1 00:00:00,240 --> 00:00:03,760 Speaker 1: Bass 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 --> 00:00:12,160 Speaker 1: players understand the power that they have. The future of 5 00:00:12,160 --> 00:00:15,520 Speaker 1: Indy car racing is looking bright. Scott sash Nick. 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 --> 00:00:25,840 Speaker 1: the sports industry. Time to bringing our guest Alstombrunner, National 9 00:00:25,880 --> 00:00:29,320 Speaker 1: Hockey League Commissioner Gary Bettman, Atlanta Braves president Derek Schiller, 10 00:00:29,400 --> 00:00:34,680 Speaker 1: Patriots President Jonathan Kraft. Bloomberg Business of Sports from Bloomberg Radio. Hello, 11 00:00:34,760 --> 00:00:37,600 Speaker 1: I'm Evan Nobe Williams, and I'm Scott Sashnik. Every week 12 00:00:37,640 --> 00:00:40,840 Speaker 1: at this time plus Monday's Wednesday's, we explore the big 13 00:00:40,840 --> 00:00:43,000 Speaker 1: money issues in the world of sports. Today, we're speaking 14 00:00:43,000 --> 00:00:46,040 Speaker 1: with NBC horse racing analyst Randy Moss about the business 15 00:00:46,040 --> 00:00:48,960 Speaker 1: of thoroughbred racing. That Randy Moss, not the Randy Moss 16 00:00:49,000 --> 00:00:51,760 Speaker 1: from football, though this Randy Moss does cover football. Do 17 00:00:51,800 --> 00:00:54,120 Speaker 1: I have that right? You do? All right? That's not easy. 18 00:00:54,680 --> 00:00:57,240 Speaker 1: We'll have more of our interview with NBC horse racing 19 00:00:57,240 --> 00:01:00,120 Speaker 1: analysts Randy Moss coming up, but first let's look the 20 00:01:00,160 --> 00:01:02,920 Speaker 1: top stories of the week and Mr Novi Williams. The 21 00:01:03,000 --> 00:01:08,240 Speaker 1: National Hockey League season is over. The Blues reign supreme 22 00:01:08,440 --> 00:01:12,640 Speaker 1: and there is green being generated. Yeah, the merchandise sales. 23 00:01:12,680 --> 00:01:15,480 Speaker 1: The Blues fans are making up for lost time. Never 24 00:01:15,880 --> 00:01:19,840 Speaker 1: that's the thing. Droughts are good for merchand sales. Absolutely. 25 00:01:19,880 --> 00:01:22,520 Speaker 1: This is a team that joined the NHL in seven. 26 00:01:22,560 --> 00:01:24,640 Speaker 1: They went to the Stanley Cup Final their first three 27 00:01:24,720 --> 00:01:26,920 Speaker 1: years and didn't win a single game, got swept in 28 00:01:27,000 --> 00:01:29,000 Speaker 1: all three times. And if they didn't come back to 29 00:01:29,000 --> 00:01:32,240 Speaker 1: the Stanley Cup Finals until this year, they finally wanted 30 00:01:32,280 --> 00:01:35,640 Speaker 1: one game seven in Boston. Um And according to Michael Rubin, 31 00:01:35,680 --> 00:01:39,759 Speaker 1: who owns Fanatics, kind of the omnipresent UH sports merchandise seller, 32 00:01:40,640 --> 00:01:43,840 Speaker 1: the Blues are crushing the all time Stanley Cup merchandise record. 33 00:01:43,959 --> 00:01:45,639 Speaker 1: I just love the fact that he tweeted right aways 34 00:01:45,640 --> 00:01:48,240 Speaker 1: like I love hockey now. It's got nothing to do 35 00:01:48,280 --> 00:01:50,320 Speaker 1: with the game. It was all about the revenue being 36 00:01:50,320 --> 00:01:52,400 Speaker 1: generated from the sales. I would imagine that hockey is 37 00:01:52,440 --> 00:01:55,160 Speaker 1: not not one of the bigger sports in the Fanatics 38 00:01:55,240 --> 00:01:58,640 Speaker 1: umbrella um, but certainly nice for Blues fans obviously to 39 00:01:58,920 --> 00:02:01,440 Speaker 1: to get over that hump um. He said that. You know, 40 00:02:01,600 --> 00:02:05,960 Speaker 1: last year also a streak breaker, the Washington Capitals won 41 00:02:05,960 --> 00:02:08,919 Speaker 1: the Stanley Cup. Blues in the early eight hours after 42 00:02:09,080 --> 00:02:12,000 Speaker 1: after the Stanley Cup, they were up in terms of 43 00:02:12,040 --> 00:02:15,120 Speaker 1: sales over the Washington Capitals. Do you think that Jordan's 44 00:02:15,120 --> 00:02:20,440 Speaker 1: Bennington has trademark Winnington yet? He should? Definite? He definitely should. 45 00:02:20,560 --> 00:02:22,799 Speaker 1: I know his Twitter handy has been nat been Nasty, 46 00:02:22,880 --> 00:02:26,280 Speaker 1: which I tweeted two been Nasty and the folks at 47 00:02:26,280 --> 00:02:29,560 Speaker 1: Octagon last night with a video of my son everybody 48 00:02:29,560 --> 00:02:31,680 Speaker 1: knows my son's a goaltender plays played some pretty high 49 00:02:31,720 --> 00:02:36,120 Speaker 1: level hockey, saying he'd been watching been Nasty taking mental notes. 50 00:02:36,120 --> 00:02:39,840 Speaker 1: Look out because he's next hashtag. Yeah, I'm trying to 51 00:02:39,840 --> 00:02:41,760 Speaker 1: figure out what Jackson's trademark is gonna be. He stole 52 00:02:41,800 --> 00:02:44,160 Speaker 1: to all Jackson right now, which is good. Yeah, it 53 00:02:44,160 --> 00:02:45,520 Speaker 1: was too easy, but I'm thinking as we go up 54 00:02:45,840 --> 00:02:49,760 Speaker 1: limitations to expire it on Stonewall Jackson exactly do more 55 00:02:49,800 --> 00:02:51,959 Speaker 1: people know as we move on to the next topic, 56 00:02:51,960 --> 00:02:55,200 Speaker 1: to more people know Brooks kept go or Jordan Bennington 57 00:02:55,280 --> 00:02:58,919 Speaker 1: at this. Yeah, it's a good question. Brooks Kept coming 58 00:02:58,919 --> 00:03:01,480 Speaker 1: into the US Open this week, couple of two time 59 00:03:01,520 --> 00:03:04,880 Speaker 1: defending champion. Um, he'd be the first call forer I 60 00:03:04,880 --> 00:03:09,079 Speaker 1: think in over a century to win three straight US Opens. Uh. 61 00:03:09,120 --> 00:03:11,160 Speaker 1: And in some of the promo material Fox put out, 62 00:03:11,680 --> 00:03:14,520 Speaker 1: they didn't include him. He's the number one rank callfer 63 00:03:14,560 --> 00:03:16,600 Speaker 1: in the world. He he won the most recent major. 64 00:03:16,600 --> 00:03:19,360 Speaker 1: It's like the teas videos, it's it's amazing. Um. And 65 00:03:19,440 --> 00:03:21,919 Speaker 1: he was, you know, I think, appropriately miffed in his 66 00:03:21,960 --> 00:03:24,200 Speaker 1: press conference. He said, you know, we were amazed that 67 00:03:24,240 --> 00:03:26,360 Speaker 1: I wasn't in it. Just kind of shocked. They had 68 00:03:26,400 --> 00:03:28,240 Speaker 1: over a year to put it out, So I don't know, 69 00:03:28,600 --> 00:03:32,200 Speaker 1: somebody probably got fired over it or should Yeah, I 70 00:03:32,240 --> 00:03:35,040 Speaker 1: mean again, still to this day, and we talked about 71 00:03:35,080 --> 00:03:37,760 Speaker 1: him all the time. If brooks keptco was sitting in 72 00:03:37,760 --> 00:03:41,040 Speaker 1: the empty Michael Barr chair, I would say, Hey, nice 73 00:03:41,080 --> 00:03:43,120 Speaker 1: to meet you, Scott Sush. Yeah, it's funny, no idea. 74 00:03:43,560 --> 00:03:45,400 Speaker 1: I don't think we We talked about the story that 75 00:03:45,440 --> 00:03:47,280 Speaker 1: I wrote a couple of weeks ago, but brooks Kept. 76 00:03:47,400 --> 00:03:50,040 Speaker 1: I asked a firm that measures popularity, how famous is 77 00:03:50,040 --> 00:03:53,160 Speaker 1: brooks Kept the most the closest athlete they could, they 78 00:03:53,200 --> 00:03:56,040 Speaker 1: could put to his fame. Miles Bridges. I didn't even 79 00:03:56,080 --> 00:03:58,520 Speaker 1: know who the guy was. He's a he's a journeyman 80 00:03:58,520 --> 00:04:00,600 Speaker 1: in the NBA. Last topic some and we all do 81 00:04:00,680 --> 00:04:04,360 Speaker 1: know a Rod. Guess what he's doing, A Rod. Guess 82 00:04:04,400 --> 00:04:08,240 Speaker 1: what he's doing. Guess what a Rod is doing? Coming back? No, 83 00:04:08,440 --> 00:04:11,920 Speaker 1: not coming back. He is selling two of his paintings. 84 00:04:11,960 --> 00:04:14,800 Speaker 1: You know, A Rod's a budding art collector. He is 85 00:04:14,840 --> 00:04:19,719 Speaker 1: selling a Bakiyat and a Richard Prince. Yeah, in the 86 00:04:19,839 --> 00:04:24,559 Speaker 1: upcoming Phillips auction sale. So I could collect about six million. 87 00:04:24,600 --> 00:04:26,359 Speaker 1: But the reason is why I love it. But the 88 00:04:26,360 --> 00:04:27,719 Speaker 1: reasoning is why I love it, and I think we 89 00:04:27,760 --> 00:04:30,520 Speaker 1: can all sort of relate. He is now engaged to 90 00:04:30,600 --> 00:04:34,800 Speaker 1: Jennifer Lopez j Loo, and according to his art advisor, 91 00:04:35,560 --> 00:04:39,360 Speaker 1: j Lo has her own sort of art aesthetic. Yeah. 92 00:04:39,400 --> 00:04:41,919 Speaker 1: And and so the ones they're getting rid of. The 93 00:04:41,920 --> 00:04:45,320 Speaker 1: two pieces are pink elephant and Mustang painting, which really 94 00:04:45,400 --> 00:04:48,000 Speaker 1: is of a Mustang car, you know, And you know 95 00:04:48,040 --> 00:04:50,760 Speaker 1: they're gonna start collecting together. And that takes a different 96 00:04:50,880 --> 00:04:56,880 Speaker 1: take that one of the car, No, that one of 97 00:04:56,880 --> 00:05:00,000 Speaker 1: the elephant. No. And like I've had this for twenty 98 00:05:00,000 --> 00:05:01,840 Speaker 1: He's been on my wall for twenty years. And I 99 00:05:01,880 --> 00:05:04,320 Speaker 1: just guess somewhere there's like a black leather couch that 100 00:05:04,400 --> 00:05:06,960 Speaker 1: she said that's gone to this honestly might be the 101 00:05:07,000 --> 00:05:11,560 Speaker 1: most relatable, right right, So, but Una staying a right here. 102 00:05:11,480 --> 00:05:14,040 Speaker 1: He apparently has a good eye. They're really educating themselves. 103 00:05:14,200 --> 00:05:17,680 Speaker 1: They go to collections, they go to um museums, they 104 00:05:17,720 --> 00:05:20,440 Speaker 1: go to pre auctions, and he's he's got an eye 105 00:05:20,440 --> 00:05:22,440 Speaker 1: for the stuff. Ben, you can have an a rod 106 00:05:22,480 --> 00:05:24,120 Speaker 1: painting if you've got a few million bucks. I think 107 00:05:24,160 --> 00:05:26,440 Speaker 1: I should get into art. It might be time for me. 108 00:05:26,560 --> 00:05:31,400 Speaker 1: Right well, your girlfriend did recently move in? Ye? Did 109 00:05:31,480 --> 00:05:34,720 Speaker 1: she decide anything that you had there did not deserve 110 00:05:34,760 --> 00:05:39,000 Speaker 1: to remain in apartment? What? What? I had A big 111 00:05:39,160 --> 00:05:43,359 Speaker 1: I had a big like lettering banner that was hanging 112 00:05:43,400 --> 00:05:45,720 Speaker 1: in my in my room that said there are other 113 00:05:45,720 --> 00:05:48,679 Speaker 1: Annapurnas in the lives of men, to quote from Warner 114 00:05:48,720 --> 00:05:51,880 Speaker 1: herzog um. And I loved it. I like waking up 115 00:05:51,920 --> 00:05:56,760 Speaker 1: to it every morning. I mean it was probably long um. 116 00:05:56,800 --> 00:05:59,120 Speaker 1: And she she nixed that one in media. I had years. 117 00:05:59,120 --> 00:06:00,719 Speaker 1: I mean I'm going back up see more years than you. 118 00:06:00,720 --> 00:06:03,799 Speaker 1: But I had a one of those mega ESPN banners. Okay, 119 00:06:03,960 --> 00:06:05,920 Speaker 1: I can't tell you how fast can ripped that off 120 00:06:05,960 --> 00:06:08,679 Speaker 1: the wall. Yeah, I would think that almost every couple 121 00:06:08,960 --> 00:06:11,560 Speaker 1: that has moved in together as has had this conversation 122 00:06:11,600 --> 00:06:14,800 Speaker 1: in some capacity. I'm sorry you do. You intimated was 123 00:06:14,800 --> 00:06:18,800 Speaker 1: a conversation, not a conversation. But you know what, one 124 00:06:18,800 --> 00:06:20,479 Speaker 1: of these days we have to really talk. We're gonna 125 00:06:20,520 --> 00:06:21,960 Speaker 1: get a rod on the show. I want to talk 126 00:06:22,000 --> 00:06:24,000 Speaker 1: about a rod. I want to talk about art. I 127 00:06:24,000 --> 00:06:27,200 Speaker 1: want to talk about real estate. Anything with baseball. Although 128 00:06:27,240 --> 00:06:29,960 Speaker 1: he's sort of he's an Emmy Award winning analyst as well, 129 00:06:30,320 --> 00:06:35,679 Speaker 1: he's great. He really he's sort of like, uh, Dallas 130 00:06:35,720 --> 00:06:40,200 Speaker 1: Cowboys quarterback. He really takes you inside the mind of 131 00:06:40,320 --> 00:06:42,159 Speaker 1: what's going on and you get a sense for why 132 00:06:42,240 --> 00:06:44,800 Speaker 1: he was super successful as a hitter. Yeah, and you 133 00:06:45,120 --> 00:06:46,520 Speaker 1: all just get a sense that it's early for me. 134 00:06:46,520 --> 00:06:49,279 Speaker 1: I can't think of Tony Romo's name anyway. Now, let's 135 00:06:49,320 --> 00:06:51,960 Speaker 1: get to this week's interview with NBC horse racing analyst 136 00:06:52,080 --> 00:06:55,240 Speaker 1: Randy Moss. He covers the Triple Crown and the Breeders Cup, 137 00:06:55,480 --> 00:06:58,839 Speaker 1: and since night has covered all but two runnings of 138 00:06:58,880 --> 00:07:01,600 Speaker 1: the Kentucky Derby, Randy, thanks for joining us. How you doing. 139 00:07:02,080 --> 00:07:05,040 Speaker 1: I'm catching up on my sleep after the Triple Crown. Yeah, 140 00:07:05,400 --> 00:07:07,599 Speaker 1: it's your busy time a year, right, that ends? What 141 00:07:07,600 --> 00:07:09,159 Speaker 1: do you do when it's over? Is there some sort 142 00:07:09,160 --> 00:07:12,360 Speaker 1: of come down for you? Well, not really, because I 143 00:07:12,400 --> 00:07:15,440 Speaker 1: also work for NFL Network and as we all know, 144 00:07:15,640 --> 00:07:20,720 Speaker 1: the NFL juggernaut is like three nowadays. So when I'm 145 00:07:20,800 --> 00:07:23,440 Speaker 1: not doing horse racing somewhere and we have shows all 146 00:07:23,440 --> 00:07:26,960 Speaker 1: summer and fall as well, then I'm off at some 147 00:07:27,040 --> 00:07:30,280 Speaker 1: training camp in July or some game and in the fall. 148 00:07:30,640 --> 00:07:33,480 Speaker 1: So you just talked about the NFL that is obviously 149 00:07:33,520 --> 00:07:36,400 Speaker 1: the king of US sports. Where if I go on 150 00:07:36,440 --> 00:07:39,680 Speaker 1: a macro level, where do you see horse racing? Where 151 00:07:39,680 --> 00:07:44,480 Speaker 1: are we in terms of affinity to the US viewer? Well? 152 00:07:44,520 --> 00:07:47,960 Speaker 1: Where are where we are right now in horse racing? 153 00:07:48,200 --> 00:07:53,960 Speaker 1: Is that other than the prestige events, other than the 154 00:07:54,080 --> 00:07:57,880 Speaker 1: Kentucky Derby, the Preakness, the Belmont to a lesser extent, 155 00:07:58,040 --> 00:08:03,320 Speaker 1: Breeders Cup in the fall, and then pockets of of 156 00:08:03,480 --> 00:08:07,280 Speaker 1: areas in the United States where horse racing remains tenomenally 157 00:08:07,360 --> 00:08:12,920 Speaker 1: successful Saratoga in upstate New York, del Mar, North of 158 00:08:12,960 --> 00:08:17,520 Speaker 1: San Diego, Keenland, in the heart of horse country, in Lexington, Kentucky, 159 00:08:17,560 --> 00:08:21,280 Speaker 1: Oaklawn Park, and Hot Springs, Arkansas. You have pockets where 160 00:08:21,280 --> 00:08:25,080 Speaker 1: it's still tremendously popular or tremendously successful, but other than that, 161 00:08:26,400 --> 00:08:31,040 Speaker 1: it's a niche sport and it has gone from being, 162 00:08:31,640 --> 00:08:34,040 Speaker 1: you know, one of the big three in the nineteen 163 00:08:34,080 --> 00:08:37,960 Speaker 1: forties and nineteen fifties being baseball, boxing, and horse racing, 164 00:08:38,480 --> 00:08:41,679 Speaker 1: to where it might barely register in the top ten 165 00:08:42,320 --> 00:08:45,679 Speaker 1: if you ask the average sports fan to rank their 166 00:08:45,720 --> 00:08:48,240 Speaker 1: favorite sports nowadays. So what happened, Like you said, it's 167 00:08:48,280 --> 00:08:51,720 Speaker 1: weird then for it to be boxing, horse racing and 168 00:08:51,800 --> 00:08:56,079 Speaker 1: baseball baseball obviously still among the top. What happened? Primarily 169 00:08:56,120 --> 00:08:59,440 Speaker 1: follow the money That can typically give you the answer 170 00:08:59,480 --> 00:09:02,880 Speaker 1: for almost anything Americans. Okay, let's do that. Where where 171 00:09:02,960 --> 00:09:06,120 Speaker 1: was the money? Where did you go? Well, obviously people 172 00:09:06,160 --> 00:09:11,960 Speaker 1: like to bet. Americans like to bet. In the forties, fifties, sixties, Uh, 173 00:09:12,240 --> 00:09:16,240 Speaker 1: the only place to really make a legal wager in 174 00:09:16,280 --> 00:09:20,040 Speaker 1: the United States was either in Las Vegas, which wasn't 175 00:09:20,120 --> 00:09:25,120 Speaker 1: really mass quantity marketed back in those days. Right, you 176 00:09:25,120 --> 00:09:26,959 Speaker 1: had to you had the brat pack to go to 177 00:09:27,080 --> 00:09:29,520 Speaker 1: Las Vegas and some of your rich and famous. But 178 00:09:29,559 --> 00:09:32,240 Speaker 1: people just didn't take junkets to Las Vegas in the forties, 179 00:09:32,280 --> 00:09:34,920 Speaker 1: fifties and sixties. And then or you went to your racetrack, 180 00:09:35,040 --> 00:09:36,480 Speaker 1: or you played if you're in a big city, you 181 00:09:36,520 --> 00:09:39,800 Speaker 1: played the illegal numbers game that organized crime ran on 182 00:09:39,840 --> 00:09:44,480 Speaker 1: the street. But horse racing had a gigantic share, well 183 00:09:44,520 --> 00:09:50,880 Speaker 1: over of the gambling market, the legal gambling market in 184 00:09:50,920 --> 00:09:54,360 Speaker 1: the United States. Now, look at look at today, and 185 00:09:54,360 --> 00:09:56,880 Speaker 1: look at even you know, the eighties nineties. You've got 186 00:09:56,920 --> 00:10:00,040 Speaker 1: casino almost on every corner. You've got a lot of 187 00:10:00,040 --> 00:10:03,160 Speaker 1: ease in most states that came into effect in the 188 00:10:03,240 --> 00:10:07,440 Speaker 1: nineteen seventies. You've got online gaming. Now you're gonna have 189 00:10:07,480 --> 00:10:11,800 Speaker 1: sports betting that's going to proliferate around the country. Um, 190 00:10:11,920 --> 00:10:14,720 Speaker 1: horse racing has now gone from being you know, well 191 00:10:14,800 --> 00:10:18,920 Speaker 1: over of the legal gambling share to somewhere around five 192 00:10:19,040 --> 00:10:23,840 Speaker 1: to six percent of the overall gambling market in the 193 00:10:23,880 --> 00:10:26,680 Speaker 1: United States. That's a that's a huge hit. And then 194 00:10:26,720 --> 00:10:30,880 Speaker 1: on top of that, you've also got the the explosion 195 00:10:31,080 --> 00:10:35,199 Speaker 1: in popularity of sports on television, So there was so 196 00:10:35,280 --> 00:10:40,000 Speaker 1: much competition in the entertainment marketplace that orse racing was 197 00:10:40,040 --> 00:10:41,720 Speaker 1: bound to go down, but when you look at the 198 00:10:41,760 --> 00:10:45,439 Speaker 1: gambling element of it, uh, it's really taken a huge hit. 199 00:10:45,840 --> 00:10:48,320 Speaker 1: Speaking more on on the gambling piece, I read that 200 00:10:48,520 --> 00:10:51,400 Speaker 1: the Belmont Stakes last week dred and two million dollars 201 00:10:51,400 --> 00:10:54,480 Speaker 1: gambled on on on the whole set of races that day, 202 00:10:54,520 --> 00:10:56,680 Speaker 1: which was a record for for Belmont for a non 203 00:10:56,720 --> 00:10:59,840 Speaker 1: triple Crown day. I believe, correct me if I'm wrong. 204 00:11:00,040 --> 00:11:03,640 Speaker 1: Ducky Derby said its own record this year million gambled 205 00:11:03,640 --> 00:11:07,040 Speaker 1: the Preakness a dred million, also possibly a record. Um. 206 00:11:07,040 --> 00:11:09,200 Speaker 1: Those numbers at least seem to imply to me that 207 00:11:09,240 --> 00:11:13,600 Speaker 1: there is something hanging on regarding the popularity of at 208 00:11:13,640 --> 00:11:16,400 Speaker 1: least these big ten pole events and the gambling aspect 209 00:11:16,440 --> 00:11:20,400 Speaker 1: within them. There is. I mean, we're a big sports society, 210 00:11:20,440 --> 00:11:23,320 Speaker 1: We're a big day society, right when it comes to sports, 211 00:11:23,320 --> 00:11:27,280 Speaker 1: A major event driven A lot of people, myself included, 212 00:11:27,679 --> 00:11:30,000 Speaker 1: don't pay There's not a time in the day to 213 00:11:30,040 --> 00:11:32,720 Speaker 1: pay attention to every sport all the time. I don't 214 00:11:32,720 --> 00:11:36,240 Speaker 1: pay attention to the NBA other than just maybe looking 215 00:11:36,240 --> 00:11:38,120 Speaker 1: at the standings every now and then reading some of 216 00:11:38,120 --> 00:11:40,280 Speaker 1: the headlines. Until we get to this time of year, 217 00:11:40,600 --> 00:11:42,560 Speaker 1: and now I'm all over watching the Warriors and the 218 00:11:42,640 --> 00:11:46,200 Speaker 1: rafts golf. I don't pay a lot of attention week 219 00:11:46,280 --> 00:11:47,920 Speaker 1: to week. But when we get to the Masters, when 220 00:11:47,920 --> 00:11:49,600 Speaker 1: we get to the US Open, when we get to 221 00:11:49,600 --> 00:11:52,640 Speaker 1: the British Open, yeah, sure. Kind of the same thing 222 00:11:52,640 --> 00:11:54,600 Speaker 1: with baseball. When we get to the postseason, I'll really 223 00:11:54,600 --> 00:11:56,400 Speaker 1: start to follow it on a regular basis. And I 224 00:11:56,440 --> 00:12:00,120 Speaker 1: think people still, and maybe even more than ever, are 225 00:12:00,280 --> 00:12:04,120 Speaker 1: are really clued in and keyed in to the Triple Crown. 226 00:12:04,120 --> 00:12:05,640 Speaker 1: I don't want to say more than ever because it 227 00:12:05,720 --> 00:12:08,000 Speaker 1: was bigger back in the back in the day, but 228 00:12:08,120 --> 00:12:11,600 Speaker 1: it's still big the Derby, Preakness, Belmont, and it still 229 00:12:11,640 --> 00:12:13,920 Speaker 1: resonates with a lot of people. We had this conversation, 230 00:12:14,200 --> 00:12:16,040 Speaker 1: you know, back in two thousand fifteen, and then again 231 00:12:16,400 --> 00:12:18,840 Speaker 1: last year when American Pharaoh won the Triple Crown and 232 00:12:18,840 --> 00:12:22,040 Speaker 1: then justified did it again? Is there is there an 233 00:12:22,160 --> 00:12:24,720 Speaker 1: argument to be made that that that that breaking that 234 00:12:24,760 --> 00:12:27,439 Speaker 1: triple Crown drought and then having another one happened so 235 00:12:27,559 --> 00:12:31,640 Speaker 1: quickly afterwards might have been a disservice to horse racing 236 00:12:31,640 --> 00:12:34,000 Speaker 1: in general in that, you know, now when you get 237 00:12:34,000 --> 00:12:36,640 Speaker 1: two years like this year, when the Preakness rolls around 238 00:12:36,640 --> 00:12:39,120 Speaker 1: and suddenly there's no chance of a triple Crown, that 239 00:12:39,120 --> 00:12:41,120 Speaker 1: that that people may be shutting off more than they 240 00:12:41,160 --> 00:12:45,120 Speaker 1: were in the past. Absolutely absolutely, and they were saying 241 00:12:45,160 --> 00:12:47,920 Speaker 1: that in the nineteen seventies, by the way, uh there 242 00:12:47,960 --> 00:12:52,960 Speaker 1: was a triple crown winner in named Citation. Then there 243 00:12:53,000 --> 00:12:57,360 Speaker 1: was a gap between nine until Secretariat swept the triple 244 00:12:57,400 --> 00:13:01,360 Speaker 1: Crown in nineteen seventy three, twenty five year up, and 245 00:13:01,880 --> 00:13:03,800 Speaker 1: there were a lot of horses that came closed during 246 00:13:03,840 --> 00:13:05,720 Speaker 1: that period of time. They just couldn't seal the deal 247 00:13:05,760 --> 00:13:09,040 Speaker 1: in the Belmont, similar to what we saw with American Pharaoh. 248 00:13:09,160 --> 00:13:14,679 Speaker 1: And following Secretariat in seventy three, in rapid succession, he 249 00:13:14,800 --> 00:13:17,920 Speaker 1: had Seattle Slew in seventy seven, you had affirmed the 250 00:13:18,000 --> 00:13:21,400 Speaker 1: very next year in seventy eight, and then he almost 251 00:13:21,400 --> 00:13:24,000 Speaker 1: had one in seventy nine with the worse names Spectacular Bid. 252 00:13:24,040 --> 00:13:26,400 Speaker 1: And by the time they got to seventy nine when 253 00:13:26,440 --> 00:13:29,760 Speaker 1: Spectacular Bid won the Derby and the Preakness, people were 254 00:13:29,760 --> 00:13:31,960 Speaker 1: writing that it was kind of whole hum when he 255 00:13:31,960 --> 00:13:34,520 Speaker 1: was going for the triple crown in the Belmont. There 256 00:13:34,600 --> 00:13:41,440 Speaker 1: was such electricity, such excitement around American Pharaoh in I 257 00:13:41,440 --> 00:13:45,880 Speaker 1: mean that was a thirty seven year drought, and yeah, 258 00:13:45,920 --> 00:13:47,880 Speaker 1: I mean it was amazing, wasn't it. I mean, I 259 00:13:47,880 --> 00:13:52,280 Speaker 1: I haven't been around that kind of electricity for a 260 00:13:52,320 --> 00:13:55,120 Speaker 1: sustained period of time. When that horse across the finish line, 261 00:13:55,160 --> 00:13:57,720 Speaker 1: it gave me an appreciation for horse racing for sure. 262 00:13:57,720 --> 00:14:00,880 Speaker 1: I mean, seeing people you know in tears after words, etcetera. 263 00:14:00,960 --> 00:14:03,120 Speaker 1: You know, it certainly gave me any appreciation for the sport. 264 00:14:03,800 --> 00:14:05,760 Speaker 1: I mean, I've been the Super Bowls, Olympics that you know, 265 00:14:05,840 --> 00:14:08,560 Speaker 1: I haven't seen a crowd reaction quite like that. It 266 00:14:08,720 --> 00:14:12,719 Speaker 1: wasn't the same when Justified swept the Purple Crown last year. 267 00:14:12,760 --> 00:14:14,840 Speaker 1: It was still exciting, But was it the same as 268 00:14:14,840 --> 00:14:18,400 Speaker 1: American Pharaoh. No, So I do think that it it 269 00:14:18,520 --> 00:14:21,080 Speaker 1: really built up over a period of time before we 270 00:14:21,120 --> 00:14:23,960 Speaker 1: got and it's going to be almost impossible to replicate 271 00:14:24,000 --> 00:14:26,080 Speaker 1: that in the near future. It's funny listening to you 272 00:14:26,120 --> 00:14:28,760 Speaker 1: talk about the the gambling at in the history of 273 00:14:28,760 --> 00:14:30,960 Speaker 1: gambling within horse racing. You know, Scott and I have 274 00:14:31,120 --> 00:14:33,320 Speaker 1: we have you know, people from all different sports on 275 00:14:33,320 --> 00:14:38,400 Speaker 1: the podcast, almost every different sport. The executives are all saying, right, 276 00:14:38,440 --> 00:14:41,720 Speaker 1: now we have a tremendous opportunity with legal sports gambling, 277 00:14:42,000 --> 00:14:46,000 Speaker 1: right it is. It is this thing, whether it's baseball, football, basketball, lacrosse, 278 00:14:46,080 --> 00:14:49,320 Speaker 1: women's golf, every sport seems to think, oh, there's this 279 00:14:49,360 --> 00:14:52,360 Speaker 1: big opportunity now in this new thing. It sounds like. 280 00:14:52,480 --> 00:14:55,800 Speaker 1: Unfortunately for horse racing, it's not really an opportunity in 281 00:14:55,800 --> 00:14:57,880 Speaker 1: the same way that that that it is for all 282 00:14:57,920 --> 00:15:00,600 Speaker 1: these other sports. Just because it's in the history of 283 00:15:00,680 --> 00:15:05,160 Speaker 1: the sport, it might be an opportunity for horse racing 284 00:15:05,320 --> 00:15:09,760 Speaker 1: in this In this respect, uh, the economics of horse 285 00:15:09,880 --> 00:15:16,440 Speaker 1: racing in terms of the taxation on betters, is higher 286 00:15:16,480 --> 00:15:19,720 Speaker 1: than any other form of voagering. It doesn't have to 287 00:15:19,800 --> 00:15:23,440 Speaker 1: be that high necessarily, but the sport has been very 288 00:15:23,520 --> 00:15:27,720 Speaker 1: resistant to change it. Every dollar that's bet on a 289 00:15:27,720 --> 00:15:30,640 Speaker 1: horse race in the United States, the average hold, the 290 00:15:30,720 --> 00:15:35,320 Speaker 1: average take that the racetrack takes from that dollar is 291 00:15:35,320 --> 00:15:39,800 Speaker 1: twenty cents. When you're when you're looking at Vegas, and 292 00:15:40,040 --> 00:15:42,520 Speaker 1: it's typically like you know, when you're playing a slot. 293 00:15:42,640 --> 00:15:46,240 Speaker 1: It varies, but it can be around five four percent, 294 00:15:46,400 --> 00:15:49,160 Speaker 1: maybe six seven percent in some places where it's high. 295 00:15:49,480 --> 00:15:52,520 Speaker 1: Sports betting is expected to be about the same, although 296 00:15:52,560 --> 00:15:54,840 Speaker 1: some of the fees to the league's could raise it 297 00:15:54,880 --> 00:15:58,400 Speaker 1: to as much as ten percent, but it's still much 298 00:15:58,600 --> 00:16:03,040 Speaker 1: cheaper to make bet uh than it is in horse racing. 299 00:16:03,160 --> 00:16:07,560 Speaker 1: And that's something that is probably its sports. Betting really 300 00:16:07,600 --> 00:16:09,880 Speaker 1: takes off in this country, and who thinks it won't. 301 00:16:10,680 --> 00:16:12,960 Speaker 1: That's something that the sport is going to now be 302 00:16:13,160 --> 00:16:16,800 Speaker 1: forced to address in order to stay competitive. It's something 303 00:16:16,840 --> 00:16:18,840 Speaker 1: they should have addressed a long time ago. But in 304 00:16:18,880 --> 00:16:22,040 Speaker 1: typical horse racing fashion, they've dragged their feet. But now 305 00:16:22,080 --> 00:16:24,360 Speaker 1: they might be taken kicking and screaming into the era 306 00:16:24,400 --> 00:16:26,920 Speaker 1: where they got to be competitive price wise. We're chatting 307 00:16:26,920 --> 00:16:29,560 Speaker 1: with NBC horse racing analyst Randy Moss, and you say 308 00:16:29,640 --> 00:16:32,160 Speaker 1: they they have to be kept. They have been resistant. 309 00:16:32,240 --> 00:16:35,760 Speaker 1: Who's they? Who are the principal vase? Well, the these 310 00:16:35,960 --> 00:16:39,800 Speaker 1: in horse racing. Unfortunately there's no league office. It's like boxing. 311 00:16:39,840 --> 00:16:43,400 Speaker 1: Every state has its own racing commission. It's just the 312 00:16:43,440 --> 00:16:46,600 Speaker 1: assortment of states that make the rules for each individual state. 313 00:16:47,440 --> 00:16:51,280 Speaker 1: Um and there has been a resistance because gambling funds 314 00:16:52,040 --> 00:16:56,880 Speaker 1: race tracks. It's about of a racetracks revenue is drived 315 00:16:56,880 --> 00:17:02,120 Speaker 1: directly from gambling and only about from admission fees and 316 00:17:02,160 --> 00:17:05,720 Speaker 1: from concessions and seating and things like that. And it's 317 00:17:05,760 --> 00:17:10,240 Speaker 1: the money bet that directly funds the purse, money that 318 00:17:10,320 --> 00:17:13,200 Speaker 1: the horses run for and that the owners and trainers 319 00:17:13,240 --> 00:17:15,280 Speaker 1: and jockeys make their living off of. So what are 320 00:17:15,280 --> 00:17:18,080 Speaker 1: the analytics behind me telling somebody? If you lower the 321 00:17:19,080 --> 00:17:22,320 Speaker 1: of each dollar bet, more people will bet. Ultimately the 322 00:17:22,359 --> 00:17:26,080 Speaker 1: pie will be bigger for you. There are many studies 323 00:17:26,119 --> 00:17:29,800 Speaker 1: that indicate that that's exactly what would happen. The more 324 00:17:29,840 --> 00:17:33,960 Speaker 1: money you put in circulation, then the more money it's 325 00:17:34,000 --> 00:17:36,560 Speaker 1: likely to be bet right back through the windows. I mean, 326 00:17:36,600 --> 00:17:39,399 Speaker 1: think about it. If you've if if if people walk 327 00:17:39,440 --> 00:17:44,240 Speaker 1: into a race track on any given day um intending 328 00:17:44,240 --> 00:17:46,680 Speaker 1: to wager, and let's just use a number. This is low, 329 00:17:46,720 --> 00:17:49,800 Speaker 1: but let's say a hundred thousand dollars collectively, they bring 330 00:17:49,800 --> 00:17:52,480 Speaker 1: a hundred thousand dollars to the track to bet, they 331 00:17:52,480 --> 00:17:53,920 Speaker 1: walk out at the end of the day, they bet 332 00:17:53,960 --> 00:17:59,520 Speaker 1: all hundred thousand dollars. Twenty of that one remains behind. Okay, 333 00:17:59,800 --> 00:18:03,160 Speaker 1: now I suppose it was only ten, So that's that's 334 00:18:03,200 --> 00:18:06,080 Speaker 1: ten thousand more that those people would have in their 335 00:18:06,080 --> 00:18:09,960 Speaker 1: pockets as they progressed, they're there to bed they would 336 00:18:10,000 --> 00:18:12,359 Speaker 1: probably bet that ten thousand, all right back through the 337 00:18:12,400 --> 00:18:17,119 Speaker 1: windows that all the economic studies indicate that there is 338 00:18:17,240 --> 00:18:22,639 Speaker 1: definitely a link between increased handle, increased bedding, and the 339 00:18:22,680 --> 00:18:27,680 Speaker 1: economics of the takeout. But race tracks have been reluctant 340 00:18:27,720 --> 00:18:31,119 Speaker 1: to do that because sometimes it means taking a short 341 00:18:31,240 --> 00:18:36,000 Speaker 1: term hit in order to have a long term gain, 342 00:18:36,480 --> 00:18:39,520 Speaker 1: and a lot of people are too shortsighted to let 343 00:18:39,520 --> 00:18:42,000 Speaker 1: that happen. Randy, you named a whole bunch of horses 344 00:18:42,040 --> 00:18:44,640 Speaker 1: earlier throughout the years, and I am not a big 345 00:18:44,680 --> 00:18:48,760 Speaker 1: horse racing aficionado, but I recognize all of them. I 346 00:18:48,840 --> 00:18:51,399 Speaker 1: remember it. I can tell you something about it, but 347 00:18:51,840 --> 00:18:56,080 Speaker 1: I don't know anything about the horses now, and therefore 348 00:18:56,119 --> 00:18:58,040 Speaker 1: I can tell you my soon to be ten year 349 00:18:58,080 --> 00:19:01,560 Speaker 1: old son has never been to a track, has shown 350 00:19:01,680 --> 00:19:04,440 Speaker 1: zero interest in horse racing. We'll never know who, Justice 351 00:19:04,480 --> 00:19:08,240 Speaker 1: will never know who. Justify is How does the sport 352 00:19:09,119 --> 00:19:12,439 Speaker 1: make me a fan one? Or more importantly for the sport, 353 00:19:12,760 --> 00:19:15,960 Speaker 1: how do they make my son a fan? Well, there 354 00:19:16,080 --> 00:19:20,280 Speaker 1: there are probably two different aspects to your to your question. 355 00:19:20,480 --> 00:19:25,119 Speaker 1: The first aspect would be the easiest one to identify 356 00:19:25,240 --> 00:19:28,080 Speaker 1: and probably the toughest one. To solve, and that is 357 00:19:28,119 --> 00:19:32,840 Speaker 1: to key horses racing for a longer period of time, right, 358 00:19:32,960 --> 00:19:37,200 Speaker 1: and and and and and you know, give them a 359 00:19:37,200 --> 00:19:40,720 Speaker 1: little more name recognition with the general public. Wouldn't it 360 00:19:40,720 --> 00:19:43,159 Speaker 1: be nice, if, you know, if American Pharaoh could have 361 00:19:43,240 --> 00:19:46,399 Speaker 1: raced against Justified, let's say, or something along those lines. 362 00:19:46,960 --> 00:19:50,600 Speaker 1: But unfortunately, in the world, not just United States and 363 00:19:50,640 --> 00:19:54,160 Speaker 1: the world of thoroughbred racing, when it comes to breeding 364 00:19:54,760 --> 00:19:58,080 Speaker 1: the tail wags of the dog breeding, the breeding of 365 00:19:58,240 --> 00:20:03,920 Speaker 1: race horses is m much much more lucrative than racing horses. 366 00:20:04,080 --> 00:20:08,920 Speaker 1: For example, take American Pharaoh, um, the most horse has 367 00:20:08,960 --> 00:20:13,320 Speaker 1: ever won in their career in the world in thoroughbred racing. 368 00:20:13,400 --> 00:20:17,120 Speaker 1: Racing career on the racetrack is just a little less 369 00:20:17,119 --> 00:20:20,160 Speaker 1: than twenty million dollars, which is a lot of money. 370 00:20:20,320 --> 00:20:24,000 Speaker 1: When American Pharaoh was retired to stud okay, he was 371 00:20:24,080 --> 00:20:28,320 Speaker 1: bred to about two hundred mayors. In his first year, 372 00:20:29,320 --> 00:20:32,679 Speaker 1: each of those breedings was running over a hundred thousand 373 00:20:32,760 --> 00:20:36,680 Speaker 1: dollars on average. So that's twenty million dollars that American 374 00:20:36,720 --> 00:20:40,880 Speaker 1: Pharaoh netted in one year. Study of stud duty one year, 375 00:20:42,280 --> 00:20:47,280 Speaker 1: So there is very little economic incentive for horses for 376 00:20:47,480 --> 00:20:51,240 Speaker 1: owners with a horse the stature of an American pharaoh 377 00:20:52,400 --> 00:20:54,960 Speaker 1: to keep them running on the racetrack when all the 378 00:20:55,000 --> 00:20:58,480 Speaker 1: money is sitting there waiting in the stud barn, to 379 00:20:58,560 --> 00:21:01,640 Speaker 1: make it. To make that applicable to a listener, how 380 00:21:01,680 --> 00:21:04,280 Speaker 1: about it, it would be like saying, well, Lebron James 381 00:21:04,280 --> 00:21:07,040 Speaker 1: could make so much more money off the basketball court 382 00:21:07,040 --> 00:21:09,800 Speaker 1: than on the court, why keep playing? Well? But but 383 00:21:09,920 --> 00:21:13,200 Speaker 1: in the but in the in the situation of Lebron James, 384 00:21:14,000 --> 00:21:17,120 Speaker 1: there would be you know, there would not be that 385 00:21:17,200 --> 00:21:19,960 Speaker 1: much of a negative for him to continue playing four 386 00:21:20,080 --> 00:21:22,200 Speaker 1: or five more years and then make his money off 387 00:21:22,240 --> 00:21:25,639 Speaker 1: the court after that. With racehorses, there is always the 388 00:21:25,840 --> 00:21:29,920 Speaker 1: risk of what we were referred to as catastrophic injury. 389 00:21:30,240 --> 00:21:33,920 Speaker 1: And even though those horses are insured when they get 390 00:21:33,920 --> 00:21:36,760 Speaker 1: to the level of an American pharaoh, every time they 391 00:21:36,760 --> 00:21:38,399 Speaker 1: put him out there on the race track there is 392 00:21:38,440 --> 00:21:42,080 Speaker 1: at least a very small risk that something will happen 393 00:21:42,119 --> 00:21:45,919 Speaker 1: to them, and the owners and the breeders are increasingly 394 00:21:46,680 --> 00:21:50,120 Speaker 1: not willing to accept that risk. We're speaking with Randy Moss, 395 00:21:50,440 --> 00:21:53,600 Speaker 1: horse raising analyst at NBC and and Randy, you just 396 00:21:53,640 --> 00:21:57,119 Speaker 1: said and talked about a little the catastrophic injury and 397 00:21:57,160 --> 00:21:59,239 Speaker 1: the risk there for horses. I think for a lot 398 00:21:59,240 --> 00:22:01,880 Speaker 1: of people who are horse racing fans, uh, they may 399 00:22:01,920 --> 00:22:05,200 Speaker 1: have caught wind, you know, nationally stories right now about 400 00:22:05,280 --> 00:22:08,160 Speaker 1: Santa Anita Racetrack out in California, one of the more 401 00:22:08,240 --> 00:22:11,680 Speaker 1: prestigious tracks in horse racing. I believe they're now the 402 00:22:11,920 --> 00:22:15,480 Speaker 1: death toll now twenty nine horses since December have died 403 00:22:15,520 --> 00:22:18,840 Speaker 1: either in races or in training at the track. Um 404 00:22:18,880 --> 00:22:21,119 Speaker 1: it seems like a huge number to me. I was 405 00:22:21,119 --> 00:22:23,840 Speaker 1: actually surprised to learn that, you know, for Santa Anita, 406 00:22:24,359 --> 00:22:26,879 Speaker 1: it's really not, at least at this point, not not 407 00:22:26,920 --> 00:22:31,280 Speaker 1: a crazy number yet. Um, is people blowing that out 408 00:22:31,280 --> 00:22:33,480 Speaker 1: of proportion? Kind of How do you view what's going 409 00:22:33,520 --> 00:22:35,800 Speaker 1: on at Santa Anita right now in terms of health, 410 00:22:35,920 --> 00:22:38,320 Speaker 1: both for horses and for the sport itself. Yeah, no, 411 00:22:38,400 --> 00:22:40,600 Speaker 1: I don't think they're blowing it out of proportion at all, really, 412 00:22:40,680 --> 00:22:43,560 Speaker 1: but there's a point that needs to be made. It 413 00:22:43,800 --> 00:22:48,640 Speaker 1: was much higher, at least double, maybe even more than 414 00:22:48,720 --> 00:22:52,560 Speaker 1: double the regular injury rate at Santa Anita from the 415 00:22:52,640 --> 00:22:57,600 Speaker 1: period of mid December to late December, when Santa Anita 416 00:22:57,720 --> 00:23:03,000 Speaker 1: began their nineteen season until mid March when they decided 417 00:23:03,040 --> 00:23:06,760 Speaker 1: to suspend racing in order to try to get a 418 00:23:06,800 --> 00:23:09,119 Speaker 1: handle on exactly what was going on with these with 419 00:23:09,200 --> 00:23:14,240 Speaker 1: these horses, they had an unseasonably rainy winter that created 420 00:23:14,280 --> 00:23:16,960 Speaker 1: problems with the racing surface the horses were running over. 421 00:23:17,400 --> 00:23:21,480 Speaker 1: The surfaces in southern California are designed for Southern California weather, 422 00:23:22,040 --> 00:23:26,600 Speaker 1: for sunny southern California, and unfortunately, with the record rainfall 423 00:23:26,640 --> 00:23:30,280 Speaker 1: they were getting over the winter, um the racetrack wasn't 424 00:23:30,280 --> 00:23:33,680 Speaker 1: holding up very well in those in those circumstances, and 425 00:23:33,680 --> 00:23:36,720 Speaker 1: it was causing uneven spots in the racetrack. That was 426 00:23:36,840 --> 00:23:40,040 Speaker 1: one of the primary problems causing the increased injury rate. 427 00:23:40,080 --> 00:23:42,600 Speaker 1: They wanted to get a hold of it, and they did. 428 00:23:42,760 --> 00:23:47,399 Speaker 1: They They really did a lot of things behind the 429 00:23:47,480 --> 00:23:53,920 Speaker 1: scenes into the racetrack they do while they they Unfortunately, 430 00:23:53,960 --> 00:23:56,200 Speaker 1: what they had done to begin with before the meeting 431 00:23:56,280 --> 00:24:00,159 Speaker 1: started in December, they had kind of chased away the 432 00:24:00,200 --> 00:24:03,200 Speaker 1: guy who had for a long time been in charge 433 00:24:03,760 --> 00:24:06,600 Speaker 1: of taking care of the racing surface. They brought him 434 00:24:06,600 --> 00:24:10,000 Speaker 1: back in March. They did a lot of scientific tests 435 00:24:10,080 --> 00:24:13,200 Speaker 1: on the racetrack and made some changes to the racetrack 436 00:24:13,240 --> 00:24:17,000 Speaker 1: In order to make it safer. Secondarily, they also instituted 437 00:24:17,160 --> 00:24:22,560 Speaker 1: a lot of safeguards in supervision to make sure that 438 00:24:22,760 --> 00:24:26,680 Speaker 1: not only in races in the afternoon, but in workouts 439 00:24:26,760 --> 00:24:29,720 Speaker 1: in the morning and training in the morning, that every 440 00:24:29,800 --> 00:24:32,439 Speaker 1: horse that went onto the racetrack and came off of 441 00:24:32,480 --> 00:24:36,919 Speaker 1: the racetrack we're being watched by veterinarians for any signs 442 00:24:37,080 --> 00:24:40,280 Speaker 1: of injury, any signs of soreness, any signs of blamenus, 443 00:24:40,960 --> 00:24:44,240 Speaker 1: better pre race examinations before horses are allowed to run, 444 00:24:45,119 --> 00:24:48,080 Speaker 1: and all that had an impact because once they started 445 00:24:48,160 --> 00:24:50,720 Speaker 1: racing again with all these safeguards and a better racing 446 00:24:50,720 --> 00:24:55,760 Speaker 1: surface in place, it stabilized. And now from that period 447 00:24:55,800 --> 00:24:58,240 Speaker 1: of time when they started racing in in late March 448 00:24:59,520 --> 00:25:05,200 Speaker 1: until now, it's been pretty much either normal or below 449 00:25:05,280 --> 00:25:08,480 Speaker 1: normal the injury rate. But unfortunately, now there's such a 450 00:25:08,520 --> 00:25:11,879 Speaker 1: microscope on Santa Anita because of what happened earlier in 451 00:25:11,920 --> 00:25:16,120 Speaker 1: the year that any sort of of of death, including 452 00:25:16,119 --> 00:25:18,120 Speaker 1: a heart attack at the finish line, which we had 453 00:25:18,240 --> 00:25:21,760 Speaker 1: last week, is gonna is gonna really, you know, get 454 00:25:21,800 --> 00:25:23,719 Speaker 1: the animal rights people up in arms. And I can 455 00:25:23,800 --> 00:25:27,760 Speaker 1: understand everyone loves that they're beautiful animals. Um the people 456 00:25:27,800 --> 00:25:30,199 Speaker 1: to take care of them. Um, you know they have 457 00:25:31,080 --> 00:25:33,679 Speaker 1: they have a great affinity for them and they do 458 00:25:33,760 --> 00:25:35,440 Speaker 1: everything they can to try to take care of them. 459 00:25:35,520 --> 00:25:40,680 Speaker 1: But unfortunately, in the sport, the occasional accident is going 460 00:25:40,720 --> 00:25:43,920 Speaker 1: to happen, and now they're sort of caught between a 461 00:25:44,000 --> 00:25:47,600 Speaker 1: rock and a hard place. And for listeners who don't no, 462 00:25:47,800 --> 00:25:49,880 Speaker 1: I mean, I think you people hear a horse died 463 00:25:49,880 --> 00:25:51,560 Speaker 1: at the track and they think that, you know, mid 464 00:25:51,600 --> 00:25:54,440 Speaker 1: mid race collapse, keeled over, you know, ambulance had to 465 00:25:54,480 --> 00:25:58,400 Speaker 1: come out of tractor take the horse away. What when 466 00:25:58,440 --> 00:25:59,879 Speaker 1: when when you read that a horse died at the 467 00:26:00,000 --> 00:26:02,760 Speaker 1: acting training or in racing, what does that typically look like? 468 00:26:02,880 --> 00:26:05,320 Speaker 1: Is that just an injury that the horse walks away 469 00:26:05,320 --> 00:26:07,800 Speaker 1: from and then his diagnosed later on and they and 470 00:26:07,840 --> 00:26:10,760 Speaker 1: they realize it's fate. Is that kind of collapsing on 471 00:26:10,800 --> 00:26:13,800 Speaker 1: the track? What does it look like in practice? It 472 00:26:13,960 --> 00:26:17,960 Speaker 1: can be Unfortunately, it's it's it's very seldom a collapsing 473 00:26:18,040 --> 00:26:20,400 Speaker 1: on the track, unless you're talking about a horse that 474 00:26:20,400 --> 00:26:23,680 Speaker 1: that suffered a heart attack like like we had last week. There. 475 00:26:24,200 --> 00:26:28,720 Speaker 1: Most of the time it's a horse that that suffers uh, 476 00:26:29,040 --> 00:26:32,880 Speaker 1: some sort of a fracture to its leg that will 477 00:26:32,920 --> 00:26:34,880 Speaker 1: cause it to pull up during a race or during 478 00:26:34,920 --> 00:26:38,720 Speaker 1: a workout, and they'll put the cast on immediately, they'll 479 00:26:38,720 --> 00:26:40,480 Speaker 1: take it back to the barn, they'll do all sorts 480 00:26:40,480 --> 00:26:43,800 Speaker 1: of X rays and all that, and believe it or not, 481 00:26:43,920 --> 00:26:47,320 Speaker 1: I mean, with race horses, there's such big, robust animals, right, 482 00:26:47,359 --> 00:26:51,000 Speaker 1: you're talking about eleven pound in most cases animal they 483 00:26:51,040 --> 00:26:54,440 Speaker 1: are unbelievably fragile. You can go in and have some 484 00:26:54,640 --> 00:26:57,240 Speaker 1: like Barbaro for example, that broke down the Kentucky Derby 485 00:26:57,240 --> 00:26:59,639 Speaker 1: winner that got hurt in the Preakness. You can go 486 00:26:59,840 --> 00:27:03,800 Speaker 1: in and you can surgically repair these injuries. But the 487 00:27:03,880 --> 00:27:06,640 Speaker 1: problem with race horses is once a horse gets out 488 00:27:06,640 --> 00:27:10,919 Speaker 1: of surgery, he has to immediately be able to place 489 00:27:11,280 --> 00:27:16,040 Speaker 1: a full load on the injured leg. Horses the way 490 00:27:16,040 --> 00:27:18,479 Speaker 1: a thousand pounds are supported by four legs that are 491 00:27:18,480 --> 00:27:21,000 Speaker 1: no bigger around the bones the major bones in the 492 00:27:21,080 --> 00:27:25,520 Speaker 1: leg than a human forearm, and all four legs have 493 00:27:25,640 --> 00:27:28,560 Speaker 1: to equally handle the weight. If a horse begins to 494 00:27:28,600 --> 00:27:31,880 Speaker 1: shift his weight off an injured leg, then the other 495 00:27:32,000 --> 00:27:36,160 Speaker 1: legs start to go and that is a very excruciatingly painful, 496 00:27:36,200 --> 00:27:40,000 Speaker 1: sad situation. You can't immobilize a horse like a human. 497 00:27:40,040 --> 00:27:41,920 Speaker 1: You can't say you gotta lay down for a month. 498 00:27:42,119 --> 00:27:44,440 Speaker 1: If horses lay down for an extended period of time, 499 00:27:44,680 --> 00:27:48,680 Speaker 1: their circulatory system can handle it and they die. You say, okay, 500 00:27:48,720 --> 00:27:52,120 Speaker 1: support him in a sling. You can't do that because 501 00:27:52,240 --> 00:27:56,159 Speaker 1: that will create undue pressure on the horse's intestines and 502 00:27:56,160 --> 00:27:59,680 Speaker 1: the horse will die. So really, the only humane all 503 00:27:59,720 --> 00:28:02,000 Speaker 1: turn to when you get an injury of a certain 504 00:28:02,040 --> 00:28:05,960 Speaker 1: type is to just put the horse to sleep because 505 00:28:06,119 --> 00:28:09,560 Speaker 1: it's too painful. Otherwise, uh, and there's really no way, 506 00:28:10,119 --> 00:28:12,280 Speaker 1: no logical way for the horse to recover from it 507 00:28:12,400 --> 00:28:16,919 Speaker 1: without excruciating pain. And Santa Anita owned by the Stronach family, 508 00:28:17,000 --> 00:28:21,560 Speaker 1: which owns Pimlico as well. Um, the Breeder's Cup is 509 00:28:21,560 --> 00:28:23,399 Speaker 1: coming up in November, as you said, another one of 510 00:28:23,440 --> 00:28:26,600 Speaker 1: these huge events within horse racing. Is this affecting the 511 00:28:26,760 --> 00:28:30,480 Speaker 1: business at Santa Anita? Are people staying away because of 512 00:28:30,560 --> 00:28:33,159 Speaker 1: kind of the gaudy death numbers that they're hearing? I 513 00:28:33,160 --> 00:28:36,080 Speaker 1: know Gavin Newsom has come out recently and called for 514 00:28:36,119 --> 00:28:39,600 Speaker 1: a halt and racing altogether. Is this affecting the business 515 00:28:39,720 --> 00:28:43,480 Speaker 1: of the racetrack? You know, I haven't seen numbers that 516 00:28:43,520 --> 00:28:46,120 Speaker 1: would indicate one way or the other. That's that's one 517 00:28:46,160 --> 00:28:48,120 Speaker 1: part of the element of Santa Nita that I don't 518 00:28:48,120 --> 00:28:50,400 Speaker 1: know that much about right now, but I would have 519 00:28:50,480 --> 00:28:53,200 Speaker 1: to think logically that it would have to have had 520 00:28:53,240 --> 00:28:55,400 Speaker 1: some effect. And you're talking about the Breeders Cup in 521 00:28:55,440 --> 00:28:58,800 Speaker 1: the fall. The Breeder's Cup now has a very interesting 522 00:28:58,800 --> 00:29:01,920 Speaker 1: and very difficult decision and to make, because I mean, 523 00:29:02,040 --> 00:29:08,240 Speaker 1: people are making hotel reservations, they're making airline reservations, making 524 00:29:08,280 --> 00:29:10,720 Speaker 1: travel plans to go to Santa Anita the first week 525 00:29:10,760 --> 00:29:15,440 Speaker 1: of November. Does the Breeders Cup really want to gamble that, 526 00:29:16,320 --> 00:29:20,120 Speaker 1: you know, something might happen that would cause Santa Anita 527 00:29:20,160 --> 00:29:24,120 Speaker 1: to have to close at least temporarily and would disrupt 528 00:29:24,160 --> 00:29:27,600 Speaker 1: the Breeder's Cup um. The alternative would be to run 529 00:29:27,640 --> 00:29:29,920 Speaker 1: it at Churchill Downs in Louisville, Kentucky, which is about 530 00:29:29,920 --> 00:29:32,720 Speaker 1: the only track in the country because of the Kentucky Derby, 531 00:29:32,760 --> 00:29:34,920 Speaker 1: because of their experience in handling big events that can 532 00:29:34,960 --> 00:29:37,960 Speaker 1: just be plug and play and can say pretty quickly, Okay, 533 00:29:37,960 --> 00:29:39,640 Speaker 1: we'll take the Breeders Cup. We don't have to make 534 00:29:39,680 --> 00:29:43,080 Speaker 1: any infrastructure changes or anything like that. It's been a 535 00:29:43,200 --> 00:29:46,120 Speaker 1: very hot topic of conversation and through red racing right now, 536 00:29:46,200 --> 00:29:49,680 Speaker 1: whether the Breeder's Cup should just right now in June, 537 00:29:50,160 --> 00:29:52,680 Speaker 1: say okay, we're moving the Breeder's Cup from Santa Anita. 538 00:29:52,920 --> 00:29:55,120 Speaker 1: They say, right now, they're keeping it at Santa Anita. 539 00:29:55,200 --> 00:29:58,400 Speaker 1: But I can promise you that's been a very um 540 00:29:59,800 --> 00:30:03,680 Speaker 1: of very heated topic of conversation within the Breeders Cup organization. 541 00:30:03,880 --> 00:30:06,080 Speaker 1: Interesting and before we let you go, let's lighten it 542 00:30:06,160 --> 00:30:08,320 Speaker 1: up a little bit. Get get off and send a 543 00:30:08,360 --> 00:30:11,040 Speaker 1: topic for a second. Um if you were I mean, 544 00:30:11,040 --> 00:30:13,760 Speaker 1: there's no commissioner obviously, but if if Churchill down has 545 00:30:13,760 --> 00:30:16,959 Speaker 1: called you tomorrow and said, listen, Randy, we're gonna put 546 00:30:17,000 --> 00:30:19,360 Speaker 1: you in charge for a day. We want to attract 547 00:30:19,640 --> 00:30:23,480 Speaker 1: more people to the racetrack, to horse racing. What's one 548 00:30:23,560 --> 00:30:26,200 Speaker 1: or two kind of big initiatives you would put in place, 549 00:30:26,280 --> 00:30:29,240 Speaker 1: kind of new new way of thinking or maybe new technology, 550 00:30:29,400 --> 00:30:32,320 Speaker 1: something that you think it can help horse racing moving 551 00:30:32,320 --> 00:30:36,440 Speaker 1: forward in terms of attracting attracting new fans. Less racing 552 00:30:38,040 --> 00:30:42,200 Speaker 1: right now, I mean in thoroughbred racing, less is more. Um. 553 00:30:42,320 --> 00:30:46,120 Speaker 1: For example, the most successful race meet in America right now, 554 00:30:46,200 --> 00:30:50,440 Speaker 1: Saratoga and Upstate New York. UM. They average twenty seven 555 00:30:50,480 --> 00:30:53,239 Speaker 1: thousand fans a day, which is a little more than 556 00:30:53,280 --> 00:30:56,320 Speaker 1: the population of Saratoga Springs, the town and which spracetrack 557 00:30:56,440 --> 00:31:00,280 Speaker 1: is located. It's phenomenally successful in all of those acts 558 00:31:00,320 --> 00:31:05,720 Speaker 1: that I mentioned to you UM earlier, Saratoga, Keeneland, del Mar, Oaklawn. 559 00:31:05,840 --> 00:31:09,280 Speaker 1: To a lesser extent, all those racetracks are what we 560 00:31:09,280 --> 00:31:14,080 Speaker 1: would call boutique meetings. They have very short meetings. Saratoga 561 00:31:14,120 --> 00:31:18,080 Speaker 1: opens in late July. They run basically until Labor Day, 562 00:31:18,440 --> 00:31:20,600 Speaker 1: and that's even an extended meat from what it was 563 00:31:20,800 --> 00:31:25,320 Speaker 1: ten fifteen years ago. When you have short meetings, there's 564 00:31:25,360 --> 00:31:29,320 Speaker 1: a you know, there's an excitement level people. You know, 565 00:31:29,400 --> 00:31:31,200 Speaker 1: people know that it's not going to be there for long. 566 00:31:31,240 --> 00:31:33,080 Speaker 1: We've got to get out there before it goes away. 567 00:31:33,440 --> 00:31:37,200 Speaker 1: It creates a lot more excitement, creates a lot more buzz. Unfortunately, 568 00:31:37,840 --> 00:31:40,320 Speaker 1: at too many racetracks in America, like Gulf Stream Park 569 00:31:40,400 --> 00:31:43,880 Speaker 1: for example in Miami, Uh, they run almost year round, 570 00:31:44,640 --> 00:31:47,160 Speaker 1: and people lose that sense of urgency to get out 571 00:31:47,160 --> 00:31:49,240 Speaker 1: to the racetrack. It just becomes you know, ho hum, 572 00:31:49,280 --> 00:31:52,240 Speaker 1: they're running again this weekend. You need to have a 573 00:31:52,560 --> 00:31:54,720 Speaker 1: framework sort of like you have in Europe where you 574 00:31:54,760 --> 00:31:59,160 Speaker 1: have these short, very short racing meets uh and really 575 00:31:59,280 --> 00:32:03,000 Speaker 1: keep the excite a level going and and have you know, 576 00:32:03,040 --> 00:32:05,400 Speaker 1: have all the races sort of synchronized, all the major 577 00:32:05,520 --> 00:32:07,960 Speaker 1: races at these various meats around the country. Ran do 578 00:32:08,000 --> 00:32:10,480 Speaker 1: you have an idea you had Tiger play filling that 579 00:32:10,600 --> 00:32:13,440 Speaker 1: one off rather than have to go through all this. 580 00:32:13,520 --> 00:32:15,880 Speaker 1: If the money is really there for spectacular events, and 581 00:32:16,200 --> 00:32:19,080 Speaker 1: we have all these sort of regular broadcast networks, new 582 00:32:19,120 --> 00:32:23,160 Speaker 1: broadcast networks, digital streamers, the money might be there for 583 00:32:23,320 --> 00:32:25,200 Speaker 1: let me give me the best horses. Don't race all 584 00:32:25,200 --> 00:32:27,320 Speaker 1: the time, Just give me the two best head to head, 585 00:32:27,640 --> 00:32:29,360 Speaker 1: and see what kind of money that could generate from 586 00:32:29,400 --> 00:32:34,200 Speaker 1: sponsors and fans. It probably would accept match racings. What 587 00:32:34,320 --> 00:32:37,760 Speaker 1: you're talking about. Hit the head one on one doesn't 588 00:32:37,760 --> 00:32:41,440 Speaker 1: typically generate that much in terms of betting because the 589 00:32:41,440 --> 00:32:45,320 Speaker 1: payoffs are too low. You only have two options, right, 590 00:32:45,520 --> 00:32:47,160 Speaker 1: one horse is going to win or the other horse 591 00:32:47,280 --> 00:32:50,719 Speaker 1: is gonna win. In paramutual racing, the larger the field 592 00:32:50,800 --> 00:32:53,600 Speaker 1: like the Kentucky Derby twenty horse field, the higher the 593 00:32:53,600 --> 00:32:56,840 Speaker 1: payoffs are because the money spread out among all the horses, 594 00:32:57,080 --> 00:32:59,240 Speaker 1: and the more attractive it is to betters. That's I 595 00:32:59,320 --> 00:33:01,640 Speaker 1: understand where you're coming from. We need to create more 596 00:33:01,720 --> 00:33:05,080 Speaker 1: major events and horse racing U and those are exciting, 597 00:33:05,160 --> 00:33:07,360 Speaker 1: but you can't have a regular diet of those because 598 00:33:07,400 --> 00:33:10,160 Speaker 1: they don't do well enough in terms of betting revenue. 599 00:33:10,280 --> 00:33:13,240 Speaker 1: Randy Moss, NBC Horse Racing Analysts at NBC, thanks so 600 00:33:13,320 --> 00:33:18,240 Speaker 1: much for enlightening us, Scott. That was a great conversation. 601 00:33:18,280 --> 00:33:20,600 Speaker 1: So much there that I did not know about. One 602 00:33:20,600 --> 00:33:22,920 Speaker 1: of the big things that stuck out to me. There 603 00:33:22,920 --> 00:33:25,680 Speaker 1: seems to be this kind of perverse set of incentives 604 00:33:25,800 --> 00:33:28,720 Speaker 1: right now for owners of elite horses. You know, you 605 00:33:28,800 --> 00:33:31,600 Speaker 1: heard Randy say. One of the things that might attract 606 00:33:31,600 --> 00:33:34,160 Speaker 1: more people and maybe one of the reasons why back 607 00:33:34,200 --> 00:33:36,920 Speaker 1: in the seventies everybody knew these horses names is that 608 00:33:36,960 --> 00:33:39,280 Speaker 1: the great horses Now they don't race that much. And 609 00:33:39,320 --> 00:33:42,040 Speaker 1: the truth is that that there's so much risk. He 610 00:33:42,080 --> 00:33:44,920 Speaker 1: talked about Santa Anita. There's so much risk right now 611 00:33:45,240 --> 00:33:47,720 Speaker 1: of a great horse getting hurt and having to be 612 00:33:47,760 --> 00:33:51,640 Speaker 1: put down versus the millions and millions of dollars that 613 00:33:51,680 --> 00:33:53,560 Speaker 1: an elite race horse can make at the stud fees 614 00:33:53,640 --> 00:33:56,080 Speaker 1: right now. Yeah, I just don't know what the answer is. 615 00:33:56,160 --> 00:33:59,720 Speaker 1: And talking with experts, they're like, like Randy, he doesn't 616 00:33:59,760 --> 00:34:02,200 Speaker 1: know we there, He's just not sure. I mean, okay, 617 00:34:02,320 --> 00:34:04,920 Speaker 1: race less, that's fine. Make people want it more. Does 618 00:34:04,960 --> 00:34:07,360 Speaker 1: that make my kids say, dad, let's go to the track? 619 00:34:08,000 --> 00:34:10,520 Speaker 1: I don't. I don't think so does it make him say, 620 00:34:10,560 --> 00:34:12,120 Speaker 1: you're I think you're too young to remember the old 621 00:34:12,120 --> 00:34:16,239 Speaker 1: O t B s like every sort of had your 622 00:34:16,560 --> 00:34:19,279 Speaker 1: your dirty food stained under shirt crowd in the O 623 00:34:19,440 --> 00:34:20,920 Speaker 1: t B, which I found kind of cool. So I 624 00:34:20,960 --> 00:34:23,160 Speaker 1: always kind of wanted to go there more than the track. 625 00:34:24,040 --> 00:34:27,080 Speaker 1: I'm you have the big event feel again around the majors. 626 00:34:27,080 --> 00:34:28,799 Speaker 1: Maybe you could have those one offs if they if 627 00:34:28,800 --> 00:34:31,440 Speaker 1: the pay is a harder, big enough, But outside of that, 628 00:34:32,120 --> 00:34:34,480 Speaker 1: what what do you get if if sports betting is 629 00:34:34,520 --> 00:34:37,719 Speaker 1: helping everybody else but not horse racing, that's a tough position. Yeah, 630 00:34:37,719 --> 00:34:39,279 Speaker 1: I thought that was an interesting one. Also, you know, 631 00:34:39,360 --> 00:34:41,959 Speaker 1: every executive we sit down with on this podcast talks 632 00:34:41,960 --> 00:34:43,799 Speaker 1: about how great sports betting is going to be from 633 00:34:43,800 --> 00:34:47,760 Speaker 1: an engagement standpoint. Unfortunately, it doesn't seem like horse racing 634 00:34:47,840 --> 00:34:51,520 Speaker 1: executives can say necessarily that exact same thing. Because betting 635 00:34:51,520 --> 00:34:54,280 Speaker 1: has been so central to their sport in the past, 636 00:34:54,640 --> 00:34:56,560 Speaker 1: and is also kind of one of the reasons why 637 00:34:56,600 --> 00:35:01,320 Speaker 1: it may be losing popularity. From been Germ, it feels 638 00:35:01,320 --> 00:35:03,160 Speaker 1: better to be number one than number five. I'll wear 639 00:35:03,200 --> 00:35:04,920 Speaker 1: a number because of Mike. We have a chance to 640 00:35:04,960 --> 00:35:06,920 Speaker 1: go for three in a row, numbers in a good time. 641 00:35:06,960 --> 00:35:09,080 Speaker 1: And I's first started wearing the number. I would just 642 00:35:09,080 --> 00:35:13,120 Speaker 1: have the Bloomberg business of sports. The number of the week, 643 00:35:13,680 --> 00:35:16,000 Speaker 1: remember the week. Aban you're ready, I'm ready, all right, 644 00:35:16,040 --> 00:35:20,080 Speaker 1: I'm going twenty two one in three quarters. Twenty two 645 00:35:20,520 --> 00:35:25,240 Speaker 1: one in three quarters the length of the long jump 646 00:35:25,480 --> 00:35:29,560 Speaker 1: champion in feet uh at the n c A trials 647 00:35:29,600 --> 00:35:34,120 Speaker 1: last week. Almost finally college basketball. And I only do 648 00:35:34,200 --> 00:35:36,439 Speaker 1: this because obviously it's a big money game. But they're 649 00:35:36,440 --> 00:35:40,920 Speaker 1: moving the three point line back to the international distance. 650 00:35:41,160 --> 00:35:43,720 Speaker 1: And that's shorter. That's still shorter than NBA, still shorter 651 00:35:43,719 --> 00:35:46,600 Speaker 1: than NBA, but longer obviously than where it was where 652 00:35:46,880 --> 00:35:49,960 Speaker 1: the entire game of college basketball had become teams chucking 653 00:35:49,960 --> 00:35:53,680 Speaker 1: three points. I mean there's no sounds like basketball. Yeah, yes, 654 00:35:53,840 --> 00:35:56,000 Speaker 1: and no, and that the game has changed. Put further, 655 00:35:56,160 --> 00:35:58,480 Speaker 1: that's the analytics of which shots makes sense, but they 656 00:35:58,520 --> 00:36:00,000 Speaker 1: got to be able to make them if they start. 657 00:36:00,120 --> 00:36:02,200 Speaker 1: If they miss these at a rate I think many 658 00:36:02,200 --> 00:36:04,440 Speaker 1: of these kids will miss, then it will no longer 659 00:36:04,520 --> 00:36:07,560 Speaker 1: behoove the team to take as many. That's the point 660 00:36:07,560 --> 00:36:09,040 Speaker 1: in the NBA. These guys are so good they can 661 00:36:09,080 --> 00:36:11,120 Speaker 1: knock them Like Steph Curry, you can put on the 662 00:36:11,160 --> 00:36:13,879 Speaker 1: five feet it wouldn't matter. That's why he's changed the game. 663 00:36:14,320 --> 00:36:18,400 Speaker 1: But what's the impact on the game, then the appeal, 664 00:36:18,520 --> 00:36:22,680 Speaker 1: then the television as we trickle down, what's the overall 665 00:36:22,719 --> 00:36:25,200 Speaker 1: effect to the money of college passing? Yeah? Interesting? I 666 00:36:25,239 --> 00:36:27,239 Speaker 1: mean I would imagine there's you know, guys who work 667 00:36:27,280 --> 00:36:30,480 Speaker 1: on the floor at at arenas around the country right 668 00:36:30,520 --> 00:36:34,040 Speaker 1: now that are like, man, I got to repaint this thing. Um. 669 00:36:34,160 --> 00:36:38,240 Speaker 1: But yeah, the college basketball has made a number of changes, certainly, 670 00:36:38,520 --> 00:36:40,640 Speaker 1: you know, in terms of what gets foul, what gets 671 00:36:40,680 --> 00:36:42,840 Speaker 1: called as the foul. Recently they're trying to open the 672 00:36:42,840 --> 00:36:45,280 Speaker 1: game up a bit. Um. I do wonder what effect 673 00:36:45,320 --> 00:36:47,279 Speaker 1: this will happen, if people will even notice. There's a 674 00:36:47,360 --> 00:36:49,920 Speaker 1: chance that the fans don't even notice. You've been listening 675 00:36:49,960 --> 00:36:52,440 Speaker 1: to the Bloomberg Business of sports. We're here each and 676 00:36:52,480 --> 00:36:55,520 Speaker 1: every week at the same time, plus online as a podcast. 677 00:36:55,800 --> 00:36:58,760 Speaker 1: You can catch that Monday's, Wednesdays and Thursdays. I'm Scott 678 00:36:58,800 --> 00:37:02,919 Speaker 1: Slashnik on the twy. I'm Evan Novie, Williams at NOVI 679 00:37:03,120 --> 00:37:05,879 Speaker 1: Underscore Williams. Thanks for joining us. Please tune in next 680 00:37:05,920 --> 00:37:08,040 Speaker 1: week when we speak with Michael Eisner, who used to 681 00:37:08,120 --> 00:37:11,399 Speaker 1: run Disney. Heard of it? Yeah, yeah, Michael Eisner. He's 682 00:37:11,440 --> 00:37:13,640 Speaker 1: by the way. It owns a soccer team like everybody 683 00:37:13,640 --> 00:37:16,480 Speaker 1: else wants these days, European soccer team. Are you excited 684 00:37:16,480 --> 00:37:18,440 Speaker 1: from Michael? I am very excited. I can't wait to 685 00:37:18,480 --> 00:37:21,719 Speaker 1: hear what it is about media, soccer and media. You're 686 00:37:21,760 --> 00:37:25,120 Speaker 1: listening to Bloomberg Business of Sports from Bloomberg Radio around 687 00:37:25,200 --> 00:37:25,520 Speaker 1: the world.