1
00:00:00,720 --> 00:00:03,560
Speaker 1: This is the Bloomberg Business of Sports show. We explored

2
00:00:03,600 --> 00:00:05,360
Speaker 1: the big money issues in the world of sports on

3
00:00:05,519 --> 00:00:08,920
Speaker 1: Michael Barn I'm Scarlett fou on the show. Today we

4
00:00:09,039 --> 00:00:13,600
Speaker 1: welcome Ron Kruschowski. He is chairman and CEO of ste

5
00:00:13,640 --> 00:00:16,760
Speaker 1: Full Financial Corporation, which late last year became the title

6
00:00:16,800 --> 00:00:19,239
Speaker 1: sponsor of the US Alpine Ski team. And turns out

7
00:00:19,239 --> 00:00:21,560
Speaker 1: they struck that deal right on time because the team

8
00:00:21,640 --> 00:00:24,480
Speaker 1: is led by Michaela Schiffrin, who recently broke the record

9
00:00:24,840 --> 00:00:27,960
Speaker 1: for most World Cup wins by a woman with three.

10
00:00:28,320 --> 00:00:31,080
Speaker 1: There it is the final guft but let you get

11
00:00:31,120 --> 00:00:38,080
Speaker 1: that Kaela Schiffred victory number eighty three. That was Schiffen's

12
00:00:38,080 --> 00:00:42,080
Speaker 1: when captured by a very excited NBC Sports. Steples deal

13
00:00:42,280 --> 00:00:46,480
Speaker 1: with the US Alpine Ski team includes a special financial

14
00:00:46,640 --> 00:00:50,600
Speaker 1: education program for the athletes as well, and we'll dive

15
00:00:50,640 --> 00:00:54,960
Speaker 1: into all of that and more with Ron Schukovsky. He

16
00:00:55,200 --> 00:00:58,000
Speaker 1: is with the show right now with the Bloomberg Business

17
00:00:58,040 --> 00:01:00,880
Speaker 1: of Sports Round. Welcome to the show. I'm pleased to

18
00:01:01,160 --> 00:01:04,600
Speaker 1: join you. We got to bring this up, Tom Brady.

19
00:01:04,720 --> 00:01:08,480
Speaker 1: We talked about a guy who's made a fistfull of cash. Uh.

20
00:01:08,520 --> 00:01:12,720
Speaker 1: He is officially retiring and he says this time is yeah,

21
00:01:13,080 --> 00:01:15,399
Speaker 1: it says this is for good this time now this

22
00:01:15,480 --> 00:01:19,000
Speaker 1: is According to the database spot track, Brady has earned

23
00:01:19,000 --> 00:01:22,000
Speaker 1: more than three two million dollars twenty three seasons in

24
00:01:22,000 --> 00:01:26,039
Speaker 1: the NFL. He has endorsement deals with under Armor and

25
00:01:26,160 --> 00:01:30,840
Speaker 1: Hurts among other big brands. Forgot. I mean, it's huge.

26
00:01:32,040 --> 00:01:34,399
Speaker 1: So so when can the skiers get in on all

27
00:01:34,520 --> 00:01:37,080
Speaker 1: this and get all this endorsement stuff? You know that

28
00:01:37,240 --> 00:01:40,880
Speaker 1: That's a great question. And I think that what it

29
00:01:40,920 --> 00:01:43,560
Speaker 1: comes to is at the United States, one of the

30
00:01:43,760 --> 00:01:46,120
Speaker 1: obviously the biggest market in the world and one of

31
00:01:46,120 --> 00:01:49,880
Speaker 1: the biggest sports markets in the world, um comes to

32
00:01:50,240 --> 00:01:54,640
Speaker 1: understand and appreciate the alpine skiing, uh, you know, as

33
00:01:54,680 --> 00:01:57,920
Speaker 1: they that they do football. Maybe not quite that. I'll

34
00:01:57,920 --> 00:02:01,160
Speaker 1: give you an example of World Championships are gonna be

35
00:02:01,760 --> 00:02:05,360
Speaker 1: starting in Courseable France, and I was looking at some

36
00:02:05,440 --> 00:02:08,480
Speaker 1: numbers you don't talk the business of sports, and approximately

37
00:02:08,520 --> 00:02:12,560
Speaker 1: the estimates are about four million Americans will watch it, uh,

38
00:02:12,639 --> 00:02:18,799
Speaker 1: you know, and delayed or or streaming uh in Germany

39
00:02:19,280 --> 00:02:23,320
Speaker 1: ten times that amount ten times. So I think that

40
00:02:23,400 --> 00:02:26,880
Speaker 1: when your listeners understand and maybe some of them do them,

41
00:02:26,919 --> 00:02:31,520
Speaker 1: some of them, don't MICHAELA Shipwrin is the goat. The goat.

42
00:02:31,720 --> 00:02:36,000
Speaker 1: She is one win away from the all time record,

43
00:02:36,000 --> 00:02:38,080
Speaker 1: which you think of our stem mark of eighties six

44
00:02:38,080 --> 00:02:42,799
Speaker 1: wins and she's twenty seven years old. It's incredible. And

45
00:02:42,800 --> 00:02:45,640
Speaker 1: and for us talk about catching lightning in a bottle.

46
00:02:46,160 --> 00:02:48,560
Speaker 1: We we signed the steal last year. No one thought

47
00:02:48,600 --> 00:02:51,200
Speaker 1: she'd have this kind of year. Maybe I did, but

48
00:02:51,320 --> 00:02:56,440
Speaker 1: maybe that's about it. Pretty incredible timing um definitely given

49
00:02:56,520 --> 00:02:59,000
Speaker 1: uh what she has been able to do, not just

50
00:02:59,120 --> 00:03:02,240
Speaker 1: of late, but throughout her career. And Stephile also has

51
00:03:02,520 --> 00:03:05,560
Speaker 1: sponsorship agreements with the St. Louis Blues, which of course

52
00:03:05,560 --> 00:03:08,480
Speaker 1: plays in your hometown. Uh there, you're the official jersey

53
00:03:08,480 --> 00:03:12,880
Speaker 1: sponsor and several PJA golfers, and are also the presenting

54
00:03:12,919 --> 00:03:16,080
Speaker 1: sponsor of the Hoskins and Antako Awards, which recognize the

55
00:03:16,160 --> 00:03:19,040
Speaker 1: USS top collegiate golfers. Can you talk a little bit

56
00:03:19,080 --> 00:03:23,079
Speaker 1: overall about the strategy behind why steeple is aligning so

57
00:03:23,160 --> 00:03:26,840
Speaker 1: closely with athletes and with sports. Well, first of all,

58
00:03:26,880 --> 00:03:29,880
Speaker 1: I give my own little bit of marketing line here

59
00:03:30,000 --> 00:03:34,880
Speaker 1: with steeple Um. What we say is that we're an

60
00:03:34,960 --> 00:03:41,080
Speaker 1: organization where success meets success. So if UM we want,

61
00:03:41,280 --> 00:03:46,440
Speaker 1: we want to be aligned with successful people, and athletes

62
00:03:46,480 --> 00:03:51,600
Speaker 1: are the you know, the most obvious example of success,

63
00:03:51,680 --> 00:03:56,560
Speaker 1: whether whether you're Tom Brady or MICHAELA Schiffrin or frankly

64
00:03:57,040 --> 00:04:00,680
Speaker 1: a young collegiate golfer that's gonna be the next Tiger

65
00:04:00,720 --> 00:04:04,920
Speaker 1: Woods or you know, the next athlete. So we see

66
00:04:05,480 --> 00:04:09,640
Speaker 1: UH sports and especially individual sports like golf and skiing

67
00:04:10,400 --> 00:04:15,440
Speaker 1: as epitomizing the values and core beliefs that we embrace

68
00:04:15,520 --> 00:04:17,839
Speaker 1: as a as a company. So it's rather it's a

69
00:04:17,920 --> 00:04:21,880
Speaker 1: rather easy um uh connection for us. But it's interesting

70
00:04:21,880 --> 00:04:24,560
Speaker 1: that you say individual athletes as opposed to team sports.

71
00:04:24,560 --> 00:04:27,800
Speaker 1: Can you expand on that? Well, I think, look, there's

72
00:04:27,800 --> 00:04:30,880
Speaker 1: no Eyeon team as as people like to say, and

73
00:04:31,120 --> 00:04:35,279
Speaker 1: U we UH team sports do not have from a

74
00:04:35,400 --> 00:04:41,800
Speaker 1: from a marketing perspective, UH necessarily the same ability to

75
00:04:41,880 --> 00:04:45,080
Speaker 1: identify with success or even success and failure. You know,

76
00:04:45,120 --> 00:04:48,040
Speaker 1: one of the great stories about MICHAELA, even though she's

77
00:04:48,080 --> 00:04:50,680
Speaker 1: the greatest of all time, where she did not have

78
00:04:51,160 --> 00:04:54,440
Speaker 1: UM a stellar Olympics to say the least. And I've

79
00:04:54,440 --> 00:04:57,159
Speaker 1: talked to her about that and and how what she

80
00:04:57,279 --> 00:05:00,640
Speaker 1: talks about in a view listen to her, you will

81
00:05:00,760 --> 00:05:05,279
Speaker 1: see that even the greatest have failures. Um, and you

82
00:05:05,320 --> 00:05:08,560
Speaker 1: know Michael Jordan's said, you know how many shots he

83
00:05:08,640 --> 00:05:11,239
Speaker 1: missed in his career, and yet you know he always

84
00:05:11,279 --> 00:05:14,280
Speaker 1: wanted to have the last shot. And I'm sure Tom

85
00:05:14,320 --> 00:05:18,240
Speaker 1: Brady you know, has stories of his failures. Uh. So

86
00:05:18,400 --> 00:05:24,039
Speaker 1: individuals are easier to relate to. Teams are important, but

87
00:05:24,120 --> 00:05:27,239
Speaker 1: don't have an individual component that we that we value.

88
00:05:27,680 --> 00:05:30,400
Speaker 1: That said, we're a big sponsor of the Blues as

89
00:05:30,440 --> 00:05:33,400
Speaker 1: a team. You mentioned that you need to have the

90
00:05:33,440 --> 00:05:37,720
Speaker 1: skills and traits required to be a top athlete, and

91
00:05:37,760 --> 00:05:40,000
Speaker 1: it has to mirror what it takes to be a

92
00:05:40,040 --> 00:05:43,800
Speaker 1: successful investor. In other words, to coin my father's words,

93
00:05:43,839 --> 00:05:47,720
Speaker 1: don't be a knucklehead? What do you do to to

94
00:05:48,520 --> 00:05:51,080
Speaker 1: what are what are the skills to be a top

95
00:05:51,120 --> 00:05:53,640
Speaker 1: investor if you are a top athlete, Well, you know,

96
00:05:53,760 --> 00:05:58,400
Speaker 1: look it's it's uh, it's skill. You need perseverance, you know,

97
00:05:58,560 --> 00:06:03,479
Speaker 1: especially in investing. If you if you just become emotional

98
00:06:03,800 --> 00:06:07,160
Speaker 1: with the markets, you're you're gonna what your dad say,

99
00:06:07,240 --> 00:06:10,400
Speaker 1: be a knucklehead. You'll be You'll be a knucklehead if

100
00:06:10,640 --> 00:06:13,479
Speaker 1: if you do that and and uh of course, what

101
00:06:13,560 --> 00:06:18,320
Speaker 1: we what we do, and every great athlete you know,

102
00:06:18,400 --> 00:06:21,800
Speaker 1: has a support system, and what we want to do

103
00:06:22,040 --> 00:06:25,240
Speaker 1: for our clients has provide a support system, you know,

104
00:06:25,320 --> 00:06:31,440
Speaker 1: not necessarily for athletic prownness, but for savings and retirement

105
00:06:31,640 --> 00:06:36,200
Speaker 1: and financial advice, prounness, and so the qualities that it

106
00:06:36,240 --> 00:06:41,760
Speaker 1: takes skill, dedication, perseverance to be a great athlete, we

107
00:06:41,800 --> 00:06:45,760
Speaker 1: believe those skills are needed to be a great investor

108
00:06:46,480 --> 00:06:50,080
Speaker 1: and not be a knucklehead. I like that, actually, I

109
00:06:50,160 --> 00:06:54,039
Speaker 1: like your dad. So talk a little bit about what

110
00:06:54,160 --> 00:06:56,800
Speaker 1: your strategy or what you're thinking is in terms of

111
00:06:56,839 --> 00:07:00,520
Speaker 1: further expanding into the sports world. You articulated, um, the

112
00:07:00,640 --> 00:07:04,239
Speaker 1: value of individual athletes as opposed to an entire team.

113
00:07:04,440 --> 00:07:09,440
Speaker 1: Really looking to identify the traits and individuals that your customers,

114
00:07:09,480 --> 00:07:12,280
Speaker 1: that your customer based UH might be able to relate to.

115
00:07:12,880 --> 00:07:15,880
Speaker 1: Where do you see CELS involvement in the sports world

116
00:07:15,960 --> 00:07:19,840
Speaker 1: expanding to Well, you know, I think my board probably

117
00:07:19,880 --> 00:07:23,760
Speaker 1: thinks I've done a fair amount here. I'm not. I mean,

118
00:07:23,840 --> 00:07:27,680
Speaker 1: you know again, we do. We're involved in college golf, UM,

119
00:07:28,080 --> 00:07:31,120
Speaker 1: we're involved on the on the pro level of golf.

120
00:07:31,120 --> 00:07:35,440
Speaker 1: Were involved with hockey, UM, we we do UM, you know,

121
00:07:35,480 --> 00:07:38,320
Speaker 1: we do the l A Bowl. Um, that's more branding

122
00:07:38,360 --> 00:07:42,800
Speaker 1: for us, and of course, UM, the USK team uh

123
00:07:42,800 --> 00:07:45,640
Speaker 1: and the individuals on the USK team. So at this point,

124
00:07:46,280 --> 00:07:48,360
Speaker 1: you know, I know this is the you know, the

125
00:07:48,400 --> 00:07:51,120
Speaker 1: business of sports here. I think I think my plates

126
00:07:51,200 --> 00:07:54,680
Speaker 1: kind of full right now in terms of what we're doing. Now,

127
00:07:54,720 --> 00:07:58,119
Speaker 1: I'm gonna ask a silly question because you mentioned about golfers, uh,

128
00:07:58,120 --> 00:08:01,120
Speaker 1: and you are the presenting sponsor of the Haskins and

129
00:08:01,280 --> 00:08:04,640
Speaker 1: Anika Awards. If I'm saying that right, I'm assuming we're

130
00:08:04,640 --> 00:08:09,280
Speaker 1: talking about Annika Sorenstam. Absolutely, the Haskins Award is for

131
00:08:09,760 --> 00:08:14,920
Speaker 1: the best male collegiate golfer voted by their peers and coaches,

132
00:08:15,160 --> 00:08:19,520
Speaker 1: and the Anika is the is the correlation for the women.

133
00:08:20,640 --> 00:08:24,080
Speaker 1: What does it take? Because you got your your hands

134
00:08:24,080 --> 00:08:26,880
Speaker 1: in a lot here, a lot of great sports. It

135
00:08:27,280 --> 00:08:30,840
Speaker 1: you must be stretched to the limit because you know,

136
00:08:31,080 --> 00:08:34,360
Speaker 1: you've got top athletes all over the place, UH, and

137
00:08:34,440 --> 00:08:37,320
Speaker 1: you've got you've got a good map of what it

138
00:08:37,360 --> 00:08:42,680
Speaker 1: takes to help these athletes bring in sponsorships and bring

139
00:08:42,720 --> 00:08:47,760
Speaker 1: in more sponsorships and more sponsorships. What do you tell them? Yeah,

140
00:08:47,800 --> 00:08:52,800
Speaker 1: you know that the athletes we want to be themselves. Okay,

141
00:08:53,160 --> 00:08:57,439
Speaker 1: we like, uh, you know, we obviously want them to

142
00:08:57,640 --> 00:09:02,199
Speaker 1: be good, you know, citizens and good good for their community.

143
00:09:02,320 --> 00:09:05,959
Speaker 1: What then they are, you know, and that's that's what

144
00:09:06,040 --> 00:09:09,000
Speaker 1: we we want to see. Take college golf for example,

145
00:09:09,080 --> 00:09:12,439
Speaker 1: Just think about it. You've got kids that carry their

146
00:09:12,480 --> 00:09:15,199
Speaker 1: own bags. You know, they're they're not making the money

147
00:09:15,240 --> 00:09:18,160
Speaker 1: yet they golf, the sport where you keep your own score,

148
00:09:18,240 --> 00:09:21,200
Speaker 1: your call, your penalties on yourself. You know, all of

149
00:09:21,240 --> 00:09:24,960
Speaker 1: these moral um qualities that we value. So they you know,

150
00:09:24,960 --> 00:09:26,880
Speaker 1: they always say to me, you know, what do you

151
00:09:26,920 --> 00:09:30,120
Speaker 1: want me to do to UM, to sponsor or to

152
00:09:30,360 --> 00:09:34,440
Speaker 1: promote stiful And my answer is, I will just be

153
00:09:34,520 --> 00:09:36,640
Speaker 1: in your back light. You be good, and I get

154
00:09:36,640 --> 00:09:39,400
Speaker 1: to associate with you, and when you're good, I get

155
00:09:39,400 --> 00:09:41,640
Speaker 1: the I get the back light, which I like the

156
00:09:41,679 --> 00:09:45,880
Speaker 1: halo effect. Right there you go, Ron, I want to

157
00:09:45,920 --> 00:09:48,360
Speaker 1: we can't let you go without getting your take on

158
00:09:48,840 --> 00:09:51,920
Speaker 1: the overall economy. But I want to hear about your

159
00:09:52,080 --> 00:09:55,040
Speaker 1: view on the overall economy through the prism of what's

160
00:09:55,080 --> 00:09:58,520
Speaker 1: going on in sports and sports rights. UM. People talk

161
00:09:58,559 --> 00:10:00,920
Speaker 1: about live sports as its own asset class, or at

162
00:10:00,960 --> 00:10:04,360
Speaker 1: least sports adjacent assets as their own asset class, because

163
00:10:04,400 --> 00:10:07,000
Speaker 1: it's not correlated with the equity market the bond market

164
00:10:07,240 --> 00:10:10,480
Speaker 1: in the same way that other traditional securities are. We've

165
00:10:10,520 --> 00:10:13,320
Speaker 1: seen how sports rights values have just continued to climb,

166
00:10:13,360 --> 00:10:17,240
Speaker 1: and the NBA TV rights, I'm sure we'll fetch a

167
00:10:17,320 --> 00:10:21,559
Speaker 1: record amounts of money after the um current contract ends.

168
00:10:22,640 --> 00:10:25,840
Speaker 1: How do you look at, uh, these values of teams,

169
00:10:25,880 --> 00:10:29,520
Speaker 1: evaluations of teams and the sports rights in the current environment,

170
00:10:29,600 --> 00:10:33,880
Speaker 1: when we are facing a slowing economy, possibly a recession,

171
00:10:34,320 --> 00:10:37,000
Speaker 1: certainly tough times for the rest of this year, maybe

172
00:10:37,000 --> 00:10:40,280
Speaker 1: into next year. That's a great question, and you know

173
00:10:40,640 --> 00:10:42,840
Speaker 1: you got it. Let's go back a few years to

174
00:10:42,880 --> 00:10:47,440
Speaker 1: try to answer the question, because um, you obviously could.

175
00:10:47,480 --> 00:10:49,559
Speaker 1: I I would sit there and go it's crazy. I mean,

176
00:10:49,640 --> 00:10:52,280
Speaker 1: we look at what the sports franchise are trading for,

177
00:10:52,400 --> 00:10:56,359
Speaker 1: whether it was Phoenix or Denver in football or basketball

178
00:10:56,520 --> 00:10:59,520
Speaker 1: in the television rights, and you would sit there and say,

179
00:10:59,679 --> 00:11:03,000
Speaker 1: this is crazy. But ten years ago I said it

180
00:11:03,080 --> 00:11:05,760
Speaker 1: was crazy, you know when they when you would see

181
00:11:05,800 --> 00:11:09,200
Speaker 1: what franchises are these rights would trade for. I think

182
00:11:09,240 --> 00:11:12,400
Speaker 1: what it is is the reason that we are in

183
00:11:12,440 --> 00:11:17,440
Speaker 1: the business of of associating with sports, and that is

184
00:11:18,200 --> 00:11:22,920
Speaker 1: it is you know, it's American, it's competitiveness, and the

185
00:11:22,960 --> 00:11:28,280
Speaker 1: consumer likes that they like watching these athletes, they relate,

186
00:11:29,120 --> 00:11:32,480
Speaker 1: and therefore the value just skyrockets. And I think the

187
00:11:32,520 --> 00:11:38,360
Speaker 1: pandemic actually, you know, increase the value because it's just um,

188
00:11:38,520 --> 00:11:41,920
Speaker 1: it's it's what people like to do and it makes

189
00:11:42,080 --> 00:11:45,400
Speaker 1: it makes you feel good. Uh. And so any any

190
00:11:45,480 --> 00:11:48,720
Speaker 1: business that you do where you were, you know, the

191
00:11:49,080 --> 00:11:53,040
Speaker 1: clients or the consumer walks out feeling good, that's a

192
00:11:53,120 --> 00:11:55,800
Speaker 1: valuable business. That's what's going on in sports. I want

193
00:11:55,800 --> 00:11:59,360
Speaker 1: to brag on you before we let you go, if

194
00:11:59,400 --> 00:12:04,400
Speaker 1: you want. In twenty nineteen, the Horatio Algier Award UH

195
00:12:04,760 --> 00:12:10,239
Speaker 1: selected for membership in the Algier Association of Distinguished Americans,

196
00:12:10,240 --> 00:12:14,520
Speaker 1: which honors individuals who have overcome adversity to achieve success

197
00:12:15,120 --> 00:12:19,760
Speaker 1: and who have demonstrated commitment to higher education and charitable endeavors.

198
00:12:20,040 --> 00:12:22,840
Speaker 1: Can you tell us about the adversity you had to

199
00:12:22,880 --> 00:12:25,640
Speaker 1: go through to win that award? You know, first of all,

200
00:12:25,760 --> 00:12:27,680
Speaker 1: that was very nice of you to mention that it

201
00:12:27,760 --> 00:12:31,199
Speaker 1: was one of the greatest honors of my life, let

202
00:12:31,200 --> 00:12:36,480
Speaker 1: alone career. UM. Yet in some ways, my adversity, which

203
00:12:37,040 --> 00:12:41,320
Speaker 1: was simply, you know, coming from a family where I

204
00:12:41,400 --> 00:12:44,640
Speaker 1: was the first to go to college and uh and

205
00:12:44,760 --> 00:12:48,319
Speaker 1: you know then in the university if you will, about

206
00:12:48,600 --> 00:12:53,079
Speaker 1: you know, climbing through that today you know, having the

207
00:12:53,160 --> 00:12:57,959
Speaker 1: fortunate being the CEO of a great public company. UM.

208
00:12:58,000 --> 00:13:01,640
Speaker 1: But I have to say, when you look at Horatial

209
00:13:01,679 --> 00:13:06,520
Speaker 1: Alger and you talk about real adversity, which is broken families,

210
00:13:07,000 --> 00:13:10,440
Speaker 1: potential of drugs, I don't hold a candle to that. Not.

211
00:13:10,559 --> 00:13:12,240
Speaker 1: I just want to say that, I mean I do

212
00:13:12,400 --> 00:13:17,240
Speaker 1: feel that, you know, I'm maybe a pretty good success story. UM.

213
00:13:17,280 --> 00:13:20,160
Speaker 1: And I appreciate you bringing that up. But some of

214
00:13:20,200 --> 00:13:24,679
Speaker 1: these stories are amazing and and to to my fellow

215
00:13:24,760 --> 00:13:28,880
Speaker 1: Horatial Alger and what we support is education to help

216
00:13:28,920 --> 00:13:32,760
Speaker 1: people achieve success. So I got a lot of future

217
00:13:32,920 --> 00:13:35,920
Speaker 1: clients that are that are in the educational system for

218
00:13:36,000 --> 00:13:38,440
Speaker 1: Horacial Alger and that that kind of warms my heart.

219
00:13:38,840 --> 00:13:41,599
Speaker 1: Ron Kaschowski, I know him now. He's the chairman and

220
00:13:41,760 --> 00:13:46,160
Speaker 1: CEO of Stephile Financial Corporation. You are so kind to

221
00:13:46,280 --> 00:13:48,360
Speaker 1: join us, Ron, thank you for so much for joining

222
00:13:48,400 --> 00:13:50,960
Speaker 1: us here on the Bloomberry Business of sports. My pleasure,

223
00:13:51,040 --> 00:13:54,640
Speaker 1: my pleasure, thank you. This is the business of sports podcast.

224
00:13:54,679 --> 00:13:57,280
Speaker 1: I'm Michael Barr, along with Scarlet Food By the Way,

225
00:13:57,320 --> 00:14:00,360
Speaker 1: We miss You, Nami and Sassaur Got You is here

226
00:14:00,400 --> 00:14:03,120
Speaker 1: each and every Monday, Wednesday and Thursday exploring the world

227
00:14:03,120 --> 00:14:05,200
Speaker 1: of money in sports and catch me on Twitter at

228
00:14:05,280 --> 00:14:07,439
Speaker 1: Big Bar Sports. I don't think Damien misses us. He's

229
00:14:07,480 --> 00:14:10,560
Speaker 1: somewhere warm and sunny by the beach for for work

230
00:14:10,840 --> 00:14:14,720
Speaker 1: on assignment, on assignment, so he says. I'm reachable on

231
00:14:14,720 --> 00:14:17,760
Speaker 1: Twitter at Scarlett f. You're listening to Bloomberg Business of

232
00:14:17,800 --> 00:14:20,320
Speaker 1: Sports on Bloomberg Radio around the world.