1 00:00:00,720 --> 00:00:04,800 Speaker 1: This is Bloomberg Business of Sports, where in a situation 2 00:00:04,880 --> 00:00:07,440 Speaker 1: that we haven't dealt with in modern times, the pandemic 3 00:00:07,440 --> 00:00:11,280 Speaker 1: here has really accelerated the investments that we've been advocating 4 00:00:11,360 --> 00:00:13,640 Speaker 1: for for a year. From a macro standpoint, I think 5 00:00:13,680 --> 00:00:16,880 Speaker 1: our sport industry is really forced to look at the 6 00:00:17,000 --> 00:00:20,079 Speaker 1: business a little bit differently in depth conversations with the 7 00:00:20,239 --> 00:00:22,639 Speaker 1: leaders in the sports industry, and he sport is a 8 00:00:22,640 --> 00:00:25,320 Speaker 1: good admiration. Were still moving forward with part of something 9 00:00:25,400 --> 00:00:27,320 Speaker 1: much bigger than the sport right now, the health and 10 00:00:27,360 --> 00:00:30,200 Speaker 1: stadustry of our stakeholders are real, smart important every moment. 11 00:00:30,320 --> 00:00:32,680 Speaker 1: I think we're all from a business respective thinking about 12 00:00:32,720 --> 00:00:35,280 Speaker 1: the impact that the virus is having across the country. 13 00:00:35,280 --> 00:00:40,040 Speaker 1: In Bloomberg Business of Sports from Bloomberg Radio, Hi everyone, 14 00:00:40,080 --> 00:00:42,720 Speaker 1: I'm Jason Kelly, and I'm Mike Lynch and I'm Michael 15 00:00:42,720 --> 00:00:45,280 Speaker 1: bar Over the next hour, we will explore the big 16 00:00:45,320 --> 00:00:47,559 Speaker 1: money issues in the world of sports and talk to 17 00:00:47,680 --> 00:00:49,920 Speaker 1: some of the biggest players in the industry. What a 18 00:00:49,960 --> 00:00:52,640 Speaker 1: movement it feels like, guys this week in the world 19 00:00:52,760 --> 00:00:56,680 Speaker 1: of sports, movement or perceived movement or pressure to move. 20 00:00:56,960 --> 00:00:58,920 Speaker 1: We're going to get into all of that in a minute. 21 00:00:59,560 --> 00:01:02,040 Speaker 1: Also going to talk later on in the show with 22 00:01:02,440 --> 00:01:06,280 Speaker 1: a new owner in the w n B A the 23 00:01:06,400 --> 00:01:08,760 Speaker 1: president of the Atlanta Dream and also going to catch 24 00:01:08,840 --> 00:01:10,759 Speaker 1: up with a guy who's about to get a big 25 00:01:10,800 --> 00:01:14,640 Speaker 1: promotion out on the West Coast, the Golden State Warriors, 26 00:01:14,840 --> 00:01:18,800 Speaker 1: the incoming president and CEO. He's a longtime executive with 27 00:01:18,840 --> 00:01:21,119 Speaker 1: the team, big shoes to fill. We'll get into all 28 00:01:21,160 --> 00:01:24,200 Speaker 1: of that with Brandon Schneider, but first staying on the 29 00:01:24,200 --> 00:01:27,760 Speaker 1: West Coast, staying in the Bay Area. In fact, the 30 00:01:27,800 --> 00:01:33,360 Speaker 1: Oakland A's uh Major League Baseball basically saying all right, guys, 31 00:01:33,560 --> 00:01:36,000 Speaker 1: you can start to look around because you're not getting 32 00:01:36,120 --> 00:01:38,480 Speaker 1: a deal done. And that deal, of course would be 33 00:01:38,520 --> 00:01:41,440 Speaker 1: for a new stadium for the Oakland A's to play. 34 00:01:41,480 --> 00:01:43,560 Speaker 1: Let's see with Dave Calvill, he's the president of the 35 00:01:43,560 --> 00:01:46,720 Speaker 1: Oakland A's, had to say on the A's cast, you know, 36 00:01:46,720 --> 00:01:49,920 Speaker 1: the commissioner coming out and really directing us to start 37 00:01:49,960 --> 00:01:53,440 Speaker 1: looking at some other markets, um while in parallel still 38 00:01:53,480 --> 00:01:56,680 Speaker 1: pursuing the waterfront opportunity in Oakland. And I think it's 39 00:01:56,720 --> 00:01:58,680 Speaker 1: an indicative of the fact that we're running out of 40 00:01:58,680 --> 00:02:03,640 Speaker 1: time that are current lease only goes through the Colisseum 41 00:02:03,680 --> 00:02:05,880 Speaker 1: is at the end of its useful life and we're 42 00:02:05,920 --> 00:02:10,160 Speaker 1: just not making quick enough progress on the downtown urban 43 00:02:10,200 --> 00:02:14,040 Speaker 1: location at the waterfront, and so I mean, it's it's 44 00:02:14,040 --> 00:02:15,919 Speaker 1: a big deal. It's something obviously, I know that our 45 00:02:15,919 --> 00:02:18,160 Speaker 1: fans are concerned about what it means for the future 46 00:02:18,639 --> 00:02:21,560 Speaker 1: and our future in Oakland, but it's also just a 47 00:02:21,600 --> 00:02:25,280 Speaker 1: realistic assessment of where we are and hopefully this can 48 00:02:25,320 --> 00:02:28,440 Speaker 1: be a way to really come to some type of 49 00:02:29,040 --> 00:02:31,720 Speaker 1: conclusion of this. That's it's been going on for almost 50 00:02:31,720 --> 00:02:34,640 Speaker 1: twenty years. And that's Dave Cavill, the president of the 51 00:02:34,639 --> 00:02:38,200 Speaker 1: Oakan A, speaking on the Oakland Athletics a's cast and 52 00:02:38,240 --> 00:02:41,480 Speaker 1: of course there are pals. You can listen to the 53 00:02:41,520 --> 00:02:45,200 Speaker 1: a's the Oakland Athletics on Bloomberg nine sixty in the 54 00:02:45,240 --> 00:02:48,160 Speaker 1: Bay Area. So Lynchy I turned to you, is this 55 00:02:48,200 --> 00:02:52,120 Speaker 1: a negotiating tactic? Could we see the a's leave, like, 56 00:02:52,280 --> 00:02:55,160 Speaker 1: what's going on here? Well, we thought it was a 57 00:02:55,200 --> 00:02:59,600 Speaker 1: negotiating tactic when the Raiders were looking for a new stadium. 58 00:02:59,639 --> 00:03:01,079 Speaker 1: Of course, the if they've probably went down to l 59 00:03:01,120 --> 00:03:03,239 Speaker 1: A for a while and then they came back. So 60 00:03:03,520 --> 00:03:06,520 Speaker 1: that would be your first reaction, obviously, but I just 61 00:03:06,560 --> 00:03:08,640 Speaker 1: feel so bad for the people of Oakland who had 62 00:03:08,680 --> 00:03:12,400 Speaker 1: the Raiders yanked out from the Vegas, the Warriors across 63 00:03:12,440 --> 00:03:15,079 Speaker 1: the Bay now over in San Francisco, and then pretty soon, 64 00:03:15,520 --> 00:03:20,480 Speaker 1: realistically by the year, could be without one single Major 65 00:03:20,560 --> 00:03:23,200 Speaker 1: league franchise. And they've had some great, great clubs and 66 00:03:23,200 --> 00:03:26,960 Speaker 1: great champions over the years in Oakland. Well, and Michael Barr, 67 00:03:26,960 --> 00:03:30,359 Speaker 1: I mean, it's fascinating to me because this is a 68 00:03:30,520 --> 00:03:35,200 Speaker 1: great vibrant area of the country. And you know, despite 69 00:03:35,240 --> 00:03:37,480 Speaker 1: what we've heard about people leaving California and leaving the 70 00:03:37,480 --> 00:03:41,320 Speaker 1: Bay Area a little bit in the course of the pandemic, 71 00:03:41,760 --> 00:03:45,520 Speaker 1: this is, as Lynchi alludes to, a very strong fan base. 72 00:03:45,600 --> 00:03:48,800 Speaker 1: This is a storied franchise in many ways, both from 73 00:03:48,840 --> 00:03:51,880 Speaker 1: long ago but more recently moneyball, you know, all of 74 00:03:51,920 --> 00:03:55,640 Speaker 1: these things that's world around the A's, and yet they 75 00:03:55,720 --> 00:03:58,440 Speaker 1: just can't seem to to get it together. What do 76 00:03:58,480 --> 00:04:02,119 Speaker 1: you make of it? Well, at first, and I was thinking, well, 77 00:04:02,160 --> 00:04:06,440 Speaker 1: maybe this is just a negotiating tactic until MLB said, hey, 78 00:04:06,560 --> 00:04:08,880 Speaker 1: the Oakland Coliseum is not a viable option for the 79 00:04:08,920 --> 00:04:12,320 Speaker 1: future vision of baseball, and I'm like, whoa, it's this 80 00:04:12,360 --> 00:04:15,160 Speaker 1: thing is going down. I hope they build a new 81 00:04:15,280 --> 00:04:18,960 Speaker 1: stadium in Oakland. Maybe that's what they need, you know, 82 00:04:19,240 --> 00:04:21,520 Speaker 1: But like you said, I mean, it's been such a 83 00:04:21,560 --> 00:04:24,279 Speaker 1: storied franchise. I remember the football team. It was the 84 00:04:24,279 --> 00:04:27,160 Speaker 1: Oakland Raiders, then it became the Los Angeles Raiders, then 85 00:04:27,160 --> 00:04:29,400 Speaker 1: it went back to the Oakland Raiders, and now they're 86 00:04:29,400 --> 00:04:33,560 Speaker 1: in Las Vegas. And I just want Oakland because I 87 00:04:33,960 --> 00:04:37,880 Speaker 1: really like that town and that they have at least 88 00:04:37,960 --> 00:04:41,760 Speaker 1: one major league sport. Yeah. And meanwhile, you know, it 89 00:04:41,839 --> 00:04:44,760 Speaker 1: was interesting to watch this play out on Twitter because 90 00:04:44,800 --> 00:04:47,840 Speaker 1: of course the question is, Okay, well where would they go? Uh, 91 00:04:47,960 --> 00:04:51,440 Speaker 1: we're joking with our producer Charlie Volmer about well, Vegas 92 00:04:51,480 --> 00:04:54,599 Speaker 1: is obviously always answer number one, and clearly that the 93 00:04:54,640 --> 00:04:57,560 Speaker 1: path is well trod between Oakland and Las Vegas, as 94 00:04:57,600 --> 00:05:00,679 Speaker 1: you just mentioned bar. But you know, they're other towns. 95 00:05:00,760 --> 00:05:02,760 Speaker 1: You think of a Nashville, you think of some other 96 00:05:02,800 --> 00:05:06,320 Speaker 1: places in the south, the Southwest where you know, baseball 97 00:05:06,320 --> 00:05:09,480 Speaker 1: continues to be, uh, pretty popular. I can't imagine them 98 00:05:09,600 --> 00:05:12,440 Speaker 1: ending up in the Northeast anywhere. But you know, some 99 00:05:12,480 --> 00:05:16,160 Speaker 1: sort of Sun Belt reel, you know, could be in 100 00:05:16,320 --> 00:05:19,800 Speaker 1: the a's future. So we'll certainly keep an eye on that, 101 00:05:20,320 --> 00:05:23,000 Speaker 1: uh and whether this really is just the next step 102 00:05:23,320 --> 00:05:26,320 Speaker 1: in getting getting a new stadium. I do think that 103 00:05:26,720 --> 00:05:30,440 Speaker 1: the optics of it are important here, you know, and 104 00:05:30,440 --> 00:05:34,400 Speaker 1: and you know, keeping keeping a tradition alive is certainly 105 00:05:34,400 --> 00:05:36,560 Speaker 1: on the mind of Rob Manfred and other folks at 106 00:05:36,680 --> 00:05:39,120 Speaker 1: at MLB. But got to get it done. And you know, 107 00:05:39,160 --> 00:05:40,800 Speaker 1: we're gonna talk a little bit later on in the 108 00:05:40,800 --> 00:05:43,719 Speaker 1: show when we get into the story of the Warriors 109 00:05:43,760 --> 00:05:47,679 Speaker 1: about that move across the Bay that you mentioned, Lynchy, 110 00:05:47,880 --> 00:05:51,040 Speaker 1: and you know what the Warriors got to do had 111 00:05:51,080 --> 00:05:55,840 Speaker 1: to do. It was the first privately financed arena in 112 00:05:55,880 --> 00:06:00,280 Speaker 1: the NBA and it's been, by all accounts, incredibly success full. 113 00:06:00,680 --> 00:06:03,279 Speaker 1: So you know, it's a different world when it comes 114 00:06:03,279 --> 00:06:06,240 Speaker 1: to building stadiums in arenas, and we'll keep an eye 115 00:06:06,240 --> 00:06:09,599 Speaker 1: on that. Well. Stadiums and arenas and stadiums specifically big 116 00:06:09,800 --> 00:06:13,400 Speaker 1: American football stadiums and even some overseas are going to 117 00:06:13,440 --> 00:06:16,400 Speaker 1: be filled, we hope this fall. And now we know 118 00:06:16,440 --> 00:06:21,200 Speaker 1: who's going to be playing. And when who knew Mike 119 00:06:21,320 --> 00:06:25,080 Speaker 1: Clinch that the release of a schedule could become an 120 00:06:25,120 --> 00:06:29,200 Speaker 1: all day media event. It was this week and you 121 00:06:29,279 --> 00:06:32,960 Speaker 1: actually know before it comes out who your opponents are. Yeah, 122 00:06:33,080 --> 00:06:34,960 Speaker 1: because it's a rotating schedule every year, you know you're 123 00:06:34,960 --> 00:06:36,760 Speaker 1: gonna be who you're gonna be playing. It's just a 124 00:06:36,839 --> 00:06:39,720 Speaker 1: question of which week and will it be a primetime game. 125 00:06:39,839 --> 00:06:41,800 Speaker 1: And this is just I mean I was on an 126 00:06:41,839 --> 00:06:45,119 Speaker 1: airplane when they released the week number one, and people 127 00:06:45,120 --> 00:06:47,400 Speaker 1: would just buzzing on the airplane, just talking and said, oh, 128 00:06:47,440 --> 00:06:49,800 Speaker 1: I can't believe that the Patriots are opening up against 129 00:06:49,839 --> 00:06:52,640 Speaker 1: the Dolphins. When is Tom Brady come to town? Obviously 130 00:06:52,800 --> 00:06:55,200 Speaker 1: being a Boston guy and Brady coming back to Foxboro 131 00:06:55,200 --> 00:06:58,400 Speaker 1: in October three? That game stuck out to me as uh, 132 00:06:58,720 --> 00:07:02,920 Speaker 1: I'm salivating already. Well, and I think that the nation 133 00:07:02,960 --> 00:07:06,119 Speaker 1: will be tuned in for sure. There was a great 134 00:07:06,680 --> 00:07:10,320 Speaker 1: tweet that I saw an illustration bar of you know, 135 00:07:10,600 --> 00:07:15,080 Speaker 1: Brady in his Bucks uniform, you know, pictured or drawn 136 00:07:15,120 --> 00:07:19,280 Speaker 1: from the back, you know, looking at the Gillette Stadium scoreboard. 137 00:07:19,320 --> 00:07:22,040 Speaker 1: I mean, all eyes will be there. The other interesting 138 00:07:22,080 --> 00:07:24,040 Speaker 1: thing to me, and you brought this up as we 139 00:07:24,040 --> 00:07:27,040 Speaker 1: were talking before the show, is all eyes at least 140 00:07:27,040 --> 00:07:31,240 Speaker 1: on Thursday nights are gonna be on Amazon. That's how 141 00:07:31,240 --> 00:07:34,960 Speaker 1: we're gonna be watching these games, the Thursday night football games. Uh, 142 00:07:35,200 --> 00:07:38,880 Speaker 1: starting opening week with the Seahawks. Maybe that's just a 143 00:07:38,920 --> 00:07:41,960 Speaker 1: coincidence that the Seahawks and Amazon they share a hometown. 144 00:07:42,080 --> 00:07:44,840 Speaker 1: But you know they're they're gonna be gotta stream it 145 00:07:44,920 --> 00:07:47,280 Speaker 1: to watch it. Well, let me let me add somebody. 146 00:07:47,280 --> 00:07:50,240 Speaker 1: They're they're gonna have eleven games. But that first game 147 00:07:50,280 --> 00:07:52,960 Speaker 1: that they're going to stream, I believe is like October, 148 00:07:53,040 --> 00:07:56,680 Speaker 1: like October seven or whatever it is. But they have 149 00:07:56,720 --> 00:08:00,920 Speaker 1: eleven games. And I said this early here is that 150 00:08:01,840 --> 00:08:05,240 Speaker 1: if you have a television that's programmed already to have 151 00:08:05,400 --> 00:08:08,240 Speaker 1: this app, you're in business. Because if you're an old 152 00:08:08,240 --> 00:08:09,960 Speaker 1: fuddy duddy like me, I was like, well, how do 153 00:08:10,000 --> 00:08:12,480 Speaker 1: you downlottle this thing here? It's like, well, the set 154 00:08:12,520 --> 00:08:15,400 Speaker 1: already came with it, So now I'm good. I'm all 155 00:08:15,400 --> 00:08:20,680 Speaker 1: set to watch with Week one. My you know, I'm 156 00:08:20,720 --> 00:08:24,840 Speaker 1: a die hard Lions fan. My wife is a die 157 00:08:24,880 --> 00:08:28,320 Speaker 1: hard forty Niners fan. And that's the Week one game 158 00:08:28,520 --> 00:08:32,920 Speaker 1: the Lions and the forty Niners. Uh. If I need 159 00:08:32,960 --> 00:08:35,079 Speaker 1: to sleep on the couch, guys, I'm gonna call you 160 00:08:35,280 --> 00:08:37,720 Speaker 1: and let you know, because I know how this is 161 00:08:37,720 --> 00:08:39,760 Speaker 1: gonna go down. We're gonna be on opposite sides of 162 00:08:39,760 --> 00:08:43,120 Speaker 1: the room and throwing popcorn. And I gotta say something 163 00:08:43,200 --> 00:08:48,120 Speaker 1: else when I'm watching the schedule come out, and I 164 00:08:48,160 --> 00:08:49,959 Speaker 1: said this earlier before we went on the air. Look, 165 00:08:50,040 --> 00:08:51,800 Speaker 1: I'm looking at this like, all right, what game I'm 166 00:08:51,880 --> 00:08:54,080 Speaker 1: gonna been on a week one? To listen? La la 167 00:08:54,160 --> 00:08:56,240 Speaker 1: la la, la la la. And I go through this 168 00:08:56,360 --> 00:09:00,880 Speaker 1: through the entire schedule, and I will admit, between betting 169 00:09:00,960 --> 00:09:05,959 Speaker 1: and and and being an avid fantasy football player, I 170 00:09:06,120 --> 00:09:08,959 Speaker 1: love it. It's everything, Like you said, Jason, is an 171 00:09:08,960 --> 00:09:11,920 Speaker 1: event in the NFL. We'll lich you the other interesting 172 00:09:12,160 --> 00:09:15,800 Speaker 1: note from an expansion perspective, and this is not new 173 00:09:15,960 --> 00:09:19,760 Speaker 1: but renewed, I should say, because last year obviously is 174 00:09:19,840 --> 00:09:24,160 Speaker 1: very different. The NFL back in London. Two games will 175 00:09:24,200 --> 00:09:28,920 Speaker 1: be there in the Tottenham hot Spurs home stadium. It 176 00:09:29,000 --> 00:09:31,800 Speaker 1: will be rocking. I've talked to a bunch of friends 177 00:09:31,840 --> 00:09:33,440 Speaker 1: in London over the years who have gone to some 178 00:09:33,480 --> 00:09:38,200 Speaker 1: of those games. They are huge events. Um folks in 179 00:09:38,200 --> 00:09:40,959 Speaker 1: the UK they love their football, but they also love 180 00:09:41,440 --> 00:09:45,040 Speaker 1: American football. The Falcons are going to be playing one 181 00:09:45,040 --> 00:09:46,960 Speaker 1: of those games, the Falcons and the Jets. I'm not 182 00:09:47,000 --> 00:09:49,480 Speaker 1: sure if you know many people other than Falcons and 183 00:09:49,559 --> 00:09:52,560 Speaker 1: Jets fans care that much about that. But um, I 184 00:09:52,600 --> 00:09:55,200 Speaker 1: said that is a Falcons fan. But uh, you know 185 00:09:55,559 --> 00:09:59,320 Speaker 1: you are going to see renewed interest, as it were. 186 00:10:00,160 --> 00:10:04,680 Speaker 1: And the NFL loves that partnership of going uh to London. 187 00:10:05,280 --> 00:10:07,720 Speaker 1: I think they would love to have a team over there. 188 00:10:07,800 --> 00:10:10,920 Speaker 1: But you know, logistically, Lynch, I just don't see how 189 00:10:10,920 --> 00:10:13,839 Speaker 1: it works. No, it doesn't. I think the the the 190 00:10:13,920 --> 00:10:19,080 Speaker 1: ultimate goal here for the NFL is exposure and merchandizing. UM. 191 00:10:19,360 --> 00:10:21,520 Speaker 1: Every year when they go over there, more and more 192 00:10:21,520 --> 00:10:26,559 Speaker 1: people are wearing National Football League jerseys UM. And one 193 00:10:26,559 --> 00:10:29,079 Speaker 1: of the big things over there too is indoctrinating them 194 00:10:29,080 --> 00:10:31,480 Speaker 1: to American football. The teams usually go over a little 195 00:10:31,520 --> 00:10:34,520 Speaker 1: bit earlier and on Friday they usually have a clinic. 196 00:10:34,679 --> 00:10:37,000 Speaker 1: It's one of the parks for some for youth football, 197 00:10:37,280 --> 00:10:39,360 Speaker 1: teaching them how to kick, how to throw, how to run, 198 00:10:39,400 --> 00:10:42,560 Speaker 1: how to pass, and and you look into the stands 199 00:10:42,760 --> 00:10:44,760 Speaker 1: while the game is going on and it's amazing how 200 00:10:44,800 --> 00:10:47,920 Speaker 1: many different jerseys the people are wearing of National Football 201 00:10:48,000 --> 00:10:49,880 Speaker 1: League teams. I think that's the ultimate goal for the 202 00:10:49,920 --> 00:10:52,640 Speaker 1: National Football League. Logistically, I just don't see how you 203 00:10:52,640 --> 00:10:55,360 Speaker 1: can have a team, you know, in the like let's 204 00:10:55,360 --> 00:10:58,160 Speaker 1: say the a f C East three thousand miles away 205 00:10:58,240 --> 00:11:02,120 Speaker 1: from Melife Stadium or far Explorer Er down in Miami. 206 00:11:02,120 --> 00:11:04,800 Speaker 1: It's just logistically, I just don't see it happening until 207 00:11:04,880 --> 00:11:09,560 Speaker 1: you can teleport back and forth. Maybe uh that this 208 00:11:09,640 --> 00:11:11,600 Speaker 1: may be a tough thing. But but your point about 209 00:11:12,000 --> 00:11:14,400 Speaker 1: the merch is real, especially when it comes to that. 210 00:11:14,480 --> 00:11:17,480 Speaker 1: I mean, the other interesting merchandising opportunity I was thinking 211 00:11:17,480 --> 00:11:19,880 Speaker 1: about as I was looking at the schedule is you've 212 00:11:19,920 --> 00:11:22,560 Speaker 1: got all these new quarterbacks coming in. You're gonna have 213 00:11:22,559 --> 00:11:26,640 Speaker 1: some great quarterback uh matchups. And obviously Mr Brady isn't 214 00:11:26,640 --> 00:11:29,920 Speaker 1: going away anytime soon because he's gonna live forever. But 215 00:11:30,240 --> 00:11:33,599 Speaker 1: you know these new you know, these new players and 216 00:11:33,720 --> 00:11:37,840 Speaker 1: especially quarterbacks coming in, Justin Fields and Trevor Lawrence and whatnot. 217 00:11:38,280 --> 00:11:40,840 Speaker 1: You have to think that those jerseys are gonna go 218 00:11:40,920 --> 00:11:43,640 Speaker 1: and gonna go fast, you know, if they start winning. 219 00:11:43,840 --> 00:11:46,520 Speaker 1: But if they're not, then there'll be a cautionary tale 220 00:11:46,520 --> 00:11:49,080 Speaker 1: all over again. I'm Jason Kelly along with Mike Lynch 221 00:11:49,120 --> 00:11:51,800 Speaker 1: and Michael Barr today really excited to be speaking with 222 00:11:52,280 --> 00:11:56,040 Speaker 1: the new Atlanta Dream co owner and president, Susanne Abart. 223 00:11:56,280 --> 00:12:00,480 Speaker 1: She is a Bostonian, she's an at lantern part time. Now, 224 00:12:00,520 --> 00:12:04,880 Speaker 1: this is a huge purchase in many ways, so significant. 225 00:12:04,920 --> 00:12:07,120 Speaker 1: We're going to get into all of that. Uh, Susan, 226 00:12:07,320 --> 00:12:09,120 Speaker 1: really really nice to have you with us. Thanks for 227 00:12:09,160 --> 00:12:11,199 Speaker 1: having me, Jason, it's really a pleasure to be here 228 00:12:11,240 --> 00:12:14,559 Speaker 1: with you. So let's get right into it. What's the 229 00:12:14,600 --> 00:12:18,199 Speaker 1: business case for buying this team investing in women? I 230 00:12:18,240 --> 00:12:22,839 Speaker 1: think it's you know, we all saw, particularly it was 231 00:12:22,920 --> 00:12:26,840 Speaker 1: highlighted through the n c A tournament that there is 232 00:12:26,880 --> 00:12:31,920 Speaker 1: such a disparity between the level of investment between men's 233 00:12:31,960 --> 00:12:38,160 Speaker 1: sports and women's sports. And UM for we've been proponents 234 00:12:38,160 --> 00:12:41,720 Speaker 1: of women. Larry and myself in in our other business 235 00:12:42,320 --> 00:12:46,080 Speaker 1: at Northland have long been proponents of investing in women, 236 00:12:46,120 --> 00:12:49,400 Speaker 1: and we have women in many of the senior leadership 237 00:12:49,480 --> 00:12:52,199 Speaker 1: roles in our organization. And this just seems like a 238 00:12:52,320 --> 00:12:58,120 Speaker 1: natural fit for us UM which was invest in women. 239 00:12:58,200 --> 00:13:00,920 Speaker 1: It's not betting on women, it's an investing in women, 240 00:13:01,000 --> 00:13:03,600 Speaker 1: and we're investing in this team for the long haul 241 00:13:03,679 --> 00:13:07,720 Speaker 1: and we're we're fortunate and excited to have Renee Montgomery 242 00:13:07,800 --> 00:13:10,960 Speaker 1: along with us in the ownership group. Because she's a 243 00:13:10,960 --> 00:13:13,679 Speaker 1: great example of what investing in women looks like and 244 00:13:13,720 --> 00:13:19,400 Speaker 1: how successful that can be. How has Senator Kelly Leffler's exit, 245 00:13:19,480 --> 00:13:22,280 Speaker 1: she was the previous owner of the team, changed the 246 00:13:22,320 --> 00:13:30,760 Speaker 1: business opportunity landscape for the team. I think ye, I'll 247 00:13:30,800 --> 00:13:34,280 Speaker 1: say this. You know, we we only look forward, UM, 248 00:13:34,280 --> 00:13:38,520 Speaker 1: not back, and so from our perspective, we're looking at 249 00:13:38,600 --> 00:13:42,600 Speaker 1: how can we take this team and build it into 250 00:13:43,160 --> 00:13:48,120 Speaker 1: the model franchise within the W. And so what is 251 00:13:48,200 --> 00:13:51,559 Speaker 1: that going to take. It's going to take investment, It's 252 00:13:51,600 --> 00:13:54,800 Speaker 1: going to take some time. UH, it's going to take 253 00:13:54,840 --> 00:13:59,360 Speaker 1: putting dynamic leaders UH in charge of both the business 254 00:13:59,360 --> 00:14:03,040 Speaker 1: and basketball side, and it's going to take reaching out 255 00:14:03,080 --> 00:14:08,000 Speaker 1: to the community of Atlanta UM in terms of outreach, 256 00:14:08,120 --> 00:14:13,960 Speaker 1: in terms of both engagement UM. And so that's really 257 00:14:14,080 --> 00:14:19,200 Speaker 1: our plan, build the model franchise in the W, embrace Atlanta, 258 00:14:19,560 --> 00:14:22,760 Speaker 1: the culture of Atlanta. And we really believe that if 259 00:14:22,760 --> 00:14:25,560 Speaker 1: we do that, that Atlanta is going to embrace this 260 00:14:25,720 --> 00:14:28,960 Speaker 1: team right back, and that we will win both on 261 00:14:29,080 --> 00:14:31,760 Speaker 1: and off the court. And I should add, in case 262 00:14:31,800 --> 00:14:35,400 Speaker 1: anybody is not familiar with the situation at the time, 263 00:14:35,880 --> 00:14:40,400 Speaker 1: then Senator Kelly Leffler, who was the previous owner kind 264 00:14:40,440 --> 00:14:42,360 Speaker 1: of gotten to a spat with the players over their 265 00:14:42,360 --> 00:14:46,520 Speaker 1: support over social justice and black Lives matter. So anybody 266 00:14:46,920 --> 00:14:49,320 Speaker 1: not familiar with that story, that's what that is all about. 267 00:14:49,880 --> 00:14:52,240 Speaker 1: I was just gonna say, I think with respect to 268 00:14:52,640 --> 00:14:58,480 Speaker 1: the players social justice platform, we fully embrace the players 269 00:14:58,600 --> 00:15:03,080 Speaker 1: and the league's social stice platform. And that is actually 270 00:15:03,120 --> 00:15:05,800 Speaker 1: one of the reasons that we were excited to invest 271 00:15:06,080 --> 00:15:10,360 Speaker 1: in the w UM and to acquire a team within 272 00:15:10,480 --> 00:15:14,520 Speaker 1: the w n b A because we are an unabashedly 273 00:15:14,600 --> 00:15:20,000 Speaker 1: progressive organization in our our social justice outlook, UM and 274 00:15:20,040 --> 00:15:23,840 Speaker 1: activities aligned squarely with the leagues and with the players 275 00:15:23,960 --> 00:15:26,760 Speaker 1: of the Atlanta Dream. I want to follow up on 276 00:15:26,840 --> 00:15:29,640 Speaker 1: Renee Montgomery because she's a trailblazer, she's the first, she's 277 00:15:29,640 --> 00:15:32,560 Speaker 1: a former player, she's now a part owner. What will 278 00:15:32,600 --> 00:15:34,560 Speaker 1: her day to day role be with the team, and 279 00:15:34,600 --> 00:15:37,360 Speaker 1: how heavily are you going to lean on her judgment 280 00:15:37,560 --> 00:15:42,520 Speaker 1: opinion thoughts, et cetera. So Renee is a is already 281 00:15:42,800 --> 00:15:46,400 Speaker 1: UM and has taken an active role on the business 282 00:15:46,480 --> 00:15:52,280 Speaker 1: side UM and essentially with respect to marketing and community outreach. 283 00:15:52,360 --> 00:15:55,560 Speaker 1: And so that's you know, as we go into this season, 284 00:15:55,680 --> 00:15:58,680 Speaker 1: our inaugural season for us as the ownership group. She'll 285 00:15:58,720 --> 00:16:02,480 Speaker 1: be focused on that. Um. You you can if you look, 286 00:16:02,560 --> 00:16:07,640 Speaker 1: you'll see her hand already in our new creative agency 287 00:16:07,720 --> 00:16:11,760 Speaker 1: that was announced yesterday, which is Popping Creative, our new 288 00:16:11,840 --> 00:16:15,960 Speaker 1: do it for the Dream um Ad campaign. UM. You know, 289 00:16:16,120 --> 00:16:19,600 Speaker 1: our all female broadcast team that was just announced this week. 290 00:16:19,760 --> 00:16:22,040 Speaker 1: And you know, I've been working very closely with Renee 291 00:16:22,160 --> 00:16:25,640 Speaker 1: on all of those initiatives and she's just been a 292 00:16:25,680 --> 00:16:29,120 Speaker 1: great partner and has hit the ground running really in 293 00:16:29,160 --> 00:16:32,120 Speaker 1: a way that has really energized all of us. And 294 00:16:32,800 --> 00:16:35,280 Speaker 1: we look at what we've done actually in those sixty 295 00:16:35,360 --> 00:16:38,720 Speaker 1: nine days. You know, acquiring a team so close to 296 00:16:38,880 --> 00:16:42,400 Speaker 1: the season starting was not ideal from a you know, 297 00:16:42,440 --> 00:16:46,040 Speaker 1: get up to speed standpoint, but the opportunity was there 298 00:16:46,080 --> 00:16:48,880 Speaker 1: for us. We we jumped at it um and we're 299 00:16:48,880 --> 00:16:52,680 Speaker 1: pretty excited about what we've done. And Renee has really 300 00:16:52,680 --> 00:16:56,440 Speaker 1: been an integral part of all of that. So Suzanne, 301 00:16:56,440 --> 00:16:58,840 Speaker 1: help us understand because I feel like there have been 302 00:16:58,880 --> 00:17:03,040 Speaker 1: some twist and turns in the evolution and the growth 303 00:17:03,040 --> 00:17:06,920 Speaker 1: of the w NBA as it relates to the NBA. Obviously, 304 00:17:06,960 --> 00:17:10,280 Speaker 1: the commissioner, Cathy Engelbert hit has come in and made 305 00:17:10,280 --> 00:17:13,640 Speaker 1: some changes in terms of the visibility of the league. 306 00:17:13,640 --> 00:17:16,240 Speaker 1: In terms of the operations of the league. How does 307 00:17:16,280 --> 00:17:19,320 Speaker 1: it become more the w n b A that is 308 00:17:19,440 --> 00:17:23,320 Speaker 1: and and on a team by team level, more economically viable. 309 00:17:23,440 --> 00:17:26,800 Speaker 1: How do you, you know, taking the long view, sort 310 00:17:26,800 --> 00:17:33,200 Speaker 1: of grow this as an investment. So first, I would say, um, 311 00:17:33,960 --> 00:17:38,560 Speaker 1: Commissioner Angelbert has done a tremendous job, um in raising 312 00:17:38,600 --> 00:17:42,800 Speaker 1: the visibility of the league. And you know, if you 313 00:17:42,840 --> 00:17:46,000 Speaker 1: look just even going into this season, UM, you know 314 00:17:46,080 --> 00:17:49,520 Speaker 1: there's a new game change of partnership with Google. There 315 00:17:49,600 --> 00:17:54,840 Speaker 1: was a new uh streaming partnership with Amazon Prime for 316 00:17:55,080 --> 00:17:57,479 Speaker 1: games this season. I think one of the things that 317 00:17:57,560 --> 00:18:02,719 Speaker 1: Kathy has really done is understands that the league itself 318 00:18:03,280 --> 00:18:07,119 Speaker 1: needs to elevate its profile, needs to grow its top line, 319 00:18:07,760 --> 00:18:11,439 Speaker 1: and that teams themselves have to do that as well. 320 00:18:12,240 --> 00:18:17,239 Speaker 1: The I would say, if you look at where the 321 00:18:17,400 --> 00:18:20,480 Speaker 1: NBA was in their twenty season, and that's where the 322 00:18:20,680 --> 00:18:22,320 Speaker 1: w n b A is right now we're about to 323 00:18:22,359 --> 00:18:27,560 Speaker 1: kick off our season. The NBA in year was not 324 00:18:27,640 --> 00:18:31,199 Speaker 1: what it is today. And you know, I think that 325 00:18:31,280 --> 00:18:33,280 Speaker 1: Cathy has done a tremendous job and I think this 326 00:18:33,359 --> 00:18:35,920 Speaker 1: is going to be a pivotal season. I think there 327 00:18:36,000 --> 00:18:38,679 Speaker 1: was so much that has happened over the course of 328 00:18:38,720 --> 00:18:44,600 Speaker 1: the last year in elevating the league, in elevating women's sports, 329 00:18:44,600 --> 00:18:48,199 Speaker 1: elevating investment in women's sports, and I think that Cathy 330 00:18:48,240 --> 00:18:52,760 Speaker 1: has really put the league on the perfect trajectory for 331 00:18:52,880 --> 00:18:55,399 Speaker 1: this league to continue to grow over the next twenty 332 00:18:55,480 --> 00:18:57,840 Speaker 1: five years. And we're excited to be a part of 333 00:18:57,840 --> 00:19:01,119 Speaker 1: that growth over the next twenty five years. So, Susannah, 334 00:19:01,280 --> 00:19:02,879 Speaker 1: if I can, I want to talk to you a 335 00:19:02,960 --> 00:19:06,000 Speaker 1: little bit um sort of following on that, but but 336 00:19:06,240 --> 00:19:09,200 Speaker 1: taking in a slightly different direction. You know, you guys 337 00:19:09,240 --> 00:19:12,800 Speaker 1: are real estate investors, and you have come to understand 338 00:19:12,840 --> 00:19:16,600 Speaker 1: I believe you know, in a pretty intimate way a market. 339 00:19:16,880 --> 00:19:19,720 Speaker 1: You know, I'm from Atlanta originally, as you know, so 340 00:19:19,840 --> 00:19:23,520 Speaker 1: it's a dynamic market to say the least. What have 341 00:19:23,600 --> 00:19:27,360 Speaker 1: you learned from being a real estate investor, both locally 342 00:19:27,440 --> 00:19:32,440 Speaker 1: but also nationally and internationally that you apply in this case, 343 00:19:32,520 --> 00:19:35,919 Speaker 1: Like what what are the sort of the business crossovers 344 00:19:36,000 --> 00:19:40,480 Speaker 1: or marketing crossovers or operational crossovers. I would say the 345 00:19:40,480 --> 00:19:44,400 Speaker 1: most important thing is know your market, right, I think 346 00:19:44,680 --> 00:19:46,440 Speaker 1: as you hit on it. You know, in our real 347 00:19:46,560 --> 00:19:49,920 Speaker 1: estate business, we operate in twelve states, and so within 348 00:19:49,960 --> 00:19:53,200 Speaker 1: those states and multiple markets, and the most important thing 349 00:19:53,280 --> 00:19:56,679 Speaker 1: is to know your market, um and be able. You know, 350 00:19:57,359 --> 00:19:59,800 Speaker 1: you can't be a one size fits all. What we 351 00:20:00,119 --> 00:20:02,879 Speaker 1: what we may do on the real estate side in 352 00:20:03,000 --> 00:20:06,600 Speaker 1: Boston may not work in Austin or in Charlotte. And 353 00:20:06,640 --> 00:20:09,440 Speaker 1: what we may do here in Atlanta, you know, may 354 00:20:09,440 --> 00:20:11,840 Speaker 1: not work out in Tucson, Arizona. And I think the 355 00:20:11,880 --> 00:20:16,560 Speaker 1: most important thing is understanding your market and and really 356 00:20:16,600 --> 00:20:20,199 Speaker 1: engaging in your market, particularly when it comes on the 357 00:20:20,200 --> 00:20:24,320 Speaker 1: sports side, because you know, you're you're selling a product obviously, 358 00:20:24,480 --> 00:20:29,280 Speaker 1: you're you're putting a you know, you're selling an entertainment product, um. 359 00:20:29,359 --> 00:20:31,639 Speaker 1: And if you want to succeed, you've got to have 360 00:20:31,760 --> 00:20:36,240 Speaker 1: stands in the seats, and that I think really you 361 00:20:36,320 --> 00:20:39,680 Speaker 1: need to know who your target market is and how 362 00:20:39,720 --> 00:20:42,760 Speaker 1: to reach them. And I think that that is the 363 00:20:42,840 --> 00:20:46,439 Speaker 1: same across any business. UM. So I think that's probably 364 00:20:46,480 --> 00:20:49,200 Speaker 1: the most important. I want to go back to something 365 00:20:49,240 --> 00:20:51,520 Speaker 1: we were talking about in the beginning about the pay 366 00:20:51,600 --> 00:20:55,480 Speaker 1: discrepancy between men and women. Very quickly. I'm gonna tell 367 00:20:55,520 --> 00:20:57,520 Speaker 1: a story I had to be about four or five 368 00:20:57,640 --> 00:21:00,320 Speaker 1: years old. Both my mom and dad worked. Now, my 369 00:21:00,359 --> 00:21:03,280 Speaker 1: mom was also a World War Two veteran like my dad. 370 00:21:03,840 --> 00:21:05,479 Speaker 1: And here comes pay day and back of the day 371 00:21:05,520 --> 00:21:08,760 Speaker 1: they bring back the paychecks and a little four year 372 00:21:08,760 --> 00:21:12,960 Speaker 1: old kid goes to his mom and says, well, you 373 00:21:13,040 --> 00:21:16,040 Speaker 1: must make less because you're a woman. And then my 374 00:21:16,119 --> 00:21:18,119 Speaker 1: mom said, oh, hell no, we got we got to 375 00:21:18,160 --> 00:21:22,720 Speaker 1: have a conversation about this. So and I'm gonna ask you, 376 00:21:22,800 --> 00:21:27,000 Speaker 1: in honor of tesse Bar to another woman who I'm 377 00:21:27,000 --> 00:21:30,800 Speaker 1: just talking to do right now, Susanne Abert, why in 378 00:21:30,840 --> 00:21:34,800 Speaker 1: the world are we having this problem of the pay 379 00:21:34,880 --> 00:21:40,720 Speaker 1: discrepancy between men and women. Well, Michael, Um, first of all, 380 00:21:41,520 --> 00:21:44,359 Speaker 1: I applaud you for owning up to head story on 381 00:21:44,480 --> 00:21:48,399 Speaker 1: the air. I think that's great. Um. You know, the 382 00:21:48,520 --> 00:21:52,840 Speaker 1: issue really is one of valuation, and you know how 383 00:21:52,920 --> 00:21:59,680 Speaker 1: we value and how you know how sponsors value women's 384 00:21:59,680 --> 00:22:01,960 Speaker 1: sport its first as men's sports, and and there's a 385 00:22:02,040 --> 00:22:05,760 Speaker 1: huge disparity there and it needs to change, quite honestly, 386 00:22:06,320 --> 00:22:10,959 Speaker 1: because what that if you were to look at um, 387 00:22:11,000 --> 00:22:14,440 Speaker 1: you know, viewership, and you were to look at viewership 388 00:22:14,640 --> 00:22:19,400 Speaker 1: for the NHL versus the w UM, you might see 389 00:22:19,400 --> 00:22:24,840 Speaker 1: the viewership is actually very similar, but the sponsorship dollars 390 00:22:24,880 --> 00:22:29,000 Speaker 1: aren't valued the same, and that's just wrong. I think 391 00:22:29,040 --> 00:22:31,200 Speaker 1: if you were to look the w was you know, 392 00:22:31,280 --> 00:22:33,760 Speaker 1: as a league was one of the few leagues last 393 00:22:33,840 --> 00:22:38,520 Speaker 1: year where viewership was actually up during the pandemic. Um 394 00:22:38,600 --> 00:22:42,720 Speaker 1: and so it's we need to do a better job 395 00:22:42,800 --> 00:22:45,239 Speaker 1: in terms of how we sell the league. We need 396 00:22:45,280 --> 00:22:48,640 Speaker 1: to do a better job and how we convinced sponsors that, um, 397 00:22:48,680 --> 00:22:52,080 Speaker 1: you need to look beyond the viewership as well, because 398 00:22:53,160 --> 00:22:55,840 Speaker 1: people are going to want to invest in women. I 399 00:22:55,880 --> 00:23:00,520 Speaker 1: think the tide is turning, and I believe that sponsors 400 00:23:00,520 --> 00:23:04,080 Speaker 1: are gonna want to be involved in what we're doing. 401 00:23:04,720 --> 00:23:07,560 Speaker 1: And so we need to get to a point where 402 00:23:08,000 --> 00:23:11,880 Speaker 1: you know, Forbes released the top ten highest paid athletes 403 00:23:11,920 --> 00:23:14,280 Speaker 1: and there was not one woman in that top ten. 404 00:23:14,960 --> 00:23:17,760 Speaker 1: That needs to change, and that's what we're all about 405 00:23:17,760 --> 00:23:21,159 Speaker 1: when we talk about investing in women. It's about making 406 00:23:21,160 --> 00:23:24,680 Speaker 1: that change. Suzanne, thank you so much. We really really 407 00:23:24,720 --> 00:23:26,960 Speaker 1: appreciate it. We know it's a busy day and as 408 00:23:26,960 --> 00:23:29,160 Speaker 1: you said, new owners have a lot on their plate, 409 00:23:29,200 --> 00:23:31,560 Speaker 1: so we're really glad that you were able to spend 410 00:23:31,560 --> 00:23:33,440 Speaker 1: some time with us. Thank you, Thank you very much 411 00:23:33,440 --> 00:23:36,240 Speaker 1: for having me a pleasure today. Delighted to be speaking 412 00:23:36,280 --> 00:23:40,400 Speaker 1: with a big executive from the Golden State Warriors, Brandon Schneider. 413 00:23:40,440 --> 00:23:43,320 Speaker 1: He is currently the chief revenue Officer. Soon he will 414 00:23:43,359 --> 00:23:47,560 Speaker 1: ascend to be the president and the chief operating officer. Brandon, 415 00:23:47,640 --> 00:23:50,240 Speaker 1: Really nice to have you with us. We're talking at 416 00:23:50,280 --> 00:23:54,200 Speaker 1: this pivotal moment in as always a very interesting season. 417 00:23:54,480 --> 00:23:56,720 Speaker 1: It's been an up and down one on the upswing 418 00:23:57,280 --> 00:23:59,480 Speaker 1: for you guys as you go in. But from where 419 00:23:59,600 --> 00:24:02,960 Speaker 1: you sit, um, what has this season been like from 420 00:24:02,960 --> 00:24:07,359 Speaker 1: a business perspective, It's been like no other. Um, So, 421 00:24:07,480 --> 00:24:09,960 Speaker 1: first of all, thanks for having me on. Super excited 422 00:24:10,000 --> 00:24:12,560 Speaker 1: to talk to you guys. It's been It's been a 423 00:24:12,600 --> 00:24:14,919 Speaker 1: long haul, right. I mean our world came to a 424 00:24:14,920 --> 00:24:16,800 Speaker 1: screeching halt. And when I saw our world, I don't 425 00:24:16,800 --> 00:24:19,240 Speaker 1: mean the orders, I mean all of our world. Um, 426 00:24:19,280 --> 00:24:21,119 Speaker 1: you know last smart and and for the NBA, it 427 00:24:21,240 --> 00:24:24,560 Speaker 1: was when Rudy Gobert tested positive and Adam Silver announced 428 00:24:24,600 --> 00:24:26,879 Speaker 1: we were suspending the season. I think you know, at 429 00:24:26,880 --> 00:24:29,280 Speaker 1: the time, none of us realized how long that would last. 430 00:24:29,320 --> 00:24:31,680 Speaker 1: And you know we've been through been for a lot. 431 00:24:31,720 --> 00:24:34,359 Speaker 1: I think for us. UM. You know, we've we always 432 00:24:34,359 --> 00:24:37,560 Speaker 1: trying to be proactive and innovative and UM, you know, 433 00:24:37,600 --> 00:24:40,080 Speaker 1: realizing what we were dealing with with COVID or our owner, 434 00:24:40,160 --> 00:24:43,040 Speaker 1: Joe lake of actually has a master's degree in epidemiology, 435 00:24:43,320 --> 00:24:46,960 Speaker 1: and so early on we created this task force UM 436 00:24:46,960 --> 00:24:49,600 Speaker 1: focused on how we make Chase Center the safest building 437 00:24:50,040 --> 00:24:53,200 Speaker 1: UH in the world. And we've been focused on testing, testing, 438 00:24:53,240 --> 00:24:55,520 Speaker 1: every stand. So, you know, fast forward to a few 439 00:24:55,560 --> 00:24:59,720 Speaker 1: weeks ago, we finally, UM, we're able to welcome fans 440 00:24:59,720 --> 00:25:02,560 Speaker 1: back to Chase Center. And what's unique is every fan 441 00:25:02,640 --> 00:25:04,120 Speaker 1: that goes we had to say the game last night, 442 00:25:04,440 --> 00:25:06,400 Speaker 1: every fan that steps the Chase Center is either fully 443 00:25:06,480 --> 00:25:10,480 Speaker 1: vaccinated or has returned a negative COVID nineteen tests that 444 00:25:10,520 --> 00:25:13,520 Speaker 1: we provide at our expense within forty eight hours of 445 00:25:13,520 --> 00:25:17,000 Speaker 1: the game. UM. So so that's the the location based 446 00:25:17,080 --> 00:25:19,439 Speaker 1: entertainment aspect of it. UM. And then the other thing 447 00:25:19,440 --> 00:25:21,760 Speaker 1: when you when you ask about our business is you know, 448 00:25:21,840 --> 00:25:23,800 Speaker 1: we we've tried to use this time in a proactive 449 00:25:23,800 --> 00:25:27,159 Speaker 1: way to say, look, um, the world's changing and and 450 00:25:27,160 --> 00:25:29,119 Speaker 1: hopefully we're going to get back to you know, the 451 00:25:29,119 --> 00:25:32,159 Speaker 1: new normal here and not too long with vaccines taking hold. 452 00:25:32,280 --> 00:25:34,280 Speaker 1: But you know, what are things we can do to 453 00:25:34,600 --> 00:25:38,760 Speaker 1: transform our business and engage our fans globally in different ways, um, 454 00:25:38,800 --> 00:25:41,320 Speaker 1: not just now during this COVID period, but things that 455 00:25:41,359 --> 00:25:45,119 Speaker 1: will that will persist, um, you know after COVID's hopefully gone. 456 00:25:45,520 --> 00:25:48,320 Speaker 1: So it's been a it's been a very interesting year 457 00:25:48,359 --> 00:25:51,160 Speaker 1: and we're looking forward to, uh to that post COVID era. 458 00:25:51,760 --> 00:25:53,880 Speaker 1: We have some fun on Monday going through the Forbes 459 00:25:54,240 --> 00:25:57,400 Speaker 1: Top fifty most Valuable sports franchises, and we were all 460 00:25:57,400 --> 00:26:00,880 Speaker 1: talking about we're marveling how you d into the top ten. 461 00:26:00,920 --> 00:26:03,399 Speaker 1: I think was number six, ahead of the Los Angeles Lakers. 462 00:26:03,400 --> 00:26:05,960 Speaker 1: How did you get from there to here? Mike? It's 463 00:26:05,960 --> 00:26:08,480 Speaker 1: a good question. So you know, those those rankings are 464 00:26:08,760 --> 00:26:11,879 Speaker 1: fun for everybody to see, I think because you know, 465 00:26:12,040 --> 00:26:14,720 Speaker 1: these these teams don't change hands very often, and that's 466 00:26:14,720 --> 00:26:16,520 Speaker 1: when you really see the value of a team, right, 467 00:26:16,560 --> 00:26:18,280 Speaker 1: I mean, it's it's really worth what someone's willing to 468 00:26:18,320 --> 00:26:20,600 Speaker 1: pay for it. For us, it's kind of different because 469 00:26:20,760 --> 00:26:23,080 Speaker 1: our owners Joe Lake of Peter Guber and and in 470 00:26:23,200 --> 00:26:26,159 Speaker 1: the group have no intention of ever selling the team, 471 00:26:26,200 --> 00:26:29,639 Speaker 1: So it's it's it's an interesting talking point, but not 472 00:26:29,640 --> 00:26:32,840 Speaker 1: not something we've focused on. UM. You know, I think 473 00:26:32,880 --> 00:26:34,800 Speaker 1: when you when you think about the growth of our 474 00:26:34,840 --> 00:26:37,480 Speaker 1: business over the last you know, ten years, call it UM. 475 00:26:38,080 --> 00:26:40,320 Speaker 1: I think it's it's really you know, it starts with 476 00:26:40,359 --> 00:26:42,920 Speaker 1: a basketball team, right, UM. You know Joe Lake and 477 00:26:43,000 --> 00:26:45,200 Speaker 1: Peters over bought the team November twelve, two thousand and 478 00:26:45,200 --> 00:26:48,679 Speaker 1: ten is counting. UM. I remember the day. I remember 479 00:26:48,720 --> 00:26:51,920 Speaker 1: the day vividly. UM. And that's really when everything changed. 480 00:26:52,200 --> 00:26:54,720 Speaker 1: And as we've built up our basketball team, you know, 481 00:26:54,800 --> 00:26:56,800 Speaker 1: that's that's kind of the first step, right. And when 482 00:26:56,840 --> 00:26:59,200 Speaker 1: we made five straight finals, first team in the NBA 483 00:26:59,240 --> 00:27:01,520 Speaker 1: to do that since Team sixty six, and that was 484 00:27:01,560 --> 00:27:03,800 Speaker 1: the Celtics. Back in those days, there was eight teams 485 00:27:03,880 --> 00:27:06,879 Speaker 1: and obviously they had incredible runs. But you know, in 486 00:27:06,920 --> 00:27:09,680 Speaker 1: this era, it's just really really hard to do. UM. 487 00:27:10,200 --> 00:27:12,920 Speaker 1: The only team, last team in any of the four 488 00:27:12,960 --> 00:27:14,960 Speaker 1: major sports in this country to do it was the 489 00:27:14,960 --> 00:27:18,920 Speaker 1: Islanders in four So it's it was unprecedented and and 490 00:27:18,920 --> 00:27:20,960 Speaker 1: and you know for us, our focus, so we want 491 00:27:20,960 --> 00:27:24,040 Speaker 1: to win championships, of course. I mean, that's that's where 492 00:27:24,040 --> 00:27:25,200 Speaker 1: the God and say words, that's what we want to do. 493 00:27:25,280 --> 00:27:27,639 Speaker 1: It's what sports teams want to do. UM, you know, 494 00:27:27,680 --> 00:27:30,159 Speaker 1: we want to want to engage the community in the 495 00:27:30,280 --> 00:27:32,640 Speaker 1: right way. I mean we you know, we live and 496 00:27:33,040 --> 00:27:35,840 Speaker 1: uh and work and play in the Bay Area. UH. 497 00:27:36,040 --> 00:27:39,440 Speaker 1: Everyone supports us so well, and so we really feel, UM, 498 00:27:39,600 --> 00:27:41,280 Speaker 1: I don't only want to say an obligation that's something 499 00:27:41,320 --> 00:27:43,920 Speaker 1: we want to do, but to to reciprocate and and 500 00:27:43,960 --> 00:27:46,080 Speaker 1: do the do good things to help, you know, people 501 00:27:46,080 --> 00:27:48,000 Speaker 1: in the community, because there is that need, especially now 502 00:27:48,080 --> 00:27:50,480 Speaker 1: during COVID. UH. And then we look at it is 503 00:27:50,680 --> 00:27:52,760 Speaker 1: engaging fans. You know, I've said it a couple of times, 504 00:27:52,800 --> 00:27:55,120 Speaker 1: but that's really the lens that we looked at. And 505 00:27:55,119 --> 00:27:58,440 Speaker 1: and you know, we're location based entertainment. So at Chase Center, 506 00:27:58,640 --> 00:28:00,680 Speaker 1: you know, we invest at two point one billion dollars 507 00:28:00,720 --> 00:28:04,240 Speaker 1: privately financed arena. And it's not just the arena. Chase 508 00:28:04,280 --> 00:28:07,359 Speaker 1: Center sits in Thrive City. UM, it's a twelve acre 509 00:28:07,560 --> 00:28:11,920 Speaker 1: site that we purchased private property, five thousand square feet 510 00:28:11,960 --> 00:28:14,199 Speaker 1: of office. So Ubers building there or is built. They 511 00:28:14,200 --> 00:28:16,520 Speaker 1: have moved in yet. UM. Their the world headquarters in 512 00:28:16,600 --> 00:28:19,879 Speaker 1: Mission Bay. UM. Here in San Francisco, we've got about 513 00:28:19,880 --> 00:28:23,360 Speaker 1: twenty five retail locations that are filling a lot of restaurants. UM. 514 00:28:23,480 --> 00:28:25,760 Speaker 1: So it's it's all part of that experience, so making 515 00:28:25,760 --> 00:28:28,840 Speaker 1: that an incredible experience for our fans. But you know 516 00:28:28,880 --> 00:28:31,520 Speaker 1: the reality is the majority of our fans will never 517 00:28:31,840 --> 00:28:35,240 Speaker 1: go to a live Warriors game because they live in 518 00:28:35,359 --> 00:28:38,120 Speaker 1: the Philippines, or they live in China or Japan or 519 00:28:38,200 --> 00:28:41,200 Speaker 1: you know, pick a country internationally. And so you know, 520 00:28:41,240 --> 00:28:42,840 Speaker 1: we spent a lot of time thinking about how to 521 00:28:43,080 --> 00:28:45,640 Speaker 1: how to engage those fans worldwide, whether that's through you know, 522 00:28:45,720 --> 00:28:48,040 Speaker 1: to stay and age social media um, and a lot 523 00:28:48,080 --> 00:28:50,920 Speaker 1: of other a lot of other avenues. So you know, 524 00:28:50,960 --> 00:28:52,720 Speaker 1: the way we always think about it is if we 525 00:28:52,920 --> 00:28:56,200 Speaker 1: if we do those three things, you know, that's gonna 526 00:28:56,280 --> 00:28:59,800 Speaker 1: that's gonna lead to our business continuing uh to grow. 527 00:29:00,000 --> 00:29:03,320 Speaker 1: So that's that's really um you know, maybe that's oversimplifying it, 528 00:29:03,320 --> 00:29:05,720 Speaker 1: but that's that's how we looked at it. And you know, 529 00:29:05,720 --> 00:29:08,480 Speaker 1: we've been fortunate to have some success and you know, 530 00:29:08,520 --> 00:29:10,400 Speaker 1: now we're thinking about how we how we keep that 531 00:29:10,440 --> 00:29:13,440 Speaker 1: going over the next ten years and beyond. So Brandon, 532 00:29:13,520 --> 00:29:15,680 Speaker 1: let's unpack that a little bit that you gave us 533 00:29:15,680 --> 00:29:17,960 Speaker 1: a lot to chew on there, and and I don't 534 00:29:17,960 --> 00:29:19,520 Speaker 1: want to get too far away from this sort of 535 00:29:19,520 --> 00:29:23,080 Speaker 1: location based element because I know, especially when it comes 536 00:29:23,080 --> 00:29:25,360 Speaker 1: to ticketing, that's something that is near and dear to 537 00:29:25,440 --> 00:29:28,280 Speaker 1: your heart. It is where I believe you started in 538 00:29:28,320 --> 00:29:32,760 Speaker 1: the organization. You guys have been especially sort of around 539 00:29:32,760 --> 00:29:35,760 Speaker 1: the corner, looking around the corner, as it were, Uh, 540 00:29:35,800 --> 00:29:39,400 Speaker 1: in a very very very much in in a leading 541 00:29:39,480 --> 00:29:44,080 Speaker 1: way around ticket sales, around thinking about dynamic pricing. All 542 00:29:44,120 --> 00:29:47,640 Speaker 1: of these different things help us understand how that fits 543 00:29:47,640 --> 00:29:52,040 Speaker 1: into the business of the Warriors. Yeah, and you have 544 00:29:52,080 --> 00:29:54,080 Speaker 1: it right. I started started with the Warriors in two 545 00:29:54,080 --> 00:29:58,120 Speaker 1: thousand two as a as a ticket sales account executive. So, uh, 546 00:29:58,120 --> 00:30:01,360 Speaker 1: ticket sales definitely near and dear in my heart. I um, 547 00:30:01,440 --> 00:30:04,440 Speaker 1: ticket tills are are constantly evolving, and and the way 548 00:30:04,520 --> 00:30:07,520 Speaker 1: tickets are sold and purchased and all those things. I 549 00:30:07,560 --> 00:30:09,920 Speaker 1: think for us, UM, you know, dynamic the move to 550 00:30:10,000 --> 00:30:13,760 Speaker 1: dynamic pricing, uh, was really really important. The other thing 551 00:30:13,840 --> 00:30:15,880 Speaker 1: that it's been a big innovation in the last several 552 00:30:15,960 --> 00:30:18,320 Speaker 1: years is just how the secondary market works. You know, 553 00:30:18,360 --> 00:30:21,240 Speaker 1: when we were when we were kids, the secondary market 554 00:30:21,520 --> 00:30:23,640 Speaker 1: or scalpers, right is what we used to say, was 555 00:30:23,640 --> 00:30:25,680 Speaker 1: was the the guy or or a woman in the 556 00:30:25,680 --> 00:30:28,360 Speaker 1: parking lot that was. You know, you need to um 557 00:30:28,720 --> 00:30:31,360 Speaker 1: that that's what it was. And then you know, StubHub 558 00:30:31,400 --> 00:30:33,920 Speaker 1: was really the first company, um, you know, to to 559 00:30:34,200 --> 00:30:37,760 Speaker 1: start creating this online marketplace and and it's it's evolved 560 00:30:37,760 --> 00:30:39,760 Speaker 1: from there because now you know, like if you buy 561 00:30:39,760 --> 00:30:42,200 Speaker 1: Warriors tickets from StubHub, you're you're taking a huge fraud risk. 562 00:30:42,240 --> 00:30:44,080 Speaker 1: It's not you know, they're not they're not a partner 563 00:30:44,120 --> 00:30:46,240 Speaker 1: of our ticketmasters are partner and we have our own 564 00:30:46,320 --> 00:30:49,000 Speaker 1: verified secondary market site that's totally safe, and that's where 565 00:30:49,280 --> 00:30:53,480 Speaker 1: the vast majority of transactions happened. But I think you 566 00:30:53,480 --> 00:30:55,880 Speaker 1: know what the secondary market has done, and it's kind 567 00:30:55,920 --> 00:30:59,000 Speaker 1: of coincides with the dynamic pricing piece of the question 568 00:30:59,720 --> 00:31:03,200 Speaker 1: is provided transparency on what tickets are really worth because 569 00:31:03,600 --> 00:31:06,360 Speaker 1: we're not we are are no team or no concert. 570 00:31:06,640 --> 00:31:09,120 Speaker 1: You know, rights holder is setting the prices in the 571 00:31:09,120 --> 00:31:11,560 Speaker 1: secondary market. The fans are right, so people can sell 572 00:31:11,600 --> 00:31:14,520 Speaker 1: tickets wherever they want, um and at the price it's 573 00:31:14,520 --> 00:31:16,920 Speaker 1: too high, no one's gonna buy them, um, you know. 574 00:31:16,960 --> 00:31:18,600 Speaker 1: And and then and then you know, the market will 575 00:31:18,640 --> 00:31:21,560 Speaker 1: decide what the what the right prices. So that's important 576 00:31:21,600 --> 00:31:24,040 Speaker 1: for us to understand what what we should be selling 577 00:31:24,120 --> 00:31:27,200 Speaker 1: tickets for. Because here's the reality. If we don't price 578 00:31:27,240 --> 00:31:29,880 Speaker 1: tickets correctly, if we price tickets too high, it's not 579 00:31:29,920 --> 00:31:31,880 Speaker 1: good for our fans in general. But they also won't 580 00:31:31,960 --> 00:31:34,480 Speaker 1: sell um which isn't isn't good for us, and isn't 581 00:31:34,520 --> 00:31:35,960 Speaker 1: good for the team because you don't you don't have 582 00:31:36,040 --> 00:31:38,440 Speaker 1: sold out crowds. You know, we've sold out three seventy 583 00:31:38,480 --> 00:31:40,560 Speaker 1: seven games in a row. We've got incredible fans and 584 00:31:40,600 --> 00:31:42,480 Speaker 1: obviously had a good team as well, but you know, 585 00:31:42,520 --> 00:31:44,800 Speaker 1: they support us even in a season like last year 586 00:31:44,960 --> 00:31:47,760 Speaker 1: when we didn't play as well. UM and so and 587 00:31:47,760 --> 00:31:50,640 Speaker 1: and and if we price tickets too low, Uh, fans 588 00:31:50,720 --> 00:31:53,640 Speaker 1: might say go ahead, great, but but actually that's not 589 00:31:53,680 --> 00:31:55,920 Speaker 1: good either because what happens is if you price tickets 590 00:31:55,960 --> 00:31:58,480 Speaker 1: too low. UH, ticket brokers come in. You know, there's 591 00:31:58,520 --> 00:32:01,080 Speaker 1: professional there's people that are watching this and every market 592 00:32:01,160 --> 00:32:03,520 Speaker 1: and they go, there's an opportunity here. These tickets are 593 00:32:03,560 --> 00:32:05,360 Speaker 1: are too cheap, and they'll buy them all and then 594 00:32:05,360 --> 00:32:08,040 Speaker 1: they'll go sell them on the secondary market for what 595 00:32:08,120 --> 00:32:10,080 Speaker 1: we should have been selling them for. And the issue 596 00:32:10,160 --> 00:32:12,280 Speaker 1: is when we when we sell the tickets. This is 597 00:32:12,280 --> 00:32:14,280 Speaker 1: how we run our business. So that's what enables us 598 00:32:14,280 --> 00:32:16,680 Speaker 1: to compare players and our pay rolls the highest in 599 00:32:16,720 --> 00:32:19,720 Speaker 1: the NBA UM and allows us to build you know, 600 00:32:19,840 --> 00:32:21,960 Speaker 1: Chase Center, I mentioned a two point one billion dollar 601 00:32:22,080 --> 00:32:24,640 Speaker 1: privately financed projects. So we're investing back in the team, 602 00:32:24,960 --> 00:32:27,720 Speaker 1: investing in in in the experience of our fans, whereas 603 00:32:27,800 --> 00:32:31,040 Speaker 1: if if you know, secondary market ticket brokers are are 604 00:32:31,120 --> 00:32:34,000 Speaker 1: are making that that profit that's not getting reinvested in 605 00:32:34,000 --> 00:32:37,120 Speaker 1: the product that people are interested in. UM. And then 606 00:32:37,320 --> 00:32:39,800 Speaker 1: in the pricing is something that's interesting. I think you know, 607 00:32:39,880 --> 00:32:42,600 Speaker 1: early on, people they didn't understand. They thought that's an 608 00:32:42,600 --> 00:32:46,520 Speaker 1: opportunity to raise prices, and in certain circumstances it is. 609 00:32:46,600 --> 00:32:49,640 Speaker 1: But what what variable pricing and dynamic pricing does is 610 00:32:49,680 --> 00:32:53,400 Speaker 1: allows us to better price tickets for for demand for 611 00:32:53,400 --> 00:32:56,080 Speaker 1: that specific game. You know, in the old days, UM 612 00:32:56,200 --> 00:32:59,560 Speaker 1: people priced tickets the same for every game. Well, you know, 613 00:33:00,040 --> 00:33:02,840 Speaker 1: certain days of the week are worth more certain opponents, UM, 614 00:33:02,880 --> 00:33:05,040 Speaker 1: certain times a year. It's no different from you know, 615 00:33:05,080 --> 00:33:06,680 Speaker 1: when you go to buy an airline ticket or you 616 00:33:06,680 --> 00:33:09,440 Speaker 1: go to get a hotel room. You know, times of 617 00:33:09,480 --> 00:33:11,880 Speaker 1: the year, day of the week, those things matter, right, 618 00:33:11,920 --> 00:33:13,400 Speaker 1: I mean, if you want to go to bus Vegas, 619 00:33:13,480 --> 00:33:16,200 Speaker 1: for example, near here on a Wednesday night, you're probably 620 00:33:16,240 --> 00:33:17,800 Speaker 1: gonna get a cheaper hotel room than if you go 621 00:33:17,840 --> 00:33:19,960 Speaker 1: on a Saturday night. Right, Um, there's just more people 622 00:33:19,960 --> 00:33:22,680 Speaker 1: that want to go on Saturday. So when we variably 623 00:33:22,680 --> 00:33:25,800 Speaker 1: priced tickets, what it actually does, we're pricing down more 624 00:33:25,800 --> 00:33:31,000 Speaker 1: tickets than we're pricing up UM because so so more 625 00:33:31,000 --> 00:33:34,960 Speaker 1: tickets are are below the average price than above UM. 626 00:33:35,000 --> 00:33:37,400 Speaker 1: And so what it does is like, if you're it 627 00:33:37,440 --> 00:33:39,520 Speaker 1: allows people to kind of self select what they're looking for. 628 00:33:39,600 --> 00:33:41,800 Speaker 1: If you want the best in the house for the 629 00:33:41,920 --> 00:33:44,280 Speaker 1: Lakers on a Saturday night, like and you want to 630 00:33:44,320 --> 00:33:46,680 Speaker 1: sit on the floor, that's, yeah, that's gonna be an 631 00:33:46,680 --> 00:33:48,960 Speaker 1: expensive ticket. But if you're looking for an affordable ticket 632 00:33:48,960 --> 00:33:51,239 Speaker 1: to a Warrior's game, you could pick a Tuesday night 633 00:33:51,360 --> 00:33:53,560 Speaker 1: or Wednesday night and take a you know, a less 634 00:33:53,560 --> 00:33:56,160 Speaker 1: popular opponents, someone who's having a tough year, and maybe 635 00:33:56,160 --> 00:33:58,200 Speaker 1: sit you know a little bit farther from the court 636 00:33:58,800 --> 00:34:00,640 Speaker 1: and you're able to get a good price. That that's 637 00:34:00,920 --> 00:34:02,880 Speaker 1: we actually think of it as being a really the 638 00:34:02,920 --> 00:34:04,640 Speaker 1: goal is supports to be a really fan friendly thing 639 00:34:04,680 --> 00:34:06,800 Speaker 1: that allows people to to kind of get what they're 640 00:34:06,800 --> 00:34:09,400 Speaker 1: looking for. I want to go back to something you 641 00:34:09,440 --> 00:34:12,720 Speaker 1: mentioned the Chase Center UH complex. It is the first 642 00:34:12,760 --> 00:34:18,319 Speaker 1: privately financed modern sports arena, and that's important because it 643 00:34:18,440 --> 00:34:21,960 Speaker 1: changes the landscape on how a sports team, if they 644 00:34:22,000 --> 00:34:25,200 Speaker 1: want to build a complex, how they would raise revenue 645 00:34:25,239 --> 00:34:27,680 Speaker 1: for money. Back in the day, if you wanted to 646 00:34:27,760 --> 00:34:30,120 Speaker 1: raise revenue, okay, the owner would put up some of 647 00:34:30,120 --> 00:34:32,640 Speaker 1: the money and then make a big pitch to the 648 00:34:32,719 --> 00:34:37,240 Speaker 1: taxpayers on why chipping in is going to help. Has 649 00:34:37,360 --> 00:34:41,400 Speaker 1: this changed the landscape on how sports arenas are now 650 00:34:41,560 --> 00:34:47,239 Speaker 1: being built? Yeah, that's a really good question. Um, you know, 651 00:34:47,280 --> 00:34:50,440 Speaker 1: I think time will telp. I do think, you know, 652 00:34:50,480 --> 00:34:52,840 Speaker 1: and you do have certain you know, there's there's different 653 00:34:52,920 --> 00:34:55,719 Speaker 1: variables in every situation, right, so I think you still 654 00:34:55,760 --> 00:34:59,240 Speaker 1: have um cities in America where they are using taxpayer 655 00:34:59,320 --> 00:35:02,040 Speaker 1: dollars to help you know, sports teams build build arenas 656 00:35:02,040 --> 00:35:03,960 Speaker 1: and stadiums, and and you know, I think that the 657 00:35:03,960 --> 00:35:07,520 Speaker 1: the the idea is, we provide so much um, you know, 658 00:35:07,560 --> 00:35:10,959 Speaker 1: economic opportunity to the regions where we play, and so 659 00:35:11,080 --> 00:35:13,040 Speaker 1: you know, people smarter than me have to look at 660 00:35:13,040 --> 00:35:15,239 Speaker 1: the numbers to see how it all fits together. What 661 00:35:15,320 --> 00:35:19,640 Speaker 1: I will say is that by creating a district. You know, 662 00:35:19,719 --> 00:35:22,480 Speaker 1: something that's more than you can't see me but air 663 00:35:22,560 --> 00:35:26,000 Speaker 1: quotes right, more than just an arena UM and having 664 00:35:26,160 --> 00:35:29,440 Speaker 1: having the real estate and having you know, supporting retail 665 00:35:29,680 --> 00:35:33,440 Speaker 1: and office. You know, this multi use development, I do 666 00:35:33,560 --> 00:35:35,839 Speaker 1: think is something that you have seen and will see 667 00:35:35,880 --> 00:35:39,640 Speaker 1: more and more um, just to have more diverse revenue 668 00:35:39,640 --> 00:35:42,480 Speaker 1: streams to make these projects pencil out. UM. So I 669 00:35:42,760 --> 00:35:45,160 Speaker 1: do think, you know, look, the world we live in evolving, 670 00:35:45,239 --> 00:35:47,640 Speaker 1: especially over the last year, so these things will continue 671 00:35:47,640 --> 00:35:51,000 Speaker 1: to change. But I think, you know, having different ways 672 00:35:51,080 --> 00:35:54,160 Speaker 1: to um, you know, to make the financing work, to 673 00:35:54,200 --> 00:35:56,680 Speaker 1: be able to support building, you know, making the investment 674 00:35:56,680 --> 00:35:59,440 Speaker 1: to build arenas and stadiums. UM. I do think that's 675 00:35:59,440 --> 00:36:01,279 Speaker 1: the trend that you're gonna you're going to continue to see. 676 00:36:01,560 --> 00:36:06,279 Speaker 1: Talk about the financial pressures and expectations of being so successful. 677 00:36:06,560 --> 00:36:09,760 Speaker 1: The pressure for us really is to continue to innovate 678 00:36:10,000 --> 00:36:12,719 Speaker 1: and and do right by our fans. UM. You know, 679 00:36:12,760 --> 00:36:15,120 Speaker 1: we be in the bear. There's a lot of different 680 00:36:15,160 --> 00:36:18,520 Speaker 1: entertainment options and a lot of different sports teams, and 681 00:36:18,600 --> 00:36:20,680 Speaker 1: quite frankly, you know, sometimes you're the victim of your 682 00:36:20,680 --> 00:36:22,600 Speaker 1: own success. Where you know, we've had so many good 683 00:36:22,680 --> 00:36:25,960 Speaker 1: years in the court. Our fans have expectations and they should, um, 684 00:36:26,000 --> 00:36:27,799 Speaker 1: you know, the way that they support our team, and 685 00:36:28,160 --> 00:36:30,840 Speaker 1: you know, they they expect and really want to have 686 00:36:30,920 --> 00:36:32,880 Speaker 1: a great, you know, great team, but also a compelling 687 00:36:32,920 --> 00:36:35,120 Speaker 1: team and a team full of players that you know, 688 00:36:35,160 --> 00:36:37,840 Speaker 1: with character that they can really get behind, which is 689 00:36:37,840 --> 00:36:39,840 Speaker 1: one of the great things about our team, you know, 690 00:36:39,880 --> 00:36:43,000 Speaker 1: led by Stephan Curse. You know, the best compliment I 691 00:36:43,000 --> 00:36:45,480 Speaker 1: think I give Stephan Curry is he is a better 692 00:36:45,719 --> 00:36:49,239 Speaker 1: person than he is a basketball player. Um. And this 693 00:36:49,400 --> 00:36:52,880 Speaker 1: just in he's pretty good at basketball too, Um, you 694 00:36:52,880 --> 00:36:55,000 Speaker 1: know so. But but but but that's really how we 695 00:36:55,040 --> 00:36:57,600 Speaker 1: look at it, is like if we if we do 696 00:36:57,680 --> 00:37:00,719 Speaker 1: the right things right, if we're if we're successful on 697 00:37:00,760 --> 00:37:02,720 Speaker 1: the court, overall, you're always gonna have ads and flows 698 00:37:02,719 --> 00:37:04,440 Speaker 1: and sports. That's just a nature of it. That's what 699 00:37:04,600 --> 00:37:07,600 Speaker 1: That's what keeps us all compelled, right is you know, 700 00:37:07,640 --> 00:37:09,160 Speaker 1: you never know what's going to happen. It's the best 701 00:37:09,200 --> 00:37:11,480 Speaker 1: reality TV, so that's always gonna happen. Flow. But what 702 00:37:11,520 --> 00:37:13,560 Speaker 1: we're always non work hard to be great. We're gonna 703 00:37:13,600 --> 00:37:16,680 Speaker 1: do great things in the community, and uh, and we're 704 00:37:16,719 --> 00:37:19,360 Speaker 1: always going to think about new innovative ways to engage 705 00:37:19,360 --> 00:37:21,200 Speaker 1: with our fans and treat our fans the right way. 706 00:37:21,239 --> 00:37:24,719 Speaker 1: I think, you know what one is. I've been with 707 00:37:24,760 --> 00:37:27,560 Speaker 1: the Warriors since two thousand two and in my early days, 708 00:37:27,640 --> 00:37:30,120 Speaker 1: and people forget this right because everyone it's what have 709 00:37:30,160 --> 00:37:31,759 Speaker 1: you done for me lately? So everyone thinks of us 710 00:37:31,760 --> 00:37:33,960 Speaker 1: as being this incredible team, which we have been. We're 711 00:37:34,040 --> 00:37:36,760 Speaker 1: fortunate that way. But when when I started with the Warriors, 712 00:37:36,760 --> 00:37:38,239 Speaker 1: we were in the middle of an eight team year 713 00:37:38,280 --> 00:37:41,680 Speaker 1: stand where we made the playoffs one time. And so 714 00:37:41,680 --> 00:37:43,600 Speaker 1: so the reason I bring that up is like when 715 00:37:43,600 --> 00:37:45,320 Speaker 1: I was growing up with the team and we're talking 716 00:37:45,320 --> 00:37:46,960 Speaker 1: to ticket holders, and of course when the team is 717 00:37:47,000 --> 00:37:49,480 Speaker 1: not winning, you know, the hot dogs are co aren't 718 00:37:49,480 --> 00:37:51,480 Speaker 1: as hot, and the beer is not as cold, and 719 00:37:51,800 --> 00:37:53,799 Speaker 1: you know, there's you just tend to kind of be 720 00:37:53,880 --> 00:37:56,680 Speaker 1: more critical of other aspects of the experience. And so 721 00:37:56,719 --> 00:37:58,799 Speaker 1: we just learned like we really had to do everything 722 00:37:58,800 --> 00:38:01,160 Speaker 1: we could. We couldn't lose one cust because you know, 723 00:38:01,160 --> 00:38:04,120 Speaker 1: there wasn't someone else waiting to to replace that person, 724 00:38:04,600 --> 00:38:06,720 Speaker 1: you know, and today, you know, we've got forty thousand 725 00:38:06,760 --> 00:38:08,640 Speaker 1: people in our season ticket wait list. So in theory, 726 00:38:08,640 --> 00:38:11,640 Speaker 1: if someone is not happy, you know whatever, it's like, okay, 727 00:38:11,680 --> 00:38:13,880 Speaker 1: well that's you know, I feel badly, but we have 728 00:38:13,920 --> 00:38:16,279 Speaker 1: somebody else. But that's just not the tact we would 729 00:38:16,280 --> 00:38:18,440 Speaker 1: ever take. Like we we value every single one of 730 00:38:18,440 --> 00:38:20,560 Speaker 1: our fans and every single one of our season ticket members. 731 00:38:21,080 --> 00:38:23,200 Speaker 1: And and I think that was born I mean, it's 732 00:38:23,200 --> 00:38:24,719 Speaker 1: the right thing to do, right, right, but it was 733 00:38:24,760 --> 00:38:27,840 Speaker 1: also born in in that earlier era where you know, 734 00:38:27,880 --> 00:38:30,440 Speaker 1: we really had to take that tact because that's just 735 00:38:30,520 --> 00:38:32,560 Speaker 1: that's just where we were as an organization. And and 736 00:38:32,600 --> 00:38:36,520 Speaker 1: so we've continued a lot of those principles UM into today. 737 00:38:36,640 --> 00:38:38,880 Speaker 1: So that's that's really what we focused on. If we 738 00:38:38,960 --> 00:38:41,160 Speaker 1: if we create that experience in Chase Center, was it 739 00:38:41,280 --> 00:38:43,560 Speaker 1: is the biggest investment you can make um towards that 740 00:38:43,680 --> 00:38:46,840 Speaker 1: right where you know, it's you know, the established arena 741 00:38:46,840 --> 00:38:48,840 Speaker 1: that I compared to is like a Madison Square Garden 742 00:38:48,920 --> 00:38:51,439 Speaker 1: in New York where you know, like the Knicks haven't 743 00:38:51,440 --> 00:38:52,960 Speaker 1: been good until this year by the way, they're they're 744 00:38:52,960 --> 00:38:55,840 Speaker 1: playing really well, um, but people want to go to 745 00:38:55,880 --> 00:38:58,960 Speaker 1: Madison Square Garden. It's it's the mystique of MSG and 746 00:38:58,960 --> 00:39:01,080 Speaker 1: and and they create a great experience there, you know, 747 00:39:01,120 --> 00:39:03,440 Speaker 1: we people say, well, as Chase Center going to be 748 00:39:03,440 --> 00:39:05,839 Speaker 1: the Madison Square Garden of the West Coast, and our 749 00:39:05,920 --> 00:39:08,239 Speaker 1: jokes has that eventually we're not. We're not Mary yet, 750 00:39:08,239 --> 00:39:10,440 Speaker 1: we're brand new. We've actually been closed longer than we 751 00:39:10,440 --> 00:39:12,719 Speaker 1: were open, which we hate to say, but you know, 752 00:39:12,760 --> 00:39:15,360 Speaker 1: we were opened six months and then COVID hit um. 753 00:39:15,400 --> 00:39:17,239 Speaker 1: But we want eventually Madison Square Garden to be the 754 00:39:17,320 --> 00:39:20,439 Speaker 1: Chase Center of the East coast. Spoken like a true 755 00:39:20,480 --> 00:39:25,120 Speaker 1: San Francisco guy, I love it, um so so Brandon. 756 00:39:25,400 --> 00:39:29,239 Speaker 1: You know, it's interesting thinking about the the economics of 757 00:39:29,239 --> 00:39:31,600 Speaker 1: of this sport and in this league. I mean, you've 758 00:39:31,600 --> 00:39:34,680 Speaker 1: had a front row seat, to say the least, uh 759 00:39:34,920 --> 00:39:37,440 Speaker 1: for the growth of this league, and part of it. 760 00:39:37,520 --> 00:39:40,399 Speaker 1: You alluded to the payroll that that you guys have, 761 00:39:41,000 --> 00:39:44,800 Speaker 1: the economics of the players, the economics of player movement. 762 00:39:44,960 --> 00:39:48,239 Speaker 1: In many ways, I feel like the NBA is now 763 00:39:48,280 --> 00:39:54,279 Speaker 1: on the forefront of just this incredible dynamism when it 764 00:39:54,360 --> 00:39:57,920 Speaker 1: comes to players moving around. You guys obviously have been 765 00:39:58,000 --> 00:40:02,400 Speaker 1: very fortunate to have some stalwart players who also happened 766 00:40:02,400 --> 00:40:04,040 Speaker 1: to be some of the best in the game, leading 767 00:40:04,080 --> 00:40:06,759 Speaker 1: to some real success in the court. But you've also 768 00:40:06,840 --> 00:40:09,439 Speaker 1: had some other players, you know, move in and out, 769 00:40:09,880 --> 00:40:12,560 Speaker 1: most notably a guy who you know plays across the 770 00:40:12,640 --> 00:40:15,880 Speaker 1: river from us in Brooklyn. Right now, UM, talk to 771 00:40:15,960 --> 00:40:20,320 Speaker 1: us about how that affects the business of of running 772 00:40:20,360 --> 00:40:24,040 Speaker 1: a team. That sort of dynamism and players moving the 773 00:40:24,040 --> 00:40:28,799 Speaker 1: way that they do in today's NBA. Yeah, I think 774 00:40:28,920 --> 00:40:32,520 Speaker 1: the phenomenon that you described, um, is one of the 775 00:40:32,560 --> 00:40:36,320 Speaker 1: things that makes the game more and more popular. Um. 776 00:40:36,360 --> 00:40:38,640 Speaker 1: You know, I think you know, when you're in a 777 00:40:38,640 --> 00:40:42,319 Speaker 1: situation where you know, players don't move, it's hard for 778 00:40:42,520 --> 00:40:45,160 Speaker 1: teams to get better, right. UM. You know, if you're 779 00:40:45,200 --> 00:40:47,200 Speaker 1: kind of stuck with the hand that you're dealt and 780 00:40:47,400 --> 00:40:49,120 Speaker 1: you know you have one avenue to grow, which is 781 00:40:49,560 --> 00:40:52,000 Speaker 1: you know, really the draft, which is a great avenue, 782 00:40:52,000 --> 00:40:54,360 Speaker 1: by the way, really really really important avenue, um, to 783 00:40:54,400 --> 00:40:57,080 Speaker 1: improve your team. Um. You know, we're we have our 784 00:40:57,160 --> 00:41:00,040 Speaker 1: our own pick this upcoming year, and we've been a 785 00:41:00,080 --> 00:41:02,880 Speaker 1: sort of timber Wolves pick. Uh. It's top three protected, 786 00:41:02,960 --> 00:41:04,440 Speaker 1: so thin up the top three. We don't have it, 787 00:41:04,480 --> 00:41:06,200 Speaker 1: but we should have two really good draft picks, which 788 00:41:06,280 --> 00:41:09,279 Speaker 1: we're excited about. But I think it just creates I mean, 789 00:41:09,400 --> 00:41:12,759 Speaker 1: like you know, for basketball teams, the off season and 790 00:41:12,920 --> 00:41:15,359 Speaker 1: for some people is even more exciting, I don't say 791 00:41:15,400 --> 00:41:18,120 Speaker 1: more exciting, but as exciting as the season. Right when 792 00:41:18,120 --> 00:41:20,080 Speaker 1: people get when you get into free agency and people 793 00:41:20,080 --> 00:41:22,120 Speaker 1: are like, where is player X going and where there's 794 00:41:22,160 --> 00:41:25,560 Speaker 1: player why going? Um, I just think it creates so 795 00:41:25,680 --> 00:41:28,120 Speaker 1: much interest and hope, right for all these teams. I mean, 796 00:41:28,360 --> 00:41:30,200 Speaker 1: look at look at the team, the team you alluded 797 00:41:30,200 --> 00:41:32,560 Speaker 1: to in Brooklyn, Um, look at what they've done to 798 00:41:33,000 --> 00:41:36,000 Speaker 1: transform their team in a short period of time. Um, 799 00:41:36,239 --> 00:41:39,200 Speaker 1: it's awesome, Like as a as an NBA fan, you know, 800 00:41:39,239 --> 00:41:41,920 Speaker 1: and where we look forward to, uh you know hopefully, 801 00:41:41,920 --> 00:41:43,960 Speaker 1: well we'll see them this year in the playoffs. But 802 00:41:44,000 --> 00:41:45,760 Speaker 1: even as we look ahead and we get Clay Thompson 803 00:41:45,840 --> 00:41:47,960 Speaker 1: back and we continue to get better, you know, we 804 00:41:48,280 --> 00:41:50,440 Speaker 1: love the opportunity compete with teams like that. But but 805 00:41:50,520 --> 00:41:53,160 Speaker 1: I think that that that player movement makes just makes 806 00:41:53,200 --> 00:41:55,359 Speaker 1: it that much more compelling for fans. And the other 807 00:41:55,400 --> 00:41:58,000 Speaker 1: thing I'd say, you know, we, like everybody else, are 808 00:41:58,000 --> 00:42:01,080 Speaker 1: always looking for a competitive advantage. Right. So you mentioned 809 00:42:01,200 --> 00:42:03,360 Speaker 1: us having some players you know that were homegrown and 810 00:42:03,400 --> 00:42:05,960 Speaker 1: have been loyal, you know, Stetor Curry, m Draymond Green, 811 00:42:06,040 --> 00:42:09,040 Speaker 1: Clay Thompson. We drafted all three guys, uh, and they've 812 00:42:09,040 --> 00:42:10,920 Speaker 1: all been here their entire career, which is which is 813 00:42:10,960 --> 00:42:14,359 Speaker 1: pretty unique. And UM, you know it's it's incumbent upon 814 00:42:14,480 --> 00:42:17,040 Speaker 1: us to do the things so that players want to 815 00:42:17,080 --> 00:42:19,239 Speaker 1: play here. UM. You know, we're fortunate to be in 816 00:42:19,280 --> 00:42:21,960 Speaker 1: the bar areas. So I'm biased because I'm born here 817 00:42:22,080 --> 00:42:24,200 Speaker 1: in the bar and love it here. But but that's 818 00:42:24,280 --> 00:42:26,000 Speaker 1: you know, that only goes so far. It's how you 819 00:42:26,080 --> 00:42:28,879 Speaker 1: treat players as part of the organization, right, every piece 820 00:42:28,920 --> 00:42:30,840 Speaker 1: of it. UM, you know, to say that they have 821 00:42:31,200 --> 00:42:35,760 Speaker 1: like you know, we're we just haven't strict our our jerseys, 822 00:42:35,800 --> 00:42:38,719 Speaker 1: what jerseys we're gonna wear for for playoff games. We 823 00:42:38,840 --> 00:42:40,520 Speaker 1: talked to the players about that. I don't know to 824 00:42:40,600 --> 00:42:42,239 Speaker 1: other teams do that, I don't know, maybe maybe not, 825 00:42:42,320 --> 00:42:44,200 Speaker 1: but they care and and they're an important part of 826 00:42:44,200 --> 00:42:46,239 Speaker 1: who we are. UM. It's and it's part of our 827 00:42:46,320 --> 00:42:48,239 Speaker 1: d n A. And it wasn't always like this, UM 828 00:42:48,360 --> 00:42:49,560 Speaker 1: with the Warriors, and I know it's not like this 829 00:42:49,640 --> 00:42:53,239 Speaker 1: with other teams. But our business and basketball organizations UM 830 00:42:53,719 --> 00:42:56,160 Speaker 1: work really closely together. You know, we we everyone has 831 00:42:56,200 --> 00:42:58,560 Speaker 1: their own job, every department has their own job. But 832 00:42:58,680 --> 00:43:00,759 Speaker 1: we all worked for the same team and so we 833 00:43:00,920 --> 00:43:04,799 Speaker 1: we just think there's incredible synergies um by having those 834 00:43:04,840 --> 00:43:08,400 Speaker 1: relationships even all the way to the players. So you know, 835 00:43:08,520 --> 00:43:11,520 Speaker 1: creating creating an environment where this is where players want 836 00:43:11,560 --> 00:43:15,440 Speaker 1: to be, I think is really important and creates you know, 837 00:43:15,520 --> 00:43:18,120 Speaker 1: that competitive advantage. You know you mentioned you're you're alluding 838 00:43:18,160 --> 00:43:21,960 Speaker 1: to Mr durand you know, we we we were so 839 00:43:22,080 --> 00:43:24,080 Speaker 1: grateful for the time you know, he was here. He 840 00:43:24,200 --> 00:43:27,360 Speaker 1: was here three years, we won two championships and you 841 00:43:27,440 --> 00:43:30,200 Speaker 1: know what, I felt just short against Toronto when you know, 842 00:43:30,280 --> 00:43:32,520 Speaker 1: unfortunately he got hurt and Clay got hurt and then 843 00:43:32,560 --> 00:43:34,360 Speaker 1: looked take nothing away from the Raptors. They had a 844 00:43:34,400 --> 00:43:37,479 Speaker 1: great team. But we had three incredible years with Kevin 845 00:43:37,520 --> 00:43:39,439 Speaker 1: and obviously you know, would have loved if he would 846 00:43:39,480 --> 00:43:41,520 Speaker 1: have stayed. But at the end of the day, gosh, 847 00:43:41,560 --> 00:43:44,120 Speaker 1: it was like, I'll never forget, We'll never forget the 848 00:43:44,200 --> 00:43:47,040 Speaker 1: time that you was here and h We'll look we'll 849 00:43:47,080 --> 00:43:50,000 Speaker 1: look forward to uh to hopefully planned against him in 850 00:43:50,040 --> 00:43:54,000 Speaker 1: the finals this year, next year, sometime very soon. I 851 00:43:54,080 --> 00:43:57,640 Speaker 1: want to give a shout out to Rick Welts. You 852 00:43:57,800 --> 00:44:03,040 Speaker 1: are replacing him as the chief operating officer. You're going 853 00:44:03,080 --> 00:44:06,279 Speaker 1: from chief revenue officer, the chief operating officer of the 854 00:44:06,400 --> 00:44:11,120 Speaker 1: team and the mess the man you are replacing, and 855 00:44:11,520 --> 00:44:14,600 Speaker 1: Rick Welts Uh, if you can just comment on him 856 00:44:14,640 --> 00:44:17,719 Speaker 1: a bit, I mean, without him, we probably wouldn't have 857 00:44:17,760 --> 00:44:20,480 Speaker 1: had the w n B A or the All Star 858 00:44:20,640 --> 00:44:26,600 Speaker 1: Weekend in the NBA. Can you expand more about Rick Waltz, Well, 859 00:44:27,040 --> 00:44:29,760 Speaker 1: I have to invent one thing. You said. You mentioned 860 00:44:29,800 --> 00:44:32,600 Speaker 1: that I would be replacing Rick Walts. I guess technically 861 00:44:32,680 --> 00:44:35,160 Speaker 1: that's true. But nobody can replace Rick Wealts. I read. 862 00:44:35,239 --> 00:44:36,960 Speaker 1: I read a bunch of articles people talking about big 863 00:44:37,000 --> 00:44:39,319 Speaker 1: shoes to fill, and I said, Luckily, we have an 864 00:44:39,320 --> 00:44:43,200 Speaker 1: incredible team because I think collectively, you know, we'll we'll 865 00:44:43,239 --> 00:44:44,839 Speaker 1: be able to We'll be able to fill the shoes 866 00:44:44,880 --> 00:44:47,880 Speaker 1: and continue the legacy. But no one person can replace 867 00:44:47,880 --> 00:44:51,200 Speaker 1: the heat. Look, he's he's an incredible guy. You know, 868 00:44:51,239 --> 00:44:53,680 Speaker 1: he's spend with us ten years, was president of Phoenix 869 00:44:53,719 --> 00:44:55,879 Speaker 1: Suns before that, and before that was one of David 870 00:44:55,920 --> 00:44:59,600 Speaker 1: Stern's right hands at the NBA, was there for seventeen years. Um, 871 00:45:00,160 --> 00:45:03,320 Speaker 1: he's Um, it's so hard. It's like, you know, do 872 00:45:03,360 --> 00:45:06,120 Speaker 1: you have how long do you have to have this conversation, right. Um, 873 00:45:06,600 --> 00:45:08,880 Speaker 1: you know, he's somebody we're so lucky to have had 874 00:45:08,960 --> 00:45:10,759 Speaker 1: leading the way and for me personally just as a 875 00:45:10,800 --> 00:45:13,640 Speaker 1: mentor and someone I've worked really closely with my entire tenure, 876 00:45:13,680 --> 00:45:17,560 Speaker 1: but specifically specifically the last three or four years. And um, 877 00:45:17,680 --> 00:45:19,920 Speaker 1: he's one of those people that you know, he knows everybody. 878 00:45:19,960 --> 00:45:22,160 Speaker 1: I've never heard anyone saying negative thing about Rick Weltz 879 00:45:22,960 --> 00:45:24,880 Speaker 1: and uh, you know it sounds like you like, you know, 880 00:45:24,960 --> 00:45:26,719 Speaker 1: you're a good person and you treat people well, but 881 00:45:26,800 --> 00:45:29,360 Speaker 1: it's just you know, you get negotiations and you know, 882 00:45:29,480 --> 00:45:31,239 Speaker 1: there's just a lot of things that happen over time, 883 00:45:31,320 --> 00:45:33,640 Speaker 1: and he just does everything with grace. So you know, 884 00:45:33,680 --> 00:45:36,520 Speaker 1: I've I've just taken time to just watch everything against 885 00:45:36,560 --> 00:45:37,960 Speaker 1: people like what do you learned from Rink? And I'm 886 00:45:37,960 --> 00:45:40,839 Speaker 1: like everything, you know, I I just watch how how 887 00:45:40,920 --> 00:45:43,759 Speaker 1: he leads right and how he hires the right people 888 00:45:43,760 --> 00:45:46,759 Speaker 1: and enables us myself included, to do our jobs. And 889 00:45:46,800 --> 00:45:49,239 Speaker 1: he's there to support and and he's certainly engaged and 890 00:45:49,480 --> 00:45:52,520 Speaker 1: and knows the business really well. But understand, you know, 891 00:45:52,560 --> 00:45:54,520 Speaker 1: if he has to do everything and make every decision, 892 00:45:55,040 --> 00:45:56,759 Speaker 1: it's probably not the most efficient way for us to 893 00:45:56,800 --> 00:45:59,800 Speaker 1: be successful. Um. You know you mentioned some of his 894 00:46:00,120 --> 00:46:03,000 Speaker 1: innovations with with creating All Star Weekend and the w 895 00:46:03,160 --> 00:46:05,640 Speaker 1: NBA is behind the marketing campaign for the original Dream 896 00:46:05,680 --> 00:46:07,799 Speaker 1: Team too, and that's the other one of the other 897 00:46:07,840 --> 00:46:10,600 Speaker 1: big ones. But his you know, just the the culture 898 00:46:10,640 --> 00:46:12,960 Speaker 1: that he's helped to create, um here with the Warriors. 899 00:46:13,000 --> 00:46:15,840 Speaker 1: I mean, it's it's um, it's going to be emotional. 900 00:46:15,880 --> 00:46:17,279 Speaker 1: I mean, you show another couple of months and he 901 00:46:17,360 --> 00:46:19,360 Speaker 1: and I talk often. I mean, I'll you know, so 902 00:46:19,440 --> 00:46:22,680 Speaker 1: I I just you know, it's it's it's incredible and 903 00:46:22,840 --> 00:46:24,960 Speaker 1: and you know, he might I was joking with him 904 00:46:25,000 --> 00:46:26,400 Speaker 1: because you know, you read some of the articles that 905 00:46:26,480 --> 00:46:28,239 Speaker 1: have come out since he announced that he was he 906 00:46:28,360 --> 00:46:31,920 Speaker 1: was stepping away, and I just was like, it's I 907 00:46:32,000 --> 00:46:33,799 Speaker 1: was like, how it's kind of an incredible feeling, Rick, 908 00:46:33,880 --> 00:46:36,520 Speaker 1: because these are the kinds of things that people don't 909 00:46:36,719 --> 00:46:40,120 Speaker 1: usually get to read about themselves, right, UM, like just 910 00:46:40,520 --> 00:46:43,440 Speaker 1: talking about his career and what an incredible guy he's 911 00:46:43,480 --> 00:46:45,440 Speaker 1: been in all the accolades and everything he's done. But 912 00:46:45,600 --> 00:46:49,400 Speaker 1: I just, uh, he's an unbelievable guy. And and you know, 913 00:46:49,480 --> 00:46:53,040 Speaker 1: someone I'm I'm fortunate. He and I'll be friends forever, 914 00:46:53,560 --> 00:46:56,120 Speaker 1: but I I and we are so grateful for everything 915 00:46:56,160 --> 00:46:58,120 Speaker 1: he's done, not only for the Golden State Warriors, but 916 00:46:58,280 --> 00:47:00,719 Speaker 1: for for the NBA, for for sports. Brandon. We had 917 00:47:00,760 --> 00:47:03,480 Speaker 1: Todd Lewicki on last week and he's obviously very excited 918 00:47:03,480 --> 00:47:06,040 Speaker 1: about having the Crack and open up the NHL season 919 00:47:06,080 --> 00:47:08,400 Speaker 1: as an expansion team, but he made no secret that 920 00:47:08,480 --> 00:47:12,879 Speaker 1: he really coveted a partner with an NBA franchise. You've 921 00:47:12,880 --> 00:47:14,640 Speaker 1: got an NBA team in your arena. Would that be 922 00:47:14,719 --> 00:47:16,760 Speaker 1: the giant piece of the puzzle for you to someday 923 00:47:16,800 --> 00:47:19,480 Speaker 1: get a National Hockey League team? Yeah, That's It's interesting. 924 00:47:19,920 --> 00:47:23,600 Speaker 1: M We we kick around, Um, you know, a lot 925 00:47:23,640 --> 00:47:27,759 Speaker 1: of ideas on on you know, where our organization will go. Um. 926 00:47:28,160 --> 00:47:30,560 Speaker 1: You know, Joe Lake, of our owner, likes to say 927 00:47:30,960 --> 00:47:34,360 Speaker 1: Disney started as a theme part um, which is you know, 928 00:47:34,600 --> 00:47:37,120 Speaker 1: and you think about what Disney has become today. Um. 929 00:47:37,320 --> 00:47:39,439 Speaker 1: So we we talked about a lot of different ways 930 00:47:39,480 --> 00:47:42,239 Speaker 1: that our organization is going to evolve and grow, you know, 931 00:47:42,280 --> 00:47:45,080 Speaker 1: in the next ten to team twenty years. Um. And 932 00:47:45,320 --> 00:47:48,680 Speaker 1: and you know, potentially being involved with another sports property 933 00:47:48,760 --> 00:47:51,000 Speaker 1: or other sports properties plural you know, we've got a 934 00:47:51,040 --> 00:47:52,920 Speaker 1: G League team, we've got the sports team, so we've 935 00:47:52,960 --> 00:47:56,239 Speaker 1: got other things, um in the mix already I think 936 00:47:56,560 --> 00:47:58,840 Speaker 1: could be a possibility. Um, I don't. I don't know 937 00:47:58,920 --> 00:48:01,000 Speaker 1: that there's any specific seeing piece, but I think we're 938 00:48:01,080 --> 00:48:05,680 Speaker 1: constantly evaluating, you know, opportunities and things that could make sense, 939 00:48:06,000 --> 00:48:08,080 Speaker 1: you know, and um as we as we continue to 940 00:48:08,120 --> 00:48:10,959 Speaker 1: move forward. So Brandon, before we let you go, gotta 941 00:48:11,480 --> 00:48:15,280 Speaker 1: shift to one more sport, which is Major League Soccer 942 00:48:15,400 --> 00:48:17,839 Speaker 1: and and the business of football, especially in Europe, has 943 00:48:17,920 --> 00:48:21,160 Speaker 1: drawn a lot of headlines and a lot of uh 944 00:48:21,600 --> 00:48:23,880 Speaker 1: sturm and drag as it were, from folks like us, 945 00:48:23,960 --> 00:48:27,480 Speaker 1: and and certainly a lot from from the fans. From 946 00:48:27,560 --> 00:48:30,480 Speaker 1: where you sit as an owner of l a f C. 947 00:48:30,800 --> 00:48:34,200 Speaker 1: And your devotion to that team and watching that sport grow. 948 00:48:34,760 --> 00:48:38,200 Speaker 1: What's the what's the state briefly of of soccer slash 949 00:48:38,239 --> 00:48:41,080 Speaker 1: football as you see it? I think, um, you know, 950 00:48:41,400 --> 00:48:45,399 Speaker 1: soccer football in this country, Um, the future is so bright. Um, 951 00:48:45,640 --> 00:48:47,920 Speaker 1: you know it's and being involved with l AFC, I've 952 00:48:47,920 --> 00:48:50,320 Speaker 1: seen it first and I grew up um playing soccer 953 00:48:50,400 --> 00:48:53,040 Speaker 1: and and and as we all know, um, you know, 954 00:48:53,120 --> 00:48:55,799 Speaker 1: in this country, when you say football. People don't think 955 00:48:55,840 --> 00:48:58,880 Speaker 1: of football that we're talking about right now. Um. But 956 00:48:59,360 --> 00:49:01,920 Speaker 1: around the world, you know, football is the biggest uh 957 00:49:02,400 --> 00:49:05,759 Speaker 1: sport and it's played with a round ball. Um. And 958 00:49:06,000 --> 00:49:07,839 Speaker 1: so I think you've seen the sport grow quite a bit. 959 00:49:08,080 --> 00:49:10,759 Speaker 1: Um And and you know, LFC I'm biased, but I 960 00:49:10,840 --> 00:49:13,200 Speaker 1: think you know has been um, you know, on the 961 00:49:13,239 --> 00:49:15,160 Speaker 1: cutting edge of some of these things. Right early on, 962 00:49:15,520 --> 00:49:17,640 Speaker 1: you know, people looked at MLS and and thought, you know, 963 00:49:17,719 --> 00:49:19,560 Speaker 1: the only stars that come are the aging stars in 964 00:49:19,640 --> 00:49:21,719 Speaker 1: the back end of their career. And and you know, 965 00:49:21,800 --> 00:49:24,880 Speaker 1: we brought in you know, younger designated players. You know, 966 00:49:24,920 --> 00:49:27,960 Speaker 1: Carlos Deela being named the league a couple of years ago, 967 00:49:28,480 --> 00:49:31,480 Speaker 1: uh came over in his prime from Mexico. Diego Rossky 968 00:49:31,680 --> 00:49:34,279 Speaker 1: another young player that that came over from Uruguay. So 969 00:49:34,320 --> 00:49:37,520 Speaker 1: we've we've got, you know, our our star. You know, 970 00:49:37,640 --> 00:49:40,400 Speaker 1: designate designated players are all kind of young, either in 971 00:49:40,440 --> 00:49:43,279 Speaker 1: their prime or heading into their prime. UM. But I 972 00:49:43,400 --> 00:49:45,239 Speaker 1: think so, I think you've seen incredible growth. There's a 973 00:49:45,280 --> 00:49:47,799 Speaker 1: long way to go, um you know. And and it's 974 00:49:47,920 --> 00:49:49,960 Speaker 1: it's the quality of play, you know, because if you 975 00:49:50,040 --> 00:49:52,000 Speaker 1: if you look right now, the NBA is the best 976 00:49:52,040 --> 00:49:53,919 Speaker 1: basketball league in the world. The NFL is the best 977 00:49:54,040 --> 00:49:56,320 Speaker 1: football league in the world, you know, same for NHL, 978 00:49:56,400 --> 00:49:59,800 Speaker 1: same for Major League Buaseball and MLS isn't yet. U 979 00:50:00,160 --> 00:50:02,000 Speaker 1: you know, you've got you've got other leagues and you 980 00:50:02,040 --> 00:50:04,480 Speaker 1: know the e p L being one you know in Europe, 981 00:50:04,680 --> 00:50:06,560 Speaker 1: UM that have been at it for longer and and 982 00:50:06,800 --> 00:50:09,480 Speaker 1: and you know have been I have seen higher quality 983 00:50:09,480 --> 00:50:12,080 Speaker 1: of play, right and so so that's that's one piece 984 00:50:12,120 --> 00:50:13,879 Speaker 1: of it, UM. And then it's you know, it's it's 985 00:50:14,080 --> 00:50:16,360 Speaker 1: it's growing the game, growing the brand, you know, growing 986 00:50:16,600 --> 00:50:20,480 Speaker 1: television viewership and and partners and and all of those things. 987 00:50:21,000 --> 00:50:22,759 Speaker 1: You know, I think with the World Cup coming here 988 00:50:22,880 --> 00:50:25,600 Speaker 1: in the next several years, that always brings or the 989 00:50:25,600 --> 00:50:27,279 Speaker 1: World Cup in general brings a lot of interest to 990 00:50:27,560 --> 00:50:29,920 Speaker 1: soccer in this country. But but especially as we'll be 991 00:50:30,000 --> 00:50:32,600 Speaker 1: hosting it, UM. You know, we we and I and 992 00:50:32,680 --> 00:50:35,120 Speaker 1: we see that as a as a huge opportunity. So 993 00:50:35,320 --> 00:50:37,720 Speaker 1: I think, you know, as you think about UM sports 994 00:50:37,760 --> 00:50:39,880 Speaker 1: going forward, and you're gonna see my bias here, but 995 00:50:40,320 --> 00:50:43,320 Speaker 1: but the two most global sports or games in the 996 00:50:43,360 --> 00:50:46,440 Speaker 1: world are are soccer and basketball. UM. And you know, 997 00:50:46,600 --> 00:50:49,280 Speaker 1: as this world, you know, with social media and technology 998 00:50:49,320 --> 00:50:51,880 Speaker 1: and everything that's that's evolving at at such a rapid rate. 999 00:50:51,960 --> 00:50:54,040 Speaker 1: The world's getting smaller in a lot of ways, and 1000 00:50:54,120 --> 00:50:56,480 Speaker 1: so that that that that global those global routes that 1001 00:50:56,560 --> 00:50:59,440 Speaker 1: have been um planted, um I think are gonna be 1002 00:50:59,640 --> 00:51:01,319 Speaker 1: are going to be really really important. So I think 1003 00:51:01,680 --> 00:51:04,759 Speaker 1: as you think about sports leaks on the on the come, 1004 00:51:04,800 --> 00:51:06,839 Speaker 1: as they would say on the way up, I think 1005 00:51:07,040 --> 00:51:10,040 Speaker 1: MLS is is very high on that list. Well, Brandon, 1006 00:51:10,080 --> 00:51:11,759 Speaker 1: it's been great spending some time with you. Thank you 1007 00:51:12,000 --> 00:51:14,000 Speaker 1: so much. We know it's a very busy time as 1008 00:51:14,040 --> 00:51:17,160 Speaker 1: you look ahead to the playoffs. Best of luck. There 1009 00:51:17,320 --> 00:51:20,080 Speaker 1: will all be uh rooting for you guys. It uh, 1010 00:51:20,440 --> 00:51:22,040 Speaker 1: it is the most wonderful time of the year when 1011 00:51:22,080 --> 00:51:24,960 Speaker 1: it comes to the NBA because it gets real real fast, 1012 00:51:25,640 --> 00:51:28,320 Speaker 1: as you know better than we do. And and I 1013 00:51:28,440 --> 00:51:31,160 Speaker 1: know this season has been an interesting one to say 1014 00:51:31,200 --> 00:51:33,160 Speaker 1: the least, but you guys have have scrapped your way 1015 00:51:33,200 --> 00:51:35,520 Speaker 1: into it. It looks like and uh, you know, when 1016 00:51:35,560 --> 00:51:39,399 Speaker 1: the playoffs start, it all starts from scratch, right, Yeah, 1017 00:51:39,440 --> 00:51:41,239 Speaker 1: there's no question, it's very well said. It is. It 1018 00:51:41,400 --> 00:51:42,960 Speaker 1: is the best time of the year and we're looking 1019 00:51:43,000 --> 00:51:45,920 Speaker 1: forward to the new playing tournaments. We are first time 1020 00:51:45,960 --> 00:51:48,160 Speaker 1: involved in that this year and then hopefully moving on 1021 00:51:48,239 --> 00:51:50,480 Speaker 1: to the playoffs and and making some noise. But but 1022 00:51:51,120 --> 00:51:52,640 Speaker 1: it's been a lot of fun. I appreciate you guys 1023 00:51:52,680 --> 00:51:54,520 Speaker 1: have me on. Guys. It's interesting to talk about the 1024 00:51:54,520 --> 00:51:56,320 Speaker 1: Warriors because you know, for a long time was a 1025 00:51:56,400 --> 00:51:59,200 Speaker 1: nice little franchise that nobody paid that much attention to. Obviously, 1026 00:51:59,280 --> 00:52:02,040 Speaker 1: of late, it has become one of the franchises we 1027 00:52:02,160 --> 00:52:05,799 Speaker 1: mentioned it earlier this week. It's one of the most 1028 00:52:05,920 --> 00:52:10,279 Speaker 1: valuable across the NBA and across all of sports. To me, 1029 00:52:10,880 --> 00:52:13,920 Speaker 1: this is a story. I sound like a Harvard Business school, 1030 00:52:14,200 --> 00:52:17,239 Speaker 1: you know, case study author here. This is a story 1031 00:52:17,280 --> 00:52:20,200 Speaker 1: of innovation in many ways and figuring out how to 1032 00:52:20,320 --> 00:52:23,440 Speaker 1: make money from a winning team lynching. You know, what 1033 00:52:23,520 --> 00:52:25,520 Speaker 1: I found interesting is that he told me that the 1034 00:52:25,560 --> 00:52:28,239 Speaker 1: price of a ticket is different almost every single night. 1035 00:52:28,360 --> 00:52:30,200 Speaker 1: It depends on the date, the night of the week, 1036 00:52:30,400 --> 00:52:33,960 Speaker 1: the opponent, um, he says, And they've done more pricing, 1037 00:52:34,280 --> 00:52:37,160 Speaker 1: They've priced more tickets down than they have price tickets up, 1038 00:52:37,200 --> 00:52:41,880 Speaker 1: and they have a forty thousand person waiting list for 1039 00:52:42,000 --> 00:52:44,160 Speaker 1: season ticket. You know, you go back to the days 1040 00:52:44,480 --> 00:52:46,640 Speaker 1: he told us in the in the interview. They were 1041 00:52:46,719 --> 00:52:49,520 Speaker 1: eighteen years where they made the playoffs just one year 1042 00:52:49,680 --> 00:52:51,960 Speaker 1: and look at them right now. They're more valuable according 1043 00:52:52,040 --> 00:52:55,719 Speaker 1: to Forbes than the Los Angeles Lakers, and so bar. 1044 00:52:56,440 --> 00:52:58,560 Speaker 1: You know, when you look at a franchise like this, 1045 00:52:59,200 --> 00:53:02,400 Speaker 1: I mean, clearly part of it is built around the players. 1046 00:53:02,480 --> 00:53:06,239 Speaker 1: I mean Steph Curry will be in the conversation, is 1047 00:53:06,320 --> 00:53:08,320 Speaker 1: one of the is in the conversation and should be 1048 00:53:08,360 --> 00:53:10,319 Speaker 1: in the conversation. Is one of the greatest players ever 1049 00:53:10,400 --> 00:53:13,080 Speaker 1: to play the game. He revolutionized it in many ways. 1050 00:53:13,560 --> 00:53:15,799 Speaker 1: Let's be honest, some of this is not possible if 1051 00:53:15,840 --> 00:53:20,320 Speaker 1: you don't have that cocktail of great players winning a 1052 00:53:20,400 --> 00:53:23,400 Speaker 1: pretty affluent fan base. I mean, it all sort of 1053 00:53:23,480 --> 00:53:26,600 Speaker 1: comes together here for the Warriors. And I said, I 1054 00:53:26,680 --> 00:53:30,320 Speaker 1: have said this earlier. If you are a star player 1055 00:53:30,600 --> 00:53:33,840 Speaker 1: and you're bringing in the money, like a Steph Curry 1056 00:53:34,600 --> 00:53:38,359 Speaker 1: or a Lebron James for that matter, your dog on right, 1057 00:53:38,800 --> 00:53:42,560 Speaker 1: You're gonna pay me because I'm helping you and your 1058 00:53:42,680 --> 00:53:45,600 Speaker 1: club bring in a lot of dollars. And another thing 1059 00:53:45,680 --> 00:53:49,720 Speaker 1: I liked when we were talking to Brandon Uh, he's 1060 00:53:49,760 --> 00:53:53,840 Speaker 1: going to replace Rick welts Uh when he is the 1061 00:53:53,960 --> 00:53:57,320 Speaker 1: incoming president and CEOO. And the thing I like that 1062 00:53:57,520 --> 00:54:01,719 Speaker 1: Brandon said, you don't replace Brandon Wells. It's like, you know, 1063 00:54:02,040 --> 00:54:05,000 Speaker 1: you have a whole team and you're you're talking about 1064 00:54:05,040 --> 00:54:07,880 Speaker 1: a guy who helped create the w n b A. 1065 00:54:08,480 --> 00:54:13,200 Speaker 1: He helped create the All Star Weekend. This man has 1066 00:54:13,560 --> 00:54:17,040 Speaker 1: been a huge innovator for the n b A. Uh. 1067 00:54:17,280 --> 00:54:21,840 Speaker 1: And like Brandon Schnyder said, you know, yes, there's that 1068 00:54:21,920 --> 00:54:26,080 Speaker 1: old cliche big shoes to fill, but they are and 1069 00:54:27,040 --> 00:54:31,640 Speaker 1: Brandon Schneider paid top tribute to Rick Welles. Yeah, interesting 1070 00:54:31,719 --> 00:54:35,160 Speaker 1: to see what happens with this franchise as they move forward, 1071 00:54:35,200 --> 00:54:38,160 Speaker 1: you know, as we get into the playoffs, Um, you know, 1072 00:54:38,360 --> 00:54:41,799 Speaker 1: will know by early next week, you know where they 1073 00:54:42,160 --> 00:54:45,160 Speaker 1: where they fall, uh in terms of what they have 1074 00:54:45,280 --> 00:54:48,080 Speaker 1: ahead of them. But certainly don't sleep on this team, 1075 00:54:48,440 --> 00:54:50,880 Speaker 1: and you know the economics, there's just a lot of 1076 00:54:50,960 --> 00:54:54,719 Speaker 1: upside for this franchise. I also like that you said, 1077 00:54:54,840 --> 00:54:56,920 Speaker 1: you know, you can listen to the whole interview via 1078 00:54:57,040 --> 00:55:02,400 Speaker 1: podcast about you know, some expansion of their ambitions. Having 1079 00:55:02,920 --> 00:55:07,080 Speaker 1: this amazing facility by all accounts that hasn't seen much 1080 00:55:07,160 --> 00:55:11,160 Speaker 1: action candidly, I mean it's shut down only after six 1081 00:55:11,239 --> 00:55:16,279 Speaker 1: months of operation because of the pandemic. But season will 1082 00:55:16,320 --> 00:55:18,560 Speaker 1: be a real test in a great way of a 1083 00:55:18,600 --> 00:55:21,000 Speaker 1: lot of people seeing what the Warriors can do at 1084 00:55:21,040 --> 00:55:26,759 Speaker 1: their new home in San Francisco. Mondros will pick the kids. 1085 00:55:26,800 --> 00:55:28,839 Speaker 1: Feels better to be than one than number five. I'll 1086 00:55:28,840 --> 00:55:30,600 Speaker 1: wear a number because of Mike. We have a chance 1087 00:55:30,680 --> 00:55:32,279 Speaker 1: to go for three and a row. Good numbers are 1088 00:55:32,280 --> 00:55:34,320 Speaker 1: a good time. When I first started wearing the number, 1089 00:55:34,360 --> 00:55:37,320 Speaker 1: how would just have them proud? Bloomberg Business of Sports, 1090 00:55:37,600 --> 00:55:42,360 Speaker 1: the number of the Week's time for the number of 1091 00:55:42,520 --> 00:55:45,680 Speaker 1: the week. Here we go, all right, and let me 1092 00:55:45,800 --> 00:55:49,400 Speaker 1: set this up here. Now, the International Olympic Committee, they 1093 00:55:49,400 --> 00:55:53,879 Speaker 1: are inaugurating the first Olympic Virtual Series, is kicking off 1094 00:55:54,719 --> 00:56:00,640 Speaker 1: more than a month of competitive play across video game simulations, baseball, rowings, link, cycling, 1095 00:56:00,680 --> 00:56:04,520 Speaker 1: and motorsport. Bringing up because the sports is very popular 1096 00:56:05,320 --> 00:56:10,880 Speaker 1: and valves Dota too. They host an annual championship with 1097 00:56:11,040 --> 00:56:14,759 Speaker 1: the sports with a fan funded prize pool. Now what 1098 00:56:14,880 --> 00:56:18,640 Speaker 1: I'm looking for this year? What is that prize pool 1099 00:56:18,760 --> 00:56:22,000 Speaker 1: going to exceed? All right? We know the sports is big. 1100 00:56:22,680 --> 00:56:27,520 Speaker 1: I'm gonna say ten million. Oh that was my number? 1101 00:56:28,440 --> 00:56:33,279 Speaker 1: All right, I'm gonna go um nine million, nine dred, 1102 00:56:33,840 --> 00:56:42,399 Speaker 1: nine and nine sets. You know, at Lante, you mess 1103 00:56:42,440 --> 00:56:47,799 Speaker 1: yourself up because it's way higher than ten million. It's 1104 00:56:47,840 --> 00:56:50,040 Speaker 1: way higher. It is. And I was surprised when I 1105 00:56:50,120 --> 00:56:53,680 Speaker 1: read this that prize pool is going to exceed forty 1106 00:56:54,160 --> 00:57:00,200 Speaker 1: million dollars this year. Okay, hold on, I gotta figure 1107 00:57:00,239 --> 00:57:03,200 Speaker 1: out what the tell this thing is. That is crazy. 1108 00:57:04,719 --> 00:57:10,560 Speaker 1: It is huge. Forty million dollars, Yeah, this is I'm 1109 00:57:10,800 --> 00:57:13,560 Speaker 1: just I was shocked when I when I saw that figure, 1110 00:57:13,600 --> 00:57:16,560 Speaker 1: I'm like, oh my goodness. Just some comparison here to 1111 00:57:16,640 --> 00:57:19,680 Speaker 1: show you that this is really knocking on the door 1112 00:57:20,560 --> 00:57:24,960 Speaker 1: of the biggest sporting events in the world. The US 1113 00:57:25,040 --> 00:57:28,000 Speaker 1: Open tennis tournament heard of, it takes place and will 1114 00:57:28,080 --> 00:57:32,360 Speaker 1: again take place good Lord Willing in Queens, New York 1115 00:57:32,600 --> 00:57:36,040 Speaker 1: this year. Total player compensation, according to the US Open 1116 00:57:36,120 --> 00:57:41,320 Speaker 1: dot Org fifty three million dollars. This is huge, guys. 1117 00:57:42,520 --> 00:57:44,560 Speaker 1: So this thing that I've never heard of and which 1118 00:57:44,680 --> 00:57:48,520 Speaker 1: is not saying much, but like is is really knocking 1119 00:57:48,560 --> 00:57:51,120 Speaker 1: on the door that e sports. That's crazy. That's crazy. 1120 00:57:51,440 --> 00:57:53,680 Speaker 1: All right, Well, that's a good number of the week. 1121 00:57:53,800 --> 00:57:57,680 Speaker 1: And we you know, we both like mildly embarrassed ourselves literally, 1122 00:57:57,800 --> 00:58:00,920 Speaker 1: but that's okay, that's okay, life long learners. All right, 1123 00:58:00,960 --> 00:58:03,200 Speaker 1: you've been listening to Bloomberg Businesses Sports are here each 1124 00:58:03,240 --> 00:58:05,840 Speaker 1: and every week at the same time, plus online wherever 1125 00:58:05,920 --> 00:58:08,880 Speaker 1: you get your podcast catch those Mondays, Wednesdays and Thursdays. 1126 00:58:08,960 --> 00:58:11,880 Speaker 1: That's also where you can hear extended versions of the 1127 00:58:11,960 --> 00:58:16,920 Speaker 1: interviews like you heard today with Susanne Abert and Brandon Schneider. 1128 00:58:17,240 --> 00:58:20,120 Speaker 1: I'm Jason Kelly. Find me on Twitter at Jason Kelly 1129 00:58:20,200 --> 00:58:22,880 Speaker 1: News and I'm just still scratching my head and bewilderment 1130 00:58:23,040 --> 00:58:25,520 Speaker 1: on Mike Lynch. You can follow me at Lynch w CVB. 1131 00:58:25,600 --> 00:58:29,000 Speaker 1: A good job, Big Bar Michael bar on Twitter at 1132 00:58:29,040 --> 00:58:32,960 Speaker 1: Big Bars Sports. You're listening to Bloomberg Business of Sports 1133 00:58:33,000 --> 00:58:35,560 Speaker 1: from Bloomberg Radio around the world.