1
00:00:00,280 --> 00:00:03,560
Speaker 1: This is the business of sports where in the situation

2
00:00:03,640 --> 00:00:06,400
Speaker 1: that we haven't dealt with in modern times, pandemic here

3
00:00:06,440 --> 00:00:10,479
Speaker 1: has really accelerated the investments that we've been advocating for

4
00:00:10,480 --> 00:00:13,280
Speaker 1: for years. Almost everyone else there is hoping that there's

5
00:00:13,280 --> 00:00:16,800
Speaker 1: some kind of return to normal by August September. In

6
00:00:16,880 --> 00:00:20,200
Speaker 1: depth conversations with the leaders in the sports industry, who

7
00:00:20,200 --> 00:00:22,800
Speaker 1: wants to be the sacrificial lambs that shows up at

8
00:00:22,840 --> 00:00:25,640
Speaker 1: the first big major sporting events were part of something

9
00:00:25,720 --> 00:00:28,120
Speaker 1: much bigger than the sport right now and the health

10
00:00:28,120 --> 00:00:31,080
Speaker 1: and safety of our stakeholders are both more important every moment.

11
00:00:31,280 --> 00:00:33,760
Speaker 1: I think we're all from business respective thinking about the

12
00:00:33,800 --> 00:00:36,280
Speaker 1: impact that the virus is having a across the country.

13
00:00:36,520 --> 00:00:40,880
Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. Hello, I'm Jason

14
00:00:40,960 --> 00:00:43,559
Speaker 1: Kelly and I'm Mike Lynn, And over the next hour

15
00:00:43,640 --> 00:00:45,559
Speaker 1: we're going to explore the big money issues in the

16
00:00:45,600 --> 00:00:48,519
Speaker 1: world of sports, talk about some of the biggest players

17
00:00:48,600 --> 00:00:51,680
Speaker 1: in the industry. Today. On the show, we're going to

18
00:00:51,760 --> 00:00:54,920
Speaker 1: speak with PGA Tour Commissioner j Monahan. Of course, the

19
00:00:55,000 --> 00:00:58,520
Speaker 1: PGA getting back to playing in a modified way to

20
00:00:58,640 --> 00:01:01,120
Speaker 1: say the least, But first we have to talk about

21
00:01:01,160 --> 00:01:03,920
Speaker 1: some of what's been going on this week, and Mike,

22
00:01:05,080 --> 00:01:08,720
Speaker 1: I mean, wow, another week where I think you and

23
00:01:08,760 --> 00:01:11,440
Speaker 1: I are both sitting back trying to take it all in,

24
00:01:11,800 --> 00:01:15,120
Speaker 1: to try and understand some of how the sports world

25
00:01:15,280 --> 00:01:19,480
Speaker 1: is reacting to the broader world. We look to sports

26
00:01:19,520 --> 00:01:21,880
Speaker 1: as a cultural touchstone. I think you and I have

27
00:01:21,920 --> 00:01:26,000
Speaker 1: both learned that over the course of our careers, and

28
00:01:27,080 --> 00:01:31,440
Speaker 1: so much has come to sports in many ways. And

29
00:01:32,400 --> 00:01:34,759
Speaker 1: we're gonna talk later on with Eric Shatzker about player

30
00:01:34,800 --> 00:01:37,760
Speaker 1: empowerment in the NBA. He spoke with one of the

31
00:01:37,800 --> 00:01:40,399
Speaker 1: big owners in in fact, the owner of the Philadelphia

32
00:01:40,480 --> 00:01:43,919
Speaker 1: seventies sixers. We are seeing a lot of athletes speak out.

33
00:01:44,520 --> 00:01:48,120
Speaker 1: Let's talk about what we saw in NASCAR this week. Well,

34
00:01:48,240 --> 00:01:52,640
Speaker 1: NASCAR has banned the flying of the Confederate flag at

35
00:01:52,680 --> 00:01:56,160
Speaker 1: any of their events, and it was a great move

36
00:01:56,280 --> 00:02:00,120
Speaker 1: for this one African American driver on the current on

37
00:02:00,200 --> 00:02:03,880
Speaker 1: NASCAR right now, and that's Bubba Wallace. He called for it. Uh,

38
00:02:04,040 --> 00:02:07,160
Speaker 1: NASCAR reacted, But now I think there's gonna a lot

39
00:02:07,160 --> 00:02:11,040
Speaker 1: of a lot of problems will ensue because there the

40
00:02:11,080 --> 00:02:15,640
Speaker 1: constituency is mostly Southern whites who like to fly the

41
00:02:15,639 --> 00:02:18,760
Speaker 1: Confederate flag. A pop, their Winnebago's the top, their grills,

42
00:02:19,200 --> 00:02:22,960
Speaker 1: top everything. They have, their hats, their tattoos. How do

43
00:02:23,040 --> 00:02:25,560
Speaker 1: you enforce it? And I think that's gonna be a

44
00:02:25,639 --> 00:02:28,720
Speaker 1: step number two, a great move by NASCAR. Enforcing It's

45
00:02:28,760 --> 00:02:32,079
Speaker 1: going to be a very difficult chore. Yeah, I've thought

46
00:02:32,080 --> 00:02:35,000
Speaker 1: a lot about this. I'm Southern, I grew up down south.

47
00:02:35,040 --> 00:02:38,440
Speaker 1: I'm familiar with NASCAR, And I go back to the

48
00:02:38,480 --> 00:02:40,639
Speaker 1: conversation I had a couple of weeks ago with George Pine,

49
00:02:40,680 --> 00:02:45,000
Speaker 1: he of course, was the CEO of NASCAR. He talked

50
00:02:45,000 --> 00:02:49,800
Speaker 1: a lot about understanding the demographics and understanding the fan base.

51
00:02:49,960 --> 00:02:53,360
Speaker 1: It is a very devoted fan base. I mean. The

52
00:02:53,440 --> 00:02:56,960
Speaker 1: only thing that I will say, and I say this

53
00:02:57,080 --> 00:02:59,880
Speaker 1: again as a Southerner, I think you were talking of

54
00:03:00,000 --> 00:03:05,040
Speaker 1: out a very small um yet in some cases very

55
00:03:05,120 --> 00:03:09,880
Speaker 1: vocal uh part of the fan base that and and

56
00:03:09,960 --> 00:03:12,960
Speaker 1: NASCAR probably has. If we're looking across the sports, a

57
00:03:13,000 --> 00:03:18,800
Speaker 1: disproportionate number of folks who you know, defiantly in many

58
00:03:18,800 --> 00:03:21,120
Speaker 1: ways would say, Nope, this is my right, I'm going

59
00:03:21,160 --> 00:03:24,000
Speaker 1: to do this, and they make the argument, which I

60
00:03:24,080 --> 00:03:28,120
Speaker 1: personally think is bogus, that you know, this is history,

61
00:03:28,160 --> 00:03:31,640
Speaker 1: This is part of uh, you know, my heritage. This

62
00:03:31,720 --> 00:03:34,440
Speaker 1: is what they would say, you know, being a Southerner.

63
00:03:35,320 --> 00:03:37,400
Speaker 1: I think we as a country and we as a

64
00:03:37,480 --> 00:03:42,320
Speaker 1: society have largely rejected that rightly rejected that argument. And

65
00:03:42,360 --> 00:03:47,080
Speaker 1: I think it's interesting to think about what we've been

66
00:03:47,160 --> 00:03:51,680
Speaker 1: hearing from athletes specifically, and team owners and everyone around

67
00:03:51,720 --> 00:03:55,040
Speaker 1: sports and even in the broader world. You think about

68
00:03:55,120 --> 00:04:00,760
Speaker 1: what's going on in Virginia with the monuments to Confederate

69
00:04:00,800 --> 00:04:05,240
Speaker 1: generals being either taken down by the government or in

70
00:04:05,280 --> 00:04:09,440
Speaker 1: some cases pulled down by protesters. You've got things going

71
00:04:09,480 --> 00:04:13,800
Speaker 1: on within the government to take Confederate generals and Confederate

72
00:04:13,840 --> 00:04:17,920
Speaker 1: figures names off of military bases over the next uh

73
00:04:18,000 --> 00:04:21,800
Speaker 1: several years. So and you you even have um, which

74
00:04:21,800 --> 00:04:24,039
Speaker 1: I'm not sure people would have predicted. I mean, you

75
00:04:24,080 --> 00:04:27,920
Speaker 1: have HBO Max uh taking gone with the wind off

76
00:04:27,960 --> 00:04:31,000
Speaker 1: of its streaming service, saying it's going to return that

77
00:04:31,080 --> 00:04:36,479
Speaker 1: movie onto the service when it can appropriately frame from

78
00:04:36,480 --> 00:04:40,200
Speaker 1: a historical perspective what that movie was all about. This

79
00:04:40,240 --> 00:04:43,520
Speaker 1: is part of a bigger moment for sure. Well. The flag,

80
00:04:43,560 --> 00:04:46,039
Speaker 1: as we all know, represents a very shameful error in

81
00:04:46,080 --> 00:04:51,480
Speaker 1: our nation's history. Uh, sadly, some people still proudly fly it. Uh.

82
00:04:51,480 --> 00:04:54,279
Speaker 1: And in all the sports so far, all the leaders,

83
00:04:54,360 --> 00:04:57,520
Speaker 1: all the players have come out in support of change,

84
00:04:58,040 --> 00:05:02,279
Speaker 1: of awareness, of of of standing up for all the

85
00:05:02,320 --> 00:05:06,719
Speaker 1: African Americans. But in NASCAR, one of their drivers, Racist Aerelli, said,

86
00:05:07,279 --> 00:05:10,200
Speaker 1: that's a BS taking down that flag. I'm done racing

87
00:05:10,240 --> 00:05:11,880
Speaker 1: at the end of the year. He's the first athlete

88
00:05:11,880 --> 00:05:15,560
Speaker 1: that's come out and in being he's the contrarian, and

89
00:05:15,600 --> 00:05:17,400
Speaker 1: this shocks me. I said, good riddance to him. Who

90
00:05:17,400 --> 00:05:19,240
Speaker 1: needs him anyway. He's kind of a bust out driver

91
00:05:19,240 --> 00:05:22,080
Speaker 1: who's had one top ten finishing three years. He won't

92
00:05:22,120 --> 00:05:24,240
Speaker 1: be missed. But I think it's shameful of him to

93
00:05:24,240 --> 00:05:26,680
Speaker 1: come out and said that he's done if the Confederate

94
00:05:26,680 --> 00:05:28,960
Speaker 1: flags have to come down. And Mike, you talked about

95
00:05:28,960 --> 00:05:31,560
Speaker 1: Bubba Wallace, you know, the loan black driver on the

96
00:05:31,640 --> 00:05:36,360
Speaker 1: NASCAR circuit right now, and you know, seeing his very

97
00:05:36,400 --> 00:05:39,599
Speaker 1: public actions, what he is calling for, but also what

98
00:05:39,720 --> 00:05:43,080
Speaker 1: he's demonstrating and wearing the Black Lives Matter T shirt

99
00:05:43,160 --> 00:05:45,320
Speaker 1: while he's been racing. I think he's done that now

100
00:05:45,400 --> 00:05:49,640
Speaker 1: a couple of times, uh, changing the painting of his

101
00:05:49,800 --> 00:05:52,120
Speaker 1: car to reflect all of that, He's gotten a lot

102
00:05:52,120 --> 00:05:55,240
Speaker 1: of kudos from other athletes. I saw a tweet from

103
00:05:55,320 --> 00:05:59,080
Speaker 1: Lebron James earlier this week about that, so clearly drawing

104
00:05:59,120 --> 00:06:02,720
Speaker 1: a lot of attention in there. You know, this experience

105
00:06:02,800 --> 00:06:05,919
Speaker 1: that he is describing really does take me back to

106
00:06:05,960 --> 00:06:09,920
Speaker 1: the conversation we had earlier in the week with Terrell Davis.

107
00:06:10,000 --> 00:06:12,840
Speaker 1: And there were so many elements of that conversation that

108
00:06:12,880 --> 00:06:15,640
Speaker 1: I think you and I really appreciated in the moment

109
00:06:15,760 --> 00:06:19,080
Speaker 1: and in retrospect, And one of them was about his

110
00:06:19,200 --> 00:06:22,440
Speaker 1: own experience, and he was very candid about that. Let's

111
00:06:22,440 --> 00:06:24,160
Speaker 1: listen to that. I mean, I've had a number of

112
00:06:24,200 --> 00:06:26,240
Speaker 1: business way I had wonder where he put the dog

113
00:06:26,279 --> 00:06:27,760
Speaker 1: on me. They pulled my buddy and I over in

114
00:06:27,839 --> 00:06:30,920
Speaker 1: high school and put us on the trunk of a a car,

115
00:06:30,960 --> 00:06:34,120
Speaker 1: and the big old German shepherd was I mean within

116
00:06:34,200 --> 00:06:37,280
Speaker 1: an end of my face, and I can smell the

117
00:06:37,279 --> 00:06:39,760
Speaker 1: heat of his breath. And they didn't tell us why

118
00:06:40,000 --> 00:06:41,760
Speaker 1: did us get out to put up pull us off

119
00:06:41,760 --> 00:06:46,240
Speaker 1: the car? Did that searched us and just basically left.

120
00:06:46,880 --> 00:06:49,720
Speaker 1: You know. I would ride my bike from the intercity

121
00:06:49,760 --> 00:06:52,479
Speaker 1: Santigo Alway to the north side of San Diego. We

122
00:06:52,520 --> 00:06:55,520
Speaker 1: were doing our friends quite often and I remember every

123
00:06:55,520 --> 00:06:57,360
Speaker 1: time we would ride, and it's a long ride, so

124
00:06:57,480 --> 00:07:01,520
Speaker 1: it's not like a moloitude. It's pretty far and we

125
00:07:01,560 --> 00:07:04,960
Speaker 1: would probably more times not gets tired by law enforcement.

126
00:07:05,040 --> 00:07:06,800
Speaker 1: Most times it was friends. They pull you over theil

127
00:07:06,839 --> 00:07:09,640
Speaker 1: to ask your question, you know, where you guys from,

128
00:07:09,840 --> 00:07:11,760
Speaker 1: and we're like, yeah, we're from San Diego, like in

129
00:07:11,800 --> 00:07:14,600
Speaker 1: the city of San Diego. And then they'll you know,

130
00:07:14,760 --> 00:07:16,440
Speaker 1: stop you for a few minutes. They'll let you go

131
00:07:16,600 --> 00:07:21,440
Speaker 1: a few times. Remember one of them asking a few times.

132
00:07:21,320 --> 00:07:23,920
Speaker 1: Its kind of a friendly when I kind of maybe

133
00:07:23,920 --> 00:07:25,800
Speaker 1: in a funny way way they went from us. It

134
00:07:25,880 --> 00:07:27,560
Speaker 1: was like, hey, you guys are doing any vikes, did you?

135
00:07:28,640 --> 00:07:31,560
Speaker 1: And we're like, no, we just don't any bikes. Man.

136
00:07:31,760 --> 00:07:34,440
Speaker 1: You know it would it would almost be like, Okay,

137
00:07:34,480 --> 00:07:38,480
Speaker 1: I know we're gonna get stopped because we're away away

138
00:07:38,480 --> 00:07:40,320
Speaker 1: from where we live. We don't live nowhere in this

139
00:07:41,480 --> 00:07:43,840
Speaker 1: and you can catch all of that conversation that Mike

140
00:07:43,880 --> 00:07:46,160
Speaker 1: and I had with Terrell Davis on our podcast feed.

141
00:07:46,200 --> 00:07:49,600
Speaker 1: It's a long conversation, Uh, fair warning, but worth it,

142
00:07:49,680 --> 00:07:54,320
Speaker 1: I would say, because he was very honest and really

143
00:07:54,560 --> 00:07:59,360
Speaker 1: spoke from the heart about his own experienced conversations, you know,

144
00:07:59,400 --> 00:08:02,600
Speaker 1: as he said aad in that little clip with his dad,

145
00:08:03,040 --> 00:08:05,880
Speaker 1: what he says to his own children, what he remembers

146
00:08:05,920 --> 00:08:09,800
Speaker 1: about growing up in San Diego, and uh, it's powerful

147
00:08:09,920 --> 00:08:12,920
Speaker 1: in many ways. And I think, Mike, we have been

148
00:08:13,040 --> 00:08:15,880
Speaker 1: very fortunate to have some of these conversations with folks

149
00:08:15,880 --> 00:08:20,880
Speaker 1: and and getting that insight that I'm going to say

150
00:08:20,920 --> 00:08:22,720
Speaker 1: something that you and I have both said. You and

151
00:08:22,760 --> 00:08:25,320
Speaker 1: I don't have We we are like old white guys

152
00:08:25,440 --> 00:08:28,000
Speaker 1: and we did not have anything like this experience. We

153
00:08:28,040 --> 00:08:31,080
Speaker 1: will never have anything like this experience I would imagine

154
00:08:31,120 --> 00:08:33,920
Speaker 1: in our lives. And uh, I think it's relevant. And

155
00:08:34,080 --> 00:08:36,679
Speaker 1: you said earlier in the week something that has stuck

156
00:08:36,720 --> 00:08:39,760
Speaker 1: with me, this notion of hearing versus listening, and I

157
00:08:39,800 --> 00:08:42,680
Speaker 1: think listening to people has become that much more important.

158
00:08:42,760 --> 00:08:44,439
Speaker 1: Those are the two key words that I think that

159
00:08:44,920 --> 00:08:47,520
Speaker 1: I have been been predominant in our conversations this week,

160
00:08:47,880 --> 00:08:50,880
Speaker 1: and I urge our our listeners too. Don't just hear

161
00:08:50,920 --> 00:08:54,080
Speaker 1: what Terrell Davis is saying. Listen to what he's saying,

162
00:08:54,360 --> 00:08:57,120
Speaker 1: and try to imagine yourself in that situation. Because some

163
00:08:57,160 --> 00:08:59,280
Speaker 1: of the things he said are startling, and if they

164
00:08:59,280 --> 00:09:01,120
Speaker 1: happen to me when I was a teenager, I don't

165
00:09:01,120 --> 00:09:03,720
Speaker 1: know how I would react if it happened to me

166
00:09:03,800 --> 00:09:05,640
Speaker 1: every day and I had to look over my shoulder

167
00:09:05,720 --> 00:09:08,040
Speaker 1: and and worry about that. I mean, you know, we

168
00:09:08,040 --> 00:09:09,880
Speaker 1: were kids. The only thing we worried about is getting

169
00:09:09,920 --> 00:09:12,439
Speaker 1: home and supper time, and getting our homework done, and

170
00:09:12,440 --> 00:09:15,680
Speaker 1: and and and and being good, good citizens. These Terrell

171
00:09:15,800 --> 00:09:18,200
Speaker 1: Davis and the young blacks in this country have had

172
00:09:18,240 --> 00:09:21,560
Speaker 1: to worry about much, much more every single day. And

173
00:09:21,640 --> 00:09:24,800
Speaker 1: it's a fascinating conversation. Uh. We did a lot of

174
00:09:24,800 --> 00:09:26,960
Speaker 1: listening because Terrell does most of the talking, and he

175
00:09:27,000 --> 00:09:29,000
Speaker 1: was absolutely in a scale of one to ten, he

176
00:09:29,080 --> 00:09:31,520
Speaker 1: was a fifteen. Yeah, Yeah, it was really good. So

177
00:09:31,559 --> 00:09:34,600
Speaker 1: do check that out on our podcast feed. I do wonder, Mike,

178
00:09:34,640 --> 00:09:36,400
Speaker 1: you know, you've been doing this for a while, as

179
00:09:36,400 --> 00:09:40,320
Speaker 1: have I. We have seen moments, you know, catalytic moments

180
00:09:40,400 --> 00:09:43,840
Speaker 1: in both American history and sports history. This one does

181
00:09:44,000 --> 00:09:47,640
Speaker 1: feel different. But I wonder you know, in the course

182
00:09:47,679 --> 00:09:52,720
Speaker 1: of time what it will ultimately mean it feels like,

183
00:09:52,920 --> 00:09:54,720
Speaker 1: And we're going to talk about this with Eric Schatzker

184
00:09:55,080 --> 00:09:59,320
Speaker 1: in a few minutes. That the ownership of the big

185
00:09:59,480 --> 00:10:02,959
Speaker 1: sports teams and in the major leagues are to your point,

186
00:10:03,040 --> 00:10:06,920
Speaker 1: listening a little bit more and supporting. You know, Josh Harris,

187
00:10:06,960 --> 00:10:12,280
Speaker 1: who Eric spoke with, was incredibly direct about how he

188
00:10:12,360 --> 00:10:16,400
Speaker 1: feels about player empowerment, and obviously the NBA has been

189
00:10:16,440 --> 00:10:19,680
Speaker 1: probably the best model of that. But as you think

190
00:10:19,720 --> 00:10:22,720
Speaker 1: about this and you think about the course of history,

191
00:10:23,080 --> 00:10:26,320
Speaker 1: how does it feel in the moment to you? Well,

192
00:10:26,360 --> 00:10:28,280
Speaker 1: I think right now it feels like a James Bond

193
00:10:28,400 --> 00:10:31,440
Speaker 1: movie to me. Um, just when you when Bond, you

194
00:10:31,480 --> 00:10:33,760
Speaker 1: think he's gotten rid of one villain, around the corner

195
00:10:33,760 --> 00:10:36,120
Speaker 1: and around the next band here comes another villain. So

196
00:10:36,160 --> 00:10:38,440
Speaker 1: it seems like every time we've taken a step forward

197
00:10:38,520 --> 00:10:42,160
Speaker 1: and listening in an understanding and trying to affect change

198
00:10:42,240 --> 00:10:44,840
Speaker 1: after George Floyd's death and listening to all the sports

199
00:10:44,880 --> 00:10:47,559
Speaker 1: teams and the athletes who have come out, along comes

200
00:10:47,760 --> 00:10:51,160
Speaker 1: another problem. Here comes the Confederate flag, and here comes

201
00:10:51,160 --> 00:10:53,680
Speaker 1: a race driverson he's quitting at the end of the year,

202
00:10:53,960 --> 00:10:55,920
Speaker 1: and here come NASCAR fans and said, you want to

203
00:10:55,920 --> 00:10:58,560
Speaker 1: take my Confederate flag, come and get it. Reminds me

204
00:10:58,600 --> 00:11:00,800
Speaker 1: of Charlton Heston when he said give you my gun

205
00:11:01,080 --> 00:11:04,160
Speaker 1: when you pride it from my cold dead hands. So

206
00:11:04,520 --> 00:11:06,920
Speaker 1: you know the next next stop for NASCAR is a

207
00:11:07,040 --> 00:11:11,040
Speaker 1: homestead in Florida. That's this Sunday and the following Sunday

208
00:11:11,040 --> 00:11:16,640
Speaker 1: and Father's Day there in Talladega, which is an Alabama, big, big,

209
00:11:16,679 --> 00:11:21,600
Speaker 1: you know, Southern Confederate flag waving stake down there. Are

210
00:11:21,600 --> 00:11:24,880
Speaker 1: we going to have physical skirmishes when authorities come to

211
00:11:25,000 --> 00:11:29,720
Speaker 1: a Winnebago or to a tailgate party and said, uh, gentlemen, ladies,

212
00:11:29,840 --> 00:11:32,600
Speaker 1: give me a takedown your Confederate flag. What's gonna happen?

213
00:11:33,160 --> 00:11:34,719
Speaker 1: If they're going to be violence, are there going to

214
00:11:34,800 --> 00:11:38,760
Speaker 1: be confrontations? I don't I don't see a smooth uh

215
00:11:39,040 --> 00:11:44,160
Speaker 1: secession here from separating those people from the Confederate flags. Well,

216
00:11:44,480 --> 00:11:48,120
Speaker 1: you know, my view of it again, as as a Southerner,

217
00:11:48,360 --> 00:11:52,120
Speaker 1: is going back to this notion of a vocal, small,

218
00:11:52,200 --> 00:11:56,320
Speaker 1: small minority. You know, I wonder, and maybe I'm being

219
00:11:56,360 --> 00:12:00,839
Speaker 1: overly optimistic, you know, I wonder if you will see uh,

220
00:12:01,080 --> 00:12:05,679
Speaker 1: nationally a portrait of people, um, you know, NASCAR fans

221
00:12:05,679 --> 00:12:09,120
Speaker 1: and beyond, who are again, as we've been talking about,

222
00:12:09,160 --> 00:12:11,199
Speaker 1: on the right side of history here. You know that

223
00:12:11,559 --> 00:12:14,640
Speaker 1: maybe there will be a few people who, for whatever reason,

224
00:12:14,760 --> 00:12:19,160
Speaker 1: feel the need to demonstrate or show that, you know,

225
00:12:19,480 --> 00:12:21,960
Speaker 1: some suit over in Charlotte can't tell them what to

226
00:12:22,000 --> 00:12:24,040
Speaker 1: do in terms of what they're going to have when

227
00:12:24,040 --> 00:12:27,320
Speaker 1: they're cooler, or what they're gonna fly from their rv UM.

228
00:12:28,040 --> 00:12:32,840
Speaker 1: I I am cautiously optimistic that the vast majority of

229
00:12:32,920 --> 00:12:36,840
Speaker 1: people would look at this decision from NASCAR and essentially

230
00:12:36,920 --> 00:12:41,440
Speaker 1: say either A, I can't believe that we have to

231
00:12:41,480 --> 00:12:43,760
Speaker 1: tell people this, and of course that's the right thing

232
00:12:43,800 --> 00:12:46,440
Speaker 1: to do, and I would never imagine doing this or

233
00:12:47,040 --> 00:12:50,160
Speaker 1: will as the moment it feels like we're in is

234
00:12:50,160 --> 00:12:53,120
Speaker 1: calling for now, stand up and be part of the solution,

235
00:12:53,800 --> 00:12:57,480
Speaker 1: and you know, be part of the vocal majority who

236
00:12:57,679 --> 00:12:59,720
Speaker 1: are able to say to people that's just not right.

237
00:12:59,840 --> 00:13:02,800
Speaker 1: You know, we we as a society, we as a country,

238
00:13:02,880 --> 00:13:06,280
Speaker 1: have moved on from that moment, and regardless of what

239
00:13:06,600 --> 00:13:11,280
Speaker 1: you think about the flag, what you this person who

240
00:13:11,360 --> 00:13:13,640
Speaker 1: might be flying the flag think about this, this is

241
00:13:13,679 --> 00:13:16,079
Speaker 1: what we have decided, and this is what it means

242
00:13:16,120 --> 00:13:18,480
Speaker 1: to a broader group of people. So we'll see you're

243
00:13:18,520 --> 00:13:20,040
Speaker 1: you're right. I think we're gonna have a lot of

244
00:13:20,080 --> 00:13:23,920
Speaker 1: these moments over the course of the coming weeks and months,

245
00:13:23,960 --> 00:13:27,640
Speaker 1: and you know, certainly when fans are back in the stands,

246
00:13:27,920 --> 00:13:30,480
Speaker 1: you do wonder what some of the interactions are going

247
00:13:30,520 --> 00:13:33,040
Speaker 1: to be, not just in NASCAR, but in sports around

248
00:13:33,040 --> 00:13:35,120
Speaker 1: the world. We look to sports, as we started this

249
00:13:35,120 --> 00:13:37,880
Speaker 1: conversation saying, we look to sports, you know, as a

250
00:13:37,880 --> 00:13:42,760
Speaker 1: cultural touchstone, and uh, we also are in a time

251
00:13:43,160 --> 00:13:44,880
Speaker 1: and this is part of the conversation you're gonna hear

252
00:13:44,880 --> 00:13:48,040
Speaker 1: in just a minute with Eric Chatzker, where uh, the

253
00:13:48,120 --> 00:13:51,559
Speaker 1: league's and the owners are essentially saying in a different way,

254
00:13:52,320 --> 00:13:55,319
Speaker 1: are taking a very different stance, I should say, uh,

255
00:13:55,440 --> 00:13:58,560
Speaker 1: for their players on behalf of their players. The idea

256
00:13:58,640 --> 00:14:01,360
Speaker 1: that we're you know, a week out or so now

257
00:14:01,480 --> 00:14:03,840
Speaker 1: from Roger Goodell doing one of the biggest one eighties

258
00:14:03,880 --> 00:14:06,400
Speaker 1: we've ever seen on the part of the league and

259
00:14:06,480 --> 00:14:09,200
Speaker 1: saying we got it wrong and we need to allow

260
00:14:09,240 --> 00:14:11,960
Speaker 1: our players to express themselves. It feels important to me.

261
00:14:12,920 --> 00:14:14,760
Speaker 1: It does, and but what would be important to me

262
00:14:14,880 --> 00:14:17,280
Speaker 1: is to hear more NASCAR drivers come out in support

263
00:14:17,320 --> 00:14:20,280
Speaker 1: of banning the Confederate flag. I haven't heard anybody. Bubba

264
00:14:20,320 --> 00:14:22,080
Speaker 1: Wallace is the only one who said it was great

265
00:14:22,280 --> 00:14:25,120
Speaker 1: Martin Truex I think won the race last night, and

266
00:14:25,240 --> 00:14:28,360
Speaker 1: you know there's a there's a perfect opportunity right there. Hey,

267
00:14:28,480 --> 00:14:31,640
Speaker 1: hats off. I applaud NASCAR for banning the Confederate flag

268
00:14:31,680 --> 00:14:35,120
Speaker 1: and and and ironically fans are going to be allowed.

269
00:14:35,400 --> 00:14:37,600
Speaker 1: This was Sunday's race at Homestead and they're gonna be

270
00:14:37,600 --> 00:14:40,600
Speaker 1: allowed to Talladega a week from Sunday on Father's Day.

271
00:14:40,640 --> 00:14:42,120
Speaker 1: So this is going to be a big test and

272
00:14:42,160 --> 00:14:44,840
Speaker 1: it could be a confrontation at a moment. I don't know. Yeah,

273
00:14:44,960 --> 00:14:47,400
Speaker 1: we'll see. Well, I'm really excited because johnnyus now from

274
00:14:47,400 --> 00:14:53,200
Speaker 1: Blueberg headquarters. Eric Shatzker a longtime friend of mine, colleague, collaborator, partner,

275
00:14:53,880 --> 00:14:55,720
Speaker 1: so many things. Eric, We've known each other for a

276
00:14:55,760 --> 00:14:59,400
Speaker 1: long time and we have a deep shared interest in

277
00:14:59,600 --> 00:15:03,360
Speaker 1: all ing's Wall Street. This intersection of Wall Street and

278
00:15:03,520 --> 00:15:06,880
Speaker 1: sports is one of the most fascinating out there. You

279
00:15:07,000 --> 00:15:10,600
Speaker 1: as part of our front Rows series where things show

280
00:15:10,680 --> 00:15:13,040
Speaker 1: up on the Bloomberg terminal first, so and Ie plug

281
00:15:13,120 --> 00:15:16,560
Speaker 1: for that, Uh, you caught up with Josh Harris, who

282
00:15:16,720 --> 00:15:19,520
Speaker 1: people in the investment world know very well, but people

283
00:15:19,560 --> 00:15:22,640
Speaker 1: in the sports world increasingly paying attention to him because

284
00:15:23,000 --> 00:15:25,240
Speaker 1: he and his partner David Blitzer, and a few others.

285
00:15:25,600 --> 00:15:28,040
Speaker 1: They owned the New Jersey Devils. They are the own

286
00:15:28,080 --> 00:15:31,960
Speaker 1: the Philadelphia seventies sixers. They own a piece of a

287
00:15:32,000 --> 00:15:38,080
Speaker 1: big franchise over in the Premiership, and maybe most timely

288
00:15:38,120 --> 00:15:40,880
Speaker 1: of all, they've at least been rumored to be looking

289
00:15:40,960 --> 00:15:43,480
Speaker 1: at the New York Mets. Let's start there. What did

290
00:15:43,480 --> 00:15:46,080
Speaker 1: he have to say about that, Jason, I know how

291
00:15:46,160 --> 00:15:48,360
Speaker 1: badly you and Mike want to know what the Josh

292
00:15:48,360 --> 00:15:51,080
Speaker 1: Harris and David Blitzer and their partners are buying the Mets,

293
00:15:51,120 --> 00:15:54,840
Speaker 1: and I'm going to disappoint you. I asked him the question,

294
00:15:56,440 --> 00:15:58,560
Speaker 1: and here's what he said. I'm going to quote him directly.

295
00:15:59,240 --> 00:16:02,000
Speaker 1: We never really a comment on things that we're looking at.

296
00:16:02,240 --> 00:16:06,280
Speaker 1: You've heard that line before. It is appropriate cover for

297
00:16:06,320 --> 00:16:09,120
Speaker 1: people who want to do deals, because the last thing

298
00:16:10,280 --> 00:16:12,560
Speaker 1: a person in his position wants to do is tip

299
00:16:12,640 --> 00:16:15,280
Speaker 1: his hat. If he's looking at the Mets, there's a

300
00:16:15,320 --> 00:16:19,040
Speaker 1: negotiation involved with the Wilpons, there may be other bidders

301
00:16:19,480 --> 00:16:22,480
Speaker 1: lurking in the background. He wants to be as coy

302
00:16:22,560 --> 00:16:26,840
Speaker 1: as possible. Um And, of course, being a co founder

303
00:16:26,880 --> 00:16:32,240
Speaker 1: of Apollo and formally working years ago at Drexel Burnham Lambert. Uh.

304
00:16:32,280 --> 00:16:35,480
Speaker 1: You know, these these kinds of postures, if you will,

305
00:16:35,520 --> 00:16:37,920
Speaker 1: are very familiar to him. So when he says, we

306
00:16:38,000 --> 00:16:39,760
Speaker 1: never talked about things that we may or may not

307
00:16:39,880 --> 00:16:43,920
Speaker 1: be looking at, he is wrapping himself in the same

308
00:16:43,960 --> 00:16:47,680
Speaker 1: cover that most dealmakers wrap themselves in, which is not

309
00:16:47,720 --> 00:16:51,240
Speaker 1: tipping their hat either way. But I know how badly

310
00:16:51,360 --> 00:16:53,960
Speaker 1: so many met fans would like to see him and Josh,

311
00:16:54,160 --> 00:16:56,520
Speaker 1: him and David Blitzer come in because look at what

312
00:16:56,560 --> 00:16:59,440
Speaker 1: they've done with the seventies sixers. They took a basket

313
00:16:59,520 --> 00:17:03,200
Speaker 1: case of a franchise and with a very Wall Street

314
00:17:03,400 --> 00:17:10,800
Speaker 1: like strategy, long term financially savvy strategy, built a contender,

315
00:17:11,480 --> 00:17:16,359
Speaker 1: And who wouldn't like to see the mats at least contend? Right? Trust?

316
00:17:16,480 --> 00:17:18,800
Speaker 1: Trust or process? That was the phrase, wasn't it down

317
00:17:18,840 --> 00:17:23,320
Speaker 1: in Philadelphia? That's right? Trust the process. Now, of course,

318
00:17:23,359 --> 00:17:26,160
Speaker 1: the NBA, you know, like every other pro sports league

319
00:17:26,160 --> 00:17:28,040
Speaker 1: on a planet, is in a bit of a hiatus now,

320
00:17:28,080 --> 00:17:30,320
Speaker 1: so we have yet to see coming out of the pandemic,

321
00:17:30,840 --> 00:17:33,000
Speaker 1: what happens to that strategy. You bet, up until now,

322
00:17:33,040 --> 00:17:35,800
Speaker 1: I don't think anybody would say that it hasn't shown

323
00:17:36,240 --> 00:17:39,760
Speaker 1: much success. So we'll move on to the NBA in

324
00:17:39,760 --> 00:17:43,000
Speaker 1: a second. But I have to say you must have

325
00:17:43,040 --> 00:17:45,080
Speaker 1: had the same thought as I did, which is, if

326
00:17:45,119 --> 00:17:49,880
Speaker 1: we have a Josh Harris slash David Blitzer versus Stevie

327
00:17:49,880 --> 00:17:54,040
Speaker 1: Cohen showdown. Stevie Cohen, of course legendary notorious in some

328
00:17:54,160 --> 00:17:57,639
Speaker 1: circles hedge fund manager, who has also expressed interest in

329
00:17:57,720 --> 00:18:00,920
Speaker 1: the Mats, in buying all of the Mats, I mean

330
00:18:01,680 --> 00:18:04,359
Speaker 1: they would They wouldn't be able to not do an

331
00:18:04,400 --> 00:18:07,439
Speaker 1: episode of Billions about that, right, wouldn't Wouldn't that be something?

332
00:18:07,440 --> 00:18:09,960
Speaker 1: Wouldn't that be something? The big question I guess would

333
00:18:10,040 --> 00:18:15,240
Speaker 1: have to be for probably the league. They look at

334
00:18:15,600 --> 00:18:18,920
Speaker 1: Steve Cohen, who certainly has many billions of his own,

335
00:18:19,680 --> 00:18:24,320
Speaker 1: and being a New Yorker, would probably feel just as

336
00:18:24,400 --> 00:18:28,320
Speaker 1: much interest in commitment, interest in commitment to passion for

337
00:18:28,359 --> 00:18:32,479
Speaker 1: the game and the team, as as as Josh Harrison

338
00:18:32,520 --> 00:18:36,479
Speaker 1: David Blitzer. But Josh Harrison David Blitzer have demonstrated um

339
00:18:36,520 --> 00:18:42,080
Speaker 1: acumens skill experience as owners. I'd have to believe that

340
00:18:42,080 --> 00:18:44,600
Speaker 1: that would count for a lot with the league. Eric

341
00:18:44,640 --> 00:18:47,240
Speaker 1: Steve Cohen had a deal in principle to buy the

342
00:18:47,280 --> 00:18:50,280
Speaker 1: Mets from the Wilpons. However, there was a little clause

343
00:18:50,280 --> 00:18:52,159
Speaker 1: in there that he would not get control of the

344
00:18:52,200 --> 00:18:55,520
Speaker 1: team for a certain period of time. Do the Wilpons

345
00:18:55,600 --> 00:18:59,280
Speaker 1: still want to own of the team to anybody they

346
00:18:59,280 --> 00:19:01,760
Speaker 1: sell it to? Right? That seemed to be one of

347
00:19:01,760 --> 00:19:04,000
Speaker 1: the sticking points, or at least one of the conditions

348
00:19:04,040 --> 00:19:07,240
Speaker 1: that was set forth in the discussions with Steve Cohen.

349
00:19:07,920 --> 00:19:10,480
Speaker 1: It remains to me, for what it's worth, guys, totally

350
00:19:10,520 --> 00:19:13,639
Speaker 1: unclear whether the Wilpons want to do that and whether

351
00:19:13,680 --> 00:19:18,120
Speaker 1: they want that five year sunset um. And I, honestly,

352
00:19:18,320 --> 00:19:20,639
Speaker 1: because Josh is being so corey about this, have no

353
00:19:20,720 --> 00:19:23,720
Speaker 1: idea how he feels about it either. Alright, so let's

354
00:19:23,720 --> 00:19:26,520
Speaker 1: talk a little bit about other sports related topics, because,

355
00:19:26,760 --> 00:19:29,840
Speaker 1: as you say, he's got an NHL franchise, he's got

356
00:19:29,880 --> 00:19:33,560
Speaker 1: an NBA franchise. Both those leagues have gotten back to

357
00:19:33,560 --> 00:19:36,280
Speaker 1: work he or are getting back to work. I should say,

358
00:19:36,760 --> 00:19:39,159
Speaker 1: he's got a window into that. He's also got a

359
00:19:39,200 --> 00:19:43,480
Speaker 1: window into a league, especially in the NBA, that has

360
00:19:43,680 --> 00:19:47,680
Speaker 1: embraced more than any this era of empowerment. What did

361
00:19:47,760 --> 00:19:51,520
Speaker 1: he have to say about owning and managing a franchise

362
00:19:51,760 --> 00:19:54,280
Speaker 1: in this era that we've been talking so much about

363
00:19:54,320 --> 00:19:58,439
Speaker 1: and this unprecedented time. Well, let's divide them, divide that

364
00:19:58,560 --> 00:20:01,520
Speaker 1: question if we can j them to two answers. One

365
00:20:01,600 --> 00:20:06,080
Speaker 1: concerns the economics of pro sports at it at it,

366
00:20:06,240 --> 00:20:09,439
Speaker 1: you know, in the pandemic era. And the other concerns

367
00:20:10,040 --> 00:20:14,720
Speaker 1: UM how to manage and guide as pro sports franchise

368
00:20:15,640 --> 00:20:20,359
Speaker 1: uh in what is clearly becoming an era of UM.

369
00:20:20,400 --> 00:20:24,920
Speaker 1: I would hope UM progress uh in in race relations

370
00:20:24,960 --> 00:20:27,879
Speaker 1: in America. So let me answer the economic question first,

371
00:20:27,920 --> 00:20:32,400
Speaker 1: so long as neither Josh Harris, nor David Blitzer, nor

372
00:20:32,480 --> 00:20:35,240
Speaker 1: any other owner in any other league can either pack

373
00:20:35,320 --> 00:20:39,280
Speaker 1: a stadium right or fill an arena. As Josh himself said,

374
00:20:39,280 --> 00:20:44,280
Speaker 1: the economics of pro sports are brutal, brutal, right. This

375
00:20:44,359 --> 00:20:46,639
Speaker 1: is just like so many other businesses. This is a

376
00:20:46,680 --> 00:20:51,200
Speaker 1: business that relies on capacity, the degree to which you can't,

377
00:20:51,560 --> 00:20:54,560
Speaker 1: you know, as an airline, right, fill the seats in

378
00:20:54,600 --> 00:20:57,119
Speaker 1: a plain same goes for filling filling the seats in

379
00:20:57,119 --> 00:21:01,160
Speaker 1: an arena or a stadium. And they're eager to get

380
00:21:01,160 --> 00:21:03,440
Speaker 1: back to work because without getting back to work, now

381
00:21:03,480 --> 00:21:06,640
Speaker 1: there's no way that they will be able to get

382
00:21:06,640 --> 00:21:10,160
Speaker 1: back to normal. Um. But between now and then, yes,

383
00:21:10,280 --> 00:21:13,760
Speaker 1: it's brutal. Josh seems very confident that over the longer

384
00:21:13,880 --> 00:21:18,800
Speaker 1: term valuations of sports franchises are going to remain intact

385
00:21:18,960 --> 00:21:22,080
Speaker 1: or recover perhaps from a depressed level where they might

386
00:21:22,119 --> 00:21:25,480
Speaker 1: be today if if anything were to trade. Um, and

387
00:21:25,560 --> 00:21:29,680
Speaker 1: that the league will return leagues. Excuse me because we're

388
00:21:29,680 --> 00:21:31,639
Speaker 1: talking about the NHL and the NBA here, and of

389
00:21:31,640 --> 00:21:34,280
Speaker 1: course you know in the background is the Premiership, the

390
00:21:34,320 --> 00:21:38,440
Speaker 1: football league in in Britain. Um. You know, he's confident

391
00:21:38,480 --> 00:21:40,520
Speaker 1: that things will go back to normal, but he's also

392
00:21:40,680 --> 00:21:43,480
Speaker 1: very realistic about how long it's going to take. Human

393
00:21:43,520 --> 00:21:47,080
Speaker 1: behavior has changed. People are fearful, they're going to be

394
00:21:47,160 --> 00:21:49,680
Speaker 1: careful about where they go and what they do with

395
00:21:49,800 --> 00:21:54,880
Speaker 1: their personal time and more importantly personal space. And uh,

396
00:21:55,080 --> 00:21:57,480
Speaker 1: it's it's a good thing for the Sixers and a

397
00:21:57,520 --> 00:22:00,159
Speaker 1: good thing for the devils that he and David lets

398
00:22:00,200 --> 00:22:03,719
Speaker 1: or have pretty deep pockets because the economics are going

399
00:22:03,760 --> 00:22:07,440
Speaker 1: to be brutal for some time. Yeah, absolutely, Eric. Obviously,

400
00:22:07,520 --> 00:22:11,879
Speaker 1: social injustice is a very topical subject that's being discussed

401
00:22:12,000 --> 00:22:14,919
Speaker 1: almost daily around the planet. Right now, What did he

402
00:22:14,960 --> 00:22:20,000
Speaker 1: have to say about player empowerment. He said, I need

403
00:22:20,000 --> 00:22:25,840
Speaker 1: to go one hundred percent to support player empowerment, And

404
00:22:26,000 --> 00:22:28,439
Speaker 1: you're absolutely right. The n b a of all the

405
00:22:28,480 --> 00:22:31,560
Speaker 1: pro sports leagues in this country, has been further ahead

406
00:22:31,600 --> 00:22:36,080
Speaker 1: on that subject than others. Um But I asked, you know, Josh,

407
00:22:36,119 --> 00:22:42,680
Speaker 1: what does mean. It means encouraging your players to express

408
00:22:42,760 --> 00:22:47,360
Speaker 1: themselves freely and be willing to speak out if they

409
00:22:47,400 --> 00:22:51,000
Speaker 1: feel comfortable in whatever way they believe helps make the

410
00:22:51,040 --> 00:22:54,200
Speaker 1: world a better place. And to afford them the platforms

411
00:22:54,320 --> 00:22:56,800
Speaker 1: and the leadership and talk to them about the issues,

412
00:22:56,840 --> 00:22:59,280
Speaker 1: but encourage them to speak out freely. And the truth

413
00:22:59,280 --> 00:23:01,480
Speaker 1: of the matter is the NBA is a player's league.

414
00:23:01,640 --> 00:23:04,200
Speaker 1: We get it. Many of the players on our team

415
00:23:04,400 --> 00:23:07,080
Speaker 1: they can play wherever they want, and so we need

416
00:23:07,119 --> 00:23:09,640
Speaker 1: to be an attractive home for them and make them

417
00:23:09,640 --> 00:23:12,159
Speaker 1: feel comfortable that we are on the same page, that

418
00:23:12,200 --> 00:23:15,040
Speaker 1: we're listening to them. I can never walk in their shoes.

419
00:23:15,320 --> 00:23:18,399
Speaker 1: We come from different backgrounds, but we have to embrace diversity.

420
00:23:18,480 --> 00:23:21,480
Speaker 1: What he's talking about is giving them a rule to

421
00:23:21,760 --> 00:23:27,719
Speaker 1: lead the country forward on these issues. And you know,

422
00:23:27,800 --> 00:23:30,400
Speaker 1: Josh Harris is saying, I'm on what he would call

423
00:23:30,480 --> 00:23:32,720
Speaker 1: the right side of that debate. I want my players

424
00:23:32,720 --> 00:23:35,560
Speaker 1: to speak freely. I want them to have a platform.

425
00:23:35,640 --> 00:23:40,400
Speaker 1: And importantly he said, I'm going to follow their lead. Yeah. Interesting,

426
00:23:40,560 --> 00:23:43,879
Speaker 1: very interesting. Well it's a great interview. Check it out

427
00:23:44,040 --> 00:23:47,760
Speaker 1: on YouTube by the Bloomberg Terminal, uh, everywhere you consume

428
00:23:47,800 --> 00:23:51,119
Speaker 1: Bloomberg content. Eric Schatzker, thank you and thank you for

429
00:23:51,440 --> 00:23:53,520
Speaker 1: digging in with Josh Harris to all those sports issues,

430
00:23:53,600 --> 00:23:58,240
Speaker 1: because I'm fascinated obviously by him as a private equity investor,

431
00:23:58,359 --> 00:24:01,600
Speaker 1: but his imprint, the imprint that he and David Blitzer

432
00:24:01,680 --> 00:24:06,520
Speaker 1: have made on several notable sports franchises, is massive, and

433
00:24:06,800 --> 00:24:10,240
Speaker 1: who knows, they could be coming to the Artists formerly

434
00:24:10,280 --> 00:24:12,760
Speaker 1: known as Shay Stadium before too long. I'm Jason Kelly

435
00:24:12,800 --> 00:24:15,680
Speaker 1: along with Mike Lynch, and today we're speaking with PGA

436
00:24:15,720 --> 00:24:19,240
Speaker 1: Tour Commissioner Jamnahan the p g A It is back.

437
00:24:19,320 --> 00:24:21,600
Speaker 1: You know, I was thinking, Jay, as I was prepping

438
00:24:21,680 --> 00:24:24,560
Speaker 1: for this, this is a big moment, I dare I

439
00:24:24,640 --> 00:24:27,680
Speaker 1: say for the sports world. Almost feels like a big

440
00:24:27,680 --> 00:24:31,800
Speaker 1: moment for America. Some sense of normalcy happening this week.

441
00:24:32,160 --> 00:24:34,400
Speaker 1: First of all, how are you, how have you sort

442
00:24:34,440 --> 00:24:36,400
Speaker 1: of been doing through all of this. First of all,

443
00:24:36,480 --> 00:24:39,119
Speaker 1: it's it's it's great to be with you, Jason, and

444
00:24:39,160 --> 00:24:42,600
Speaker 1: you Mike, and uh, I think I'm like everybody else

445
00:24:42,680 --> 00:24:46,439
Speaker 1: that this is certainly different and it's posed uh, you

446
00:24:46,480 --> 00:24:49,600
Speaker 1: know some the pandemic has posed some real challenges for

447
00:24:49,640 --> 00:24:52,919
Speaker 1: all of us and for for all businesses, and for us.

448
00:24:52,960 --> 00:24:55,840
Speaker 1: We stepped offline on March twelveth in the middle of

449
00:24:55,880 --> 00:24:59,760
Speaker 1: our flagship events, the Players Championship, and when we did so,

450
00:25:00,560 --> 00:25:03,560
Speaker 1: at that point it was hard to predict when we

451
00:25:03,600 --> 00:25:06,920
Speaker 1: would return. And at the outset, as we all tried

452
00:25:06,920 --> 00:25:10,480
Speaker 1: to understand what the coronavirus would mean for our business

453
00:25:10,520 --> 00:25:13,600
Speaker 1: and for our return, it was we were again we

454
00:25:13,600 --> 00:25:15,800
Speaker 1: weren't sure when it would be. So to be here

455
00:25:15,920 --> 00:25:19,720
Speaker 1: the week of June eighth, to be returning with sixteen

456
00:25:19,800 --> 00:25:22,119
Speaker 1: the top twenty players in the world, top five in

457
00:25:22,160 --> 00:25:26,080
Speaker 1: the world, a past winners, Um, I feel I feel

458
00:25:26,080 --> 00:25:29,880
Speaker 1: really proud. I feel really proud, I feel really confident,

459
00:25:30,040 --> 00:25:33,600
Speaker 1: And um, this has been a challenge that you know,

460
00:25:33,760 --> 00:25:36,800
Speaker 1: has been significant. But I feel like as a team

461
00:25:36,840 --> 00:25:39,160
Speaker 1: and as a sport and with the involvement of our players,

462
00:25:39,160 --> 00:25:42,600
Speaker 1: were we're ready to come back and provide some inspiration

463
00:25:43,200 --> 00:25:45,000
Speaker 1: and to get back to the great work we do

464
00:25:45,080 --> 00:25:47,040
Speaker 1: in all the communities where we play, and do it

465
00:25:47,040 --> 00:25:51,240
Speaker 1: in a safe, responsible and thoughtful manner. Jay, take me

466
00:25:51,280 --> 00:25:53,640
Speaker 1: through the logistics. We all know what the rules are

467
00:25:53,640 --> 00:25:55,919
Speaker 1: in public courses. You can't touch the flag, there's no

468
00:25:56,040 --> 00:25:58,520
Speaker 1: rakes in the trap, You've got to keep a social distance.

469
00:25:59,560 --> 00:26:02,200
Speaker 1: What at the caddies and players have to keep a distance?

470
00:26:02,240 --> 00:26:05,560
Speaker 1: Who touches the clubs? They have to wear gloves, etcetera, etcetera.

471
00:26:05,600 --> 00:26:07,400
Speaker 1: What what? What? What are going to be the logistics

472
00:26:07,400 --> 00:26:11,640
Speaker 1: of the fans are going to see? Well, it's um

473
00:26:12,280 --> 00:26:17,359
Speaker 1: our team actually, for I would say several weeks went

474
00:26:17,440 --> 00:26:22,080
Speaker 1: back and really try to identify all the movements of

475
00:26:22,119 --> 00:26:26,080
Speaker 1: a player, a caddy, and the constituents that will be

476
00:26:26,119 --> 00:26:28,679
Speaker 1: on site at our tournaments. And keep in mind we

477
00:26:28,720 --> 00:26:31,680
Speaker 1: have kept our bubble very small. There will be no spectators,

478
00:26:31,680 --> 00:26:34,880
Speaker 1: and we've tried to go with the minimalist approach, particularly

479
00:26:34,920 --> 00:26:37,800
Speaker 1: here for the first four weeks. So you know, really,

480
00:26:38,240 --> 00:26:42,200
Speaker 1: our sport lends itself very naturally to social distancing. That's

481
00:26:42,240 --> 00:26:45,040
Speaker 1: why most golf courses have been opened through this pandemic,

482
00:26:45,800 --> 00:26:49,600
Speaker 1: and so looking at the interactions between players and caddies.

483
00:26:49,800 --> 00:26:52,960
Speaker 1: You just pointed too of them. You know that exchange

484
00:26:52,960 --> 00:26:55,600
Speaker 1: of clubs. I think you're gonna see players grabbing clubs

485
00:26:55,600 --> 00:26:58,639
Speaker 1: and returning clubs more so than you would have in

486
00:26:58,680 --> 00:27:03,880
Speaker 1: the past. They'll also see clubs and flagsticks being sanitized

487
00:27:04,200 --> 00:27:07,879
Speaker 1: once the hole is completed. Uh, there will be sanitization

488
00:27:07,920 --> 00:27:12,920
Speaker 1: products on every hole. And we have shared with our

489
00:27:12,920 --> 00:27:16,200
Speaker 1: players and our caddies, you know, a Return to Golf

490
00:27:16,200 --> 00:27:19,800
Speaker 1: playbook that really identifies all the ways that we can

491
00:27:19,840 --> 00:27:22,959
Speaker 1: mitigate the risk of the virus. So, but we go

492
00:27:23,000 --> 00:27:25,840
Speaker 1: into it with all that effort, Mike, you know, you

493
00:27:25,920 --> 00:27:28,199
Speaker 1: try and identify everything. But I think we all have

494
00:27:28,280 --> 00:27:30,320
Speaker 1: to be open to the fact that we got to

495
00:27:30,359 --> 00:27:32,919
Speaker 1: watch what happens. We gotta listen to our players and

496
00:27:32,960 --> 00:27:35,840
Speaker 1: caddies and and fans, and we'll just keep getting better

497
00:27:35,880 --> 00:27:38,760
Speaker 1: as we go forward here. But we've tried to start

498
00:27:38,800 --> 00:27:42,600
Speaker 1: with that with being aggressive on all fronts. And Jay,

499
00:27:42,680 --> 00:27:45,080
Speaker 1: speaking of listening to players and caddies, tell us a

500
00:27:45,080 --> 00:27:47,960
Speaker 1: little bit about these conversations that you've had sort of

501
00:27:48,200 --> 00:27:51,480
Speaker 1: in the interim. What are they most worried about, both

502
00:27:51,480 --> 00:27:54,280
Speaker 1: the players and the caddies. I mean, they are the stars.

503
00:27:54,280 --> 00:27:57,520
Speaker 1: They are the constituents for you and obviously the folks

504
00:27:57,520 --> 00:28:02,119
Speaker 1: that we're all looking toward. It was the dialogue like

505
00:28:02,320 --> 00:28:04,480
Speaker 1: along the way because and I'm thinking of this in

506
00:28:04,520 --> 00:28:07,440
Speaker 1: the context of other professional sports where some have done

507
00:28:07,760 --> 00:28:10,399
Speaker 1: really well and some have maybe done not so well,

508
00:28:10,440 --> 00:28:14,120
Speaker 1: and when it comes to you know that dialogue. Yeah,

509
00:28:14,160 --> 00:28:17,560
Speaker 1: So we are just provide a little bit of context

510
00:28:17,600 --> 00:28:21,959
Speaker 1: to our governance. We're the Tour is a membership organization.

511
00:28:22,080 --> 00:28:27,000
Speaker 1: We're governed by five independent directors and four player directors

512
00:28:27,000 --> 00:28:32,440
Speaker 1: are Player directors are Johnson Wagner, James Han, Kevin Kissner,

513
00:28:32,520 --> 00:28:35,639
Speaker 1: and Jordan's Speace. And then we have a player Advisory

514
00:28:35,720 --> 00:28:39,080
Speaker 1: Council of sixteen players which is chaired by Charlie Hoffman,

515
00:28:40,000 --> 00:28:43,240
Speaker 1: that is representative of our entire membership. And so when

516
00:28:43,280 --> 00:28:47,480
Speaker 1: we walked away on May twelve, sorry in March twelve.

517
00:28:47,680 --> 00:28:51,480
Speaker 1: We we had our first policy board meeting on March nineteen,

518
00:28:51,880 --> 00:28:56,040
Speaker 1: and between March nineteenth and today, we've had nine policy

519
00:28:56,080 --> 00:28:59,360
Speaker 1: board meetings, four Player Advisory Council meetings. A long way

520
00:28:59,400 --> 00:29:03,800
Speaker 1: of saying at whether it was our overall schedule and

521
00:29:03,880 --> 00:29:06,840
Speaker 1: how our events would flow from June eight to the

522
00:29:06,920 --> 00:29:11,920
Speaker 1: end of the year to how this thirteen week absence

523
00:29:11,960 --> 00:29:15,320
Speaker 1: would affect or thirteen tournament absence would affect eligibility on

524
00:29:15,360 --> 00:29:18,440
Speaker 1: the PGA Tour and Corn Ferry Tour. To our actual

525
00:29:19,120 --> 00:29:23,840
Speaker 1: testing and safety programs, are players were very involved throughout

526
00:29:23,880 --> 00:29:26,960
Speaker 1: the process. So you know, as you as you look back,

527
00:29:27,040 --> 00:29:29,760
Speaker 1: we we we came forward in the in each of

528
00:29:29,760 --> 00:29:32,959
Speaker 1: those three areas at separate points in time as we

529
00:29:32,960 --> 00:29:35,960
Speaker 1: were building towards our return, and I think our players

530
00:29:35,960 --> 00:29:40,160
Speaker 1: are probably reflect the way that that we all feel.

531
00:29:40,640 --> 00:29:44,240
Speaker 1: I'm they're excited to get back. They I think are

532
00:29:44,320 --> 00:29:46,280
Speaker 1: proud of the fact and comfortable with the fact that

533
00:29:46,360 --> 00:29:51,040
Speaker 1: we have been extremely thoughtful uh and have prioritized health

534
00:29:51,080 --> 00:29:54,640
Speaker 1: and safety. And at the same time, they're looking at

535
00:29:54,640 --> 00:29:57,520
Speaker 1: this as a point in time for not only themselves

536
00:29:57,560 --> 00:30:00,160
Speaker 1: in the PGA Tour, but for our game. For the

537
00:30:00,200 --> 00:30:02,600
Speaker 1: reasons I mentioned before, I think this is an opportunity

538
00:30:02,640 --> 00:30:05,360
Speaker 1: for people to see that, you know, golf is a

539
00:30:05,640 --> 00:30:08,560
Speaker 1: uniquely safe sport as it relates to social distancing and

540
00:30:09,200 --> 00:30:10,920
Speaker 1: you know, with some of the other challenges we have

541
00:30:11,080 --> 00:30:13,720
Speaker 1: with resuming normal activities, this is a sport that has

542
00:30:14,200 --> 00:30:16,560
Speaker 1: you know, has been played for the most part throughout

543
00:30:16,560 --> 00:30:19,320
Speaker 1: the pandemic, so hopefully use this time to bring more

544
00:30:19,320 --> 00:30:22,880
Speaker 1: people into our sport and inspire people. Obviously, the pandemic

545
00:30:23,000 --> 00:30:27,480
Speaker 1: has been something that dramatically affected all of us. The

546
00:30:27,560 --> 00:30:30,120
Speaker 1: last two weeks though, we've heard from a lot of

547
00:30:30,160 --> 00:30:34,280
Speaker 1: athletes amid civil unrest and amid a lot of focus

548
00:30:34,680 --> 00:30:38,080
Speaker 1: on you know, what important people around the world are thinking,

549
00:30:38,240 --> 00:30:41,800
Speaker 1: especially athletes. Talk to us a little bit about any

550
00:30:41,840 --> 00:30:46,040
Speaker 1: conversations you you've had with players. Again, your governance structure

551
00:30:46,080 --> 00:30:48,400
Speaker 1: is a little bit different maybe from other sports, but

552
00:30:48,400 --> 00:30:50,800
Speaker 1: but I do wonder what you say to them and

553
00:30:50,840 --> 00:30:55,520
Speaker 1: what they say to you in terms of speaking out publicly. Yeah,

554
00:30:55,600 --> 00:31:00,000
Speaker 1: we will, um listen. I think, like so many people,

555
00:31:00,120 --> 00:31:02,240
Speaker 1: I look back to, you know, to ten days ago

556
00:31:02,760 --> 00:31:06,440
Speaker 1: and in and through the weekend prior, and for me

557
00:31:06,520 --> 00:31:11,320
Speaker 1: as a as a person, as a dad um and

558
00:31:11,440 --> 00:31:14,640
Speaker 1: ultimately as a leader of this organization, you know, I

559
00:31:14,720 --> 00:31:17,680
Speaker 1: was saddened and I was having a very difficult time

560
00:31:18,400 --> 00:31:21,520
Speaker 1: comprehending what I was seeing and what I was hearing.

561
00:31:22,400 --> 00:31:24,920
Speaker 1: And so one of the things that that I did

562
00:31:25,200 --> 00:31:29,160
Speaker 1: was I can't I wrote to our employees and I

563
00:31:29,200 --> 00:31:32,040
Speaker 1: wrote to our players, and when I said, you know,

564
00:31:32,040 --> 00:31:34,000
Speaker 1: one of the challenges I was having. You know, the

565
00:31:34,080 --> 00:31:36,880
Speaker 1: root of it for me is you know that expression,

566
00:31:36,880 --> 00:31:38,640
Speaker 1: if you're not part of the solution, you're part of

567
00:31:38,640 --> 00:31:42,360
Speaker 1: the problem. And I'm an action oriented person, you know,

568
00:31:42,400 --> 00:31:44,160
Speaker 1: I want to move to make a difference. And I

569
00:31:44,200 --> 00:31:47,560
Speaker 1: wasn't certain what the solution was. But as I said

570
00:31:47,640 --> 00:31:49,960
Speaker 1: to our players, and I said to our employees, and

571
00:31:49,960 --> 00:31:53,200
Speaker 1: I said to everybody that that we work with, you know,

572
00:31:53,240 --> 00:31:56,840
Speaker 1: we're determined to listen, to be thoughtful, to ask a

573
00:31:56,840 --> 00:31:59,200
Speaker 1: lot of questions, to open up the dialogue, and to

574
00:31:59,280 --> 00:32:01,720
Speaker 1: be a part of the solution. That's what we're gonna

575
00:32:01,720 --> 00:32:03,480
Speaker 1: do as a tour, and that's what I think we're

576
00:32:03,480 --> 00:32:06,000
Speaker 1: gonna do as a game. As I talked to other

577
00:32:06,120 --> 00:32:09,719
Speaker 1: leaders across our sport, as hard as this this period

578
00:32:09,760 --> 00:32:13,160
Speaker 1: of time is, and as hard as this is to um,

579
00:32:13,200 --> 00:32:18,040
Speaker 1: you know, to to imagine, um, I imagine us using again,

580
00:32:18,200 --> 00:32:20,320
Speaker 1: using this point in time to to really make a

581
00:32:20,360 --> 00:32:24,040
Speaker 1: difference as it relates to using our game in that regard.

582
00:32:25,320 --> 00:32:29,840
Speaker 1: But be up beyond sorry, go ahead, go ahead. No,

583
00:32:30,000 --> 00:32:33,400
Speaker 1: I was just gonna say, And I had a you know,

584
00:32:33,600 --> 00:32:37,960
Speaker 1: interesting way. We were due to release our I was

585
00:32:38,040 --> 00:32:42,040
Speaker 1: due to speak to the membership via video last week

586
00:32:42,120 --> 00:32:44,680
Speaker 1: and we had arranged to have Harold Varner, who's on

587
00:32:44,680 --> 00:32:47,880
Speaker 1: our Player Advisory Council, as I mentioned earlier, was a

588
00:32:47,920 --> 00:32:49,960
Speaker 1: big part of our return to golf. We were going

589
00:32:50,000 --> 00:32:52,880
Speaker 1: to talk about our return to golf, and then, um,

590
00:32:53,440 --> 00:32:57,520
Speaker 1: you had the situation, horrible situation with George Floyd a

591
00:32:57,640 --> 00:33:01,960
Speaker 1: rise and you know, you know, obviously that was something

592
00:33:02,000 --> 00:33:05,560
Speaker 1: that he and I talked about and needed to address.

593
00:33:05,640 --> 00:33:08,840
Speaker 1: And I think it's really important for our players across

594
00:33:08,880 --> 00:33:11,680
Speaker 1: all of our tours to hear from those people that

595
00:33:11,720 --> 00:33:13,320
Speaker 1: are that are affected. And that was a point in

596
00:33:13,360 --> 00:33:16,240
Speaker 1: time where you know, it lent itself and Harold is

597
00:33:16,920 --> 00:33:19,720
Speaker 1: penda letter. He spoke to you, spoke to the membership,

598
00:33:19,920 --> 00:33:23,400
Speaker 1: and you know, we're we're moving forward in a way

599
00:33:23,440 --> 00:33:27,040
Speaker 1: that has us again identifying the ways that we're going

600
00:33:27,080 --> 00:33:31,080
Speaker 1: to be part of solutions. Jay, how would this broadcast

601
00:33:31,120 --> 00:33:33,760
Speaker 1: be different from normal broadcasts? I had read that Jim

602
00:33:33,840 --> 00:33:37,360
Speaker 1: Nance will be the only broadcaster on site, so so

603
00:33:37,560 --> 00:33:39,400
Speaker 1: how does he get you know, you know, okay, we

604
00:33:39,480 --> 00:33:41,920
Speaker 1: got one fifty six to the to the flag. We get,

605
00:33:42,320 --> 00:33:45,320
Speaker 1: but what club selection, what's what's the player hitting? Will

606
00:33:45,360 --> 00:33:48,920
Speaker 1: that information not will be non existent in this broadcast,

607
00:33:49,040 --> 00:33:50,719
Speaker 1: or there'll be someone with a two way getting him

608
00:33:50,760 --> 00:33:53,800
Speaker 1: all that information. You know, Mike, There's been a lot

609
00:33:53,800 --> 00:33:57,240
Speaker 1: of talk about the steps that we've taken to return

610
00:33:57,320 --> 00:33:59,360
Speaker 1: in a safe and responsible way. I gotta tell you

611
00:33:59,440 --> 00:34:03,920
Speaker 1: that Golf Channel CBS have been you know, equally thoughtful

612
00:34:04,200 --> 00:34:07,200
Speaker 1: and you know when you when you step back and

613
00:34:07,240 --> 00:34:10,160
Speaker 1: you look, if you think about what you're going to see. Ultimately,

614
00:34:10,760 --> 00:34:12,960
Speaker 1: the way that we're producing it is, we're producing it

615
00:34:13,000 --> 00:34:17,960
Speaker 1: with a lot less people, and you'll see talent from Orlando.

616
00:34:18,040 --> 00:34:20,560
Speaker 1: You'll see talent and you know, from different parts of

617
00:34:20,600 --> 00:34:24,239
Speaker 1: the country that normally would be on property calling the

618
00:34:24,280 --> 00:34:27,080
Speaker 1: PGA Tour event that will not be doing so, at

619
00:34:27,120 --> 00:34:29,560
Speaker 1: least for the first four weeks. But I think that

620
00:34:29,760 --> 00:34:32,960
Speaker 1: Jim will have access to, you know, all of the

621
00:34:33,040 --> 00:34:36,040
Speaker 1: same information that he would he would normally have, I think,

622
00:34:36,120 --> 00:34:40,560
Speaker 1: coordinating uh and moving the conversation amongst talent. Given the

623
00:34:40,560 --> 00:34:43,120
Speaker 1: fact that they're not together, they're kind of used to

624
00:34:43,160 --> 00:34:46,239
Speaker 1: that because you know, generally speaking, I'll never have more

625
00:34:46,280 --> 00:34:48,160
Speaker 1: than two of them that are together because they're walking

626
00:34:48,200 --> 00:34:51,360
Speaker 1: the golf course or they're different different places on the

627
00:34:51,400 --> 00:34:53,719
Speaker 1: golf course, and and the team is rehearsed and is

628
00:34:53,760 --> 00:34:56,719
Speaker 1: ready to ready to go on that front. And I

629
00:34:56,719 --> 00:35:00,239
Speaker 1: think you'll see that. You know, we're going to We're

630
00:35:00,239 --> 00:35:03,160
Speaker 1: going to try and use this point in time. It's different,

631
00:35:03,200 --> 00:35:06,560
Speaker 1: but it also gives you some opportunities to, you know,

632
00:35:06,640 --> 00:35:09,600
Speaker 1: to innovate with with technology and with how we share

633
00:35:09,640 --> 00:35:13,840
Speaker 1: information and excited for fans to see us come back.

634
00:35:14,239 --> 00:35:15,840
Speaker 1: I'll be in a different manner. I think it's a

635
00:35:15,880 --> 00:35:19,440
Speaker 1: manner that is still going to be quite propelling. And

636
00:35:19,520 --> 00:35:25,080
Speaker 1: so ja what is the realistic timeline and what is

637
00:35:25,120 --> 00:35:29,680
Speaker 1: the realistic scenario under which we're all walking along the

638
00:35:29,719 --> 00:35:33,560
Speaker 1: golf course. You're in our favorite players at this point. Well,

639
00:35:33,640 --> 00:35:40,080
Speaker 1: on on Friday evening, the Governor of Ohio, Governor Dwine

640
00:35:40,120 --> 00:35:47,760
Speaker 1: announced that UH professional sports teams and the Memorial Tournament

641
00:35:47,760 --> 00:35:51,600
Speaker 1: will be able to return fans um and that for

642
00:35:51,760 --> 00:35:54,319
Speaker 1: us is week six. So we'll have up to eight

643
00:35:54,320 --> 00:35:58,920
Speaker 1: thousand fans a day at the Memorial Tournament. And that

644
00:35:58,960 --> 00:36:01,759
Speaker 1: doesn't mean that we'll have fans in each subsequent week.

645
00:36:02,800 --> 00:36:04,680
Speaker 1: You've got to you've got to look at where we

646
00:36:04,719 --> 00:36:07,920
Speaker 1: are market to market, and we've spent a tremendous amount

647
00:36:07,920 --> 00:36:11,359
Speaker 1: of time working with local and state authorities. But it's

648
00:36:11,400 --> 00:36:15,160
Speaker 1: a plan that our partners at the Memorial Tournament, our

649
00:36:15,200 --> 00:36:18,400
Speaker 1: team has spent a lot of time identifying and with

650
00:36:18,520 --> 00:36:21,520
Speaker 1: eight thousand people, that's and we feel like we can

651
00:36:21,719 --> 00:36:24,160
Speaker 1: just like we're returning this week, we can return fans

652
00:36:24,719 --> 00:36:27,399
Speaker 1: and to say the responsible manner and uh. And that's

653
00:36:27,400 --> 00:36:31,760
Speaker 1: our intention and hopefully that leads to momentum um where

654
00:36:32,040 --> 00:36:35,840
Speaker 1: you'll see more tournaments returning fans and you'll see those

655
00:36:36,239 --> 00:36:41,359
Speaker 1: percentages increases as we go forward. You know, you look

656
00:36:41,360 --> 00:36:45,040
Speaker 1: at our sport and you know we're gonna we're played

657
00:36:45,080 --> 00:36:49,040
Speaker 1: over several hundred acres, uh, you know, open air over

658
00:36:49,040 --> 00:36:51,840
Speaker 1: several hundred acres, and there's a way for us to

659
00:36:51,960 --> 00:36:54,640
Speaker 1: keep people in different parts of the golf course and

660
00:36:54,680 --> 00:36:57,800
Speaker 1: socially distant. And that's the basis for the plan itself.

661
00:36:59,400 --> 00:37:03,120
Speaker 1: So there's no corporate tense, there's no fans. There's obviously

662
00:37:03,480 --> 00:37:05,879
Speaker 1: a big hit revenue wise, but the purse is still

663
00:37:05,920 --> 00:37:07,680
Speaker 1: seven and a half million dollars and it looks like

664
00:37:07,680 --> 00:37:10,400
Speaker 1: it's pretty consistent going forward. How are you able to

665
00:37:10,440 --> 00:37:13,120
Speaker 1: get such a you know, a large purse when you've

666
00:37:13,120 --> 00:37:17,000
Speaker 1: taken such a financial hit. I look at it two ways,

667
00:37:17,600 --> 00:37:21,719
Speaker 1: you know, our players, we've eliminated thirty of our tournaments

668
00:37:21,719 --> 00:37:26,160
Speaker 1: this year, and our sport is a meritocracy, so as

669
00:37:26,200 --> 00:37:28,839
Speaker 1: we return, players are guaranteed nothing. They've got to go

670
00:37:28,880 --> 00:37:31,040
Speaker 1: and they've got to earn it. And so I think

671
00:37:31,080 --> 00:37:34,360
Speaker 1: it was important for us, given the significant number of

672
00:37:34,360 --> 00:37:37,640
Speaker 1: events we canceled, to try and keep our purse levels

673
00:37:37,640 --> 00:37:40,600
Speaker 1: and the ft X Cup as we had originally intended.

674
00:37:41,000 --> 00:37:44,000
Speaker 1: But as is always the case, in doing so, we

675
00:37:44,040 --> 00:37:46,080
Speaker 1: want to make sure that you know, we are a

676
00:37:46,120 --> 00:37:49,800
Speaker 1: partner to every community we plan and we're an invited guest.

677
00:37:50,160 --> 00:37:53,399
Speaker 1: And so even though we've been offline, if you look

678
00:37:53,440 --> 00:37:57,800
Speaker 1: at the match, the tailor made driving relief the efforts

679
00:37:57,800 --> 00:38:00,520
Speaker 1: of our athletes, you know, Brooks kept them out right

680
00:38:00,560 --> 00:38:04,080
Speaker 1: away and contributing a hundred thousand dollars to Ryan Palmer,

681
00:38:05,000 --> 00:38:07,680
Speaker 1: over a hundred and fifty thousand dollars to Billy Horse'll

682
00:38:07,719 --> 00:38:11,440
Speaker 1: doing extraordinary work here to our tournaments. The waste Management

683
00:38:11,440 --> 00:38:14,319
Speaker 1: Phoenix open a million dollars to COVID release there a

684
00:38:14,360 --> 00:38:17,320
Speaker 1: Classic a million and a half. You know, we we've

685
00:38:17,400 --> 00:38:20,520
Speaker 1: we generated thirty five million dollars plus for COVID related

686
00:38:20,600 --> 00:38:23,840
Speaker 1: charities and we have plans to you know, to continue

687
00:38:23,880 --> 00:38:25,960
Speaker 1: that through these events and do the great work that

688
00:38:26,040 --> 00:38:29,360
Speaker 1: we do making a big difference. So those two things

689
00:38:29,400 --> 00:38:31,440
Speaker 1: go hand in hand, and we're proud to return in

690
00:38:31,560 --> 00:38:35,480
Speaker 1: that way. You know. It's interesting on that point, j

691
00:38:35,760 --> 00:38:37,879
Speaker 1: And And maybe this sort of stitches back to something

692
00:38:37,920 --> 00:38:39,880
Speaker 1: we were talking about earlier. But you know, I do

693
00:38:40,040 --> 00:38:43,319
Speaker 1: think that you know, you mentioned you and others, and

694
00:38:43,360 --> 00:38:45,080
Speaker 1: I think we all feel this sense of you know,

695
00:38:45,120 --> 00:38:47,600
Speaker 1: we're all action oriented people. That's why you know, we're

696
00:38:47,640 --> 00:38:50,520
Speaker 1: all type A here talking on the radio like this

697
00:38:50,600 --> 00:38:52,960
Speaker 1: is who we are. Um, we want to do something

698
00:38:53,000 --> 00:38:55,680
Speaker 1: in these moments, whether it's related to COVID or whether

699
00:38:55,719 --> 00:38:59,080
Speaker 1: it's related to some of the more recent issues related

700
00:38:59,120 --> 00:39:04,399
Speaker 1: to protests and really changing society. I mean, I do wonder,

701
00:39:04,600 --> 00:39:09,920
Speaker 1: given the charitable nature and the underpinning that golf has had,

702
00:39:10,840 --> 00:39:13,640
Speaker 1: how you think about that going forward and maybe some

703
00:39:13,680 --> 00:39:16,279
Speaker 1: of the discussions that you're having. I mean, is that

704
00:39:16,320 --> 00:39:18,839
Speaker 1: the sort of thing that comes up in a conversation

705
00:39:18,880 --> 00:39:22,680
Speaker 1: with Harold Varner? I mean, are people thinking about going

706
00:39:22,719 --> 00:39:26,840
Speaker 1: forward differently in that regard from the charitable aspect or

707
00:39:27,080 --> 00:39:32,280
Speaker 1: from the volunteer aspect. Every time there's a significant challenge

708
00:39:33,000 --> 00:39:35,719
Speaker 1: in our country or in the world. If you look back,

709
00:39:35,960 --> 00:39:41,040
Speaker 1: the PGA Tour has has stepped right in and done

710
00:39:41,080 --> 00:39:45,239
Speaker 1: everything it can to make a difference through our tournaments

711
00:39:45,239 --> 00:39:48,279
Speaker 1: and through the power of our players. And there is

712
00:39:48,400 --> 00:39:51,879
Speaker 1: no question Jason and Mike that a lot of conversation

713
00:39:51,960 --> 00:39:55,440
Speaker 1: has been had, you know, over the last thirteen weeks

714
00:39:55,880 --> 00:39:59,440
Speaker 1: by you know, certainly within the tour, across the industry,

715
00:39:59,560 --> 00:40:01,160
Speaker 1: and you've seen a lot of the action that I

716
00:40:01,239 --> 00:40:04,239
Speaker 1: just mentioned from our players who have proactively gone out

717
00:40:04,239 --> 00:40:08,040
Speaker 1: and done so. But the reality is that COVID is

718
00:40:08,080 --> 00:40:10,680
Speaker 1: with us for you know, an extended period of time.

719
00:40:10,680 --> 00:40:12,680
Speaker 1: We're not sure how long we're gonna be dealing with this,

720
00:40:12,800 --> 00:40:15,920
Speaker 1: but communities are going to need to have the testing resources,

721
00:40:15,920 --> 00:40:18,839
Speaker 1: We're gonna need to continue to provide support. So you'll

722
00:40:18,840 --> 00:40:22,000
Speaker 1: see us do that with and through our tournaments. Um.

723
00:40:22,320 --> 00:40:25,880
Speaker 1: And you know, I look at you mentioned Harold, Harold's

724
00:40:25,920 --> 00:40:29,960
Speaker 1: got his the HP three foundation, um And when you

725
00:40:30,320 --> 00:40:32,759
Speaker 1: read the letter that he wrote, or you listen to

726
00:40:32,800 --> 00:40:36,440
Speaker 1: our conversation, you know, providing access to the game of

727
00:40:36,560 --> 00:40:39,920
Speaker 1: golf along the lines he was given, as he says,

728
00:40:39,960 --> 00:40:43,319
Speaker 1: just some unbelievable opportunities and he wants to do the

729
00:40:43,360 --> 00:40:46,680
Speaker 1: same for young kids, and I think that you're going

730
00:40:46,760 --> 00:40:49,440
Speaker 1: to see a lot of that from our players. And

731
00:40:49,440 --> 00:40:52,640
Speaker 1: and PGA Tour has supported the first team for over

732
00:40:53,400 --> 00:40:56,440
Speaker 1: twenty years. We've got a hundred and fifty chapters four

733
00:40:56,480 --> 00:41:00,320
Speaker 1: in the US, We're in over five thousand elementary school rules.

734
00:41:00,800 --> 00:41:03,200
Speaker 1: We're teaching kids life skills through the game of golf.

735
00:41:03,880 --> 00:41:06,960
Speaker 1: You can expect to see us as as strong as

736
00:41:07,000 --> 00:41:09,960
Speaker 1: we've been behind the first. Moments like this serve as

737
00:41:10,040 --> 00:41:13,120
Speaker 1: inspiration to do more and more and more. And I

738
00:41:13,120 --> 00:41:15,160
Speaker 1: don't think that's unique to the PGA Tour. I think

739
00:41:15,160 --> 00:41:17,840
Speaker 1: we all find ourselves saying, Okay, if you want to

740
00:41:17,840 --> 00:41:20,319
Speaker 1: be part of the solution, you've got to be doing

741
00:41:20,360 --> 00:41:21,960
Speaker 1: more than what you were doing in the past, and

742
00:41:22,000 --> 00:41:25,359
Speaker 1: you've really got to understand what is happening right now

743
00:41:25,400 --> 00:41:26,880
Speaker 1: and how you can adjust in a way to make

744
00:41:26,920 --> 00:41:31,360
Speaker 1: a difference. Jay Will, There'll be daily tests for the players,

745
00:41:31,640 --> 00:41:34,680
Speaker 1: temperature checks, etcetera, all the other stuff that we've become

746
00:41:34,760 --> 00:41:38,200
Speaker 1: used to. You know, the way it's gonna work, Mike

747
00:41:38,280 --> 00:41:41,520
Speaker 1: is every player before they travel to a tournament will

748
00:41:41,560 --> 00:41:44,520
Speaker 1: be tested before you know they're going to travel, because

749
00:41:44,520 --> 00:41:48,600
Speaker 1: they tested negative. When they arrive, they'll go to a

750
00:41:48,680 --> 00:41:54,240
Speaker 1: testing facility. We're fortunate to have secured mobile testing labs

751
00:41:54,239 --> 00:41:57,359
Speaker 1: and vans with our partner, Stanford Health. They'll turn around

752
00:41:57,400 --> 00:41:59,960
Speaker 1: those tests in two to four hours, which is important

753
00:42:00,040 --> 00:42:03,640
Speaker 1: because players need to prepare to play and prepare to compete,

754
00:42:03,640 --> 00:42:06,480
Speaker 1: and we don't want to take away resources from those communities.

755
00:42:06,520 --> 00:42:09,719
Speaker 1: So these are our vans. We've purchased all the you know,

756
00:42:09,760 --> 00:42:14,480
Speaker 1: the testing equipment and resources, and then each day we'll

757
00:42:14,480 --> 00:42:18,400
Speaker 1: have a layered approach. There will be temperature checks, thermal screens,

758
00:42:18,600 --> 00:42:22,280
Speaker 1: and then also we have a questionnaire that will prompt

759
00:42:22,400 --> 00:42:25,759
Speaker 1: players trying to identify any COVID related symptoms, and that

760
00:42:25,800 --> 00:42:29,040
Speaker 1: will happen each day. And then to keep the bubble small,

761
00:42:29,080 --> 00:42:32,200
Speaker 1: we're providing charter flights for players and caddies in this

762
00:42:32,239 --> 00:42:35,200
Speaker 1: case from Fort Worth to to South Carolina for the

763
00:42:35,280 --> 00:42:38,040
Speaker 1: RBC Heritage next week, and to get on that plane,

764
00:42:38,040 --> 00:42:41,360
Speaker 1: you will have to have tested negative. So that's the

765
00:42:41,400 --> 00:42:44,359
Speaker 1: basis for our testing program. And then when you put

766
00:42:44,360 --> 00:42:45,880
Speaker 1: on top of that all the things that we're going

767
00:42:45,920 --> 00:42:50,200
Speaker 1: to be doing in terms of social distancing and in

768
00:42:50,200 --> 00:42:52,839
Speaker 1: sanitization during the course of the week, feel good about

769
00:42:52,840 --> 00:42:56,600
Speaker 1: our protocols, and more importantly, they're not ones that people

770
00:42:56,640 --> 00:43:00,680
Speaker 1: that are accustomed to running world class professional golf tournaments exclusively.

771
00:43:01,280 --> 00:43:03,560
Speaker 1: It's sound something that we designed, something that we design

772
00:43:03,600 --> 00:43:06,880
Speaker 1: and concert with our medical advisor and medical experts across

773
00:43:07,040 --> 00:43:11,520
Speaker 1: broad realm. So, Jay, as we wrap up here, I mean,

774
00:43:11,560 --> 00:43:14,040
Speaker 1: I do wonder. You know, we're talking to you in

775
00:43:14,160 --> 00:43:17,359
Speaker 1: this moment of extraordinary change and certainly a year that

776
00:43:17,440 --> 00:43:21,200
Speaker 1: none of us could have anticipated. You know, you've long

777
00:43:21,320 --> 00:43:25,600
Speaker 1: been involved in the game, of course, and you've seen

778
00:43:25,719 --> 00:43:29,680
Speaker 1: it ebben flow and popularity and and all the various

779
00:43:30,160 --> 00:43:32,600
Speaker 1: things that that you've seen. I do wonder from a

780
00:43:32,640 --> 00:43:35,719
Speaker 1: personal level, like, how does a year like this sort

781
00:43:35,760 --> 00:43:37,880
Speaker 1: of change you? And as a leader, how does it

782
00:43:37,960 --> 00:43:40,239
Speaker 1: change you in terms of what you think, you know,

783
00:43:40,360 --> 00:43:44,360
Speaker 1: golf canon and should be in broader society in the

784
00:43:44,360 --> 00:43:47,040
Speaker 1: world of sports. Mean, it is such an interesting moment.

785
00:43:47,080 --> 00:43:54,120
Speaker 1: I think, Yeah, I think I agree. It's it's um

786
00:43:54,160 --> 00:43:55,759
Speaker 1: you know, it's think about where you were on New

787
00:43:55,840 --> 00:43:58,960
Speaker 1: Year's Eve and where you are now, and what your

788
00:43:58,960 --> 00:44:00,719
Speaker 1: plans were for the year, what you were trying to

789
00:44:00,760 --> 00:44:04,120
Speaker 1: accomplish in your business, and the realities that we've all

790
00:44:04,239 --> 00:44:07,600
Speaker 1: we're all now confronted with. And so I think it's

791
00:44:07,680 --> 00:44:10,879
Speaker 1: it's it's a moment in time where you know you're

792
00:44:10,920 --> 00:44:13,359
Speaker 1: going to grow as a leader. And it's a it's

793
00:44:13,360 --> 00:44:15,560
Speaker 1: a moment too, you know, as as hard as it is,

794
00:44:15,600 --> 00:44:17,680
Speaker 1: you have to embrace the challenges that are in front

795
00:44:17,680 --> 00:44:21,080
Speaker 1: of you. You have to surround yourself with and lean

796
00:44:21,120 --> 00:44:24,239
Speaker 1: on the great teams that you know that that you've

797
00:44:24,280 --> 00:44:27,239
Speaker 1: built and you work with. And it's a moment that

798
00:44:27,400 --> 00:44:31,960
Speaker 1: requires great transparency and thought. And so that's how I

799
00:44:32,160 --> 00:44:34,799
Speaker 1: and we have tried to address the challenges that we're

800
00:44:34,800 --> 00:44:37,640
Speaker 1: going to continue to address as we go forward. And

801
00:44:37,719 --> 00:44:40,600
Speaker 1: then when you step back and you look at the

802
00:44:40,640 --> 00:44:42,960
Speaker 1: PGA Tour and for that matter, all the tours that

803
00:44:43,000 --> 00:44:46,960
Speaker 1: we operate, this is an extraordinary time for the game

804
00:44:47,000 --> 00:44:52,319
Speaker 1: of golf, and it's an extraordinary opportunity. Um and I

805
00:44:52,400 --> 00:44:54,840
Speaker 1: was saying that several weeks ago, as we were thinking

806
00:44:54,840 --> 00:44:59,080
Speaker 1: about the impact of COVID, and now with this social unrest,

807
00:45:00,040 --> 00:45:02,920
Speaker 1: my perception has not changed. I think that, you know,

808
00:45:02,960 --> 00:45:05,040
Speaker 1: we've got to continue to do a great job to

809
00:45:05,120 --> 00:45:07,640
Speaker 1: make what I think is the greatest game in the world,

810
00:45:08,360 --> 00:45:10,560
Speaker 1: continue to make it more and more welcoming more and

811
00:45:10,600 --> 00:45:13,920
Speaker 1: more inclusive, identify issues of access, and open us up

812
00:45:13,960 --> 00:45:16,120
Speaker 1: to it, you know, to the opportunities that it can

813
00:45:16,200 --> 00:45:19,120
Speaker 1: present to so many people. And we'll do that with

814
00:45:19,160 --> 00:45:21,680
Speaker 1: the first tea. We'll do that with our industry partners,

815
00:45:21,680 --> 00:45:24,840
Speaker 1: and will make sure as you watch our events going forward,

816
00:45:24,880 --> 00:45:27,880
Speaker 1: we're celebrating the eatingness of our game. So you know,

817
00:45:27,920 --> 00:45:30,120
Speaker 1: as hard as as as this has been for all

818
00:45:30,160 --> 00:45:33,480
Speaker 1: of us, I find inspiration in the opportunity, and you

819
00:45:33,480 --> 00:45:35,920
Speaker 1: know we're ready to get going and and share that.

820
00:45:37,600 --> 00:45:39,279
Speaker 1: J I think one of the big reasons for your

821
00:45:39,320 --> 00:45:42,000
Speaker 1: success is you can relate to all the players. And

822
00:45:42,080 --> 00:45:44,920
Speaker 1: I don't want to embarrass you, but I live about

823
00:45:45,000 --> 00:45:48,000
Speaker 1: three blocks away from Winchester Country Club with a Monahan

824
00:45:48,200 --> 00:45:51,719
Speaker 1: name is flatted over every single plaque in the clubhouse.

825
00:45:52,239 --> 00:45:55,880
Speaker 1: Between Jay's great grandfather, grandfather, his dad, Joe, and himself.

826
00:45:55,920 --> 00:45:58,359
Speaker 1: I think you've won is a tree or twenty four

827
00:45:58,440 --> 00:46:02,160
Speaker 1: father son grandfather grant son championships, maybe maybe more. I

828
00:46:02,160 --> 00:46:03,960
Speaker 1: don't know, but I all I know is it's like

829
00:46:04,040 --> 00:46:07,040
Speaker 1: Wanta hand is all over the place, and it really

830
00:46:07,040 --> 00:46:09,759
Speaker 1: it really is and um and I think that's a

831
00:46:09,800 --> 00:46:13,279
Speaker 1: big key from my outside vantage point for your relationship

832
00:46:13,360 --> 00:46:15,520
Speaker 1: with the players. You know, you're not some corporate suit

833
00:46:15,560 --> 00:46:18,239
Speaker 1: who's sitting at the top who's never picked up a

834
00:46:18,280 --> 00:46:20,640
Speaker 1: sand wedge and played golf. And do you attribute a

835
00:46:20,719 --> 00:46:23,279
Speaker 1: lot of success with your relationship with the players to

836
00:46:23,360 --> 00:46:26,600
Speaker 1: your playing days and your knowledge of the game. What

837
00:46:26,760 --> 00:46:29,040
Speaker 1: I would say, Mike, is that I think the thing

838
00:46:29,840 --> 00:46:33,000
Speaker 1: that helps me in the role I have and the

839
00:46:33,040 --> 00:46:36,200
Speaker 1: great responsibility I have, is I have a tremendous passion

840
00:46:36,239 --> 00:46:39,440
Speaker 1: for the game. Um and that's because thanks to my

841
00:46:39,480 --> 00:46:42,440
Speaker 1: mom and dad, I started playing when I was, you know,

842
00:46:42,520 --> 00:46:44,920
Speaker 1: six years old, and I've played it. You know, I

843
00:46:45,000 --> 00:46:47,520
Speaker 1: still I'm still I'm still trying as hard as I

844
00:46:47,560 --> 00:46:50,520
Speaker 1: possibly can, you know, to get better and better and better.

845
00:46:50,560 --> 00:46:53,160
Speaker 1: And it's a game of a lifetime. And so I

846
00:46:53,200 --> 00:46:55,680
Speaker 1: can't relate to how good our players are because I've

847
00:46:55,760 --> 00:46:58,799
Speaker 1: never actually walked a course playing the way that they play.

848
00:46:58,840 --> 00:47:01,400
Speaker 1: But I think I have this name amount of passion

849
00:47:01,440 --> 00:47:04,719
Speaker 1: for the game as anybody that's on this planet, you know,

850
00:47:04,880 --> 00:47:09,400
Speaker 1: drives me every single day. Well, Jay, we really appreciate

851
00:47:09,760 --> 00:47:12,279
Speaker 1: your time with us. We know it's an incredibly busy week,

852
00:47:12,320 --> 00:47:14,440
Speaker 1: in an exciting week in many ways, and I know

853
00:47:14,480 --> 00:47:17,520
Speaker 1: we're all looking forward uh to seeing golf really back

854
00:47:17,520 --> 00:47:20,160
Speaker 1: in action, and especially as we moved towards that moment

855
00:47:20,160 --> 00:47:23,800
Speaker 1: where it's even more normal and we're seeing the crowds

856
00:47:23,800 --> 00:47:26,560
Speaker 1: and we're seeing the cheers, because obviously, I think all

857
00:47:26,600 --> 00:47:28,880
Speaker 1: of us agree that some of the greatest moments in

858
00:47:28,960 --> 00:47:33,000
Speaker 1: sports over the last twenty fifty years have come on

859
00:47:33,160 --> 00:47:35,920
Speaker 1: some of the courses here in the United States and beyond.

860
00:47:36,000 --> 00:47:40,000
Speaker 1: Thank you so much for joining his PGA Tour Commissioner Jamanahan. Well, Mike,

861
00:47:40,040 --> 00:47:42,480
Speaker 1: you were the two turn a phrase. You're like the

862
00:47:42,520 --> 00:47:44,560
Speaker 1: ace in the hole. They're like coming in with the

863
00:47:44,680 --> 00:47:49,200
Speaker 1: uh the local club reference. I loved it. Uh. He's

864
00:47:49,239 --> 00:47:51,759
Speaker 1: a he's sort of local, local boy made good in

865
00:47:51,800 --> 00:47:54,319
Speaker 1: many ways, right, Yeah he is, Yeah, he is. He

866
00:47:54,640 --> 00:47:57,880
Speaker 1: went to Belmont High School, he went to University of Massachusetts,

867
00:47:57,880 --> 00:48:00,279
Speaker 1: and uh, he just sort of worked his way peer.

868
00:48:00,360 --> 00:48:03,759
Speaker 1: He was with the local tournament uh that's played on

869
00:48:03,840 --> 00:48:06,359
Speaker 1: Labor Day up here. He ran that and then just

870
00:48:06,440 --> 00:48:10,560
Speaker 1: ascended naturally to his position. And I just think he's

871
00:48:10,560 --> 00:48:13,480
Speaker 1: a great leader. Um, he's well respected by the players.

872
00:48:13,560 --> 00:48:15,600
Speaker 1: As I said, he's not some corporate suit that was

873
00:48:15,640 --> 00:48:18,520
Speaker 1: just you know, never picked up a golf club he identifies,

874
00:48:18,800 --> 00:48:21,080
Speaker 1: and he's a good listener. Uh. You know, he talked

875
00:48:21,080 --> 00:48:25,080
Speaker 1: about the number of different committees he had where he

876
00:48:25,120 --> 00:48:28,120
Speaker 1: talks to players all the time and he gets their feedback. Uh.

877
00:48:28,200 --> 00:48:30,719
Speaker 1: This great thing he's doing with Harold Vonner, Uh to

878
00:48:30,840 --> 00:48:34,040
Speaker 1: me really impressed me. And also he's he's sensitive to

879
00:48:34,680 --> 00:48:37,680
Speaker 1: um uh the impression that he's going to create if

880
00:48:37,719 --> 00:48:41,680
Speaker 1: these players are given tests, Well, they're not taking away

881
00:48:41,719 --> 00:48:44,279
Speaker 1: from the public. They there their own vans that they

882
00:48:44,320 --> 00:48:48,040
Speaker 1: purchased for temperature checks and thermal screening and and uh,

883
00:48:48,280 --> 00:48:50,440
Speaker 1: it's not taking away anything from the public. So I

884
00:48:50,480 --> 00:48:53,279
Speaker 1: think he's he's really researched this thing, and I think

885
00:48:53,280 --> 00:48:56,399
Speaker 1: he's done a great job to prepare him going forward. Yeah.

886
00:48:56,719 --> 00:48:59,439
Speaker 1: Definitely a thoughtful guy. And you can you can tell

887
00:48:59,560 --> 00:49:03,520
Speaker 1: that I think amid everything that's going on in it,

888
00:49:04,120 --> 00:49:05,759
Speaker 1: and I say this in a very positive way, I

889
00:49:05,800 --> 00:49:07,680
Speaker 1: think he feels the weight of it. In many ways,

890
00:49:07,680 --> 00:49:10,960
Speaker 1: he feels the weight of, you know, leadership of a

891
00:49:11,000 --> 00:49:13,640
Speaker 1: sport that people are going to be looking at. I

892
00:49:13,680 --> 00:49:17,440
Speaker 1: do wonder, and I wonder about your perspective on this.

893
00:49:18,000 --> 00:49:21,080
Speaker 1: It actually could be kind of an interesting moment for golf.

894
00:49:21,400 --> 00:49:24,399
Speaker 1: As you know, there are fewer sports. Mean, we'll we'll

895
00:49:24,440 --> 00:49:28,439
Speaker 1: do our obligatory. Baseball can't get its act together here,

896
00:49:28,920 --> 00:49:33,920
Speaker 1: um mentioned, but you know, people do love golf in

897
00:49:33,960 --> 00:49:36,720
Speaker 1: many ways. And I think you think about the match

898
00:49:37,239 --> 00:49:39,359
Speaker 1: part two that we saw a few weeks ago. I mean,

899
00:49:39,440 --> 00:49:42,640
Speaker 1: this could be a moment where maybe some new stars

900
00:49:42,680 --> 00:49:47,600
Speaker 1: emerge and who knows, well, there's always the great part

901
00:49:47,600 --> 00:49:50,680
Speaker 1: about sports is that it's unscripted and nobody knows what

902
00:49:50,760 --> 00:49:53,080
Speaker 1: the ending is going to be. And we saw six

903
00:49:53,120 --> 00:49:55,279
Speaker 1: million people tune in for a three and a half

904
00:49:55,320 --> 00:49:59,480
Speaker 1: hour match with Brady and Manning and Michelson and Tiger Woods.

905
00:49:59,480 --> 00:50:01,080
Speaker 1: And I think these ratings are going to be off

906
00:50:01,120 --> 00:50:03,399
Speaker 1: the charts. This is the Colonial, which is a nice

907
00:50:03,440 --> 00:50:05,600
Speaker 1: tournament down in Fort Worth, Texas. It's not one of

908
00:50:05,600 --> 00:50:08,120
Speaker 1: the majors where more people tune into. But I think

909
00:50:08,160 --> 00:50:09,960
Speaker 1: people are gonna just they're gonna tune in. It's just

910
00:50:10,160 --> 00:50:12,719
Speaker 1: the curious. They're gonna see what the interaction is like,

911
00:50:13,120 --> 00:50:16,160
Speaker 1: is the is the caddy touching the the grip and

912
00:50:16,160 --> 00:50:18,279
Speaker 1: then handing it to the player. Little things like that,

913
00:50:18,520 --> 00:50:21,399
Speaker 1: and um, and I think it's gonna people are looking

914
00:50:21,400 --> 00:50:24,040
Speaker 1: for hope, right now, just hope you know just where

915
00:50:24,080 --> 00:50:26,560
Speaker 1: where is the avenue back to normalcy? And I think

916
00:50:26,600 --> 00:50:28,840
Speaker 1: this is this will give people a lot of hope

917
00:50:28,880 --> 00:50:32,040
Speaker 1: and if if not hope, a diversion for four hours

918
00:50:32,080 --> 00:50:34,839
Speaker 1: every day or maybe longer. Right exactly well, and if

919
00:50:34,880 --> 00:50:37,440
Speaker 1: nothing else, as he pointed out, this is a sport

920
00:50:37,640 --> 00:50:40,359
Speaker 1: as you have experienced that, uh, it's sort of made

921
00:50:40,400 --> 00:50:42,759
Speaker 1: for this time. You know, you can be outside, you

922
00:50:42,760 --> 00:50:46,360
Speaker 1: don't really uh need to be touching anybody or anything.

923
00:50:46,680 --> 00:50:50,440
Speaker 1: And it is fairly easily adapted to the moment that

924
00:50:50,440 --> 00:50:53,840
Speaker 1: we find ourselves in. So uh, maybe it'll be an interesting,

925
00:50:54,280 --> 00:50:56,800
Speaker 1: interesting road back to some extent. And and and in

926
00:50:56,960 --> 00:50:59,400
Speaker 1: my game, I've been practicing in my whole life because

927
00:50:59,440 --> 00:51:02,000
Speaker 1: I come in contact with trees and bushes and leaves,

928
00:51:02,040 --> 00:51:05,960
Speaker 1: and I do with the actual people I'm playing with. Alright,

929
00:51:06,000 --> 00:51:08,960
Speaker 1: you're well prepared, well prepared for this moment, Mike Glinch. Alright,

930
00:51:09,040 --> 00:51:11,200
Speaker 1: you've been listening to Bloomberg Business of Sports. We're here

931
00:51:11,200 --> 00:51:13,760
Speaker 1: each and every week at the same time, plus online

932
00:51:14,080 --> 00:51:16,440
Speaker 1: wherever you get your podcast. You can catch those Mondays,

933
00:51:16,480 --> 00:51:19,720
Speaker 1: Wednesdays and Thursdays. I'm Jason Kelly. Find me on Twitter.

934
00:51:19,840 --> 00:51:23,080
Speaker 1: At Jason Kelly News and on Mike Lynch and you

935
00:51:23,080 --> 00:51:26,240
Speaker 1: can find me at Lynch e w c VB. Alright,

936
00:51:26,280 --> 00:51:29,160
Speaker 1: you're listening to Bloomberg Business of Sports for Bloomberg Radio

937
00:51:29,480 --> 00:51:30,120
Speaker 1: around the world.