1 00:00:00,520 --> 00:00:03,920 Speaker 1: This is Bloomberg Business of Sports talk about some of 2 00:00:03,920 --> 00:00:06,680 Speaker 1: the more interesting aspects of business of sports. So there's 3 00:00:06,680 --> 00:00:08,720 Speaker 1: all kinds of cool questions. So this is a fun 4 00:00:08,840 --> 00:00:12,000 Speaker 1: topic to the country is finally getting the memo about 5 00:00:12,000 --> 00:00:14,040 Speaker 1: how amazing the sport is. I think the sky's a 6 00:00:14,080 --> 00:00:16,480 Speaker 1: limit for MLS. We're spending more and more of our 7 00:00:16,520 --> 00:00:19,759 Speaker 1: time in a digital world, and it's also becoming a 8 00:00:19,800 --> 00:00:23,000 Speaker 1: really powerful place for commerce. It is so nice to 9 00:00:23,000 --> 00:00:24,720 Speaker 1: be back and to be able to have fans back 10 00:00:24,720 --> 00:00:27,080 Speaker 1: in the building. So despite the chaotic schedule, and this 11 00:00:27,200 --> 00:00:29,080 Speaker 1: is why we do what we do, when you get 12 00:00:29,120 --> 00:00:31,640 Speaker 1: into the playoffs, there's nothing better at the player, in 13 00:00:31,720 --> 00:00:35,440 Speaker 1: the excitement, and it's also for the organization sponsors involved. 14 00:00:35,479 --> 00:00:39,400 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. This is the 15 00:00:39,400 --> 00:00:42,320 Speaker 1: Bloomberg Business of Sports show, but we explore the big 16 00:00:42,360 --> 00:00:45,080 Speaker 1: money issues in the world of sports. I'm Michael barn 17 00:00:45,320 --> 00:00:48,000 Speaker 1: I'm Scarlett Boo, you know Mike Lynch. Coming up today, 18 00:00:48,120 --> 00:00:51,000 Speaker 1: the new Saundy Back Pro Golf League and potential PGA 19 00:00:51,120 --> 00:00:54,560 Speaker 1: Tour Arrival is looking for broadcast partners and the streaming 20 00:00:54,600 --> 00:00:58,080 Speaker 1: world is interested. Plus fallout from Russia's war in Ukraine 21 00:00:58,400 --> 00:01:01,760 Speaker 1: the future for Chelsea's football club after the UK froze 22 00:01:01,800 --> 00:01:04,880 Speaker 1: the assets of on the Roman Abramovich at is straight 23 00:01:04,880 --> 00:01:07,880 Speaker 1: Ahead on the Bloomberg Business of Sports Show. But first, 24 00:01:08,400 --> 00:01:11,160 Speaker 1: let's look at some of the other top stories of 25 00:01:11,240 --> 00:01:15,679 Speaker 1: the week, beginning with March madness. It is upon us, 26 00:01:15,840 --> 00:01:20,039 Speaker 1: It is here, and excitement and opportunity is the word 27 00:01:20,080 --> 00:01:23,959 Speaker 1: among college coaches and athletes. Were all very excited to 28 00:01:23,959 --> 00:01:26,360 Speaker 1: be here. It's kind of like a new level of excitement. 29 00:01:26,600 --> 00:01:29,200 Speaker 1: I'm excited about our team and this opportunity. I think 30 00:01:29,200 --> 00:01:31,200 Speaker 1: our guys are ready. They've been they've been ready. I'm 31 00:01:31,200 --> 00:01:34,000 Speaker 1: sure most teams have been ready. Everything is to prepare 32 00:01:34,080 --> 00:01:37,759 Speaker 1: us for this moment. This is March madness. It's hard 33 00:01:38,440 --> 00:01:42,080 Speaker 1: not to be excited about it. Uh And to give 34 00:01:42,080 --> 00:01:46,280 Speaker 1: you an idea, uh Scar on what happens. There is 35 00:01:46,280 --> 00:01:50,240 Speaker 1: a study that's out about work productivity down the drain, 36 00:01:50,440 --> 00:01:55,200 Speaker 1: and yeah, it kind of does because listen, it's a 37 00:01:55,280 --> 00:01:57,840 Speaker 1: lot of people are out there and they're saying that, 38 00:01:58,320 --> 00:02:02,320 Speaker 1: you know, about a quarter of the workplaces have already 39 00:02:02,440 --> 00:02:06,440 Speaker 1: sent out in this survey that they have already said, 40 00:02:06,600 --> 00:02:09,320 Speaker 1: you know, the bosses have said, you know, the Mr 41 00:02:09,400 --> 00:02:14,480 Speaker 1: slates out there that you will not use this computer 42 00:02:14,800 --> 00:02:20,240 Speaker 1: for anything outside of company use. So now you not. 43 00:02:20,520 --> 00:02:24,920 Speaker 1: But the other thing about it is that, uh, the 44 00:02:25,000 --> 00:02:28,880 Speaker 1: survey also says it's about seven workers that seventy of 45 00:02:28,880 --> 00:02:32,840 Speaker 1: employees said that easing restrictions on non work related media 46 00:02:32,919 --> 00:02:36,040 Speaker 1: could change their view of the organization for the better 47 00:02:36,120 --> 00:02:39,200 Speaker 1: because maybe they wouldn't leave scar maybe they would leave. 48 00:02:39,240 --> 00:02:42,359 Speaker 1: I mean, talent retention is a big, big, big concern 49 00:02:42,520 --> 00:02:44,680 Speaker 1: for all the companies out there. You've got a tight 50 00:02:44,760 --> 00:02:49,440 Speaker 1: labor market, um, people are quitting. There's this great resignation 51 00:02:49,520 --> 00:02:53,520 Speaker 1: going on. If you believe the headlines and the idea 52 00:02:53,600 --> 00:02:57,519 Speaker 1: that workers can kind of make some demands of their own, 53 00:02:57,720 --> 00:03:00,400 Speaker 1: I would find I would think that maybe you should 54 00:03:00,440 --> 00:03:04,320 Speaker 1: let people do March Madness pools and just mandate that 55 00:03:04,400 --> 00:03:06,640 Speaker 1: you do it in the office, or make it enticing 56 00:03:06,680 --> 00:03:09,239 Speaker 1: for people to come into the office, um and hold 57 00:03:09,280 --> 00:03:11,960 Speaker 1: some March Madness parties. Because if you want people back 58 00:03:11,960 --> 00:03:14,560 Speaker 1: in the office, as so many companies do, and you're 59 00:03:15,360 --> 00:03:19,240 Speaker 1: facing some challenges, some resistance from your employees, that might 60 00:03:19,280 --> 00:03:21,200 Speaker 1: be one way to get them in and to get 61 00:03:21,200 --> 00:03:26,239 Speaker 1: them excited about being together. See Lynch, we're all you see, 62 00:03:26,280 --> 00:03:28,560 Speaker 1: we all three can get away with it because it's 63 00:03:28,600 --> 00:03:32,640 Speaker 1: part of our job. I got to build when we 64 00:03:32,720 --> 00:03:35,440 Speaker 1: spent we spent a good hour talking about March Madness 65 00:03:35,440 --> 00:03:38,040 Speaker 1: in one form or another on a regular Thursday. Well, 66 00:03:38,080 --> 00:03:40,600 Speaker 1: I have to know, I got to watch the Game's boss. 67 00:03:40,720 --> 00:03:44,400 Speaker 1: It's gone here. But if you're with another company, especially 68 00:03:44,440 --> 00:03:46,960 Speaker 1: if you're with a walls tread company, lindsay, I wonder 69 00:03:47,480 --> 00:03:49,960 Speaker 1: how far would they go to allow March madness. Well, 70 00:03:50,000 --> 00:03:51,960 Speaker 1: you know what I always felt where I worked. I 71 00:03:52,000 --> 00:03:55,240 Speaker 1: worked at the ABC affiliate in Boston for about forty years, 72 00:03:55,560 --> 00:03:58,080 Speaker 1: and somebody always ran the office n C double a 73 00:03:58,120 --> 00:04:00,200 Speaker 1: March Madness pool, and I thought it was really a 74 00:04:00,280 --> 00:04:04,840 Speaker 1: galvanizing event because every almost everybody in the station participated 75 00:04:05,240 --> 00:04:07,840 Speaker 1: and they would be like a weekly a daily update 76 00:04:08,040 --> 00:04:12,880 Speaker 1: um on the on the in house email system, and 77 00:04:12,960 --> 00:04:14,960 Speaker 1: it was really great. I mean, people that didn't know 78 00:04:15,040 --> 00:04:18,080 Speaker 1: a basketball from a football or a volleyball all of 79 00:04:18,120 --> 00:04:20,800 Speaker 1: a sudden vault of the lead after one day. And 80 00:04:20,880 --> 00:04:22,560 Speaker 1: you know, I used to get my mom and dad, 81 00:04:22,560 --> 00:04:24,640 Speaker 1: and my mom would pick all the Catholic schools for 82 00:04:24,640 --> 00:04:26,320 Speaker 1: some reason that that's all she did. She just picked 83 00:04:26,520 --> 00:04:29,400 Speaker 1: Villanova St. John, St. Mary. Yeah, it was good and 84 00:04:29,400 --> 00:04:31,520 Speaker 1: it was. It was a good feeling all the way around. 85 00:04:31,800 --> 00:04:34,039 Speaker 1: It was really no harm. It was ten dollars a piece, 86 00:04:34,080 --> 00:04:36,719 Speaker 1: I think for everybody to get in and um and 87 00:04:36,760 --> 00:04:39,200 Speaker 1: whoever won the money just just just kept it. And 88 00:04:39,560 --> 00:04:43,760 Speaker 1: I thought it was I think it's it helps workplace 89 00:04:43,839 --> 00:04:48,480 Speaker 1: morale see two votes for team building and morale. Let 90 00:04:48,520 --> 00:04:51,960 Speaker 1: your employees do their brackets at work. Let them use 91 00:04:51,960 --> 00:04:54,719 Speaker 1: the computer for this purpose, and they will be happier 92 00:04:54,760 --> 00:04:57,240 Speaker 1: about working there and maybe coming into the office on 93 00:04:57,279 --> 00:05:01,679 Speaker 1: a daily basis or more than twice a week. There there, 94 00:05:01,839 --> 00:05:05,360 Speaker 1: Mr Slate, I hope you've learned your lesson. Uh. Now 95 00:05:05,400 --> 00:05:08,240 Speaker 1: here's something that I don't quite think we'll go over 96 00:05:08,520 --> 00:05:13,000 Speaker 1: at work. Uh, sports betting apps. Uh, as you're trying 97 00:05:13,000 --> 00:05:15,840 Speaker 1: to now bet on the job. I don't think that's 98 00:05:15,880 --> 00:05:18,680 Speaker 1: going to go over well. But one thing, and this 99 00:05:18,760 --> 00:05:24,800 Speaker 1: part is serious. Those apps are very high percentage on 100 00:05:25,000 --> 00:05:29,200 Speaker 1: college campuses and scar people are worried that it's fueling 101 00:05:29,240 --> 00:05:32,520 Speaker 1: addiction fears. Yeah, there are now at least seven schools 102 00:05:32,560 --> 00:05:36,600 Speaker 1: that have reached advertising agreements with betting apps. So l 103 00:05:36,720 --> 00:05:38,680 Speaker 1: s U is an example of one that has reached 104 00:05:38,720 --> 00:05:43,039 Speaker 1: a advertising agreement with Caesar's Sports Book, and Jerry Smith, 105 00:05:43,080 --> 00:05:45,400 Speaker 1: one of Bloomberg News reporters, have been writing about this. 106 00:05:45,440 --> 00:05:47,400 Speaker 1: We'll talk with him a little bit later on. But 107 00:05:48,160 --> 00:05:50,960 Speaker 1: it's a concern when you've got students at l s 108 00:05:51,080 --> 00:05:55,240 Speaker 1: U getting an email or some kind of notification on 109 00:05:55,279 --> 00:05:58,640 Speaker 1: their phone about sports betting while they're at school. And 110 00:05:58,680 --> 00:06:01,240 Speaker 1: this is something that l s U opened the door 111 00:06:01,320 --> 00:06:04,039 Speaker 1: to enabled because they might have bought a ticket to 112 00:06:04,320 --> 00:06:07,240 Speaker 1: a game and so now they're their name, their email 113 00:06:07,320 --> 00:06:09,600 Speaker 1: is on this list that Caesar Sports walk Canal has 114 00:06:09,640 --> 00:06:12,760 Speaker 1: access to. The attempting part of this, and the disturbing 115 00:06:12,800 --> 00:06:15,120 Speaker 1: part of this is that it offers everybody three hundred 116 00:06:15,160 --> 00:06:18,640 Speaker 1: dollars in free bets if they download the app. So 117 00:06:18,680 --> 00:06:21,840 Speaker 1: who's not going to take that when you're absolutely absolutely 118 00:06:21,839 --> 00:06:23,400 Speaker 1: I can remember when we were in college, they had 119 00:06:23,400 --> 00:06:26,400 Speaker 1: the same thing with credit cards, free credit card students 120 00:06:26,440 --> 00:06:29,600 Speaker 1: who opened up account here at showing our agency. Yeah, 121 00:06:29,600 --> 00:06:33,440 Speaker 1: it's a scarlet food institution for savings and uh it 122 00:06:34,360 --> 00:06:36,400 Speaker 1: And that's the bad part right here. But those two 123 00:06:36,400 --> 00:06:38,800 Speaker 1: who are who said that we're old school, said, well, 124 00:06:38,839 --> 00:06:41,120 Speaker 1: gambling has become the social norm it used to be, 125 00:06:41,200 --> 00:06:45,040 Speaker 1: you know, no alcohol served in any type of college venue, 126 00:06:45,120 --> 00:06:47,440 Speaker 1: and now that that's gone by the boards, So I 127 00:06:47,920 --> 00:06:50,520 Speaker 1: think it's I think it's preying on the people that 128 00:06:50,640 --> 00:06:54,000 Speaker 1: don't have the means to bet on games and pay 129 00:06:54,080 --> 00:06:57,280 Speaker 1: up if they lose. Now, see I and you know 130 00:06:57,360 --> 00:07:00,520 Speaker 1: my history. I do love betting on the sports apps. 131 00:07:00,560 --> 00:07:04,479 Speaker 1: But I've also said gamble responsibly. And I'm talking about 132 00:07:04,600 --> 00:07:06,440 Speaker 1: if you want to put twenty dollars on a game 133 00:07:06,520 --> 00:07:09,080 Speaker 1: or something whatever, have at it. Have fun because when 134 00:07:09,080 --> 00:07:11,320 Speaker 1: you got a little coin in the action, all of 135 00:07:11,400 --> 00:07:14,679 Speaker 1: a sudden, you'll watch those games that's like, oh, really 136 00:07:14,880 --> 00:07:19,520 Speaker 1: cold game. Watch that game and it's it's fun. But 137 00:07:19,600 --> 00:07:22,400 Speaker 1: I'm but a year old Michael Barrow who's on a 138 00:07:22,440 --> 00:07:27,600 Speaker 1: college campus benefit from that. Oh hell no, seriously, I 139 00:07:27,920 --> 00:07:30,360 Speaker 1: would not. And and the reason I need to explain 140 00:07:30,400 --> 00:07:33,200 Speaker 1: this too. Yes, they're gonna they put up all this money, 141 00:07:33,480 --> 00:07:38,120 Speaker 1: you know, three dollars in free bets. Uh, But the 142 00:07:38,240 --> 00:07:41,640 Speaker 1: way it works is you have to play a certain 143 00:07:41,680 --> 00:07:45,480 Speaker 1: amount and a certain time in order to get that. 144 00:07:45,520 --> 00:07:49,120 Speaker 1: It's almost like casino credits. So you're still going to 145 00:07:49,240 --> 00:07:51,440 Speaker 1: be there. It's not like, Okay, we're gonna hand you 146 00:07:51,480 --> 00:07:55,960 Speaker 1: three dollars for free. Now. Way back in the day. Now, 147 00:07:56,040 --> 00:07:58,280 Speaker 1: I'm gonna show my age. Way back in the day 148 00:07:58,320 --> 00:08:03,360 Speaker 1: when we uh had offshore poker gambling on the internet, 149 00:08:03,920 --> 00:08:08,640 Speaker 1: the site actually did put the money up and uh 150 00:08:08,800 --> 00:08:12,200 Speaker 1: when I was like, hey, I'm going for it. And 151 00:08:12,280 --> 00:08:14,360 Speaker 1: but then you know, you get a name for that, 152 00:08:14,440 --> 00:08:18,080 Speaker 1: and I can't say what you're called when you just 153 00:08:18,120 --> 00:08:22,000 Speaker 1: go for the bonuses like that. But again, I'm just 154 00:08:22,120 --> 00:08:26,480 Speaker 1: asking people to gamble responsibly, folks, and sooner or later. Now, 155 00:08:26,520 --> 00:08:29,080 Speaker 1: the n c double A, the only governing rule they 156 00:08:29,080 --> 00:08:33,960 Speaker 1: have is that they prohibit athletes, coaches, and administrators from gambling. Um. 157 00:08:33,960 --> 00:08:36,160 Speaker 1: Other than that, it goes by state to state rules. 158 00:08:36,200 --> 00:08:39,440 Speaker 1: So there's really no uniform blanket coverage and rules for 159 00:08:39,440 --> 00:08:43,040 Speaker 1: this whole thing. That's important, very important to note. However, 160 00:08:43,480 --> 00:08:45,640 Speaker 1: somewhere down the line, there's going to be some kids 161 00:08:45,760 --> 00:08:47,199 Speaker 1: sitting on the end of the bench. She was on 162 00:08:47,280 --> 00:08:49,280 Speaker 1: the just just for funding games. He's sitting around his 163 00:08:49,320 --> 00:08:51,280 Speaker 1: dorm room and they said, yeah, you know, Michael Barr, 164 00:08:51,280 --> 00:08:53,520 Speaker 1: you know, I'm gonna put a hundred in Michigan State 165 00:08:53,559 --> 00:08:57,200 Speaker 1: and uh the other uh this this coming Saturday afternoon, 166 00:08:57,480 --> 00:08:59,600 Speaker 1: and he's gonna get caught and he's gonna be kicked 167 00:08:59,640 --> 00:09:01,040 Speaker 1: off the team, and the team is going to be 168 00:09:01,080 --> 00:09:03,960 Speaker 1: suspended and they're gonna lose scholarships, etcetera, etcetera. It's just 169 00:09:04,040 --> 00:09:06,280 Speaker 1: I don't think that the carrot dangling out there is 170 00:09:06,320 --> 00:09:08,800 Speaker 1: just too irresistible. Yeah, you can see it all coming 171 00:09:09,840 --> 00:09:12,920 Speaker 1: down the pipeline for sure. A few schools, to be fair, 172 00:09:13,040 --> 00:09:15,440 Speaker 1: have banned students, faculty and staff from gambling on their 173 00:09:15,440 --> 00:09:18,280 Speaker 1: school's teams, like Produce St. Joseph's and Villanova. So it's 174 00:09:18,320 --> 00:09:22,559 Speaker 1: not universal, but it is. It is disturbing when l 175 00:09:22,640 --> 00:09:25,640 Speaker 1: S students are getting notifications on their phone to sign 176 00:09:25,720 --> 00:09:28,559 Speaker 1: up for this app, and in some cases people who 177 00:09:28,559 --> 00:09:30,280 Speaker 1: are under the age of twenty one are getting these 178 00:09:30,320 --> 00:09:33,920 Speaker 1: notifications too. Yeah, and at LSU they even have a 179 00:09:33,920 --> 00:09:38,040 Speaker 1: new UM sky box. It's UM. It's it's a sky club. 180 00:09:38,080 --> 00:09:40,040 Speaker 1: It's a Caesar's sky Club at l s U right 181 00:09:40,040 --> 00:09:44,199 Speaker 1: now in the football stadium. Yeah. This next story is 182 00:09:44,760 --> 00:09:49,640 Speaker 1: is just grim uh w n B a star Brittney grinder. Uh. 183 00:09:49,880 --> 00:09:52,360 Speaker 1: She is being held in Russia and now it has 184 00:09:52,360 --> 00:09:57,240 Speaker 1: been extended scar to May nine. Uh in case anybody 185 00:09:57,320 --> 00:10:02,360 Speaker 1: is not aware. She was detained at Moscow Airport back 186 00:10:02,400 --> 00:10:07,440 Speaker 1: in February and according to what Russian authority said, they 187 00:10:07,520 --> 00:10:12,880 Speaker 1: found in her luggage uh, and oil derived from cannabis 188 00:10:13,480 --> 00:10:18,880 Speaker 1: for her vape cartridges. Yeah, and apparently cannabis could carry 189 00:10:18,880 --> 00:10:22,920 Speaker 1: a maximum penalty of ten years in prison. So UM, 190 00:10:22,960 --> 00:10:26,559 Speaker 1: this is this is very serious and the USMC in 191 00:10:26,640 --> 00:10:29,559 Speaker 1: Moscow did not um comment on on the situation to 192 00:10:29,720 --> 00:10:32,600 Speaker 1: different reporters who have inquired about what the latest is 193 00:10:32,640 --> 00:10:35,640 Speaker 1: here with Britney Uh. Brittany Grinder. But we know that 194 00:10:35,679 --> 00:10:38,680 Speaker 1: she is one of the most recognizable faces and women's basketball. 195 00:10:38,720 --> 00:10:41,160 Speaker 1: She's won two gold medals with the U s UM 196 00:10:41,160 --> 00:10:44,280 Speaker 1: in the Olympics. She's a w w NBA championship with 197 00:10:44,280 --> 00:10:47,400 Speaker 1: the Phoenix Mercury. She was a national champion at Baylor, 198 00:10:47,720 --> 00:10:52,280 Speaker 1: seven time All Star and right now she suck in Russia. 199 00:10:52,840 --> 00:10:56,560 Speaker 1: The Kaminski Court in Moscow declared that she will be 200 00:10:56,640 --> 00:10:59,480 Speaker 1: detained for another two months. As you said, she shares 201 00:10:59,520 --> 00:11:02,520 Speaker 1: a cell with two other prisoners, and Brittany is six 202 00:11:02,559 --> 00:11:05,480 Speaker 1: ft seven inches tall and the cot that she's sleeping 203 00:11:05,480 --> 00:11:08,080 Speaker 1: on obviously is too short for her. So I'm sure 204 00:11:08,160 --> 00:11:10,240 Speaker 1: that's the least of her worries her sleeping conditions, just 205 00:11:10,280 --> 00:11:12,960 Speaker 1: getting the heck out of there, and this is I 206 00:11:13,040 --> 00:11:14,880 Speaker 1: just think of the movie mid Not expressed every time 207 00:11:14,920 --> 00:11:18,000 Speaker 1: I think of this story. Former Secretary of State Hillary 208 00:11:18,000 --> 00:11:21,480 Speaker 1: Clinton joined a growing contingent of family, friends and officials 209 00:11:21,520 --> 00:11:27,040 Speaker 1: calling for Grinder's release with a free Brittany tweet that 210 00:11:27,080 --> 00:11:30,719 Speaker 1: has taken place several days ago. So let's hope this 211 00:11:30,800 --> 00:11:34,240 Speaker 1: works out well for Brittany because she is one of 212 00:11:34,240 --> 00:11:37,320 Speaker 1: the premier w n B A stars. And that's a 213 00:11:37,320 --> 00:11:39,760 Speaker 1: problem too, Mike, for the State Department, because if they 214 00:11:39,800 --> 00:11:43,040 Speaker 1: get Brittany Greer out, Grinder out, and what about all 215 00:11:43,040 --> 00:11:46,000 Speaker 1: the other American people are being detained in those prisons. 216 00:11:46,240 --> 00:11:49,439 Speaker 1: You know, why should she get preferential treatment? It should 217 00:11:49,440 --> 00:11:52,760 Speaker 1: be all or none. And her her high profile name 218 00:11:52,760 --> 00:11:55,240 Speaker 1: also works against her because she is not going to 219 00:11:56,200 --> 00:12:00,040 Speaker 1: relent on this because she is well known. Well, what 220 00:12:00,120 --> 00:12:03,840 Speaker 1: it comes down to is she now a high profile hostage. 221 00:12:04,360 --> 00:12:07,240 Speaker 1: And I'm sorry to use those words, and that's not 222 00:12:07,360 --> 00:12:10,839 Speaker 1: necessarily hyperbole. Uh No, you're right on, Mike, You're right on, Michael. 223 00:12:11,000 --> 00:12:14,760 Speaker 1: She is up next on the show. We're talking sports 224 00:12:14,880 --> 00:12:17,920 Speaker 1: media rights. The new Saundi Mac Pro Golf League is 225 00:12:17,960 --> 00:12:21,439 Speaker 1: looking for partners and streaming platforms are interested at straight 226 00:12:21,480 --> 00:12:23,880 Speaker 1: ahead on the Bloomberg Business of Sports. I'm Michael Barn. 227 00:12:23,920 --> 00:12:25,720 Speaker 1: You can follow me on Twitter at Big Bar Sports. 228 00:12:25,840 --> 00:12:28,800 Speaker 1: I'm Scarlet Fool on Twitter at Scarlet Fool, and I'm 229 00:12:28,840 --> 00:12:31,360 Speaker 1: Mike Lynch at Lynch w CVB. And don't forget to 230 00:12:31,360 --> 00:12:34,439 Speaker 1: catch our podcast that's Monday's, Wednesdays and Thursdays when all 231 00:12:34,480 --> 00:12:37,959 Speaker 1: your podcast platforms and right here on Bloomberg Business of 232 00:12:38,000 --> 00:12:43,360 Speaker 1: Sports and Bloomberg Radio. This is the Bloomberg Business of 233 00:12:43,360 --> 00:12:45,760 Speaker 1: Sports show where we explore the big money issues in 234 00:12:45,800 --> 00:12:48,520 Speaker 1: the world of sports. I'm Michael Barn, I'm Scarlett Foul, 235 00:12:48,640 --> 00:12:50,839 Speaker 1: and I'm Mike Lynch. Coming up today, old head to 236 00:12:50,920 --> 00:12:53,960 Speaker 1: London and get the latest on the Chelsea Football club ownership. 237 00:12:54,000 --> 00:12:59,720 Speaker 1: Saga Butt First, a new golf league offering alternative team formats, 238 00:13:00,160 --> 00:13:04,160 Speaker 1: shorter events and huge prize purses, is looking for media 239 00:13:04,200 --> 00:13:08,240 Speaker 1: partners and the Saudi backed leagues as broadcasters are interested. 240 00:13:08,559 --> 00:13:12,600 Speaker 1: For more. We're joined by Bloomberg News media reporter Jerry Smith. Jerry, 241 00:13:12,640 --> 00:13:15,160 Speaker 1: welcome to the show. Thanks for having me. Well, first, 242 00:13:15,400 --> 00:13:18,120 Speaker 1: I have to start with the controversy involved with the 243 00:13:18,120 --> 00:13:21,680 Speaker 1: Saudi tournament. I mean, Phil Mickelson kind of got into 244 00:13:21,679 --> 00:13:24,120 Speaker 1: trouble with all of that. When the Commons, he said, 245 00:13:24,800 --> 00:13:26,599 Speaker 1: what are the odds that this is really going to 246 00:13:26,720 --> 00:13:30,800 Speaker 1: take off? Well, they announced their schedule. They're gonna have 247 00:13:30,840 --> 00:13:34,719 Speaker 1: eight tournaments, uh, in multiple continents. Um. You know, one 248 00:13:34,760 --> 00:13:37,400 Speaker 1: of the tournaments is going to be held at Donald 249 00:13:37,400 --> 00:13:40,960 Speaker 1: one of Donald Trump's courses in Bedminster, New Jersey. So, 250 00:13:41,160 --> 00:13:44,320 Speaker 1: you know, releasing a schedule is certainly a step towards reality. 251 00:13:44,679 --> 00:13:47,080 Speaker 1: But you know, there's some important things missing, one of 252 00:13:47,120 --> 00:13:50,200 Speaker 1: which is they don't have any players that have committed 253 00:13:50,200 --> 00:13:53,120 Speaker 1: to playing in these tournaments yet. Uh. They sent out 254 00:13:53,160 --> 00:13:56,680 Speaker 1: invitations to about two and fifty players this week. Um. 255 00:13:56,720 --> 00:14:00,520 Speaker 1: They're also still looking for a broadcast partner. Um. So 256 00:14:00,559 --> 00:14:02,960 Speaker 1: this is um, you know, it still remains to be 257 00:14:03,040 --> 00:14:05,920 Speaker 1: seeing how much of a reality this is. But releasing 258 00:14:06,120 --> 00:14:08,240 Speaker 1: a schedule of events is certainly a step in the 259 00:14:08,320 --> 00:14:11,480 Speaker 1: right direction. Okay, it's becoming closer to reality. But if 260 00:14:11,480 --> 00:14:14,960 Speaker 1: no one's agreed to participate yet, that's a big, a 261 00:14:15,000 --> 00:14:19,760 Speaker 1: big hole to fill. What is the controversy over actually participating? 262 00:14:19,800 --> 00:14:22,640 Speaker 1: Is it because then they can't play in the PGA Tour. Yeah, 263 00:14:22,640 --> 00:14:27,080 Speaker 1: there's some legal question of whether the PGA Tour could 264 00:14:27,080 --> 00:14:32,120 Speaker 1: possibly suspend or band players that participate in these events. 265 00:14:32,160 --> 00:14:35,240 Speaker 1: So it hasn't been declared yet, it's just there's a possibility. 266 00:14:35,360 --> 00:14:39,760 Speaker 1: There's a possibility apparently in in the PGA Tours Player handbook, Uh, 267 00:14:39,960 --> 00:14:43,080 Speaker 1: it lays out the potential that they could, um you know, 268 00:14:43,080 --> 00:14:47,000 Speaker 1: players could face a suspension or band for participating in 269 00:14:47,240 --> 00:14:49,680 Speaker 1: such an event. Greg Norman actually sent a very strongly 270 00:14:49,720 --> 00:14:53,560 Speaker 1: worded letter to the commissioner the PGA Tour recently, UM, 271 00:14:53,560 --> 00:14:56,960 Speaker 1: saying that you can't do that. UM. So there's there's 272 00:14:56,960 --> 00:15:00,720 Speaker 1: some legal question about whether the players can participate. UM. 273 00:15:00,760 --> 00:15:03,840 Speaker 1: You know. There's certainly a lot of money that is 274 00:15:03,920 --> 00:15:06,720 Speaker 1: going to be involved in these events. UM. You know, 275 00:15:06,760 --> 00:15:10,080 Speaker 1: this new Golf Tour is backed um by Saudi Arabia's 276 00:15:10,280 --> 00:15:13,800 Speaker 1: UM Sovereign Wealth Fund, so they have uh, you know, 277 00:15:14,080 --> 00:15:16,960 Speaker 1: very very deep pockets, UM, and so that could be 278 00:15:17,000 --> 00:15:20,400 Speaker 1: a way to attract some players to participate. UM. You know. 279 00:15:20,640 --> 00:15:24,040 Speaker 1: It's also not just a potential threat to the PGA Tour, 280 00:15:24,200 --> 00:15:27,680 Speaker 1: but also the PGA Tours broadcast partners. You think about 281 00:15:27,680 --> 00:15:31,880 Speaker 1: CBS and NBC and ESPN that have paid a lot 282 00:15:31,920 --> 00:15:34,880 Speaker 1: of money for the rights to air the PGA Tour 283 00:15:34,920 --> 00:15:39,320 Speaker 1: events and and suddenly you've got tournaments that could could 284 00:15:39,400 --> 00:15:42,480 Speaker 1: be competing for those eyeballs. I don't see this as 285 00:15:42,520 --> 00:15:44,360 Speaker 1: a threat to the PGA Tour. Do you see it 286 00:15:44,400 --> 00:15:46,800 Speaker 1: in any way as a threat to the tour for now? 287 00:15:46,920 --> 00:15:48,760 Speaker 1: I mean, you know, if they don't have any of 288 00:15:49,000 --> 00:15:52,280 Speaker 1: the marquee players that are involved, uh, you know, I 289 00:15:52,280 --> 00:15:55,080 Speaker 1: don't think the PGA Tour has much to worry about. So, 290 00:15:55,200 --> 00:15:57,720 Speaker 1: I mean you think about some of the biggest names 291 00:15:57,720 --> 00:16:01,680 Speaker 1: in golf right now, brooks Kepta, Bryson, A Shambo, Um. 292 00:16:01,720 --> 00:16:05,000 Speaker 1: You know, as long as they are are still committed 293 00:16:05,040 --> 00:16:07,880 Speaker 1: to the PGA Tour, and and they don't, um, you know, 294 00:16:07,920 --> 00:16:10,200 Speaker 1: they don't play in these events, I think it's gonna 295 00:16:10,240 --> 00:16:13,720 Speaker 1: be hard to get much interest from fans. Now. The 296 00:16:13,800 --> 00:16:19,280 Speaker 1: league has committed two fifty million dollars to prize purses. Uh, 297 00:16:19,680 --> 00:16:22,760 Speaker 1: how is that compared to the persons you would see 298 00:16:22,880 --> 00:16:26,360 Speaker 1: on the p G A or or the Women's Golf Tour. 299 00:16:26,960 --> 00:16:30,760 Speaker 1: Certainly they're they're uh, you know, larger purses. UM. So 300 00:16:30,840 --> 00:16:33,440 Speaker 1: that that would be the one, um, you know, the 301 00:16:33,480 --> 00:16:36,120 Speaker 1: one thing that that could potentially get these players to 302 00:16:36,520 --> 00:16:38,600 Speaker 1: uh to break off and play in some of these 303 00:16:38,640 --> 00:16:41,840 Speaker 1: events is just the sheer amount of money involved. Um 304 00:16:41,880 --> 00:16:44,960 Speaker 1: you know that this news Golf Tour also is claiming 305 00:16:44,960 --> 00:16:46,680 Speaker 1: to have a different format that's going to be a 306 00:16:46,720 --> 00:16:50,120 Speaker 1: little more entertaining for viewers. Um you know, instead of 307 00:16:50,360 --> 00:16:53,400 Speaker 1: seventy two holes, it's only fifty four holes, and the 308 00:16:53,440 --> 00:16:56,360 Speaker 1: amount of time that the TV viewer would have to 309 00:16:56,400 --> 00:16:59,040 Speaker 1: spend watching golf is going to be shortened just by 310 00:16:59,720 --> 00:17:02,360 Speaker 1: the format, um you know. And it's a team event, 311 00:17:02,440 --> 00:17:05,560 Speaker 1: so it's a little bit different. Um. But yeah, I 312 00:17:05,560 --> 00:17:07,720 Speaker 1: mean it's a lot of money, and that would be 313 00:17:07,760 --> 00:17:10,800 Speaker 1: the big you know, the big pole, but I mean 314 00:17:10,800 --> 00:17:14,480 Speaker 1: the PGA Tour, there's um you know, these players are 315 00:17:15,400 --> 00:17:18,800 Speaker 1: many of the top players are enormously rich, and um 316 00:17:18,800 --> 00:17:22,159 Speaker 1: you know, whether they're actually money is motivating them or 317 00:17:22,200 --> 00:17:25,359 Speaker 1: the fact that they're competing for tournaments that um you 318 00:17:25,400 --> 00:17:27,600 Speaker 1: know have a lot of historical relevance to them is 319 00:17:27,640 --> 00:17:31,240 Speaker 1: also a factor. So I understand the argument for bigger 320 00:17:31,280 --> 00:17:34,680 Speaker 1: purses maybe enticing players. But the format that you talked 321 00:17:34,680 --> 00:17:37,800 Speaker 1: about these fifty four whole events, Lynch, would a fifty 322 00:17:37,840 --> 00:17:41,200 Speaker 1: four whole event and what the Golf tournament is calling 323 00:17:41,240 --> 00:17:44,120 Speaker 1: shotgun starts to ensure a faster and more exciting pace 324 00:17:44,240 --> 00:17:47,880 Speaker 1: results in a better product on TV screens, do you think. 325 00:17:48,040 --> 00:17:50,199 Speaker 1: I don't think so, Jerry, you probably agree with me. 326 00:17:50,240 --> 00:17:52,240 Speaker 1: There's nothing like the drama. Look at what just happened 327 00:17:52,240 --> 00:17:54,919 Speaker 1: this past weekend with the TPC down at the Players 328 00:17:55,000 --> 00:17:59,320 Speaker 1: Championship rain delays. Everybody wanted seventy two holes fifty four 329 00:17:59,359 --> 00:18:03,359 Speaker 1: holes to me, just reeks of the champions Tour shotguns 330 00:18:03,359 --> 00:18:05,760 Speaker 1: start to me, reeks of a charity golf event and 331 00:18:05,800 --> 00:18:09,480 Speaker 1: nothing more. Yeah, I mean, I think that golf is 332 00:18:09,880 --> 00:18:12,639 Speaker 1: a sport that has just a lot of history, and 333 00:18:12,680 --> 00:18:15,440 Speaker 1: I think a lot of fans of the game really 334 00:18:15,440 --> 00:18:19,359 Speaker 1: appreciate going back to the same venues every year. Um, 335 00:18:19,400 --> 00:18:22,240 Speaker 1: you know, the traditions of the game, including seventy two 336 00:18:22,240 --> 00:18:24,800 Speaker 1: whole format. Um. You know that that's part of of 337 00:18:24,880 --> 00:18:28,280 Speaker 1: why people tune in. Um. You know, I think it'll 338 00:18:28,320 --> 00:18:30,320 Speaker 1: be interesting to see who they end up getting to 339 00:18:30,400 --> 00:18:33,840 Speaker 1: actually show these tournaments. Um. You know, they're talking about 340 00:18:33,880 --> 00:18:37,760 Speaker 1: getting interest from streaming global streaming services, which is a 341 00:18:37,760 --> 00:18:40,960 Speaker 1: pretty short list. I mean you think about um, you know, Amazon, 342 00:18:41,119 --> 00:18:45,600 Speaker 1: Prime Video, Apple, Netflix, which Netflix hasn't really gotten into 343 00:18:45,680 --> 00:18:49,600 Speaker 1: live sports before. You know, could they potentially do this? Um? 344 00:18:49,640 --> 00:18:51,880 Speaker 1: You know, I think if they're going, you know, they 345 00:18:52,119 --> 00:18:54,119 Speaker 1: just have to get players involved, but they have to 346 00:18:54,160 --> 00:18:57,480 Speaker 1: find somebody to broadcast this to a wide audience, and 347 00:18:57,760 --> 00:18:59,760 Speaker 1: that's another challenge. You know. Sorry to go off on 348 00:18:59,800 --> 00:19:02,120 Speaker 1: it engine, but I was reading a comment from someone 349 00:19:02,119 --> 00:19:04,600 Speaker 1: who said, look at the fact that Netflix, which has 350 00:19:04,680 --> 00:19:08,119 Speaker 1: data on everything that is broadcast double look at the 351 00:19:08,119 --> 00:19:10,199 Speaker 1: fact that it has not gone into live sports. That 352 00:19:10,200 --> 00:19:12,880 Speaker 1: should tell you how it's not a good business plan 353 00:19:13,359 --> 00:19:17,200 Speaker 1: for a broadcaster, for a streamer. Yeah, Netflix is has 354 00:19:17,720 --> 00:19:20,840 Speaker 1: so far, you know, not gotten into live sports. But 355 00:19:20,960 --> 00:19:23,400 Speaker 1: I mean just in the last few weeks we saw 356 00:19:23,480 --> 00:19:27,000 Speaker 1: Apple get into sports broadcasting for the first time with 357 00:19:27,119 --> 00:19:30,320 Speaker 1: this Major League Baseball package. You know, Amazon has gotten 358 00:19:30,320 --> 00:19:32,480 Speaker 1: more aggressive than live sports. They're going to be the 359 00:19:32,480 --> 00:19:37,439 Speaker 1: exclusive broadcaster of um NFL Thursday Night Football starting next season. 360 00:19:37,560 --> 00:19:40,199 Speaker 1: So you know, we are seeing the tech companies that 361 00:19:40,240 --> 00:19:43,119 Speaker 1: are getting more interested in this. Um you know, whether 362 00:19:43,520 --> 00:19:47,840 Speaker 1: uh a a completely new golf league UM which may 363 00:19:47,920 --> 00:19:51,119 Speaker 1: or may not have marquee players involved, whether that's the 364 00:19:51,520 --> 00:19:54,479 Speaker 1: or any times right now, right, I mean, that's you know, 365 00:19:54,880 --> 00:19:57,320 Speaker 1: it would be hard to imagine. So it's a bit 366 00:19:57,320 --> 00:19:59,439 Speaker 1: of a chicken and the eggs and areo where you 367 00:19:59,480 --> 00:20:02,800 Speaker 1: don't have the players yet, so you don't have the broadcaster. 368 00:20:03,000 --> 00:20:05,960 Speaker 1: Maybe the broadcaster isn't that interested until you've got some 369 00:20:06,040 --> 00:20:08,640 Speaker 1: big name golfers that are going to attract an audience. 370 00:20:09,320 --> 00:20:11,960 Speaker 1: So if they if they give out like an appearance 371 00:20:11,960 --> 00:20:14,480 Speaker 1: money they're talking about, like say thirty million dollars for 372 00:20:14,480 --> 00:20:16,680 Speaker 1: Phil Mickelson to come over there, what's the incentive for 373 00:20:16,800 --> 00:20:19,480 Speaker 1: him to win a tournament in Bangkok or London? And 374 00:20:19,600 --> 00:20:22,080 Speaker 1: me as in me as a viewer, I would say, well, 375 00:20:22,080 --> 00:20:24,000 Speaker 1: he's got thirty million in his pocket. If he wins, 376 00:20:24,000 --> 00:20:25,800 Speaker 1: he wins. If he doesn't, he doesn't. It just doesn't 377 00:20:25,800 --> 00:20:28,280 Speaker 1: mean that much to him. Yeah. I mean, these golfers, 378 00:20:28,480 --> 00:20:32,160 Speaker 1: especially the top tier golfers, are already playing for really 379 00:20:32,240 --> 00:20:37,000 Speaker 1: large purses. Um. You know, whether another couple million dollars 380 00:20:37,480 --> 00:20:41,159 Speaker 1: for this new league is motivating to them remains to 381 00:20:41,200 --> 00:20:43,760 Speaker 1: be seen. But I do think that the best players 382 00:20:43,920 --> 00:20:47,679 Speaker 1: in the world are are motivated in large part by 383 00:20:47,920 --> 00:20:51,199 Speaker 1: just you know, the history books and trying to you know, 384 00:20:51,320 --> 00:20:54,720 Speaker 1: win as many majors as Tiger Woods one. Um. You know, 385 00:20:54,760 --> 00:20:57,600 Speaker 1: I think, uh, at a certain point, when you're a 386 00:20:57,680 --> 00:21:00,840 Speaker 1: fabulously false the golfer I think you're you're chasing history 387 00:21:00,880 --> 00:21:05,480 Speaker 1: more than dollars. That is Jerry Smith, Bloomberg News media reporter. 388 00:21:07,040 --> 00:21:10,359 Speaker 1: The UK froze the assets of Chelsea Football Club owner 389 00:21:10,520 --> 00:21:14,120 Speaker 1: Roman Abronovich as the British government has stepped up its 390 00:21:14,119 --> 00:21:17,920 Speaker 1: sanctions against prominent Russians over the invasion of Ukraine. Now 391 00:21:17,960 --> 00:21:20,280 Speaker 1: there is a growing number of bids for the team 392 00:21:20,320 --> 00:21:23,520 Speaker 1: and a prominent US dealmaker has entered the fray. For 393 00:21:23,720 --> 00:21:26,639 Speaker 1: more on the story, Lead's head to London and bringing 394 00:21:26,680 --> 00:21:29,880 Speaker 1: Bloomberg UK Business reporter David Hellier. I want to talk 395 00:21:29,920 --> 00:21:33,359 Speaker 1: about the latest now that we have news on that's 396 00:21:33,440 --> 00:21:37,080 Speaker 1: now in the mix. Todd Bully is the US dealmaker 397 00:21:37,160 --> 00:21:40,800 Speaker 1: planning to take over of the Chelsea Football Club and 398 00:21:40,920 --> 00:21:43,800 Speaker 1: he added a former UK government advisor and a celebrity 399 00:21:43,840 --> 00:21:48,440 Speaker 1: pr executive to his consortium bidding for the West London team. 400 00:21:48,760 --> 00:21:51,639 Speaker 1: This is turning into just a big old list, not 401 00:21:51,840 --> 00:21:54,440 Speaker 1: surprisingly that you know that people coming out of the 402 00:21:54,440 --> 00:21:58,000 Speaker 1: woodwork all over the place. I say not surprisingly because 403 00:21:58,760 --> 00:22:02,080 Speaker 1: the last time a sort of top flight Premier League 404 00:22:02,160 --> 00:22:04,920 Speaker 1: team was up for sale was in two thousand and 405 00:22:05,040 --> 00:22:08,639 Speaker 1: ten when Liverpool was sold to the Fenway Group, another 406 00:22:08,840 --> 00:22:12,640 Speaker 1: American group. There was a chance that Chelsea would would 407 00:22:12,640 --> 00:22:15,680 Speaker 1: be sold in two thousand nineteen, and Todd Bowley made 408 00:22:15,720 --> 00:22:19,119 Speaker 1: it quite clear then that he was interested in buying it. 409 00:22:19,680 --> 00:22:21,840 Speaker 1: But you know that we we don't know all the details. 410 00:22:21,920 --> 00:22:24,480 Speaker 1: But he didn't get it then. But he's he's come 411 00:22:24,560 --> 00:22:27,640 Speaker 1: back and he's kind of like the front runner, I guess, 412 00:22:27,720 --> 00:22:31,080 Speaker 1: because he's done a lot of the two diligence a 413 00:22:31,119 --> 00:22:34,080 Speaker 1: couple of years ago and he seemed to be pretty 414 00:22:34,119 --> 00:22:36,680 Speaker 1: well set up right from the beginning. There are a 415 00:22:36,840 --> 00:22:40,600 Speaker 1: lot of bidders that have entered this, this contest, this 416 00:22:40,760 --> 00:22:44,440 Speaker 1: unofficial contest. I guess um. I've seen reports of around 417 00:22:44,480 --> 00:22:47,080 Speaker 1: twenty has anyone come close? I mean, to be honest 418 00:22:47,119 --> 00:22:49,760 Speaker 1: with you, I think the three billion was was you know, 419 00:22:49,920 --> 00:22:52,760 Speaker 1: what he wanted in two thousand nineteen, and he he 420 00:22:52,880 --> 00:22:56,560 Speaker 1: didn't get it then. I think now we're looking more 421 00:22:56,640 --> 00:23:00,800 Speaker 1: around two billion. The figure that we use PMG Vannue 422 00:23:00,800 --> 00:23:05,439 Speaker 1: and Chelsea about one point eight billion euros. The thing 423 00:23:05,600 --> 00:23:08,320 Speaker 1: is that obviously in a in a hotly contested auction, 424 00:23:08,440 --> 00:23:10,240 Speaker 1: you know, prices can go up, and I was up. 425 00:23:10,640 --> 00:23:14,159 Speaker 1: But against that, I think it is a very aware 426 00:23:14,160 --> 00:23:17,800 Speaker 1: of the fact that if this doesn't transact soon. Chelsea 427 00:23:17,880 --> 00:23:21,280 Speaker 1: is facing quite interesting cash player problems. They have a 428 00:23:21,440 --> 00:23:25,840 Speaker 1: huge wage bill mainly for players, of about twenty eight 429 00:23:26,040 --> 00:23:29,480 Speaker 1: million a month. And the longer this goes on, the 430 00:23:30,080 --> 00:23:32,640 Speaker 1: harder it is for sort of team you know, which 431 00:23:32,720 --> 00:23:34,960 Speaker 1: might be they might think they might get some position 432 00:23:35,000 --> 00:23:37,400 Speaker 1: where they have to sell players where you know, which 433 00:23:37,400 --> 00:23:40,800 Speaker 1: could be quite serious for them. So, David, if I 434 00:23:40,920 --> 00:23:45,879 Speaker 1: understand this correctly, once a Premovich sells the club, he 435 00:23:46,040 --> 00:23:49,399 Speaker 1: cannot reap any of the profits. Can the government do that? 436 00:23:49,680 --> 00:23:52,520 Speaker 1: A and be what happens to the profits? He put 437 00:23:52,560 --> 00:23:56,000 Speaker 1: out a statement before he was sanctioned saying that he 438 00:23:56,040 --> 00:23:58,800 Speaker 1: would sell the club and he would set up a 439 00:23:59,040 --> 00:24:04,840 Speaker 1: foundation that it transferred any net proceeds so minus expenses 440 00:24:04,880 --> 00:24:08,520 Speaker 1: and things. Two victims as the Ukrainian he called the 441 00:24:08,720 --> 00:24:11,560 Speaker 1: victims of the Ukrainian conflict or something. So it actually 442 00:24:11,640 --> 00:24:14,879 Speaker 1: left open the possibility that some of these proceeds go 443 00:24:15,000 --> 00:24:20,240 Speaker 1: towards Russian victims, which you know was criticized, but things 444 00:24:20,400 --> 00:24:23,280 Speaker 1: changed them when he became sanctioned. As it stands, the 445 00:24:23,400 --> 00:24:27,280 Speaker 1: license that he that Chelsea currently have doesn't allow for 446 00:24:27,560 --> 00:24:30,440 Speaker 1: sale the government. It's all in the government's hands of 447 00:24:30,560 --> 00:24:33,240 Speaker 1: government has to in order to the sales go ahead, 448 00:24:33,560 --> 00:24:36,600 Speaker 1: has to give another license which enables to sale, and 449 00:24:36,760 --> 00:24:40,280 Speaker 1: then sources are saying that the proceeds would be put 450 00:24:40,320 --> 00:24:43,280 Speaker 1: in their scow accounts and they would go to some 451 00:24:43,440 --> 00:24:46,520 Speaker 1: form of charity, presumably connected to Ukraine, but not through 452 00:24:47,200 --> 00:24:52,200 Speaker 1: Romano Greanovitch's hands. I like to ask about the Chelsea players. 453 00:24:52,800 --> 00:24:56,639 Speaker 1: Have any rumblings have been going around that some of 454 00:24:56,680 --> 00:24:59,640 Speaker 1: the players are like, listen, I'm out of here. Maybe 455 00:24:59,640 --> 00:25:02,240 Speaker 1: I'll do get to the end of the season, but 456 00:25:02,400 --> 00:25:05,320 Speaker 1: I'm gone. I haven't heard of any. In fact, they've 457 00:25:05,400 --> 00:25:08,520 Speaker 1: they've presented a very united front. And one of the 458 00:25:08,560 --> 00:25:11,280 Speaker 1: players was on television the other day and he was saying, 459 00:25:11,520 --> 00:25:14,359 Speaker 1: because there's a bit of a narrative going on about, 460 00:25:14,400 --> 00:25:17,879 Speaker 1: you know, the government wants to restrict Chelsea's expenses and 461 00:25:18,600 --> 00:25:20,479 Speaker 1: that might mean that the players have to go by 462 00:25:20,560 --> 00:25:23,200 Speaker 1: coach to the game instead of by plane. And there's 463 00:25:23,240 --> 00:25:25,600 Speaker 1: players say listen, you know, I don't care how we 464 00:25:25,720 --> 00:25:28,080 Speaker 1: get there. I'll even pay for my own transport. I 465 00:25:28,119 --> 00:25:31,200 Speaker 1: don't mind taking the bust them. So so far it's 466 00:25:31,240 --> 00:25:35,359 Speaker 1: been really united. I mean, an incredibly impressive thing is 467 00:25:35,440 --> 00:25:38,440 Speaker 1: that they've won the last four games since the club 468 00:25:38,560 --> 00:25:42,679 Speaker 1: was put under sanction. But you know things. I mean 469 00:25:42,800 --> 00:25:45,400 Speaker 1: that there are a number of players who whose contract 470 00:25:45,520 --> 00:25:47,080 Speaker 1: comes to an end at the end of the season, 471 00:25:47,560 --> 00:25:49,560 Speaker 1: so they are then free to leave and to go 472 00:25:49,720 --> 00:25:53,200 Speaker 1: wherever they want. And you know, there's there's discussion about 473 00:25:53,200 --> 00:25:56,960 Speaker 1: the manager, who's who's widely admired Thomas to kill the 474 00:25:57,000 --> 00:26:00,560 Speaker 1: German manager, Speculation that other clubs want to hire him. Yeah, 475 00:26:00,640 --> 00:26:03,639 Speaker 1: I mean, there's no doubt that if I mean, basically, 476 00:26:03,680 --> 00:26:07,800 Speaker 1: it's the uncertainty continues. You know, you can you can 477 00:26:07,840 --> 00:26:12,600 Speaker 1: imagine things becoming very tense and crumbling quite quickly. What 478 00:26:12,720 --> 00:26:15,879 Speaker 1: about the Chelsea fan base. Um, they have a global 479 00:26:15,920 --> 00:26:18,000 Speaker 1: fan base about a hundred thirty five million. And we 480 00:26:18,119 --> 00:26:21,639 Speaker 1: saw what happened when um, the football clubs try to 481 00:26:21,680 --> 00:26:24,119 Speaker 1: announce the formation of the Super League. Kind of fans 482 00:26:24,840 --> 00:26:28,720 Speaker 1: rebelled against that and and swede public opinion and left 483 00:26:28,840 --> 00:26:32,200 Speaker 1: the club scrambling, so that politicians were acting and the 484 00:26:32,200 --> 00:26:34,479 Speaker 1: clubs ended up having to retreat and back off their 485 00:26:34,480 --> 00:26:38,960 Speaker 1: original plan. What does the Chelsea fan base, what's their 486 00:26:39,119 --> 00:26:42,960 Speaker 1: take on who they would want to to own the club? 487 00:26:43,160 --> 00:26:45,359 Speaker 1: Does that matter at all? But I don't think it's 488 00:26:45,400 --> 00:26:48,840 Speaker 1: going to matter to the to the decision, the decision, 489 00:26:49,240 --> 00:26:52,160 Speaker 1: because the ultimate decision will be taken by the government, 490 00:26:52,280 --> 00:26:55,520 Speaker 1: bank and and by the government. I happen to be 491 00:26:55,560 --> 00:26:57,760 Speaker 1: a Chelsea fan as well, and I know that the 492 00:26:57,800 --> 00:27:01,840 Speaker 1: fan base obviously is very varied, it's very diversified. But 493 00:27:02,359 --> 00:27:06,000 Speaker 1: in general and England fans, they can see that if 494 00:27:06,400 --> 00:27:11,199 Speaker 1: the clubs are owned by states, polligarchs or whatever, they 495 00:27:11,280 --> 00:27:13,840 Speaker 1: tend to do better because they spend more on players. 496 00:27:14,480 --> 00:27:18,320 Speaker 1: So there's a inevitably there's there's a big chunk of 497 00:27:18,359 --> 00:27:21,480 Speaker 1: the fan base that, Um, it's very loyal still to 498 00:27:21,640 --> 00:27:24,320 Speaker 1: Roman have promoted Hi because of you know, the way 499 00:27:24,359 --> 00:27:27,400 Speaker 1: that he spent so much money on the team. But basically, 500 00:27:27,560 --> 00:27:30,320 Speaker 1: I mean, if you if you want a view, I mean, 501 00:27:30,640 --> 00:27:35,280 Speaker 1: they are wary of any American buyer, but Todd Bowley 502 00:27:36,040 --> 00:27:41,400 Speaker 1: is probably one of the you know, least criticized by them. Um, 503 00:27:42,200 --> 00:27:44,600 Speaker 1: And I think I think Todd Bowley has has done 504 00:27:44,640 --> 00:27:47,800 Speaker 1: a very good job in terms of his pr I mean, 505 00:27:48,920 --> 00:27:51,280 Speaker 1: you know, he's kind of settled right things. He's an 506 00:27:51,359 --> 00:27:54,280 Speaker 1: interview with Bloomberg in two thousand nineteen where he he 507 00:27:54,400 --> 00:27:56,680 Speaker 1: said he was a great father Premier League he really 508 00:27:56,720 --> 00:28:00,119 Speaker 1: loved it. You know, he's he's put money into his 509 00:28:00,200 --> 00:28:04,960 Speaker 1: own sports investments and that they've named two new people 510 00:28:05,160 --> 00:28:07,600 Speaker 1: as possible board members if they take over both the 511 00:28:07,680 --> 00:28:12,840 Speaker 1: Chelsea supporters and both talk you know, very passionately about 512 00:28:12,920 --> 00:28:16,600 Speaker 1: supporter involvement, and one is a woman. I mean the 513 00:28:16,920 --> 00:28:18,680 Speaker 1: thing that one of the things that struck me about 514 00:28:18,720 --> 00:28:20,840 Speaker 1: this list of names of people that want to buy 515 00:28:20,840 --> 00:28:24,159 Speaker 1: a Chelsea football club. Up until today, there has been 516 00:28:24,280 --> 00:28:27,679 Speaker 1: no women at all, even though Chelsea has the one 517 00:28:27,720 --> 00:28:31,399 Speaker 1: of the most successful women's teams in Europe, none of 518 00:28:31,440 --> 00:28:33,480 Speaker 1: the groups that sort of putting a woman on board. 519 00:28:33,520 --> 00:28:36,800 Speaker 1: And Todd Bowlie has done that with Barbara Sharone and 520 00:28:38,400 --> 00:28:40,360 Speaker 1: you know, I think that's quite a clever move really, 521 00:28:40,680 --> 00:28:44,800 Speaker 1: um because he's also got a Tottenham Sport on board, 522 00:28:44,840 --> 00:28:46,880 Speaker 1: which is not a great move in the fan sizes, 523 00:28:46,960 --> 00:28:48,880 Speaker 1: but you know, I think I think that can be 524 00:28:49,120 --> 00:28:52,160 Speaker 1: overlooked if if he's got you know, the balance of 525 00:28:52,240 --> 00:28:55,959 Speaker 1: the board. Right. That's David Hellier, Bloomberg UK Business Reporter. 526 00:28:57,560 --> 00:29:00,360 Speaker 1: This is the Bloomberg Business of Sports show. We explore 527 00:29:00,400 --> 00:29:02,479 Speaker 1: the big money issues in the world of sports. I'm 528 00:29:02,520 --> 00:29:05,600 Speaker 1: Michael Barr, I'm Scarlett Poe. I'm Mike Lynch and welcome 529 00:29:05,640 --> 00:29:08,240 Speaker 1: to homecoming week here on the Bloomberg Business for Sports. 530 00:29:09,400 --> 00:29:17,000 Speaker 1: Jason Keller actual house, Welcome back, Kelly. Thank you we 531 00:29:17,360 --> 00:29:20,720 Speaker 1: have him here because as you know, this is n 532 00:29:20,840 --> 00:29:24,920 Speaker 1: C Double a tournament time and you hear about the 533 00:29:25,000 --> 00:29:28,200 Speaker 1: Brackets for Cause man and yeah, so this is a 534 00:29:28,360 --> 00:29:32,240 Speaker 1: very cool thing that you guys out in radio land 535 00:29:32,280 --> 00:29:34,840 Speaker 1: may or may not be familiar with Bloomberg. For the 536 00:29:34,880 --> 00:29:37,360 Speaker 1: past seven years, the seventh year in a row, we 537 00:29:37,480 --> 00:29:40,080 Speaker 1: get together some of the most influential people on Wall 538 00:29:40,160 --> 00:29:42,840 Speaker 1: Street and in corporate board rooms who've got fifty plus 539 00:29:42,960 --> 00:29:46,320 Speaker 1: people putting up ten thousand dollars apiece and picking a 540 00:29:46,440 --> 00:29:51,800 Speaker 1: charity for the ultimate baller pool. Um, it's called Brackets 541 00:29:51,840 --> 00:29:53,640 Speaker 1: for a Cause. All the money goes to charity. We've 542 00:29:53,720 --> 00:29:57,920 Speaker 1: raised three million dollars plus over the last few years 543 00:29:58,200 --> 00:30:00,520 Speaker 1: and we're going to do it again. And so it's 544 00:30:01,000 --> 00:30:04,800 Speaker 1: team owners. Um Lynchy, we got ste Palauka just for 545 00:30:04,920 --> 00:30:08,600 Speaker 1: you in the mix once again. He's competitive. We've got 546 00:30:08,680 --> 00:30:12,040 Speaker 1: Tony Wrestler who owns the Hawks, who got Dan Gilbert 547 00:30:12,160 --> 00:30:15,880 Speaker 1: from the Cavaliers, and and a whole host of folks 548 00:30:16,160 --> 00:30:19,560 Speaker 1: who David Blitzer down in Philly and with the New 549 00:30:19,640 --> 00:30:23,120 Speaker 1: Jersey Devils as well, So, uh, it's really fun. Mike 550 00:30:23,160 --> 00:30:27,760 Speaker 1: Bloomberg participates. Peter Grower is kind of the chairman of 551 00:30:27,920 --> 00:30:30,520 Speaker 1: this in the competition exactly in addition to being the 552 00:30:30,600 --> 00:30:33,000 Speaker 1: chairman of Bloomberg. So uh, it's a ton of fun. 553 00:30:33,080 --> 00:30:35,239 Speaker 1: And let me tell you, people get into its car. 554 00:30:35,440 --> 00:30:38,440 Speaker 1: People totally get into it. They check, um the rankings 555 00:30:38,520 --> 00:30:41,800 Speaker 1: constantly during the tournament. Can you tell us who's won 556 00:30:41,840 --> 00:30:43,880 Speaker 1: in the past in which charities have done well? So 557 00:30:44,320 --> 00:30:47,719 Speaker 1: last year was especially exciting because Jenny Johnson over at 558 00:30:47,760 --> 00:30:52,640 Speaker 1: Franklin Templeton. She is she was first time player. She won. 559 00:30:53,240 --> 00:30:55,600 Speaker 1: She won on behalf of Girls who invest in. What's 560 00:30:55,680 --> 00:31:00,520 Speaker 1: so cool is that, you know, the charities basedly get 561 00:31:00,600 --> 00:31:03,920 Speaker 1: the money directly from all these folks. So Bloomberg doesn't 562 00:31:03,960 --> 00:31:07,160 Speaker 1: you know, ever touch the money in many ways. Um, 563 00:31:07,400 --> 00:31:11,120 Speaker 1: and so this was a quarter million dollars that went 564 00:31:11,720 --> 00:31:14,080 Speaker 1: to Girls who invest because of Jenny Johnson. Gary Cone 565 00:31:14,200 --> 00:31:16,640 Speaker 1: who many people have heard of. He was former president 566 00:31:16,680 --> 00:31:19,640 Speaker 1: of Goldman's X. He was the first winner. Um. Bill 567 00:31:19,760 --> 00:31:24,360 Speaker 1: Ford from General Atlantic he has won before. Jim Chanos, 568 00:31:24,400 --> 00:31:26,560 Speaker 1: a guy you know well Scarlett, he's one before, so 569 00:31:27,280 --> 00:31:30,160 Speaker 1: UM looking for a couple interesting first time winners. One 570 00:31:30,200 --> 00:31:33,640 Speaker 1: of my favorite new people who's playing is Kristin Lemkow, 571 00:31:34,440 --> 00:31:37,360 Speaker 1: who's the CEO of the Wealth Group over at JP Morgan. 572 00:31:37,520 --> 00:31:40,720 Speaker 1: So she's in and we have our first brother sister 573 00:31:40,840 --> 00:31:45,800 Speaker 1: competition because Greg Lemcow also in. He's back again. He 574 00:31:46,360 --> 00:31:49,080 Speaker 1: works over with Michael Dell at MSD Capital. So those 575 00:31:49,120 --> 00:31:51,000 Speaker 1: are those are some folks I'm keeping an eye on, 576 00:31:51,400 --> 00:31:54,400 Speaker 1: excellent And who is Kristin Limcow? What's charity? How she 577 00:31:54,480 --> 00:31:57,320 Speaker 1: identified as the one that she would donate the winnings 578 00:31:57,360 --> 00:31:59,920 Speaker 1: too if if her team, if her bracket comes out 579 00:32:00,080 --> 00:32:03,360 Speaker 1: head she is playing for Global Citizen, of which she 580 00:32:03,480 --> 00:32:05,920 Speaker 1: is on the board. Um, I have to say, uh, 581 00:32:06,160 --> 00:32:07,600 Speaker 1: you know, there are a lot of people who are 582 00:32:07,840 --> 00:32:13,200 Speaker 1: directing their attention toward Ukraine and and the and the 583 00:32:13,360 --> 00:32:15,280 Speaker 1: war that's going on over there, and in fact, a 584 00:32:15,400 --> 00:32:17,680 Speaker 1: lot of the folks are taking us up on our 585 00:32:17,760 --> 00:32:21,840 Speaker 1: offer to make an additional donation of two thousand, twenty 586 00:32:21,880 --> 00:32:24,880 Speaker 1: two dollars in honor of the year to World Central Kitchen, 587 00:32:25,280 --> 00:32:29,959 Speaker 1: which obviously is feeding refugees all around uh this conflict 588 00:32:30,080 --> 00:32:32,200 Speaker 1: and elsewhere around the world. And and uh, you know, 589 00:32:32,240 --> 00:32:35,440 Speaker 1: full disclosure, that is a charity that Bloomberg has supported 590 00:32:36,120 --> 00:32:39,160 Speaker 1: very heartily over the years. So happy to have them 591 00:32:39,200 --> 00:32:42,080 Speaker 1: involved as well. Winner Take All? Is this all this work? So? 592 00:32:42,640 --> 00:32:45,320 Speaker 1: Good question? So it is split among the top three, 593 00:32:45,560 --> 00:32:50,640 Speaker 1: so um so among the top three. So it's divided 594 00:32:50,720 --> 00:32:53,440 Speaker 1: up that way. And uh, we have had some ties 595 00:32:53,480 --> 00:32:55,440 Speaker 1: in the past, and people usually get along. I will 596 00:32:55,560 --> 00:32:58,120 Speaker 1: tell you, Lynch, which you will appreciate because I know 597 00:32:58,520 --> 00:33:01,560 Speaker 1: you you are a sportsman heart. There's some trash talking 598 00:33:01,760 --> 00:33:04,920 Speaker 1: that goes on. I mean, these are very competitive people, 599 00:33:05,320 --> 00:33:07,400 Speaker 1: as you can imagine, and as we get deeper in 600 00:33:07,720 --> 00:33:10,520 Speaker 1: I mean I do, I fully confess. I get emails 601 00:33:10,560 --> 00:33:12,800 Speaker 1: from these guys over the weekend by saying, you know, 602 00:33:12,960 --> 00:33:15,680 Speaker 1: like all right, the way I'm doing the math, it 603 00:33:15,800 --> 00:33:18,040 Speaker 1: looks like, you know, I'm gonna beat this guy. But 604 00:33:18,160 --> 00:33:20,080 Speaker 1: if this team wins and he's gonna beat me, I 605 00:33:20,120 --> 00:33:22,720 Speaker 1: mean it's really uh, it's just like it's just like 606 00:33:22,840 --> 00:33:26,800 Speaker 1: a good old fashioned bracket, but you know, slightly higher stakes. 607 00:33:26,880 --> 00:33:29,520 Speaker 1: How much does each person put in? They put in 608 00:33:29,600 --> 00:33:32,320 Speaker 1: ten tho dollars a piece. Um, so the pool we've 609 00:33:32,360 --> 00:33:36,320 Speaker 1: got about fifty I'm waiting on the very final um count. 610 00:33:36,400 --> 00:33:38,640 Speaker 1: But it looks like we're gonna have fifty three people 611 00:33:38,680 --> 00:33:42,160 Speaker 1: in and so half a million bucks plus on the line. Well, 612 00:33:42,400 --> 00:33:44,360 Speaker 1: let let me ask a question. Who did you pick 613 00:33:44,480 --> 00:33:52,160 Speaker 1: to win it? To George too Soon, that would involve 614 00:33:52,280 --> 00:33:56,040 Speaker 1: winning a single game in the Big East, lynch Um, 615 00:33:57,080 --> 00:34:00,680 Speaker 1: your old pal Patrick Ewing is not he wrote it 616 00:34:00,760 --> 00:34:05,520 Speaker 1: in goodness, Um, I picked. I believe I have Arizona 617 00:34:06,640 --> 00:34:10,560 Speaker 1: a scar. I have Arizona and Gonzaga as the finalists, 618 00:34:10,640 --> 00:34:15,239 Speaker 1: and I have Gonzaga winning, Gonzega and Auburn in the final, 619 00:34:15,360 --> 00:34:18,839 Speaker 1: Gonzaga finally winning. Wow, look at that, I auto field 620 00:34:18,880 --> 00:34:21,400 Speaker 1: that I got the same thing, all right. See my 621 00:34:21,640 --> 00:34:24,799 Speaker 1: theory is you gotta go a little different in order 622 00:34:24,880 --> 00:34:27,440 Speaker 1: to win these things. I got Duke and Kansas going 623 00:34:27,520 --> 00:34:30,719 Speaker 1: to the final because I'm going to ride the coach 624 00:34:30,880 --> 00:34:37,000 Speaker 1: k you know, Ciara Sion Tour. But I've got Kansas 625 00:34:37,360 --> 00:34:41,160 Speaker 1: winning the whole breaking coach is hard, yeah, you know, Well, 626 00:34:41,360 --> 00:34:48,200 Speaker 1: well I'm a cynical man. Jason Man. It's you work 627 00:34:48,320 --> 00:34:51,360 Speaker 1: so hard man for all this for the charity, and 628 00:34:51,480 --> 00:34:54,840 Speaker 1: again it is for a great cause, and thank you, 629 00:34:54,920 --> 00:34:57,160 Speaker 1: it's so great for you. You're gonna have to come 630 00:34:57,160 --> 00:35:00,440 Speaker 1: back and phill Us in yeah, yeah, no, it's going 631 00:35:02,120 --> 00:35:05,879 Speaker 1: we need updates and also the trash Talk highlights. Yes, yeah, 632 00:35:05,920 --> 00:35:08,040 Speaker 1: I'll bring it all of that and more. Thank you 633 00:35:08,640 --> 00:35:11,719 Speaker 1: the Bloomberg brand. It came out on our show for 634 00:35:11,920 --> 00:35:16,279 Speaker 1: this spending all differentegraphy. It was there was a lot 635 00:35:16,400 --> 00:35:18,640 Speaker 1: to talk about, and I think one of the things 636 00:35:18,760 --> 00:35:22,440 Speaker 1: that caught my eye as we were talking about involved 637 00:35:22,520 --> 00:35:28,600 Speaker 1: the Saudi backed golf series and it was interesting to 638 00:35:28,719 --> 00:35:33,319 Speaker 1: me was that one we know they're so far now 639 00:35:33,600 --> 00:35:37,279 Speaker 1: no p g A players, but I'm wondering, now you 640 00:35:37,320 --> 00:35:41,279 Speaker 1: put two fifty million dollars up, who's going to jump ship? Scar? 641 00:35:41,640 --> 00:35:44,160 Speaker 1: You know I'm wondering too, because Lynchy, you were telling 642 00:35:44,280 --> 00:35:47,920 Speaker 1: us that Tiger Woods is kind of retired. He's playing 643 00:35:47,960 --> 00:35:50,520 Speaker 1: part time. He's not fully retired, but he is right, 644 00:35:50,600 --> 00:35:53,520 Speaker 1: he's going to play some tournaments. He will he will 645 00:35:53,560 --> 00:35:56,840 Speaker 1: not take this. Uh, he's too much to lose. But 646 00:35:56,960 --> 00:35:58,239 Speaker 1: what if they what if they make it so that 647 00:35:58,320 --> 00:35:59,839 Speaker 1: he doesn't have to walk the course? What if they 648 00:36:00,000 --> 00:36:02,320 Speaker 1: will drive him around? I mean if the issue is 649 00:36:02,400 --> 00:36:06,080 Speaker 1: that he can't he can't walk the course because of 650 00:36:06,160 --> 00:36:08,480 Speaker 1: his back, what if they make accommodations for him, and 651 00:36:08,600 --> 00:36:10,520 Speaker 1: they just need a celebrity to come on, not not 652 00:36:10,800 --> 00:36:13,879 Speaker 1: a celebrity, but a star to come on. He's he's 653 00:36:13,920 --> 00:36:17,880 Speaker 1: accomplished so much personally and so much for his followers, 654 00:36:18,400 --> 00:36:21,560 Speaker 1: so much from minorities in the game that he would 655 00:36:21,600 --> 00:36:23,680 Speaker 1: not want to have an asterisk next to his name 656 00:36:23,719 --> 00:36:25,759 Speaker 1: and go over and just play in the league for 657 00:36:26,120 --> 00:36:29,080 Speaker 1: thirty million dollars. He can go over to any place 658 00:36:29,160 --> 00:36:31,200 Speaker 1: in the world for an appearance fee and probably get 659 00:36:31,239 --> 00:36:33,560 Speaker 1: ten to fifteen million dollars just for one weekend and 660 00:36:33,640 --> 00:36:37,400 Speaker 1: not jeopardizes standing on the PGA Tour. I see it 661 00:36:37,480 --> 00:36:40,040 Speaker 1: more for guys like Michelson is very um you know, 662 00:36:40,239 --> 00:36:42,920 Speaker 1: interested in this. Lee Westwood is a guy who's a 663 00:36:42,960 --> 00:36:45,200 Speaker 1: lot of the guys who are approaching fifty years old 664 00:36:45,200 --> 00:36:47,239 Speaker 1: who just can't bang the ball as far as some 665 00:36:47,360 --> 00:36:48,960 Speaker 1: of the young guys on the tour. They can't hit 666 00:36:49,000 --> 00:36:51,319 Speaker 1: some of these par fives and two anymore. It will 667 00:36:51,360 --> 00:36:54,759 Speaker 1: be more enticing to them. Yeah, sort of like like 668 00:36:54,840 --> 00:36:56,879 Speaker 1: when when the scene it's now called the Champions Tour, 669 00:36:56,960 --> 00:36:59,879 Speaker 1: but the Senior Tour started about the forty years ago, 670 00:37:00,520 --> 00:37:03,239 Speaker 1: and they lost some of these big players over there 671 00:37:03,280 --> 00:37:06,000 Speaker 1: to play. Um, you know, without a star and without 672 00:37:06,000 --> 00:37:09,040 Speaker 1: a broadcast partner. I no matter how much money that 673 00:37:09,160 --> 00:37:12,400 Speaker 1: the Saudi government is putting up, this thing isn't gonna fly. 674 00:37:13,360 --> 00:37:16,640 Speaker 1: Mondros if you don't want to pick kids, feels better 675 00:37:16,719 --> 00:37:18,440 Speaker 1: to be the one than number five. I'll wear a 676 00:37:18,520 --> 00:37:20,160 Speaker 1: number because of Mike. We have a chance to go 677 00:37:20,280 --> 00:37:22,120 Speaker 1: for three in a row. Good numbers are a good time. 678 00:37:22,120 --> 00:37:24,120 Speaker 1: When I first started wearing the number, how we just 679 00:37:24,200 --> 00:37:27,640 Speaker 1: have been proud Bloomberg Business of Sports, the Number of 680 00:37:27,719 --> 00:37:32,880 Speaker 1: the week. Jason Kelly has agreed to sit and stand 681 00:37:32,960 --> 00:37:35,560 Speaker 1: by here for us because you know what it's time for. 682 00:37:36,360 --> 00:37:39,439 Speaker 1: It's time for the number of the week. We've got 683 00:37:39,800 --> 00:37:43,080 Speaker 1: it's a three player combo this time. Now two people 684 00:37:43,120 --> 00:37:46,920 Speaker 1: take it, yeah, exactly two people losing the lynch in 685 00:37:47,080 --> 00:37:50,440 Speaker 1: honor of the n C Double A. I'm gonna go 686 00:37:50,520 --> 00:37:54,400 Speaker 1: a little history on you here. I want the highest 687 00:37:54,640 --> 00:37:59,759 Speaker 1: scoring game. I want the total between the two teams. Now, 688 00:37:59,800 --> 00:38:04,800 Speaker 1: I tell you this happened in It was Troy State 689 00:38:05,040 --> 00:38:11,280 Speaker 1: versus DVD. Uh yeah, really dry and uh they played 690 00:38:11,280 --> 00:38:16,040 Speaker 1: as a Division two games and they played it January twelve, 691 00:38:17,160 --> 00:38:21,360 Speaker 1: and this was the total score between the two teams. 692 00:38:22,600 --> 00:38:27,320 Speaker 1: And who would like to start out first? Lynch, let's go. 693 00:38:27,600 --> 00:38:32,879 Speaker 1: I don't know, I'm gonna throw up to fifty. I'm 694 00:38:32,880 --> 00:38:39,000 Speaker 1: gonna say to Sea, I'll take the middle and go 695 00:38:39,120 --> 00:38:51,280 Speaker 1: to sixty. Well, Scar, you want points. Davry scored one points. 696 00:38:52,200 --> 00:38:55,800 Speaker 1: Now you would think, now that's a dag on good score. 697 00:38:57,360 --> 00:39:03,760 Speaker 1: But the Trojans scored two fifty eight points. The total 698 00:39:04,040 --> 00:39:08,360 Speaker 1: was three hundred nine nine. Wasn't even close that the 699 00:39:08,520 --> 00:39:12,000 Speaker 1: score was so high for the Trojans. They just had 700 00:39:12,040 --> 00:39:14,359 Speaker 1: to put fifty eight because they couldn't. They couldn't even 701 00:39:14,400 --> 00:39:17,640 Speaker 1: put the two up there. That's how bad the scoreboard 702 00:39:17,640 --> 00:39:19,880 Speaker 1: and the score boards like the heck with this, I 703 00:39:20,000 --> 00:39:23,839 Speaker 1: can't do with this anymore. Somebody else count us? Yeah, Scar, 704 00:39:24,120 --> 00:39:29,200 Speaker 1: you want? Jason was good luck for you, Okay. I 705 00:39:29,360 --> 00:39:33,120 Speaker 1: was like the shiny object for distracting you could sweep 706 00:39:33,160 --> 00:39:36,040 Speaker 1: into the victory. So you're welcome. He was holding the kryptonite. 707 00:39:36,840 --> 00:39:39,400 Speaker 1: It's so sweet, victory, so sweet? What's wrong? Then you 708 00:39:39,480 --> 00:39:42,200 Speaker 1: want me to say? Who one? Now? I'm still recovering 709 00:39:42,239 --> 00:39:43,960 Speaker 1: from the kryptonite that he was holding in front of 710 00:39:46,360 --> 00:39:48,560 Speaker 1: This is the Bloomberg business of sports show. We are 711 00:39:48,600 --> 00:39:50,680 Speaker 1: each and every week for you at the same time, 712 00:39:50,760 --> 00:39:53,279 Speaker 1: plus online wherever you get your podcast. You can catch 713 00:39:53,360 --> 00:39:55,759 Speaker 1: those Mondays, Wednesdays and Thursdays on Michael Barr and Twitter. 714 00:39:55,840 --> 00:39:58,200 Speaker 1: In Big Bar Sports, I'm Scarlet Food. You can find 715 00:39:58,239 --> 00:40:00,319 Speaker 1: me on Twitter at Scarlet Food and for one Jason 716 00:40:00,360 --> 00:40:02,520 Speaker 1: Kelly and I teamed up and we defeated Mike Lynch. 717 00:40:03,000 --> 00:40:05,000 Speaker 1: Watch out for next week. That's all I'm gonna say. 718 00:40:05,360 --> 00:40:07,480 Speaker 1: If this was March fifteenth, I'd say'd be were the 719 00:40:07,520 --> 00:40:09,600 Speaker 1: Eyes of March, but we were of Lynchy next week 720 00:40:09,640 --> 00:40:12,080 Speaker 1: and you can follow me at Lynchy w CVB. Thanks 721 00:40:12,120 --> 00:40:15,480 Speaker 1: for joining. Tune in again next week for the latest 722 00:40:15,560 --> 00:40:17,640 Speaker 1: on the stories moving big money in the world of sports. 723 00:40:17,640 --> 00:40:20,839 Speaker 1: You're listening Bloomberg is worth Bloomberg Radio around the world.