1 00:00:00,840 --> 00:00:02,759 Speaker 1: This is the business of sports. 2 00:00:02,800 --> 00:00:05,680 Speaker 2: The business of sports can be intimidating for hard for 3 00:00:05,680 --> 00:00:06,680 Speaker 2: a start to break into. 4 00:00:06,840 --> 00:00:09,680 Speaker 3: We really appreciate what our owners are actually there, you 5 00:00:09,720 --> 00:00:12,320 Speaker 3: know with us through the journey teams ours especially have 6 00:00:12,320 --> 00:00:15,560 Speaker 3: been very intentional to diversify at all levels of the company. 7 00:00:15,600 --> 00:00:18,040 Speaker 1: I think we're in bolding years for the NFL and 8 00:00:18,160 --> 00:00:18,840 Speaker 1: college football. 9 00:00:18,920 --> 00:00:21,919 Speaker 3: Our demographic reach has continued to explode. 10 00:00:22,040 --> 00:00:25,680 Speaker 4: This is going to be really unlocking the streaming platform 11 00:00:25,760 --> 00:00:29,240 Speaker 4: for sports fans, sports evaluations arising, we'll see when they peak. 12 00:00:29,320 --> 00:00:30,120 Speaker 5: You don't have. 13 00:00:30,080 --> 00:00:32,479 Speaker 2: To be the best in your sport to make a 14 00:00:32,560 --> 00:00:34,880 Speaker 2: whole ton of money. 15 00:00:35,000 --> 00:00:38,480 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. 16 00:00:38,360 --> 00:00:42,199 Speaker 2: For This is the Bloomberg Business of Sports, where we 17 00:00:42,240 --> 00:00:44,440 Speaker 2: explore the big money issues in the world of sports. 18 00:00:44,640 --> 00:00:48,479 Speaker 2: Michael Laura, along with my colleagues Damian Sasauer and Vanessa 19 00:00:48,520 --> 00:00:52,560 Speaker 2: Berdomo coming up on the show. With the NBA Finals 20 00:00:52,720 --> 00:00:57,280 Speaker 2: right around the corner. We'll talk some basketball with Gillian Zucker. 21 00:00:57,560 --> 00:01:01,440 Speaker 2: She's President of business Operations for the LA Clippers and 22 00:01:01,640 --> 00:01:05,400 Speaker 2: CEO of Halo Sports and Entertainment. We'll also talk about 23 00:01:05,440 --> 00:01:08,520 Speaker 2: all the bells and whistles at the into a Dome 24 00:01:08,720 --> 00:01:11,720 Speaker 2: after its first full NBA season hosting games. 25 00:01:11,800 --> 00:01:14,160 Speaker 6: I'm gonna let you say it venue the year. 26 00:01:18,600 --> 00:01:21,920 Speaker 2: We'll also hear from former FC Barcelona star and Gerard 27 00:01:21,959 --> 00:01:24,360 Speaker 2: pk All. That and more is on the way on 28 00:01:24,400 --> 00:01:26,880 Speaker 2: the Bloomberg Business of Sports. But first we need to 29 00:01:26,920 --> 00:01:30,480 Speaker 2: cover some big old money moves in the world of sports. 30 00:01:30,880 --> 00:01:34,000 Speaker 2: The NFL San Francisco forty nine Ers are the latest 31 00:01:34,040 --> 00:01:37,200 Speaker 2: team that jump on private equity, reaching a deal to 32 00:01:37,280 --> 00:01:40,679 Speaker 2: sell stakes in its team at evaluation of about eight 33 00:01:40,760 --> 00:01:44,880 Speaker 2: point five billion dollars. And that's just one deal that's 34 00:01:44,880 --> 00:01:48,480 Speaker 2: happening recently. Here to get us all up to speed 35 00:01:48,560 --> 00:01:53,360 Speaker 2: is Bloomberg US sports business reporter Randall Williams. Randall, Welcome 36 00:01:53,480 --> 00:01:56,360 Speaker 2: to the Bloomberg Business of Sports. You know, anytime you 37 00:01:56,440 --> 00:02:00,640 Speaker 2: say NFL those three letters, man, I always perk up owners. 38 00:02:00,720 --> 00:02:04,440 Speaker 2: They've approved the forty nine Ers and Chargers sale of 39 00:02:04,520 --> 00:02:06,880 Speaker 2: a minority state. Tell us more about that. 40 00:02:07,040 --> 00:02:09,760 Speaker 4: Yeah, the forty nine Ers sold to three new limited partners. 41 00:02:09,800 --> 00:02:13,040 Speaker 4: They reached a world record at eight point six billion 42 00:02:13,120 --> 00:02:16,639 Speaker 4: dollar valuation in those transactions, and then the Charger sold 43 00:02:16,680 --> 00:02:20,040 Speaker 4: another eight percent to arc those partners, which was a 44 00:02:20,040 --> 00:02:23,280 Speaker 4: bit surprising because if you remember last year the Chargers 45 00:02:23,520 --> 00:02:26,720 Speaker 4: sold off twenty seven percent to Tom Goers, who's the 46 00:02:26,760 --> 00:02:29,600 Speaker 4: Pistons owner. Now they're selling another eight percent. So in 47 00:02:29,720 --> 00:02:32,520 Speaker 4: less than a year, they've shed thirty five percent of 48 00:02:32,560 --> 00:02:34,680 Speaker 4: the team. The forty nine Ers has been shopping this 49 00:02:34,760 --> 00:02:36,000 Speaker 4: on the market for a while. They had a lot 50 00:02:36,000 --> 00:02:39,040 Speaker 4: of conversations and at San Francisco. I wasn't surprised that 51 00:02:39,080 --> 00:02:41,680 Speaker 4: they broke the Eagles record of eight point three billion 52 00:02:41,680 --> 00:02:44,640 Speaker 4: dollar valuation. There's a giant stake on the sale that'll 53 00:02:44,680 --> 00:02:46,400 Speaker 4: be sold. I think at some point this year, I 54 00:02:46,400 --> 00:02:48,040 Speaker 4: think that they have a good chance of breaking the 55 00:02:48,080 --> 00:02:48,960 Speaker 4: forty nine Ers record. 56 00:02:49,080 --> 00:02:51,480 Speaker 7: Let's talk about the Giants sale like you just mentioned. 57 00:02:51,520 --> 00:02:53,880 Speaker 8: So if forty nine Ers go on sale for eight 58 00:02:53,880 --> 00:02:57,480 Speaker 8: point six about then do the Giants then break ten? 59 00:02:57,639 --> 00:03:01,560 Speaker 7: Did they become the highest you know, for like valuation 60 00:03:01,760 --> 00:03:02,440 Speaker 7: in the NFL? 61 00:03:02,520 --> 00:03:02,560 Speaker 8: Like? 62 00:03:02,600 --> 00:03:03,600 Speaker 7: Can they pass the Cowboys? 63 00:03:03,600 --> 00:03:03,880 Speaker 8: Do you think? 64 00:03:03,880 --> 00:03:05,480 Speaker 3: I mean that's for audians. Let me just jump in here. 65 00:03:05,480 --> 00:03:07,679 Speaker 3: You're absolutely right. I mean the Cowboys are ten point 66 00:03:07,720 --> 00:03:10,280 Speaker 3: three billion. Last look, the Rams are seven point eight 67 00:03:10,320 --> 00:03:13,000 Speaker 3: and the Giants are seven point seven billion as of 68 00:03:13,040 --> 00:03:15,440 Speaker 3: what end of this year according to Sportico. Now you 69 00:03:15,520 --> 00:03:17,720 Speaker 3: get the forty nine ers at an eight point what 70 00:03:17,800 --> 00:03:20,520 Speaker 3: five or six billion dollar valuation, that's two it's almost 71 00:03:20,520 --> 00:03:22,600 Speaker 3: two billion more than what I'm looking at here. Does 72 00:03:22,639 --> 00:03:23,919 Speaker 3: everyone jump by two billion? 73 00:03:24,040 --> 00:03:26,920 Speaker 4: I think there's a good chance that everyone jumps something 74 00:03:27,000 --> 00:03:28,960 Speaker 4: the forty nine ers. I think you said six' eight, Right, 75 00:03:29,120 --> 00:03:31,680 Speaker 4: yeah so about a, billion almost two billion dollars. 76 00:03:31,760 --> 00:03:33,560 Speaker 2: JUMP i think The giants. 77 00:03:33,120 --> 00:03:35,280 Speaker 4: Are the second most valuable team in large part because 78 00:03:35,280 --> 00:03:37,240 Speaker 4: of brand and market and everything else they have. GOING 79 00:03:37,320 --> 00:03:39,120 Speaker 4: i don't know if they reach Ten it depends on 80 00:03:39,120 --> 00:03:41,560 Speaker 4: who they sell, to, right because the richer the. Party 81 00:03:41,680 --> 00:03:43,840 Speaker 4: so if you go to private, equity and private equity 82 00:03:43,840 --> 00:03:46,040 Speaker 4: has the ability to write huge. Checks but also THERE'S 83 00:03:46,440 --> 00:03:49,480 Speaker 4: cnbc reported that The coach family's interested and they have 84 00:03:49,640 --> 00:03:52,480 Speaker 4: no shortage of. Cash so if The coach family, said, 85 00:03:52,480 --> 00:03:54,560 Speaker 4: hey we'll take the entire stake off the market and 86 00:03:54,800 --> 00:03:57,280 Speaker 4: here's a billion, dollars then, yeah they can reach ten billion. 87 00:03:57,320 --> 00:03:59,640 Speaker 4: Dollars now do they want? To is it going to 88 00:03:59,680 --> 00:04:01,880 Speaker 4: be a ten percent steak as opposed to a seven 89 00:04:01,920 --> 00:04:04,320 Speaker 4: percent stake OR i think the forty nine ers ended 90 00:04:04,400 --> 00:04:06,160 Speaker 4: up at a six point two percent, stake so it 91 00:04:06,200 --> 00:04:08,560 Speaker 4: can get. Smaller it really all depends on what the 92 00:04:08,560 --> 00:04:11,320 Speaker 4: marintige families want to. Do but if it reached ten billion, 93 00:04:11,360 --> 00:04:13,800 Speaker 4: DOLLARS i would be. Shot but you never. 94 00:04:13,840 --> 00:04:14,400 Speaker 2: Know you never. 95 00:04:14,440 --> 00:04:17,240 Speaker 4: Know these sports franchise valuations arising very, quickly how. 96 00:04:17,080 --> 00:04:19,839 Speaker 3: Are they selling themselves to pay these kinds of exorbitant 97 00:04:19,880 --> 00:04:20,400 Speaker 3: sums for these. 98 00:04:20,440 --> 00:04:22,839 Speaker 4: Teams all of these deals look different depending on the. 99 00:04:22,839 --> 00:04:24,840 Speaker 4: Firm there are some that are based in payments over. 100 00:04:24,880 --> 00:04:27,280 Speaker 4: Time there some that are written in a blank check 101 00:04:27,400 --> 00:04:29,600 Speaker 4: and where that money goes is up to the. Team 102 00:04:29,760 --> 00:04:32,000 Speaker 4: like with The chargers in, PARTICULAR i think it's interesting 103 00:04:32,040 --> 00:04:35,640 Speaker 4: because you, know they don't have from my advantage, point 104 00:04:36,000 --> 00:04:38,320 Speaker 4: they are renting their, stadium The Sofi stadium out for 105 00:04:38,360 --> 00:04:40,679 Speaker 4: a dollar a, year, right and they just built a training. 106 00:04:40,680 --> 00:04:44,039 Speaker 4: Facility so maybe it's, liquidity maybe it's. Debt there's a 107 00:04:44,040 --> 00:04:47,240 Speaker 4: lot of things that this private equity and these stake, 108 00:04:47,279 --> 00:04:51,240 Speaker 4: sales there's money can help with. Owners so it's on 109 00:04:51,279 --> 00:04:53,720 Speaker 4: a case by case. BASIS i think that each private 110 00:04:53,760 --> 00:04:56,559 Speaker 4: equity group is looking to provide solutions in a different, 111 00:04:56,600 --> 00:04:58,360 Speaker 4: capacity and they all have different. 112 00:04:58,400 --> 00:05:01,040 Speaker 2: STRATEGIES i want to talk about The New York giants 113 00:05:01,040 --> 00:05:04,880 Speaker 2: again because one of the players in there trying to 114 00:05:05,520 --> 00:05:09,200 Speaker 2: maybe get up to ten percent is Former giants player 115 00:05:09,400 --> 00:05:13,080 Speaker 2: and television Host Michael. Strahan SO i Guess Good Morning 116 00:05:13,120 --> 00:05:16,280 Speaker 2: america and the one hundred thousand dollars pyramid all, right 117 00:05:16,360 --> 00:05:17,520 Speaker 2: noping him out big. 118 00:05:17,600 --> 00:05:20,520 Speaker 4: Time strayhan And Mark, lazri the coach. FAMILY i had 119 00:05:20,600 --> 00:05:24,160 Speaker 4: Heard Eli manning was. Interested he has since opted not to, 120 00:05:24,240 --> 00:05:26,840 Speaker 4: continue at least at the current. Moment there's a lot 121 00:05:26,880 --> 00:05:28,880 Speaker 4: of different parties that are interested in The giants, stake 122 00:05:28,920 --> 00:05:31,000 Speaker 4: and the reason is because it's The New York. GIANTS i, 123 00:05:31,040 --> 00:05:33,279 Speaker 4: mean even though they haven't been as good for the 124 00:05:33,320 --> 00:05:36,479 Speaker 4: last fifteen, years it's Still New york and there aren't 125 00:05:36,480 --> 00:05:39,039 Speaker 4: that many pieces of A New york sports franchise to 126 00:05:39,080 --> 00:05:41,320 Speaker 4: go for sale that. OFTEN i, mean The liberty just 127 00:05:41,360 --> 00:05:44,320 Speaker 4: had a transaction recently and that put them at four 128 00:05:44,400 --> 00:05:47,440 Speaker 4: hundred and fifty. Million you think about what a five 129 00:05:47,480 --> 00:05:49,800 Speaker 4: percent stake of The giants will go for. It it's 130 00:05:49,839 --> 00:05:52,479 Speaker 4: probably going to go for that exact same price for no, 131 00:05:52,560 --> 00:05:55,600 Speaker 4: control no, sweet no team, playing no anything like. That 132 00:05:55,680 --> 00:05:59,000 Speaker 4: and SO i think when investors Like, strahan and he's 133 00:05:59,000 --> 00:06:00,920 Speaker 4: not the only player who's into. Teams of, course we 134 00:06:00,960 --> 00:06:03,800 Speaker 4: Have Tom Brady Richard seymour and the Late Jerry richardson 135 00:06:03,800 --> 00:06:06,160 Speaker 4: who used to own The Carolina, panthers when they're looking 136 00:06:06,200 --> 00:06:09,039 Speaker 4: at these. Things THE nfl is a bulletproof. Business and 137 00:06:09,080 --> 00:06:11,240 Speaker 4: so if you can get in at a two, percent 138 00:06:11,320 --> 00:06:13,239 Speaker 4: at a one, percent or even like A Charles woodson 139 00:06:13,279 --> 00:06:16,479 Speaker 4: at a zero point one, percent that investment is going 140 00:06:16,520 --> 00:06:18,680 Speaker 4: to topple itself over, time and you're going to continue 141 00:06:18,720 --> 00:06:20,440 Speaker 4: to make money even if it is a tiny. 142 00:06:20,440 --> 00:06:22,800 Speaker 8: Steak that's the interesting part that that you brought up, 143 00:06:22,800 --> 00:06:25,719 Speaker 8: about like The liberty and how it's now basically double 144 00:06:25,800 --> 00:06:29,960 Speaker 8: the valuation of any other women's sports. Franchise but that's 145 00:06:29,960 --> 00:06:32,160 Speaker 8: WHY i asked the idea of ten billion dollars for The, 146 00:06:32,680 --> 00:06:35,279 Speaker 8: giants because it feels, like if you're reading eight point 147 00:06:35,400 --> 00:06:37,680 Speaker 8: six for the forty nine ers and all the other 148 00:06:37,720 --> 00:06:40,920 Speaker 8: sales we've seen, recently that maybe market doesn't matter as, 149 00:06:41,000 --> 00:06:42,719 Speaker 8: much but Shouldn't New york matter? 150 00:06:42,800 --> 00:06:45,760 Speaker 4: More it does if you think about it from the 151 00:06:45,800 --> 00:06:48,800 Speaker 4: angle you just said with THE wnba and that The 152 00:06:48,880 --> 00:06:51,360 Speaker 4: liberty are based In New, york The giants are based 153 00:06:51,360 --> 00:06:52,920 Speaker 4: In New, York and the reason that The cowboys of 154 00:06:52,960 --> 00:06:54,960 Speaker 4: course are over The giants is the real estate, component 155 00:06:55,279 --> 00:06:57,240 Speaker 4: AND i think the forty nine ers could build that over. 156 00:06:57,240 --> 00:06:59,440 Speaker 4: Time The La rams are basically going to be building 157 00:06:59,480 --> 00:07:02,000 Speaker 4: a city which IS i think is going to rival 158 00:07:02,080 --> 00:07:04,800 Speaker 4: The cowboys valuation at some point when they get that city. 159 00:07:04,839 --> 00:07:08,640 Speaker 4: Built And New york in, particular the real, estate as 160 00:07:08,680 --> 00:07:11,400 Speaker 4: we all, know is at a. Minimum and so if 161 00:07:11,440 --> 00:07:12,960 Speaker 4: you're able to get something like, that and then you 162 00:07:13,040 --> 00:07:16,560 Speaker 4: build a training, facility you build a practice facility or 163 00:07:16,600 --> 00:07:19,200 Speaker 4: whatever it, is that can then be a multipurpose facility 164 00:07:19,240 --> 00:07:22,160 Speaker 4: that can hold different, events different things such as you 165 00:07:22,240 --> 00:07:25,480 Speaker 4: hosting AN Nfl draft or A Pro bowl or whatever. 166 00:07:25,560 --> 00:07:27,920 Speaker 4: Else whoever else wants to come in and fanatics wants 167 00:07:27,960 --> 00:07:30,800 Speaker 4: to have something there that helps bring in so much more. 168 00:07:30,800 --> 00:07:32,360 Speaker 4: MONEY i, Mean, beyonce is that MetLife right? 169 00:07:32,400 --> 00:07:35,080 Speaker 3: Now THE nfl in twenty twenty three generated eighteen point 170 00:07:35,160 --> 00:07:37,840 Speaker 3: seven billion in annual, revenue and that was twenty Twenty 171 00:07:38,400 --> 00:07:40,800 Speaker 3: their media rights alone are twelve and a half billion of, that, 172 00:07:41,000 --> 00:07:43,560 Speaker 3: right so it's two thirds of the. Pipe but here's 173 00:07:43,600 --> 00:07:45,880 Speaker 3: the interesting. Thing two thirds of that are national media, 174 00:07:45,960 --> 00:07:47,680 Speaker 3: rights which has already been negotiated, out and we know 175 00:07:47,720 --> 00:07:51,120 Speaker 3: where that's. Going it's the non media revenue for these 176 00:07:51,160 --> 00:07:53,560 Speaker 3: teams compared To major Leagu, baseball THE, nba it's a 177 00:07:53,600 --> 00:07:56,680 Speaker 3: very small percentage in THE, Nfl so it CAN i 178 00:07:56,680 --> 00:07:59,240 Speaker 3: imagine grow exponentially or AM i? 179 00:07:59,280 --> 00:07:59,440 Speaker 2: Wrong? 180 00:07:59,520 --> 00:08:02,560 Speaker 4: Randall, no you're, right but you haven't mentioned the scariest 181 00:08:02,600 --> 00:08:05,080 Speaker 4: part to, me which is that the NFL's media deal 182 00:08:05,160 --> 00:08:06,880 Speaker 4: right now it's one hundred and eleven billion. Dollars that 183 00:08:06,960 --> 00:08:10,640 Speaker 4: was five years, ago right The Super bowl was forty 184 00:08:10,680 --> 00:08:12,320 Speaker 4: to six at one point and one hundred and twenty 185 00:08:12,320 --> 00:08:15,920 Speaker 4: seven million people. Watched so when THE nfl is the media, 186 00:08:15,960 --> 00:08:17,960 Speaker 4: deal the opt out is in four years or, so 187 00:08:18,280 --> 00:08:21,640 Speaker 4: and you know it expires in twenty thirty. One let's 188 00:08:21,640 --> 00:08:23,600 Speaker 4: say in twenty twenty nine or twenty thirty, One it 189 00:08:23,600 --> 00:08:25,840 Speaker 4: doesn't really matter the. Year but if they continue on 190 00:08:25,880 --> 00:08:29,720 Speaker 4: this trajectory And YouTube wants in and THE nfl as 191 00:08:29,760 --> 00:08:32,400 Speaker 4: an international, package what in the world is going to 192 00:08:32,440 --> 00:08:34,000 Speaker 4: be the media rights? Agreement? Then is it going to 193 00:08:34,040 --> 00:08:36,040 Speaker 4: be one hundred and fifty? Billion and then what happens to? 194 00:08:36,160 --> 00:08:39,080 Speaker 4: Valuations like we're in a world right now with valuations 195 00:08:39,120 --> 00:08:41,240 Speaker 4: we're buying a five percent stake in The giants could 196 00:08:41,320 --> 00:08:43,840 Speaker 4: very well be five hundred million dollars now add fifty 197 00:08:43,880 --> 00:08:46,360 Speaker 4: billion to the media, deal as you just, said which 198 00:08:46,400 --> 00:08:48,760 Speaker 4: makes up the most of the team's. Revenue so then 199 00:08:48,840 --> 00:08:51,760 Speaker 4: what is five hundred million dollars going to be a 200 00:08:51,960 --> 00:08:54,600 Speaker 4: two percent, stake a three percent. STAK i don't know 201 00:08:54,600 --> 00:08:56,840 Speaker 4: who's going to buy these franchises when they get to 202 00:08:56,880 --> 00:08:59,400 Speaker 4: a point of twelve billion dollars total and you need 203 00:08:59,440 --> 00:09:01,600 Speaker 4: to have thirty that in cash up. 204 00:09:01,600 --> 00:09:03,360 Speaker 2: FRONT i tell you a family, though they could do. 205 00:09:03,440 --> 00:09:07,040 Speaker 2: It The Middle family that Built they are loaded and 206 00:09:07,080 --> 00:09:10,280 Speaker 2: they're talking about investing a billion dollars in The. Celtics 207 00:09:10,360 --> 00:09:10,800 Speaker 2: yes they. 208 00:09:10,840 --> 00:09:13,840 Speaker 4: Did of Course Bill, chisholm he's made a bunch of 209 00:09:13,840 --> 00:09:16,120 Speaker 4: headlines for buying The Boston. Celtics there's been a bunch 210 00:09:16,200 --> 00:09:18,079 Speaker 4: of speculation as if he had the, money if he 211 00:09:18,120 --> 00:09:20,200 Speaker 4: didn't have the. Money he had a billion dollars From Sixth. 212 00:09:20,200 --> 00:09:22,920 Speaker 4: Street now he gets another billion dollars from The Middle, 213 00:09:22,920 --> 00:09:24,800 Speaker 4: family and this is going to help him get across 214 00:09:24,800 --> 00:09:27,120 Speaker 4: the finish. Line so That celtics, DEAL i think if 215 00:09:27,160 --> 00:09:29,719 Speaker 4: someone were to say it's, done it's just about. Doing 216 00:09:29,760 --> 00:09:33,080 Speaker 4: all it needs IS Nba board Of governor's approval and 217 00:09:33,120 --> 00:09:36,000 Speaker 4: we will have a New celtics owner pretty. 218 00:09:36,040 --> 00:09:38,240 Speaker 7: Soon the original deal was supposed to be broken up 219 00:09:38,240 --> 00:09:38,560 Speaker 7: into two. 220 00:09:38,600 --> 00:09:41,160 Speaker 8: Parts, right does this help this just get done now 221 00:09:41,280 --> 00:09:42,280 Speaker 8: or is it still going to be two. 222 00:09:42,320 --> 00:09:45,840 Speaker 4: Parts it's still two. Parts the first valuation is six 223 00:09:45,880 --> 00:09:48,160 Speaker 4: to one as, reported and then when they close on 224 00:09:48,200 --> 00:09:49,920 Speaker 4: the second, part it's supposed to be seven to three 225 00:09:50,000 --> 00:09:52,640 Speaker 4: for a blended valuation of about six Six so it's 226 00:09:52,640 --> 00:09:55,280 Speaker 4: still going to be a massive. NUMBER i think what's 227 00:09:55,320 --> 00:09:57,920 Speaker 4: interesting about this is the upcoming summer for The Boston 228 00:09:57,960 --> 00:09:59,839 Speaker 4: celtics and who's going to be calling the shots is 229 00:10:00,000 --> 00:10:02,679 Speaker 4: probably still going to be With, gruzbank who you know 230 00:10:02,760 --> 00:10:05,120 Speaker 4: has said he wants to stay on board and see 231 00:10:05,120 --> 00:10:08,000 Speaker 4: things until that twenty twenty eight finish. Line BUT i 232 00:10:08,040 --> 00:10:10,800 Speaker 4: don't think he anticipated The celtics season ending the way 233 00:10:10,840 --> 00:10:13,600 Speaker 4: that it, did of, course with now having to Pay Jalen, 234 00:10:13,640 --> 00:10:16,079 Speaker 4: Brown Jason, Tatum Derek, White Drew holliday and all these 235 00:10:16,080 --> 00:10:19,880 Speaker 4: other players That Shams tranta has reported, that you, know 236 00:10:19,920 --> 00:10:21,760 Speaker 4: The celtics are going to be in the deal making 237 00:10:22,120 --> 00:10:25,120 Speaker 4: this summer and so the deal making market this, summer 238 00:10:25,160 --> 00:10:26,920 Speaker 4: and so when you keep that in, mind you, know 239 00:10:27,200 --> 00:10:28,920 Speaker 4: where do The celtics. Go do they get below the 240 00:10:29,000 --> 00:10:30,760 Speaker 4: luxury tax or they decide to build their own same 241 00:10:30,760 --> 00:10:33,120 Speaker 4: and there's a lot of interesting things happening In boston right, 242 00:10:33,160 --> 00:10:35,440 Speaker 4: now but the deal market for them is going to. 243 00:10:35,480 --> 00:10:35,920 Speaker 2: Close And. 244 00:10:36,000 --> 00:10:38,240 Speaker 3: RANDY, nba as we, know is a very different, animal 245 00:10:38,320 --> 00:10:40,600 Speaker 3: Right it does about eleven twelve billion in revenue per, 246 00:10:40,679 --> 00:10:43,320 Speaker 3: year and their media, deal which is they believe with What, 247 00:10:43,440 --> 00:10:46,199 Speaker 3: DISNEY nbc And Amazon, prime is about seven billion a. 248 00:10:46,280 --> 00:10:50,280 Speaker 3: Year so we're roughly forty percent of the league revenue 249 00:10:50,320 --> 00:10:52,599 Speaker 3: comes from it's media. Deal what's interesting there, though is 250 00:10:52,640 --> 00:10:56,160 Speaker 3: to your, point, concessions, parking, ticketing you, know makes up 251 00:10:56,160 --> 00:10:58,880 Speaker 3: another healthy thirty. Percent The Boston celtics don't know they're 252 00:10:58,920 --> 00:11:01,480 Speaker 3: in stadium right for them to command that six point 253 00:11:01,520 --> 00:11:04,240 Speaker 3: two billion dollar, valuation that's a little interesting to. 254 00:11:04,280 --> 00:11:06,520 Speaker 4: Me you're, RIGHT i think what the most interesting thing 255 00:11:06,520 --> 00:11:08,920 Speaker 4: about it is like The trailblazers just went up for sale, 256 00:11:08,960 --> 00:11:12,160 Speaker 4: recently and so if you're an interested buyer in The, 257 00:11:12,200 --> 00:11:16,080 Speaker 4: trailblazers what do they go? For and that then if 258 00:11:16,120 --> 00:11:18,840 Speaker 4: you're an interested buyer in AN nba, expansion do you 259 00:11:18,840 --> 00:11:21,080 Speaker 4: want The, Trailblazers do you Want? Vegas do you Want? 260 00:11:21,559 --> 00:11:24,400 Speaker 4: Seattle all of these things are now in the. Mix 261 00:11:24,480 --> 00:11:28,160 Speaker 4: and the question is what is valuable to these, investors 262 00:11:28,280 --> 00:11:31,280 Speaker 4: because if you buy The vegas, team everyone wants The 263 00:11:31,360 --> 00:11:33,800 Speaker 4: vegas team because the luxury suites are going to sell 264 00:11:33,800 --> 00:11:37,679 Speaker 4: like popcorn right at one of these. Games but with 265 00:11:37,760 --> 00:11:40,240 Speaker 4: that in, mind like is The vegas team worth more 266 00:11:40,360 --> 00:11:43,000 Speaker 4: Than boston because they could own their own stadium or 267 00:11:43,040 --> 00:11:45,400 Speaker 4: is it worth. Less that's going to be determined on the. 268 00:11:45,440 --> 00:11:47,959 Speaker 4: Market but you're, RIGHT i think it's shocking that The 269 00:11:47,960 --> 00:11:49,800 Speaker 4: celtics got to six to. One BUT i can tell 270 00:11:49,800 --> 00:11:50,640 Speaker 4: YOU nba owners are. 271 00:11:50,640 --> 00:11:53,240 Speaker 2: Happy randall know we're out of. Time BUT i REMEMBER 272 00:11:53,440 --> 00:11:56,000 Speaker 2: i was just saying this one year. AGO i, said, 273 00:11:56,280 --> 00:11:58,880 Speaker 2: well when does an owner make money on the, Team, 274 00:11:59,000 --> 00:12:02,120 Speaker 2: well when they sell. It well that was a year. 275 00:12:02,160 --> 00:12:05,720 Speaker 2: Ago now private equity came, In randall and just blew it. 276 00:12:05,720 --> 00:12:06,120 Speaker 2: Out all The. 277 00:12:06,160 --> 00:12:08,640 Speaker 4: Blazers it's helping out a. TON i, mean there's one 278 00:12:08,679 --> 00:12:10,559 Speaker 4: of the things That i've That i've always said is 279 00:12:10,600 --> 00:12:13,520 Speaker 4: that all of these people are. Rich where all these 280 00:12:13,520 --> 00:12:15,160 Speaker 4: people are, wealthy not all of them are. Rich some 281 00:12:15,520 --> 00:12:19,000 Speaker 4: people this is truly a family run. Business and then 282 00:12:19,040 --> 00:12:21,840 Speaker 4: there's some people who this is a business that they're family. 283 00:12:21,920 --> 00:12:24,400 Speaker 4: Inherited and there's a. Difference just because it's a family 284 00:12:24,440 --> 00:12:26,320 Speaker 4: run business doesn't mean you're making. Money it could just 285 00:12:26,360 --> 00:12:28,440 Speaker 4: be that mom and dad tosses on you and this 286 00:12:28,480 --> 00:12:29,839 Speaker 4: is how you're. Rich and now you have to figure 287 00:12:29,840 --> 00:12:30,840 Speaker 4: out how to operate. 288 00:12:30,840 --> 00:12:30,920 Speaker 5: It. 289 00:12:30,960 --> 00:12:32,480 Speaker 4: Well if you sell a little bit to, arcdos you 290 00:12:32,520 --> 00:12:34,360 Speaker 4: sell a little bit to, areas you sell you find 291 00:12:34,679 --> 00:12:36,720 Speaker 4: five different people who want to buy two percent of your. 292 00:12:36,720 --> 00:12:38,880 Speaker 4: Team guess, What now you have, liquidity or you can 293 00:12:38,920 --> 00:12:40,040 Speaker 4: go and buy your yacht. 294 00:12:40,080 --> 00:12:44,200 Speaker 2: Our thanks To BLOOMBERG us sports Reporter Randall williams for joining. 295 00:12:44,280 --> 00:12:47,720 Speaker 2: Us up, next we hear from FORMER Fc barcelona Star 296 00:12:47,840 --> 00:12:51,679 Speaker 2: gerard p k for my Colleagues Damian sasauur And Vanessa. 297 00:12:51,679 --> 00:12:55,160 Speaker 2: Berdomo I'm Michael. Barr you're listening to The Bloomberg business 298 00:12:55,200 --> 00:12:57,640 Speaker 2: Of sports From Bloomberger radio around the. 299 00:12:57,679 --> 00:13:04,960 Speaker 1: World this Is Bloomberg business Of sports From Bloomberg. 300 00:13:05,080 --> 00:13:09,200 Speaker 2: Radio this is The Bloomberg business Of. Sports we explore 301 00:13:09,240 --> 00:13:11,600 Speaker 2: the big money issues in the world of. Sports Michael. 302 00:13:11,679 --> 00:13:16,160 Speaker 2: Barr But Nansa berdomo is our resident expert on all things, 303 00:13:16,200 --> 00:13:19,040 Speaker 2: soccer and recently she got a chance to sit down 304 00:13:19,120 --> 00:13:24,360 Speaker 2: with FORMER Fc barcelona And spanish Defenseman GERARD PK pk 305 00:13:24,600 --> 00:13:27,960 Speaker 2: co founded the seven on seven soccer league known as 306 00:13:28,160 --> 00:13:33,400 Speaker 2: The Kings. League he Joined vanessa Alongside Kings LEAGUE Ceo Jamel. 307 00:13:33,559 --> 00:13:35,240 Speaker 2: Agama let's listen in on that. 308 00:13:35,280 --> 00:13:37,520 Speaker 7: Conversation break us down a little bit About Kings. 309 00:13:37,600 --> 00:13:39,840 Speaker 8: League we know it's not the style of soccer you 310 00:13:39,920 --> 00:13:42,160 Speaker 8: were playing in your, career so tell us about how 311 00:13:42,200 --> 00:13:43,800 Speaker 8: it's different and why you started this. 312 00:13:43,880 --> 00:13:45,920 Speaker 9: League, well we started this league in the first idea 313 00:13:46,080 --> 00:13:50,200 Speaker 9: was mid twenty twenty. Two then we executed and starting 314 00:13:50,320 --> 00:13:51,720 Speaker 9: the league janerarly twenty twenty. 315 00:13:51,720 --> 00:13:52,760 Speaker 5: Three it's a. 316 00:13:52,800 --> 00:13:56,240 Speaker 9: Format it's a very dynamic quick format seven vers of, 317 00:13:56,280 --> 00:14:00,560 Speaker 9: seven so the peach is, smaller twenty minutes half so 318 00:14:00,600 --> 00:14:04,440 Speaker 9: it's a forty minute game where we use most of 319 00:14:04,480 --> 00:14:09,360 Speaker 9: the traditional soccer, rules but also we introduce different rules 320 00:14:09,360 --> 00:14:11,960 Speaker 9: that it's more like a video. Game for, example gold 321 00:14:11,960 --> 00:14:13,920 Speaker 9: double all of a sudden in the middle of the, 322 00:14:13,920 --> 00:14:14,960 Speaker 9: game it's. 323 00:14:14,840 --> 00:14:16,360 Speaker 5: Three versus three or two versus. 324 00:14:16,400 --> 00:14:20,680 Speaker 9: Two so people really get pretty wild when they're watching it. 325 00:14:20,720 --> 00:14:24,680 Speaker 9: Live and, yeah and we like to play this role 326 00:14:24,760 --> 00:14:30,080 Speaker 9: of half real life soccer half video game THAT i 327 00:14:30,120 --> 00:14:32,160 Speaker 9: think all these new generations they love that we have 328 00:14:32,200 --> 00:14:34,400 Speaker 9: eighty five percent of our audience less than thirty five 329 00:14:34,480 --> 00:14:38,280 Speaker 9: years and they really love to interact with all our. 330 00:14:38,320 --> 00:14:40,800 Speaker 9: Products so since the, beginning we put the audience in the. 331 00:14:40,840 --> 00:14:45,080 Speaker 9: Center we ask them absolutely everything regarding, rules regarding the 332 00:14:45,120 --> 00:14:47,240 Speaker 9: times of the, game what time they want the game to, 333 00:14:47,280 --> 00:14:49,960 Speaker 9: be even the, grass the color of the, grass which 334 00:14:49,960 --> 00:14:52,040 Speaker 9: it was green and now it's. Black it's because the 335 00:14:52,320 --> 00:14:55,120 Speaker 9: audience want. That so for, us it's very important to 336 00:14:55,160 --> 00:14:58,200 Speaker 9: do that because traditional football is the other way. Around traditional, 337 00:14:58,240 --> 00:15:02,120 Speaker 9: football the, audience they have any, opinion any vote on. 338 00:15:02,200 --> 00:15:03,320 Speaker 5: Anything there IS. 339 00:15:03,280 --> 00:15:06,920 Speaker 9: FIFA wefa the leagues that they decide wherever they. Want 340 00:15:07,320 --> 00:15:09,720 Speaker 9: in our, case we wanted really the audience to feel 341 00:15:09,760 --> 00:15:13,400 Speaker 9: part of the, product and since the beginning we went 342 00:15:13,600 --> 00:15:13,880 Speaker 9: in that. 343 00:15:13,920 --> 00:15:16,600 Speaker 8: Direction even the small things like the rules and all, 344 00:15:16,720 --> 00:15:18,640 Speaker 8: that like the three on, three two and, two all 345 00:15:18,680 --> 00:15:21,160 Speaker 8: of those things were things you heard from fans that 346 00:15:21,200 --> 00:15:23,600 Speaker 8: they wanted or how did those concepts come up? 347 00:15:23,720 --> 00:15:27,840 Speaker 9: EXACTLY i, mean from the beginning we started with some 348 00:15:28,000 --> 00:15:31,240 Speaker 9: rules that the audience. Wanted but during that, process now 349 00:15:31,240 --> 00:15:33,120 Speaker 9: it's already two years and a half that we've been 350 00:15:33,600 --> 00:15:36,600 Speaker 9: With King's, league the audience decided to change different things 351 00:15:37,040 --> 00:15:39,400 Speaker 9: and we've heard them and now it's the product that they, 352 00:15:39,480 --> 00:15:42,080 Speaker 9: want WHICH i think that this is perfect because they 353 00:15:42,080 --> 00:15:44,720 Speaker 9: are very engaged to everything what we. Do another example 354 00:15:44,760 --> 00:15:47,520 Speaker 9: for we have The World cup Of, nations which basically 355 00:15:47,520 --> 00:15:50,720 Speaker 9: is like the Fifth World cup international, soccer and some 356 00:15:50,800 --> 00:15:53,400 Speaker 9: of the players are chosen by the. Audience so In 357 00:15:53,440 --> 00:15:56,200 Speaker 9: spain they choose the best players of The spanish league 358 00:15:56,200 --> 00:15:58,760 Speaker 9: to represent their nation their country in the. 359 00:15:58,800 --> 00:16:00,800 Speaker 5: Competition and it's the audience. 360 00:16:00,560 --> 00:16:03,080 Speaker 9: That are the one ball team and they really feel 361 00:16:03,120 --> 00:16:06,400 Speaker 9: part like they are choosing the. Team so this creates 362 00:16:06,440 --> 00:16:06,840 Speaker 9: a lot of. 363 00:16:07,040 --> 00:16:09,320 Speaker 8: ENGAGEMENT a lot of leagues would kill to have this 364 00:16:09,400 --> 00:16:11,920 Speaker 8: interaction with their fans and that demographic of thirty five and. 365 00:16:12,000 --> 00:16:14,160 Speaker 8: Under tell me how that makes you guys, Different how 366 00:16:14,200 --> 00:16:15,160 Speaker 8: it's setting you guys up for. 367 00:16:15,200 --> 00:16:16,600 Speaker 7: Success it's all about the. 368 00:16:16,600 --> 00:16:19,680 Speaker 10: Audience when you target the young generation gen Z, jenelfa 369 00:16:19,840 --> 00:16:22,760 Speaker 10: you have to take into consideration the three characteristics that define. 370 00:16:22,760 --> 00:16:25,320 Speaker 10: Them the first, one they consume most of their media 371 00:16:25,360 --> 00:16:27,960 Speaker 10: on a mobile, Phone so we design a product which 372 00:16:28,000 --> 00:16:32,760 Speaker 10: is produced for the mobile. Phone, first everything is designed 373 00:16:32,760 --> 00:16:34,680 Speaker 10: and producing a way that it will work very well 374 00:16:34,920 --> 00:16:39,160 Speaker 10: on a mobile. Phone, second this is a generation which 375 00:16:39,240 --> 00:16:42,680 Speaker 10: has billions of options in terms of content, consumption and 376 00:16:42,720 --> 00:16:45,040 Speaker 10: they have the technology to navigate these billions of. Options 377 00:16:45,040 --> 00:16:48,080 Speaker 10: the algorithm allow them to just swipe up and go 378 00:16:48,160 --> 00:16:50,680 Speaker 10: from content to another content it they don't like, it 379 00:16:51,160 --> 00:16:53,680 Speaker 10: which means that if you want to keep them watching 380 00:16:54,000 --> 00:16:56,320 Speaker 10: any kind of, content you need to have something which 381 00:16:56,360 --> 00:16:58,960 Speaker 10: is very. Intense something must happen every two three minutes 382 00:16:59,120 --> 00:17:02,800 Speaker 10: in a. Game that's why we adjust the rules as 383 00:17:02,880 --> 00:17:05,600 Speaker 10: much as we want and we can because we really 384 00:17:05,600 --> 00:17:07,880 Speaker 10: want to maintain this. Excitement maybe two three. Minits something 385 00:17:07,960 --> 00:17:10,240 Speaker 10: must happen on The king's stick. Pitch it can be a, 386 00:17:10,320 --> 00:17:12,119 Speaker 10: goal or it can be a game changer with the 387 00:17:12,240 --> 00:17:14,440 Speaker 10: induction of the number of the, players or the rules 388 00:17:14,480 --> 00:17:16,960 Speaker 10: are changing for us for a. While and the third 389 00:17:17,000 --> 00:17:21,280 Speaker 10: characteristic is the. Interactivity this generation is used to interact 390 00:17:21,280 --> 00:17:23,800 Speaker 10: with their content. Creators with their content, creators they like, 391 00:17:23,840 --> 00:17:27,280 Speaker 10: that they want to, Comment they want to their content 392 00:17:27,320 --> 00:17:30,159 Speaker 10: creators to read these, comments comment on these, comments. 393 00:17:29,760 --> 00:17:30,720 Speaker 5: And they have these. 394 00:17:30,720 --> 00:17:33,000 Speaker 10: Interactions my, generation. 395 00:17:32,760 --> 00:17:33,359 Speaker 5: We didn't have this. 396 00:17:33,400 --> 00:17:36,800 Speaker 10: Opportunity we were listening all the same comments and there 397 00:17:36,840 --> 00:17:39,120 Speaker 10: was nothing like. That that's why we have integrated into 398 00:17:39,119 --> 00:17:43,760 Speaker 10: our concept content creators that represent the. Teams they all 399 00:17:43,920 --> 00:17:47,000 Speaker 10: are the face of a, team and they interact with 400 00:17:47,040 --> 00:17:48,919 Speaker 10: the audience with their fans in a way that you 401 00:17:48,960 --> 00:17:51,640 Speaker 10: cannot find in other traditional. Sports and those three characteristics 402 00:17:51,680 --> 00:17:55,040 Speaker 10: are really the three factors that explain the success we. 403 00:17:55,119 --> 00:17:58,080 Speaker 10: Are we have basically built a product that fits perfectly 404 00:17:58,080 --> 00:18:00,600 Speaker 10: with the generation of you, know eighteen years old to 405 00:18:00,640 --> 00:18:03,640 Speaker 10: three years old that have this kind of need internal content. 406 00:18:03,640 --> 00:18:04,800 Speaker 5: Consumption, yeah And. 407 00:18:04,760 --> 00:18:06,720 Speaker 8: I'm glad you brought that up about the content creators 408 00:18:06,760 --> 00:18:08,800 Speaker 8: who are part of the league and things like. That 409 00:18:08,840 --> 00:18:10,960 Speaker 8: as a former, player you would, think you, know you 410 00:18:10,960 --> 00:18:14,600 Speaker 8: would just talk to your other athlete friends and other athlete, 411 00:18:14,600 --> 00:18:17,040 Speaker 8: investors and that's how a lot of other traditional, leagues you, 412 00:18:17,080 --> 00:18:19,120 Speaker 8: know bring in athletes and things like. THAT i, mean 413 00:18:19,119 --> 00:18:21,800 Speaker 8: you do have some obviously your former Teammate, egercacius WHO 414 00:18:21,840 --> 00:18:22,800 Speaker 8: i was a big fan. 415 00:18:22,800 --> 00:18:24,119 Speaker 7: OF i used to use his gloves BECAUSE i used 416 00:18:24,119 --> 00:18:24,280 Speaker 7: to be a. 417 00:18:24,280 --> 00:18:26,800 Speaker 8: Goalkeeper you have him as a part of, It but 418 00:18:26,800 --> 00:18:30,240 Speaker 8: it's also the streamers And twitch and all of these other. 419 00:18:30,280 --> 00:18:33,000 Speaker 8: People tell me why that was part of what you 420 00:18:33,040 --> 00:18:35,560 Speaker 8: were thinking and was it really the key the content. 421 00:18:35,600 --> 00:18:40,119 Speaker 9: Creators, yeah the content creators or streamers were key because 422 00:18:40,119 --> 00:18:43,479 Speaker 9: they have a huge, community very loyal to everything what they. 423 00:18:43,560 --> 00:18:46,560 Speaker 9: Do any project that they, launch they jump on it 424 00:18:46,680 --> 00:18:51,040 Speaker 9: because they have a constant interaction life with the. Streamer 425 00:18:51,400 --> 00:18:54,960 Speaker 9: so for, example the streamers at home for five, hours 426 00:18:54,960 --> 00:18:57,199 Speaker 9: he is talking to his, audience and his audience in 427 00:18:57,240 --> 00:19:00,280 Speaker 9: the chat can interact and ask questions and they feel very, 428 00:19:00,280 --> 00:19:04,320 Speaker 9: connected much more connected or engaged than my fans with 429 00:19:04,400 --> 00:19:08,760 Speaker 9: me or any sportseelebrity or artist or, actor because they 430 00:19:08,800 --> 00:19:11,080 Speaker 9: have this in a daily, basis constant. 431 00:19:11,880 --> 00:19:14,480 Speaker 5: Interaction so at the moment that. 432 00:19:14,400 --> 00:19:17,480 Speaker 9: We gave that ownership to these streamers and they felt 433 00:19:17,520 --> 00:19:20,240 Speaker 9: that it was his, team we knew that all the 434 00:19:20,280 --> 00:19:22,680 Speaker 9: audience will jump in the. Project and if we put 435 00:19:22,720 --> 00:19:25,720 Speaker 9: together all these communities with the. Streamers thanks to, streamers 436 00:19:26,280 --> 00:19:30,399 Speaker 9: the league started with a huge amount of people following the. 437 00:19:30,480 --> 00:19:33,760 Speaker 9: Teams at the same, time we wanted also to invest 438 00:19:34,000 --> 00:19:38,040 Speaker 9: to involve lessons Like Casillas. Kunawero now we have a 439 00:19:38,080 --> 00:19:40,760 Speaker 9: bunch of our thirty forty. Fifty we Have La minhaml 440 00:19:40,840 --> 00:19:42,800 Speaker 9: that has a team which is the new big thing In. 441 00:19:43,520 --> 00:19:46,320 Speaker 9: Europe we Have neymar having a team In. Brazil we 442 00:19:46,400 --> 00:19:48,560 Speaker 9: Have caca the president of one. League we Have Slatin, 443 00:19:48,680 --> 00:19:53,560 Speaker 9: vriimo the person In. Italy so we wanted to involve 444 00:19:53,560 --> 00:19:56,000 Speaker 9: all these lessons because it gives obviously credibility to the. 445 00:19:56,040 --> 00:20:00,280 Speaker 9: Project at the same, time all these tradition on media 446 00:20:00,680 --> 00:20:03,080 Speaker 9: talks about it because they are part and they play 447 00:20:03,080 --> 00:20:06,480 Speaker 9: a role inside the inside the. Project and this mix 448 00:20:06,520 --> 00:20:10,000 Speaker 9: between the digital world with the streamers plus the traditional 449 00:20:10,080 --> 00:20:11,720 Speaker 9: world with the, legends it's. 450 00:20:11,760 --> 00:20:14,920 Speaker 5: Perfect it's. Perfect so all we have we are. Mainstream 451 00:20:15,040 --> 00:20:16,639 Speaker 5: all the audience followed the. 452 00:20:16,680 --> 00:20:20,480 Speaker 8: Competition they're like excitement and they're like hunger for their 453 00:20:20,520 --> 00:20:23,280 Speaker 8: streamers content and stuff that surprise you all a. 454 00:20:23,320 --> 00:20:28,280 Speaker 9: LOT i, mean they are extremely, committed very surprising from 455 00:20:28,320 --> 00:20:31,240 Speaker 9: myself BECAUSE i thought that or this kind. 456 00:20:31,440 --> 00:20:33,400 Speaker 5: They will be relaxed and, OKAY i have a, team 457 00:20:33,440 --> 00:20:34,480 Speaker 5: But i'm not very. 458 00:20:34,480 --> 00:20:38,359 Speaker 9: Involved they really suffer when they when they, LOSE i 459 00:20:38,400 --> 00:20:42,280 Speaker 9: mean they really when the referee is not doing the right, 460 00:20:42,359 --> 00:20:45,439 Speaker 9: job they criticize the. Referee they call me, LISTEN i, 461 00:20:45,440 --> 00:20:49,040 Speaker 9: mean what's happening. Here so you can feel that the 462 00:20:49,040 --> 00:20:52,359 Speaker 9: commitment they have is, huge much bigger than what we could. 463 00:20:52,359 --> 00:20:54,879 Speaker 9: Expect and the fact that they are involved with the 464 00:20:54,920 --> 00:20:58,200 Speaker 9: streamers and they have contact with this new young generation 465 00:20:58,320 --> 00:21:01,240 Speaker 9: that maybe they didn't see them play when they were football. 466 00:21:01,280 --> 00:21:05,040 Speaker 9: Players right now they can't have that. INTERACTION i think 467 00:21:05,080 --> 00:21:08,600 Speaker 9: it's for. Them it's. Great they really enjoy and there's 468 00:21:08,640 --> 00:21:11,760 Speaker 9: no legend that have led the project or that it's not. 469 00:21:11,880 --> 00:21:14,560 Speaker 5: Involved, no, no the other way. Around they are very. Committed. 470 00:21:14,840 --> 00:21:15,520 Speaker 7: YEAH i love. 471 00:21:15,560 --> 00:21:17,560 Speaker 8: That and so let's get back to The World cup 472 00:21:17,640 --> 00:21:19,400 Speaker 8: and The World Club. Cup so you have The World 473 00:21:19,400 --> 00:21:23,000 Speaker 8: cup Of nations In january and then we'll have The. 474 00:21:22,520 --> 00:21:24,879 Speaker 7: King's World Cup clubs In. 475 00:21:25,000 --> 00:21:29,280 Speaker 8: June jamal tell me about adding those and why that. 476 00:21:29,320 --> 00:21:31,240 Speaker 8: Was was that something that came from the fans and 477 00:21:31,320 --> 00:21:34,120 Speaker 8: you guys listened like. IMMEDIATELY i, mean this is two 478 00:21:34,200 --> 00:21:36,600 Speaker 8: years in and we're already having all these. 479 00:21:36,640 --> 00:21:38,119 Speaker 7: Things you've already expanded to so many different. 480 00:21:38,119 --> 00:21:41,240 Speaker 10: Countries, yeah that's the thing when you when you work 481 00:21:41,280 --> 00:21:45,000 Speaker 10: with these, streamers there's no. Border they have fans everywhere 482 00:21:45,000 --> 00:21:47,679 Speaker 10: in the. World we started In, spain but we noticed 483 00:21:47,760 --> 00:21:50,280 Speaker 10: very quickly that forty percent of the audience was coming 484 00:21:50,280 --> 00:21:53,720 Speaker 10: From Latin, america so we, said, well let's bring the 485 00:21:53,720 --> 00:21:57,000 Speaker 10: product there and then we created the same, league the 486 00:21:57,080 --> 00:21:58,800 Speaker 10: same two. Leagues by the, WAY i want to insist 487 00:21:58,880 --> 00:22:01,840 Speaker 10: on that we Have Kings league And Queens league In, 488 00:22:01,880 --> 00:22:04,000 Speaker 10: spain and we created the same two leagues In Mexico 489 00:22:04,080 --> 00:22:07,320 Speaker 10: Kings league And queenszia In, mexico which is A Latin 490 00:22:07,320 --> 00:22:10,359 Speaker 10: american league with twelve, teams but some teams are Representing, 491 00:22:10,440 --> 00:22:14,399 Speaker 10: mexico some other teams represent of the countries Of Latin, America, 492 00:22:14,480 --> 00:22:18,120 Speaker 10: Argentina chile And, Peru, columbia. Etc and then the success 493 00:22:18,280 --> 00:22:22,000 Speaker 10: was about the same In, mexico so we, said, well 494 00:22:23,040 --> 00:22:25,680 Speaker 10: we should continue to, expand and then we decided first 495 00:22:25,720 --> 00:22:28,000 Speaker 10: to organize the First Champions, league a First World cup 496 00:22:28,040 --> 00:22:29,800 Speaker 10: of clubs last year In. Mexico at that time we 497 00:22:29,800 --> 00:22:32,200 Speaker 10: had only two, leagues so we invited the best clubs 498 00:22:32,240 --> 00:22:36,240 Speaker 10: of those of the league to. Participate plus we distributed 499 00:22:36,240 --> 00:22:40,320 Speaker 10: some wild cards to a dozen of, countries one team 500 00:22:40,359 --> 00:22:43,560 Speaker 10: per country to expose the. Product and we saw in 501 00:22:43,600 --> 00:22:47,440 Speaker 10: countries Like, France, Italy, Brazil germany a lot of excitement 502 00:22:47,480 --> 00:22:50,240 Speaker 10: around our, product so we, said, okay let's go for, 503 00:22:50,280 --> 00:22:53,480 Speaker 10: it and we decided to open more. Countries so now 504 00:22:53,520 --> 00:22:56,159 Speaker 10: we have six countries. Operational on top Of spain And, 505 00:22:56,200 --> 00:22:59,840 Speaker 10: mexico we have leagues In, France, Italy germany And. Brazil 506 00:23:00,320 --> 00:23:02,320 Speaker 10: for now it's Only Kings leg on those four, countries 507 00:23:02,359 --> 00:23:05,320 Speaker 10: but queens will. Come, absolutely it's important for us and 508 00:23:05,400 --> 00:23:09,160 Speaker 10: we'll continue with our. Expansion the beauty about our. Sports 509 00:23:09,560 --> 00:23:13,160 Speaker 10: soccer is played. Everywhere his excitement everywhere about the, sport 510 00:23:13,280 --> 00:23:15,600 Speaker 10: and we received a lot of inbound interests from a 511 00:23:15,640 --> 00:23:17,280 Speaker 10: lot of countries in the world that see that the 512 00:23:17,359 --> 00:23:20,879 Speaker 10: product is really exciting for all the young generation all 513 00:23:20,880 --> 00:23:24,480 Speaker 10: over the. World as will continue with this Excitement World 514 00:23:24,480 --> 00:23:27,520 Speaker 10: cup Of. Nation it's Because gerhart told us WHEN i 515 00:23:27,560 --> 00:23:30,240 Speaker 10: was a, player wearing the jersey of your country is 516 00:23:30,280 --> 00:23:34,640 Speaker 10: something which says no. Equivalent we should do. It and 517 00:23:36,040 --> 00:23:39,840 Speaker 10: our calendar was pretty, packed but we found a way 518 00:23:39,880 --> 00:23:42,080 Speaker 10: to squeeze it in In january and we did a crazy 519 00:23:42,080 --> 00:23:44,480 Speaker 10: event From january first To january. 520 00:23:44,520 --> 00:23:45,280 Speaker 5: Twelve it was In. 521 00:23:45,320 --> 00:23:49,920 Speaker 10: Italy sixteen countries national, team the best player of each 522 00:23:49,960 --> 00:23:55,120 Speaker 10: country competed at the end as often in. Football brazil 523 00:23:55,200 --> 00:23:59,359 Speaker 10: won in the final that happened In torino in The 524 00:23:59,400 --> 00:24:03,000 Speaker 10: alience are in After juventures forty five zero fully sold 525 00:24:03,000 --> 00:24:07,119 Speaker 10: out On january twelve for a Final Brazil columbia In. 526 00:24:07,160 --> 00:24:13,280 Speaker 10: Italy so it's show the interest and great success in this. 527 00:24:13,440 --> 00:24:16,680 Speaker 10: Competition for, example we had a one hundred million viewers 528 00:24:17,040 --> 00:24:18,160 Speaker 10: on ten days of. Competition. 529 00:24:18,520 --> 00:24:21,800 Speaker 8: WOW i, mean it's clear that that you're obviously getting 530 00:24:21,840 --> 00:24:24,560 Speaker 8: success and everything there and all the numbers are pointing. 531 00:24:24,640 --> 00:24:27,760 Speaker 8: Upwards but from a business, perspective is it hard to 532 00:24:27,840 --> 00:24:28,240 Speaker 8: keep up. 533 00:24:28,200 --> 00:24:30,440 Speaker 7: With all of that growth in such a short amount of. 534 00:24:30,440 --> 00:24:32,439 Speaker 10: Time it, is of, course it is because we have 535 00:24:33,240 --> 00:24:35,000 Speaker 10: we have to execute events in the right. 536 00:24:35,040 --> 00:24:35,480 Speaker 4: Way we have. 537 00:24:35,560 --> 00:24:38,160 Speaker 10: To we want our product to be the same, everywhere 538 00:24:38,760 --> 00:24:41,320 Speaker 10: which requires us to be extremely strict in the way 539 00:24:41,320 --> 00:24:44,200 Speaker 10: we implement the product. Everywhere King zig has some codes 540 00:24:44,240 --> 00:24:46,359 Speaker 10: and so it's a unique under same. Product we are 541 00:24:46,400 --> 00:24:48,800 Speaker 10: all part of the, ecosystem so it is it's difficult 542 00:24:48,840 --> 00:24:51,359 Speaker 10: to recruit talent to execute all. 543 00:24:51,400 --> 00:24:52,639 Speaker 5: That but the project is so. 544 00:24:52,720 --> 00:24:54,720 Speaker 10: Exciting it's it's true that we have a lot of 545 00:24:54,760 --> 00:24:57,679 Speaker 10: excitement around all of, us in all the. Stakeholders the 546 00:24:57,800 --> 00:25:00,440 Speaker 10: content creators want to work with. Us the legend of the. 547 00:25:00,480 --> 00:25:04,240 Speaker 10: Game they Called jia very often to ask him if 548 00:25:04,240 --> 00:25:07,520 Speaker 10: they could, squeezing squeezing them in a. Team and and the, 549 00:25:07,560 --> 00:25:09,840 Speaker 10: bruns the brunch wants to be associated to our product 550 00:25:09,880 --> 00:25:13,639 Speaker 10: because it's a, new modern product targeting young. Generation it's a, 551 00:25:13,720 --> 00:25:16,520 Speaker 10: challenge but so, far so, good and we'll go on. 552 00:25:16,720 --> 00:25:17,600 Speaker 7: Well, guys thanks so. 553 00:25:17,680 --> 00:25:20,840 Speaker 8: Much i'm really excited About kings leg about, soccer everything 554 00:25:20,920 --> 00:25:22,960 Speaker 8: going on in THE. Us i'm really, pumped so thanks 555 00:25:23,000 --> 00:25:24,200 Speaker 8: so much for joining to since, you. 556 00:25:24,040 --> 00:25:25,280 Speaker 5: Guys thank, you thank. 557 00:25:25,320 --> 00:25:29,480 Speaker 2: You that's FORMER Fc Barcelona Gerard pique along With Kings 558 00:25:29,600 --> 00:25:34,639 Speaker 2: LEAGUE Ceo Jamil, agawa speaking with our Own Vanessa. Berdamo up, 559 00:25:34,680 --> 00:25:38,440 Speaker 2: next we turned to basketball and the NBA's newest, arena 560 00:25:38,600 --> 00:25:42,160 Speaker 2: coming off of its first full. Season I'm Michael. Barr 561 00:25:42,200 --> 00:25:45,280 Speaker 2: you're listening to The Bloomberg business Of Sports Bloomberg radio 562 00:25:45,359 --> 00:25:45,879 Speaker 2: around the. 563 00:25:45,920 --> 00:25:52,159 Speaker 1: World this Is Bloomberg business Of sports From Bloomberg. 564 00:25:52,280 --> 00:25:56,000 Speaker 2: Radio thanks for joining us on The Bloomberg business Of, 565 00:25:56,080 --> 00:25:58,520 Speaker 2: sports where we explore the big money issues in the 566 00:25:58,560 --> 00:26:01,399 Speaker 2: world of. Sports michael b along with my Colleagues Damian 567 00:26:01,480 --> 00:26:05,320 Speaker 2: sasawur And Vanessa. Berdomo the Into A dome is the 568 00:26:05,440 --> 00:26:08,520 Speaker 2: NBA's newest arena and it just wrapped up its first 569 00:26:08,520 --> 00:26:12,480 Speaker 2: full season and raked in a ton of. Praise joining 570 00:26:12,560 --> 00:26:15,000 Speaker 2: us now to talk about the experience at the new 571 00:26:15,119 --> 00:26:19,320 Speaker 2: venue Is Gillian. Zucker She's president of Business operations for 572 00:26:19,400 --> 00:26:22,280 Speaker 2: THE La, clippers who play their home games at the 573 00:26:22,480 --> 00:26:28,240 Speaker 2: two billion dollar. Arena she's ALSO ceo Of Halo sports And. Entertainment, 574 00:26:28,359 --> 00:26:32,359 Speaker 2: Gillian welcome to The Bloomberg business Of. Sports, well let's 575 00:26:32,359 --> 00:26:35,399 Speaker 2: start with. This you came in town because of The 576 00:26:35,760 --> 00:26:41,880 Speaker 2: Sports Business awards into a dome is, Well i'm gonna 577 00:26:41,960 --> 00:26:42,640 Speaker 2: let you say. 578 00:26:42,440 --> 00:26:43,639 Speaker 4: It venue of The. 579 00:26:43,720 --> 00:26:46,600 Speaker 7: Year. 580 00:26:48,240 --> 00:26:50,120 Speaker 2: Congratulations first of. 581 00:26:50,000 --> 00:26:51,040 Speaker 4: All you thank. 582 00:26:51,080 --> 00:26:54,919 Speaker 6: YOU i think the congratulations belongs to a lot of. 583 00:26:54,920 --> 00:26:59,160 Speaker 6: People it was a literal army of people who had 584 00:26:59,160 --> 00:27:01,680 Speaker 6: a part in this whole thing and the vision Of Steve, 585 00:27:01,720 --> 00:27:05,479 Speaker 6: bomber WHICH i think many were a little speculative about 586 00:27:06,040 --> 00:27:09,160 Speaker 6: as we were creating a lot of really new concepts 587 00:27:09,160 --> 00:27:11,560 Speaker 6: in terms of new technology and new experiences and AN 588 00:27:11,640 --> 00:27:15,439 Speaker 6: mba facility and certainly a magical place that turned out 589 00:27:15,480 --> 00:27:16,080 Speaker 6: for music as. 590 00:27:16,119 --> 00:27:18,560 Speaker 3: Well the last time you were, here you Weren't Halo 591 00:27:18,680 --> 00:27:22,320 Speaker 3: sports And. Entertainment how have things changed inside of the, organization? 592 00:27:22,440 --> 00:27:25,280 Speaker 3: RIGHT i, MEAN i know that Beautiful halo screen you 593 00:27:25,320 --> 00:27:27,280 Speaker 3: have at the into it Though i'm sure that it's 594 00:27:27,320 --> 00:27:29,120 Speaker 3: something to do with the. Name but you, know talk 595 00:27:29,160 --> 00:27:31,800 Speaker 3: to us now about you consolidating everything under this one umbrella, 596 00:27:31,920 --> 00:27:34,879 Speaker 3: name the, branding the challenges for, you For Steve bomber 597 00:27:34,880 --> 00:27:35,680 Speaker 3: and for the organization. 598 00:27:35,760 --> 00:27:38,080 Speaker 6: Here, yeah, WELL i think when you think about the 599 00:27:38,080 --> 00:27:41,439 Speaker 6: business and That, halo it sort of wraps around to 600 00:27:41,480 --> 00:27:44,800 Speaker 6: the building and it creates a you, know sort of 601 00:27:45,040 --> 00:27:49,160 Speaker 6: unexpected experience for, people and that's sort of what we 602 00:27:49,240 --> 00:27:53,320 Speaker 6: hope that all of these properties. Do so as we 603 00:27:53,320 --> 00:27:56,480 Speaker 6: were thinking about economies of scale and really being one 604 00:27:56,640 --> 00:27:59,120 Speaker 6: organization that has the same kind of, vision we felt 605 00:27:59,119 --> 00:28:02,320 Speaker 6: like it was a important to establish that So Kia, 606 00:28:02,440 --> 00:28:05,680 Speaker 6: forum our property that's you, know just a mile down 607 00:28:05,760 --> 00:28:08,680 Speaker 6: the road From Into It dome is you, know part 608 00:28:08,680 --> 00:28:11,000 Speaker 6: Of Halo sports And, entertainment as well As Into It, 609 00:28:11,080 --> 00:28:13,400 Speaker 6: dome The clippers and then The San Diego, clippers which 610 00:28:13,400 --> 00:28:14,040 Speaker 6: is OUR G league. 611 00:28:14,040 --> 00:28:16,760 Speaker 8: Affiliate when you're just talking about how all these things 612 00:28:16,800 --> 00:28:19,600 Speaker 8: that were coming, together the, innovation the creativity Of Steve, 613 00:28:19,640 --> 00:28:22,280 Speaker 8: walmer when you're creating the venue that Is venue of The, 614 00:28:22,359 --> 00:28:24,919 Speaker 8: year tell us about, that Because, michael you, know you 615 00:28:24,960 --> 00:28:27,879 Speaker 8: can go into a concession and you can just walk 616 00:28:27,920 --> 00:28:30,320 Speaker 8: in as long as you have everything loaded up on 617 00:28:30,359 --> 00:28:32,040 Speaker 8: your app and you just walk, in get your, popcorn 618 00:28:32,160 --> 00:28:34,600 Speaker 8: go back to your, seat without swiping your credit, card 619 00:28:34,600 --> 00:28:36,760 Speaker 8: without doing anything like. THAT i, mean when you're looking 620 00:28:36,800 --> 00:28:39,680 Speaker 8: at all that, innovation The, Halo Like damian was, saying 621 00:28:40,080 --> 00:28:42,320 Speaker 8: what were those, conversations, like how did you? 622 00:28:42,720 --> 00:28:44,479 Speaker 7: Think, okay this is how we're going to do? It 623 00:28:44,720 --> 00:28:45,440 Speaker 7: tell us about all. 624 00:28:45,520 --> 00:28:48,480 Speaker 6: That, YEAH i, mean it actually turns out that hard 625 00:28:48,480 --> 00:28:54,120 Speaker 6: things are really actually quite. Hard and that's what this 626 00:28:54,400 --> 00:28:57,840 Speaker 6: was because When steve established this concept for, us he, 627 00:28:57,920 --> 00:29:00,360 Speaker 6: SAID i wanted to be like my living, room and 628 00:29:00,440 --> 00:29:03,520 Speaker 6: in my living, ROOM i have a perfect view of the. 629 00:29:03,520 --> 00:29:05,560 Speaker 6: Game nothing is blocking my view of the. GAME i 630 00:29:05,560 --> 00:29:07,600 Speaker 6: want to have a seat that's comfortable and wide and 631 00:29:07,640 --> 00:29:11,120 Speaker 6: that provides me with perfect sight. LINES i want to 632 00:29:11,160 --> 00:29:13,240 Speaker 6: get something to drink When i'm in my living. ROOM 633 00:29:13,440 --> 00:29:15,320 Speaker 6: i get up from my comfortable, SEAT i go to the, 634 00:29:15,320 --> 00:29:17,040 Speaker 6: FRIDGE i open the, DOOR i pull out my, drink 635 00:29:17,080 --> 00:29:19,680 Speaker 6: AND i walk back to my. Seat nobody stops. ME 636 00:29:19,920 --> 00:29:22,080 Speaker 6: i don't have to worry about missing part of the. 637 00:29:22,120 --> 00:29:24,840 Speaker 6: GAME i can be back before the end of the commercial. 638 00:29:24,880 --> 00:29:29,719 Speaker 6: Break can we do that for eighteen thousand? People same with. 639 00:29:29,800 --> 00:29:32,200 Speaker 6: Bathrooms the bathroom outside my living room does not have 640 00:29:32,280 --> 00:29:34,120 Speaker 6: a line at, it AND i don't want the bathrooms 641 00:29:34,120 --> 00:29:36,120 Speaker 6: set into it don't to have lines at. Them so 642 00:29:36,320 --> 00:29:38,400 Speaker 6: we really looked at the building and, Said, okay what 643 00:29:38,440 --> 00:29:41,800 Speaker 6: can be done through, architecture so we can add, bathrooms 644 00:29:42,320 --> 00:29:45,120 Speaker 6: and we did some pedestrian modeling where we had half 645 00:29:45,120 --> 00:29:47,000 Speaker 6: of a section get up at the same, time go 646 00:29:47,040 --> 00:29:48,720 Speaker 6: to the restroom at the same. Time could they get 647 00:29:48,760 --> 00:29:51,320 Speaker 6: back to their, Seat and we just kept adding them 648 00:29:51,440 --> 00:29:54,920 Speaker 6: until we were able to solve that. Puzzle so that 649 00:29:55,400 --> 00:29:57,800 Speaker 6: was one part of, it the architecture. Part the other 650 00:29:57,800 --> 00:30:01,040 Speaker 6: part of it was the technology part was, okay then 651 00:30:01,120 --> 00:30:03,760 Speaker 6: how do we make it possible after that restroom stop 652 00:30:03,800 --> 00:30:05,840 Speaker 6: for you to run to a concession, stand grab a 653 00:30:05,880 --> 00:30:08,640 Speaker 6: drink out of the, fridge and you, know an amazing 654 00:30:08,840 --> 00:30:11,960 Speaker 6: burger and go back to your seat without missing any 655 00:30:12,000 --> 00:30:15,280 Speaker 6: part of the. Game and that's where you, know a 656 00:30:15,320 --> 00:30:18,280 Speaker 6: whole host of, people INCLUDING I fi, technology which is 657 00:30:18,320 --> 00:30:22,280 Speaker 6: the technology that powers the frictionless, experience And, globin who you, 658 00:30:22,280 --> 00:30:25,000 Speaker 6: know kind of puts everything together and creates the process 659 00:30:25,040 --> 00:30:27,840 Speaker 6: that works with her app as well as clear which 660 00:30:28,360 --> 00:30:32,120 Speaker 6: powers our game FACE. Id so when you are downloading 661 00:30:32,120 --> 00:30:34,600 Speaker 6: the app for into it, dome you say who you, 662 00:30:34,640 --> 00:30:37,080 Speaker 6: are your ticket is attached to, It you give us your, 663 00:30:37,080 --> 00:30:39,800 Speaker 6: information you take a selfie of, yourself and you upload 664 00:30:39,800 --> 00:30:44,320 Speaker 6: a payment, method and that's become faster and simpler throughout the. 665 00:30:44,360 --> 00:30:46,960 Speaker 6: Season but after you've done all of those, things you 666 00:30:47,000 --> 00:30:49,200 Speaker 6: literally can put your phone in your pocket and just 667 00:30:49,440 --> 00:30:52,000 Speaker 6: walk in the building and your face is your, ticket 668 00:30:52,120 --> 00:30:54,600 Speaker 6: your face is your, wallet your face is your access 669 00:30:54,640 --> 00:30:57,800 Speaker 6: to a, club and essentially you do have this experience 670 00:30:57,800 --> 00:31:00,920 Speaker 6: That's steve, envisioned which, is you, know it gets to 671 00:31:00,960 --> 00:31:02,280 Speaker 6: be like your living. 672 00:31:02,360 --> 00:31:02,560 Speaker 5: Room. 673 00:31:02,640 --> 00:31:07,720 Speaker 6: Now building that has been you, know a tremendous process 674 00:31:07,760 --> 00:31:10,720 Speaker 6: of collaboration with a lot of, people tremendous help From 675 00:31:11,000 --> 00:31:14,479 Speaker 6: ticketmaster in order to integrate the ticket process into all of, 676 00:31:14,520 --> 00:31:17,200 Speaker 6: this and the number of people who kind of took 677 00:31:17,240 --> 00:31:21,000 Speaker 6: this vision on as their own and, said you, know 678 00:31:21,120 --> 00:31:23,320 Speaker 6: this is a part of what will be our legacy 679 00:31:23,840 --> 00:31:26,520 Speaker 6: is really WHAT i think got us to this venue 680 00:31:26,560 --> 00:31:28,880 Speaker 6: of the. Year it wasn't one, person it, was you, 681 00:31:28,920 --> 00:31:31,680 Speaker 6: know an army of people who, said you, know let's 682 00:31:31,720 --> 00:31:33,960 Speaker 6: do something really innovative and. Amazing you know. 683 00:31:33,920 --> 00:31:36,360 Speaker 2: What Old Geezer bar used to do when he would 684 00:31:36,400 --> 00:31:39,240 Speaker 2: go to the Old Tiger stadium back In detroit AND 685 00:31:39,320 --> 00:31:43,120 Speaker 2: i wanted to go to the men's, room there was a. Trout, Okay. 686 00:31:44,920 --> 00:31:47,959 Speaker 4: I'm getting off, Time, yeah but those trouts are. 687 00:31:48,000 --> 00:31:52,920 Speaker 2: Fast, YEAH i want to get to the basic question 688 00:31:53,600 --> 00:31:55,600 Speaker 2: what is it? Like and we asked you, THIS i 689 00:31:55,640 --> 00:31:57,560 Speaker 2: think when you were here in the last. Time So 690 00:31:57,600 --> 00:32:00,400 Speaker 2: i'm going to ask you, again what is it? Like 691 00:32:00,680 --> 00:32:01,440 Speaker 2: working For Steve? 692 00:32:01,480 --> 00:32:03,760 Speaker 6: Bohmer greatest experience of my. 693 00:32:03,840 --> 00:32:04,720 Speaker 7: Life it's just. 694 00:32:05,720 --> 00:32:09,760 Speaker 6: Amazing you, know he is a, driver you, know he 695 00:32:09,760 --> 00:32:12,200 Speaker 6: he you, know will paint a WHAT i like to 696 00:32:12,240 --> 00:32:15,160 Speaker 6: call the one hundred thousand foot picture of things and 697 00:32:15,240 --> 00:32:18,000 Speaker 6: then he'll let you think about. It and there literally 698 00:32:18,080 --> 00:32:20,640 Speaker 6: is not a resource that you can't get to anywhere 699 00:32:20,640 --> 00:32:23,080 Speaker 6: on the. Planet SO i remember WHEN i was sort 700 00:32:23,120 --> 00:32:26,120 Speaker 6: of stopped at this idea of facilitating this living room. 701 00:32:26,160 --> 00:32:28,160 Speaker 6: Concept where do you go to build something like this 702 00:32:28,360 --> 00:32:31,800 Speaker 6: that's never been done? Before AND i started thinking ABOUT 703 00:32:31,840 --> 00:32:34,000 Speaker 6: i don't even really know how to write a job 704 00:32:34,040 --> 00:32:36,080 Speaker 6: description for the person who would need to lead this. 705 00:32:36,240 --> 00:32:39,240 Speaker 6: Tack so he, said, okay we'll think about. It you, 706 00:32:39,280 --> 00:32:42,160 Speaker 6: know where would there be a place, where you, know 707 00:32:42,240 --> 00:32:44,160 Speaker 6: you might see that skill? Set AND i was like 708 00:32:44,200 --> 00:32:46,240 Speaker 6: theme Parks and he's, like, well you know you have 709 00:32:46,280 --> 00:32:48,720 Speaker 6: a season ticket holder who knows something about theme. Parks 710 00:32:48,720 --> 00:32:52,320 Speaker 6: So Bob, aiker longtime season ticket holder of The clippers 711 00:32:52,360 --> 00:32:58,400 Speaker 6: and ticket holder, there and SO i was, like, oh, yeah. 712 00:32:58,480 --> 00:33:00,760 Speaker 6: Okay SO i reached out AND i, said you, know 713 00:33:00,840 --> 00:33:02,960 Speaker 6: CAN i JUST i want to learn what great looks? 714 00:33:03,040 --> 00:33:04,920 Speaker 6: Like CAN i just meet with the person Who and 715 00:33:04,920 --> 00:33:07,720 Speaker 6: this obviously wasn't a target for somebody who would come 716 00:33:07,760 --> 00:33:10,200 Speaker 6: to help us with into, it, don't BUT i just 717 00:33:10,240 --> 00:33:13,120 Speaker 6: wanted to see what that kind of visionary person was, 718 00:33:13,280 --> 00:33:16,239 Speaker 6: like the skill sets they. Had AND i met him 719 00:33:16,280 --> 00:33:18,600 Speaker 6: and he was amazing and he really helped a lot 720 00:33:18,640 --> 00:33:21,640 Speaker 6: with both painting the. Picture, yes it's, possible there's tech 721 00:33:21,680 --> 00:33:24,240 Speaker 6: out there that you could integrate in order to make this. 722 00:33:24,400 --> 00:33:27,440 Speaker 6: Happen and then let me help you find a recruiter 723 00:33:27,480 --> 00:33:29,200 Speaker 6: who can help you find to the person who can 724 00:33:29,240 --> 00:33:30,640 Speaker 6: do this for, you and let me help you write 725 00:33:30,640 --> 00:33:30,880 Speaker 6: the job. 726 00:33:30,920 --> 00:33:33,240 Speaker 3: Description, Well, gilly now hold up a. Second yeah's let's 727 00:33:33,280 --> 00:33:34,840 Speaker 3: just be. Clear you are sitting on the board of 728 00:33:34,880 --> 00:33:37,880 Speaker 3: directors For Hulahan loki as, well one of the top 729 00:33:38,120 --> 00:33:41,800 Speaker 3: financial advisory and restructuring practices focused on the sports ecosystem out. 730 00:33:41,800 --> 00:33:44,480 Speaker 3: There your name To Los Angeles Magazine's Most Powerful women IN. 731 00:33:44,600 --> 00:33:47,960 Speaker 3: LA i mean You're Los Angeles Business Journal executive of The. 732 00:33:48,040 --> 00:33:50,400 Speaker 3: YEAR i mean you're no slaut. Yourself thank, you you 733 00:33:50,400 --> 00:33:52,520 Speaker 3: know these spill. Gates you're His steve model right, Now 734 00:33:52,520 --> 00:33:55,160 Speaker 3: so talk to us a little bit about that. Relationship, Man, 735 00:33:55,320 --> 00:33:56,000 Speaker 3: jim we know. 736 00:33:56,200 --> 00:33:59,400 Speaker 6: You, Yeah oh my, GOSH i feel privileged to know. 737 00:33:59,480 --> 00:34:02,320 Speaker 6: You you, KNOW i think this is the magic of. 738 00:34:02,360 --> 00:34:05,040 Speaker 6: Him he makes everybody around him, better you, know whether 739 00:34:05,200 --> 00:34:08,880 Speaker 6: you're you, KNOW i think even his family would say the. Same, 740 00:34:08,960 --> 00:34:12,520 Speaker 6: like the impact that he has is is pretty. Tremendous 741 00:34:13,200 --> 00:34:15,600 Speaker 6: AND i would, say like the network that he, has 742 00:34:15,760 --> 00:34:18,839 Speaker 6: the people that he's been around during his, life and 743 00:34:18,920 --> 00:34:21,480 Speaker 6: the stories that he tells about the people that he's 744 00:34:21,560 --> 00:34:25,359 Speaker 6: learned from at sort of every, level in every, opportunity 745 00:34:25,440 --> 00:34:29,560 Speaker 6: in every, space and you, know it's reminded me of 746 00:34:29,600 --> 00:34:32,520 Speaker 6: this incredible power of. Networking you, know you mentioned, this 747 00:34:32,520 --> 00:34:34,719 Speaker 6: this network THAT i happen to enjoy at this, point 748 00:34:34,760 --> 00:34:37,840 Speaker 6: but you know that started WHEN i was in. COLLEGE 749 00:34:37,840 --> 00:34:40,520 Speaker 6: i went To Hamilton, college very small liberal arts, school 750 00:34:41,120 --> 00:34:43,840 Speaker 6: right with an amazing, network and to this, day LIKE 751 00:34:43,960 --> 00:34:46,440 Speaker 6: i use that as part of, it you, know AS 752 00:34:46,480 --> 00:34:48,920 Speaker 6: i meet. People he's Got, adilson THE ceo Of Julian, 753 00:34:49,040 --> 00:34:51,480 Speaker 6: LOKI i, mean just a tremendous human, being but also 754 00:34:51,640 --> 00:34:54,319 Speaker 6: like shows the power of network and what that can, 755 00:34:54,360 --> 00:34:57,160 Speaker 6: do AND i think that you, know that's something that 756 00:34:57,200 --> 00:34:59,200 Speaker 6: we spend a lot of time sort of talking, about 757 00:34:59,280 --> 00:35:02,640 Speaker 6: is is who does things the? Best and then how 758 00:35:02,680 --> 00:35:05,080 Speaker 6: can you learn from, them emulate from, them be around? 759 00:35:05,160 --> 00:35:08,680 Speaker 6: Them and that challenges us in order to, Say, okay 760 00:35:08,680 --> 00:35:12,000 Speaker 6: what's next and you know your point about what's. Coming 761 00:35:12,320 --> 00:35:14,640 Speaker 6: that's kind of the most amazing part about into A, Dome. 762 00:35:15,000 --> 00:35:17,319 Speaker 6: Steve you, know sort of when we talk about, it we, 763 00:35:17,320 --> 00:35:19,719 Speaker 6: say into a dome is the, hardware, right but what 764 00:35:19,840 --> 00:35:22,920 Speaker 6: powers it is the. Software and part of that software 765 00:35:23,000 --> 00:35:26,960 Speaker 6: are the. Fans like that's the fan experience that creates 766 00:35:27,080 --> 00:35:30,440 Speaker 6: this energy and this emotion where you leave the place 767 00:35:30,480 --> 00:35:34,200 Speaker 6: and you, think oh my, god, right that's what a 768 00:35:34,400 --> 00:35:37,160 Speaker 6: concert or a sporting event should be all, about win or. 769 00:35:37,239 --> 00:35:40,000 Speaker 7: Loose, really it's just like that spirit that you're left. 770 00:35:40,040 --> 00:35:42,719 Speaker 6: With it's a really magical. Place AND i always say 771 00:35:42,719 --> 00:35:44,239 Speaker 6: to people they're, like, Oh i've seen it ON tv 772 00:35:44,320 --> 00:35:46,399 Speaker 6: and it looks, Amazing like you have to be their 773 00:35:46,480 --> 00:35:48,080 Speaker 6: live to really understand the power of this. 774 00:35:48,120 --> 00:35:50,719 Speaker 7: BUILDING i love that you're talking about the magic of. 775 00:35:50,800 --> 00:35:53,440 Speaker 8: It and also as we talk about what's, NEXT la 776 00:35:53,520 --> 00:35:57,000 Speaker 8: twenty twenty eight is on the, horizon and you, know 777 00:35:57,080 --> 00:35:59,680 Speaker 8: into a. Dome wasn't it wasn't built WHEN la got 778 00:35:59,680 --> 00:36:02,440 Speaker 8: the big and for this no Build olympics that you, 779 00:36:02,440 --> 00:36:04,440 Speaker 8: know we have all these, venues they're also, great and 780 00:36:04,480 --> 00:36:06,279 Speaker 8: then you add into a dome on top of. 781 00:36:06,320 --> 00:36:07,439 Speaker 7: It tell us about. 782 00:36:07,480 --> 00:36:09,600 Speaker 8: That how excited you guys are to have The olympics 783 00:36:09,600 --> 00:36:10,560 Speaker 8: IN la and all of. 784 00:36:10,600 --> 00:36:13,200 Speaker 6: THAT i, mean we are incredibly proud to be hosting 785 00:36:13,239 --> 00:36:16,600 Speaker 6: basketball and we, think obviously it is the absolute perfect 786 00:36:16,680 --> 00:36:18,680 Speaker 6: venue to be doing. THAT i, mean just the sheer 787 00:36:18,719 --> 00:36:21,840 Speaker 6: number of locker rooms we've built and the spaces that 788 00:36:21,880 --> 00:36:24,000 Speaker 6: we have for training at the week all going to be. There, 789 00:36:24,680 --> 00:36:26,759 Speaker 6: WOW i sure. Hope so you, know it's it's so. 790 00:36:26,800 --> 00:36:28,759 Speaker 6: FUNNY i, mean that'll be An olympic. Decision but it's 791 00:36:28,800 --> 00:36:30,239 Speaker 6: one of the things that we've been talking. About we 792 00:36:30,280 --> 00:36:33,279 Speaker 6: have THE Nba All Star game coming In february and 793 00:36:33,280 --> 00:36:35,480 Speaker 6: we're really excited about, it and one of the conversations 794 00:36:35,520 --> 00:36:37,480 Speaker 6: that we've been having with them is how important it 795 00:36:37,560 --> 00:36:38,280 Speaker 6: is to have. 796 00:36:38,160 --> 00:36:39,120 Speaker 7: The wall providing that. 797 00:36:39,320 --> 00:36:42,320 Speaker 6: Energy and you, know just for people who aren't aware of, 798 00:36:42,400 --> 00:36:44,680 Speaker 6: it it starts In row, one goes up To row 799 00:36:44,719 --> 00:36:47,400 Speaker 6: fifty one and it's a contiguous. Grandstand so it's just 800 00:36:47,400 --> 00:36:49,719 Speaker 6: a sea of humanity and it is the steepest rake 801 00:36:49,760 --> 00:36:52,360 Speaker 6: allowable by. Code but the seats are really, comfortable so 802 00:36:52,400 --> 00:36:54,520 Speaker 6: they have a ton of leg, room which is really 803 00:36:54,520 --> 00:36:58,279 Speaker 6: important if you want fans to stand and. Cheer so this, 804 00:36:58,400 --> 00:37:02,080 Speaker 6: thing you, know when it is full in the middle of, 805 00:37:02,120 --> 00:37:05,439 Speaker 6: it is this standing supporter, section you, know that's about 806 00:37:05,440 --> 00:37:09,440 Speaker 6: four hundred strong that powers the remainder of the forty 807 00:37:09,480 --> 00:37:12,760 Speaker 6: six hundred seats that are. There and they're incredibly, funny 808 00:37:12,960 --> 00:37:16,759 Speaker 6: like super fun very. Clever you, know the things that 809 00:37:16,800 --> 00:37:19,719 Speaker 6: they do in there are just pure joy and it's 810 00:37:19,960 --> 00:37:21,880 Speaker 6: more similar to what you might experience in a college 811 00:37:21,960 --> 00:37:24,560 Speaker 6: environment than anywhere. Else AND i think that it's become 812 00:37:24,640 --> 00:37:27,319 Speaker 6: really one of the most popular places for people to 813 00:37:27,400 --> 00:37:31,439 Speaker 6: sit anywhere in the. Arena so pretty, amazing great place 814 00:37:31,480 --> 00:37:34,200 Speaker 6: for kids and families and anybody who has a whole 815 00:37:34,200 --> 00:37:36,360 Speaker 6: bunch of. Energy but you have to be A clippers 816 00:37:36,400 --> 00:37:38,640 Speaker 6: fan to sit. There we do not let opposing team 817 00:37:38,680 --> 00:37:41,239 Speaker 6: fans sit. There you cannot wear a posing team. Gear 818 00:37:41,440 --> 00:37:42,560 Speaker 6: will relocate you somewhere. 819 00:37:42,560 --> 00:37:45,120 Speaker 2: ELSE i am so glad you said. This here's a 820 00:37:45,239 --> 00:37:49,600 Speaker 2: lesson for folks who are ever invited to go to 821 00:37:49,640 --> 00:37:53,560 Speaker 2: sit in a, box you better wear the jersey of 822 00:37:53,600 --> 00:37:56,319 Speaker 2: the people who invited you in the. Box good. Point 823 00:37:56,360 --> 00:37:59,760 Speaker 2: yeah you, Know i'm. Sorry thanks To Gillian zucker for joining. 824 00:37:59,800 --> 00:38:03,560 Speaker 2: Us She's president Of Business operations for The La clippers 825 00:38:03,600 --> 00:38:07,560 Speaker 2: AND ceo Of Halo sports And. Entertainment and thank you 826 00:38:07,760 --> 00:38:11,080 Speaker 2: for joining. Us for my Colleagues Damien sassauer And Vanessa, 827 00:38:11,120 --> 00:38:13,799 Speaker 2: Perdomo I'm Michael. Barr tune in again next week for 828 00:38:13,840 --> 00:38:16,520 Speaker 2: the latest on the stories moving big money in the 829 00:38:16,520 --> 00:38:20,400 Speaker 2: world of. Sports you are listening To The Bloomberg business 830 00:38:20,400 --> 00:38:24,560 Speaker 2: Of Sports Bloomberger radio around the, world and don't forget 831 00:38:24,560 --> 00:38:26,880 Speaker 2: to catch our podcast on all your podcast. 832 00:38:26,960 --> 00:38:27,680 Speaker 5: Platforms