1 00:00:02,279 --> 00:00:04,960 Speaker 1: Hello, I'm Michael Bough and I'm Scott Sahnik. On this 2 00:00:05,000 --> 00:00:07,560 Speaker 1: weekly podcast, we explore the big money issues in the 3 00:00:07,600 --> 00:00:09,440 Speaker 1: world of sports and talk to some of the biggest 4 00:00:09,440 --> 00:00:12,239 Speaker 1: players in the industry. Joining us on this week's show 5 00:00:12,440 --> 00:00:15,560 Speaker 1: is l A Clippers President of Business Operations, Gilly and Soccer. 6 00:00:15,640 --> 00:00:17,800 Speaker 1: But first I had a look at the top stories 7 00:00:17,800 --> 00:00:20,040 Speaker 1: of the week. Joining us as Bloomberg Business of Sports 8 00:00:20,120 --> 00:00:23,480 Speaker 1: reporter Evan Novie Williams. And let's start with the nc 9 00:00:23,760 --> 00:00:26,960 Speaker 1: double A and a whole lot of money going on, folks. 10 00:00:27,320 --> 00:00:29,040 Speaker 1: If we're starting n c A, we're starting with em 11 00:00:29,080 --> 00:00:32,479 Speaker 1: and w Williams. That's the n A released some audited 12 00:00:32,520 --> 00:00:35,480 Speaker 1: documents this week for the first time ever. The organization, 13 00:00:35,560 --> 00:00:38,440 Speaker 1: a nonprofit, by the way, is up over one billion 14 00:00:38,520 --> 00:00:41,920 Speaker 1: dollars in annual revenue. As we've talked about, most of 15 00:00:41,920 --> 00:00:44,360 Speaker 1: that money comes from the Turner CBS deal to air 16 00:00:44,880 --> 00:00:48,760 Speaker 1: March Madness the tournament. But money is flowing in, continues 17 00:00:48,800 --> 00:00:51,600 Speaker 1: to flow in despite a lot of pressures on the 18 00:00:51,720 --> 00:00:54,560 Speaker 1: n c A business model. Should players be paid? Is 19 00:00:54,600 --> 00:00:57,760 Speaker 1: there an anti trust concern? Is there too much of 20 00:00:57,760 --> 00:00:59,480 Speaker 1: a gap between the halves and that have not there's 21 00:00:59,480 --> 00:01:00,959 Speaker 1: a lot of pressure on the n c A right now, 22 00:01:01,080 --> 00:01:04,000 Speaker 1: but the money and the green is still good. Really 23 00:01:04,000 --> 00:01:06,240 Speaker 1: hard for them to say there's no money to pay players. 24 00:01:06,240 --> 00:01:09,480 Speaker 1: And the biggest expense, they'll say, is the distribution to schools. 25 00:01:09,480 --> 00:01:12,919 Speaker 1: It's members for scholarships. But it's not like that takes 26 00:01:12,920 --> 00:01:15,240 Speaker 1: a spot away from somebody else. They can take somebody 27 00:01:15,240 --> 00:01:17,360 Speaker 1: else in the university. They don't have to cut a 28 00:01:17,520 --> 00:01:20,200 Speaker 1: check to the player for that amount. They just let 29 00:01:20,200 --> 00:01:25,320 Speaker 1: them attend without charge. So if you're looking at conference 30 00:01:25,319 --> 00:01:30,520 Speaker 1: commissioners and coaches and wait, weight coaches being paid five thousand, 31 00:01:30,600 --> 00:01:34,360 Speaker 1: millions and millions, it's getting harder and harder, let's say, 32 00:01:34,400 --> 00:01:36,880 Speaker 1: for the n c a A to say players don't 33 00:01:36,920 --> 00:01:38,880 Speaker 1: deserve at least to cut And important to note that 34 00:01:38,920 --> 00:01:41,640 Speaker 1: this doesn't even include any football money. You know, the 35 00:01:41,720 --> 00:01:44,640 Speaker 1: n c A does not own the college football that 36 00:01:44,880 --> 00:01:47,520 Speaker 1: so so all the all the money that the conferences 37 00:01:47,560 --> 00:01:50,160 Speaker 1: are swimming in deals from Fox and from ESPN to 38 00:01:50,240 --> 00:01:53,560 Speaker 1: air their football games, to air the college Football Playoff, etcetera, 39 00:01:53,640 --> 00:01:55,440 Speaker 1: that isn't even counted in this. So there is a 40 00:01:55,480 --> 00:01:58,320 Speaker 1: lot of money swirling around here. The operating profit for 41 00:01:58,360 --> 00:02:01,200 Speaker 1: the n c A last year over a hundred million dollars, 42 00:02:01,680 --> 00:02:04,080 Speaker 1: so they are in the green as well. Speaking of 43 00:02:04,120 --> 00:02:06,600 Speaker 1: the n C double A, my fun story of the 44 00:02:06,680 --> 00:02:10,639 Speaker 1: week and my retirement plan. All you need to do 45 00:02:11,280 --> 00:02:14,639 Speaker 1: if you are a Warren Buffet employee at Berkshire Hathaway 46 00:02:14,919 --> 00:02:18,520 Speaker 1: is just pick the sweet sixteen in the bracket and 47 00:02:18,600 --> 00:02:21,680 Speaker 1: you can get a million dollars a year for life. 48 00:02:21,760 --> 00:02:24,799 Speaker 1: It's just that easy. Let's pick all sixteen. Pick all 49 00:02:24,880 --> 00:02:26,959 Speaker 1: sixteen because it used to be Warre and picked the 50 00:02:27,040 --> 00:02:29,680 Speaker 1: champion or the perfect bracket. Right, it was a perfect bracket, 51 00:02:30,120 --> 00:02:32,720 Speaker 1: which you have much better odds of actually winning the 52 00:02:32,760 --> 00:02:34,959 Speaker 1: Mega millions or the lotto. I mean, this guy's in 53 00:02:35,000 --> 00:02:38,040 Speaker 1: the insurance business. He he knows that nobody's going to 54 00:02:38,080 --> 00:02:41,280 Speaker 1: do this. Let's talk now about the Ultimate Fighting TV 55 00:02:41,520 --> 00:02:45,040 Speaker 1: rights and I guess they are begging in a test 56 00:02:45,160 --> 00:02:49,480 Speaker 1: for a super agent. Well, Aria Manuel at William Morris 57 00:02:49,600 --> 00:02:53,080 Speaker 1: Endeavor and I am g he bought UFC for four 58 00:02:53,200 --> 00:02:57,360 Speaker 1: points something billion dollars not long ago, banking on the 59 00:02:57,400 --> 00:03:00,880 Speaker 1: fact that he could flip these media right, it's knowing 60 00:03:00,880 --> 00:03:03,200 Speaker 1: that they were coming up pretty soon. Now Fox is 61 00:03:03,200 --> 00:03:06,200 Speaker 1: the incumbent, and there offers about what eman, where are 62 00:03:06,240 --> 00:03:09,919 Speaker 1: we two hundred million dollars a year. Yeah, I believe 63 00:03:10,280 --> 00:03:15,040 Speaker 1: the the perspective amount was four hundred million. That's a 64 00:03:15,040 --> 00:03:17,960 Speaker 1: pretty big gap bar So we're going to get a 65 00:03:18,040 --> 00:03:22,400 Speaker 1: nice litmus test right here, not only the value of UFC, 66 00:03:23,160 --> 00:03:26,680 Speaker 1: because is there another ecnom McGregor, is there a Rhonda Rousey? 67 00:03:26,720 --> 00:03:30,240 Speaker 1: Where are the stars? But in general what are people 68 00:03:30,280 --> 00:03:34,680 Speaker 1: willing to pay for these live events and sports content? 69 00:03:35,040 --> 00:03:38,280 Speaker 1: What's it worth? Also, according to Sporting News, Fox is 70 00:03:38,400 --> 00:03:41,000 Speaker 1: very interested in w w E, which is obviously not 71 00:03:41,040 --> 00:03:44,640 Speaker 1: the same exact kind of sport as UFC. But as 72 00:03:44,840 --> 00:03:47,480 Speaker 1: UFC looks to Fox as kind of the most likely 73 00:03:47,560 --> 00:03:50,680 Speaker 1: landing spot for UFC, Fox is clearly looking at other 74 00:03:50,760 --> 00:03:53,160 Speaker 1: properties that they're willing to open the bank on as well. 75 00:03:53,240 --> 00:03:56,120 Speaker 1: But one problem is that, from what I'm understanding, at 76 00:03:56,160 --> 00:03:59,240 Speaker 1: least for UFC, no one has really stepped up yet 77 00:03:59,400 --> 00:04:01,000 Speaker 1: to pay for the rights of what is it they want? 78 00:04:01,000 --> 00:04:03,920 Speaker 1: Follion dollars a year? Well, yeah, that's that's the problem. 79 00:04:03,960 --> 00:04:05,800 Speaker 1: We're going to see how of course, more bidders are 80 00:04:05,920 --> 00:04:09,160 Speaker 1: very basic math here. More bidders means more money. How 81 00:04:09,200 --> 00:04:12,600 Speaker 1: many people are interested in at what price? Ken Ariam 82 00:04:12,680 --> 00:04:17,000 Speaker 1: Manuel spend his magic and pull some kind of massive 83 00:04:17,080 --> 00:04:20,000 Speaker 1: number out of a hat. Next subject to talk about, 84 00:04:20,040 --> 00:04:24,200 Speaker 1: Peyton Manning is parting ways with Papa John's. Oh, that's 85 00:04:24,200 --> 00:04:26,360 Speaker 1: a hard break say. It ain't so. I think I 86 00:04:26,360 --> 00:04:28,680 Speaker 1: think he's staying on as as a spokesman. He's parting 87 00:04:28,680 --> 00:04:31,000 Speaker 1: ways from the business relationship he had. I think they 88 00:04:31,360 --> 00:04:35,440 Speaker 1: co owned thirty one franchises that they that they've sold. 89 00:04:35,720 --> 00:04:39,920 Speaker 1: Conveniently comes right in the same week or two as 90 00:04:39,920 --> 00:04:43,279 Speaker 1: the NFL and Papa John's kind of severed their national 91 00:04:43,560 --> 00:04:48,160 Speaker 1: sponsorship relationship. Uh. Interesting timing here, as Peyton Manning also 92 00:04:48,520 --> 00:04:53,080 Speaker 1: is negotiating with with the networks to get a hefty, 93 00:04:53,200 --> 00:04:57,440 Speaker 1: hefty check to to do some announcing on Sundays or 94 00:04:57,480 --> 00:05:00,280 Speaker 1: Thursday night, one of one of the night footballs. They're 95 00:05:00,279 --> 00:05:03,320 Speaker 1: willing to pay Peyton ten million. He is still like 96 00:05:03,360 --> 00:05:05,159 Speaker 1: one of the faces of the NFL, even though he 97 00:05:05,160 --> 00:05:07,760 Speaker 1: doesn't play anymore. The question is do you believe in 98 00:05:07,800 --> 00:05:11,840 Speaker 1: that interesting timing? Evan, did he know that this, this 99 00:05:11,960 --> 00:05:15,359 Speaker 1: relationship between Papa John's and the NFL was going to 100 00:05:15,440 --> 00:05:18,560 Speaker 1: cease to exist? Nobody said anything to Baton Man. I 101 00:05:18,560 --> 00:05:20,839 Speaker 1: believe Papa john has said that this is just totally 102 00:05:20,880 --> 00:05:23,599 Speaker 1: coincidental that that the two things are totally unrelated. Those 103 00:05:23,640 --> 00:05:27,400 Speaker 1: talks had started long before the NFL and Papa John's 104 00:05:27,400 --> 00:05:31,440 Speaker 1: had decided, And it doesn't take a future seed to 105 00:05:31,800 --> 00:05:34,080 Speaker 1: see that the relationship between the n c A and 106 00:05:34,120 --> 00:05:37,080 Speaker 1: Papa John's was strained months and months and months ago 107 00:05:37,240 --> 00:05:41,160 Speaker 1: when when we or the NFL, sorry months strained that too, 108 00:05:42,160 --> 00:05:45,800 Speaker 1: when when Papa John blamed Roger Goodell's handling of the 109 00:05:45,960 --> 00:05:49,320 Speaker 1: of the of the Kneeling crisis on his declining sales. 110 00:05:49,839 --> 00:05:52,400 Speaker 1: So Peyton Manning could have read THEE on the wall. 111 00:05:53,440 --> 00:05:58,839 Speaker 1: Oh you didn't see that coming. No, I didn't, Evan, 112 00:05:58,880 --> 00:06:02,559 Speaker 1: when he leaves, that's that's not your Maine. Well, thank 113 00:06:02,640 --> 00:06:06,160 Speaker 1: you again for all of the banter. And by the way, 114 00:06:06,160 --> 00:06:09,600 Speaker 1: Scott and Evan, you guys are going to talk with 115 00:06:09,600 --> 00:06:12,640 Speaker 1: with the l A Clippers President of business Operations, Gillian Zucker. 116 00:06:12,680 --> 00:06:15,400 Speaker 1: You're don right, Michael capable hands here, Evan and I 117 00:06:15,680 --> 00:06:19,360 Speaker 1: and joining us is Gillian Zucker. The President of business 118 00:06:19,360 --> 00:06:22,640 Speaker 1: Operations for the l A Clippers. Comes from a motorsports background, 119 00:06:22,640 --> 00:06:25,000 Speaker 1: but from a couple of years ago. She joined the 120 00:06:25,000 --> 00:06:28,400 Speaker 1: Clippers on behalf of Steve Bomber, the owner of the team, Gillian, 121 00:06:28,400 --> 00:06:31,000 Speaker 1: thank you very much for joining us. It's my pleasure. 122 00:06:31,279 --> 00:06:36,080 Speaker 1: So let's start with your new agreement with Bumble. I 123 00:06:36,200 --> 00:06:40,000 Speaker 1: had spoken with Bumble founder Whitney wolf Heard, and she said, 124 00:06:40,040 --> 00:06:44,200 Speaker 1: without you, this doesn't get done. Walk me through, if 125 00:06:44,200 --> 00:06:48,120 Speaker 1: you would, the process of the Clippers settling on a 126 00:06:48,120 --> 00:06:52,080 Speaker 1: deal with Bumble. Well, it definitely had to do with 127 00:06:52,240 --> 00:06:54,800 Speaker 1: more than just me. But I think you know, they 128 00:06:54,839 --> 00:06:57,480 Speaker 1: have an incredible brand and what they've done there is 129 00:06:57,839 --> 00:07:01,120 Speaker 1: really carve out a niche for themselves in women making 130 00:07:01,120 --> 00:07:03,400 Speaker 1: the first move and all of their connections, whether it 131 00:07:03,480 --> 00:07:07,840 Speaker 1: be dating or business connections or just making friends. And 132 00:07:08,240 --> 00:07:10,680 Speaker 1: so while they were attracted to the power of the 133 00:07:10,800 --> 00:07:13,600 Speaker 1: NBA and everything that the NBA brings to the table 134 00:07:13,760 --> 00:07:18,160 Speaker 1: in terms of its diversity and inclusion, specifically gender diversity, 135 00:07:18,200 --> 00:07:19,960 Speaker 1: I think they were looking for a team that really 136 00:07:20,000 --> 00:07:23,560 Speaker 1: represented that, and uh it certainly helped that at the Clippers. 137 00:07:23,760 --> 00:07:27,160 Speaker 1: Uh that I'm here in this role, but I'm also 138 00:07:27,240 --> 00:07:29,400 Speaker 1: joined by more than forty women who worked for the 139 00:07:29,480 --> 00:07:32,560 Speaker 1: organization and in a lot of very key roles. And 140 00:07:32,600 --> 00:07:34,600 Speaker 1: it's about more than just as she said, it's this 141 00:07:34,680 --> 00:07:37,920 Speaker 1: is not just an advertisement. She wants this to be 142 00:07:38,280 --> 00:07:41,000 Speaker 1: sort of a movement. She wants this to be whether 143 00:07:41,040 --> 00:07:44,600 Speaker 1: it's youth empowerment, uh some some sort of panels. She 144 00:07:44,640 --> 00:07:48,520 Speaker 1: wants more than just a commercial for her company. Yes, 145 00:07:48,600 --> 00:07:51,120 Speaker 1: it was very clear that there needed to be action 146 00:07:51,400 --> 00:07:55,480 Speaker 1: behind what we were doing. And um, while we you know, 147 00:07:55,520 --> 00:07:58,800 Speaker 1: strategically positioned this as is not a patch on a jersey, 148 00:07:58,840 --> 00:08:02,120 Speaker 1: but a badge of empower meant that's there to remind 149 00:08:02,280 --> 00:08:07,440 Speaker 1: people that diversity, and specifically gender diversity makes us stronger, 150 00:08:07,440 --> 00:08:11,160 Speaker 1: It makes organizations stronger, it makes life richer. And we 151 00:08:11,240 --> 00:08:13,720 Speaker 1: have a lot of activations that will occur over the 152 00:08:13,760 --> 00:08:15,840 Speaker 1: course of the next three years that are going to 153 00:08:15,920 --> 00:08:18,520 Speaker 1: bring that to life on Wall Street. It's it's pretty 154 00:08:18,560 --> 00:08:22,200 Speaker 1: much proven that female investors do better. However, if you're 155 00:08:22,200 --> 00:08:26,120 Speaker 1: out there in VC worlds, so few females actually get 156 00:08:26,160 --> 00:08:28,760 Speaker 1: the money that are out there trying to raise for 157 00:08:28,800 --> 00:08:34,120 Speaker 1: their ideas, why are we still here? I think we 158 00:08:34,160 --> 00:08:37,240 Speaker 1: are making progress. Um. I've been involved over the course 159 00:08:37,280 --> 00:08:40,280 Speaker 1: of the past few years with twenty women on boards 160 00:08:40,280 --> 00:08:45,080 Speaker 1: with this goal of having board representation by females on 161 00:08:45,120 --> 00:08:48,880 Speaker 1: boards by the year And I think that once you 162 00:08:48,920 --> 00:08:52,200 Speaker 1: are in a position where as a woman you have 163 00:08:52,360 --> 00:08:55,840 Speaker 1: the ability to be able to impact decision making and 164 00:08:55,880 --> 00:08:58,679 Speaker 1: bringing other people on boards that you just you tend 165 00:08:58,679 --> 00:09:01,920 Speaker 1: to have different icles in different networking circles and different 166 00:09:01,920 --> 00:09:04,760 Speaker 1: connections that enable you to find people who are usually 167 00:09:04,840 --> 00:09:09,560 Speaker 1: qualified to be able to diversify these roles and these opportunities. Gillian, 168 00:09:09,600 --> 00:09:10,920 Speaker 1: we don't have the numbers in front of us, but 169 00:09:10,920 --> 00:09:13,000 Speaker 1: I'm pretty comfortable saying that the Clippers are one of 170 00:09:13,000 --> 00:09:15,600 Speaker 1: the best, if not the best, in terms of hiring 171 00:09:15,600 --> 00:09:19,040 Speaker 1: women into into management and leadership positions. Is there a 172 00:09:19,160 --> 00:09:21,800 Speaker 1: business advantage to that? I mean, there are studies that 173 00:09:21,880 --> 00:09:24,080 Speaker 1: say that consumers are willing to pay more for a 174 00:09:24,080 --> 00:09:26,400 Speaker 1: company that does better in the gender pay gap or 175 00:09:26,760 --> 00:09:29,960 Speaker 1: from an environmental standpoint. Do you find that that that 176 00:09:30,040 --> 00:09:34,160 Speaker 1: in your conversations that potential sponsors or partners are taking 177 00:09:34,160 --> 00:09:38,400 Speaker 1: note of that and maybe coming to you over other organizations. Well, 178 00:09:38,440 --> 00:09:41,400 Speaker 1: I think it was certainly attractive to Bumble, But um, 179 00:09:41,440 --> 00:09:43,880 Speaker 1: I think that if you if you look the statistics 180 00:09:44,080 --> 00:09:47,600 Speaker 1: that companies that have diverse leaderships, they perform that are 181 00:09:47,640 --> 00:09:50,720 Speaker 1: across the board. It's a proven fact. So it's not 182 00:09:50,840 --> 00:09:54,040 Speaker 1: about being attracted to a company that takes the stand 183 00:09:54,040 --> 00:09:56,480 Speaker 1: and says, we're going to have a diverse landscape and 184 00:09:56,520 --> 00:09:59,280 Speaker 1: our leadership team. It's really about the results at the 185 00:09:59,320 --> 00:10:01,199 Speaker 1: end of the day. That's what everybody wants. They want 186 00:10:01,240 --> 00:10:03,400 Speaker 1: relationships that are going to help grow their business and 187 00:10:03,400 --> 00:10:05,400 Speaker 1: move it forward. And I think that's what makes the 188 00:10:05,400 --> 00:10:10,520 Speaker 1: Clippers attractive. Richard Lapchick a professor in Central Florida. Assume 189 00:10:10,559 --> 00:10:13,600 Speaker 1: you know he does these reviews of every league every year. 190 00:10:13,800 --> 00:10:16,480 Speaker 1: It's a gender report card. The NBA has a B 191 00:10:16,760 --> 00:10:19,640 Speaker 1: in terms of gender hiring. It's the best of the 192 00:10:19,679 --> 00:10:22,400 Speaker 1: major leagues. The NFL, Major League Baseball, and MLS are 193 00:10:22,440 --> 00:10:25,599 Speaker 1: all in the C range. Uh. Do you think the 194 00:10:25,720 --> 00:10:28,000 Speaker 1: NBA can do better? What can the NBA do as 195 00:10:28,000 --> 00:10:30,120 Speaker 1: a whole as a league to get that up to 196 00:10:30,200 --> 00:10:33,880 Speaker 1: an A? Well, of course, I mean until until there's 197 00:10:33,880 --> 00:10:37,400 Speaker 1: an A, I think that the NBA will continue to 198 00:10:37,640 --> 00:10:40,320 Speaker 1: work harder in that space. I mean, the league has 199 00:10:40,360 --> 00:10:43,640 Speaker 1: proven they want to be front runners in every category 200 00:10:43,679 --> 00:10:47,360 Speaker 1: that exists, and certainly that's something that Steve Bomber here 201 00:10:47,360 --> 00:10:49,320 Speaker 1: at the Clippers embraces as well as all of our 202 00:10:49,360 --> 00:10:51,640 Speaker 1: team here. Um. But I think a lot of it 203 00:10:51,720 --> 00:10:55,080 Speaker 1: just has to do with uh, you know, attracting the 204 00:10:55,120 --> 00:10:57,840 Speaker 1: talent to the league itself, and by having so many 205 00:10:57,920 --> 00:11:01,920 Speaker 1: females in high ranking positions, it lets other women see 206 00:11:01,960 --> 00:11:05,480 Speaker 1: that those opportunities exist, but they're available and it's something 207 00:11:05,559 --> 00:11:07,240 Speaker 1: that you know they may want to go for. And 208 00:11:07,280 --> 00:11:08,880 Speaker 1: how much of that do you think is a product 209 00:11:08,920 --> 00:11:12,200 Speaker 1: of good leadership Adam at the central Office, et cetera. 210 00:11:12,559 --> 00:11:15,439 Speaker 1: And how much of it is a fact that basketball 211 00:11:15,559 --> 00:11:18,920 Speaker 1: is is of the major sports one that women play 212 00:11:19,240 --> 00:11:22,720 Speaker 1: certainly the most at the youth and at a professional level. 213 00:11:23,120 --> 00:11:25,000 Speaker 1: That you're not going to have too many women in 214 00:11:25,160 --> 00:11:28,240 Speaker 1: NFL positions that played tackle football, but but in terms 215 00:11:28,280 --> 00:11:30,600 Speaker 1: of basketball, you can have a lot of people that 216 00:11:30,640 --> 00:11:34,119 Speaker 1: went all the way through the rankings, high school, college, professional, 217 00:11:34,679 --> 00:11:39,840 Speaker 1: within basketball itself. I think it helps um that there 218 00:11:39,880 --> 00:11:42,640 Speaker 1: are women who play basketball and are deeply entrenched in 219 00:11:42,679 --> 00:11:46,600 Speaker 1: the sport. But it's not a requirement. I didn't play basketball, um, 220 00:11:46,679 --> 00:11:49,840 Speaker 1: so I don't know that that's something that necessarily is 221 00:11:49,880 --> 00:11:53,160 Speaker 1: the criteria. It does take leadership like Adam Silvers to 222 00:11:53,200 --> 00:11:54,920 Speaker 1: be able to say this is important and this is 223 00:11:54,960 --> 00:11:57,360 Speaker 1: something we're going to focus on. Alright, We're chatting with 224 00:11:57,360 --> 00:12:00,800 Speaker 1: Gillian Zucker, the president of Business operations for l A Clippers. 225 00:12:01,120 --> 00:12:04,720 Speaker 1: Let me switch to those Clippers, Gillian, where do you 226 00:12:04,800 --> 00:12:08,360 Speaker 1: fit in in the l A sports scene? The Dodgers 227 00:12:08,360 --> 00:12:12,360 Speaker 1: are resurgent, you have two NFL teams after a long 228 00:12:12,520 --> 00:12:17,199 Speaker 1: blackout of NFL football. Where do the Clippers slot in 229 00:12:17,200 --> 00:12:20,200 Speaker 1: in terms of interest demand, all those things that you're 230 00:12:20,240 --> 00:12:26,760 Speaker 1: responsible for drumming up? I think we're the unpredictable force. 231 00:12:27,000 --> 00:12:29,360 Speaker 1: You know, everybody is sort of watching. We have this 232 00:12:29,760 --> 00:12:34,000 Speaker 1: incredibly dynamic owner who's doing unbelievable things in the community. 233 00:12:34,400 --> 00:12:39,040 Speaker 1: We have an environment in our arena that's spectacularly entertaining 234 00:12:39,200 --> 00:12:44,560 Speaker 1: for everyone. Uh, and we offer something that I think 235 00:12:44,679 --> 00:12:47,760 Speaker 1: is in a lot of ways different and dynamic um 236 00:12:47,800 --> 00:12:51,680 Speaker 1: at the same time being fiercely, fiercely committed to the 237 00:12:51,760 --> 00:12:55,480 Speaker 1: competition on the court and winning and not just winning 238 00:12:55,480 --> 00:12:58,000 Speaker 1: one championship. But you know, our goal is is to 239 00:12:58,120 --> 00:13:01,040 Speaker 1: create a dynasty for the Clippers in Los Angeles. And 240 00:13:01,080 --> 00:13:04,040 Speaker 1: I think that that kind of dedication and focus on 241 00:13:04,360 --> 00:13:07,880 Speaker 1: taking this team and and seeing the outcomes that we 242 00:13:07,960 --> 00:13:11,199 Speaker 1: know are possible is something that fans are really embracing 243 00:13:11,280 --> 00:13:15,319 Speaker 1: and they're enjoying being a part of and seeing this 244 00:13:15,520 --> 00:13:18,560 Speaker 1: meteorical growth as this transpiring right in front of them. 245 00:13:18,600 --> 00:13:21,559 Speaker 1: I thought there was a real opportunity there for the Clippers. 246 00:13:22,120 --> 00:13:25,400 Speaker 1: Lakers were down, there was this lob city, cool young, 247 00:13:25,840 --> 00:13:29,800 Speaker 1: But Chris Paul's not there anymore, like Griffin's not there anymore. 248 00:13:30,240 --> 00:13:33,719 Speaker 1: What are the discussions between basketball and business? Are Are 249 00:13:33,760 --> 00:13:37,880 Speaker 1: you at all involved when the most marketable assets you have, 250 00:13:38,120 --> 00:13:43,240 Speaker 1: your best players, might be going elsewhere. Uh? You know, 251 00:13:44,040 --> 00:13:46,960 Speaker 1: the basketball side and Steve are going to make the 252 00:13:47,080 --> 00:13:49,439 Speaker 1: decisions that they believe are in the best interests of 253 00:13:49,520 --> 00:13:51,880 Speaker 1: a long term success of the team. And my job, 254 00:13:51,920 --> 00:13:55,880 Speaker 1: regardless is to push out there a great product that 255 00:13:56,000 --> 00:13:58,920 Speaker 1: fans will enjoy. And you know, it's funny people talk 256 00:13:58,960 --> 00:14:01,640 Speaker 1: about that storyline. Steve often says that as an owner, 257 00:14:01,679 --> 00:14:03,880 Speaker 1: he was born on third base with the talent that 258 00:14:03,960 --> 00:14:07,719 Speaker 1: he inherited with the that incredible big three, and it 259 00:14:07,800 --> 00:14:10,960 Speaker 1: was an opportunity at the same time. Uh, you know 260 00:14:11,040 --> 00:14:15,079 Speaker 1: that sort of storybook. Really it looks easy, and Steve 261 00:14:15,160 --> 00:14:17,240 Speaker 1: has never been one to take the easy path. He 262 00:14:17,320 --> 00:14:19,600 Speaker 1: does hard things that he does them really well. And 263 00:14:20,440 --> 00:14:22,480 Speaker 1: I think that for where we are now, there's a 264 00:14:22,520 --> 00:14:26,560 Speaker 1: real excitement and an energy around what's coming next. Did 265 00:14:26,560 --> 00:14:29,120 Speaker 1: you notice a difference in the marketplace when when when 266 00:14:29,120 --> 00:14:32,480 Speaker 1: the two NFL teams came mL says it probably its 267 00:14:32,520 --> 00:14:35,760 Speaker 1: most expensive stadium opening up in the city. Uh this year, 268 00:14:36,720 --> 00:14:40,920 Speaker 1: USC is renovating. Obviously, there's a lot more competing for 269 00:14:41,400 --> 00:14:44,000 Speaker 1: ticket money, for for sponsorship dollars, et cetera in the 270 00:14:44,040 --> 00:14:45,920 Speaker 1: city than there was even two or three years ago. 271 00:14:48,280 --> 00:14:51,640 Speaker 1: Los Angeles has always been crowded and complicated in terms 272 00:14:51,640 --> 00:14:53,840 Speaker 1: of how much competition there is. And it's not just 273 00:14:53,960 --> 00:14:58,400 Speaker 1: sports teams. It's it's movies, it's theater, it's the beach, 274 00:14:58,640 --> 00:15:01,880 Speaker 1: it's the sunshine, it's so many things, um and the 275 00:15:02,000 --> 00:15:04,760 Speaker 1: and the city is changing dramatically. I mean, there's this 276 00:15:04,880 --> 00:15:07,960 Speaker 1: really vibrant food scene. There's a really vibrant arts scene 277 00:15:08,000 --> 00:15:10,480 Speaker 1: that didn't exist just a few years ago. So there 278 00:15:10,640 --> 00:15:13,800 Speaker 1: is a ton of competition, not just for the entertainment dollar, 279 00:15:13,840 --> 00:15:17,360 Speaker 1: but for people's time. And so, you know, our challenge 280 00:15:17,440 --> 00:15:19,560 Speaker 1: is to make sure that when they have all of 281 00:15:19,600 --> 00:15:22,480 Speaker 1: those choices, that they still choose us, and we feel 282 00:15:22,480 --> 00:15:25,280 Speaker 1: that we're in a good spot to compete. The local 283 00:15:25,320 --> 00:15:28,480 Speaker 1: television ratings would tell me that interest in the Clippers 284 00:15:28,600 --> 00:15:32,480 Speaker 1: is waning. What metrics do you have that show me 285 00:15:32,880 --> 00:15:36,480 Speaker 1: that that's not the case. Well, I think you can 286 00:15:36,480 --> 00:15:38,520 Speaker 1: experience it if you just come into the arena and 287 00:15:38,560 --> 00:15:40,880 Speaker 1: you see the energy that exists there. I mean, certainly 288 00:15:40,920 --> 00:15:43,320 Speaker 1: that's a big piece of it. And in terms of 289 00:15:43,360 --> 00:15:46,280 Speaker 1: our expanding fan base, the number of people who touched 290 00:15:46,320 --> 00:15:48,840 Speaker 1: the team I go through our social or digital channels, 291 00:15:49,160 --> 00:15:51,960 Speaker 1: or who have interaction with us in some way through 292 00:15:52,000 --> 00:15:54,360 Speaker 1: our Junior Clippers programs or one of our many other 293 00:15:54,360 --> 00:15:57,600 Speaker 1: programs that we have in the community. So while television 294 00:15:57,640 --> 00:16:00,000 Speaker 1: ratings are certainly important and there's something that we would 295 00:16:00,040 --> 00:16:02,360 Speaker 1: do want to continue to work on, you know, that's 296 00:16:02,400 --> 00:16:04,800 Speaker 1: not the end all be all anymore to where people 297 00:16:04,960 --> 00:16:07,120 Speaker 1: are invested in what they care about. That's not the 298 00:16:07,160 --> 00:16:09,920 Speaker 1: only measurement that exists. How do you measure that? There's 299 00:16:09,920 --> 00:16:12,760 Speaker 1: that I guess NBC came out with its total audience measurement. 300 00:16:12,760 --> 00:16:14,360 Speaker 1: They want to look at digital, they want to look 301 00:16:14,360 --> 00:16:18,640 Speaker 1: at social. How do you figure out who your fans are, 302 00:16:19,360 --> 00:16:22,280 Speaker 1: where they come from, how they get there? How do 303 00:16:22,320 --> 00:16:25,240 Speaker 1: you figure all that out? You know, a lot of 304 00:16:25,240 --> 00:16:28,840 Speaker 1: it now falls down to brand studies and social listening 305 00:16:28,840 --> 00:16:31,520 Speaker 1: tools where you can really find out what people are 306 00:16:31,560 --> 00:16:34,280 Speaker 1: saying from both a positive and a negative way, How 307 00:16:34,320 --> 00:16:36,960 Speaker 1: people feel about your brand, how they're interacting with it, 308 00:16:37,000 --> 00:16:40,720 Speaker 1: what they wish they would you would do where hope exists, 309 00:16:41,160 --> 00:16:44,480 Speaker 1: and you know, finding that has been something that we're 310 00:16:44,480 --> 00:16:46,600 Speaker 1: spending a lot of time on. We have a lot 311 00:16:46,640 --> 00:16:50,960 Speaker 1: of partners that are out there, from agencies to advisors 312 00:16:50,960 --> 00:16:53,080 Speaker 1: that we've been working with that are helping us really 313 00:16:53,120 --> 00:16:56,440 Speaker 1: to track down and understand exactly how people are feeling 314 00:16:56,600 --> 00:16:59,280 Speaker 1: about this team at this moment in time, and that 315 00:16:59,360 --> 00:17:01,440 Speaker 1: will change. It will be different six months from now 316 00:17:01,480 --> 00:17:03,360 Speaker 1: than it is today. Can you give us an example 317 00:17:03,400 --> 00:17:06,040 Speaker 1: of something you learned about about the Clippers fan base 318 00:17:06,720 --> 00:17:08,280 Speaker 1: across the country or in l a that that you 319 00:17:08,320 --> 00:17:11,480 Speaker 1: didn't realize until you dove into the data and the 320 00:17:11,480 --> 00:17:14,080 Speaker 1: social media. Um, yeah, you know. I mean, one of 321 00:17:14,119 --> 00:17:16,119 Speaker 1: the words that just keeps coming up again and again 322 00:17:16,240 --> 00:17:19,359 Speaker 1: is that the Clippers are audacious. And that's not a 323 00:17:19,400 --> 00:17:22,400 Speaker 1: word that I would have chosen to necessarily describe the team, 324 00:17:22,400 --> 00:17:25,800 Speaker 1: but it's something that they are really liking. It's this 325 00:17:26,000 --> 00:17:28,880 Speaker 1: idea of this team that just has this resilience that 326 00:17:28,880 --> 00:17:32,880 Speaker 1: that really is quite remarkable and given all the challenges 327 00:17:32,920 --> 00:17:35,360 Speaker 1: that we've had this here with injuries, they just keep 328 00:17:35,400 --> 00:17:38,680 Speaker 1: coming back and playing hard. And it's really about this 329 00:17:38,800 --> 00:17:42,480 Speaker 1: team spirit and working together with this high intensity and 330 00:17:42,560 --> 00:17:45,399 Speaker 1: having fun doing it um And that's the spirit I 331 00:17:45,440 --> 00:17:47,639 Speaker 1: think that people enjoy and can embrace it. So are 332 00:17:47,680 --> 00:17:49,520 Speaker 1: we going to see audacious on some T shirts at 333 00:17:49,520 --> 00:17:53,000 Speaker 1: some point soon? Probably not. I think you don't want 334 00:17:53,000 --> 00:17:56,320 Speaker 1: to be that direct, but it's pretty can't even spell audacious, 335 00:17:56,320 --> 00:18:02,480 Speaker 1: evan right exactly. One of the other words that came 336 00:18:02,520 --> 00:18:04,240 Speaker 1: up is we're plucky. I'm not going to use that 337 00:18:04,280 --> 00:18:09,600 Speaker 1: one either. Plucky to me and it means upstart, underdog, 338 00:18:09,680 --> 00:18:12,040 Speaker 1: you're not, you're not, you're none of those things. But 339 00:18:15,960 --> 00:18:17,919 Speaker 1: to listen to if I can take it to a 340 00:18:17,920 --> 00:18:21,159 Speaker 1: macro level, where is the NBA in the pantheon of 341 00:18:21,160 --> 00:18:24,640 Speaker 1: global sport now at a time when we're looking at 342 00:18:25,080 --> 00:18:28,800 Speaker 1: scalable media because media is now the number one revenue 343 00:18:28,840 --> 00:18:32,240 Speaker 1: source and leagues passing ticketing and in arena But I'm 344 00:18:32,280 --> 00:18:35,600 Speaker 1: talking selling highlight clips, I'm talking being cool on Instagram 345 00:18:35,600 --> 00:18:39,440 Speaker 1: and hip reaching the future consumers that let's just say, 346 00:18:39,440 --> 00:18:42,000 Speaker 1: maybe ESPN is trying to get right now, it seems 347 00:18:42,000 --> 00:18:45,800 Speaker 1: the NBA has it figured out. They do the NBA 348 00:18:45,920 --> 00:18:49,879 Speaker 1: really has this space nail and the focus that they 349 00:18:49,880 --> 00:18:54,439 Speaker 1: have on innovation says that although we are doing this 350 00:18:54,640 --> 00:18:57,280 Speaker 1: very very well right now as a league, that's not 351 00:18:57,320 --> 00:19:00,359 Speaker 1: good enough. We're going to continue to challenge ourselves to 352 00:19:00,600 --> 00:19:03,760 Speaker 1: remain in this space. Is from on Earth and it's exciting. 353 00:19:03,800 --> 00:19:06,359 Speaker 1: You know the way that the digital landscape is changing 354 00:19:06,480 --> 00:19:09,439 Speaker 1: so rapidly. You have to constantly be thinking about what's next. 355 00:19:09,680 --> 00:19:12,359 Speaker 1: And I think that's what this league is great at well, 356 00:19:12,359 --> 00:19:14,280 Speaker 1: speaking of what's next. When we look at an individual 357 00:19:14,400 --> 00:19:16,080 Speaker 1: players sort of view and you're ready for this, Like 358 00:19:16,080 --> 00:19:18,159 Speaker 1: we had trouble with the audacious spelling, but I'm going 359 00:19:18,200 --> 00:19:21,320 Speaker 1: to say this, johnas Ante, the cumpo, I mean, how 360 00:19:21,400 --> 00:19:25,119 Speaker 1: important to have Yeah? I was how important is it 361 00:19:25,160 --> 00:19:28,960 Speaker 1: to have stars? This was and has been built upon 362 00:19:29,040 --> 00:19:33,400 Speaker 1: as a star driven league. Is it enough to be good, 363 00:19:33,880 --> 00:19:36,680 Speaker 1: you know, a good team without that breakout star, that 364 00:19:36,760 --> 00:19:39,119 Speaker 1: one guy who sells the jerseys, who has the sizzle? 365 00:19:39,960 --> 00:19:42,879 Speaker 1: Is that okay? In the NBA? I think this is 366 00:19:43,080 --> 00:19:45,920 Speaker 1: a star driven league. Uh, And I know this is 367 00:19:45,960 --> 00:19:50,280 Speaker 1: a star driven town. So that's something that is absolutely 368 00:19:50,480 --> 00:19:54,280 Speaker 1: critically important. Um, what we don't know is who's that 369 00:19:54,400 --> 00:19:57,240 Speaker 1: next star? And that's what everybody is always looking at 370 00:19:57,280 --> 00:20:01,040 Speaker 1: and excited about. It's not necessarily all the stars that 371 00:20:01,080 --> 00:20:04,480 Speaker 1: exist today because you know, if you go back fifteen years, 372 00:20:04,560 --> 00:20:07,520 Speaker 1: Lebron was a Lebron. So you know, I think that 373 00:20:07,560 --> 00:20:10,320 Speaker 1: there's a real opportunity for us, given where we are, 374 00:20:11,040 --> 00:20:13,640 Speaker 1: how much cap space we have where we are with 375 00:20:13,880 --> 00:20:16,639 Speaker 1: you free agency and room, to be able to attract 376 00:20:16,720 --> 00:20:20,960 Speaker 1: really strong players to a market that's fantastic, to a 377 00:20:21,040 --> 00:20:24,880 Speaker 1: leadership team and an ownership that's really strong. Uh, We're 378 00:20:25,040 --> 00:20:27,040 Speaker 1: really in a great spot to be able to compete 379 00:20:27,040 --> 00:20:30,440 Speaker 1: in the starter league. We had Richard Sherman, the football player, 380 00:20:30,480 --> 00:20:32,720 Speaker 1: on our podcast last week, UM and one of the 381 00:20:32,760 --> 00:20:35,880 Speaker 1: things he said was that he thinks the NFL can 382 00:20:35,960 --> 00:20:39,080 Speaker 1: learn a lot from the NBA in terms of the 383 00:20:39,119 --> 00:20:42,840 Speaker 1: way it markets its stars, the way it handles it's media, 384 00:20:43,000 --> 00:20:48,000 Speaker 1: the way it works on social etcetera. Obviously, no no 385 00:20:48,080 --> 00:20:50,160 Speaker 1: secret to the n NFL. Is the the the top 386 00:20:50,160 --> 00:20:54,080 Speaker 1: banana in terms of sports leagues in business across the country. 387 00:20:54,119 --> 00:20:56,160 Speaker 1: Is there an opportunity here for the NBA to maybe 388 00:20:56,160 --> 00:20:58,840 Speaker 1: clawn to some of that market share at a faster rate. 389 00:20:58,920 --> 00:21:04,760 Speaker 1: Given the poor NFL ratings and concerns over health, etcetera. Well, 390 00:21:04,800 --> 00:21:07,200 Speaker 1: that's certainly the goal, but I think the best way 391 00:21:07,240 --> 00:21:10,040 Speaker 1: to get to that goal is to really recognize that 392 00:21:10,040 --> 00:21:12,040 Speaker 1: that we two have a lot to learn from the NFL, 393 00:21:12,240 --> 00:21:14,600 Speaker 1: and that they're the top dog for a reason. There's 394 00:21:14,640 --> 00:21:16,239 Speaker 1: a lot of things that they're doing that they do 395 00:21:16,359 --> 00:21:19,959 Speaker 1: extremely well. And when you acknowledge those things and know 396 00:21:20,160 --> 00:21:22,800 Speaker 1: that you've got a unique opportunity to be able to 397 00:21:23,160 --> 00:21:26,119 Speaker 1: learn from those things and and maybe bring some of 398 00:21:26,440 --> 00:21:28,800 Speaker 1: the things that are successful in the NFL into our 399 00:21:28,880 --> 00:21:31,879 Speaker 1: league and as well as in baseball or Major League 400 00:21:31,920 --> 00:21:34,679 Speaker 1: Soccer or NASCAR or any of the other sports for 401 00:21:34,720 --> 00:21:37,600 Speaker 1: that matter. You know that that is I think where 402 00:21:37,640 --> 00:21:40,600 Speaker 1: the NBA really has its strengths is this idea that 403 00:21:41,160 --> 00:21:43,760 Speaker 1: we strive every day to be better and we're going 404 00:21:43,800 --> 00:21:46,119 Speaker 1: to learn from everyone around us. Well, you came from 405 00:21:46,160 --> 00:21:48,639 Speaker 1: the auto racing world, you came from NASCAR. How does 406 00:21:48,640 --> 00:21:50,960 Speaker 1: that prepare you for a jump to basketball? I think 407 00:21:51,119 --> 00:21:54,920 Speaker 1: very well. You know, the the extraordinary thing about NASCAR 408 00:21:55,240 --> 00:21:58,360 Speaker 1: is just how big those events are. It's really like 409 00:21:58,560 --> 00:22:02,399 Speaker 1: running a small city. And when you have that experience 410 00:22:03,000 --> 00:22:07,199 Speaker 1: of the operational experience of everything that goes into putting 411 00:22:07,200 --> 00:22:09,960 Speaker 1: on one of these major race weekends. It gives you 412 00:22:10,240 --> 00:22:14,680 Speaker 1: a lot of depths and breath of of experience that 413 00:22:14,760 --> 00:22:17,719 Speaker 1: you wouldn't get anywhere else. And certainly I don't have 414 00:22:17,760 --> 00:22:21,679 Speaker 1: that opportunity here with the Clippers, where you know, a 415 00:22:21,800 --> 00:22:26,000 Speaker 1: e G. Runs the facility, So there's there are definitely 416 00:22:26,040 --> 00:22:29,160 Speaker 1: skill sets that I have that I'm not utilizing today. Um. 417 00:22:29,240 --> 00:22:32,640 Speaker 1: The other thing I think that NASCAR does extraordinarily well 418 00:22:32,880 --> 00:22:36,480 Speaker 1: is from a marketing standpoint and and bringing their athletes 419 00:22:36,560 --> 00:22:41,080 Speaker 1: into that marketing message where you see that these drivers 420 00:22:41,200 --> 00:22:43,880 Speaker 1: they came up selling their own sponsorships so that they 421 00:22:43,920 --> 00:22:46,760 Speaker 1: could race, uh you know, on their and their Friday 422 00:22:46,840 --> 00:22:50,120 Speaker 1: night series, and they understand the value in the importance 423 00:22:50,160 --> 00:22:53,320 Speaker 1: of that and as a result, they're very, very engaged 424 00:22:53,359 --> 00:22:55,800 Speaker 1: on the marketing side. So it creates a different kind 425 00:22:55,840 --> 00:22:58,280 Speaker 1: of spirit, um and it's one that I think is 426 00:22:58,320 --> 00:23:01,080 Speaker 1: really a model. We are chatting with Gillian Zucker, the 427 00:23:01,080 --> 00:23:03,520 Speaker 1: president of Business Operations of the l A. Clippers, And 428 00:23:03,600 --> 00:23:06,639 Speaker 1: since you brought up a e G. You are not 429 00:23:06,720 --> 00:23:11,360 Speaker 1: only a tenant at Staples, you are the third tenant 430 00:23:11,680 --> 00:23:14,600 Speaker 1: at Staples, and I've heard you are treated as such. 431 00:23:14,680 --> 00:23:18,119 Speaker 1: For those who do not understand what it means to 432 00:23:18,280 --> 00:23:22,119 Speaker 1: be a third tenant and the implications of that. Would 433 00:23:22,119 --> 00:23:25,359 Speaker 1: you please give us a glimpse into the I wish 434 00:23:25,359 --> 00:23:27,679 Speaker 1: we could do this. I'm hamstrong this way. I have 435 00:23:27,840 --> 00:23:30,199 Speaker 1: ideas I can't because i'm Can you give me a 436 00:23:30,200 --> 00:23:33,600 Speaker 1: little a little insight into the frustration and the reality 437 00:23:33,640 --> 00:23:37,160 Speaker 1: of being a third tenant? Yeah, I mean, in fairness 438 00:23:37,240 --> 00:23:41,080 Speaker 1: to a g it's it's a function of operations. So 439 00:23:41,200 --> 00:23:43,320 Speaker 1: I mean, we actually have a lease that says that 440 00:23:43,320 --> 00:23:45,080 Speaker 1: there's two other teams that are in front of us 441 00:23:45,119 --> 00:23:47,600 Speaker 1: in terms of first options. But I don't think people 442 00:23:47,680 --> 00:23:50,520 Speaker 1: understand that. Like maybe people think that, well, there's three 443 00:23:50,560 --> 00:23:53,560 Speaker 1: teams and everything's just shared equally, and that's not the case. 444 00:23:53,560 --> 00:23:56,920 Speaker 1: You're the third team. It's definitely not the case. So 445 00:23:57,000 --> 00:23:58,800 Speaker 1: as a result, I mean this year, if you look 446 00:23:58,840 --> 00:24:02,320 Speaker 1: at our schedule, I mean, we we have I believe 447 00:24:02,400 --> 00:24:05,479 Speaker 1: it's either two or three nighttime we can weekend games 448 00:24:05,920 --> 00:24:09,240 Speaker 1: all season long, Friday Saturday nights. So all of those 449 00:24:09,280 --> 00:24:12,280 Speaker 1: games belong to either the Kings or the Lakers, and 450 00:24:12,600 --> 00:24:14,680 Speaker 1: it's with their fans at a disadvantage when they don't 451 00:24:14,680 --> 00:24:17,000 Speaker 1: get the opportunity to have the premier nights of the 452 00:24:17,040 --> 00:24:19,040 Speaker 1: week to come watch their team. We do get a 453 00:24:19,040 --> 00:24:21,320 Speaker 1: lot of Mondays, we get a lot of Sunday afternoons, 454 00:24:21,359 --> 00:24:24,040 Speaker 1: and those are not the ideal times for a schedule. So, 455 00:24:24,320 --> 00:24:28,840 Speaker 1: you know, in addition to it being difficult as a 456 00:24:28,880 --> 00:24:31,480 Speaker 1: team operator, it's something that you know, we feel as 457 00:24:31,520 --> 00:24:34,320 Speaker 1: a hardship on the fans, and it extends further. You know, 458 00:24:34,359 --> 00:24:36,080 Speaker 1: at the end of the day when you're not operating 459 00:24:36,119 --> 00:24:38,320 Speaker 1: your own building and a fan comes into the building 460 00:24:38,359 --> 00:24:40,359 Speaker 1: and they have a problem, whether it be at the 461 00:24:40,400 --> 00:24:43,600 Speaker 1: gate or with their ticket, or with the food service, 462 00:24:43,680 --> 00:24:46,159 Speaker 1: or with an usher or wherever that might happen to be. 463 00:24:47,119 --> 00:24:50,320 Speaker 1: It's not the team that's answering to that fan. And 464 00:24:50,520 --> 00:24:53,040 Speaker 1: we work very closely with a g to try to 465 00:24:53,080 --> 00:24:56,119 Speaker 1: figure out ways to make it feel like a seamless experience. 466 00:24:56,560 --> 00:25:00,040 Speaker 1: But it's really just impossible. Well, since Emin is so smart, no, 467 00:25:00,119 --> 00:25:02,320 Speaker 1: he'd probably as this, but I'll jump in anyway. So 468 00:25:02,440 --> 00:25:08,680 Speaker 1: the solution to that problem is to build your own arena. Ah, Yes, 469 00:25:08,760 --> 00:25:10,959 Speaker 1: and I think you have an owner with with the 470 00:25:11,040 --> 00:25:14,200 Speaker 1: capital and the wherewithal and the desire to do such 471 00:25:14,240 --> 00:25:17,880 Speaker 1: a thing. Tell us about the proposal in Inglewood where 472 00:25:17,920 --> 00:25:20,439 Speaker 1: the new stadium for the Rams and the Chargers. Is 473 00:25:20,880 --> 00:25:24,200 Speaker 1: MSG not too happy? You'll be so close to the form. 474 00:25:24,320 --> 00:25:28,160 Speaker 1: Where is this this idea mess of a new building 475 00:25:28,440 --> 00:25:30,119 Speaker 1: in Inglewood? Where do we stand and where do you 476 00:25:30,119 --> 00:25:33,680 Speaker 1: hope to go? Well, there's about twenty acres that's been 477 00:25:33,720 --> 00:25:38,000 Speaker 1: identified UM and we have exclusive negotiating agreement with the 478 00:25:38,040 --> 00:25:42,400 Speaker 1: City of Englewood UH to explore the due diligence and 479 00:25:42,680 --> 00:25:46,719 Speaker 1: UH and the permitting process to build an arena and 480 00:25:46,760 --> 00:25:51,360 Speaker 1: it'll be directly across from where this new entertainment complexes 481 00:25:51,880 --> 00:25:55,800 Speaker 1: for the Rams and the Chargers. It's it's really extraordinary 482 00:25:55,840 --> 00:25:59,280 Speaker 1: what's going on in Englewood right now. Just incredible the 483 00:25:59,320 --> 00:26:02,080 Speaker 1: amount of ament, intem and energy, and you know, it's 484 00:26:02,160 --> 00:26:06,000 Speaker 1: shaping into what is clearly going to be a landmark 485 00:26:06,119 --> 00:26:09,199 Speaker 1: sports and entertainment district unlike any other probably in the 486 00:26:09,240 --> 00:26:11,520 Speaker 1: world UH. And to be a part of that is 487 00:26:11,640 --> 00:26:14,919 Speaker 1: very exciting. So we are well on our way to 488 00:26:15,040 --> 00:26:19,360 Speaker 1: be gaining the environmental review process and getting the community 489 00:26:19,400 --> 00:26:22,680 Speaker 1: involved and helping us figure out how we can put 490 00:26:22,720 --> 00:26:26,560 Speaker 1: together a world class building that brings the kind of 491 00:26:26,600 --> 00:26:29,600 Speaker 1: attention and glory to UH to Anglewood that that we 492 00:26:29,680 --> 00:26:31,640 Speaker 1: hope to bring in in a short period of time. 493 00:26:31,960 --> 00:26:35,480 Speaker 1: Given all the advantages you just mentioned from the scheduling 494 00:26:35,560 --> 00:26:39,280 Speaker 1: to being able to set the arena your own way, etcetera. 495 00:26:39,440 --> 00:26:42,479 Speaker 1: What's the revenue boost that being in your own place 496 00:26:43,000 --> 00:26:45,399 Speaker 1: gets you? Kind of the percentage difference between being a 497 00:26:45,440 --> 00:26:48,240 Speaker 1: third tenant at Staples and having your own spot in 498 00:26:48,280 --> 00:26:51,880 Speaker 1: Anglewood that is that is owned by the team. It's 499 00:26:52,000 --> 00:26:54,800 Speaker 1: it's significant, but you have to remember that the investment 500 00:26:55,000 --> 00:26:57,520 Speaker 1: is also significant. So you know, we're looking at a 501 00:26:57,560 --> 00:27:00,399 Speaker 1: project that will probably come in pretty or two a 502 00:27:00,440 --> 00:27:04,360 Speaker 1: billion dollars to build a world class arena in today's saying, 503 00:27:04,359 --> 00:27:07,080 Speaker 1: an age that is representative of the type of building 504 00:27:07,160 --> 00:27:10,200 Speaker 1: that I think fans would expect to see today in 505 00:27:10,200 --> 00:27:13,640 Speaker 1: in Los Angeles. And uh so it's a major investment. 506 00:27:13,920 --> 00:27:17,280 Speaker 1: The returns, you know, they will be significant. Um, but 507 00:27:17,840 --> 00:27:20,600 Speaker 1: again it's it's not going to be in an expensive 508 00:27:20,600 --> 00:27:22,760 Speaker 1: project that it's going to be one that we're going 509 00:27:22,840 --> 00:27:26,600 Speaker 1: to builds that will rival any building that that might 510 00:27:26,600 --> 00:27:30,760 Speaker 1: be in anybody's dreams today. And your lease is up season? 511 00:27:30,840 --> 00:27:32,160 Speaker 1: Is that right? Is that is the goal to move 512 00:27:32,200 --> 00:27:35,840 Speaker 1: in right after that or could this happen sooner? Yeah, 513 00:27:35,920 --> 00:27:38,399 Speaker 1: so we're prepared to fulfill our LEAs of staples. And 514 00:27:38,440 --> 00:27:40,520 Speaker 1: when you think about the time period that it takes 515 00:27:40,560 --> 00:27:43,320 Speaker 1: to permit a project and do something with a really 516 00:27:43,320 --> 00:27:45,919 Speaker 1: transparent way involving the community in the way that we 517 00:27:45,960 --> 00:27:48,520 Speaker 1: intend to do, it takes time to do that as 518 00:27:48,560 --> 00:27:52,720 Speaker 1: well as to actually put up the facility and have 519 00:27:52,800 --> 00:27:55,480 Speaker 1: it all ready to go. So the timeline is it's 520 00:27:55,480 --> 00:27:57,520 Speaker 1: pretty good. We have a little bit of extra time 521 00:27:57,560 --> 00:27:59,760 Speaker 1: in there, but that's always good to have. Have you 522 00:28:00,000 --> 00:28:04,439 Speaker 1: disgusted and disclosed the financing plan for the arena, we're not. 523 00:28:04,520 --> 00:28:07,000 Speaker 1: We're We've been working on that for several months now 524 00:28:07,080 --> 00:28:09,120 Speaker 1: and we've got a bunch of consultants that are helping 525 00:28:09,200 --> 00:28:11,280 Speaker 1: us out with it. Um. You know, we have been 526 00:28:11,359 --> 00:28:13,320 Speaker 1: very clear on the fact that it will be completely 527 00:28:13,480 --> 00:28:17,600 Speaker 1: privately financed, so being no public dollars, well, that's probably 528 00:28:17,640 --> 00:28:19,760 Speaker 1: flying in the face of what most owners would like 529 00:28:19,840 --> 00:28:21,720 Speaker 1: to see. Do you just see it as l a 530 00:28:21,880 --> 00:28:24,080 Speaker 1: right now the taxpayers won't go for it? Or is 531 00:28:24,119 --> 00:28:26,680 Speaker 1: that just the way Steve has decided he'd rather finance 532 00:28:26,760 --> 00:28:30,919 Speaker 1: the building. Yeah, this has been Steve from the get go. 533 00:28:31,119 --> 00:28:33,800 Speaker 1: You know, he has the wherewithal to do it. He 534 00:28:33,840 --> 00:28:37,080 Speaker 1: doesn't believe that that this is something that that the 535 00:28:37,080 --> 00:28:39,400 Speaker 1: community wants to take on, nor does he want to 536 00:28:39,400 --> 00:28:42,920 Speaker 1: ask them to do it. We are chatting with Gillian Zucker, 537 00:28:42,960 --> 00:28:46,240 Speaker 1: the president of business Operations for the l A Clippers, 538 00:28:46,520 --> 00:28:48,960 Speaker 1: and Gillian, if you're not in the building, the other 539 00:28:49,000 --> 00:28:50,760 Speaker 1: way to of course follow a team is to watch 540 00:28:50,840 --> 00:28:53,920 Speaker 1: him on TV. But this is a whole different media landscape. 541 00:28:54,280 --> 00:28:57,560 Speaker 1: Everybody is looking to O T T over the top 542 00:28:57,640 --> 00:29:01,040 Speaker 1: direct to consumer, whatever the terminology. Steve is also looking 543 00:29:01,080 --> 00:29:03,280 Speaker 1: at that. I'm sure you are knee deep in it. 544 00:29:03,720 --> 00:29:07,880 Speaker 1: What are the prospects for a new Clippers channel direct 545 00:29:07,880 --> 00:29:12,000 Speaker 1: to consumer broadband however you want to term it. We 546 00:29:12,160 --> 00:29:14,520 Speaker 1: we have been working on this for the better part 547 00:29:14,600 --> 00:29:18,520 Speaker 1: of three years. And uh, Steve's vision is really not 548 00:29:18,720 --> 00:29:23,680 Speaker 1: just taking the broadcast product doesn't exist today and just 549 00:29:23,800 --> 00:29:25,920 Speaker 1: delivering it in a different way to people so that 550 00:29:25,960 --> 00:29:27,840 Speaker 1: you can watch it on your phone or on your computer. 551 00:29:27,880 --> 00:29:29,400 Speaker 1: Can't do that anywhere you need to, but you need 552 00:29:29,440 --> 00:29:33,440 Speaker 1: to produce digitally for a smaller screen. Yeah, and I 553 00:29:33,480 --> 00:29:35,959 Speaker 1: think it's just this idea of what else can it do? 554 00:29:36,320 --> 00:29:39,400 Speaker 1: You know? He he's a sports fan. I mean, he 555 00:29:39,600 --> 00:29:42,960 Speaker 1: just loves sports. He loves watching them. He likes watching 556 00:29:42,960 --> 00:29:44,840 Speaker 1: them in person, and he likes watching them on TV. 557 00:29:45,240 --> 00:29:48,920 Speaker 1: But he's very inquisitive as he's watching them, and he 558 00:29:48,960 --> 00:29:52,760 Speaker 1: wants to know information about stats or what's the likelihood 559 00:29:52,800 --> 00:29:54,280 Speaker 1: that that shot is going to be made with that 560 00:29:54,400 --> 00:29:58,760 Speaker 1: defender in that particular position. And so through his understanding 561 00:29:58,760 --> 00:30:03,040 Speaker 1: of technology, we've been able to identify a company that's 562 00:30:03,080 --> 00:30:07,240 Speaker 1: able to take an artificial intelligence and this ability to 563 00:30:07,320 --> 00:30:10,600 Speaker 1: analyze the game from a computer's point of view and 564 00:30:10,800 --> 00:30:16,240 Speaker 1: create overlays or augmented reality over the broadcast product. And 565 00:30:16,280 --> 00:30:18,480 Speaker 1: it's pretty extraordinary and it ables you to watch the 566 00:30:18,520 --> 00:30:20,440 Speaker 1: game in a different way. So people who are used 567 00:30:20,480 --> 00:30:23,320 Speaker 1: to watching a game where they follow the ball, when 568 00:30:23,360 --> 00:30:25,600 Speaker 1: you watch it with these overlawyers, all of a sudden, 569 00:30:25,640 --> 00:30:29,960 Speaker 1: you find that your eye is being drawn to a 570 00:30:29,960 --> 00:30:33,800 Speaker 1: a defender who then creates an open shot, and instead 571 00:30:33,800 --> 00:30:36,560 Speaker 1: you're watching how the play develops. So I think when 572 00:30:36,600 --> 00:30:39,200 Speaker 1: you have a product that changes the way you experience 573 00:30:39,320 --> 00:30:42,040 Speaker 1: the game, you've got something pretty powerful. Uh, And that's 574 00:30:42,080 --> 00:30:44,760 Speaker 1: what we're getting ready to launch along with our partner 575 00:30:44,840 --> 00:30:48,120 Speaker 1: Fox in the falls of this coming season. Gillian, we've 576 00:30:48,120 --> 00:30:50,720 Speaker 1: reached that point in the podcast where I generally asked 577 00:30:50,720 --> 00:30:54,000 Speaker 1: the sports question. Uh, the NBA, as you know, getting 578 00:30:54,000 --> 00:30:57,160 Speaker 1: ready to launch NBA two K their e Sports league. 579 00:30:57,440 --> 00:31:01,000 Speaker 1: Seventeen franchises involved. Correct if I'm wrong, I don't believe 580 00:31:01,040 --> 00:31:03,280 Speaker 1: you guys are one of them. Uh, tell me about 581 00:31:03,760 --> 00:31:05,720 Speaker 1: what went into that decision if if you guys looked 582 00:31:05,760 --> 00:31:08,440 Speaker 1: at the property decided it wasn't worth it. While we're 583 00:31:08,440 --> 00:31:11,480 Speaker 1: not seeing a Clippers involved in the first year, we 584 00:31:11,520 --> 00:31:13,520 Speaker 1: did look at it and we're bullish on it. We're 585 00:31:13,600 --> 00:31:15,760 Speaker 1: very excited about it, and you can expect we'll be 586 00:31:15,840 --> 00:31:17,720 Speaker 1: part of it. We didn't do it in the original 587 00:31:17,800 --> 00:31:20,560 Speaker 1: year because this past year we stood up our g 588 00:31:20,720 --> 00:31:24,080 Speaker 1: League team and I really wanted to invest in making 589 00:31:24,080 --> 00:31:27,400 Speaker 1: sure that given that we decided we were going to 590 00:31:27,440 --> 00:31:30,320 Speaker 1: create that franchise just over the summer, we had such 591 00:31:30,320 --> 00:31:32,760 Speaker 1: a short runway to be able to get that up 592 00:31:32,800 --> 00:31:34,440 Speaker 1: in operating. We wanted to make sure I've had our 593 00:31:34,440 --> 00:31:37,480 Speaker 1: full attention. That's the only reason we're not part of 594 00:31:37,480 --> 00:31:39,760 Speaker 1: of the league from the get go. But we are 595 00:31:39,800 --> 00:31:42,520 Speaker 1: excited about it, and we're closely monitoring what's going on. 596 00:31:42,920 --> 00:31:45,680 Speaker 1: And we're also fairly close or possibly fairly close to 597 00:31:46,080 --> 00:31:50,560 Speaker 1: gambling being legalized across the country. That any day away 598 00:31:50,600 --> 00:31:52,640 Speaker 1: from from a Supreme Court decision that could allow New 599 00:31:52,720 --> 00:31:55,440 Speaker 1: Jersey and then a few other states to start offering 600 00:31:56,280 --> 00:31:58,560 Speaker 1: How much of an opportunity is that for you guys 601 00:31:58,560 --> 00:32:01,240 Speaker 1: from a business standpoint, I mean, it has the potential 602 00:32:01,320 --> 00:32:04,200 Speaker 1: to drive eyeballs to games, It has a potential to 603 00:32:04,680 --> 00:32:08,960 Speaker 1: maybe open new categories for sponsors, etcetera. The league is 604 00:32:09,440 --> 00:32:13,360 Speaker 1: really taking the lead um in regard to, uh, where 605 00:32:13,360 --> 00:32:16,400 Speaker 1: where we stand in regard to gambling. Obviously they've been 606 00:32:16,800 --> 00:32:20,040 Speaker 1: out in front on this and they feel that, you know, 607 00:32:20,160 --> 00:32:23,720 Speaker 1: it's it's obviously something that's happening already, So it's not 608 00:32:23,800 --> 00:32:26,360 Speaker 1: as if this is something that's new and it's just 609 00:32:26,400 --> 00:32:28,440 Speaker 1: this idea of how do we create, you know, some 610 00:32:28,520 --> 00:32:32,040 Speaker 1: kind of regulation around it so that the people who 611 00:32:32,080 --> 00:32:34,160 Speaker 1: are particting and painting in this maybe have a more 612 00:32:34,200 --> 00:32:37,480 Speaker 1: fair playing field and and can be engaged in a 613 00:32:37,520 --> 00:32:40,560 Speaker 1: way that feels like there's some credibility behind it. So 614 00:32:40,880 --> 00:32:43,360 Speaker 1: you know, we're going to be following this closely and 615 00:32:43,680 --> 00:32:45,840 Speaker 1: taking a lease from the league. Like Gillian, we have 616 00:32:45,880 --> 00:32:48,680 Speaker 1: about thirty seconds left. A little birdie named Chris Wallace 617 00:32:48,720 --> 00:32:51,280 Speaker 1: tells me that you a while ago were advised to 618 00:32:51,320 --> 00:32:56,000 Speaker 1: be a journalist? Who gave you that advice? And why 619 00:32:56,000 --> 00:33:00,520 Speaker 1: didn't you take it? I went to a really wonderful 620 00:33:00,520 --> 00:33:03,480 Speaker 1: small level arts school and upstanding York called Hamilton's, and 621 00:33:03,840 --> 00:33:07,600 Speaker 1: this career counseling class that I took ultimately said that 622 00:33:07,600 --> 00:33:10,920 Speaker 1: that that would be a good career for me. Um. Fortunately, 623 00:33:11,720 --> 00:33:13,840 Speaker 1: my my career path took a little bit of a shift. 624 00:33:13,880 --> 00:33:17,040 Speaker 1: And that sounded like you didn't work out. That sounded 625 00:33:17,080 --> 00:33:18,920 Speaker 1: like you impugned our profession. And what do you mean, 626 00:33:18,960 --> 00:33:22,080 Speaker 1: Fortunately that there's a perfectly wonderful living to be made 627 00:33:22,120 --> 00:33:24,120 Speaker 1: on this side of the microphones, Like things have worked 628 00:33:24,120 --> 00:33:29,239 Speaker 1: out for her. I am absolutely not plaming what you do, 629 00:33:29,400 --> 00:33:31,600 Speaker 1: but I think I found the perfect home for myself, 630 00:33:31,760 --> 00:33:34,600 Speaker 1: all right. Well, Gillian Zucker, president of Visinus Operations for 631 00:33:34,640 --> 00:33:37,360 Speaker 1: the Los Angeles Clippers, thank you very much. Thank you. 632 00:33:37,560 --> 00:33:42,240 Speaker 1: Takeaways from Gillian Zucker. She's obviously putting a very happy 633 00:33:42,280 --> 00:33:45,440 Speaker 1: face on things, but the local viewership is down on 634 00:33:45,480 --> 00:33:49,960 Speaker 1: the Clippers. The Lakers are coming up, however, a new building, 635 00:33:50,320 --> 00:33:52,800 Speaker 1: a new O t T with what sounds like some 636 00:33:53,080 --> 00:33:58,440 Speaker 1: interesting bills and whistles. I could see a younger generation 637 00:33:58,520 --> 00:34:01,920 Speaker 1: of fan moving over to the Clippers and saying this 638 00:34:02,000 --> 00:34:04,160 Speaker 1: is my team. I know my dad likes the Lakers, 639 00:34:04,200 --> 00:34:06,040 Speaker 1: my mother likes the Lakers. I'm going to be a 640 00:34:06,040 --> 00:34:09,960 Speaker 1: Clippers fan. They're plucky. You heard it. Yes, there is 641 00:34:10,000 --> 00:34:12,120 Speaker 1: certainly uh we won't saying on a T shirt, but 642 00:34:12,200 --> 00:34:14,640 Speaker 1: they're plucky. There is some kind of appeal here that 643 00:34:14,719 --> 00:34:17,640 Speaker 1: will only get stronger. I would assume as they get 644 00:34:17,680 --> 00:34:20,080 Speaker 1: into a lot of these initiatives that I'm sure Steve 645 00:34:20,080 --> 00:34:23,400 Speaker 1: Ballmer saw five years ago when he bought this team. 646 00:34:23,680 --> 00:34:26,160 Speaker 1: He saw the opportunity for a new building. He saw 647 00:34:26,200 --> 00:34:28,879 Speaker 1: the new opportunity for a better way to handle their 648 00:34:28,880 --> 00:34:31,600 Speaker 1: media rights that might bring in more money. You heard 649 00:34:31,640 --> 00:34:34,920 Speaker 1: Gillian say it. When you control your own dates, you 650 00:34:34,920 --> 00:34:38,080 Speaker 1: can make better You make better opportunities for your fans. 651 00:34:38,080 --> 00:34:40,600 Speaker 1: You can be more interactive, you can learn more about them. 652 00:34:40,640 --> 00:34:43,440 Speaker 1: Everything about this seems to be trending upwards. But right 653 00:34:43,440 --> 00:34:45,840 Speaker 1: now you're right, especially given the competition in l A, 654 00:34:46,360 --> 00:34:51,160 Speaker 1: it's gonna be a tough couple of years. It feels 655 00:34:51,160 --> 00:34:52,879 Speaker 1: better to be a number one than number five. I'll 656 00:34:52,880 --> 00:34:54,680 Speaker 1: wear a number because of Mike. We have a chance 657 00:34:54,719 --> 00:34:56,319 Speaker 1: to go for three in a row. Kid numbers at 658 00:34:56,360 --> 00:34:58,400 Speaker 1: a good time, when I'd first started wearing the number, 659 00:34:58,480 --> 00:35:02,440 Speaker 1: I would just have the Business of Sports the number 660 00:35:02,480 --> 00:35:06,880 Speaker 1: of the week. Well, speaking of that, competition number of 661 00:35:06,920 --> 00:35:12,320 Speaker 1: the week is one hundred thousand, small number, A small number, 662 00:35:12,440 --> 00:35:16,440 Speaker 1: but not if you're looking at a premium PSL personal 663 00:35:16,480 --> 00:35:20,000 Speaker 1: seat license for your new l A. RAMS and the 664 00:35:20,080 --> 00:35:22,480 Speaker 1: charges also have this as well. They're charging seventy five 665 00:35:22,520 --> 00:35:26,600 Speaker 1: thousand for their top, but a hundred thousand bucks. That's 666 00:35:26,600 --> 00:35:28,759 Speaker 1: a lot of money. My favorite thing about this whole thing. 667 00:35:29,160 --> 00:35:32,359 Speaker 1: Both the RAMS and the chargers are claiming that they're 668 00:35:32,360 --> 00:35:36,280 Speaker 1: going to repay this in fifty years, which is funny 669 00:35:36,280 --> 00:35:38,160 Speaker 1: when you think about how money changes. You know, I 670 00:35:38,480 --> 00:35:41,840 Speaker 1: was reading eight thousand dollars roughly in today's money. Is 671 00:35:41,880 --> 00:35:45,320 Speaker 1: the hundred thousand dollars in fifty years. So they're replaying 672 00:35:45,320 --> 00:35:48,920 Speaker 1: this loan. It's really at very little cost to the 673 00:35:48,960 --> 00:35:51,120 Speaker 1: teams at all. I wonder if this is just kind 674 00:35:51,120 --> 00:35:53,439 Speaker 1: of a PR stunt that makes it sound a little 675 00:35:53,480 --> 00:35:55,480 Speaker 1: better than it actually is. Well, it's all from a 676 00:35:55,560 --> 00:35:58,280 Speaker 1: tax code change that enables them to do it this way. 677 00:35:58,360 --> 00:36:01,920 Speaker 1: But if I'm paying it, I'd rather get something back 678 00:36:02,000 --> 00:36:05,399 Speaker 1: than not. And they are transferable so you can sell 679 00:36:05,440 --> 00:36:08,880 Speaker 1: your p cell. The demand is going to be interesting. 680 00:36:09,040 --> 00:36:11,279 Speaker 1: They are going to sell these suckers, aren't they. They 681 00:36:11,280 --> 00:36:14,400 Speaker 1: are Yeah, I mean two NFL teams, a brand new stadium, 682 00:36:14,440 --> 00:36:18,240 Speaker 1: the most expensive in the NFL. When it opens, Inglewood 683 00:36:18,280 --> 00:36:19,880 Speaker 1: is going to be a happening place if you're if 684 00:36:19,880 --> 00:36:22,040 Speaker 1: you're looking to consume some live sports in the next 685 00:36:22,080 --> 00:36:23,719 Speaker 1: couple of days, close to l A X. You can 686 00:36:23,800 --> 00:36:25,880 Speaker 1: land at be in the stadium in like five minutes. 687 00:36:25,920 --> 00:36:29,120 Speaker 1: So all good. You've been listening to Bloomberg Business of Sports. 688 00:36:29,160 --> 00:36:31,040 Speaker 1: We're here each and every week at the same time, 689 00:36:31,120 --> 00:36:33,880 Speaker 1: exploring the world of money in sports. I'm Evan Nobby 690 00:36:34,200 --> 00:36:36,279 Speaker 1: and I'm Scott Sashnik. Thanks for joining us, and please 691 00:36:36,320 --> 00:36:38,400 Speaker 1: tune in next week when we speak with the biggest 692 00:36:38,400 --> 00:36:40,960 Speaker 1: and brightest in the sports business industry. You're listening to 693 00:36:40,960 --> 00:36:44,160 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio around the world 694 00:36:44,239 --> 00:36:46,640 Speaker 1: and online as an Apple podcast on iTunes.