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Speaker 1: Hello, I'm Michael barn and I'm Scott Sashnik. On this

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Speaker 1: weekly podcast, we explore the big money issues in the

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Speaker 1: world of sports and talk to some of the biggest

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Speaker 1: players in the industry. On today's show, we speak with

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Speaker 1: the senior vice president of Strategic Initiatives and the general

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Speaker 1: manager of Monumental Sports Network at Monumental Sports and Entertainment,

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Speaker 1: Zach ree Lyons. But first let's look at the top

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Speaker 1: stories of the week. Joining us is Bloomberg Business of

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Speaker 1: Sports reporter Evan Novie Williams. And let's start with the

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Speaker 1: story that you wrote, and it's about the NBA TV

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Speaker 1: ratings and they are giving the NFL a handful. Yeah,

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Speaker 1: the Christmas Day, which the NBA is very much trying

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Speaker 1: to make its biggest regular season day of the year,

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Speaker 1: turned in some pretty big ratings this year for the

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Speaker 1: NBA up on the ESPN networks over last year, including

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Speaker 1: as you know, a rematch of last year's Final between

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Speaker 1: the Warriors and the Cavaliers, which was not without its

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Speaker 1: fair share of controversy. Again, uh, NFL feels like you

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Speaker 1: need to put it in this claimer. The NFL is

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Speaker 1: still the giant in the room when it comes to

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Speaker 1: TV ratings. Uh, the NFL game on Christmas in a

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Speaker 1: down year, UM still did better, significantly better than the

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Speaker 1: best NBA game of the day. Uh. So I feel

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Speaker 1: the need to say that. Um. But yes, there's no

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Speaker 1: question that in the in the ratings gap between the

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Speaker 1: NBA and the NFL, the NBA is slowly closing that gap.

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Speaker 1: That you should say that, everybody should say that. If

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Speaker 1: you're gonna give any sort of perspective, you have got

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Speaker 1: to talk about the NBA as. Yes, ratings are going up,

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Speaker 1: but let's talk about total number of viewers, and the

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Speaker 1: NFL is still the unquestioned king of the hill. It's

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Speaker 1: not even close. Exactly do they shrink that difference even more?

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Speaker 1: I don't know. Perhaps in the day, as we're going

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Speaker 1: to talk about with Zach, in a world of scale

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Speaker 1: and digital on a global basis, will the NBA one

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Speaker 1: day have more eyeballs on its product in the NFL.

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Speaker 1: That's a different question than just what do we get

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Speaker 1: on ABC or ESPN this week. Yeah, and in an

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Speaker 1: age where we talked about NFL ratings going down, it

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Speaker 1: seems like every week they're down. Uh. The cost to

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Speaker 1: advertise in NBA games is going up higher than the

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Speaker 1: rate of viewers dropping out. So so the NFL is

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Speaker 1: on paste to make more money in TV ads than

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Speaker 1: then they were Uh in years past. NFL networks. We

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Speaker 1: can talk about whether the protests have taken a hit

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Speaker 1: for the NFL ratings wise, but I'll tell you one

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Speaker 1: thing that is hurting the NFL, what the Sam Hill

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Speaker 1: is a catch? Because people are trying to watch the

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Speaker 1: game and they are still trying to figure out, well,

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Speaker 1: what are the rules. It's so complicated that I think

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Speaker 1: people are like, I don't know what to do. Not

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Speaker 1: only is it complicated, the rules are also changing. I mean,

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Speaker 1: if you were an NFL fan twenty years ago, what

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Speaker 1: was defined as a catch then is fundamentally different than

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Speaker 1: what was a catch now. And you're right when we

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Speaker 1: saw with Pittsburgh and New England a couple of weeks ago, Uh,

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Speaker 1: these are game defining decisions, you know, and in that case,

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Speaker 1: UH flipped who is going to be the number one

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Speaker 1: seed in the a f c Uh, You're right. I

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Speaker 1: think for for fans that's one of the one things,

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Speaker 1: one of the big things that need to be addressed

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Speaker 1: right now is getting an understanding of the rule book.

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Speaker 1: Concussions obviously another one you know. The NFL has has

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Speaker 1: struggled this year to make its concussion policy consistent and

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Speaker 1: fans get upset about it. Another story, Evan, that you

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Speaker 1: were involved in in another topic, Buffalo billionaire Terry Bigola

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Speaker 1: and his wife they are expanding their sports empire again.

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Speaker 1: The Buffalo Bills and Savers owners Terry and Kim Pogoula

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Speaker 1: are buying the Buffalo Buttes, the women's National Hockey League team,

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Speaker 1: which is a huge deal for for fans of women's

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Speaker 1: professional hockey out there. This is the first uh W

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Speaker 1: NHL team that is going to be owned by a

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Speaker 1: an NFL and an NHL owner. UM, it's the first

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Speaker 1: one not owned by the league itself, which is obviously

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Speaker 1: a big deal for a league that started just two

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Speaker 1: years ago. Not a lot of money in this. I

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Speaker 1: don't know exactly what they paid. I can't imagine it

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Speaker 1: was all that much, but the league has games that

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Speaker 1: are broadcast on Twitter, They're selling merchandise. It's the first

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Speaker 1: league in North America to pay women to play hockey. UM.

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Speaker 1: Certainly an exciting day for for women's professional hockey. If

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Speaker 1: I could watch the USA women play the Canadian women

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Speaker 1: on a consistent basis. That's something I would tune into.

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Speaker 1: I just don't know a lot of these players. We

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Speaker 1: know that this is not going to draw a whole

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Speaker 1: lot of eyeballs. So you wonder does sponsorship come attached?

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Speaker 1: This is one of those do you have to buy

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Speaker 1: this if you want Sabers and Bills in Buffalo, if

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Speaker 1: you want to be attached to the major sports franchises.

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Speaker 1: Let's see how they do it. Clearly a labor of love.

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Speaker 1: Because Terry Pogola, as we know, built the ice arena

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Speaker 1: at pent State, so he has given a lot of

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Speaker 1: money to the sport on many levels. Let's see if

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Speaker 1: he can make a nickel or two out of this.

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Speaker 1: Let's talk about another topic, and this is file this

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Speaker 1: under the well if I own the team, Let's talk

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Speaker 1: about Miami businessman where he Moss. He has men that

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Speaker 1: if he owned the Miami Marlins, he wouldn't be doing

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Speaker 1: this salary dump for lack of a better term, right now, Yeah,

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Speaker 1: a little context that Derek Jeter and Bruce Sherman traded

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Speaker 1: Yello John Carlos Stanton. They are really drastically cutting payroll.

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Speaker 1: That was a big interview with Dan LeBatard and the

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Speaker 1: Commissioner of Baseball Rob Manfred. What did Baseball know? Did

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Speaker 1: they know they're going to trade these particular players? And

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Speaker 1: then Horree Moss comes out and says, who been on

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Speaker 1: the team but didn't get it? He built he bid

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Speaker 1: to two hundred million dollars less. He came out and said, well,

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Speaker 1: I wouldn't have done it this way. We would have

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Speaker 1: had a much higher payroll. So the folks in South

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Speaker 1: Florida are none too pleased with should I do a

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Speaker 1: Bob shepperdentation? You want to have number two? Derek Ga

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Speaker 1: Maybe I should die? Maybe, But but you know Mr

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Speaker 1: Derrick Jeeter, Mr Wonderful, everybody loves Derek. And I did

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Speaker 1: I say this on this show last week of the

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Speaker 1: week before that, somebody had said to me that who

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Speaker 1: to funk it when it's all said and done, Alex

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Speaker 1: Rodriquez would be more bod I mean, that's the way

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Speaker 1: we're headed. But we think, and all the sports bankers

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Speaker 1: I talked to at the time, we're very surprised that

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Speaker 1: this group spent as much money at it as it

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Speaker 1: did for that money losing franchise and they're out there

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Speaker 1: right now, trying to raise some more money because Bruce

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Speaker 1: Sherman wants to lower his commitment. So interesting times in

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Speaker 1: South Florida. This seems like a really easy thing for

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Speaker 1: Jorgey Moss to say, right, it's not his money anymore.

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Speaker 1: He didn't get the team, he's not running it. Um,

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Speaker 1: it would have cost a hundred and forty million dollars

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Speaker 1: to keep the team together. Uh, the team doesn't draw

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Speaker 1: that well. It seems kind of unrealistic to expect Marlon's

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Speaker 1: owners to pay a hundred and forty million dollars in payroll. Uh,

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Speaker 1: so obviously there was gonna be some slashing involved. Has

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Speaker 1: Jeter gone too far from many fans? Yeah, it seems

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Speaker 1: like he has. But he inherited a team that has

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Speaker 1: what four million dollars worth of debt. I mean, you

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Speaker 1: have to pay that off in some way, and and

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Speaker 1: cutting salary is a way that teams do it. It

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Speaker 1: happens across all four major sports. We've seen it be

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Speaker 1: successful in other sports. Certainly the Astros are an example

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Speaker 1: of of it working. Um, it's too early, in my opinion,

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Speaker 1: just to judge Derek teter On on what his ownership

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Speaker 1: has done so far in South Florida. Evan is always busy,

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Speaker 1: but boy he was busy this week. Thank you very much,

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Speaker 1: our thanks to Bloomberg Business of Sports reporter Evan Nobody Williams.

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Speaker 1: And now our interview with Senior Vice President of Strategic

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Speaker 1: Initiatives and the general manager of Monumental Sports Network head

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Speaker 1: Monumental Sports and Entertainment, Zach Leans. Zach, do you have

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Speaker 1: enough titles in there? I mean, who came up with that? Was?

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Speaker 1: Was that you? Or they just give it to you? Well,

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Speaker 1: I mean we were working on Monumental and it just

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Speaker 1: started to expand into other verticals and whatnot, which I

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Speaker 1: think will be definitely digging into today. Yeah, that's what

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Speaker 1: I love about Monumental. If I said to you, or

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Speaker 1: if somebody came up to you and said, Monumental Sports

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Speaker 1: and Entertainment MSc, what is that? I'm not familiar with it?

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Speaker 1: Where do you begin? Well? I like to take some

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Speaker 1: pride in calling ourselves the fastest growing sports entertainment and

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Speaker 1: media company in North America, hopefully the world at some point.

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Speaker 1: I mean obviously people know us best. For some of

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Speaker 1: our big league teams, the Washington Capitals of Washington Wizards,

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Speaker 1: will be also have a w NBA team in the

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Speaker 1: Washington Mystics. We've launched two Arena Football League teams in

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Speaker 1: the Washington Valley and the Baltimore Brigade. We've got two

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Speaker 1: Minor league hockey teams in the h L Isisue Bears

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Speaker 1: and the e C h L South Carolina Sting Rays.

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Speaker 1: Were launching a brand new G League team called the

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Speaker 1: Capital City Go Go. We're launching an MBA to kate

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Speaker 1: Team UM in the Wizards. This are gaming, and we've

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Speaker 1: also made an investment in an endemic E sports franchise

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Speaker 1: called Team liquid Um, which a lot of people kind

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Speaker 1: of consider to be the Yankees of E sports, playing

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Speaker 1: entitles like League of Legends and Dota two and see

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Speaker 1: Us Go in the like. We've got our arena, Capital

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Speaker 1: One Arena located in downtown Washington, d C. And then

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Speaker 1: we have a big media partnership with Comcasts and NBC

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Speaker 1: Sports Washington here in our area where we're minority equity owners.

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Speaker 1: And then we've launched Monumental Sports Network, which is are

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Speaker 1: over the top director consumers sister network to NBC Sports Washington.

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Speaker 1: So we continue to grow and expand, I think in

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Speaker 1: two thousand and eighteen. We really want to perfect a

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Speaker 1: lot of our craft. UM, but we do continue to

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Speaker 1: invest in sort of a sport related opportunities. UM. We

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Speaker 1: are big in new media, big and East sports starting

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Speaker 1: to get big, and gaming and gambling as that becomes

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Speaker 1: more and more relevant. It's a lot of different interesting

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Speaker 1: touch points that we're seeing in Washington, d C. All right, well,

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Speaker 1: that's all the time we have today. Thank you DR

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Speaker 1: for joining us. All Right, let's go. Let's let's backtrack

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Speaker 1: and now that everybody knows all the things are into,

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Speaker 1: let's slice and dice a little bit. You mentioned the sports.

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Speaker 1: Let's start there because it's up and coming. Everybody I

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Speaker 1: talked to was investing in it, but they're really not

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Speaker 1: sure what they have. Now you're investing alongside Peter Goober

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Speaker 1: now he's an owner of the Dodgers and the Warriors,

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Speaker 1: Jeff Nick, he's one of the owners of the Lightning.

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Speaker 1: Do you get the sense? Am I accurate? And that

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Speaker 1: people want to be there, but they're just not sure

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Speaker 1: what the end goal is? Where is they're there? I

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Speaker 1: think people have been thinking that way for a couple

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Speaker 1: of years now, and what I do fear for people

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Speaker 1: who are trying to get into the space. Is that, UM,

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Speaker 1: there are probably some opportunities that have been missed at

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Speaker 1: this point because valuations are increasingly higher and higher and higher. UM.

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Speaker 1: We really took a bit of a plunge into e

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Speaker 1: sports about sixteen and seventeen months ago by investing in

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Speaker 1: the team Liquid, and it came after probably two full

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Speaker 1: years of research and customer and strategic partner interviews in

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Speaker 1: the life because you know, we first heard about an

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Speaker 1: e sport events selling out Medicine Square Garden, and of

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Speaker 1: course that piped our interests and we raised our hand

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Speaker 1: and said we'd love to host a Super Bowl equivalent

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Speaker 1: events at Capital One Arena, and we basically got laughed at, right,

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Speaker 1: And I think a lot of other sports organizations probably

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Speaker 1: had a similar experience. Because we were done in the space,

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Speaker 1: we didn't really know what this community was all about,

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Speaker 1: and we needed to do our homework to really understand

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Speaker 1: why it was relevant, why it was so beautifully organic

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Speaker 1: UM and what really makes that audience so special. And

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Speaker 1: it's a complicated ecosystem too, I mean, there are so

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Speaker 1: many different layers to that UM food chain, so to speak,

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Speaker 1: with publishers, tournament organizers, brands that are trying to get

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Speaker 1: into the space, both endemic and non endemic new media partnerships,

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Speaker 1: and then these teams. And you know what I think

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Speaker 1: is most amazing about E sports is it's really the

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Speaker 1: very first live event category where digital is the absolute

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Speaker 1: primary distribution source and cable is the secondary complimentary one. Forever,

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Speaker 1: cable has always been the primary channel for distribution of

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Speaker 1: live sports and digital than the complimentary one, and now

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Speaker 1: it's slowly starting to creep in. You see a lot

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Speaker 1: more bo t T offerings. I listened to your podcast

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Speaker 1: last week with Peter Cohen. I thought that was He

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Speaker 1: was very bright and brought up a lot of great points. Clearly,

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Speaker 1: the new media landscape is shifting for sports, but everyone's

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Speaker 1: really watching the sports to figure out how do we

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Speaker 1: create a business around media for this next generation of

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Speaker 1: fan that won't pay subscriptions, UM that is quick to

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Speaker 1: chew out inauthentic ad campaigns and brand experiences and is

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Speaker 1: more interested in following star power, interacting with community members

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Speaker 1: through chat while watching online, and is watching primarily on

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Speaker 1: mobile or tablet displays. You have to help an old

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Speaker 1: man here. I just got an Atari video gaming system

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Speaker 1: for Christmas, and I'm like, heck, yeah, now this is

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Speaker 1: what video gaming is all about. And then we have

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Speaker 1: the entire E sports genre and I you have to

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Speaker 1: help me understand. This is huge what makes this so popular?

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Speaker 1: So it is enormous, um if you think about this. So,

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Speaker 1: the League of Legends World Championships was about two months ago,

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Speaker 1: held in Beijing, UM at a nearly sold out Bird's

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Speaker 1: Nest Stadium, and eighty million people watched online via Twitch.

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Speaker 1: I mean that is big audience and we're approaching Super

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Speaker 1: Bowl size numbers, right. So you know a lot of

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Speaker 1: people will ask me, well, as E sports really a sport,

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Speaker 1: and typically my responses, you're missing the point. It doesn't

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Speaker 1: really matter if it's a sporting event. People have debated

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Speaker 1: that about NASCAR and golf. Um, this is big and important,

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Speaker 1: and it's big because it's a primarily young audience, and

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Speaker 1: it's a younger audience that doesn't watch traditional sports like

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Speaker 1: we do today. I went to E three last June,

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Speaker 1: which is one of the biggest E sport conferences in

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Speaker 1: the world, held in l A and I was talking

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Speaker 1: to a few E sports fans just kind of picking

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Speaker 1: people's brains. Is that a Team Liquid demo for Quake,

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Speaker 1: which is a title produced by or published by but

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Speaker 1: does the soft work. And I said, are you watching

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Speaker 1: the NBA Finals? Said nope, I don't have cable. Well

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Speaker 1: it's on ABC. It's on network, so you actually could

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Speaker 1: watch it, but you didn't even realize it was on

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Speaker 1: network television. He goes, yeah, Well, I'm I'm a way

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Speaker 1: bigger Legal Legends fan and my favorite players Faker and

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Speaker 1: Faker is the you know, Lebron equivalent in League of Legends.

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Speaker 1: And if he would have walked on to the conference floor,

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Speaker 1: he would have been mobbed by fans asking for autographs, pictures, selfies,

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Speaker 1: and the like. And so there have been some unbelievable

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Speaker 1: sort of meteoric rises in star power that people are

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Speaker 1: attracted to. And not only do they watch them play

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Speaker 1: live in real matches, but they watch them practice on

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Speaker 1: a daily basis. Players are getting online and streaming themselves.

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Speaker 1: They're giving pointers and tips as to why they play

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Speaker 1: a certain way. Because I think one of the great

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Speaker 1: things about the sports is it's incredibly accessible. It doesn't

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Speaker 1: matter really how old you are, if you're male or female,

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Speaker 1: you know, all of these factors are taken out of

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Speaker 1: play UM your scores, your score, and everyone can improve

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Speaker 1: and get better if they continue to play and play

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Speaker 1: and play. But it's important to understand lastly that there

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Speaker 1: are a lot of video games out there and they're

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Speaker 1: publisher they're published by companies like Activision or Riots or

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Speaker 1: but does the soft Works. But not all video games

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Speaker 1: are e sports. E sports are multiplayer UM typically five

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Speaker 1: v five or three v three. Some are one v

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Speaker 1: one UM, but they're embraced by community in chat boards

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Speaker 1: on Twitch and people start to crowd fund prize money

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Speaker 1: for people to participate in tournaments and the like. People

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Speaker 1: attach themselves to team brands where you know, they believe

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Speaker 1: in the team's values as opposed to their you know, geolocation.

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Speaker 1: Right now, teams aren't necessarily geolocated or tied to a

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Speaker 1: specific region in the sports, so they're international in nature.

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Speaker 1: There's just a lot of really cool activity happening in

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Speaker 1: the sports that I think is very relevant for professional

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Speaker 1: team operators to pay attention to, particularly as we look

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Speaker 1: at new media distribution for our existing team rights and

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Speaker 1: then reaching that next generation of fan that may never

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Speaker 1: have cable and may never come to our billing, and

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Speaker 1: so we have to be cognizant about, well, how do

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Speaker 1: we garner an engender fandom within the younger generation of people.

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Speaker 1: I had the over under a Twitch mentions at three,

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Speaker 1: you were the under So let me bring in the

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Speaker 1: third mention of Twitch. The NBA is experimenting with its

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Speaker 1: G League, and something John Skipper told me a long

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Speaker 1: time ago seems to be appropriate here this about scale.

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Speaker 1: If you can aggregate eyeballs, he doesn't care what it is,

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Speaker 1: where it is. If it can aggregate eyeballs, he wants

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Speaker 1: it because then it's his job to monetize. Is that

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Speaker 1: how you look at it? Yeah, I don't think that's

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Speaker 1: a terrible way to think about it. And I think

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Speaker 1: what we're so fortunate and lucky to have working in

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Speaker 1: professional sports is sort of that last fashion of live

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Speaker 1: appointment viewing within the media landscape. I mean, no one

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Speaker 1: watches UM Thursday night at seven pm to watch their

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Speaker 1: favorite show debut anymore. It's just yet that's an old

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Speaker 1: muscle memory from previous generations, like where's where's the creativity?

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Speaker 1: Where's the creativity? Where's the creativity? I think like American

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Speaker 1: Idol captured for a little while Survivor Captured it for

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Speaker 1: a little while. American Ninja Warrior captured it for a

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Speaker 1: little while, But there's no staying power. It does seem

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Speaker 1: as if sports is the only thing, because of the

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Speaker 1: unscripted nature, that has that staying power. And it's one

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Speaker 1: of the most the last predictable things too. The puck

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Speaker 1: is always being dropped at seven oh seven pm. The

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Speaker 1: ball is always being tipped off at eight pm. Uh,

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Speaker 1: you know, for for West Coast audiences or whatnot. Right,

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Speaker 1: it's always on time, and there's always a game to

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Speaker 1: watch the national deals or through the regional partnerships that

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Speaker 1: have been forged by the individual teams themselves. And on

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Speaker 1: top of that, sports is the last staple of that's

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Speaker 1: really keeping the cable bundle together. It's the last piece

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Speaker 1: of programming that you have to be a subscriber to

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Speaker 1: either a satellite or cable service. To watch all eighty

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Speaker 1: two Capitals or Wizards games, you have to be a

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Speaker 1: subscriber of NBC Sports Washington to have that. Now, you

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Speaker 1: can watch an authenticated experience through the NBC Sports Live app,

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Speaker 1: but still have to be subscribed to a cable service,

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Speaker 1: or at least your parents have to be subscribed to

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Speaker 1: a cable service, I should say um and and so

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Speaker 1: you know, I do think that if you look at

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Speaker 1: the sort of the top forty most highly rated events

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Speaker 1: last year, it's all sporting events and be a finals,

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Speaker 1: game one, game two, game three, game four, game five,

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Speaker 1: Super Bowl, right, Sailey Cup Finals, World Series, they're all

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Speaker 1: They're consistently UM and because of that, it's still a

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Speaker 1: very attractive place for advertisers to spend dollars to. You know,

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Speaker 1: people are tuning in as opposed to watching on t

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Speaker 1: VO later. I mean that's a very very small subsect

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Speaker 1: of the audience that's recording a game to watch it

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Speaker 1: later because they're busy at another event or whatnot. I mean,

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Speaker 1: it just doesn't happen that often. We are chatting with

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Speaker 1: Zach Leonsis, Senior VP of Strategic Initiatives for Monumental Sports

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Speaker 1: and Entertainment, and you guys started the O T T network.

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Speaker 1: My guess is that it's a hedge against wherever we're going.

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Speaker 1: You're up and running, it's a testing ground. You're pricing.

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Speaker 1: I was always curious in the pricing eight month, if

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Speaker 1: you sign up for a one year commitment without it,

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Speaker 1: how did you come up with the pricing for that network,

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Speaker 1: So we actually have some new pricing Scott's correct correct No, no, correctly,

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Speaker 1: everybody else in my life does. So we've actually split

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Speaker 1: up our packages to really start to define video versus

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Speaker 1: the other benefits of we have that we have for

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Speaker 1: being a member. Um. So obviously we we've really found

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Speaker 1: ourselves to be students of Amazon Prime and the bundling

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Speaker 1: of not just video but in real life membership only

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Speaker 1: experiences and merchandise opportunities too. So we now offer a

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Speaker 1: six per month video pass and then we offer the

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Speaker 1: i P memberships at for a year and then includes

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Speaker 1: all of our video as well as a merchandise discount

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Speaker 1: within our team store and a once monthly team events

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Speaker 1: complementary ticket opportunity or experience. So um, last month it

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Speaker 1: was a cooking class with the Capitol's players, so the

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Speaker 1: first three hundred subscribers to RCP got access for them

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Speaker 1: in a plus one who Made Who and cook pasta

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Speaker 1: with Madison Valley. Right. Next week it might be a

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Speaker 1: holiday mixology class with Otto Porter. Right. These are these

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Speaker 1: experiential in real life opportunities that you can bungle as

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Speaker 1: part of a subscription package. Ways of linear television just can't.

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Speaker 1: What I I'm really excited about with Monumental Sports Network

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Speaker 1: bill is it allows us to experiment not just with

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Speaker 1: different packages, but with different production techniques. You know, if

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Speaker 1: you if you watch an RSN broadcast, those broadcasts could

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Speaker 1: be fifty sixty seventy thousand dollars per game. Not all

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Speaker 1: of our games need to be fifty six or seventy

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Speaker 1: thousand dollar broadcasts. They can be one thousand dollar broadcasts,

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Speaker 1: five thousand dollar broadcast, ten thousand, twenty thousand, thirty thousand,

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Speaker 1: just based on the quality of content, the quality of

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Speaker 1: rights that were streaming online. And so if you give

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Speaker 1: yourself that flexibility, you allow yourself the ability to scale

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Speaker 1: and sort of reach long tail, which is what we've

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Speaker 1: done with high school sports and programming in the d

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Speaker 1: m V this year, will do well over five hundred

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Speaker 1: live events, will do well over a hundred hours of

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Speaker 1: original programming for our subscribers behind our pay wall, but

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Speaker 1: will also experiment listen streaming through social platforms like Facebook

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Speaker 1: and Twitter. I think it is a great platform for

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Speaker 1: further development of e sports, particularly and if they ever

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Speaker 1: become regionalized in the future. I think it is a

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Speaker 1: platform for digital gaming experiences where you're watching the game

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Speaker 1: through a video player and then gaming directly on top

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Speaker 1: of it through special overlays that will be developed. UM

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Speaker 1: we have a really cool partnership with kiss we Mobile

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Speaker 1: that allows you to um switch back and forth between

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Speaker 1: multiple camera angles and the broadcast, rewind clip and share

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Speaker 1: the social So a lot of different very cool tools

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Speaker 1: that you can do in the digital world that you

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Speaker 1: really can't be a linear and NBC Sports as an

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Speaker 1: equity partner and monumental sports network, and I think that

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Speaker 1: they've seen value in it, not only because we're directed

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Speaker 1: consumer and acquiring a lot of data. We're building a

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Speaker 1: secondary subscriber base while the primary subscriber based declines, but

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Speaker 1: it also allows them a great Petrie dish to experiment

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Speaker 1: with new technologies with so um it's been a great

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Speaker 1: project so far. We are very excited about year two.

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Speaker 1: Encourage you guys to visit the network or download our app.

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Speaker 1: Check out our brand new seven linear feed. You will

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Speaker 1: you will see that our network feels very much just

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Speaker 1: like a regular TV network with now well, I heard food,

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Speaker 1: so you know I'm in. And since you guys have

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Speaker 1: the Washington Wizards, you guys are right now on the

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Speaker 1: momentum side of the four major sports food groups, as

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Speaker 1: I like to call it. Many people are believing that

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Speaker 1: the NBA will be number one one day simply because,

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Speaker 1: as they said, because of the length of the games,

429
00:24:43,840 --> 00:24:47,960
Speaker 1: it's shorter, uh and more exciting to watch than even

430
00:24:48,000 --> 00:24:51,359
Speaker 1: the National Football League. I'd have to agree with that.

431
00:24:51,520 --> 00:24:54,800
Speaker 1: I think that my dad and I definitely believe in

432
00:24:54,800 --> 00:25:00,119
Speaker 1: the school thought that indoor sports have incredible advantages when

433
00:25:00,119 --> 00:25:04,159
Speaker 1: it comes through entertaining the next generation of fans, and

434
00:25:04,200 --> 00:25:09,600
Speaker 1: it's because basketball and hockey combined are incredibly fast. In basketball,

435
00:25:09,680 --> 00:25:14,400
Speaker 1: there's constant scoring and most of all, there's great quality

436
00:25:14,480 --> 00:25:19,040
Speaker 1: control for data collection. So we're really, uh, we're really

437
00:25:19,040 --> 00:25:21,120
Speaker 1: excit about an investment we've made in a company called

438
00:25:21,200 --> 00:25:25,840
Speaker 1: sport radar Um, which has incredible infrastructure empowers all the

439
00:25:25,920 --> 00:25:30,640
Speaker 1: data collection for the NFL, n b A, and and NHL,

440
00:25:31,520 --> 00:25:35,560
Speaker 1: and you're able to get pinpoint accuracy and start to

441
00:25:35,760 --> 00:25:42,439
Speaker 1: relay data as content, which I think savvy sports fans creates. Um.

442
00:25:42,560 --> 00:25:46,879
Speaker 1: You also can't deny the international appeal in nature that

443
00:25:46,960 --> 00:25:50,280
Speaker 1: the NBA has developed, and now they're starting to develop

444
00:25:50,320 --> 00:25:54,240
Speaker 1: academies in India and Africa, just like they did in China,

445
00:25:54,320 --> 00:25:57,399
Speaker 1: and we see how big the NBA game has gotten there.

446
00:25:57,520 --> 00:26:00,119
Speaker 1: So I do think that the NBA is the is

447
00:26:00,200 --> 00:26:04,440
Speaker 1: global of the North American UH major four leagues. I mean,

448
00:26:04,480 --> 00:26:08,040
Speaker 1: they're trying to compete now with you know, the EPL

449
00:26:08,160 --> 00:26:11,879
Speaker 1: teams in Europe, and I don't think that's too far away.

450
00:26:11,960 --> 00:26:15,160
Speaker 1: We're definitely bullish on where the NBA is heading. Zach.

451
00:26:15,200 --> 00:26:16,920
Speaker 1: We need so much more time. I mean, you mentioned

452
00:26:16,920 --> 00:26:18,800
Speaker 1: your dad. I don't think we had talked about him yet.

453
00:26:18,880 --> 00:26:22,160
Speaker 1: Ted leonsis a former AOL executive, but you did mention

454
00:26:22,240 --> 00:26:25,520
Speaker 1: sport Radar NFL also an equity holder in that company,

455
00:26:25,600 --> 00:26:27,479
Speaker 1: and one of the big things they do is supply

456
00:26:27,800 --> 00:26:32,240
Speaker 1: live data to the betting houses around the world. Two

457
00:26:32,320 --> 00:26:38,240
Speaker 1: owners of US sports teams view legalized, federally regulated sports

458
00:26:38,240 --> 00:26:41,760
Speaker 1: betting as the next great revenue stream for them. You know,

459
00:26:41,920 --> 00:26:44,960
Speaker 1: I don't want to speak for any other ownership groups

460
00:26:45,000 --> 00:26:47,320
Speaker 1: besides ourselves. All right, I'll say, you're gonna be right,

461
00:26:47,359 --> 00:26:49,640
Speaker 1: so you tell me how you view it. I will

462
00:26:49,680 --> 00:26:52,400
Speaker 1: tell you that certainly my dad and I are proponents,

463
00:26:52,480 --> 00:26:55,760
Speaker 1: were such big proponents that we actually held a hearing

464
00:26:55,840 --> 00:27:00,560
Speaker 1: on Capitol Hill UM to advocate for it, and we're

465
00:27:00,640 --> 00:27:04,320
Speaker 1: advocating for it because it's a four hundred billion dollar

466
00:27:04,440 --> 00:27:10,360
Speaker 1: a year business that is unregulated and untaxed. And we've

467
00:27:10,400 --> 00:27:13,040
Speaker 1: been sharing this story a lot. I'll share it quickly here.

468
00:27:14,040 --> 00:27:16,399
Speaker 1: We live in a tri state area in Washington, d C.

469
00:27:16,680 --> 00:27:21,480
Speaker 1: Were bordered by Virginia and Maryland, and in Maryland gambling

470
00:27:21,600 --> 00:27:26,480
Speaker 1: is legal. MGM Grand National Harbor, five minutes across the

471
00:27:26,560 --> 00:27:30,760
Speaker 1: DC state line, might be the biggest casino resort in

472
00:27:30,840 --> 00:27:33,880
Speaker 1: their portfolio now. And if you go to their parking garage,

473
00:27:34,240 --> 00:27:38,600
Speaker 1: it's ten stories and it's all DC license plates. They're

474
00:27:38,680 --> 00:27:42,359
Speaker 1: a corporate partner at Monumental. They're the casino partner of

475
00:27:42,359 --> 00:27:46,200
Speaker 1: the Capitals and the Washington Wizards UM. Maryland Casino Live

476
00:27:46,440 --> 00:27:49,720
Speaker 1: is our second casino partner, and they they sponsor a

477
00:27:49,800 --> 00:27:53,280
Speaker 1: hospitality area at Capital One Area. And so we just

478
00:27:53,320 --> 00:27:55,080
Speaker 1: look at it and we go, oh, my gosh, what

479
00:27:55,240 --> 00:27:59,919
Speaker 1: a missed opportunity for Washington, d C. To participate for

480
00:28:00,080 --> 00:28:04,359
Speaker 1: a tax perspective, UM, when all of it's going to Maryland.

481
00:28:04,800 --> 00:28:07,879
Speaker 1: I think we like in what's happening now in gaming

482
00:28:07,880 --> 00:28:12,359
Speaker 1: and gambling to prohibition days, right, Um, you've outlawed it,

483
00:28:12,440 --> 00:28:15,159
Speaker 1: so you think you're stopping it, but that's not the

484
00:28:15,200 --> 00:28:19,760
Speaker 1: case at all. It's still happening, and when it's unregulated

485
00:28:19,880 --> 00:28:24,679
Speaker 1: and untaxed, that's when bad things can app Um. So

486
00:28:24,760 --> 00:28:28,360
Speaker 1: I think we keep asking who are we protecting? Are

487
00:28:28,400 --> 00:28:34,240
Speaker 1: we protecting these illegal bookmakers and the like? It doesn't

488
00:28:34,280 --> 00:28:38,400
Speaker 1: make any sense anymore, and we should embrace it because

489
00:28:38,560 --> 00:28:43,920
Speaker 1: it drives huge engagement around our teams and huge viewership

490
00:28:44,560 --> 00:28:48,560
Speaker 1: national and regional broadcasts. And there's no secret that you know.

491
00:28:48,720 --> 00:28:52,720
Speaker 1: That's why Monday night football is popular. Right, You lost

492
00:28:52,760 --> 00:28:55,040
Speaker 1: your weekend bets, so you want to make it up

493
00:28:55,080 --> 00:28:59,960
Speaker 1: on Monday. And it might be Cincinnati and Pittsburgh playing

494
00:29:00,120 --> 00:29:03,800
Speaker 1: two relatively small markets compared to the other thirty, but

495
00:29:03,960 --> 00:29:06,920
Speaker 1: you're gonna watch because you might have something on the

496
00:29:06,960 --> 00:29:10,400
Speaker 1: line there. So we do we we have become advocates

497
00:29:10,400 --> 00:29:13,959
Speaker 1: for gaming and gambling. We think there's huge benefits regulating

498
00:29:13,960 --> 00:29:17,120
Speaker 1: it that protects the sport and has also beneficial to

499
00:29:17,160 --> 00:29:19,600
Speaker 1: the fan as well. Now, Zach, I have spoken to

500
00:29:19,640 --> 00:29:21,680
Speaker 1: you about my son, and the listeners have heard about

501
00:29:21,680 --> 00:29:23,720
Speaker 1: my son, Little eight year old Jackson sitting right behind

502
00:29:23,760 --> 00:29:26,320
Speaker 1: us right now with his iPad in hand. The question

503
00:29:26,400 --> 00:29:29,000
Speaker 1: for you is, in this new world of second screen

504
00:29:29,080 --> 00:29:31,800
Speaker 1: or third screen experience, And I did ask this of

505
00:29:31,840 --> 00:29:35,560
Speaker 1: Peter Cohen as well, is it possible that the sport

506
00:29:35,840 --> 00:29:38,720
Speaker 1: which you are deeply ingrained in him, I know you

507
00:29:38,760 --> 00:29:42,280
Speaker 1: care about these sports. Is it possible that the social

508
00:29:42,720 --> 00:29:46,160
Speaker 1: or the betting becomes the first screen and that the

509
00:29:46,240 --> 00:29:49,280
Speaker 1: sport itself becomes the second screen sort of in the background.

510
00:29:49,440 --> 00:29:52,080
Speaker 1: Just something that has to happen for this other platform

511
00:29:52,120 --> 00:29:54,600
Speaker 1: and these other activities that the youngsters love so much.

512
00:29:55,600 --> 00:29:59,680
Speaker 1: Definitely possible for some people who are interested in that. Um,

513
00:29:59,720 --> 00:30:03,240
Speaker 1: I think we could definitely see, you know, programs like

514
00:30:03,400 --> 00:30:07,320
Speaker 1: Sports Center retro fitted into you know, sort of mad

515
00:30:07,360 --> 00:30:11,200
Speaker 1: Money style shows where you've got by side and sell

516
00:30:11,320 --> 00:30:14,720
Speaker 1: side analysts. Um. You know, we're we're we're bullish on

517
00:30:14,800 --> 00:30:18,120
Speaker 1: these players because they play well and adverse weather conditions

518
00:30:18,200 --> 00:30:21,320
Speaker 1: and third quarters when the team is five hundred and

519
00:30:21,360 --> 00:30:24,400
Speaker 1: a playoff opportunities on the line. I mean, that's the

520
00:30:24,480 --> 00:30:27,640
Speaker 1: sort of granular data points that are going to be

521
00:30:27,800 --> 00:30:31,600
Speaker 1: craved by by bettors in the future, and they already are.

522
00:30:31,800 --> 00:30:34,920
Speaker 1: They're just researching it and trying to find it out

523
00:30:35,240 --> 00:30:38,320
Speaker 1: in different ways. But I do still think that there

524
00:30:38,360 --> 00:30:41,680
Speaker 1: are sports fans and the majority of them are like this,

525
00:30:41,840 --> 00:30:44,160
Speaker 1: who just care about the teams. And I think that's

526
00:30:44,160 --> 00:30:47,280
Speaker 1: what we feel so fortunate about that. You know, twenty

527
00:30:47,360 --> 00:30:50,000
Speaker 1: years from now, I have no idea of I'll still

528
00:30:50,000 --> 00:30:52,480
Speaker 1: be using an iPhone or not, but I'm still gonna

529
00:30:52,480 --> 00:30:55,160
Speaker 1: be a Washington Capitals and a Washington Wizards fans. And

530
00:30:55,200 --> 00:30:58,400
Speaker 1: I think people are so brand loyal to their teams

531
00:30:58,440 --> 00:31:01,800
Speaker 1: as long as the teams treat them well. Um that

532
00:31:01,800 --> 00:31:06,239
Speaker 1: that passion and that built in community will last for

533
00:31:06,560 --> 00:31:10,960
Speaker 1: generations to come. People know that you're connected to obviously

534
00:31:11,000 --> 00:31:15,120
Speaker 1: to the Washington Capitals the Wizards. You own Capitol One Arena,

535
00:31:15,680 --> 00:31:18,080
Speaker 1: But you guys are also connected to the film industry.

536
00:31:18,080 --> 00:31:22,920
Speaker 1: You guys own Snag Films. Correct. Correct. So my dad

537
00:31:22,960 --> 00:31:28,600
Speaker 1: actually um created an independent film documentary um on a

538
00:31:29,040 --> 00:31:33,480
Speaker 1: on a book called Nan King. And it's not a

539
00:31:33,560 --> 00:31:38,080
Speaker 1: light family comedy. It's sort of a serious, dark natured movie.

540
00:31:38,720 --> 00:31:41,280
Speaker 1: But it did very well. It won an award at

541
00:31:41,320 --> 00:31:46,000
Speaker 1: Sundance and it won an Emmy Award. Unfortunately, though very

542
00:31:46,040 --> 00:31:49,720
Speaker 1: few people thoughts, and I think that my dad experienced

543
00:31:49,800 --> 00:31:52,680
Speaker 1: what a lot of film independent filmmakers see, as you

544
00:31:52,720 --> 00:31:55,480
Speaker 1: put your heart and your passion into building this great

545
00:31:55,520 --> 00:31:59,160
Speaker 1: movie and you don't get the distribution that it deserves.

546
00:31:59,160 --> 00:32:02,400
Speaker 1: And so my dad launched a platform called snag Films.

547
00:32:03,000 --> 00:32:06,040
Speaker 1: And what snag Films as an ad based business, free

548
00:32:06,080 --> 00:32:09,880
Speaker 1: to consume, available on almost every platform. But what snag

549
00:32:09,920 --> 00:32:13,560
Speaker 1: Films really unlashed for us was the ability to engage.

550
00:32:13,600 --> 00:32:17,640
Speaker 1: As an ot T network, we developed our own applications

551
00:32:17,680 --> 00:32:23,360
Speaker 1: and platforms, etcetera, user management systems, subscription management systems, and

552
00:32:23,360 --> 00:32:26,000
Speaker 1: then we started to white label out the business to

553
00:32:26,320 --> 00:32:30,880
Speaker 1: different customers and the like, including Monumental Sports Network, and

554
00:32:30,960 --> 00:32:35,040
Speaker 1: now that development agency is actually sort of the crown

555
00:32:35,200 --> 00:32:39,680
Speaker 1: jewel of that business. Um So it's interesting how you

556
00:32:39,680 --> 00:32:43,880
Speaker 1: know an entrepreneurs tale will take you from starting to

557
00:32:43,960 --> 00:32:47,320
Speaker 1: create an independent movie all the way to launching an

558
00:32:47,320 --> 00:32:49,920
Speaker 1: ot T digital development shop. You would never think that

559
00:32:49,960 --> 00:32:52,920
Speaker 1: those two could be connected. But that is the story

560
00:32:52,960 --> 00:32:56,000
Speaker 1: of how we've sort of ventured deeply into the O

561
00:32:56,200 --> 00:32:58,640
Speaker 1: T T world. But I'm gonna tell you where you

562
00:32:58,720 --> 00:33:02,480
Speaker 1: get most of my money. It's not DraftKings, it's not

563
00:33:02,520 --> 00:33:04,760
Speaker 1: the Wizards. It could be the capital because you know,

564
00:33:04,840 --> 00:33:08,440
Speaker 1: my little guy loves his hockey. He's a goal he's

565
00:33:08,600 --> 00:33:12,560
Speaker 1: he's insane. Yes, But as part of your VC fund,

566
00:33:12,600 --> 00:33:15,760
Speaker 1: you all your investments include Sweet Green. Yeah, that's where

567
00:33:15,800 --> 00:33:19,320
Speaker 1: you get the money because I stand online. My wife

568
00:33:19,320 --> 00:33:23,760
Speaker 1: goes there every single day for lunch. She's reached gold status.

569
00:33:23,840 --> 00:33:26,320
Speaker 1: Does she have a special card or something serious, which

570
00:33:26,360 --> 00:33:30,400
Speaker 1: is very serious. She gets invited to special events and whatnot. Um,

571
00:33:30,440 --> 00:33:32,800
Speaker 1: it's pretty remarkable. But yeah, they are killing it. It's

572
00:33:32,880 --> 00:33:35,680
Speaker 1: they're They're a great company, a great double bottom line

573
00:33:35,720 --> 00:33:40,240
Speaker 1: business making America healthy again. Um, it's a wonderful place.

574
00:33:40,760 --> 00:33:42,760
Speaker 1: It's so I mean, how sweet crea I I go.

575
00:33:42,880 --> 00:33:45,080
Speaker 1: I just call it like lots of salads. It's a

576
00:33:45,120 --> 00:33:48,000
Speaker 1: million choices of salads. But but it's good. I'm a

577
00:33:48,040 --> 00:33:50,160
Speaker 1: guy and I still like their salads. I think that's

578
00:33:50,160 --> 00:33:53,160
Speaker 1: pretty impressive. I love it. And by the way, I

579
00:33:53,200 --> 00:33:56,520
Speaker 1: also love it's no cash. It slows things down. No cash.

580
00:33:56,600 --> 00:33:59,320
Speaker 1: So another another place where you can test everything for

581
00:33:59,360 --> 00:34:02,880
Speaker 1: your for sports teams as well. Data oriented, right, You've

582
00:34:02,880 --> 00:34:06,160
Speaker 1: got to use their app to pay and their director consumer.

583
00:34:06,280 --> 00:34:10,920
Speaker 1: They gather a lot of information. Data capture on Sandy

584
00:34:11,000 --> 00:34:16,080
Speaker 1: customers incredibly important for optimization of the product, marketing, it's

585
00:34:16,120 --> 00:34:18,760
Speaker 1: so informative. They know if I come between the hours

586
00:34:18,760 --> 00:34:20,400
Speaker 1: of five and six, they can just get the harvest

587
00:34:20,400 --> 00:34:27,520
Speaker 1: Bowl ready exact Leon. Thank you very much for taking

588
00:34:27,560 --> 00:34:31,319
Speaker 1: time out of your vacation and calling in from California. Thanks.

589
00:34:32,560 --> 00:34:36,240
Speaker 1: Take away from the interview, I think what really caught

590
00:34:36,360 --> 00:34:40,320
Speaker 1: my ear is how Zach just simply said, you know what,

591
00:34:41,320 --> 00:34:44,319
Speaker 1: people just don't sit around the TV anymore the way

592
00:34:44,400 --> 00:34:47,960
Speaker 1: they used to, and at a particular time, people have

593
00:34:48,080 --> 00:34:53,680
Speaker 1: their own schedules and cable and network TV. That's going

594
00:34:53,719 --> 00:34:55,640
Speaker 1: to be a thing of the past, if it's not already.

595
00:34:56,040 --> 00:34:57,920
Speaker 1: It's not like I didn't know this already, because I've

596
00:34:57,960 --> 00:35:00,359
Speaker 1: know ted leons Is for a long time. I've known

597
00:35:00,440 --> 00:35:03,480
Speaker 1: Zach for a while now. But to see the generations

598
00:35:03,520 --> 00:35:07,080
Speaker 1: working together and Zach really kind of leading this O

599
00:35:07,400 --> 00:35:11,280
Speaker 1: T T and the new world order, it's it's interesting

600
00:35:11,360 --> 00:35:15,120
Speaker 1: to see all their tentacles where they are, how one

601
00:35:15,200 --> 00:35:18,600
Speaker 1: beast feeds the other, and how with the centerpiece of

602
00:35:18,719 --> 00:35:22,800
Speaker 1: the name recognition of the franchises, they are building this

603
00:35:22,960 --> 00:35:27,040
Speaker 1: sports and entertainment global more and more looking global company.

604
00:35:28,120 --> 00:35:31,520
Speaker 1: You don't want it feels better to be number one

605
00:35:31,520 --> 00:35:33,400
Speaker 1: than number five. I'll wear a number. Because of Mike,

606
00:35:33,560 --> 00:35:35,040
Speaker 1: we have a chance to go for three in a row.

607
00:35:35,120 --> 00:35:37,040
Speaker 1: Good numbers in a good time. And let's first started

608
00:35:37,080 --> 00:35:40,440
Speaker 1: wearing the number. I would just have the floomberg business

609
00:35:40,520 --> 00:35:44,520
Speaker 1: of sports. The number of the week. And now for

610
00:35:44,640 --> 00:35:47,239
Speaker 1: the number of the week. This is a surprise to know,

611
00:35:47,400 --> 00:35:49,640
Speaker 1: I think, don't forget. I've been on vacation, so I

612
00:35:49,920 --> 00:35:53,359
Speaker 1: don't know number. The number is nine. I'm gonna give

613
00:35:53,360 --> 00:35:56,800
Speaker 1: you a clue. It was warned by one of the

614
00:35:56,880 --> 00:36:02,239
Speaker 1: most famous sports figures ever. See you just you, just

615
00:36:03,760 --> 00:36:09,200
Speaker 1: does you? Doesn't want to beer a close man, Number nine,

616
00:36:09,480 --> 00:36:13,840
Speaker 1: Ted Williams, Boston Red Sox Slugger. Why am I bringing

617
00:36:14,960 --> 00:36:18,439
Speaker 1: because letters from the Red Sox Slugger and the Hall

618
00:36:18,480 --> 00:36:21,600
Speaker 1: of Famer are going up for sale. They're going up

619
00:36:21,640 --> 00:36:24,760
Speaker 1: for auction, provides him inside and the Ted Williams ada

620
00:36:24,800 --> 00:36:28,000
Speaker 1: is from baseball to serve in the Korean War. And

621
00:36:28,080 --> 00:36:30,800
Speaker 1: there are some letters that he penned to a mistress

622
00:36:30,840 --> 00:36:33,160
Speaker 1: from fifty two to fifty four, including one in which

623
00:36:33,200 --> 00:36:37,399
Speaker 1: he describes crash landing a fighter jet with holes all

624
00:36:37,719 --> 00:36:41,359
Speaker 1: over the plane. And they're going on sale next month

625
00:36:42,080 --> 00:36:45,960
Speaker 1: in Biddeford, Maine. By I would love. I would love

626
00:36:46,040 --> 00:36:48,839
Speaker 1: to get if they'd sell him separately, yes, but if

627
00:36:48,880 --> 00:36:51,640
Speaker 1: they have to take the whole lot, it's the way

628
00:36:51,680 --> 00:36:53,560
Speaker 1: in the world. Like in afore this this is gonna

629
00:36:53,600 --> 00:36:57,120
Speaker 1: get over. Yeah, people, sounds interesting. I'd like to read it.

630
00:36:57,560 --> 00:36:59,680
Speaker 1: I mean, it's it's he talks about. He talks about

631
00:36:59,719 --> 00:37:03,000
Speaker 1: his father when his father passed, how he regrets that

632
00:37:03,040 --> 00:37:06,360
Speaker 1: he didn't spend more time with his father. There's also

633
00:37:06,560 --> 00:37:09,840
Speaker 1: a letter that he pinned, and he was talking about

634
00:37:10,040 --> 00:37:14,239
Speaker 1: while he's serving about how one of his buddies purposely

635
00:37:14,680 --> 00:37:18,360
Speaker 1: sabotage the plane so he could spend time with a girlfriend.

636
00:37:18,520 --> 00:37:20,920
Speaker 1: Nice guy. I just want to I love the stories

637
00:37:20,960 --> 00:37:22,680
Speaker 1: where he says as soon as the pitcher released the

638
00:37:22,680 --> 00:37:25,000
Speaker 1: ball he could see the spin. Oh yeah, I mean

639
00:37:25,080 --> 00:37:27,360
Speaker 1: I like hearing like the best of the best telling

640
00:37:27,440 --> 00:37:29,279
Speaker 1: how they did it and how easy it was. It

641
00:37:29,360 --> 00:37:33,640
Speaker 1: points for them where it's for your mortals like us. Well,

642
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Speaker 1: he can miss the blueper pitch. But for people who

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Speaker 1: don't know that the bluepert pitch, it was this pitch

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Speaker 1: that just a long arc and nobody could hit the

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Speaker 1: dog on thing except Ted Williams. If you're sitting on

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Speaker 1: and he comes in at It's not easy. You've been

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Speaker 1: listening to Bloomberg Business of Sports. We are here each

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Speaker 1: and every week at the same time, exploring the world

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Speaker 1: of money in sports. Michael barn and I'm Scott Sashnik.

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Speaker 1: Thanks for joining us, and please tune in next week

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Speaker 1: when we speak with Bill Hancock, the executive director of

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Speaker 1: the College Football Playoff. You're listening to Bloomberg Business of

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Speaker 1: Sports on Bloomberg Radio of around the world and online

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Speaker 1: as an Apple Podcast on iTunes.