1 00:00:00,040 --> 00:00:09,840 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. This is the Business 2 00:00:09,880 --> 00:00:10,640 Speaker 1: of Sports. 3 00:00:10,680 --> 00:00:14,040 Speaker 2: Sports are the greatest unscripted show owner. 4 00:00:14,000 --> 00:00:16,159 Speaker 3: The next generation of players who really grew up with 5 00:00:16,239 --> 00:00:17,560 Speaker 3: tech and believe in tech. 6 00:00:17,640 --> 00:00:19,959 Speaker 4: Your face is your ticket, your face is your wallet, 7 00:00:20,040 --> 00:00:21,800 Speaker 4: your face is your access to a club. 8 00:00:21,920 --> 00:00:25,600 Speaker 5: These are such iconic and important buildings for businesses. 9 00:00:25,760 --> 00:00:28,320 Speaker 3: For fans, COVID was one of the best things that 10 00:00:28,320 --> 00:00:29,159 Speaker 3: ever happened to go. 11 00:00:29,440 --> 00:00:31,520 Speaker 2: The NFL is a bulletproof business. 12 00:00:31,640 --> 00:00:34,360 Speaker 4: Racing unique because there is absolutely no reason why we 13 00:00:34,400 --> 00:00:35,360 Speaker 4: can't compete with the guys. 14 00:00:35,320 --> 00:00:37,599 Speaker 2: I'm wall It's pro pickleball? Real, Are people really going 15 00:00:37,640 --> 00:00:38,440 Speaker 2: to tune into this? 16 00:00:38,640 --> 00:00:41,160 Speaker 6: If you're playing moneyball with a huge bag of money, 17 00:00:41,360 --> 00:00:42,760 Speaker 6: you're going to be really, really good. 18 00:00:42,840 --> 00:00:46,360 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio. 19 00:00:47,880 --> 00:00:51,239 Speaker 6: This is the Bloomberg Business of Sports, where we explore 20 00:00:51,280 --> 00:00:54,000 Speaker 6: the big money issues in the world sports. 21 00:00:54,040 --> 00:00:55,920 Speaker 2: I'm Michael Bach and I'm Damien sas Alur. 22 00:00:56,000 --> 00:00:58,760 Speaker 6: We'll hear from Vanessa Perdomo later on in the show. 23 00:00:58,760 --> 00:01:02,200 Speaker 6: Coming up, we'll talk with PGA golfer and three time 24 00:01:02,320 --> 00:01:06,200 Speaker 6: Major winner Jordan Speth. That's right, I said, Jordan's Speeth 25 00:01:06,440 --> 00:01:09,800 Speaker 6: about his annual charity, youth golf event and more. 26 00:01:09,880 --> 00:01:11,720 Speaker 7: Twenty twenty five is a really good year for the 27 00:01:11,760 --> 00:01:15,479 Speaker 7: PGA Tour, and so I think you focus on trying 28 00:01:15,480 --> 00:01:17,280 Speaker 7: to make the best product that the PGA Tour can 29 00:01:17,319 --> 00:01:19,920 Speaker 7: have and then however else it's gonna you know, fall, 30 00:01:20,040 --> 00:01:22,160 Speaker 7: it's going to fall. So we can't really control what's 31 00:01:22,200 --> 00:01:25,880 Speaker 7: going on. You know, on the live side, it seems 32 00:01:25,959 --> 00:01:28,760 Speaker 7: like they're happy with where they're at, but at some point, 33 00:01:28,840 --> 00:01:32,160 Speaker 7: you know, they've showed interest in combining the game. 34 00:01:32,480 --> 00:01:36,119 Speaker 2: We will also talk with the founder and CEO of Better, 35 00:01:36,200 --> 00:01:38,040 Speaker 2: a gaming and sports media company. 36 00:01:38,440 --> 00:01:40,839 Speaker 6: All that is on the way on the Bloomberg Business 37 00:01:40,920 --> 00:01:45,320 Speaker 6: of Sports. But first, the MLB just reached new broadcast 38 00:01:45,400 --> 00:01:50,640 Speaker 6: deals valued at around eight hundred million dollars with NBC Sports, 39 00:01:50,840 --> 00:01:52,360 Speaker 6: ESPN and Netflix. 40 00:01:52,480 --> 00:01:55,000 Speaker 4: Here now to break it down is Bloomberg News media 41 00:01:55,080 --> 00:01:58,960 Speaker 4: reporter Hannah Miller. Hannah, welcome to the Bloomberg Business of Sports. 42 00:01:59,240 --> 00:02:00,880 Speaker 8: Thank you for having me, and of. 43 00:02:00,840 --> 00:02:04,920 Speaker 6: Course you always have brilliant articles, and this one is 44 00:02:04,960 --> 00:02:08,360 Speaker 6: on Major League Baseball and the new deals with NBC, 45 00:02:09,040 --> 00:02:10,480 Speaker 6: ESPN and Netflix. 46 00:02:11,160 --> 00:02:15,920 Speaker 8: That's right, Yeah, we finally got word on what you know, 47 00:02:15,960 --> 00:02:17,880 Speaker 8: the media deals are going to look like for MLB. 48 00:02:18,160 --> 00:02:20,560 Speaker 4: Well, isn't this the first time NBC is involved in 49 00:02:20,600 --> 00:02:23,440 Speaker 4: like two decades or maybe even more like twenty five years. 50 00:02:23,480 --> 00:02:23,720 Speaker 6: Yeah. 51 00:02:23,840 --> 00:02:25,800 Speaker 8: Yeah, I mean we've seen a really big push with 52 00:02:25,960 --> 00:02:29,760 Speaker 8: sports with NBC. You know, they want a lot of content. 53 00:02:30,520 --> 00:02:33,720 Speaker 8: I mean, obviously they're already a powerhouse, but they want 54 00:02:33,760 --> 00:02:35,720 Speaker 8: to build out their portfolio even more and this is 55 00:02:35,760 --> 00:02:36,600 Speaker 8: just evidence of that. 56 00:02:37,040 --> 00:02:38,919 Speaker 2: So what so how does this look? 57 00:02:38,960 --> 00:02:41,040 Speaker 4: I mean, I mean it sounds like the home Run 58 00:02:41,080 --> 00:02:44,200 Speaker 4: Derby and the Opening Day game go to Netflix and 59 00:02:44,240 --> 00:02:47,680 Speaker 4: then I guess ESPN has the rights to MLB dot Com. 60 00:02:47,720 --> 00:02:49,320 Speaker 2: I mean, talk to us about you know, the structure 61 00:02:49,320 --> 00:02:49,679 Speaker 2: of the deal. 62 00:02:50,040 --> 00:02:50,239 Speaker 4: Yeah. 63 00:02:50,320 --> 00:02:52,800 Speaker 8: Netflix also got the Field of Dreams game, which is 64 00:02:52,840 --> 00:02:56,320 Speaker 8: really fun. Yeah, and I think that that shows for them. 65 00:02:56,480 --> 00:03:00,680 Speaker 8: You know, they're push further into live sports, and we've 66 00:03:00,680 --> 00:03:03,040 Speaker 8: seen with them, you know, they Netflix, they don't always 67 00:03:03,080 --> 00:03:05,440 Speaker 8: want to go for like a full season of a sport. 68 00:03:05,480 --> 00:03:07,880 Speaker 8: They like those one off events, those special things that 69 00:03:07,919 --> 00:03:11,520 Speaker 8: you can tune into every now and then. So you know, 70 00:03:11,600 --> 00:03:14,840 Speaker 8: this is this is a nice get for them for ESPN. 71 00:03:14,919 --> 00:03:17,880 Speaker 8: You know, they're the ones that started all of this drama. 72 00:03:18,000 --> 00:03:21,280 Speaker 8: You know, they opted out early of their original package, 73 00:03:21,800 --> 00:03:24,919 Speaker 8: and what we've see here now is they really reshaped 74 00:03:24,919 --> 00:03:27,639 Speaker 8: it to their liking. So it's still the same price tag, 75 00:03:27,680 --> 00:03:32,360 Speaker 8: that five hundred and fifty million dollar cost, but you know, 76 00:03:32,400 --> 00:03:35,320 Speaker 8: we see some major major differences here, and the emphasis 77 00:03:35,760 --> 00:03:38,960 Speaker 8: is really on the streaming platform and kind of integrating 78 00:03:39,080 --> 00:03:44,080 Speaker 8: MLBtv into ESPN's new streaming service. They're really trying to 79 00:03:44,080 --> 00:03:46,120 Speaker 8: build that out. So that's a big asset for them. 80 00:03:46,840 --> 00:03:48,440 Speaker 8: And then the other thing too is you know, they 81 00:03:48,720 --> 00:03:53,280 Speaker 8: they wanted these you know, more regional kind of feel 82 00:03:53,360 --> 00:03:57,400 Speaker 8: They wanted these local games, these local rights, so that 83 00:03:57,400 --> 00:03:59,080 Speaker 8: that's a that's a good get for them too. We've 84 00:03:59,120 --> 00:04:01,400 Speaker 8: heard Jimmy Patara, you know, the chairman of ESPN, and 85 00:04:01,400 --> 00:04:02,640 Speaker 8: talk about that multiple times. 86 00:04:02,840 --> 00:04:07,160 Speaker 6: Now, NBC and Peacock, we'll just call them Sunday because 87 00:04:07,160 --> 00:04:08,520 Speaker 6: they're getting all. 88 00:04:08,440 --> 00:04:11,560 Speaker 4: Get and it's not just it's not just Major League Baseball, right, 89 00:04:11,600 --> 00:04:13,280 Speaker 4: Michael Barr, I think it's NFL and BA. 90 00:04:13,480 --> 00:04:16,200 Speaker 2: I think they own Sundays now in many respects. Yeah. 91 00:04:16,839 --> 00:04:20,120 Speaker 8: Yeah, and we've seen also Roku. You know, they those 92 00:04:20,160 --> 00:04:23,599 Speaker 8: games from Roku have moved over now to NBC. So yeah, 93 00:04:23,640 --> 00:04:26,239 Speaker 8: I mean Sunday is huge for them. I mean NBA 94 00:04:26,320 --> 00:04:28,760 Speaker 8: on Peacock has been has been going well. They've been 95 00:04:28,760 --> 00:04:31,560 Speaker 8: really happy with that, and you know, really put a 96 00:04:31,600 --> 00:04:36,720 Speaker 8: lot of effort into building a great fan experience with that. 97 00:04:37,760 --> 00:04:40,600 Speaker 8: But again, like you know, there's this constant issue of fragmentation, 98 00:04:40,880 --> 00:04:43,640 Speaker 8: you know, making it hard for fans to know where 99 00:04:43,680 --> 00:04:46,800 Speaker 8: to go to where to watch their favorite teams. So 100 00:04:46,880 --> 00:04:48,920 Speaker 8: I think that's still something a lot of sports fans 101 00:04:48,920 --> 00:04:49,440 Speaker 8: are dealing with. 102 00:04:49,760 --> 00:04:52,120 Speaker 6: And Hannah and Damien, That's just what I was going 103 00:04:52,200 --> 00:04:55,080 Speaker 6: to say, because as Geezer bar, I mean, it used 104 00:04:55,120 --> 00:04:59,360 Speaker 6: to be very simple. You had three blasted channels and 105 00:04:59,400 --> 00:05:01,960 Speaker 6: if you had the fancy house, you got the UHF 106 00:05:02,320 --> 00:05:04,800 Speaker 6: and then you could tune into anything you want. You 107 00:05:04,880 --> 00:05:08,719 Speaker 6: had a myriad. Now I don't know where the heck 108 00:05:08,800 --> 00:05:11,200 Speaker 6: to go if I want to see my local teams 109 00:05:11,279 --> 00:05:11,600 Speaker 6: or anything. 110 00:05:11,640 --> 00:05:12,320 Speaker 2: Well, can't you. 111 00:05:12,200 --> 00:05:15,000 Speaker 4: Just stream it directly from MLB now, I mean and 112 00:05:15,040 --> 00:05:17,240 Speaker 4: get them all? Or is that not an option? Because 113 00:05:17,279 --> 00:05:21,880 Speaker 4: I know you're right, Michael Barr. In addition to Netflix, NBC, ESPN, 114 00:05:21,960 --> 00:05:24,599 Speaker 4: you also have TNT. I think they have some games. 115 00:05:24,640 --> 00:05:27,480 Speaker 4: I think Fox has some games. So yeah, yeah, as 116 00:05:27,520 --> 00:05:28,720 Speaker 4: a consumer, where do you go? 117 00:05:28,839 --> 00:05:29,039 Speaker 6: Right? 118 00:05:29,440 --> 00:05:31,360 Speaker 8: Yeah, it can make it easier, you know, if there's 119 00:05:31,480 --> 00:05:33,800 Speaker 8: that strong regional network, like you know, I'm a Yankees fan, 120 00:05:33,839 --> 00:05:36,640 Speaker 8: so I love yes, and you know, you know where 121 00:05:36,680 --> 00:05:40,839 Speaker 8: to go with MLB TV. You know, we've seen with 122 00:05:40,880 --> 00:05:43,240 Speaker 8: some of these regional sports networks a lot of struggles 123 00:05:43,240 --> 00:05:47,279 Speaker 8: and MLB TV kind of absorbed the rights for several 124 00:05:47,279 --> 00:05:50,880 Speaker 8: teams or six overall to you know, kind of say hey, 125 00:05:50,880 --> 00:05:54,760 Speaker 8: here's where you can go to watch. So I don't 126 00:05:54,760 --> 00:05:56,400 Speaker 8: know if we'll see more of that happening. I mean, 127 00:05:56,400 --> 00:05:59,520 Speaker 8: there's still a big issue with regial sports networks trying 128 00:05:59,520 --> 00:06:02,039 Speaker 8: to be profit bullvoid, bankruptcy, you know, things like that. 129 00:06:02,279 --> 00:06:04,520 Speaker 4: And so this is a three year contract, sl we're 130 00:06:04,560 --> 00:06:07,000 Speaker 4: still looking at twenty twenty eight and you know, a 131 00:06:07,040 --> 00:06:09,520 Speaker 4: whole another round coming through then, is that right? 132 00:06:09,600 --> 00:06:10,159 Speaker 2: That is right? 133 00:06:10,240 --> 00:06:14,400 Speaker 8: So Commissioner Manfred his big goal here was to get 134 00:06:14,440 --> 00:06:16,960 Speaker 8: all of the rights to kind of expire at the 135 00:06:17,000 --> 00:06:20,760 Speaker 8: same time. You know, Fox their contract expires through the 136 00:06:20,800 --> 00:06:22,600 Speaker 8: twenty twenty eight at the end of the twenty twenty 137 00:06:22,600 --> 00:06:25,800 Speaker 8: eighth season, So he's getting all these rights together so 138 00:06:25,800 --> 00:06:27,599 Speaker 8: that they all go up at the same time and 139 00:06:27,640 --> 00:06:31,600 Speaker 8: then you know, this will start another cycle of negotiations. 140 00:06:32,320 --> 00:06:34,279 Speaker 8: But yeah, that was that was his goal here was 141 00:06:34,320 --> 00:06:36,599 Speaker 8: that you know, everyone be to be aligned on that 142 00:06:36,600 --> 00:06:38,520 Speaker 8: three year window and so that they can kind of 143 00:06:38,520 --> 00:06:40,960 Speaker 8: consolidate and get as big a package as possible three 144 00:06:41,040 --> 00:06:41,440 Speaker 8: years out. 145 00:06:41,600 --> 00:06:45,400 Speaker 6: And speaking of Commissioner Manfred, he says that he will 146 00:06:45,440 --> 00:06:50,440 Speaker 6: cooperate with a Senate committee. And it involves the latest 147 00:06:50,440 --> 00:06:54,640 Speaker 6: and the big betting props scandal that involves to Cleveland 148 00:06:54,640 --> 00:06:57,040 Speaker 6: Guardian pitchers. Can you expand more on that? 149 00:06:57,480 --> 00:07:00,680 Speaker 8: Yeah, so we know Manfred said the other day that 150 00:07:01,400 --> 00:07:04,279 Speaker 8: he doesn't foresee more restrictions on these prop bets, you know, 151 00:07:04,320 --> 00:07:07,360 Speaker 8: these sort of one off bets and there's that two 152 00:07:07,480 --> 00:07:11,040 Speaker 8: hundred dollars cap on the bets, and they're hoping that 153 00:07:11,120 --> 00:07:15,720 Speaker 8: kind of cuts into people's desire to place these kinds 154 00:07:15,720 --> 00:07:19,000 Speaker 8: of bets and also for you know, players like pitchers 155 00:07:19,080 --> 00:07:22,800 Speaker 8: to not manipulate the situation to their favor. If you 156 00:07:22,840 --> 00:07:24,520 Speaker 8: make the bets smaller, you know, people are going to 157 00:07:24,600 --> 00:07:26,720 Speaker 8: be less interested. So they're I think they're hoping this 158 00:07:26,800 --> 00:07:31,160 Speaker 8: kind of you know, clears the clouds away. But you know, 159 00:07:31,560 --> 00:07:33,920 Speaker 8: these betting scandals it's like hitting every sport. 160 00:07:34,680 --> 00:07:36,040 Speaker 4: Well, I mean, you're right to bring it up though, 161 00:07:36,080 --> 00:07:39,040 Speaker 4: Michael Barr. I mean, we just had an incredible fall classic. 162 00:07:39,080 --> 00:07:41,160 Speaker 4: I mean the numbers I'm hearing out of that Dodgers 163 00:07:41,160 --> 00:07:43,600 Speaker 4: Blue Jays series are lights out right. And you know 164 00:07:43,640 --> 00:07:46,520 Speaker 4: this definitely, this betting scandal with Class and Ortiz definitely 165 00:07:46,520 --> 00:07:48,760 Speaker 4: takes some shine off that. You know, I just wonder 166 00:07:48,800 --> 00:07:50,680 Speaker 4: what comes next. You know, we had the Winter meetings. 167 00:07:50,680 --> 00:07:52,120 Speaker 4: I mean, we have the GM meetings and all that 168 00:07:52,160 --> 00:07:54,800 Speaker 4: stuff coming up. You know what comes next as it 169 00:07:54,840 --> 00:07:58,240 Speaker 4: relates to you know, not just the betting scandal on 170 00:07:58,240 --> 00:07:59,880 Speaker 4: how the Major League Baseball is going to react to that, 171 00:08:00,760 --> 00:08:02,960 Speaker 4: but some of these new kind of rules that are 172 00:08:02,960 --> 00:08:06,240 Speaker 4: coming in, the automated strike ball kind of all that 173 00:08:06,320 --> 00:08:07,680 Speaker 4: kind of stuff is happening as well. 174 00:08:07,760 --> 00:08:10,800 Speaker 8: No, yeah, No, It's going to be really interesting to 175 00:08:10,800 --> 00:08:15,640 Speaker 8: see what these conversations come up with because I think 176 00:08:15,680 --> 00:08:17,840 Speaker 8: there there is a lot of concern among fans of 177 00:08:18,120 --> 00:08:20,280 Speaker 8: any kind of sport, you know, just sort of this 178 00:08:20,800 --> 00:08:24,000 Speaker 8: encroachment of betting. And we've seen with these new you know, 179 00:08:24,160 --> 00:08:28,720 Speaker 8: streaming services like you know, example NBA on Peacock and 180 00:08:28,760 --> 00:08:32,040 Speaker 8: be on Amazon, Like there's all these betting integrations that 181 00:08:32,520 --> 00:08:35,720 Speaker 8: really kind of are in your face about connecting betting 182 00:08:35,760 --> 00:08:38,800 Speaker 8: to sports in a way that we haven't seen previously. 183 00:08:39,280 --> 00:08:40,840 Speaker 8: So I think this is just going to be a 184 00:08:40,840 --> 00:08:44,000 Speaker 8: conversation that comes up again and again and again. 185 00:08:44,200 --> 00:08:47,360 Speaker 6: It's not just baseball. There are other leagues as well. 186 00:08:47,440 --> 00:08:51,640 Speaker 6: We've had problems with the NBA as a general question, 187 00:08:52,360 --> 00:08:56,640 Speaker 6: do we have a problem now with online betting in general, 188 00:08:56,720 --> 00:08:59,120 Speaker 6: because also overseas they're having problems. 189 00:08:59,720 --> 00:09:02,600 Speaker 8: Yeah, I know, I mean I think it's betting is 190 00:09:02,679 --> 00:09:05,000 Speaker 8: just becoming more and more pervasive. We've also seen the 191 00:09:05,040 --> 00:09:09,520 Speaker 8: rise of prediction markets and people getting on platforms like Calci, 192 00:09:09,720 --> 00:09:11,640 Speaker 8: you know, things like that that make it really easy 193 00:09:12,080 --> 00:09:16,199 Speaker 8: to you know, place bets and gamble. You know. Obviously, 194 00:09:16,280 --> 00:09:19,200 Speaker 8: like there's always been a gambling culture in sports, but 195 00:09:20,000 --> 00:09:22,760 Speaker 8: I think it's just so much more in your face now. 196 00:09:22,800 --> 00:09:25,439 Speaker 8: I don't know, I just see gambling ads all the time, 197 00:09:25,640 --> 00:09:28,040 Speaker 8: you know, I see it. You know, ESPN had had 198 00:09:28,040 --> 00:09:31,480 Speaker 8: betting integrations with their platform. Like this is just something 199 00:09:31,640 --> 00:09:33,160 Speaker 8: that has come up again and again. 200 00:09:33,360 --> 00:09:33,520 Speaker 6: Now. 201 00:09:33,520 --> 00:09:35,200 Speaker 4: Well, Hannah, you know, we convince you to come in 202 00:09:35,200 --> 00:09:37,240 Speaker 4: in today and talk about Major League Baseball, but I 203 00:09:37,320 --> 00:09:39,000 Speaker 4: wonder if we could look out a little bit. I mean, 204 00:09:39,000 --> 00:09:40,680 Speaker 4: because I mean, things are going to I mean there's 205 00:09:40,679 --> 00:09:43,560 Speaker 4: a lot of media deals that are you know, people 206 00:09:43,600 --> 00:09:46,080 Speaker 4: are preparing to negotiate, right, like what comes next in 207 00:09:46,120 --> 00:09:47,920 Speaker 4: your world? Like what are you looking to it? I mean, 208 00:09:47,960 --> 00:09:50,440 Speaker 4: I know, we just got F one. You know, we 209 00:09:50,600 --> 00:09:53,320 Speaker 4: just got UFC. You know what comes next? 210 00:09:53,840 --> 00:09:58,400 Speaker 8: Yeah, So Premier League is definitely something I'm tracking, and 211 00:09:58,720 --> 00:10:01,520 Speaker 8: you know, we're going to see like who who gets 212 00:10:01,520 --> 00:10:04,200 Speaker 8: the rights there? I mean obviously it's super popular, so 213 00:10:04,280 --> 00:10:06,280 Speaker 8: I think that'll be happy now. 214 00:10:06,320 --> 00:10:09,439 Speaker 2: I think NHL is twenty eight, right, yeah, a bit 215 00:10:09,440 --> 00:10:09,920 Speaker 2: of time. 216 00:10:09,840 --> 00:10:13,760 Speaker 8: Yeah yeah, and yeah, no UFC too. I mean that 217 00:10:13,880 --> 00:10:16,040 Speaker 8: was huge when that came out. That's seven point seven 218 00:10:16,120 --> 00:10:18,000 Speaker 8: billion dollar price tag is insane. 219 00:10:18,160 --> 00:10:20,959 Speaker 4: Yeah yeah, And I mean obviously NASCAR as well, Right, 220 00:10:21,000 --> 00:10:22,600 Speaker 4: but I think we have time. I think Nascar we 221 00:10:22,679 --> 00:10:24,680 Speaker 4: just got negotiated out till thirty one. But you know, 222 00:10:24,720 --> 00:10:26,560 Speaker 4: it's just very interesting, you know, And I mean, like 223 00:10:26,640 --> 00:10:28,959 Speaker 4: all these media deals seem to be I remember the 224 00:10:29,040 --> 00:10:30,920 Speaker 4: year it used to be ten year deals, you know, 225 00:10:31,160 --> 00:10:34,040 Speaker 4: fifteen year deal. Now we're talking two to three year deals. 226 00:10:34,480 --> 00:10:37,480 Speaker 4: It just seems really really competitive, really really interesting. And 227 00:10:38,000 --> 00:10:39,679 Speaker 4: you know, we look at the economy and we look 228 00:10:39,679 --> 00:10:41,800 Speaker 4: at the state of economy and if things kind of 229 00:10:41,840 --> 00:10:44,440 Speaker 4: slide back here, I wonder if you know these one 230 00:10:44,559 --> 00:10:47,640 Speaker 4: after the other, record breaking deal after record breaking deal, 231 00:10:47,960 --> 00:10:49,400 Speaker 4: you know, starts to peter off a bit. 232 00:10:49,400 --> 00:10:50,520 Speaker 2: I don't know what are your thoughts there. 233 00:10:50,600 --> 00:10:53,000 Speaker 8: Okay, it's also never too early to start thinking about 234 00:10:53,120 --> 00:10:54,960 Speaker 8: NFL and whether that early optimities. 235 00:10:55,480 --> 00:10:59,440 Speaker 2: They're definitely gonna like yeah. 236 00:10:58,760 --> 00:11:01,480 Speaker 8: So you know, that is going to be a huge 237 00:11:01,520 --> 00:11:03,600 Speaker 8: game changer I think in sports rights, and that's going 238 00:11:03,640 --> 00:11:05,880 Speaker 8: to really set a tone because they're looking at that 239 00:11:06,040 --> 00:11:10,640 Speaker 8: NBA deal, that massive eleven year deal, and they're like, Okay, 240 00:11:10,720 --> 00:11:13,160 Speaker 8: we got way more eyeballs, We've got way more people 241 00:11:13,160 --> 00:11:16,480 Speaker 8: watching us, and they're going to take that and run 242 00:11:16,520 --> 00:11:19,880 Speaker 8: with it, you know. So I think for the NFL, 243 00:11:20,160 --> 00:11:23,040 Speaker 8: like it's going to be they'll be really interesting to 244 00:11:23,040 --> 00:11:24,920 Speaker 8: see what happens. It's gonna be big, big money. 245 00:11:25,120 --> 00:11:27,000 Speaker 6: I have to ask this because you brought up the 246 00:11:27,120 --> 00:11:32,640 Speaker 6: UFC CEO Dana White. He wants to have a thirty 247 00:11:32,720 --> 00:11:37,120 Speaker 6: million dollar challenge against the casinos and he says, look, 248 00:11:37,160 --> 00:11:40,360 Speaker 6: we're going to air this on Netflix. You give me 249 00:11:40,440 --> 00:11:43,559 Speaker 6: thirty million dollars in credit and I can beat the 250 00:11:43,600 --> 00:11:44,640 Speaker 6: pants off of you. 251 00:11:44,920 --> 00:11:46,120 Speaker 2: Comments please okay. 252 00:11:46,120 --> 00:11:49,080 Speaker 8: I was at the UFC match on Saturday last Saturday 253 00:11:49,800 --> 00:11:51,520 Speaker 8: and it was awesome. It was a lot of fun. 254 00:11:52,120 --> 00:11:55,080 Speaker 8: And yeah for Dana White, I mean, he knows he 255 00:11:55,160 --> 00:11:58,760 Speaker 8: has a really valuable property. He knows people are tuning in. 256 00:12:00,240 --> 00:12:04,200 Speaker 8: I think for him, he's very confident in what he has, 257 00:12:04,240 --> 00:12:07,360 Speaker 8: the property he has, and that paramount deal is just 258 00:12:08,679 --> 00:12:09,600 Speaker 8: an affirmation of that. 259 00:12:09,880 --> 00:12:12,880 Speaker 6: Our thanks to Bloomberg News media reporter Hannah Miller for 260 00:12:12,960 --> 00:12:16,920 Speaker 6: joining us up. Next, we turn to the sprawling world 261 00:12:17,000 --> 00:12:20,440 Speaker 6: of sports betting with a founder and CEO of a 262 00:12:20,559 --> 00:12:25,280 Speaker 6: gaming and sports media company Better for Damian Sasauur. I'm 263 00:12:25,280 --> 00:12:29,000 Speaker 6: Michael Barr. You are listening to the Bloomberg Business of 264 00:12:29,040 --> 00:12:32,280 Speaker 6: Sports from Bloomberg Radio around the world. 265 00:12:48,760 --> 00:12:52,760 Speaker 1: This is Bloomberg Business of Sports from Bloomberg Radio. 266 00:12:54,200 --> 00:12:56,920 Speaker 6: This is the Bloomberg Business of Sports where we explore 267 00:12:57,000 --> 00:12:59,439 Speaker 6: the big money issues in the world of sports. I'm 268 00:12:59,480 --> 00:13:00,160 Speaker 6: Michael Barm. 269 00:13:00,200 --> 00:13:02,559 Speaker 2: And I'm Vanessa Perdemo Damian Sasaur. 270 00:13:02,720 --> 00:13:06,040 Speaker 6: We'll be back later in the show. Better is a 271 00:13:06,080 --> 00:13:09,520 Speaker 6: sports gaming company that is building what it says is 272 00:13:09,559 --> 00:13:13,040 Speaker 6: the world's first real money gaming super app. That tell 273 00:13:13,120 --> 00:13:15,920 Speaker 6: us more about the company and for a check in 274 00:13:16,200 --> 00:13:19,319 Speaker 6: how the sports gaming industry is navigating some of the 275 00:13:19,400 --> 00:13:23,960 Speaker 6: latest headlines around sports betting. Is Better founder and CEO 276 00:13:24,400 --> 00:13:28,720 Speaker 6: Joey Levy Joey, Welcome to the Bloomberg Business of Sports. 277 00:13:28,880 --> 00:13:30,880 Speaker 9: Yeah, good to be here. Thanks for having me guys. 278 00:13:31,200 --> 00:13:35,560 Speaker 6: Now, you are the founder and CEO of Better and 279 00:13:36,280 --> 00:13:39,959 Speaker 6: it is one of the gambling platforms that has made 280 00:13:39,960 --> 00:13:44,840 Speaker 6: its debut. What is different though with Better compared to 281 00:13:44,920 --> 00:13:46,240 Speaker 6: other gambling platforms. 282 00:13:46,559 --> 00:13:49,240 Speaker 10: Yeah, I'd say Better is the first company in the 283 00:13:49,240 --> 00:13:53,840 Speaker 10: space that's really pursuing a super app strategy across different 284 00:13:53,920 --> 00:13:58,200 Speaker 10: real money gaming verticals. So we started the company about 285 00:13:58,240 --> 00:14:01,440 Speaker 10: three years ago. We launched our new product, Better Picks, 286 00:14:01,480 --> 00:14:03,959 Speaker 10: only about two years ago, so we're a pretty new 287 00:14:04,000 --> 00:14:07,880 Speaker 10: company in the space. And as I said, we started 288 00:14:07,880 --> 00:14:11,440 Speaker 10: with Better Picks, but since then we've launched a couple 289 00:14:11,480 --> 00:14:15,920 Speaker 10: of additional products. So we launched Better Arcade about two 290 00:14:16,000 --> 00:14:18,280 Speaker 10: and a half months ago. Now this is a skill 291 00:14:18,320 --> 00:14:22,240 Speaker 10: games product where our customers are playing fun mobile games 292 00:14:22,280 --> 00:14:24,720 Speaker 10: against each other and you know, whoever has the highest 293 00:14:24,720 --> 00:14:29,280 Speaker 10: score in the game wins wins the stake that each 294 00:14:29,280 --> 00:14:32,200 Speaker 10: of the customers puts up. And then we've also launched 295 00:14:32,320 --> 00:14:36,200 Speaker 10: a social sports Book that's currently live in twenty eight states, 296 00:14:36,240 --> 00:14:41,880 Speaker 10: providing a pretty robust sports book experience for sports fans 297 00:14:42,000 --> 00:14:45,760 Speaker 10: across the country. And all three of these products, Better Picks, 298 00:14:46,320 --> 00:14:51,760 Speaker 10: Better Social Sportsbook, Better Arcade, they're all in the same app. So, 299 00:14:52,120 --> 00:14:54,320 Speaker 10: you know, unlike some of our competitors that have a 300 00:14:54,360 --> 00:14:57,720 Speaker 10: portfolio of different apps, where you know, some major brands 301 00:14:57,720 --> 00:15:02,680 Speaker 10: have as many seven different apps that require different you know, 302 00:15:02,880 --> 00:15:07,360 Speaker 10: k y C and identity verification processes and have different ballots. 303 00:15:07,400 --> 00:15:11,400 Speaker 10: We have everything consolidated in one app and a really 304 00:15:11,440 --> 00:15:14,720 Speaker 10: seamless user experience going from one product to the next. 305 00:15:15,200 --> 00:15:17,800 Speaker 10: And we don't plan on stopping it three products, right, 306 00:15:17,840 --> 00:15:21,640 Speaker 10: We're we're going to launch at least two additional products 307 00:15:22,080 --> 00:15:24,360 Speaker 10: over the next couple of quarters. 308 00:15:24,400 --> 00:15:24,640 Speaker 3: Here. 309 00:15:25,240 --> 00:15:27,880 Speaker 10: We haven't you know, publicly announced what those products will be, 310 00:15:28,120 --> 00:15:31,320 Speaker 10: but you know, we're really excited about that. And you know, 311 00:15:31,400 --> 00:15:34,920 Speaker 10: my next NFL season, we'll have at least five distinct 312 00:15:34,920 --> 00:15:38,680 Speaker 10: products all within the Better Super app, providing a really 313 00:15:38,720 --> 00:15:42,160 Speaker 10: seamless experience for for for sports fans and gamers to 314 00:15:42,200 --> 00:15:44,400 Speaker 10: go from one product to the next. And then I'd 315 00:15:44,440 --> 00:15:48,200 Speaker 10: say another area of differentiation is, you know, our brand 316 00:15:48,240 --> 00:15:51,760 Speaker 10: identity is I'd say a lot younger and fresher than 317 00:15:51,840 --> 00:15:53,920 Speaker 10: some of the other companies in the category. 318 00:15:55,080 --> 00:15:57,960 Speaker 9: You know, we're we really do well with you. 319 00:15:57,840 --> 00:16:01,800 Speaker 10: Know, gen Z and kind of that eighteen to thirty 320 00:16:01,880 --> 00:16:07,480 Speaker 10: year old. You know, Cohorts, as you probably know, started 321 00:16:07,480 --> 00:16:10,160 Speaker 10: the business with Jake Paul, who you know, really does 322 00:16:10,480 --> 00:16:13,840 Speaker 10: a great job of appealing to that demographic and has 323 00:16:14,320 --> 00:16:17,360 Speaker 10: a massive audience in that demographic with over seventy million 324 00:16:17,720 --> 00:16:22,760 Speaker 10: social media followers, you know, across Instagram, YouTube, TikTok, et, cetera. 325 00:16:23,640 --> 00:16:25,920 Speaker 9: So I think in this. 326 00:16:25,840 --> 00:16:28,920 Speaker 10: Category where you know, you have these land based casino 327 00:16:28,960 --> 00:16:32,360 Speaker 10: operators that may be appeal to two millennials and older, 328 00:16:32,400 --> 00:16:35,480 Speaker 10: and even FanDuel and DraftKings, who are obviously the category 329 00:16:35,520 --> 00:16:39,440 Speaker 10: leaders but still maybe appeal to consumers and you know, 330 00:16:39,480 --> 00:16:43,080 Speaker 10: their mid thirties to late forties and beyond it. I 331 00:16:43,120 --> 00:16:46,560 Speaker 10: think we do a good job of really catering to 332 00:16:46,600 --> 00:16:50,160 Speaker 10: the next generation of sports fans through a lot of 333 00:16:50,160 --> 00:16:52,760 Speaker 10: the content that we create on social media. Better is 334 00:16:52,800 --> 00:16:56,560 Speaker 10: actually the most followed sports gaming brand on social media 335 00:16:56,880 --> 00:17:01,480 Speaker 10: right now, and that's really an to just you know, 336 00:17:01,520 --> 00:17:06,800 Speaker 10: appeal to a pretty differentiated player demographic. So I'd say 337 00:17:06,800 --> 00:17:09,600 Speaker 10: those two things, the super app strategy with a really 338 00:17:09,640 --> 00:17:13,679 Speaker 10: seamless user experience across this one stop shop for gaming, 339 00:17:14,240 --> 00:17:19,119 Speaker 10: and a differentiated player demographic and brand identity with the 340 00:17:19,160 --> 00:17:22,239 Speaker 10: younger you know, the next generation of sports fans, if 341 00:17:22,280 --> 00:17:22,600 Speaker 10: you will. 342 00:17:22,920 --> 00:17:24,679 Speaker 5: I want to get more into that part of it, 343 00:17:24,760 --> 00:17:28,080 Speaker 5: Like you said there, the younger demographic, and leaning on 344 00:17:28,200 --> 00:17:30,520 Speaker 5: Jake Paul, your co founder, like you had mentioned his 345 00:17:30,760 --> 00:17:33,560 Speaker 5: ability to speak to that generation. And when you guys 346 00:17:33,720 --> 00:17:36,040 Speaker 5: were looking to found this company and you're looking to 347 00:17:36,080 --> 00:17:39,280 Speaker 5: build it, how much of you know, his vision was 348 00:17:39,320 --> 00:17:41,160 Speaker 5: in that and how much did you want to lean 349 00:17:41,320 --> 00:17:47,080 Speaker 5: on this new audience and making it different And how 350 00:17:47,160 --> 00:17:50,560 Speaker 5: do you do that knowing there's already these legacy platforms 351 00:17:50,560 --> 00:17:51,000 Speaker 5: out there. 352 00:17:52,440 --> 00:17:55,280 Speaker 10: Yeah, I mean I think you know you just said 353 00:17:55,280 --> 00:17:57,120 Speaker 10: it right. These are legacy platforms. 354 00:17:57,960 --> 00:17:58,199 Speaker 6: You know. 355 00:17:58,320 --> 00:18:02,040 Speaker 10: I don't necessarily want to call out competitors by name, 356 00:18:02,119 --> 00:18:05,360 Speaker 10: but you know, there's some land based casino operators that 357 00:18:06,320 --> 00:18:11,280 Speaker 10: you know, typically appeal to customers in their fifties, sixties, seventies, 358 00:18:11,800 --> 00:18:15,879 Speaker 10: playing slots in Las Vegas who aren't really even digitally 359 00:18:15,920 --> 00:18:18,760 Speaker 10: native companies to begin with that were kind of assumed 360 00:18:18,760 --> 00:18:21,639 Speaker 10: to be, you know, the category leaders. When when this 361 00:18:21,720 --> 00:18:24,400 Speaker 10: market opened up, and as you can imagine their their 362 00:18:24,440 --> 00:18:27,359 Speaker 10: brands and their content strategies on social media and across 363 00:18:27,359 --> 00:18:31,040 Speaker 10: paid performance marketing channels, it just doesn't really they're not 364 00:18:31,040 --> 00:18:34,000 Speaker 10: really positioned to appeal to to that next generation of 365 00:18:34,040 --> 00:18:36,960 Speaker 10: sports fans who you know, grew up on Instagram, grew 366 00:18:37,040 --> 00:18:41,880 Speaker 10: up on TikTok, and you know, to some extent even 367 00:18:41,880 --> 00:18:44,280 Speaker 10: FANDOL and draftings. You know, they I think they do 368 00:18:44,320 --> 00:18:46,960 Speaker 10: a better job than some of these land based casino operators, 369 00:18:46,960 --> 00:18:50,240 Speaker 10: but you know, they they kind of you know, got 370 00:18:50,280 --> 00:18:53,480 Speaker 10: their start in the early twenty tens with that hardcore 371 00:18:53,920 --> 00:18:57,560 Speaker 10: fantasy sports audience. And you know this was before Instagram 372 00:18:57,680 --> 00:19:02,040 Speaker 10: was super mainstream. It's before talk was even existed, right, 373 00:19:02,160 --> 00:19:05,399 Speaker 10: So I think there's just there. We saw a pretty 374 00:19:05,400 --> 00:19:10,439 Speaker 10: massive opportunity to build a differentiated brand from from the 375 00:19:10,480 --> 00:19:14,000 Speaker 10: ground up that that really catered to this new generation 376 00:19:14,080 --> 00:19:17,040 Speaker 10: of sports fans that has grown up with Instagram, has 377 00:19:17,040 --> 00:19:19,439 Speaker 10: grown up on TikTok, that that's grown up you know, 378 00:19:19,520 --> 00:19:23,879 Speaker 10: watching YouTube videos instead of you know, linear television. 379 00:19:24,000 --> 00:19:26,120 Speaker 9: So so yeah. 380 00:19:25,960 --> 00:19:28,080 Speaker 10: We've had a lot of success there and we think 381 00:19:28,119 --> 00:19:31,000 Speaker 10: better despite you know, launching our product only two years ago, 382 00:19:31,080 --> 00:19:35,400 Speaker 10: has established itself as the. 383 00:19:33,960 --> 00:19:36,520 Speaker 9: Real money gaming brand for this generation. 384 00:19:37,000 --> 00:19:39,680 Speaker 5: The interesting thing there too, when you're talking about building 385 00:19:39,720 --> 00:19:43,240 Speaker 5: out and appealing to that audience, is you just recently 386 00:19:43,320 --> 00:19:47,000 Speaker 5: partnered with the Ball Brothers and have a podcast with them. 387 00:19:47,359 --> 00:19:49,720 Speaker 5: But that their podcast, from what I understand that just 388 00:19:49,760 --> 00:19:54,120 Speaker 5: recently launched, is not necessarily about sports ambling and it's 389 00:19:54,160 --> 00:19:57,160 Speaker 5: not about you know, that sort of thing. So why 390 00:19:57,240 --> 00:19:59,720 Speaker 5: have that extension as well on your platform? 391 00:20:00,680 --> 00:20:05,119 Speaker 10: Yeah, I think we're trying to build not just like 392 00:20:05,160 --> 00:20:08,359 Speaker 10: an on the nose sports gaming brand or even just 393 00:20:08,400 --> 00:20:10,359 Speaker 10: an on the nose real money gaming brand. I mean 394 00:20:10,400 --> 00:20:13,480 Speaker 10: to be clear, like we are a real money gaming company, 395 00:20:13,680 --> 00:20:18,720 Speaker 10: and you know, distributing that product and acquiring customers and 396 00:20:18,760 --> 00:20:21,840 Speaker 10: retaining customers for that product is our principal objective. But 397 00:20:22,400 --> 00:20:25,440 Speaker 10: we think there's an opportunity to build you know, more 398 00:20:25,480 --> 00:20:30,880 Speaker 10: of a more of a culturally relevant lifestyle brand that 399 00:20:31,240 --> 00:20:34,440 Speaker 10: you know is kind of it transcends the current industry. 400 00:20:34,480 --> 00:20:38,080 Speaker 10: I mean, like at a super high level, I think 401 00:20:38,920 --> 00:20:42,600 Speaker 10: FanDuel and DraftKings have a combined roughly ten million or 402 00:20:42,680 --> 00:20:48,240 Speaker 10: so monthly active users, yet they're currently legal in front 403 00:20:48,240 --> 00:20:52,119 Speaker 10: of at least over one hundred million gambling age sports fans, 404 00:20:52,160 --> 00:20:55,520 Speaker 10: and as the market matures and goes nationwide, we'll be 405 00:20:55,560 --> 00:20:56,120 Speaker 10: closer to one. 406 00:20:56,080 --> 00:20:57,480 Speaker 9: Hundred and eighty million, two hundred million. 407 00:20:57,560 --> 00:21:00,879 Speaker 10: So my point is that there's a pretty massive incremental 408 00:21:01,040 --> 00:21:05,480 Speaker 10: tam opportunity here, and I think that requires you to 409 00:21:05,480 --> 00:21:07,879 Speaker 10: to try to build a brand that that's you know, 410 00:21:07,920 --> 00:21:12,000 Speaker 10: that that transcends the current market and is just more 411 00:21:12,040 --> 00:21:18,000 Speaker 10: culturally relevant and just it is kind of synonymous with 412 00:21:18,160 --> 00:21:21,639 Speaker 10: just entertainment and and you know, having fun with your 413 00:21:21,680 --> 00:21:25,040 Speaker 10: friends watching sports, and and and just get people to 414 00:21:25,359 --> 00:21:29,520 Speaker 10: resonate with with the better brand along those lines. And 415 00:21:29,960 --> 00:21:32,679 Speaker 10: you know, chances are they'll they'll realize and you know, 416 00:21:32,720 --> 00:21:35,400 Speaker 10: by the way, we offer this this amazing real money 417 00:21:35,400 --> 00:21:38,360 Speaker 10: gaming super app and you know, here's a free ten 418 00:21:38,440 --> 00:21:42,080 Speaker 10: dollars to give it a try, and and and and 419 00:21:42,280 --> 00:21:45,439 Speaker 10: you know, so far that strategy has been highly successful 420 00:21:45,480 --> 00:21:48,680 Speaker 10: for US. I'd say we're you know, almost certainly the 421 00:21:48,920 --> 00:21:52,719 Speaker 10: most efficient company in the category with respect to acquiring customers. 422 00:21:53,160 --> 00:21:56,040 Speaker 10: Our customer acquisition costs us NFL season so far per 423 00:21:56,080 --> 00:21:59,679 Speaker 10: first time depositor has been only fifty dollars, which you 424 00:21:59,720 --> 00:22:03,440 Speaker 10: know is likely an order of magnitude more efficient than competitors. 425 00:22:03,440 --> 00:22:06,160 Speaker 10: So the strategy has been working so far, and we're 426 00:22:06,160 --> 00:22:07,920 Speaker 10: going to keep doubling and tripling down on it. 427 00:22:08,680 --> 00:22:11,639 Speaker 6: By the way, the name of the podcast with the 428 00:22:11,640 --> 00:22:15,359 Speaker 6: Ball Brothers, Ball and the Family that that's clever. I 429 00:22:15,480 --> 00:22:20,200 Speaker 6: like that boy the way Leangelo played. See what I 430 00:22:20,240 --> 00:22:20,600 Speaker 6: did there? 431 00:22:20,800 --> 00:22:21,840 Speaker 10: Yeah, I saw that. 432 00:22:22,240 --> 00:22:27,720 Speaker 6: You thank it, Joey. Where do you see the entire 433 00:22:27,960 --> 00:22:33,720 Speaker 6: landscape of the industry for betting online? Where do you 434 00:22:33,840 --> 00:22:36,840 Speaker 6: see that going in the future. I bring that up 435 00:22:36,920 --> 00:22:43,879 Speaker 6: because unfortunately MLB they're going through period right now where 436 00:22:43,920 --> 00:22:49,600 Speaker 6: they have lowered the prop bets for baseball because MLB 437 00:22:49,840 --> 00:22:54,879 Speaker 6: asked them to because two Cleveland Guardian players were arrested. 438 00:22:55,560 --> 00:23:01,240 Speaker 6: Where do you see that going in terms of the industry. 439 00:23:01,560 --> 00:23:03,600 Speaker 9: Yeah, I'd say so. 440 00:23:03,640 --> 00:23:06,000 Speaker 10: A couple of things first, on that last point, I 441 00:23:06,040 --> 00:23:11,600 Speaker 10: think that, you know, while there's been some disappointing you know, 442 00:23:12,960 --> 00:23:15,800 Speaker 10: developments or scandals if you will, you know, whether it 443 00:23:15,840 --> 00:23:20,320 Speaker 10: be with the you know, Guardians pitchers in Major League Baseball, 444 00:23:21,160 --> 00:23:24,199 Speaker 10: or you know what happened with with you know that 445 00:23:24,840 --> 00:23:29,040 Speaker 10: with with with the NBA players and coaches a couple 446 00:23:29,080 --> 00:23:32,520 Speaker 10: of weeks ago, I think these developments are actually a 447 00:23:32,640 --> 00:23:37,880 Speaker 10: really good reminder of why it's so important for gaming 448 00:23:38,040 --> 00:23:42,760 Speaker 10: to be regulated and and and kind of above board 449 00:23:42,840 --> 00:23:46,439 Speaker 10: and with a spotlight on it, right, because if the 450 00:23:46,520 --> 00:23:49,919 Speaker 10: market were not regulated, or if companies like you know 451 00:23:50,040 --> 00:23:54,760 Speaker 10: better fandor or DraftKings weren't working with integrity monitoring services 452 00:23:54,840 --> 00:24:01,120 Speaker 10: and the data companies, these scandals would have never delight, right. 453 00:24:01,320 --> 00:24:05,879 Speaker 10: So you know, it's kind of this cooperation between the 454 00:24:05,920 --> 00:24:09,920 Speaker 10: operators and and and the leagues and law enforcement that 455 00:24:10,119 --> 00:24:12,960 Speaker 10: you you have that that we kind. 456 00:24:12,720 --> 00:24:14,960 Speaker 9: Of catch bad actors in the first place. 457 00:24:15,640 --> 00:24:20,879 Speaker 10: And you know, if if this, if this wasn't in 458 00:24:20,920 --> 00:24:24,280 Speaker 10: the light, I you know, it's very possible that this 459 00:24:24,359 --> 00:24:27,600 Speaker 10: stuff would be happening anyway and we just wouldn't know 460 00:24:27,640 --> 00:24:30,160 Speaker 10: about it, right, So I just do want to clarify 461 00:24:30,240 --> 00:24:34,440 Speaker 10: that that that this, well, while it's super unfortunate what's 462 00:24:34,480 --> 00:24:39,280 Speaker 10: happened here, it's you're you're gonna have bad actors regardless, unfortunately. 463 00:24:39,440 --> 00:24:42,480 Speaker 10: So if anything, this is just proving that the current 464 00:24:42,520 --> 00:24:44,159 Speaker 10: structure is is working. 465 00:24:45,840 --> 00:24:48,000 Speaker 9: So so that's what I'll say about that. 466 00:24:48,080 --> 00:24:51,480 Speaker 10: In terms of where I see the market going in 467 00:24:51,560 --> 00:24:55,880 Speaker 10: the future, I don't think there's ever been a more 468 00:24:55,920 --> 00:25:01,960 Speaker 10: exciting time to be building in real money gaming, right, now. 469 00:25:02,280 --> 00:25:05,320 Speaker 6: Joey, you are too kind to join us. Thank you 470 00:25:05,480 --> 00:25:07,600 Speaker 6: so much for joining us here on the Bloomberg Business 471 00:25:07,680 --> 00:25:10,399 Speaker 6: of Sports. We really do appreciate your input. Thank you. 472 00:25:10,720 --> 00:25:12,920 Speaker 9: Yeah, absolutely, thanks for having me our. 473 00:25:13,040 --> 00:25:15,520 Speaker 6: Thanks to Joey Levy for joining us. He is the 474 00:25:15,560 --> 00:25:20,240 Speaker 6: founder and CEO of Better Up. Next we turn to golf. 475 00:25:20,400 --> 00:25:24,680 Speaker 6: I said golf because Damien loves that, and we'll talk 476 00:25:24,720 --> 00:25:28,960 Speaker 6: with three time major winner Jordan Speed or Vanessa Perdomo. 477 00:25:29,160 --> 00:25:31,720 Speaker 6: I'm Michael Laurn. You are listening to the Bloomberg Business 478 00:25:31,720 --> 00:25:34,480 Speaker 6: of Sports from Bloomberger Radio around the world. 479 00:25:38,760 --> 00:25:42,800 Speaker 1: This is Bloomberg Business of Sports from Bloomberg Radio. 480 00:25:44,160 --> 00:25:46,359 Speaker 6: Thanks for joining us on the Bloomberg Business of Sports, 481 00:25:46,400 --> 00:25:48,359 Speaker 6: where we explore the big money issues in the world 482 00:25:48,359 --> 00:25:49,840 Speaker 6: of sports. I'm Michael Barr. 483 00:25:49,640 --> 00:25:50,880 Speaker 2: And I'm Demian sas Hour. 484 00:25:51,720 --> 00:25:54,480 Speaker 6: Joining us now is Golf Starr and three time major 485 00:25:54,520 --> 00:25:58,120 Speaker 6: winner Jordan Speed. His foundation, the Jordan Speed Family Foundation, 486 00:25:58,560 --> 00:26:01,480 Speaker 6: recently held its second and you will Crush it Up, 487 00:26:01,840 --> 00:26:06,360 Speaker 6: a youth golf charity event. Jordan, Welcome to the Bloomberg 488 00:26:06,400 --> 00:26:07,560 Speaker 6: Business of Sports. 489 00:26:07,960 --> 00:26:09,480 Speaker 3: Thank y'all, thanks for having me on. 490 00:26:09,960 --> 00:26:14,160 Speaker 6: I want to highlight the second annual one of the 491 00:26:14,320 --> 00:26:17,200 Speaker 6: Crush It Cup, and it's a youth golf charity event 492 00:26:17,600 --> 00:26:20,919 Speaker 6: put on by your foundation. Bless you for doing all 493 00:26:20,960 --> 00:26:22,600 Speaker 6: of this. Tell us more about it. 494 00:26:22,840 --> 00:26:26,440 Speaker 7: Well, it's with my partnership with invited clubs, and it's 495 00:26:26,480 --> 00:26:30,040 Speaker 7: our second year now, and it's pretty cool because yeah, 496 00:26:29,640 --> 00:26:34,080 Speaker 7: it's not only you know, a golf tournament, but everyone 497 00:26:34,080 --> 00:26:37,879 Speaker 7: who's here, they're here because they raised a significant amount 498 00:26:37,920 --> 00:26:40,320 Speaker 7: of money, a lot of which is you know, going 499 00:26:40,359 --> 00:26:43,359 Speaker 7: to support our foundation, which will go back into junior golf. 500 00:26:43,400 --> 00:26:46,920 Speaker 7: So anyway, it's like I said, it's the second year. 501 00:26:47,240 --> 00:26:50,560 Speaker 7: We've got forty golfers out of one hundred and thirteen participants. 502 00:26:51,359 --> 00:26:54,800 Speaker 7: It was over eighteen states and fifty seven different clubs 503 00:26:54,800 --> 00:26:57,560 Speaker 7: this year. So out of the forty of thirty six 504 00:26:57,920 --> 00:27:00,960 Speaker 7: the top thirty six fundraisers and then we got the 505 00:27:01,000 --> 00:27:04,440 Speaker 7: top two played the most holes, and then two special nominees. 506 00:27:04,520 --> 00:27:06,480 Speaker 3: So it's amazing. 507 00:27:06,560 --> 00:27:09,320 Speaker 7: Last year, you know, it was the first year of it, 508 00:27:09,359 --> 00:27:11,720 Speaker 7: I was in a cast, so I wasn't able to 509 00:27:11,760 --> 00:27:15,720 Speaker 7: really partake a whole bunch as far as like playing holes, 510 00:27:15,760 --> 00:27:17,560 Speaker 7: doing the clinic like all that kind of stuff. But 511 00:27:18,359 --> 00:27:21,240 Speaker 7: I'm excited to kind of be a little bit more 512 00:27:21,359 --> 00:27:25,600 Speaker 7: active with the kids, which would be super special. You know, 513 00:27:25,640 --> 00:27:27,800 Speaker 7: we've done both of them here in the DFW area 514 00:27:27,840 --> 00:27:31,119 Speaker 7: where I live, and it's been a special partnership and 515 00:27:31,200 --> 00:27:34,440 Speaker 7: I really appreciate invited using their platform to help kind 516 00:27:34,440 --> 00:27:37,879 Speaker 7: of you know, tap back into our foundation and the 517 00:27:37,920 --> 00:27:40,680 Speaker 7: falls are really fun time for us to be more 518 00:27:40,720 --> 00:27:42,320 Speaker 7: at home where we can do things like this and 519 00:27:42,320 --> 00:27:44,800 Speaker 7: get more involved within our charitable work. 520 00:27:45,000 --> 00:27:47,720 Speaker 11: You're here, and when you're looking at this year, like 521 00:27:47,760 --> 00:27:49,840 Speaker 11: you said, being able to get out there with the 522 00:27:49,840 --> 00:27:52,520 Speaker 11: golfers and really interact in a way that you weren't 523 00:27:52,520 --> 00:27:55,760 Speaker 11: able to last year playing with them, tell us more 524 00:27:55,800 --> 00:27:59,120 Speaker 11: about how you being there is super beneficial because it's 525 00:27:59,240 --> 00:28:02,080 Speaker 11: it's not just them having the experience on the course, 526 00:28:02,160 --> 00:28:05,720 Speaker 11: but it's lessons and it's all of the different experiences, 527 00:28:05,800 --> 00:28:09,600 Speaker 11: more skills and having you there. How does that feel 528 00:28:09,600 --> 00:28:11,240 Speaker 11: connecting with them on that level. 529 00:28:12,240 --> 00:28:14,480 Speaker 7: Well, they're all amazing players in their own rights, and 530 00:28:14,480 --> 00:28:17,919 Speaker 7: they come from like I said, you know, eighteen different 531 00:28:18,160 --> 00:28:20,719 Speaker 7: eighteen different states, so they're they're from you know, the 532 00:28:20,720 --> 00:28:23,240 Speaker 7: corners of the country, and I remember that from last year. 533 00:28:24,400 --> 00:28:27,000 Speaker 7: I think where I could it's it's great, you know, 534 00:28:27,040 --> 00:28:28,639 Speaker 7: they all know what they're doing. So as far as 535 00:28:28,680 --> 00:28:31,600 Speaker 7: the golf stuff goes, there's you know, everybody's kind of 536 00:28:31,640 --> 00:28:32,160 Speaker 7: got there. 537 00:28:32,280 --> 00:28:33,200 Speaker 3: They're great players. 538 00:28:33,240 --> 00:28:37,040 Speaker 7: But it's funny because they're never short on questions and 539 00:28:37,080 --> 00:28:39,120 Speaker 7: it doesn't necessarily have anything to do with golf. 540 00:28:39,160 --> 00:28:40,640 Speaker 3: Sometimes it does, sometimes it doesn't. 541 00:28:40,680 --> 00:28:43,880 Speaker 7: It's you know, uh, you know, I'll probably get asked 542 00:28:43,880 --> 00:28:48,320 Speaker 7: about Happy Gilmore. I'll probably get asked that, you know, 543 00:28:48,400 --> 00:28:51,080 Speaker 7: if ever, if I've ever been to, you know, someplace 544 00:28:51,120 --> 00:28:52,640 Speaker 7: around where they live, something like that. 545 00:28:52,720 --> 00:28:54,960 Speaker 3: It's just their kids and it's fun to be a 546 00:28:55,080 --> 00:28:57,840 Speaker 3: kid for a day. And I was. 547 00:28:58,160 --> 00:29:00,000 Speaker 7: I was with them every step of the way last year, 548 00:29:00,000 --> 00:29:03,040 Speaker 7: but I wouldn't able to hit any shots. So they're getting 549 00:29:03,600 --> 00:29:04,360 Speaker 7: younger and younger. 550 00:29:05,000 --> 00:29:06,960 Speaker 6: I was going to ask you about Happy Gilmore, but 551 00:29:07,040 --> 00:29:07,960 Speaker 6: that changed my mind. 552 00:29:08,840 --> 00:29:10,880 Speaker 4: But you know, Michael Barr and Michael Barr knows this, Jordan, 553 00:29:11,040 --> 00:29:12,960 Speaker 4: I am. I'm sort of a super fan. I feel 554 00:29:13,000 --> 00:29:15,000 Speaker 4: like you and I could be really close friends someday. 555 00:29:15,080 --> 00:29:18,480 Speaker 4: But you know what really impresses me about you is 556 00:29:19,000 --> 00:29:21,640 Speaker 4: you know, your your younger sister Ellie, my daughter Emma, 557 00:29:21,680 --> 00:29:22,680 Speaker 4: that cut from the same cloth. 558 00:29:22,720 --> 00:29:24,200 Speaker 2: You know what I mean by that? And you know 559 00:29:24,400 --> 00:29:26,560 Speaker 2: all you've done for special needs for children. 560 00:29:26,760 --> 00:29:30,800 Speaker 4: I mean, you have three young children now, I believe Sammy, Sophie, and. 561 00:29:30,800 --> 00:29:32,920 Speaker 2: Sally all the first and co figures. 562 00:29:33,080 --> 00:29:36,440 Speaker 4: So speak right, Jordan, talk to us a little bit 563 00:29:36,440 --> 00:29:38,920 Speaker 4: about the impact always had in your career, on your life, 564 00:29:38,920 --> 00:29:40,959 Speaker 4: on your family, and on your young children. 565 00:29:41,640 --> 00:29:45,200 Speaker 3: Well, I think first and foremost perspective, especially in kind 566 00:29:45,240 --> 00:29:47,080 Speaker 3: of the the. 567 00:29:46,920 --> 00:29:50,920 Speaker 7: Bubble of being a professional athlete or even just growing 568 00:29:51,000 --> 00:29:55,040 Speaker 7: up you know, along that path, right, is just perspective 569 00:29:55,040 --> 00:29:57,880 Speaker 7: on really where you know, what's really important in life, 570 00:29:57,920 --> 00:30:03,560 Speaker 7: right and family first. It just it's just a daily 571 00:30:03,640 --> 00:30:07,520 Speaker 7: reminder of what a lot of families are. And as 572 00:30:07,560 --> 00:30:10,680 Speaker 7: you mentioned, I mean, my little sister special needs. So 573 00:30:11,000 --> 00:30:13,760 Speaker 7: she's seven years younger than me. So my brother's eighteen 574 00:30:13,800 --> 00:30:15,959 Speaker 7: months younger than me, so we we were kind of 575 00:30:16,240 --> 00:30:19,800 Speaker 7: very much bigger older brothers that you know, at times 576 00:30:19,800 --> 00:30:23,200 Speaker 7: you're taking parental roles in that because you're our sister, 577 00:30:23,360 --> 00:30:26,280 Speaker 7: you know, stayed young for a long time, as kids 578 00:30:26,280 --> 00:30:29,920 Speaker 7: with special needs do. So I think it's certainly helped 579 00:30:29,920 --> 00:30:32,760 Speaker 7: as a parent. You know, your patience level stuff like 580 00:30:32,800 --> 00:30:36,200 Speaker 7: that that I don't have outside of being but you 581 00:30:36,320 --> 00:30:39,840 Speaker 7: have to and uh, you know, but I think perspective 582 00:30:39,920 --> 00:30:42,120 Speaker 7: is probably the the you know, the number one key, 583 00:30:42,120 --> 00:30:44,360 Speaker 7: and then and then recognizing that when you do have 584 00:30:44,400 --> 00:30:49,720 Speaker 7: a platform, it is important, whether you're an introvert an extrovert, 585 00:30:49,760 --> 00:30:52,160 Speaker 7: it's important to recognize that it can make a difference. 586 00:30:52,200 --> 00:30:54,800 Speaker 7: And I think I was told that, you know, I 587 00:30:54,840 --> 00:30:57,800 Speaker 7: was brought up that way, and then between those that 588 00:30:57,840 --> 00:31:00,680 Speaker 7: I've worked with, I've been told that how important that is. 589 00:31:00,720 --> 00:31:04,200 Speaker 7: And it's been super fun too, you know, to be 590 00:31:04,480 --> 00:31:06,920 Speaker 7: what twelve years into eleven years into. 591 00:31:07,080 --> 00:31:10,080 Speaker 3: A foundation now and all that we've been able to 592 00:31:10,120 --> 00:31:10,479 Speaker 3: do with it. 593 00:31:10,560 --> 00:31:16,200 Speaker 7: So yeah, as you mentioned, it's for golf, it's you know, 594 00:31:16,320 --> 00:31:18,720 Speaker 7: you get out there and it I'd like to say, 595 00:31:18,960 --> 00:31:20,720 Speaker 7: you know, it makes a huge difference, to be fair. 596 00:31:20,760 --> 00:31:22,440 Speaker 7: You know, I'm a competitor and I get out there 597 00:31:22,480 --> 00:31:26,200 Speaker 7: and it oftentimes you know, you're just in your own 598 00:31:26,280 --> 00:31:28,280 Speaker 7: you're in your own space, but the second you get 599 00:31:28,280 --> 00:31:31,560 Speaker 7: off the course, it makes a huge difference just recognizing 600 00:31:31,600 --> 00:31:32,800 Speaker 7: what really is important in life. 601 00:31:32,840 --> 00:31:34,600 Speaker 4: Well, Jordan, I mean, look, I'm fifty one years old, 602 00:31:34,640 --> 00:31:36,240 Speaker 4: so as a parent, and I have an older son 603 00:31:36,440 --> 00:31:38,920 Speaker 4: who's twenty one, my middle seventeen, So you know, I 604 00:31:38,920 --> 00:31:41,680 Speaker 4: mean your parents Chris, you know, I mean everything you've done, 605 00:31:41,720 --> 00:31:44,080 Speaker 4: the impact that you know you've probably had on them. 606 00:31:44,120 --> 00:31:46,560 Speaker 4: Just being able to live with it, learn from it, 607 00:31:46,680 --> 00:31:48,160 Speaker 4: evolve from it is unbelievable. 608 00:31:48,160 --> 00:31:48,880 Speaker 2: So you're my hero. 609 00:31:49,000 --> 00:31:51,320 Speaker 4: But let's just talk about Tony Roma for one minute. 610 00:31:51,360 --> 00:31:53,920 Speaker 4: I mean, you know, you keep beating up on Tony. 611 00:31:54,200 --> 00:31:55,920 Speaker 4: I mean, like the poor guy. I mean you could 612 00:31:55,960 --> 00:31:58,680 Speaker 4: see it on TV. Michael Barr, his eyes, he just 613 00:31:58,720 --> 00:32:02,760 Speaker 4: looks beaten, beaten down Brooke even country Club Dallas, Texas, 614 00:32:02,800 --> 00:32:04,520 Speaker 4: tell us a little bit about what's going on down there. 615 00:32:05,800 --> 00:32:08,040 Speaker 3: Well, we uh yeah, we do play with Tony quite 616 00:32:08,080 --> 00:32:08,320 Speaker 3: a bit. 617 00:32:09,080 --> 00:32:13,040 Speaker 7: I will say between myself and uh and and scottis Scheffler, 618 00:32:13,120 --> 00:32:19,760 Speaker 7: he's he's certainly uh well, he's he's he's working hard. 619 00:32:23,800 --> 00:32:25,040 Speaker 3: But he's a really good player. 620 00:32:25,240 --> 00:32:28,960 Speaker 7: It's fun games, been playing for years now, and he's 621 00:32:28,960 --> 00:32:29,800 Speaker 7: help health. 622 00:32:29,840 --> 00:32:30,800 Speaker 3: When he was in the NFL. 623 00:32:30,880 --> 00:32:33,480 Speaker 7: You know, he's kind of it's maybe a little bit 624 00:32:33,480 --> 00:32:36,000 Speaker 7: easier on his body, but yeah, he's a he's a 625 00:32:36,000 --> 00:32:36,560 Speaker 7: great player. 626 00:32:36,600 --> 00:32:38,760 Speaker 3: And if you see some wear and tear, probably was 627 00:32:38,760 --> 00:32:39,240 Speaker 3: a rough. 628 00:32:39,120 --> 00:32:41,320 Speaker 7: Week on the course and it looks a little if 629 00:32:41,320 --> 00:32:44,400 Speaker 7: it looks that way on Sunday, But yeah, down here, 630 00:32:44,560 --> 00:32:46,760 Speaker 7: so I grew up. You know, it's interesting about this event, 631 00:32:47,280 --> 00:32:51,440 Speaker 7: you know invited, uh my, as I mentioned, my partnership 632 00:32:51,440 --> 00:32:53,240 Speaker 7: is invited, But I grew up at an invited club 633 00:32:53,240 --> 00:32:56,080 Speaker 7: at brook Gaven Country Club like you just mentioned, and that's. 634 00:32:55,920 --> 00:32:56,760 Speaker 3: Where I learned the game. 635 00:32:56,960 --> 00:32:59,720 Speaker 7: So it's kind of it was almost like it was 636 00:32:59,720 --> 00:33:01,440 Speaker 7: always we're always going to try to figure out a 637 00:33:01,440 --> 00:33:03,600 Speaker 7: way to work together, and finally we did. And it's 638 00:33:03,640 --> 00:33:06,360 Speaker 7: kind of cool to do it this way where're bringing 639 00:33:06,360 --> 00:33:11,960 Speaker 7: people in from you know, invited clubs, clubs where it's 640 00:33:12,000 --> 00:33:15,200 Speaker 7: it's they're trying to be more inclusive while still being 641 00:33:15,320 --> 00:33:18,360 Speaker 7: top notch opportunities for kids to learn to play the 642 00:33:18,360 --> 00:33:20,760 Speaker 7: game and then to do it and teach them kind 643 00:33:20,800 --> 00:33:23,600 Speaker 7: of charitable work within everything else at the that golf 644 00:33:23,960 --> 00:33:28,000 Speaker 7: in general, all the great attributes of learning the game 645 00:33:28,040 --> 00:33:31,760 Speaker 7: of golf with integrity and sports and ship that kind 646 00:33:31,800 --> 00:33:34,120 Speaker 7: of stuff where you're on your own and you've got 647 00:33:34,160 --> 00:33:37,000 Speaker 7: to you take things in your own hands to kind 648 00:33:37,000 --> 00:33:39,800 Speaker 7: of throw that charitable side into it. I mean, these 649 00:33:39,880 --> 00:33:43,480 Speaker 7: these these golfers played fifteen thousand holes, raising one hundred 650 00:33:43,480 --> 00:33:44,960 Speaker 7: and eighteen thousand dollars just. 651 00:33:44,960 --> 00:33:46,920 Speaker 3: Through this initiative. 652 00:33:47,960 --> 00:33:50,480 Speaker 7: So to bring them in here and try to I 653 00:33:50,520 --> 00:33:53,720 Speaker 7: mean try to help them have just a phenomenal day. 654 00:33:53,880 --> 00:33:55,600 Speaker 3: We've got eighty three. 655 00:33:55,400 --> 00:33:59,200 Speaker 7: Degree weather in November here in Dallas, and so it's 656 00:33:59,200 --> 00:34:01,160 Speaker 7: set up to be a a fantastic event. 657 00:34:01,200 --> 00:34:05,840 Speaker 6: Again, twenty fifteen, you were twenty one years old and 658 00:34:05,880 --> 00:34:10,200 Speaker 6: you had the season of your life. You won five times, 659 00:34:10,239 --> 00:34:14,239 Speaker 6: including the Masters and the US opened. Can you take 660 00:34:14,320 --> 00:34:17,600 Speaker 6: us back to that portal ten years ago and what 661 00:34:17,680 --> 00:34:18,719 Speaker 6: that season was like. 662 00:34:19,640 --> 00:34:22,400 Speaker 7: It was almost like ignorance is blissen away, I guess. 663 00:34:23,239 --> 00:34:25,400 Speaker 7: But also, you know, you look at these other sports 664 00:34:25,440 --> 00:34:27,800 Speaker 7: and guys come out their rookie year and it's like 665 00:34:27,840 --> 00:34:30,560 Speaker 7: their third year, especially like the NBA, right, they wait 666 00:34:30,640 --> 00:34:32,439 Speaker 7: for that third year. Well, that was my third year, 667 00:34:32,560 --> 00:34:35,120 Speaker 7: so I kind of got my feet wet rookie year. 668 00:34:35,560 --> 00:34:37,239 Speaker 7: I had a chance knocked on the door of my 669 00:34:37,320 --> 00:34:39,880 Speaker 7: second year, had a chance to win the Masters and 670 00:34:39,880 --> 00:34:41,960 Speaker 7: the Players and just barely fell short. And you just 671 00:34:42,040 --> 00:34:46,080 Speaker 7: kind of learn from those experiences and you're still kind 672 00:34:46,120 --> 00:34:50,440 Speaker 7: of you know, all I was doing was golf, waking up, golfing, 673 00:34:50,520 --> 00:34:51,240 Speaker 7: going to bed. 674 00:34:51,320 --> 00:34:51,400 Speaker 3: And. 675 00:34:52,960 --> 00:34:55,040 Speaker 7: So then I came out and yeah, let it run. 676 00:34:55,080 --> 00:34:57,880 Speaker 7: That year for sure, I had had some nice momentum 677 00:34:58,120 --> 00:35:00,960 Speaker 7: going into the Masters, and then obviously that was that 678 00:35:01,040 --> 00:35:03,680 Speaker 7: was kind of the big the big opening there where 679 00:35:04,160 --> 00:35:06,120 Speaker 7: everything kind of took off from there. So I'd won, 680 00:35:06,440 --> 00:35:08,439 Speaker 7: I had won earlier in the season. Then I came 681 00:35:08,480 --> 00:35:11,520 Speaker 7: on two back to back runner ups and then went 682 00:35:11,560 --> 00:35:14,480 Speaker 7: and you know, took the lead the first round and 683 00:35:15,200 --> 00:35:17,560 Speaker 7: kept the lead the entire way. So that was a 684 00:35:17,600 --> 00:35:20,440 Speaker 7: special week. And then yeah, I wrote it into the 685 00:35:20,520 --> 00:35:22,880 Speaker 7: US Open, and from there it almost. 686 00:35:22,640 --> 00:35:24,400 Speaker 3: Seemed like everything was a little bit easier. 687 00:35:24,400 --> 00:35:26,640 Speaker 7: It is kind of getting over that first hump and 688 00:35:27,080 --> 00:35:29,920 Speaker 7: at the Masters, and it was it was a special 689 00:35:29,960 --> 00:35:32,799 Speaker 7: season for sure, and feeling like, you know, I've got 690 00:35:32,880 --> 00:35:35,759 Speaker 7: opportunities to go on runs like that again. And I'm 691 00:35:35,760 --> 00:35:38,400 Speaker 7: at thirty thirty two now, but ten years removed from 692 00:35:38,440 --> 00:35:41,120 Speaker 7: that season, but you know, thirty two is still kind 693 00:35:41,120 --> 00:35:44,320 Speaker 7: of right in the middle for golf. So I feel, 694 00:35:44,920 --> 00:35:46,719 Speaker 7: as much as I like taking a trip back down 695 00:35:46,719 --> 00:35:49,040 Speaker 7: memory lane, I'm certainly proud of everything that happened. I'm 696 00:35:49,200 --> 00:35:53,279 Speaker 7: pretty fired to try to try to, you know, touch 697 00:35:53,360 --> 00:35:54,120 Speaker 7: that level again. 698 00:35:54,480 --> 00:35:57,200 Speaker 11: Jordan, I have to ask, you know, golf has obviously 699 00:35:57,360 --> 00:36:00,799 Speaker 11: been plagued by this discussion between PGA and live for 700 00:36:00,840 --> 00:36:03,720 Speaker 11: the last few years, and at some point it looked 701 00:36:03,719 --> 00:36:06,719 Speaker 11: like there would be a resolve, but that hasn't happened yet. 702 00:36:07,120 --> 00:36:09,840 Speaker 11: Do you still think that something that is going to 703 00:36:09,920 --> 00:36:15,360 Speaker 11: happen or is it just seems like everyone's happy running 704 00:36:15,680 --> 00:36:19,080 Speaker 11: with their own entity as it is right now. 705 00:36:19,320 --> 00:36:23,160 Speaker 7: Seems like both. I mean, everyone's kind of running at 706 00:36:23,160 --> 00:36:25,560 Speaker 7: their own pace. It looked like at some point that 707 00:36:25,760 --> 00:36:28,560 Speaker 7: twenty twenty six was going to start, you know, back 708 00:36:28,640 --> 00:36:32,919 Speaker 7: to some form of a unification of it, and turns out, 709 00:36:33,080 --> 00:36:35,279 Speaker 7: I guess, you know, I'm not as involved as I was, 710 00:36:36,400 --> 00:36:40,320 Speaker 7: and happily so right now, I kind of I'm glad 711 00:36:40,360 --> 00:36:42,319 Speaker 7: that I was involved for a little while, and I 712 00:36:42,360 --> 00:36:45,160 Speaker 7: think we have I can only speak to the PGA 713 00:36:45,200 --> 00:36:49,319 Speaker 7: Tour side of things, but between the investors are our 714 00:36:49,360 --> 00:36:53,640 Speaker 7: new CEO, the players. The schedule. Last year was a 715 00:36:53,680 --> 00:36:56,040 Speaker 7: really really good year for us. Twenty twenty five is 716 00:36:56,040 --> 00:36:59,160 Speaker 7: a really good year for the PGA Tour, and so 717 00:36:59,200 --> 00:37:00,920 Speaker 7: I think you feel becus on trying to make the 718 00:37:00,960 --> 00:37:02,960 Speaker 7: best product that the PGA Tour can have and then 719 00:37:03,239 --> 00:37:05,879 Speaker 7: however else it's gonna you know, fall, it's gonna fall, 720 00:37:06,080 --> 00:37:08,360 Speaker 7: So we can't really control what's going on. You know, 721 00:37:08,600 --> 00:37:12,000 Speaker 7: on the live side, it seems like they're happy with 722 00:37:12,040 --> 00:37:15,359 Speaker 7: where they're at, but at some point, you know, they've 723 00:37:15,400 --> 00:37:17,359 Speaker 7: showed interest in combining the game. 724 00:37:17,480 --> 00:37:21,279 Speaker 5: So do you think a unification would be helpful for 725 00:37:21,400 --> 00:37:21,840 Speaker 5: the sport? 726 00:37:23,000 --> 00:37:25,359 Speaker 7: I mean it seems that way when yeah, I think 727 00:37:25,560 --> 00:37:29,120 Speaker 7: I think absolutely, but under the correct terms, under the 728 00:37:29,160 --> 00:37:32,800 Speaker 7: right under the right way to to bring it back together, 729 00:37:32,840 --> 00:37:34,640 Speaker 7: because it wasn't that long ago. 730 00:37:34,719 --> 00:37:36,319 Speaker 3: It was so well. 731 00:37:36,440 --> 00:37:39,400 Speaker 6: I have never seen Damien come in the studio early. 732 00:37:40,320 --> 00:37:42,400 Speaker 6: And when they said that we're going to talk to 733 00:37:42,520 --> 00:37:45,520 Speaker 6: Jordan Speed, Damian was like, oh, let me get my shoes. 734 00:37:45,640 --> 00:37:53,840 Speaker 4: It's like, come on in, come in our Thanks to 735 00:37:53,960 --> 00:37:56,000 Speaker 4: Jordan's Speed for taking the time for us. 736 00:37:56,200 --> 00:37:58,440 Speaker 6: And that does it for this edition of The Bloomberg 737 00:37:58,480 --> 00:38:02,640 Speaker 6: Business of Sports for my colleague Damien Sasseur and Vanessa Perdomo, 738 00:38:02,840 --> 00:38:03,720 Speaker 6: I'm Michael Barr. 739 00:38:03,920 --> 00:38:05,960 Speaker 4: Tune in again next week for the latest on the 740 00:38:06,000 --> 00:38:08,799 Speaker 4: stories moving big money in the world of sports. And 741 00:38:08,840 --> 00:38:12,719 Speaker 4: don't forget to catch our podcast on all your podcast platforms. 742 00:38:12,920 --> 00:38:15,920 Speaker 6: Yeah, you're listening to The Bloomberg Business of Sports from 743 00:38:15,920 --> 00:38:17,920 Speaker 6: Bloomberger Radio around the world.