when you do eventually have 594 00:30:47,880 --> 00:30:50,440 Speaker 7: to hang up your cleats and working in office like 595 00:30:50,560 --> 00:30:53,680 Speaker 7: me or the people too are right or do something 596 00:30:53,680 --> 00:30:55,800 Speaker 7: along those lines, whether you're in a broadcasting booth, what 597 00:30:55,840 --> 00:30:57,920 Speaker 7: does the next phase of Miles Garrett look like? 598 00:30:57,920 --> 00:30:58,760 Speaker 6: Have you thought about that you. 599 00:30:58,760 --> 00:31:01,320 Speaker 13: Will only look like an office definitely not it won't 600 00:31:01,320 --> 00:31:05,720 Speaker 13: look like a broadcasting booth. No broadcasting, definitely not. You 601 00:31:05,800 --> 00:31:08,200 Speaker 13: might get me for like a special guest appearance on 602 00:31:08,720 --> 00:31:09,480 Speaker 13: one night only. 603 00:31:09,640 --> 00:31:11,400 Speaker 6: Sure, you know. 604 00:31:11,400 --> 00:31:12,959 Speaker 13: I want to, you know, focus on the things that 605 00:31:13,400 --> 00:31:17,200 Speaker 13: I've always loved doing. No photography, maybe being you know, 606 00:31:17,480 --> 00:31:20,400 Speaker 13: a Waldoff shooter I've always wanted to work with, not geo. 607 00:31:21,280 --> 00:31:24,880 Speaker 13: Maybe doing uh know some uh no sports myself, no 608 00:31:24,920 --> 00:31:29,000 Speaker 13: shooting different uh sports of different no great arenas, or 609 00:31:29,320 --> 00:31:33,520 Speaker 13: you know, continue working on some some literature, whether it's poetry, 610 00:31:34,120 --> 00:31:38,280 Speaker 13: uh short stories even uh some things I've working on currently, 611 00:31:38,360 --> 00:31:46,920 Speaker 13: which is like a a horror story about what and 612 00:31:47,080 --> 00:31:49,920 Speaker 13: get too deep into that, I will say it. It 613 00:31:50,040 --> 00:31:54,560 Speaker 13: kind of it deals with uh, you know, the anxiety 614 00:31:54,560 --> 00:31:56,600 Speaker 13: of moving away from from home for the first time. 615 00:31:56,680 --> 00:31:59,520 Speaker 13: They'll be come don stepping into that role of being 616 00:31:59,680 --> 00:32:03,480 Speaker 13: a and no going into college, but also no suffering 617 00:32:03,560 --> 00:32:08,959 Speaker 13: from from the pressures of being an athlete and different 618 00:32:10,640 --> 00:32:12,440 Speaker 13: different conditions that come with that. 619 00:32:12,440 --> 00:32:15,800 Speaker 2: That's current Cleveland Brown star Miles Garrett speaking with our 620 00:32:15,880 --> 00:32:18,840 Speaker 2: own Randa Williams from New Orleans ahead of the Big Game. 621 00:32:19,360 --> 00:32:23,200 Speaker 2: NFL Hall of Famer and four time Super Bowl champion 622 00:32:23,280 --> 00:32:27,640 Speaker 2: quarterback Joe Montana was also there, and Vanessa Brudomo got 623 00:32:27,640 --> 00:32:29,480 Speaker 2: a chance to talk with him about the state of 624 00:32:29,520 --> 00:32:32,720 Speaker 2: the league and touched on what he thinks about the 625 00:32:32,840 --> 00:32:36,800 Speaker 2: NFL increasing its presence internationally. Let's listen to some of 626 00:32:36,840 --> 00:32:37,600 Speaker 2: their conversation. 627 00:32:38,320 --> 00:32:41,680 Speaker 12: Next Super Bowls in San Francisco. Are you mentally preparing 628 00:32:41,680 --> 00:32:42,360 Speaker 12: for that one already? 629 00:32:42,920 --> 00:32:44,640 Speaker 8: Uh? Yeah. The last time it was there was fun 630 00:32:45,280 --> 00:32:49,040 Speaker 8: and it's you like to go visit places like New 631 00:32:49,120 --> 00:32:52,760 Speaker 8: Orleans and in New York and LA and everywhere else 632 00:32:52,800 --> 00:32:54,800 Speaker 8: they have it. But it's fun when it's in the 633 00:32:54,800 --> 00:32:58,760 Speaker 8: Bay Area. You don't have to fight traffic in the airport. 634 00:32:58,880 --> 00:32:59,880 Speaker 6: Yeah. 635 00:33:00,160 --> 00:33:02,600 Speaker 12: I can imagine you're a little busy though, doing all 636 00:33:02,760 --> 00:33:04,760 Speaker 12: the press and all that stuff that you have to do. 637 00:33:05,160 --> 00:33:05,360 Speaker 2: Yeah. 638 00:33:05,680 --> 00:33:08,040 Speaker 8: I stay busy through you know, a good portion of it, 639 00:33:08,120 --> 00:33:11,640 Speaker 8: you know, from Thursday. A little bit slower towards the 640 00:33:11,720 --> 00:33:15,080 Speaker 8: end of the week. But it's always it's always fun 641 00:33:15,080 --> 00:33:17,040 Speaker 8: to come here. You run into some old people and 642 00:33:17,080 --> 00:33:19,040 Speaker 8: you all tell the same old lies. 643 00:33:19,200 --> 00:33:23,040 Speaker 12: Yeah. It does seem like the fraternity walking around radio 644 00:33:23,200 --> 00:33:26,600 Speaker 12: up for sure. So the NFL is thinking about going 645 00:33:26,600 --> 00:33:28,720 Speaker 12: to an eighteen game season, How do you what do 646 00:33:28,720 --> 00:33:29,280 Speaker 12: you think about that? 647 00:33:31,440 --> 00:33:33,840 Speaker 8: I think it's okay as long as they shorten the 648 00:33:33,880 --> 00:33:38,400 Speaker 8: preseason games. Nobody likes the preseason games. I think the 649 00:33:38,400 --> 00:33:42,400 Speaker 8: preseason games are more for a test of you know, 650 00:33:42,480 --> 00:33:46,240 Speaker 8: the younger guys that are the draftees and some teams 651 00:33:46,240 --> 00:33:49,720 Speaker 8: that you made traded for during the off season. 652 00:33:49,760 --> 00:33:52,440 Speaker 6: But yeah, I think it's okay. 653 00:33:52,480 --> 00:33:54,960 Speaker 8: I mean, you're going to play that many games anyway, 654 00:33:55,600 --> 00:33:58,120 Speaker 8: but if they can shorten and keep that to the 655 00:33:58,280 --> 00:34:00,760 Speaker 8: first part to a minimum, I think it would be fine. 656 00:34:01,280 --> 00:34:02,360 Speaker 8: Everybody likes playing for. 657 00:34:02,360 --> 00:34:06,480 Speaker 12: Real, right, Yeah, so the preseason games getting rid of 658 00:34:06,480 --> 00:34:08,920 Speaker 12: them wouldn't be super consequentially, you feel like to get 659 00:34:08,960 --> 00:34:11,359 Speaker 12: prepared for the season, No, I. 660 00:34:11,320 --> 00:34:15,160 Speaker 8: Think you know nowadays, even when I was still with 661 00:34:15,200 --> 00:34:17,600 Speaker 8: the Chiefs, we we would go down and practice again. 662 00:34:17,680 --> 00:34:23,719 Speaker 8: Our facility, our summer workout was near the what's near 663 00:34:23,800 --> 00:34:26,719 Speaker 8: the actually the Saints, and so we would go down 664 00:34:26,760 --> 00:34:29,279 Speaker 8: and scrimmage them in the pre while we were getting 665 00:34:29,320 --> 00:34:32,520 Speaker 8: ready for training camp. So I think there's ways to 666 00:34:32,520 --> 00:34:35,040 Speaker 8: get around doing that and timing things up. And everybody 667 00:34:35,080 --> 00:34:36,000 Speaker 8: will have the same problem. 668 00:34:36,680 --> 00:34:38,760 Speaker 12: As long as you're prepared going into the season. 669 00:34:38,760 --> 00:34:42,600 Speaker 8: Yes, it'll be it'll be an advantage for some veteran teams. 670 00:34:42,600 --> 00:34:45,759 Speaker 12: But that's fair, yeah, for sure. So the other thing 671 00:34:45,800 --> 00:34:47,680 Speaker 12: that the NFL is doing is adding a lot more 672 00:34:47,680 --> 00:34:50,520 Speaker 12: international games. We've seen that Australia got added. I mean, 673 00:34:50,560 --> 00:34:53,280 Speaker 12: that's that's quiet far away for travel. 674 00:34:53,560 --> 00:34:57,239 Speaker 8: My friend already called me, Hey, are you coming to 675 00:34:57,280 --> 00:34:58,759 Speaker 8: tell the NFL to bring you down here? 676 00:35:01,000 --> 00:35:01,239 Speaker 2: Leah? 677 00:35:01,280 --> 00:35:04,640 Speaker 6: He's on So I saw you. 678 00:35:05,080 --> 00:35:07,360 Speaker 12: You're excited about it? Is that not like as a 679 00:35:07,400 --> 00:35:09,640 Speaker 12: former player, what about if you were playing in those games? 680 00:35:09,800 --> 00:35:11,840 Speaker 8: Well, they were going to take them down there plenty 681 00:35:11,840 --> 00:35:15,840 Speaker 8: of time ahead, it would be my guess. And I 682 00:35:15,880 --> 00:35:18,319 Speaker 8: think going international is fun. I mean we only went 683 00:35:18,400 --> 00:35:21,759 Speaker 8: for preseason when when I was playing, But I think 684 00:35:21,760 --> 00:35:25,200 Speaker 8: playing games for real, it's a lot more meaningful than 685 00:35:25,200 --> 00:35:27,440 Speaker 8: it's better for the fans of that country. 686 00:35:27,840 --> 00:35:30,399 Speaker 12: Do you think do you see how global the game 687 00:35:30,400 --> 00:35:33,839 Speaker 12: of football has gotten since there's been more international football now? 688 00:35:34,120 --> 00:35:36,319 Speaker 8: Oh yeah, oh yeah. And I think that has been 689 00:35:37,000 --> 00:35:40,120 Speaker 8: what the NFL realized was that's been the biggest downfall, 690 00:35:40,200 --> 00:35:42,800 Speaker 8: was that they didn't try to go global earlier. 691 00:35:43,600 --> 00:35:45,600 Speaker 12: One of the things that we're seeing on the global 692 00:35:45,600 --> 00:35:47,960 Speaker 12: stage also is now that flag football has gotten added 693 00:35:47,960 --> 00:35:50,239 Speaker 12: to the Olympics for twenty twenty eight. What do you 694 00:35:50,280 --> 00:35:51,840 Speaker 12: think about that being added to the Olympics. Do you 695 00:35:51,880 --> 00:35:53,480 Speaker 12: think it's going to do even more for the NFL 696 00:35:53,520 --> 00:35:54,600 Speaker 12: and just football in general. 697 00:35:55,040 --> 00:35:57,520 Speaker 8: I think that definitely would do more for football in general. 698 00:35:59,320 --> 00:36:02,560 Speaker 8: Is an Olympics sport? Who knows. I mean there's all 699 00:36:02,600 --> 00:36:05,600 Speaker 8: kind of crazy things in there. Yeah, right, so, but 700 00:36:05,800 --> 00:36:08,600 Speaker 8: it'll be fun for people to watch. It's always exciting, 701 00:36:08,680 --> 00:36:12,280 Speaker 8: balls always getting thrown around. They will help teach people 702 00:36:12,320 --> 00:36:15,280 Speaker 8: what football really is about. 703 00:36:15,640 --> 00:36:17,719 Speaker 12: It remains to be seen if NFL players are going 704 00:36:17,760 --> 00:36:19,000 Speaker 12: to be able to play in it, or we're going 705 00:36:19,080 --> 00:36:20,720 Speaker 12: to want to play in it. Would you have played, 706 00:36:21,080 --> 00:36:22,840 Speaker 12: I mean Olympians a different title? 707 00:36:23,880 --> 00:36:24,839 Speaker 6: Yeah, first, just. 708 00:36:24,800 --> 00:36:27,840 Speaker 8: Think it's I think it's a little different than like 709 00:36:27,920 --> 00:36:31,759 Speaker 8: the NBA and all that. It's still a physical game 710 00:36:31,800 --> 00:36:35,239 Speaker 8: in the NBA, but I think that the what the 711 00:36:35,280 --> 00:36:37,960 Speaker 8: guys are making these days, I don't think the owners 712 00:36:38,000 --> 00:36:41,760 Speaker 8: will want to have them running around playing flag football 713 00:36:42,120 --> 00:36:43,840 Speaker 8: for the Olympics. 714 00:36:43,960 --> 00:36:44,359 Speaker 1: That's fair. 715 00:36:44,719 --> 00:36:46,319 Speaker 12: So what it is going to do is a lot 716 00:36:46,360 --> 00:36:48,839 Speaker 12: for women's flag football, right and now we're seeing that 717 00:36:49,200 --> 00:36:50,720 Speaker 12: as a big, big step. 718 00:36:50,800 --> 00:36:53,480 Speaker 8: Yeah, you see that more and more everywhere that flag 719 00:36:53,560 --> 00:36:57,960 Speaker 8: is coming up instead of padded football stays to a 720 00:36:58,000 --> 00:37:00,920 Speaker 8: certain age, and I think that's fun. I think early 721 00:37:00,960 --> 00:37:03,400 Speaker 8: on for kids, pads are okay. I always say, because 722 00:37:03,400 --> 00:37:06,919 Speaker 8: when they're really little, it's like bunch, Paul right, nobody. Yeah, 723 00:37:07,120 --> 00:37:08,520 Speaker 8: they all go in a bunch, and then they all 724 00:37:08,520 --> 00:37:08,880 Speaker 8: fall down. 725 00:37:08,880 --> 00:37:09,800 Speaker 12: You're not reading the playbook. 726 00:37:10,640 --> 00:37:14,560 Speaker 8: And then what happens is when when one guy gets 727 00:37:15,400 --> 00:37:17,759 Speaker 8: all of a sudden, there's one or two guys that 728 00:37:18,000 --> 00:37:21,880 Speaker 8: grow faster than others, and that's when the game becomes difficult, 729 00:37:21,880 --> 00:37:24,000 Speaker 8: I think for kids in the contact side of it. 730 00:37:24,480 --> 00:37:26,680 Speaker 8: So yeah, I'm all for it and whatever. You know, 731 00:37:26,840 --> 00:37:28,800 Speaker 8: early on pads and then go the flags. 732 00:37:28,880 --> 00:37:31,359 Speaker 12: Yeah, And last week got to ask, are you picking 733 00:37:31,400 --> 00:37:32,160 Speaker 12: your former team? 734 00:37:32,360 --> 00:37:32,640 Speaker 1: Yeah? 735 00:37:32,680 --> 00:37:34,799 Speaker 8: I got to it's hard to be. It's hard to 736 00:37:34,800 --> 00:37:38,600 Speaker 8: bet against them. I think everybody likes to see Philly win, 737 00:37:38,680 --> 00:37:40,640 Speaker 8: but it's hard to begin bet against the Jeez. 738 00:37:41,000 --> 00:37:45,040 Speaker 2: That's NFL legend. Joe Montana speaking with our Vanessa Perdomo 739 00:37:45,200 --> 00:37:48,279 Speaker 2: this week from New Orleans on Radio Row. And that 740 00:37:48,400 --> 00:37:51,279 Speaker 2: does it for this special Big Game edition of The 741 00:37:51,280 --> 00:37:55,040 Speaker 2: Bloomberg Business of Sports. For my colleagues Damian Sasauur and 742 00:37:55,080 --> 00:37:58,640 Speaker 2: Scarlett Fou, I'm Michael Barr Special thanks to Bloomberg original 743 00:37:58,680 --> 00:38:02,719 Speaker 2: sports correspondent for US A Predomo, Thank you, and Bloomberg 744 00:38:02,840 --> 00:38:06,760 Speaker 2: US sports business reporter Randall Williams for their work down 745 00:38:07,040 --> 00:38:11,799 Speaker 2: in New Orleans and the crew that went down that'sh. Sebastian. 746 00:38:12,000 --> 00:38:15,680 Speaker 2: Thank you and thanks for joining us and enjoy the game. 747 00:38:16,120 --> 00:38:18,040 Speaker 2: Tune in again next week for the latest on the 748 00:38:18,040 --> 00:38:20,880 Speaker 2: stories moving big money in the world of sports, and 749 00:38:20,960 --> 00:38:24,719 Speaker 2: don't forget to catch our podcast on all your podcast platforms. 750 00:38:24,920 --> 00:38:28,719 Speaker 2: You're listening to Bloomberg Business of Sports from Bloomberg Radio 751 00:38:28,880 --> 00:38:29,840 Speaker 2: around the world.