1 00:00:00,880 --> 00:00:03,440 Speaker 1: This is Bloomberg Business of Sports. 2 00:00:03,640 --> 00:00:06,680 Speaker 2: Aaron Rogers is the biggest story in the twenty twenty 3 00:00:06,720 --> 00:00:07,800 Speaker 2: three NFL season. 4 00:00:07,920 --> 00:00:10,320 Speaker 3: People who are curious every time we stage a live 5 00:00:10,360 --> 00:00:13,240 Speaker 3: event could be one across ten different sports that we promote. 6 00:00:13,320 --> 00:00:14,040 Speaker 3: That's our product. 7 00:00:14,040 --> 00:00:17,599 Speaker 4: Four point six million women are already sports diving in 8 00:00:17,680 --> 00:00:18,079 Speaker 4: the US. 9 00:00:18,200 --> 00:00:21,760 Speaker 2: Digitization of ticketing has made things more transparent in some 10 00:00:21,800 --> 00:00:23,599 Speaker 2: ways and less transparent than others. 11 00:00:23,600 --> 00:00:26,120 Speaker 5: One of the coolest things about rugby it's the same 12 00:00:26,200 --> 00:00:27,040 Speaker 5: rules for men and women. 13 00:00:27,120 --> 00:00:29,880 Speaker 2: Golf is a sport you can play well beyond your years. 14 00:00:30,080 --> 00:00:31,160 Speaker 1: Unlike any other sports. 15 00:00:31,200 --> 00:00:33,840 Speaker 2: You don't have college athletics anymore. You have young people 16 00:00:33,880 --> 00:00:35,120 Speaker 2: playing professional sports. 17 00:00:35,159 --> 00:00:40,919 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. Hello, this is 18 00:00:41,040 --> 00:00:43,280 Speaker 1: the Bloomberg Business of Sports show. Will be support the 19 00:00:43,280 --> 00:00:46,400 Speaker 1: big money issues in the world of sports. I'm Michael barn. 20 00:00:46,200 --> 00:00:48,199 Speaker 3: I'm Scarlett Foo, and I'm Damian Sasaur. 21 00:00:48,360 --> 00:00:52,479 Speaker 1: Coming up today must be all them. Leaves are falling, 22 00:00:52,920 --> 00:00:58,080 Speaker 1: Pumpkin Spice is in the air, and the World Series 23 00:00:58,160 --> 00:01:06,120 Speaker 1: is on TV. The Texas Rangers are battling the Arizona Diamondbacks. 24 00:01:06,319 --> 00:01:08,120 Speaker 1: They are facing off in the Fall Classic. 25 00:01:08,440 --> 00:01:12,760 Speaker 3: Grounded a second two years remote, losing one hundred. 26 00:01:15,319 --> 00:01:16,520 Speaker 1: Seawall to strike away. 27 00:01:16,640 --> 00:01:19,959 Speaker 3: Here it comes cave a fly ball to right field 28 00:01:20,080 --> 00:01:21,080 Speaker 3: over his Carol. 29 00:01:21,959 --> 00:01:27,200 Speaker 5: He's got it, and the Arizona Diamondbacks are headed to 30 00:01:27,280 --> 00:01:28,440 Speaker 5: the World Series. 31 00:01:28,800 --> 00:01:31,800 Speaker 1: We'll take a look at the ongoing series and discuss 32 00:01:32,200 --> 00:01:35,360 Speaker 1: what we can expect from the baseball offseason with MLB 33 00:01:35,560 --> 00:01:39,160 Speaker 1: network analysts and friend of the show Harold Reynolds. 34 00:01:39,240 --> 00:01:42,600 Speaker 2: What's happening? You got two teams have won Arizona one 35 00:01:42,640 --> 00:01:45,800 Speaker 2: and one, and the Rangers have never won, you know, 36 00:01:46,000 --> 00:01:48,720 Speaker 2: so I think they look at it like, all right, 37 00:01:48,800 --> 00:01:49,960 Speaker 2: the new blood is coming. 38 00:01:50,360 --> 00:01:52,720 Speaker 1: That a straight aad on the Bloomberg Business of Sports show. 39 00:01:53,000 --> 00:01:55,840 Speaker 1: But first, let's look at some of the top stories 40 00:01:55,880 --> 00:01:59,920 Speaker 1: of the week, beginning with the House of Mouse wet 41 00:02:00,080 --> 00:02:03,760 Speaker 1: Disney's Sports division. You may have heard it as ESPN 42 00:02:04,480 --> 00:02:08,520 Speaker 1: could attract outside investors at evaluation of up to twenty 43 00:02:08,720 --> 00:02:14,880 Speaker 1: two billion dollars. My goodness, man, that's Damien money. Help 44 00:02:14,960 --> 00:02:18,239 Speaker 1: us dig into the numbers. We're joined now by Bloomberg 45 00:02:18,240 --> 00:02:23,240 Speaker 1: Intelligence media analysts Keita raganathen Oh Gita. Thank you so 46 00:02:23,320 --> 00:02:25,440 Speaker 1: much for joining us on the Bloomberg Business of Sports. 47 00:02:25,639 --> 00:02:27,639 Speaker 6: Thank you for having me well, let's. 48 00:02:27,400 --> 00:02:32,800 Speaker 1: Talk about that ESPN. I could never envision that because 49 00:02:32,840 --> 00:02:35,080 Speaker 1: I remember when it was born and I'm thinking, there's 50 00:02:35,080 --> 00:02:37,320 Speaker 1: no way in the world they're going to sell ESPN. 51 00:02:37,639 --> 00:02:41,359 Speaker 1: But now there's a possibility it could happen. 52 00:02:41,560 --> 00:02:44,560 Speaker 6: So I don't think they're actually looking to sell ESPN. 53 00:02:44,600 --> 00:02:47,440 Speaker 6: I mean, remember, this is one of the core assets 54 00:02:47,480 --> 00:02:50,440 Speaker 6: for Disney. It's a huge part of the brand, and 55 00:02:50,480 --> 00:02:53,880 Speaker 6: it has for many years not only been the lynchpin 56 00:02:54,040 --> 00:02:57,280 Speaker 6: of the Disney cable networks, but really the PTV bundle 57 00:02:57,320 --> 00:02:59,760 Speaker 6: as a whole. You know, it kind of commands the 58 00:03:00,040 --> 00:03:03,320 Speaker 6: highest affiliate fees in the industry. And they just actually 59 00:03:03,360 --> 00:03:06,639 Speaker 6: broke out financials for the very first time in the 60 00:03:06,680 --> 00:03:09,000 Speaker 6: history of the company, kind of just kind of offering, 61 00:03:09,360 --> 00:03:14,120 Speaker 6: you know, U analysts a glimpse into what ESPN's revenue, 62 00:03:14,160 --> 00:03:17,200 Speaker 6: what its profit profile looks like. And the top line 63 00:03:17,240 --> 00:03:20,400 Speaker 6: is actually very, very stable. This this is a network 64 00:03:20,440 --> 00:03:24,880 Speaker 6: that generates roughly about sixteen billion dollars in revenue. That's 65 00:03:24,919 --> 00:03:27,760 Speaker 6: about eleven around eleven billion or so an affiliate fees, 66 00:03:27,800 --> 00:03:29,919 Speaker 6: about four and a half billion in advertising, and it's 67 00:03:29,919 --> 00:03:32,840 Speaker 6: been pretty stable. So that's the good news. The bad 68 00:03:32,960 --> 00:03:37,520 Speaker 6: news is that sports rights fees have been escalating really 69 00:03:37,560 --> 00:03:40,080 Speaker 6: really quickly, and that has been putting a lot of 70 00:03:40,160 --> 00:03:44,400 Speaker 6: pressure on the bottom line. But it still generates good profits. 71 00:03:44,400 --> 00:03:45,760 Speaker 6: I mean, back in the day, of course, this was 72 00:03:45,800 --> 00:03:48,040 Speaker 6: a business that was generating about four or five billion 73 00:03:48,040 --> 00:03:51,160 Speaker 6: dollars in EBITDA. Last year it brought in about three 74 00:03:51,200 --> 00:03:54,440 Speaker 6: billion dollars or so, and the twenty two billion dollar 75 00:03:54,600 --> 00:03:57,720 Speaker 6: you know, valuation was just basically us looking at the 76 00:03:57,760 --> 00:04:01,200 Speaker 6: EBITDA and kind of looking at other operators in the 77 00:04:01,200 --> 00:04:03,760 Speaker 6: space at about seven seven and a half times multiple 78 00:04:04,120 --> 00:04:06,160 Speaker 6: and that's where we kind of got to that valuation. 79 00:04:06,360 --> 00:04:08,600 Speaker 6: But it is still a fairly profitable business. It is 80 00:04:08,640 --> 00:04:10,720 Speaker 6: still a cash cow for Disney. 81 00:04:10,600 --> 00:04:13,560 Speaker 4: Right, still profitable business, but definitely has seen its better 82 00:04:13,680 --> 00:04:16,839 Speaker 4: days and the outlook is not quite as rosy. So 83 00:04:16,920 --> 00:04:19,880 Speaker 4: if Disney is not looking to sell ESPN outright and 84 00:04:19,920 --> 00:04:24,160 Speaker 4: it's seeking really just outside capital and fusion, what will 85 00:04:24,200 --> 00:04:27,960 Speaker 4: Disney have to give up for that for that cash? 86 00:04:28,040 --> 00:04:30,800 Speaker 6: Yeah, that's a really interesting question. I mean, so obviously 87 00:04:30,839 --> 00:04:32,839 Speaker 6: there's a lot that is still on the table, and 88 00:04:32,880 --> 00:04:35,599 Speaker 6: there are so many different strategic initiatives for Bob Ayger 89 00:04:35,600 --> 00:04:37,800 Speaker 6: to kind of work through. I mean, we've already kind 90 00:04:37,800 --> 00:04:40,200 Speaker 6: of seen them step out of their comfort zone a 91 00:04:40,240 --> 00:04:42,120 Speaker 6: little bit when it comes to ESPN for the very 92 00:04:42,120 --> 00:04:44,880 Speaker 6: first time. In fact, after resisting for so many years, 93 00:04:45,440 --> 00:04:48,159 Speaker 6: they've actually done a deal with ben for you know, 94 00:04:48,240 --> 00:04:50,359 Speaker 6: sports betting, and this was something that was in the 95 00:04:50,360 --> 00:04:53,200 Speaker 6: works for a very very long time, brings them, you know, 96 00:04:53,200 --> 00:04:56,640 Speaker 6: two billion dollars over ten years. They're looking I don't 97 00:04:56,640 --> 00:04:58,600 Speaker 6: think they're necessarily you know, there's obviously been a lot 98 00:04:58,640 --> 00:05:01,279 Speaker 6: of speculations, should they spa in the whole of ESPN, 99 00:05:01,320 --> 00:05:04,920 Speaker 6: should they spin their entire linear network business, including ESPN, 100 00:05:05,000 --> 00:05:08,640 Speaker 6: or should they just kind of have this outside minority investment, 101 00:05:08,680 --> 00:05:11,240 Speaker 6: if you will, of from maybe even a league or 102 00:05:12,960 --> 00:05:15,240 Speaker 6: you know, a tech giant or a telecom giant. So 103 00:05:15,279 --> 00:05:17,040 Speaker 6: it's all still a little bit up in the air. 104 00:05:17,080 --> 00:05:18,680 Speaker 6: But I think at the end of the day, what 105 00:05:18,720 --> 00:05:22,359 Speaker 6: they're really looking to do is to make ESPN a 106 00:05:22,440 --> 00:05:26,880 Speaker 6: true sports aggregator. And I think, you know, when they're 107 00:05:26,960 --> 00:05:30,120 Speaker 6: kind of seeking this external investment, I think they're either 108 00:05:30,160 --> 00:05:32,200 Speaker 6: looking for a distribution partner, could be you know, a 109 00:05:32,240 --> 00:05:34,360 Speaker 6: telecom company like a Verizon, or it could be you know, 110 00:05:34,400 --> 00:05:36,800 Speaker 6: a big tech company, or maybe they're just looking to 111 00:05:36,880 --> 00:05:40,440 Speaker 6: kind of, you know, partner with the leagues. Again, nothing 112 00:05:40,480 --> 00:05:42,960 Speaker 6: is clear at this point. I'm not really sure what 113 00:05:43,000 --> 00:05:44,839 Speaker 6: they need to give up. Maybe they need to share 114 00:05:44,920 --> 00:05:46,600 Speaker 6: in some of the economics. We do know that the 115 00:05:46,600 --> 00:05:48,839 Speaker 6: one thing that is going to happen, so the next 116 00:05:48,920 --> 00:05:52,120 Speaker 6: chapter of ESPN is going to be the launch of 117 00:05:52,200 --> 00:05:55,720 Speaker 6: the ESPN full blown streaming service. So right now they 118 00:05:55,720 --> 00:05:59,120 Speaker 6: do have ESPN Plus, but that doesn't necessarily have all 119 00:05:59,160 --> 00:06:01,960 Speaker 6: of the marquee. They do need to kind of make 120 00:06:02,000 --> 00:06:05,120 Speaker 6: that big shift from linear television into streaming. Take all 121 00:06:05,120 --> 00:06:07,920 Speaker 6: of you know, the big sports that you know, we 122 00:06:08,760 --> 00:06:11,280 Speaker 6: you know, we find on TV, whether it's the NFL, 123 00:06:11,360 --> 00:06:14,080 Speaker 6: the MLB, kind of take that to streaming. They've said 124 00:06:14,080 --> 00:06:17,719 Speaker 6: that they'd probably do it sometime in twenty twenty five. Again, 125 00:06:18,279 --> 00:06:21,760 Speaker 6: no firm plans just yet, but they have said that 126 00:06:21,520 --> 00:06:23,360 Speaker 6: that will be done. So it's going to be interesting 127 00:06:23,400 --> 00:06:26,560 Speaker 6: to see how they kind of chalk that out as 128 00:06:26,600 --> 00:06:28,720 Speaker 6: they kind of seek this investment as well. 129 00:06:28,960 --> 00:06:30,839 Speaker 3: So geta I'm just trying to wrap my brain around this. 130 00:06:30,920 --> 00:06:33,120 Speaker 3: You know, the reason for the disclosure, and you're mentioning 131 00:06:33,160 --> 00:06:36,400 Speaker 3: it's perhaps that they want to share their economics at 132 00:06:36,400 --> 00:06:38,760 Speaker 3: some point for some sort of strategic partnership or acquisition, 133 00:06:38,839 --> 00:06:41,240 Speaker 3: something along those lines. But you know, you mentioned that 134 00:06:41,279 --> 00:06:43,720 Speaker 3: Pen deal that was two billion over ten years. Let 135 00:06:43,760 --> 00:06:45,880 Speaker 3: me tell you something. The NBA rights deal is coming up. 136 00:06:45,960 --> 00:06:47,560 Speaker 3: That's going to be something on the order of eight 137 00:06:47,640 --> 00:06:50,640 Speaker 3: billion per year for nine years. Does you know, does 138 00:06:50,640 --> 00:06:53,600 Speaker 3: Bob Iiger really want to show his hand before going 139 00:06:53,640 --> 00:06:55,599 Speaker 3: into those negotiations. I mean, he's going to be bidding 140 00:06:55,600 --> 00:06:56,919 Speaker 3: against the Amazons of the world. 141 00:06:56,920 --> 00:06:59,159 Speaker 6: Now, yeah, you're absolutely right. I mean, this is the 142 00:06:59,240 --> 00:07:02,240 Speaker 6: problem for you know that any any network that has 143 00:07:02,240 --> 00:07:06,000 Speaker 6: sports rights, right, it's been these sports rights fees that 144 00:07:06,080 --> 00:07:09,000 Speaker 6: have just been rising at this astronomical rate. And you're 145 00:07:09,000 --> 00:07:10,960 Speaker 6: absolutely right. The big thing that does come up for 146 00:07:11,000 --> 00:07:13,040 Speaker 6: them is the NBA rights. And that's actually one of 147 00:07:13,040 --> 00:07:15,800 Speaker 6: the reasons why they have to delay this ESPN launch 148 00:07:15,800 --> 00:07:18,800 Speaker 6: because they've got to wait till twenty twenty five when 149 00:07:18,840 --> 00:07:21,320 Speaker 6: everything kind of expires and comes up for renewal and 150 00:07:21,600 --> 00:07:24,040 Speaker 6: you know, make sure that they have digital rights for 151 00:07:24,200 --> 00:07:27,240 Speaker 6: the NBA. I think what they're looking to do, and 152 00:07:27,280 --> 00:07:29,520 Speaker 6: this is this seems to be a common theme right 153 00:07:29,560 --> 00:07:31,680 Speaker 6: now in the sports world, is you know, kind of 154 00:07:32,040 --> 00:07:35,480 Speaker 6: breaking up the sports rights into a lot of smaller packages, 155 00:07:35,800 --> 00:07:37,360 Speaker 6: and I think that's what the NBA is going to 156 00:07:37,360 --> 00:07:39,000 Speaker 6: do as well. So they're probably going to have a 157 00:07:39,040 --> 00:07:42,440 Speaker 6: TV component, They're going to have multiple digital components. They're 158 00:07:42,440 --> 00:07:44,080 Speaker 6: going to break it up, slice it and dice it 159 00:07:44,160 --> 00:07:47,040 Speaker 6: in different ways so that you know, no single company 160 00:07:47,120 --> 00:07:51,520 Speaker 6: is necessarily going to have, you know, the monopoly. So 161 00:07:51,560 --> 00:07:53,760 Speaker 6: it's going to be interesting to see how they do that. 162 00:07:53,800 --> 00:07:55,920 Speaker 6: But you're absolutely right in terms of you know, how 163 00:07:55,960 --> 00:07:59,760 Speaker 6: they you know, why they want to show the financials, well, 164 00:07:59,760 --> 00:08:01,480 Speaker 6: I think think why they really wanted to do it 165 00:08:01,600 --> 00:08:05,880 Speaker 6: was to show that, you know, ESPN still has a 166 00:08:05,880 --> 00:08:08,160 Speaker 6: substantial amount of earning powersits So just to kind of 167 00:08:08,160 --> 00:08:11,360 Speaker 6: give you some context, ESPN, you know, as I said, 168 00:08:11,360 --> 00:08:13,800 Speaker 6: brought in about sixteen billion in revenue, about three billion 169 00:08:13,840 --> 00:08:15,760 Speaker 6: in profit. You look at the rest of the media 170 00:08:15,840 --> 00:08:19,640 Speaker 6: networks and the rest of the entertainment division X ESPN, 171 00:08:20,160 --> 00:08:23,240 Speaker 6: it brought in forty billion dollars in revenue, but only 172 00:08:23,280 --> 00:08:26,280 Speaker 6: about two billion dollars in profit. So, you know, just 173 00:08:26,280 --> 00:08:28,560 Speaker 6: to kind of show you the size and scope there, 174 00:08:28,840 --> 00:08:32,400 Speaker 6: ESPN is still a huge, huge profit generator. It will 175 00:08:32,400 --> 00:08:35,240 Speaker 6: bring in about twenty five percent of profits for Disney 176 00:08:35,280 --> 00:08:37,480 Speaker 6: this year, and I think that's really what kind of 177 00:08:37,559 --> 00:08:42,200 Speaker 6: Bob Bob Eiger wanted to highlight in disclosing the financials. 178 00:08:42,640 --> 00:08:46,360 Speaker 4: So basically, because of live sports rights getting astronomical, they're 179 00:08:46,400 --> 00:08:48,240 Speaker 4: going to slice and dice, making it that much more 180 00:08:48,320 --> 00:08:51,959 Speaker 4: confusing and complicated for consumers of sports, which is kind 181 00:08:52,000 --> 00:08:53,560 Speaker 4: of what it's like around the rest of the world. 182 00:08:53,559 --> 00:08:54,959 Speaker 4: I mean, I mean, it's just going to get a 183 00:08:55,000 --> 00:08:56,120 Speaker 4: lot harder for you to watch anything. 184 00:08:56,200 --> 00:08:57,760 Speaker 3: Yeah, you know, and look, I mean, let's be clear, 185 00:08:57,800 --> 00:09:00,760 Speaker 3: Bob Iiger, how is he keeping it Zion the ball here? 186 00:09:00,760 --> 00:09:02,280 Speaker 3: I mean, Githa, you got to explain this to me. 187 00:09:02,360 --> 00:09:04,079 Speaker 3: I mean, he's now back in the driver's seat. And 188 00:09:04,160 --> 00:09:06,520 Speaker 3: you know at Disney and you know, I'm seeing you know, 189 00:09:07,080 --> 00:09:09,960 Speaker 3: actors and writer strikes and all these things going on. 190 00:09:10,000 --> 00:09:12,480 Speaker 3: I mean, what is going on at Walt Disney Company. 191 00:09:12,679 --> 00:09:15,760 Speaker 6: Oh my goodness, it's you know, this has just been 192 00:09:16,280 --> 00:09:17,040 Speaker 6: a train wreck. 193 00:09:18,400 --> 00:09:22,120 Speaker 4: It's it's not a victory lap, scratch that. 194 00:09:23,760 --> 00:09:26,120 Speaker 6: And it's you know, the sad part is they have 195 00:09:26,360 --> 00:09:29,120 Speaker 6: the best collection of assets in the industry, but unfortunately 196 00:09:29,120 --> 00:09:32,040 Speaker 6: it's kind of been this perfect stram of everything kind 197 00:09:32,040 --> 00:09:34,079 Speaker 6: of coming together at the same time. Whether it's been 198 00:09:34,120 --> 00:09:37,160 Speaker 6: you know, some of their Marvel franchises underperforming, whether it's 199 00:09:37,160 --> 00:09:39,920 Speaker 6: been streaming subscriber losses, whether it's been the lack of 200 00:09:39,960 --> 00:09:44,840 Speaker 6: streaming profits, you know, this whole implosion in the PATV. 201 00:09:44,600 --> 00:09:48,880 Speaker 3: Universe lawsuits in Florida. List goes on, absolutely. 202 00:09:48,920 --> 00:09:51,440 Speaker 6: Yeah, the list just goes on and on. So, oh boy, 203 00:09:51,640 --> 00:09:55,200 Speaker 6: it's it's just been one thing after the other, and 204 00:09:55,240 --> 00:09:58,360 Speaker 6: they have, you know, multiple strategic things that they need 205 00:09:58,400 --> 00:10:00,400 Speaker 6: to kind of iron out and iron out pretty quickly. 206 00:10:00,400 --> 00:10:02,120 Speaker 6: One of the things that they're really looking to do 207 00:10:02,240 --> 00:10:05,440 Speaker 6: is to gain full ownership of Hulu. Remember they own 208 00:10:05,480 --> 00:10:08,320 Speaker 6: about two thirds of that asset. Comcast controls the other 209 00:10:08,480 --> 00:10:11,000 Speaker 6: one third. They need to get the ball rolling there 210 00:10:11,000 --> 00:10:13,720 Speaker 6: and kind of acquire the you know, the remaining third. 211 00:10:14,000 --> 00:10:16,720 Speaker 6: So that's something that's ongoing right now. And then barb 212 00:10:16,720 --> 00:10:19,760 Speaker 6: Aeger has kind of promised that as he looks at 213 00:10:19,800 --> 00:10:22,080 Speaker 6: the company and kind of looks at the new strategic 214 00:10:22,480 --> 00:10:25,360 Speaker 6: you know direction, he is going to take a very 215 00:10:25,360 --> 00:10:27,360 Speaker 6: close look at all of their assets. And so we've 216 00:10:27,360 --> 00:10:31,880 Speaker 6: seen multiple news reports about you know, Disney considering spinning 217 00:10:31,880 --> 00:10:34,520 Speaker 6: off or selling ABC, selling off some of its other 218 00:10:34,600 --> 00:10:38,360 Speaker 6: linear networks. So yeah, there's just you know, everything is 219 00:10:38,440 --> 00:10:40,360 Speaker 6: up in the air right now, and he's obviously he 220 00:10:40,400 --> 00:10:42,040 Speaker 6: has a lot of balls to juggle. 221 00:10:41,960 --> 00:10:45,720 Speaker 1: Many thanks to Bloomberg Intelligence analyst KEITHA. Raganathan. Up next 222 00:10:45,720 --> 00:10:49,760 Speaker 1: on the show, mixed martial artists Francis and Gano stepping 223 00:10:49,840 --> 00:10:52,920 Speaker 1: out of the octagon and into a boxing ring. That 224 00:10:53,040 --> 00:10:56,240 Speaker 1: straight ahead on Bloomberg Business of Sports. I'm Michael Barr 225 00:10:56,240 --> 00:11:02,120 Speaker 1: with Scolard Boo and Damian's asside. This is Bloomberg. You're 226 00:11:02,200 --> 00:11:07,440 Speaker 1: listening to Bloomberg Business of Sports from Bloomberg Radio. This 227 00:11:07,640 --> 00:11:09,880 Speaker 1: is the Bloomberg Business of Sports show where we explore 228 00:11:09,880 --> 00:11:12,319 Speaker 1: the big money issues in the world sports like you want. 229 00:11:12,480 --> 00:11:13,440 Speaker 4: I'm Scarlett fil and. 230 00:11:14,600 --> 00:11:17,480 Speaker 1: Coming up later in the show, we're talking World Series 231 00:11:17,720 --> 00:11:21,319 Speaker 1: with Harold Reynolds of the MLB Network. But first this weekend, 232 00:11:21,400 --> 00:11:24,640 Speaker 1: mixed martial arts star frances and Ghana is stepping out 233 00:11:24,640 --> 00:11:27,320 Speaker 1: of the octagon and into a boxing ring. The match 234 00:11:27,360 --> 00:11:31,400 Speaker 1: will reportedly pay him ten million dollars, which is sixteen 235 00:11:31,440 --> 00:11:35,040 Speaker 1: times more than his most recent MMA. About for what 236 00:11:35,160 --> 00:11:39,120 Speaker 1: this means for the future of combat sports. We're joined 237 00:11:39,120 --> 00:11:42,040 Speaker 1: now by Bloomberg Sports reporter Randall Williams. 238 00:11:42,120 --> 00:11:43,800 Speaker 5: Thank you for having me once again. 239 00:11:44,120 --> 00:11:44,200 Speaker 4: Bro. 240 00:11:44,280 --> 00:11:45,959 Speaker 1: I want to know, first of all, if you know 241 00:11:46,040 --> 00:11:49,360 Speaker 1: you can help me train just I'll take just MMA. 242 00:11:50,000 --> 00:11:54,440 Speaker 1: But now it's there's so much money now in this 243 00:11:54,600 --> 00:12:00,640 Speaker 1: boxing match in Ghana. It's he's a smart man first 244 00:12:00,679 --> 00:12:04,319 Speaker 1: of all, you know, because he's gonna take the money. 245 00:12:04,840 --> 00:12:07,200 Speaker 1: I know it sounds silly, but what do you think 246 00:12:07,760 --> 00:12:09,760 Speaker 1: outside of money motivated him to do this? 247 00:12:09,840 --> 00:12:12,240 Speaker 5: Well, he always wanted to box. I mean if you 248 00:12:12,320 --> 00:12:14,240 Speaker 5: listened to any of his interviews in the past, from 249 00:12:14,280 --> 00:12:18,160 Speaker 5: where he came from and Cameroon and just growing up there, 250 00:12:18,200 --> 00:12:20,120 Speaker 5: it was always his lifelong dream. But he's been an 251 00:12:20,200 --> 00:12:22,640 Speaker 5: MMA fighter for most of his career at the UFC, 252 00:12:22,720 --> 00:12:25,400 Speaker 5: and he wanted to box while being a member of 253 00:12:25,440 --> 00:12:30,600 Speaker 5: the UFC, got into a very heated contract negotiation with 254 00:12:30,679 --> 00:12:32,800 Speaker 5: them that didn't pan out the way that he wanted 255 00:12:32,840 --> 00:12:35,120 Speaker 5: it to. So he hit free agency, signed with the PFL, 256 00:12:35,160 --> 00:12:37,959 Speaker 5: and the PFL let him box and he found himself 257 00:12:38,000 --> 00:12:40,560 Speaker 5: a high profile opponent in Tyson Fury. 258 00:12:41,040 --> 00:12:43,720 Speaker 4: What is it about the economics of MMA that make 259 00:12:43,800 --> 00:12:46,760 Speaker 4: it so the paydays are nothing compared to boxing. 260 00:12:47,200 --> 00:12:49,520 Speaker 5: Well, the structure, well, boxing was first of all, has 261 00:12:49,520 --> 00:12:50,760 Speaker 5: been around for a very long. 262 00:12:50,600 --> 00:12:52,120 Speaker 4: Time, and it's a niche sport now. 263 00:12:52,640 --> 00:12:55,040 Speaker 5: Yeah, but when you've been around for a long time 264 00:12:55,120 --> 00:12:57,760 Speaker 5: and you know, in terms of. 265 00:12:58,000 --> 00:13:01,560 Speaker 3: Your name is don King, No, but you've been around. 266 00:13:01,360 --> 00:13:04,680 Speaker 5: For a long time, there's a lot of recognition from fans. 267 00:13:04,720 --> 00:13:06,280 Speaker 5: So you look at the pay per view numbers. A 268 00:13:06,280 --> 00:13:08,000 Speaker 5: lot of times the boxing cards sell a little bit 269 00:13:08,000 --> 00:13:10,120 Speaker 5: more than you go see unless Connor McGregor is on 270 00:13:10,160 --> 00:13:15,600 Speaker 5: a card. And also the splits between boxing promotions and 271 00:13:15,679 --> 00:13:21,280 Speaker 5: fighters versus MMA fighters and MMA companies or promotions is 272 00:13:21,360 --> 00:13:24,520 Speaker 5: drastically different, and so a lot of these guys and 273 00:13:24,520 --> 00:13:26,679 Speaker 5: it's the same in boxing in some ways. Where boxing 274 00:13:26,679 --> 00:13:28,840 Speaker 5: when you first getting started, you're probably not gonna make 275 00:13:28,840 --> 00:13:30,680 Speaker 5: a lot of money as much as like the prize 276 00:13:30,679 --> 00:13:32,800 Speaker 5: fighters like Tyson Fury and some of the other popular 277 00:13:32,840 --> 00:13:36,559 Speaker 5: guys are. But yeah, that's where it stands. 278 00:13:36,720 --> 00:13:38,400 Speaker 3: Randall ten million dollars is in a lot of money. 279 00:13:38,400 --> 00:13:41,920 Speaker 3: It's not a lot of money. Conor McGregor fought Floyd Mayweather, 280 00:13:42,040 --> 00:13:44,280 Speaker 3: what was it, eighty five million dollars. 281 00:13:44,400 --> 00:13:45,040 Speaker 1: That's unfortunate. 282 00:13:45,320 --> 00:13:47,520 Speaker 3: So that just kind of I think we're just scratching 283 00:13:47,520 --> 00:13:50,040 Speaker 3: the surface, right, I mean, these MMA fighters turning to 284 00:13:50,160 --> 00:13:52,520 Speaker 3: boxing to get that payday. I mean, what does that 285 00:13:52,600 --> 00:13:54,920 Speaker 3: mean for the PFL, what does it mean for the UFC. 286 00:13:55,480 --> 00:13:58,959 Speaker 5: Well, that's why both of those organizations have been a 287 00:13:59,000 --> 00:14:01,640 Speaker 5: little weary to allow it is because if Connor McGregor 288 00:14:01,720 --> 00:14:03,920 Speaker 5: had won that fight, I think that the trend would 289 00:14:03,920 --> 00:14:05,640 Speaker 5: have reversed and be like, Okay, let's do some more 290 00:14:05,640 --> 00:14:07,720 Speaker 5: of these. But because he lost, and granted like, it 291 00:14:07,760 --> 00:14:09,280 Speaker 5: wasn't like he lost to a sloush. He lost to 292 00:14:09,320 --> 00:14:11,080 Speaker 5: one of the greatest of all time, if not the 293 00:14:11,200 --> 00:14:14,040 Speaker 5: greatest of all time, depending on what era you're from, 294 00:14:14,160 --> 00:14:17,480 Speaker 5: And so because he lost, we haven't seen that many 295 00:14:17,520 --> 00:14:20,000 Speaker 5: guys do it since unless it's been like a celebrity 296 00:14:20,040 --> 00:14:22,480 Speaker 5: boxing match, and quite frankly, a lot of MMA guys 297 00:14:22,480 --> 00:14:24,400 Speaker 5: have been getting embarrassed. I mean, Jake Paul knocked out 298 00:14:24,440 --> 00:14:27,080 Speaker 5: Ben Askron and Tyrone Woodley and neither one of these 299 00:14:27,080 --> 00:14:29,560 Speaker 5: guys are strikers. But at the same time, it's a 300 00:14:29,600 --> 00:14:31,520 Speaker 5: bad look for an organization. It's like, oh, we're going 301 00:14:31,600 --> 00:14:33,960 Speaker 5: to have a celebrity fight and he's going to fight 302 00:14:33,960 --> 00:14:35,120 Speaker 5: a YouTuber he gets knocked out. 303 00:14:35,240 --> 00:14:37,640 Speaker 4: So Randall, there's the Ultimate Fighting Championship, which is the 304 00:14:37,680 --> 00:14:40,640 Speaker 4: top MMA company then there's that start, which is Professional 305 00:14:40,680 --> 00:14:45,640 Speaker 4: Fighters League PFL. Who owns these companies or who backs them? 306 00:14:45,680 --> 00:14:47,320 Speaker 4: Who are the big players involved? 307 00:14:47,600 --> 00:14:52,400 Speaker 5: Well, Endeavor owns the UFC and so they also owned 308 00:14:52,400 --> 00:14:55,560 Speaker 5: the WWE. They I think that transaction was pretty recent. 309 00:14:56,720 --> 00:15:00,840 Speaker 5: On the PFL. It's Don Davis and he's they started, 310 00:15:00,840 --> 00:15:03,720 Speaker 5: I think in twenty seventeen. So the PFL is pretty new, 311 00:15:03,840 --> 00:15:06,040 Speaker 5: but they've made a lot of ground and Ghanu is 312 00:15:06,040 --> 00:15:08,600 Speaker 5: their biggest signing by far because of the fact that 313 00:15:09,040 --> 00:15:10,920 Speaker 5: he did come from the UFC, and it wasn't like 314 00:15:11,160 --> 00:15:13,880 Speaker 5: this is a guy who lost and he's washed or anything. 315 00:15:14,120 --> 00:15:16,560 Speaker 5: He left the UFC as a champion. His last fight 316 00:15:16,720 --> 00:15:19,520 Speaker 5: was one of the UFC Dana White didn't even step 317 00:15:19,520 --> 00:15:22,440 Speaker 5: into the octagon to wrap the belt around in Ghanu's waist, 318 00:15:22,440 --> 00:15:24,960 Speaker 5: which is a big deal. That's pretty traditional. And so 319 00:15:25,680 --> 00:15:27,720 Speaker 5: the heat of negotiation that went on between in Ghanu 320 00:15:27,760 --> 00:15:30,600 Speaker 5: and the UFC resulted in Ghano hitting free agency signed 321 00:15:30,600 --> 00:15:33,160 Speaker 5: with the PFL, their biggest signing ever, and they pretty 322 00:15:33,200 --> 00:15:35,400 Speaker 5: much said like, hey, we're going to do as much 323 00:15:35,400 --> 00:15:37,800 Speaker 5: as we can to help you achieve your dreams. And 324 00:15:37,880 --> 00:15:42,560 Speaker 5: Don Davis, the pfl's I think he's the CEO there. Now, 325 00:15:43,280 --> 00:15:45,360 Speaker 5: he said that they would do another deal like this 326 00:15:45,520 --> 00:15:47,680 Speaker 5: if another in Ghanu comes along. Now, what are the 327 00:15:47,760 --> 00:15:50,560 Speaker 5: chances that there's another in Ghano? I'm not sure. But 328 00:15:50,680 --> 00:15:54,920 Speaker 5: if Israel Atasanya or Alex Peree some of these guys 329 00:15:54,920 --> 00:15:58,000 Speaker 5: in the UFC that are more popular hit Free Agency, 330 00:15:58,520 --> 00:16:00,320 Speaker 5: I could put my life on it to Don Davis 331 00:16:00,360 --> 00:16:03,120 Speaker 5: would be making a column like you want in Ghana 332 00:16:03,240 --> 00:16:04,120 Speaker 5: like contract we can make a. 333 00:16:04,320 --> 00:16:06,520 Speaker 3: Well VI for our audience. Just get give him some 334 00:16:06,560 --> 00:16:08,760 Speaker 3: color on that deal, right, didn't I mean, wasn't it 335 00:16:08,840 --> 00:16:10,480 Speaker 3: kind of like a Leo Messi deal. They gave him 336 00:16:10,480 --> 00:16:13,880 Speaker 3: a cut of the company, some league, and they guaranteed 337 00:16:13,920 --> 00:16:16,680 Speaker 3: a minimum for whoever's fighting against him of at one 338 00:16:16,680 --> 00:16:18,440 Speaker 3: point too. So I mean, like, I mean, talk to 339 00:16:18,560 --> 00:16:19,400 Speaker 3: us a little bit about that. 340 00:16:19,680 --> 00:16:22,640 Speaker 5: It's a lot about benefits. And Ghana wanted to negotiate 341 00:16:22,640 --> 00:16:25,440 Speaker 5: for benefits when he was with the UFC, something like 342 00:16:25,920 --> 00:16:27,760 Speaker 5: a cut of the sponsorship will go to the fighters. 343 00:16:27,800 --> 00:16:30,320 Speaker 5: He wanted a fighter on a uf the UFC's board 344 00:16:30,320 --> 00:16:32,600 Speaker 5: of not directors, but one of their boards there. 345 00:16:33,200 --> 00:16:33,880 Speaker 3: Uh. 346 00:16:33,920 --> 00:16:36,440 Speaker 5: And so when he went to the PFL, he gets it. 347 00:16:36,720 --> 00:16:40,040 Speaker 5: The person he's fighting against gets two million dollars. Uh, 348 00:16:40,080 --> 00:16:43,280 Speaker 5: there's he gets to be the lead of the PFL Africa, 349 00:16:43,600 --> 00:16:46,120 Speaker 5: which you know they'll they'll probably grow into. He's on 350 00:16:46,160 --> 00:16:49,480 Speaker 5: the board of directors. He has a lot of leverage there. Yeah, 351 00:16:49,920 --> 00:16:52,760 Speaker 5: and he probably his pay has probably increased there as well. Now, 352 00:16:52,800 --> 00:16:54,960 Speaker 5: the exposure is not going to be the exact same 353 00:16:55,000 --> 00:16:57,360 Speaker 5: as the UFC, but he can bring it if he 354 00:16:57,880 --> 00:17:00,720 Speaker 5: has some highlight reels. Or let's just say that another 355 00:17:01,120 --> 00:17:05,119 Speaker 5: UFC heavyweight free agent or another UFC free agent, excuse me, 356 00:17:05,160 --> 00:17:08,080 Speaker 5: another UFC fighter ends up hitting free agency, the PFL 357 00:17:08,160 --> 00:17:10,840 Speaker 5: signs them. Now the story can continue for a different promotion. 358 00:17:11,080 --> 00:17:13,200 Speaker 4: And the PFC has a lot of money at their fingertips, 359 00:17:13,280 --> 00:17:16,920 Speaker 4: right because Saudi Arabia's Sovereign Wealth Fund is an investor 360 00:17:17,000 --> 00:17:18,800 Speaker 4: in the PFL. 361 00:17:18,640 --> 00:17:22,320 Speaker 5: And the PFL has been rumored to want to buy Bellator, 362 00:17:22,400 --> 00:17:27,600 Speaker 5: which is another MMA organization, and that would definitely bridge 363 00:17:27,600 --> 00:17:29,200 Speaker 5: the gap a little bit because you get a lot 364 00:17:29,200 --> 00:17:32,119 Speaker 5: of fighters, you get an organization that has been around 365 00:17:32,160 --> 00:17:35,840 Speaker 5: a long time for a relatively new organization. So that 366 00:17:36,000 --> 00:17:38,159 Speaker 5: isn't complete. I have no sources on that that have 367 00:17:38,240 --> 00:17:40,240 Speaker 5: said like, oh, this is close or anything, but there's 368 00:17:40,280 --> 00:17:42,359 Speaker 5: been rumors. So if it happens, it helps the PFL 369 00:17:42,400 --> 00:17:42,640 Speaker 5: a lot. 370 00:17:42,680 --> 00:17:45,040 Speaker 3: Now, randalin all seriousness, why are we even talking about this? 371 00:17:45,119 --> 00:17:47,480 Speaker 3: I mean, talk to us a little bit about educate 372 00:17:47,520 --> 00:17:50,000 Speaker 3: us on what the life of your typical MMA fighter 373 00:17:50,040 --> 00:17:52,600 Speaker 3: is like. It's not all roses and sunshine now, is it. 374 00:17:53,000 --> 00:17:53,680 Speaker 1: No, not at all. 375 00:17:53,720 --> 00:17:56,199 Speaker 5: I mean we see a lot of champions get a 376 00:17:56,200 --> 00:17:58,320 Speaker 5: lot of exposure, but a lot of these guys are 377 00:17:58,320 --> 00:18:00,680 Speaker 5: fighting for thirty to forty dollars. Then they have to 378 00:18:00,720 --> 00:18:02,520 Speaker 5: go and pay their camp, they have a manager. They 379 00:18:02,720 --> 00:18:06,040 Speaker 5: like these Sometimes you can walk away with fifteen thousand dollars, 380 00:18:06,040 --> 00:18:08,080 Speaker 5: and then you have medical fees. Like imagine if you 381 00:18:08,080 --> 00:18:11,520 Speaker 5: get your nose broken and you're not insured by the UFC. 382 00:18:11,760 --> 00:18:13,959 Speaker 5: Now they'll send you to the hospital and they'll take 383 00:18:14,000 --> 00:18:15,639 Speaker 5: care of you if you're on the main card, or 384 00:18:15,640 --> 00:18:18,399 Speaker 5: sometimes if you suffer a big injury. But if you 385 00:18:18,440 --> 00:18:21,160 Speaker 5: didn't impress the boss there, then there's a big chance 386 00:18:21,200 --> 00:18:24,080 Speaker 5: that you may not get any medical college. And so 387 00:18:24,200 --> 00:18:26,680 Speaker 5: these guys a lot of times have more than one job, 388 00:18:26,720 --> 00:18:28,159 Speaker 5: and this is something they're doing on the side as 389 00:18:28,200 --> 00:18:29,080 Speaker 5: they try to work their way. 390 00:18:29,040 --> 00:18:33,480 Speaker 1: Up thirty to forty thousand dollars I'm in there getting 391 00:18:34,000 --> 00:18:36,760 Speaker 1: I'm almost said, somebody window make the show. It's like, 392 00:18:36,960 --> 00:18:39,879 Speaker 1: but that's nothing compared to what the top level is. 393 00:18:39,920 --> 00:18:41,679 Speaker 1: I know we're running out of time, but I mean, 394 00:18:41,920 --> 00:18:43,760 Speaker 1: what can be done to help equalize. 395 00:18:44,240 --> 00:18:46,800 Speaker 5: Well, it's something that everybody's been talking about for a 396 00:18:46,920 --> 00:18:48,720 Speaker 5: number of years, which is a union, whether it be 397 00:18:48,800 --> 00:18:51,040 Speaker 5: in boxing or to be in MMA. A union could 398 00:18:51,080 --> 00:18:54,520 Speaker 5: definitely help these fighters bargain. But when you have guys 399 00:18:54,560 --> 00:18:56,440 Speaker 5: like Tyson Fury and some of the top fighters who 400 00:18:56,440 --> 00:18:59,440 Speaker 5: are making hundreds of millions of dollars, why at what 401 00:18:59,600 --> 00:19:01,320 Speaker 5: point do they come down from their mountain and be like, 402 00:19:01,400 --> 00:19:03,080 Speaker 5: I want to help out the little guy. Well, they've 403 00:19:03,160 --> 00:19:07,400 Speaker 5: been away from that lower ground for so long, maybe 404 00:19:07,440 --> 00:19:10,320 Speaker 5: they don't feel like it. And in MMA it's it's similar. 405 00:19:10,440 --> 00:19:13,320 Speaker 5: Like I can't imagine Connor McGregor and all of his 406 00:19:13,400 --> 00:19:15,520 Speaker 5: successful fights with the UFC. I don't remember the last 407 00:19:15,520 --> 00:19:17,040 Speaker 5: time he had a pay per view that didn't sell 408 00:19:17,119 --> 00:19:20,399 Speaker 5: a million buys him coming down and like, you know 409 00:19:20,480 --> 00:19:23,119 Speaker 5: what I want to put on for whoever's back there 410 00:19:23,160 --> 00:19:25,080 Speaker 5: in island that's twenty two years old, so that he 411 00:19:25,160 --> 00:19:27,679 Speaker 5: can get a little bit more money. I think it's advice. Yeah, 412 00:19:27,880 --> 00:19:30,000 Speaker 5: his advice would just be like go win, and so 413 00:19:30,840 --> 00:19:32,760 Speaker 5: who knows if it happens? And Ghan who doesn't think 414 00:19:32,800 --> 00:19:33,080 Speaker 5: it will? 415 00:19:33,480 --> 00:19:36,160 Speaker 1: Bloomberg Sports reporter Randon Williams, you are the man. Thank 416 00:19:36,200 --> 00:19:37,560 Speaker 1: you so much, Man for Joints. Thank you all for 417 00:19:37,600 --> 00:19:39,920 Speaker 1: having me as usual. Up next on the show, It's 418 00:19:40,040 --> 00:19:44,560 Speaker 1: about that time. Harold Reynolds from the MLB Network joins 419 00:19:44,640 --> 00:19:47,560 Speaker 1: us to talk about the ongoing fall classic at It 420 00:19:47,600 --> 00:19:50,040 Speaker 1: straight Ahead on Bloomberg Business of Sports. I'm Michael Varn 421 00:19:50,080 --> 00:20:00,200 Speaker 1: with Skirla Fou and Damien Satasaur. This is Bloomberg's. 422 00:19:56,800 --> 00:19:59,960 Speaker 3: Bloomberg Business of Sports from Bloomberg Radio. 423 00:20:01,200 --> 00:20:03,880 Speaker 1: Thanks for joining us on the Bloomberg Business of Sports show. 424 00:20:03,880 --> 00:20:05,840 Speaker 1: Will we explored the big money issues in the world 425 00:20:05,880 --> 00:20:06,320 Speaker 1: of sports. 426 00:20:06,400 --> 00:20:09,240 Speaker 3: I'm Michael Barr, I'm Scarlett Filth and I'm Demion sas Hour. 427 00:20:09,320 --> 00:20:14,840 Speaker 1: Oh you see what happened the Arizona Diamondbacks battling the 428 00:20:14,920 --> 00:20:19,719 Speaker 1: Texas Rangers in the World Series. If you're a betting man, uh, 429 00:20:19,920 --> 00:20:24,800 Speaker 1: you probably had Houston against the Phillies. That didn't happen. 430 00:20:24,960 --> 00:20:27,680 Speaker 1: For an inside look at the series and what we 431 00:20:27,800 --> 00:20:31,520 Speaker 1: can expect in baseball's offseason. We're joined now by Harold 432 00:20:31,640 --> 00:20:36,040 Speaker 1: Reynolds of the MLB Network. Harold, thank you so much, 433 00:20:36,119 --> 00:20:38,800 Speaker 1: mister Reynolds for joining us on the Bloomberg Business of sports. 434 00:20:38,840 --> 00:20:41,639 Speaker 2: Sir ed, thank you for having me. Appreciate it, And 435 00:20:41,760 --> 00:20:45,040 Speaker 2: I'm with you. I thought I'd be sitting in the 436 00:20:45,080 --> 00:20:48,760 Speaker 2: Houston or in Philly for sure, if a Philly without 437 00:20:48,760 --> 00:20:52,440 Speaker 2: the home field advantage, instead sitting in Dallas. 438 00:20:52,920 --> 00:20:56,520 Speaker 1: Yeah. Well, I'm going to start with the obvious question 439 00:20:56,960 --> 00:21:01,200 Speaker 1: is that you know where do you see both teams 440 00:21:01,280 --> 00:21:04,080 Speaker 1: that got knocked out of the playoffs. I mean, do 441 00:21:04,160 --> 00:21:07,359 Speaker 1: you see, especially Houston, are they going to revamp there 442 00:21:07,520 --> 00:21:12,280 Speaker 1: they're pitching or the bullpen or starters? What's going to happen? 443 00:21:12,480 --> 00:21:16,560 Speaker 2: Well, Houston's incally there in the crossroad. Clearly most of 444 00:21:16,560 --> 00:21:20,480 Speaker 2: the reports came out Dusty Baker was stepping down. So 445 00:21:20,720 --> 00:21:24,320 Speaker 2: that's that's a big deal. You know, Dusty took over 446 00:21:24,400 --> 00:21:26,320 Speaker 2: that team in the middle of a mess. You know, 447 00:21:26,440 --> 00:21:30,280 Speaker 2: he's come out of the scandal. You know, it was 448 00:21:30,400 --> 00:21:33,040 Speaker 2: hard to get the players to even want to come 449 00:21:33,119 --> 00:21:36,320 Speaker 2: out onto the field. Remember they skipped they got voted 450 00:21:36,320 --> 00:21:38,600 Speaker 2: into All Star Games and didn't go because they were 451 00:21:38,680 --> 00:21:41,639 Speaker 2: being booed so poorly that Al Tube hasn't been to 452 00:21:41,720 --> 00:21:43,680 Speaker 2: an All Star Game in a long time because of 453 00:21:43,760 --> 00:21:48,760 Speaker 2: that whole scandal. So Dusty inherited quite the problem and 454 00:21:48,920 --> 00:21:51,639 Speaker 2: he was able to write that ship. They have some 455 00:21:52,040 --> 00:21:55,280 Speaker 2: terrific players and get it going. I think Dana Brown, 456 00:21:55,600 --> 00:21:58,879 Speaker 2: the new general manager, will make this very similar to 457 00:22:00,040 --> 00:22:03,399 Speaker 2: when it is with Atlanta and locking young players up 458 00:22:03,520 --> 00:22:07,480 Speaker 2: moving forward. So I think we'll still see Houston winning games. 459 00:22:07,520 --> 00:22:12,359 Speaker 2: We'll see the foundation with Bregman and Al Tuvey, but 460 00:22:12,520 --> 00:22:14,240 Speaker 2: I think we're gonna see a lot of these other 461 00:22:14,440 --> 00:22:17,320 Speaker 2: younger players start to get locked up long term when 462 00:22:17,359 --> 00:22:20,920 Speaker 2: they come up and performed like Panya has done. No 463 00:22:21,080 --> 00:22:22,920 Speaker 2: Tucker's a free agent in the year and a half, 464 00:22:23,000 --> 00:22:25,320 Speaker 2: so they got to make that decision, you know. So 465 00:22:25,480 --> 00:22:26,879 Speaker 2: those are the type of things they got to do. 466 00:22:27,200 --> 00:22:29,320 Speaker 1: I'm not gonna lie. It scared me from using metal 467 00:22:29,400 --> 00:22:33,159 Speaker 1: garbage cans after. You'll just look it up, folks, just 468 00:22:33,200 --> 00:22:35,359 Speaker 1: look it up. I'm sorry. Well, you know, Michael. 469 00:22:35,400 --> 00:22:37,359 Speaker 3: One name that we haven't really been talking about, and 470 00:22:37,560 --> 00:22:39,000 Speaker 3: I don't know how we can't talk about him in 471 00:22:39,040 --> 00:22:42,119 Speaker 3: this series Major League Baseball Playoffs is Adulas Garcia I mean, 472 00:22:42,200 --> 00:22:43,840 Speaker 3: this man is hitting at a record pace. I mean 473 00:22:43,920 --> 00:22:46,480 Speaker 3: before the World Series even began, he had twenty RBIs, 474 00:22:46,480 --> 00:22:49,480 Speaker 3: which I think was a record in terms of playoff RBIs. 475 00:22:49,560 --> 00:22:51,920 Speaker 3: You know, going into the World Series, I mean, you know, Harold, 476 00:22:51,960 --> 00:22:53,920 Speaker 3: talk to us about this talent that's bubbling to the 477 00:22:54,000 --> 00:22:57,240 Speaker 3: surface here. What's the other standout performers kind of catch 478 00:22:57,280 --> 00:22:57,640 Speaker 3: your eye? 479 00:22:58,359 --> 00:23:03,560 Speaker 2: Well, I mean Garcia is amazing. You think about him, 480 00:23:03,760 --> 00:23:06,680 Speaker 2: You think about Randy Rosarrange. There were roommates and the 481 00:23:06,800 --> 00:23:10,439 Speaker 2: Cardinals systems. Cardinals have them boat. You know. It reminds 482 00:23:10,480 --> 00:23:12,359 Speaker 2: me of the old stories of Willie Mays and Berta 483 00:23:12,400 --> 00:23:15,280 Speaker 2: Clemente that the Giants could have had all them, you know. 484 00:23:17,280 --> 00:23:17,800 Speaker 4: So, but. 485 00:23:19,560 --> 00:23:22,159 Speaker 2: I think some of the great young talents. I just 486 00:23:22,320 --> 00:23:26,760 Speaker 2: love d La Cruz in Cincinnati. He's gonna be a 487 00:23:26,840 --> 00:23:27,879 Speaker 2: phenomenal player. 488 00:23:28,560 --> 00:23:28,679 Speaker 4: Uh. 489 00:23:29,119 --> 00:23:31,520 Speaker 2: Forbyn Carroll who's playing right now in the World Series 490 00:23:31,600 --> 00:23:34,960 Speaker 2: for Arizona. The game is I can go on and 491 00:23:35,200 --> 00:23:38,640 Speaker 2: on because the game is so young and the talent 492 00:23:38,760 --> 00:23:42,040 Speaker 2: is so plentiful. So I think we've turned the corner 493 00:23:42,760 --> 00:23:46,960 Speaker 2: to you and really fleshing out. If you're thirty five, 494 00:23:47,200 --> 00:23:50,200 Speaker 2: you're pretty much gone, you know, at this point in time. 495 00:23:50,600 --> 00:23:54,200 Speaker 2: It is my younger guys, your younger guys, you know. 496 00:23:54,280 --> 00:23:56,040 Speaker 3: Howard, One other thing I just got to ask you quickly. 497 00:23:56,080 --> 00:23:59,320 Speaker 3: I mean, what is up with all these road wins? 498 00:23:59,400 --> 00:23:59,560 Speaker 2: Man? 499 00:23:59,680 --> 00:24:01,920 Speaker 3: I mean the road team won every game of the 500 00:24:02,000 --> 00:24:05,000 Speaker 3: American League Championship Series, man, and now Ari beat You know, 501 00:24:05,040 --> 00:24:06,840 Speaker 3: they'd be Philadelphia on the road in that Battle of 502 00:24:06,880 --> 00:24:10,080 Speaker 3: the Wide Wild Cards. I mean, what what's going on here? 503 00:24:10,119 --> 00:24:11,879 Speaker 3: I mean, why are teams spending so much money on 504 00:24:11,880 --> 00:24:14,240 Speaker 3: their stadiums if they've got the home field advantage? 505 00:24:15,960 --> 00:24:19,920 Speaker 2: Well, I'm with you with that. There's really not any 506 00:24:20,560 --> 00:24:23,640 Speaker 2: like true home field advantages anymore. In my mind. When 507 00:24:23,680 --> 00:24:27,159 Speaker 2: you got rid of the astro turf or like in 508 00:24:27,240 --> 00:24:28,960 Speaker 2: the Metro Dold and they had the white roof, you 509 00:24:29,040 --> 00:24:30,680 Speaker 2: go in there. Every time you hit a fly ball, 510 00:24:31,240 --> 00:24:34,240 Speaker 2: the other team couldn't see it. You know. Tampa was 511 00:24:34,320 --> 00:24:37,600 Speaker 2: really to me the only true Like we got a 512 00:24:37,720 --> 00:24:40,600 Speaker 2: ring up there. Who plays with the ring, you know, 513 00:24:41,160 --> 00:24:43,479 Speaker 2: and the ball fit up there and it might hit 514 00:24:43,560 --> 00:24:45,959 Speaker 2: the ring and the players don't know, and Rick se 515 00:24:46,080 --> 00:24:48,800 Speaker 2: is off you can catch it. I remember playing in 516 00:24:48,920 --> 00:24:53,280 Speaker 2: Seattle in the Kingdome, and we knew that if the 517 00:24:53,400 --> 00:24:56,440 Speaker 2: ball hit the speakers. It was still live, you know. 518 00:24:56,560 --> 00:24:58,159 Speaker 2: So there'd be a ball hit down the line and 519 00:24:58,280 --> 00:25:00,840 Speaker 2: hit the speaker and I'd be on a full sprint 520 00:25:00,920 --> 00:25:03,960 Speaker 2: and diving in South Territory and the other team would 521 00:25:03,960 --> 00:25:06,119 Speaker 2: looked me like I was crazy, and I'd catch it 522 00:25:06,160 --> 00:25:10,399 Speaker 2: and maybe out and they go what So that's the 523 00:25:10,440 --> 00:25:14,280 Speaker 2: home till advantage. But today we have great ballparks. I 524 00:25:14,440 --> 00:25:17,639 Speaker 2: love them. They're different, but there's not really like I 525 00:25:17,800 --> 00:25:21,359 Speaker 2: walk in and as a visiting player and there's something 526 00:25:21,440 --> 00:25:24,320 Speaker 2: that the home team doesn't know that I may not know. Harold. 527 00:25:24,640 --> 00:25:28,280 Speaker 4: Is MLB happy with the matchup of Rangers versus Diamondbacks 528 00:25:28,359 --> 00:25:31,000 Speaker 4: or would they have preferred let's say the Dodgers make 529 00:25:31,040 --> 00:25:33,040 Speaker 4: it all the way. I mean not just MLB, the 530 00:25:33,119 --> 00:25:36,040 Speaker 4: sponsors and the advertisers as well, because you would think 531 00:25:36,080 --> 00:25:38,280 Speaker 4: one of the big market teams that spent a lot 532 00:25:38,359 --> 00:25:42,520 Speaker 4: of money should be in the World Series, especially after 533 00:25:42,560 --> 00:25:44,959 Speaker 4: a season in which MLB had a renaissance. 534 00:25:46,960 --> 00:25:51,320 Speaker 1: Hard Yeah, see, I didn't want to ask that with me. 535 00:25:52,520 --> 00:25:53,440 Speaker 1: That's what I'm saying. 536 00:25:53,600 --> 00:26:03,640 Speaker 2: Man, I forget Charlotte's Web, that's Scarlets Web. No. I mean, obviously, look, 537 00:26:03,840 --> 00:26:06,880 Speaker 2: everybody would like the big markets you know. That's that's 538 00:26:07,080 --> 00:26:10,880 Speaker 2: that's the obvious, and yeah, even MLB, but I think 539 00:26:11,080 --> 00:26:13,200 Speaker 2: what's happening. You got two teams that have never won, 540 00:26:13,720 --> 00:26:17,360 Speaker 2: have Arizona one and one and the Rangers have never won, 541 00:26:17,880 --> 00:26:20,359 Speaker 2: you know, so I think they look at it like, 542 00:26:20,640 --> 00:26:23,960 Speaker 2: all right, the new blood is coming and coming out 543 00:26:24,040 --> 00:26:27,840 Speaker 2: of the CBA, the big lockout and the fight that 544 00:26:28,119 --> 00:26:30,840 Speaker 2: was stirred up. A lot of it had to do 545 00:26:31,040 --> 00:26:33,840 Speaker 2: the reason we're in today with two teams that everybody 546 00:26:33,840 --> 00:26:36,840 Speaker 2: didn't know about. It freed up the money across the board. 547 00:26:37,320 --> 00:26:40,960 Speaker 2: That you have two teams last year had losing records 548 00:26:41,480 --> 00:26:44,120 Speaker 2: and now they're in the World Series. So I think 549 00:26:44,280 --> 00:26:47,200 Speaker 2: if you asked Rob Manford, he would say that's parody 550 00:26:47,280 --> 00:26:49,800 Speaker 2: at its best, and this is what we want for 551 00:26:49,920 --> 00:26:52,639 Speaker 2: our sports. Baseball is one of the only sports that 552 00:26:52,760 --> 00:26:55,880 Speaker 2: has not had a repeat since Derek Jeters Yankees way 553 00:26:55,920 --> 00:26:59,200 Speaker 2: back in ninety eight, you know, So that's good for 554 00:26:59,560 --> 00:27:04,240 Speaker 2: the sport. As a big conglomerate, I want the big 555 00:27:04,359 --> 00:27:07,480 Speaker 2: New York teams and the sponsors there. I think we 556 00:27:07,600 --> 00:27:10,920 Speaker 2: live in a different world now with because with the 557 00:27:11,040 --> 00:27:14,200 Speaker 2: Internet and the way people reach people through social media 558 00:27:14,920 --> 00:27:18,280 Speaker 2: kind of changed everything. I mean, we've got Taylor Swift 559 00:27:18,359 --> 00:27:22,480 Speaker 2: going to football games in Kansas City, you know, and 560 00:27:22,640 --> 00:27:26,760 Speaker 2: everybody follows that. Yeah, the Papa Rozi and Kansas City, y'all. 561 00:27:27,359 --> 00:27:28,440 Speaker 2: You know, who would have thought that? 562 00:27:28,640 --> 00:27:29,480 Speaker 3: Who would have thought that? 563 00:27:30,119 --> 00:27:33,479 Speaker 4: Is it possible to build a dynasty in this new world? Then, 564 00:27:34,080 --> 00:27:36,600 Speaker 4: with the CBA the way it's constructed. 565 00:27:36,640 --> 00:27:38,159 Speaker 2: I think it is. I think you look at the 566 00:27:38,160 --> 00:27:42,040 Speaker 2: Atlanta Braves and if you can lock your young guys up. 567 00:27:42,760 --> 00:27:47,000 Speaker 2: But the challenge is not necessarily the teams as much 568 00:27:47,000 --> 00:27:51,240 Speaker 2: as it is the player, because the player can sit 569 00:27:51,320 --> 00:27:53,200 Speaker 2: there now and go, man, I got a chance to 570 00:27:53,240 --> 00:27:56,640 Speaker 2: make three hundred million, or do I have a team 571 00:27:56,720 --> 00:27:58,320 Speaker 2: come to me when I'm twenty three years old and 572 00:27:58,359 --> 00:28:00,639 Speaker 2: say here's one hundred and fifty I want to gamble 573 00:28:00,640 --> 00:28:04,520 Speaker 2: on one hundred and fifty million. Hopefully we're getting players going. 574 00:28:04,560 --> 00:28:07,320 Speaker 2: I'm getting paid younger, I'm getting more money younger. I 575 00:28:07,440 --> 00:28:08,119 Speaker 2: want to stay here. 576 00:28:08,440 --> 00:28:10,680 Speaker 3: You talk about locking up these young guys, right, and 577 00:28:10,960 --> 00:28:13,320 Speaker 3: you know, it looks like Craig Breslow is heading back 578 00:28:13,359 --> 00:28:15,720 Speaker 3: to the Boston Red Sox. And if you remember Craig 579 00:28:16,080 --> 00:28:18,240 Speaker 3: go old. Craig was hired by theo Epstein in Chicago, 580 00:28:18,359 --> 00:28:22,240 Speaker 3: to develop that cub's farm system, to develop that pitching staff, right, 581 00:28:22,400 --> 00:28:24,920 Speaker 3: and now he's coming to the Boston Red Sox. And 582 00:28:25,000 --> 00:28:27,400 Speaker 3: you know, I'm thinking about you know, Scarlett, I'm thinking 583 00:28:27,400 --> 00:28:29,440 Speaker 3: about my friends over in Queens. I'm thinking about the 584 00:28:29,480 --> 00:28:31,720 Speaker 3: New York Mets and Buck Shawalter looks like he's headed 585 00:28:31,760 --> 00:28:34,320 Speaker 3: to the Angels. I mean, what comes next for the Mets, 586 00:28:34,400 --> 00:28:36,200 Speaker 3: you know, like what comes next for the Red Sox, 587 00:28:36,280 --> 00:28:38,080 Speaker 3: for the Mets, and you know, you know who's going 588 00:28:38,120 --> 00:28:39,360 Speaker 3: to be leading these organizations. 589 00:28:39,680 --> 00:28:44,400 Speaker 2: Well, I mean, obviously the Red Sox. I love Craig Greslow. 590 00:28:45,720 --> 00:28:48,160 Speaker 2: They need to get some stability. They've got a ton 591 00:28:48,320 --> 00:28:50,680 Speaker 2: of young talent coming in that organization. I've got a 592 00:28:50,800 --> 00:28:54,520 Speaker 2: chance too. I managed the Futures Game last summer, so 593 00:28:54,680 --> 00:28:56,240 Speaker 2: I got a chance to see quite a few of them. 594 00:28:56,800 --> 00:28:59,000 Speaker 2: They got a lot of talent coming. So it'll be 595 00:28:59,040 --> 00:29:04,880 Speaker 2: interesting to see the Mets. You know, David Stearns, when 596 00:29:06,440 --> 00:29:10,360 Speaker 2: Andrew Friedman went to the Dodgers and he took over 597 00:29:10,480 --> 00:29:12,760 Speaker 2: coming over from Tampa who had the lowest pay roll, 598 00:29:12,840 --> 00:29:15,000 Speaker 2: and he'd gone to the World Series and he developed 599 00:29:15,040 --> 00:29:18,600 Speaker 2: this great run that Tampa is still on. And I 600 00:29:18,720 --> 00:29:20,680 Speaker 2: said when he went to the Dodgers. Man, that's like 601 00:29:21,360 --> 00:29:24,880 Speaker 2: Tampa on steroids. Now you know where he's going to 602 00:29:24,960 --> 00:29:26,920 Speaker 2: have the funding to be able to really do the 603 00:29:27,000 --> 00:29:28,920 Speaker 2: things he's done. Well, what he's done in La is 604 00:29:29,000 --> 00:29:32,600 Speaker 2: he's been in the postseason every season. I think we'll 605 00:29:32,600 --> 00:29:34,120 Speaker 2: see a run like that with the Mets. 606 00:29:34,200 --> 00:29:37,400 Speaker 1: Now, I know somebody who has a crush on sho 607 00:29:37,480 --> 00:29:40,920 Speaker 1: Heyo Tani, and let's put it. Let's put it this way. 608 00:29:41,720 --> 00:29:45,680 Speaker 1: It's three of us in the room and just pick one. 609 00:29:45,840 --> 00:29:48,840 Speaker 1: So Scarlett, I know you like showing. 610 00:29:49,360 --> 00:29:49,479 Speaker 2: Well. 611 00:29:49,560 --> 00:29:52,240 Speaker 4: I saw him when they played the Mets and he 612 00:29:52,360 --> 00:29:53,760 Speaker 4: pitched the game. He was incredible. 613 00:29:54,000 --> 00:29:54,640 Speaker 3: Just overall. 614 00:29:55,240 --> 00:29:56,960 Speaker 4: Did he not pitch that game? He didn't pitch that game. 615 00:29:56,960 --> 00:29:57,400 Speaker 6: He just hit. 616 00:29:57,680 --> 00:30:00,160 Speaker 4: But every time he went up to bat, everyone at 617 00:30:00,200 --> 00:30:02,320 Speaker 4: the stadium cheered. Whether you're a Mets fan or an 618 00:30:02,320 --> 00:30:05,920 Speaker 4: Angels fan, it was pretty remarkable. Harold Shohio Tani got 619 00:30:05,960 --> 00:30:10,040 Speaker 4: his Hommy John surgery. Of course, his contract expired after 620 00:30:10,160 --> 00:30:12,360 Speaker 4: this year, so the big question is where is he 621 00:30:12,400 --> 00:30:15,560 Speaker 4: going to end up? Does the surgery reduce his value 622 00:30:15,600 --> 00:30:16,080 Speaker 4: in any way? 623 00:30:16,520 --> 00:30:19,200 Speaker 2: Well, first of all, I thought the intro was talking 624 00:30:19,200 --> 00:30:24,040 Speaker 2: about me. I thought I was gonna be the one 625 00:30:24,120 --> 00:30:29,600 Speaker 2: getting called out. I've never seen anything like this guy. 626 00:30:30,160 --> 00:30:34,480 Speaker 2: I mean, look, I played with Griffy. I've been around 627 00:30:34,560 --> 00:30:37,040 Speaker 2: some of the greatest players and watch them, got to 628 00:30:37,160 --> 00:30:39,800 Speaker 2: know him, friends with him. I'd go to the Hall 629 00:30:39,840 --> 00:30:41,520 Speaker 2: of Fame and I'm sitting there going I played the 630 00:30:41,640 --> 00:30:44,200 Speaker 2: fat guy, that guy that got fifty some Hall of Famers, 631 00:30:45,040 --> 00:30:49,560 Speaker 2: And there's nothing like shoe Hail Tommy. I mean the 632 00:30:49,720 --> 00:30:52,400 Speaker 2: first thing that people at home you have to go 633 00:30:52,520 --> 00:30:55,280 Speaker 2: in first till like Scarlett did, because you don't realize 634 00:30:55,320 --> 00:31:02,960 Speaker 2: how big he is. Dude at six five. Yeah, he's 635 00:31:03,080 --> 00:31:07,440 Speaker 2: got charm, He's got it all, and I don't think 636 00:31:07,560 --> 00:31:11,720 Speaker 2: the surgery sets him back because we're talking about a 637 00:31:11,920 --> 00:31:17,200 Speaker 2: megastar that crosses and transcends over. I mean, he's big 638 00:31:17,280 --> 00:31:20,000 Speaker 2: here in our country. He can't go anywhere in Japan. 639 00:31:20,600 --> 00:31:23,320 Speaker 2: So now I know the minute I sign him, I 640 00:31:23,440 --> 00:31:28,520 Speaker 2: bring that whole country with me. Everywhere he goes, every 641 00:31:28,600 --> 00:31:32,400 Speaker 2: game he plays is on TV there. Every thing he does, 642 00:31:32,560 --> 00:31:35,880 Speaker 2: they sell out. It's the most selling uniform, more than 643 00:31:36,600 --> 00:31:40,440 Speaker 2: even their own Japanese League teams. People buy a tiny stuff. 644 00:31:40,960 --> 00:31:44,280 Speaker 2: So regardless of if I get him back to pitch 645 00:31:44,440 --> 00:31:47,400 Speaker 2: next year or the year after. I'm still making the 646 00:31:47,520 --> 00:31:51,160 Speaker 2: money I've invested because he is an attraction that we've 647 00:31:51,280 --> 00:31:53,640 Speaker 2: never seen. So I don't think it hurts him in 648 00:31:53,720 --> 00:31:57,120 Speaker 2: that sense being able to pitch. I'm going to miss 649 00:31:57,200 --> 00:31:59,440 Speaker 2: that of him, but he'll be back in a year. 650 00:32:00,040 --> 00:32:03,480 Speaker 2: But he's gonna hit. So before I continue on, but 651 00:32:03,920 --> 00:32:06,600 Speaker 2: just imagine if you're that player and you go, hey, 652 00:32:06,640 --> 00:32:08,560 Speaker 2: you know what, I'm not pitching this year? Oh, is 653 00:32:08,560 --> 00:32:10,880 Speaker 2: he's still valuable? Well, he led the league in homers. 654 00:32:11,120 --> 00:32:14,800 Speaker 2: Oh okay, you know he's the fastest guy in the field. 655 00:32:15,000 --> 00:32:20,680 Speaker 2: Oh wow, Okay. He's so dynamic that we stopped talking 656 00:32:20,800 --> 00:32:21,920 Speaker 2: about Mike Trout. 657 00:32:22,960 --> 00:32:26,600 Speaker 1: Okay, that's that's doing something. You're right, you know, I 658 00:32:26,680 --> 00:32:28,800 Speaker 1: didn't think of it that way, but you're exactly right 659 00:32:29,160 --> 00:32:32,320 Speaker 1: with shoe Hay. Out there on the field is Mike 660 00:32:32,440 --> 00:32:36,560 Speaker 1: who is And it's really is amazing, man, Harold, to 661 00:32:36,640 --> 00:32:39,480 Speaker 1: think about that, that's how dynamic this player is. 662 00:32:40,200 --> 00:32:43,960 Speaker 2: Yes, I mean, Mike Trout is the greatest player in 663 00:32:44,080 --> 00:32:48,240 Speaker 2: this generation. And for three years always talk about is 664 00:32:48,320 --> 00:32:49,880 Speaker 2: show hal tany Harold? 665 00:32:50,280 --> 00:32:52,280 Speaker 1: You know you can come back anytime you want, you 666 00:32:52,360 --> 00:32:55,280 Speaker 1: know who Harold Reynolds reminds me of now with the 667 00:32:55,680 --> 00:32:58,640 Speaker 1: dominant with the MLB network reminds me of Pat Summer 668 00:32:58,720 --> 00:33:03,000 Speaker 1: on the young'ins for get how great you were on 669 00:33:03,120 --> 00:33:05,680 Speaker 1: the field, and they forget how great Pat Summer all 670 00:33:05,840 --> 00:33:08,400 Speaker 1: was on the field. And for that matter, Frank Gifford 671 00:33:08,480 --> 00:33:11,360 Speaker 1: when he was in the booth, how great he see 672 00:33:12,120 --> 00:33:15,120 Speaker 1: we got to school to youngins. Man, I'm trying to 673 00:33:15,160 --> 00:33:18,000 Speaker 1: do my best, Harold, Thank you, man, you're two guind 674 00:33:18,720 --> 00:33:21,280 Speaker 1: MLB networkend. Oh man, oh. 675 00:33:21,280 --> 00:33:24,360 Speaker 2: Guys, thank you. And I know you watched Warren spawn 676 00:33:24,480 --> 00:33:25,640 Speaker 2: Pits too. Right now. 677 00:33:29,880 --> 00:33:32,240 Speaker 1: You're the man that does it for us today. I'm 678 00:33:32,240 --> 00:33:34,560 Speaker 1: Michael Barr. Find me on X at Big Bar. 679 00:33:34,600 --> 00:33:37,200 Speaker 4: Sports and I'm on X at Scarlet Fool. 680 00:33:37,240 --> 00:33:39,240 Speaker 3: Friend, I'm on X at d Sasaur. 681 00:33:39,360 --> 00:33:41,600 Speaker 1: Thank you very much for joining us. Tune in again 682 00:33:41,680 --> 00:33:44,080 Speaker 1: next week for the latest on the stories moving big 683 00:33:44,160 --> 00:33:46,240 Speaker 1: old money in the world of sports. You're listening to 684 00:33:46,280 --> 00:33:49,920 Speaker 1: Bloomberg Business of Sports Bloomberg Radio around the world.