1
00:00:00,280 --> 00:00:03,760
Speaker 1: This is the business of sports. Should Major League Baseball

2
00:00:04,000 --> 00:00:06,840
Speaker 1: shorten up the season? How do we present football to

3
00:00:06,920 --> 00:00:08,920
Speaker 1: the audience of the future. I don't think that most

4
00:00:08,920 --> 00:00:11,640
Speaker 1: players understand the power that they have. Michael Barr. The

5
00:00:11,720 --> 00:00:15,520
Speaker 1: future of IndyCar racing is looking bright. Scott Sash very

6
00:00:15,560 --> 00:00:18,959
Speaker 1: basic math here, more bidders means more money. Evan Nobody Williams,

7
00:00:18,960 --> 00:00:22,079
Speaker 1: the team value has essentially quadruples. And the leaders in

8
00:00:22,120 --> 00:00:25,480
Speaker 1: the sports industry time to bring in our guest, Al Steimbrunner,

9
00:00:25,600 --> 00:00:29,320
Speaker 1: National Hockey League Commissioner Gary Betman, Atlanta Braves president Derek Schiller,

10
00:00:29,400 --> 00:00:34,600
Speaker 1: Patriots President Jonathan Kraft. Bloomberg Business of Sports from Bloomberg Radio. Hello,

11
00:00:34,640 --> 00:00:38,080
Speaker 1: I'm Scott, I'm Evan Nobody Williams, and I'm Michael Barr.

12
00:00:38,120 --> 00:00:40,720
Speaker 1: And this is the Bloomberg Business of Sports, where we

13
00:00:41,400 --> 00:00:43,599
Speaker 1: take a look at some of the big stories that

14
00:00:43,640 --> 00:00:46,560
Speaker 1: have been taking place. We should you want to do it,

15
00:00:46,600 --> 00:00:49,199
Speaker 1: We'll try that. Let's do it alright, ready, just do

16
00:00:49,240 --> 00:00:52,120
Speaker 1: the let's keep this, but let's do it again, okay, alright,

17
00:00:52,159 --> 00:00:55,480
Speaker 1: where this will be part of the show where we

18
00:00:56,240 --> 00:00:58,319
Speaker 1: and Evan doesn't even think he's just sitting there doing

19
00:00:58,400 --> 00:01:00,520
Speaker 1: nothing said, you know what you know wise like that

20
00:01:00,520 --> 00:01:02,400
Speaker 1: look him? Does he look more lethar if he makes

21
00:01:02,520 --> 00:01:06,559
Speaker 1: errors today? He has not had his serial yet this morning.

22
00:01:07,480 --> 00:01:11,000
Speaker 1: He's operating it about what what what? I don't want

23
00:01:11,000 --> 00:01:19,400
Speaker 1: to say. I want to do a poll. What's your

24
00:01:19,480 --> 00:01:24,679
Speaker 1: favorite cereal? Okay? Like if I had to have one

25
00:01:24,720 --> 00:01:26,039
Speaker 1: for the rest of my life, one for the rest

26
00:01:26,040 --> 00:01:28,360
Speaker 1: of you cross, I think, I think, because yeah, it

27
00:01:28,400 --> 00:01:32,360
Speaker 1: was just wet, dry snack. Yeah for us person weeks. Yeah,

28
00:01:32,880 --> 00:01:35,399
Speaker 1: went healthy. I was gonna get healthy. It's covered in sugar,

29
00:01:36,560 --> 00:01:42,960
Speaker 1: the rees, you know, the Reese's things, the Yeah, yeah,

30
00:01:43,319 --> 00:01:49,200
Speaker 1: that's that's the meat titled to your serial opinion. Oh man,

31
00:01:49,320 --> 00:01:52,040
Speaker 1: maybe I'll put that. I'll put that on the Twitter page. Alright, alright,

32
00:01:52,080 --> 00:01:55,640
Speaker 1: we'll do that. Uh let's start with Major League Soccer

33
00:01:55,760 --> 00:01:59,760
Speaker 1: and valuations. Uh so we got a number of teams,

34
00:02:00,360 --> 00:02:04,120
Speaker 1: Lanta United, New York City FC. What are we looking

35
00:02:04,160 --> 00:02:06,720
Speaker 1: at here? Well, I just marvel. I don't know, Evan,

36
00:02:06,760 --> 00:02:09,480
Speaker 1: you do to it at what Atlanta has done. I

37
00:02:09,520 --> 00:02:14,240
Speaker 1: mean sometimes they joined seventy thousand, they sell how much

38
00:02:14,320 --> 00:02:17,440
Speaker 1: merch It's like that they're responsible for quarter of the

39
00:02:17,520 --> 00:02:20,480
Speaker 1: league's merchandise sales. I mean, that's that gets, that gets

40
00:02:20,600 --> 00:02:23,480
Speaker 1: you know, shared. But look at the valuation now of

41
00:02:23,560 --> 00:02:28,400
Speaker 1: that team, Arthur Blank's Club, three hundred and thirty million dollars.

42
00:02:28,840 --> 00:02:33,040
Speaker 1: We are now discussing real dollars for MLS franchises and

43
00:02:33,120 --> 00:02:36,320
Speaker 1: it's not sort of this mom and pop organization anymore.

44
00:02:37,000 --> 00:02:39,760
Speaker 1: My favorite stat about that Atlanta United team, they sold

45
00:02:39,800 --> 00:02:41,760
Speaker 1: over a million tickets this year, which is which is

46
00:02:41,800 --> 00:02:44,480
Speaker 1: a huge number for soccer soccer. You know, they tout

47
00:02:44,520 --> 00:02:47,360
Speaker 1: that as more than you know, basketball teams and hockey teams. Obviously,

48
00:02:47,360 --> 00:02:50,040
Speaker 1: the stadium is much bigger. They sold more more tickets

49
00:02:50,040 --> 00:02:53,280
Speaker 1: than the Florida Marlins this year or the Miami Marlins.

50
00:02:53,320 --> 00:02:55,919
Speaker 1: I should say, that's that's wild, you know, a lot

51
00:02:55,960 --> 00:03:00,000
Speaker 1: fewer games. Um, it's the only baseball team they outsold. Um.

52
00:03:00,080 --> 00:03:01,919
Speaker 1: When you have MLS teams that are that are out

53
00:03:01,960 --> 00:03:05,320
Speaker 1: selling selling more tickets than the Major League Baseball teams,

54
00:03:05,840 --> 00:03:08,200
Speaker 1: that's a great harbinger for the future of of MLS.

55
00:03:08,320 --> 00:03:11,880
Speaker 1: The question is can other teams do it? Yeah? Like

56
00:03:11,960 --> 00:03:14,040
Speaker 1: what what happened in that? Like why why is this

57
00:03:14,120 --> 00:03:17,360
Speaker 1: working on it? But overall, five Atlanta players rank them

58
00:03:17,360 --> 00:03:20,040
Speaker 1: on the top twenty five top selling jerseys. No other

59
00:03:20,080 --> 00:03:22,680
Speaker 1: club has more than three on the list. This town

60
00:03:22,880 --> 00:03:27,480
Speaker 1: has embraced this team, and I'm not sure even Arthur

61
00:03:27,560 --> 00:03:29,040
Speaker 1: had an answer for it when he was on the show,

62
00:03:29,080 --> 00:03:31,919
Speaker 1: was too What is it? What resonates with this club?

63
00:03:32,480 --> 00:03:34,760
Speaker 1: I don't know, but it's working. So here here's some

64
00:03:34,840 --> 00:03:37,680
Speaker 1: questions for you. You know, this is year two for

65
00:03:37,680 --> 00:03:40,760
Speaker 1: for for the team. What does it say about MLS

66
00:03:40,920 --> 00:03:43,880
Speaker 1: that a second year expansion team is now the most

67
00:03:43,960 --> 00:03:46,480
Speaker 1: valuable team in the league. And if you look down

68
00:03:46,520 --> 00:03:49,080
Speaker 1: the list l a f C first year expansion teams

69
00:03:49,160 --> 00:03:52,840
Speaker 1: number four, what does it say you can join the

70
00:03:52,920 --> 00:03:57,080
Speaker 1: league and bam, you're already the top the most valuable

71
00:03:57,240 --> 00:04:00,120
Speaker 1: franchise in the league itself. I think you can say

72
00:04:00,120 --> 00:04:02,480
Speaker 1: perhaps lessons have been learned and they're doing things a

73
00:04:02,520 --> 00:04:05,240
Speaker 1: bit differently, but still to draw that many I don't know.

74
00:04:05,480 --> 00:04:07,880
Speaker 1: You can't put in your business plan. I would have

75
00:04:07,880 --> 00:04:10,760
Speaker 1: liked let me see the original deck on this idea

76
00:04:10,960 --> 00:04:14,440
Speaker 1: for an Atlanta team in MLS. If they put we

77
00:04:14,520 --> 00:04:16,920
Speaker 1: got to top a million in attendance, we're gonna sell

78
00:04:16,960 --> 00:04:21,040
Speaker 1: this many jerseys, Bollwinkle. So nobody could have predicted this,

79
00:04:21,080 --> 00:04:23,560
Speaker 1: As Arthur told us on the podcast about a month ago.

80
00:04:23,680 --> 00:04:26,520
Speaker 1: You know, he admitted that, you know, the the soccer

81
00:04:26,560 --> 00:04:28,880
Speaker 1: games in that stadium, the one point six billion dollar

82
00:04:29,000 --> 00:04:32,680
Speaker 1: Mercedes ben Stadium, are more exciting than than Falcons games. Right.

83
00:04:33,000 --> 00:04:34,919
Speaker 1: See what's impressed to me? By the way, nothing up

84
00:04:34,960 --> 00:04:37,280
Speaker 1: our sleeve. You see what I did there too, because

85
00:04:37,279 --> 00:04:40,680
Speaker 1: you said Bullwinkle and I didn't say Rocky. You didn't

86
00:04:40,680 --> 00:04:45,479
Speaker 1: say Boris and Natashas though. Anyway, U what impresses me

87
00:04:45,520 --> 00:04:49,480
Speaker 1: about this? The Seattle Sounders home game attendance. It has

88
00:04:49,560 --> 00:04:54,520
Speaker 1: drawn over fans per game. I'm not talking about the semifinals.

89
00:04:54,560 --> 00:04:57,520
Speaker 1: We're talking about You want to talk about events you

90
00:04:57,520 --> 00:04:58,800
Speaker 1: want to go see and you want to be a

91
00:04:58,800 --> 00:05:02,360
Speaker 1: part of, just for ambiance to do as a fan. Um, yeah,

92
00:05:02,400 --> 00:05:05,360
Speaker 1: of course you got Yankees, red socks. You hear about

93
00:05:05,400 --> 00:05:07,640
Speaker 1: the big the big stuff Islanders Rangers. I mean, I'm

94
00:05:07,640 --> 00:05:09,560
Speaker 1: sure Toronto Montreal, that's a But you know what you

95
00:05:09,560 --> 00:05:10,880
Speaker 1: want to go see even you wanna have a good

96
00:05:10,880 --> 00:05:13,680
Speaker 1: time Portland Seattle there, you want to go see the

97
00:05:13,680 --> 00:05:18,000
Speaker 1: Timbers play the Sounders. The place is bongo. I mean,

98
00:05:18,120 --> 00:05:20,520
Speaker 1: it's nuts. You get ambience like that. And what if

99
00:05:20,520 --> 00:05:22,920
Speaker 1: we always said about sports entertainment. You can't guarantee you're

100
00:05:22,920 --> 00:05:28,120
Speaker 1: gonna win, but you can guarantee atmosphere. You can guarantee

101
00:05:28,160 --> 00:05:30,840
Speaker 1: the fan experience. And I'll tell you, for the two

102
00:05:30,920 --> 00:05:33,680
Speaker 1: hours you're going to invest in a Timber Sounders game,

103
00:05:33,720 --> 00:05:35,520
Speaker 1: you're gonna walk out of there and go, I got

104
00:05:35,560 --> 00:05:41,120
Speaker 1: every penny of my money's worth. Looking forward for MLS,

105
00:05:40,920 --> 00:05:44,640
Speaker 1: as as many listeners will know, they're expanding rapidly. You know,

106
00:05:44,680 --> 00:05:46,400
Speaker 1: in the next couple of years, we're gonna see new

107
00:05:46,440 --> 00:05:51,760
Speaker 1: franchises in Miami, Cincinnati, Nashville, Austin. There's gonna be another

108
00:05:51,760 --> 00:05:53,480
Speaker 1: one in there. They're gonna get this team this league

109
00:05:53,520 --> 00:05:55,800
Speaker 1: up to twenty eight, if not more. Will be interesting

110
00:05:55,800 --> 00:05:58,320
Speaker 1: to see if if other new franchises can kind of

111
00:05:58,360 --> 00:06:01,480
Speaker 1: continue this trend of joining the league and immediately kind

112
00:06:01,480 --> 00:06:05,440
Speaker 1: of vaulting themselves towards the top of of the valuation charge.

113
00:06:05,600 --> 00:06:07,280
Speaker 1: Well the spread isn't that day at landed number one

114
00:06:07,279 --> 00:06:09,240
Speaker 1: at three thirty and then you've got Red Bull at

115
00:06:09,240 --> 00:06:11,520
Speaker 1: eleven at two hundred and fifty million. Those teams are

116
00:06:11,520 --> 00:06:14,400
Speaker 1: playing each other in those but you've I mean, that's

117
00:06:14,760 --> 00:06:17,599
Speaker 1: an eighty million dollars spread. Okay, Yeah, that's one to eleven.

118
00:06:18,000 --> 00:06:20,560
Speaker 1: That's pretty good. One other thing that I did took

119
00:06:20,560 --> 00:06:22,279
Speaker 1: some notes on this because I was curious. You know,

120
00:06:22,320 --> 00:06:25,680
Speaker 1: people talk a lot about the exorbitant expansion fees in

121
00:06:25,839 --> 00:06:28,039
Speaker 1: MLS and whether that's kind of propping up the health

122
00:06:28,080 --> 00:06:30,760
Speaker 1: of the league as a whole. MLS expansion fee right

123
00:06:30,760 --> 00:06:33,760
Speaker 1: now a hundred fifty million dollars, you know, average according

124
00:06:33,800 --> 00:06:35,760
Speaker 1: to four of the average franchise value is two hundred

125
00:06:35,839 --> 00:06:39,520
Speaker 1: forty million UM. In the NHL, Seattle's paying a six

126
00:06:39,720 --> 00:06:41,960
Speaker 1: d fifty million dollar likely going to pay a six

127
00:06:42,040 --> 00:06:45,000
Speaker 1: hundred fifty million dollar expansion fee, and the average value

128
00:06:45,000 --> 00:06:47,120
Speaker 1: of the teams there is under six hundred million. So

129
00:06:47,120 --> 00:06:50,280
Speaker 1: so the NHL expansion value is more than the average

130
00:06:51,000 --> 00:06:54,479
Speaker 1: average valuation of a team, whereas an MLS it's significantly less.

131
00:06:54,560 --> 00:06:56,279
Speaker 1: So you're saying, if you're looking to spend your money,

132
00:06:56,320 --> 00:06:58,120
Speaker 1: maybe an MLS team is the way to go. Yeah,

133
00:06:58,120 --> 00:07:00,400
Speaker 1: I was actually surprised. I kind of thought that, given

134
00:07:00,440 --> 00:07:05,080
Speaker 1: all the talk about MLS expansion valuations, that they've mansioned

135
00:07:05,080 --> 00:07:07,320
Speaker 1: fee and soccer would have been a bigger portion of

136
00:07:07,360 --> 00:07:10,320
Speaker 1: the average valuation than what was in the h On

137
00:07:10,320 --> 00:07:12,240
Speaker 1: the flip side, that we do always keep saying, show me,

138
00:07:12,360 --> 00:07:14,880
Speaker 1: so we what justifies the valuations of the MLS teams.

139
00:07:14,880 --> 00:07:17,280
Speaker 1: The revenue is not there yet, but it's this promise

140
00:07:17,320 --> 00:07:19,840
Speaker 1: of this media scale world. And a lot of these

141
00:07:19,840 --> 00:07:22,200
Speaker 1: are also, by the way, real estate investments, as we

142
00:07:22,240 --> 00:07:25,640
Speaker 1: talked about all the time, very interesting to see if

143
00:07:25,680 --> 00:07:29,440
Speaker 1: the trajectory continues and he's become justice. Yeah, talking real estate,

144
00:07:29,600 --> 00:07:31,240
Speaker 1: l a f C number four on the list of

145
00:07:31,280 --> 00:07:34,960
Speaker 1: three five million dollars that does not include Bank of

146
00:07:34,960 --> 00:07:37,440
Speaker 1: California Stadium, you know, which they pay I think three

147
00:07:37,760 --> 00:07:41,800
Speaker 1: fifty million dollars to build as well. Um, so obviously

148
00:07:41,840 --> 00:07:44,200
Speaker 1: the valuation of that club is significantly higher. I fu

149
00:07:44,280 --> 00:07:46,200
Speaker 1: factor in the building they play And what if Beck

150
00:07:46,200 --> 00:07:47,920
Speaker 1: can play? What was his what his playing deal? What

151
00:07:47,960 --> 00:07:49,720
Speaker 1: was it like? Ten million? For these had the rights

152
00:07:49,720 --> 00:07:54,559
Speaker 1: of the expansion team back in his original for for

153
00:07:54,560 --> 00:08:00,680
Speaker 1: for expansion David, Yeah, that's that's exactly right. Um. This

154
00:08:00,720 --> 00:08:07,880
Speaker 1: next one falls under what the hell? What the hell? Man?

155
00:08:09,280 --> 00:08:14,800
Speaker 1: The story very nineteen year old. She's a cross country

156
00:08:14,880 --> 00:08:21,480
Speaker 1: runner for for college in Buffalo, Emily Check and she

157
00:08:21,760 --> 00:08:25,400
Speaker 1: got several text messages from her mom when she moved

158
00:08:25,440 --> 00:08:31,320
Speaker 1: back on to campus and Apparently the mom disavowned her

159
00:08:31,480 --> 00:08:38,080
Speaker 1: because she's that she saw some pictures of her daughter

160
00:08:38,120 --> 00:08:40,400
Speaker 1: had not told her yet, but she saw some photos

161
00:08:40,440 --> 00:08:43,079
Speaker 1: online of with her girlfriend, and in essence, yeah, the

162
00:08:43,080 --> 00:08:44,920
Speaker 1: family disowner and said you're out, You're on your own,

163
00:08:44,920 --> 00:08:48,120
Speaker 1: you're done. So a roommate launched a go fund me

164
00:08:48,240 --> 00:08:52,480
Speaker 1: campaign to raise money for check to eat and so

165
00:08:52,600 --> 00:08:54,440
Speaker 1: she could live. I mean, she didn't have any money.

166
00:08:54,559 --> 00:08:57,520
Speaker 1: They just like they wanted. They wanted five thousand, that

167
00:08:57,600 --> 00:09:01,199
Speaker 1: was the goal. Yeah, she got fifty eight and counting, right,

168
00:09:01,280 --> 00:09:03,920
Speaker 1: so it's a hundred thousand now, so good news, right

169
00:09:03,960 --> 00:09:07,600
Speaker 1: if you're great news, except Mr Novi Williams. Yeah, she's

170
00:09:07,640 --> 00:09:10,840
Speaker 1: a she's a runner and cross country runner. You know,

171
00:09:10,840 --> 00:09:18,720
Speaker 1: the n c A frowns upon necessary or unauthorized financial support.

172
00:09:19,120 --> 00:09:22,079
Speaker 1: They stepped in originally and said, you have a choice.

173
00:09:22,120 --> 00:09:26,480
Speaker 1: You can keep this money, or you can lose your eligibility,

174
00:09:26,600 --> 00:09:29,640
Speaker 1: or you can you can keep your eligibility and not

175
00:09:29,679 --> 00:09:32,280
Speaker 1: take the money, which, you know, given her situation, was

176
00:09:32,600 --> 00:09:35,880
Speaker 1: an obvious choice, right, she was going to take money

177
00:09:35,960 --> 00:09:38,720
Speaker 1: so she could you know, continue to live. Um And

178
00:09:38,760 --> 00:09:42,160
Speaker 1: then the n c A reversed that decision, announcing that

179
00:09:42,240 --> 00:09:44,480
Speaker 1: you know, because it was and the statement is vague,

180
00:09:44,480 --> 00:09:47,640
Speaker 1: but because it was a significant life event, um that

181
00:09:47,679 --> 00:09:49,319
Speaker 1: they were they were going to allow her to keep

182
00:09:49,360 --> 00:09:52,760
Speaker 1: the money and retain her eligibility at Kinnecius. We love

183
00:09:52,840 --> 00:09:55,600
Speaker 1: that they got to the I think what everybody would say.

184
00:09:55,600 --> 00:09:57,600
Speaker 1: I love that they got to the right place, but

185
00:09:58,880 --> 00:10:03,800
Speaker 1: they did not as the crow flies. I'm of two

186
00:10:03,840 --> 00:10:06,800
Speaker 1: minds here because one, this is obviously the right decision,

187
00:10:06,960 --> 00:10:10,200
Speaker 1: and props to the n c A for even though

188
00:10:10,320 --> 00:10:13,360
Speaker 1: even though they didn't maybe make it immediately, you know,

189
00:10:13,720 --> 00:10:17,280
Speaker 1: in the end, the right thing is happening here. Um. However,

190
00:10:18,040 --> 00:10:21,960
Speaker 1: it does seem, you know, yet another example of kind

191
00:10:21,960 --> 00:10:26,480
Speaker 1: of totally arbitrary and inconsistent approach by the n c

192
00:10:26,600 --> 00:10:28,160
Speaker 1: A when it comes to these things. You know. A

193
00:10:28,200 --> 00:10:32,360
Speaker 1: couple of months ago, a linebacker at Tennessee State, Christian

194
00:10:32,360 --> 00:10:35,839
Speaker 1: Abercrombie UH was hurt, you know, life threatening injury in

195
00:10:36,040 --> 00:10:39,640
Speaker 1: the middle of a game, taking the hospital at emergency surgery. UM.

196
00:10:39,679 --> 00:10:41,760
Speaker 1: In the aftermath of that hit, a number of go

197
00:10:41,920 --> 00:10:44,840
Speaker 1: fund Me pages popped up for him. UM. The n

198
00:10:44,880 --> 00:10:48,359
Speaker 1: c A worked with the school determined that those were unauthorized.

199
00:10:48,679 --> 00:10:51,040
Speaker 1: This is according to the Tennessee and and then later

200
00:10:51,120 --> 00:10:53,839
Speaker 1: on kind of launched a school initiated go fund me

201
00:10:53,920 --> 00:10:57,480
Speaker 1: page that didn't raise as much money. Um, they had

202
00:10:57,480 --> 00:10:59,880
Speaker 1: shut down the two that were propped up immediately. A

203
00:11:00,000 --> 00:11:02,160
Speaker 1: lot of people felt like it was ridiculous for the

204
00:11:02,240 --> 00:11:04,640
Speaker 1: n c A. And if you're talking about significant life events,

205
00:11:04,720 --> 00:11:07,960
Speaker 1: I think a catastrophic life threatening injury in the middle

206
00:11:08,000 --> 00:11:10,680
Speaker 1: of a football game would would would qualify under that

207
00:11:10,760 --> 00:11:14,600
Speaker 1: as well. Um. Yeah, it just seems like obviously it's

208
00:11:14,640 --> 00:11:17,560
Speaker 1: it's good to make the right decision, um, but you'd

209
00:11:17,640 --> 00:11:20,680
Speaker 1: rather see the doing better at making the right decision.

210
00:11:20,679 --> 00:11:22,440
Speaker 1: If you look up for law books that there is

211
00:11:23,160 --> 00:11:26,520
Speaker 1: the legal official term for that, I think it's I

212
00:11:26,559 --> 00:11:30,640
Speaker 1: think it's something Willy Nilly. Yeah. I think if you're

213
00:11:30,640 --> 00:11:39,880
Speaker 1: looking up in that Millie v. Vanilly, they would have

214
00:11:39,920 --> 00:11:45,280
Speaker 1: copied them finding I've gotta ask, isn't Yes, I think

215
00:11:45,320 --> 00:11:51,880
Speaker 1: about it, But why why? Why? Why? You know? I

216
00:11:52,240 --> 00:11:55,720
Speaker 1: try to stay away from editorializing, but I'm going anyway,

217
00:11:55,800 --> 00:11:58,200
Speaker 1: you editorialized more than anybody else I am. I'm going

218
00:11:58,240 --> 00:12:01,280
Speaker 1: to try to stay away, know, I'm gonna say it.

219
00:12:01,280 --> 00:12:04,199
Speaker 1: It's like, you know that this nineteen year old young

220
00:12:04,240 --> 00:12:06,080
Speaker 1: woman is she like she's trying to make it and

221
00:12:06,160 --> 00:12:10,000
Speaker 1: the mom just like not just booted her out. I mean,

222
00:12:10,160 --> 00:12:13,160
Speaker 1: the details in the Outsports story are they're gut wrenching.

223
00:12:13,240 --> 00:12:16,600
Speaker 1: You know, her dad drove to campus, took all her stuff,

224
00:12:16,640 --> 00:12:18,520
Speaker 1: put some of it in her car, took the license

225
00:12:18,520 --> 00:12:22,040
Speaker 1: plate off her car, Cancel the insurance, insurance, everything, just

226
00:12:22,080 --> 00:12:24,720
Speaker 1: like you're you're like, you are not our daughter. Yeah.

227
00:12:25,440 --> 00:12:26,880
Speaker 1: I was just reading up on this and I'm like,

228
00:12:26,920 --> 00:12:28,560
Speaker 1: oh my god, I can't figure out why she didn't

229
00:12:28,559 --> 00:12:32,400
Speaker 1: tell her parents. Gee, I wonder why it's that that

230
00:12:32,520 --> 00:12:35,360
Speaker 1: is well, you know what, God bless Emily Shack. I

231
00:12:35,400 --> 00:12:39,120
Speaker 1: hope you do well and I hope things work out

232
00:12:39,200 --> 00:12:44,520
Speaker 1: for you. And um, drive on girl drive on Amazon

233
00:12:44,720 --> 00:12:48,360
Speaker 1: bidding for regional sports networks. Yeah, well, here we are again.

234
00:12:48,400 --> 00:12:50,760
Speaker 1: This is like the turn. This is the eight pound

235
00:12:50,840 --> 00:12:53,760
Speaker 1: gorilla that you know. This is the Fox divests or

236
00:12:53,840 --> 00:12:56,760
Speaker 1: sale of assets to Disney. Disney has to divest the

237
00:12:56,840 --> 00:13:00,480
Speaker 1: rs n s because they have ESPN reports out there

238
00:13:00,480 --> 00:13:08,760
Speaker 1: that Amazon is bidding for the two as as a bundle. Well, yes, network,

239
00:13:08,840 --> 00:13:13,560
Speaker 1: you know Amazon in on that deal. Um likely. Uh.

240
00:13:13,679 --> 00:13:17,000
Speaker 1: The question here is if you're Disney and we talked

241
00:13:17,000 --> 00:13:21,520
Speaker 1: to everybody about the future of media. Would you sell

242
00:13:22,520 --> 00:13:25,400
Speaker 1: these are s n s to Amazon and help them

243
00:13:25,400 --> 00:13:29,520
Speaker 1: in their quest to become sports centric when that's your

244
00:13:29,520 --> 00:13:33,880
Speaker 1: main business at ESPN. Seems to me the smart play

245
00:13:34,040 --> 00:13:36,839
Speaker 1: by Disney is to keep Amazon in the bidding if

246
00:13:36,880 --> 00:13:40,680
Speaker 1: they are there, really drive up the price they're gonna get,

247
00:13:41,120 --> 00:13:43,880
Speaker 1: and then settle private equity firm, because that way you're

248
00:13:43,920 --> 00:13:47,400
Speaker 1: not helping Amazon in what will one day be your

249
00:13:47,600 --> 00:13:49,959
Speaker 1: stiff compet one day in the very near future, your

250
00:13:49,960 --> 00:13:53,080
Speaker 1: stiff competition. Yeah. And and to be clear that Disney

251
00:13:53,080 --> 00:13:54,599
Speaker 1: does have to sell you know this is this is

252
00:13:54,640 --> 00:13:58,520
Speaker 1: the approval of the deal's conditioned on on them getting

253
00:13:58,600 --> 00:14:00,599
Speaker 1: rid of it yet. Yeah. So I some of this

254
00:14:00,679 --> 00:14:03,079
Speaker 1: obviously depends on what the other what the other offers

255
00:14:03,080 --> 00:14:06,080
Speaker 1: look like. Um, but we're talking about a package that's

256
00:14:06,120 --> 00:14:12,520
Speaker 1: probably worth plus usually in there without the y S network. Yeah.

257
00:14:12,559 --> 00:14:17,120
Speaker 1: So make no illusions about Amazon's intent in in live

258
00:14:17,160 --> 00:14:20,120
Speaker 1: sports and local news, because I think these are sense

259
00:14:20,200 --> 00:14:24,360
Speaker 1: kind of straddle both those worlds. Um, anytime you're bidding,

260
00:14:24,480 --> 00:14:27,479
Speaker 1: you know this is that that's more than a package

261
00:14:27,560 --> 00:14:31,080
Speaker 1: for you know, the some high end rights in the

262
00:14:31,200 --> 00:14:33,800
Speaker 1: NBA and possibly even the NFL might strategy and the

263
00:14:33,840 --> 00:14:36,040
Speaker 1: strategy of Thursday Night football was to get people on Prime.

264
00:14:36,320 --> 00:14:39,280
Speaker 1: It worked, so the question is will Yeah, but we're

265
00:14:39,320 --> 00:14:42,480
Speaker 1: talking abouts of magnitude more money, right, like a hundred

266
00:14:42,480 --> 00:14:45,560
Speaker 1: times more money than than what they're paying for us

267
00:14:44,840 --> 00:14:47,400
Speaker 1: of course, and that was with some of those games

268
00:14:47,440 --> 00:14:51,240
Speaker 1: on Thursday Night was like watching this, but it worked.

269
00:14:51,320 --> 00:14:53,680
Speaker 1: It's part of the product. So we'll see what will

270
00:14:53,680 --> 00:14:57,480
Speaker 1: happen with that. Hey, you know what, we just wrapped

271
00:14:57,600 --> 00:15:01,280
Speaker 1: up in a bowl another podcast right here for the

272
00:15:01,280 --> 00:15:03,480
Speaker 1: bloombergy business of sports, and we want to take the

273
00:15:03,480 --> 00:15:07,800
Speaker 1: time to tell everybody Happy Thanksgiving. Everybody. I hope you

274
00:15:07,840 --> 00:15:10,840
Speaker 1: eat a lot of turkey so you can tell that.

275
00:15:11,280 --> 00:15:14,760
Speaker 1: I'm going to along with other foods that are going

276
00:15:14,840 --> 00:15:17,040
Speaker 1: to be anything you've got special for Thanksgiving going on.

277
00:15:17,360 --> 00:15:19,000
Speaker 1: You know what governs my life? What do you think

278
00:15:19,040 --> 00:15:24,160
Speaker 1: I'll be doing? Hockey? There? You go two games in Providence.

279
00:15:25,080 --> 00:15:26,680
Speaker 1: But before we're gonna have a little fun. We're gonna

280
00:15:26,720 --> 00:15:30,240
Speaker 1: go see uh On one Friday, We're gonna go see

281
00:15:30,320 --> 00:15:33,880
Speaker 1: BC and Bentley play up in Chestnut Hill, Massachusetts, then

282
00:15:33,960 --> 00:15:36,680
Speaker 1: drive to Providence for a couple of games. On Saturday, Eagles,

283
00:15:37,280 --> 00:15:40,600
Speaker 1: I'll be down in Virginia and Washington, d C. Very

284
00:15:40,600 --> 00:15:43,120
Speaker 1: good getting out of the city, hoping it'll be warmer

285
00:15:43,160 --> 00:15:45,080
Speaker 1: down there than it's supposed to be up here in

286
00:15:45,080 --> 00:15:49,080
Speaker 1: the Northeast. Cross your fingers. I'm Michael Barr, and this

287
00:15:49,120 --> 00:15:51,800
Speaker 1: is the Bloomberg Business of Sports, where we take a

288
00:15:51,840 --> 00:15:54,640
Speaker 1: look at some of the top business stories of the week.

289
00:15:54,880 --> 00:15:57,680
Speaker 1: I'm Scotts and if you're on Twitter, you follow me

290
00:15:58,080 --> 00:16:01,200
Speaker 1: at I'm Evan Novi Wlliams. You can follow me at

291
00:16:01,280 --> 00:16:04,520
Speaker 1: nov Underscore Williams. Join us again at the end of

292
00:16:04,520 --> 00:16:06,920
Speaker 1: the week. We've got a good interview coming up with

293
00:16:07,160 --> 00:16:10,400
Speaker 1: Chuck Baker, co chair of the Sports Industry Group at

294
00:16:10,920 --> 00:16:13,320
Speaker 1: New York law firm o' melviny, and you can follow

295
00:16:13,320 --> 00:16:16,200
Speaker 1: me at Big Bar Sports. We can catch our podcast Monday's,

296
00:16:16,200 --> 00:16:19,640
Speaker 1: Wednesdays and Thursdays, and the podcast you can download it

297
00:16:19,680 --> 00:16:20,520
Speaker 1: where it's available.