1
00:00:01,400 --> 00:00:03,680
Speaker 1: This is the Bloomberg Business of Sports show, but we

2
00:00:03,720 --> 00:00:06,040
Speaker 1: explore the big money issues in the world of sports.

3
00:00:06,200 --> 00:00:09,000
Speaker 2: I'm Michael Barne, I'm Scarlett Felm, and I Damian Sasaur.

4
00:00:09,119 --> 00:00:12,720
Speaker 1: Coming up on the show, the PGA Live drama continues.

5
00:00:12,720 --> 00:00:16,639
Speaker 1: We get the latest from Bloomberg's Malty Nayak. Following a

6
00:00:16,720 --> 00:00:18,560
Speaker 1: hearing in Washington earlier.

7
00:00:18,239 --> 00:00:20,440
Speaker 3: This week, the low me Chris put out this memo

8
00:00:20,640 --> 00:00:24,000
Speaker 3: in which they really attached a few emails as well

9
00:00:24,040 --> 00:00:28,280
Speaker 3: as WhatsApp messages between the chief or the Governor of

10
00:00:28,400 --> 00:00:33,160
Speaker 3: the Public Investment Fund of Saudi Arabia and Jimmy Dunn,

11
00:00:33,240 --> 00:00:36,280
Speaker 3: who is one of the PGA board members.

12
00:00:36,360 --> 00:00:38,240
Speaker 2: Plus we'll go over some of the latest headlines in

13
00:00:38,280 --> 00:00:42,160
Speaker 2: sports with longtime sportscaster and friend of the show, Howard David.

14
00:00:42,240 --> 00:00:44,400
Speaker 4: How did you let it get to this point? If

15
00:00:44,440 --> 00:00:48,159
Speaker 4: you're ESPN, did you not do the books correctly? I mean,

16
00:00:48,680 --> 00:00:50,720
Speaker 4: how do you get to a point where you're laying

17
00:00:50,760 --> 00:00:55,040
Speaker 4: off Dan Dundee and Susie Kolberg and Max Kellerman and

18
00:00:55,080 --> 00:00:58,319
Speaker 4: t Shawn Johnson and Todd McShay and the list goes on.

19
00:00:58,600 --> 00:01:01,080
Speaker 1: I like him. All that is straight ahead on the

20
00:01:01,120 --> 00:01:04,080
Speaker 1: Bloomberg Business of Sports show. But first, with the second

21
00:01:04,080 --> 00:01:07,679
Speaker 1: half of the MLB season just getting underway, we're going

22
00:01:07,720 --> 00:01:10,040
Speaker 1: to take you behind the scenes of one of the

23
00:01:10,120 --> 00:01:12,119
Speaker 1: league's most storied franchises.

24
00:01:12,400 --> 00:01:15,320
Speaker 5: That's right. In the latest episode of Chief Future Officer Bloomberg,

25
00:01:15,319 --> 00:01:19,200
Speaker 5: Surveillance host and resident Red Sox fanatic Tom Keen heads

26
00:01:19,240 --> 00:01:22,120
Speaker 5: to Fenway Park in Boston. He goes home to speak

27
00:01:22,160 --> 00:01:25,759
Speaker 5: with Fenway Sports Group CFO Julie Swinhardt. Take a listen.

28
00:01:26,240 --> 00:01:29,800
Speaker 6: We are envisioning two million square feet. We have five

29
00:01:29,840 --> 00:01:32,400
Speaker 6: acres to play with here, and when all is said

30
00:01:32,440 --> 00:01:35,680
Speaker 6: and done, we expect two million square feet across residential,

31
00:01:35,880 --> 00:01:37,480
Speaker 6: commercial retail.

32
00:01:38,160 --> 00:01:41,640
Speaker 7: Given the track record of Messrs Henry Werner and Gordon,

33
00:01:42,080 --> 00:01:46,000
Speaker 7: the Fenway Corners plan comes with the high hopes of success.

34
00:01:46,280 --> 00:01:49,240
Speaker 7: That doesn't mean it will be an easy lift, especially

35
00:01:49,440 --> 00:01:52,200
Speaker 7: right now. What have you learned with the dynamic move

36
00:01:52,240 --> 00:01:55,480
Speaker 7: of the interest rates that we see from Chairman Powell?

37
00:01:55,520 --> 00:01:59,320
Speaker 7: I mean, do you go fixed structure or floating structure

38
00:01:59,720 --> 00:02:01,200
Speaker 7: much more like what they do in Europe.

39
00:02:01,280 --> 00:02:04,880
Speaker 6: Yes, and yes we have a mixed currently it's a

40
00:02:04,920 --> 00:02:07,000
Speaker 6: little bit of a different model than what I was

41
00:02:07,080 --> 00:02:10,160
Speaker 6: used to in the public public company space say in

42
00:02:10,760 --> 00:02:13,240
Speaker 6: some ways that we've provided ourselves with a natural hedge,

43
00:02:13,320 --> 00:02:16,360
Speaker 6: leaving some of our debt floating in some fix.

44
00:02:18,000 --> 00:02:21,760
Speaker 7: Julie Swineheart took me on a walking tour into the future.

45
00:02:22,320 --> 00:02:26,200
Speaker 6: This is going to become the true entrance to Fenway Park.

46
00:02:26,360 --> 00:02:29,640
Speaker 6: And that's part of the attractiveness of this project is

47
00:02:30,040 --> 00:02:34,560
Speaker 6: the age old recipe of increasing dwell times, bringing fans

48
00:02:34,560 --> 00:02:38,720
Speaker 6: to the park, bringing in businesses, maintaining what's here, and

49
00:02:38,760 --> 00:02:41,519
Speaker 6: preserving some of the historic nature of what you see

50
00:02:41,560 --> 00:02:42,040
Speaker 6: around you.

51
00:02:42,200 --> 00:02:44,640
Speaker 1: I like them too. That's a portion of the latest

52
00:02:44,680 --> 00:02:50,360
Speaker 1: episode of Chief Future Officer on Bloomberg Television. Here to

53
00:02:50,360 --> 00:02:53,760
Speaker 1: give us a closer look at the episode is none

54
00:02:53,800 --> 00:02:57,800
Speaker 1: other than Tom King. Oh well Man's so glad you

55
00:02:57,840 --> 00:03:01,680
Speaker 1: can join us here to Bloomberg business. You had just

56
00:03:01,720 --> 00:03:04,240
Speaker 1: a cut up old time man at Fenway Park.

57
00:03:04,520 --> 00:03:06,240
Speaker 7: It was a great, a great thing. The way this

58
00:03:06,320 --> 00:03:11,360
Speaker 7: came about was seth mcgun's had this phenomenal success with

59
00:03:11,480 --> 00:03:14,959
Speaker 7: Chief Future Officer, spent a couple of them that you know,

60
00:03:15,520 --> 00:03:16,920
Speaker 7: on the edge of viral. He comes up to me

61
00:03:16,960 --> 00:03:18,600
Speaker 7: and he goes, do you want to do it? And

62
00:03:18,600 --> 00:03:20,680
Speaker 7: I of course said no, you know, I mean, you know,

63
00:03:20,840 --> 00:03:23,040
Speaker 7: my people talked to him and said, no, you're not

64
00:03:23,080 --> 00:03:25,520
Speaker 7: going to do this. And then I said, well, what

65
00:03:25,520 --> 00:03:26,840
Speaker 7: do you want me to do? And he said, we'd

66
00:03:26,840 --> 00:03:30,280
Speaker 7: like you to go up to Fenway Park, walk around

67
00:03:31,120 --> 00:03:34,399
Speaker 7: outside the stadium, inside the stadium, and look at what

68
00:03:35,120 --> 00:03:38,640
Speaker 7: Fenway Sports Group is doing to the area, the Kenmore

69
00:03:38,720 --> 00:03:41,840
Speaker 7: Square area over the next ten twenty years. I said,

70
00:03:41,880 --> 00:03:43,560
Speaker 7: I don't care about that. I just want to get

71
00:03:43,600 --> 00:03:47,200
Speaker 7: to the trade deadline. So we did talk a little

72
00:03:47,200 --> 00:03:49,640
Speaker 7: bit of baseball. This is Julie Swainer at the CFO,

73
00:03:50,440 --> 00:03:53,040
Speaker 7: and you know, we talked a little bit of baseball.

74
00:03:53,080 --> 00:03:57,160
Speaker 7: But this isn't like, oh, Ted, we were good back then.

75
00:03:57,360 --> 00:04:00,280
Speaker 7: Actually we weren't were My childhood was a scar d

76
00:04:00,320 --> 00:04:04,160
Speaker 7: did we turned. We looked at the Detroit Tigers. Michael

77
00:04:04,200 --> 00:04:06,080
Speaker 7: barr is the team by the rise.

78
00:04:06,240 --> 00:04:08,480
Speaker 1: Yeah, we were in the We won the World Series

79
00:04:08,520 --> 00:04:10,200
Speaker 1: before you guys a long time ago.

80
00:04:10,800 --> 00:04:11,080
Speaker 2: Yeah.

81
00:04:11,360 --> 00:04:13,280
Speaker 5: But more recently the Red Sox have won the World

82
00:04:13,280 --> 00:04:15,600
Speaker 5: Series and Tom has been in a better mood as

83
00:04:15,640 --> 00:04:16,080
Speaker 5: a result.

84
00:04:16,400 --> 00:04:16,800
Speaker 1: I am.

85
00:04:17,120 --> 00:04:18,640
Speaker 7: I'll say to some of the other day, I have

86
00:04:18,680 --> 00:04:22,000
Speaker 7: the clearest memories of October two thousand and four, and

87
00:04:22,040 --> 00:04:26,479
Speaker 7: it was like Flatthurst Society. We were so weaned on

88
00:04:26,640 --> 00:04:30,400
Speaker 7: being losers that I did not know what to do

89
00:04:30,760 --> 00:04:33,000
Speaker 7: when the Red Sox won. It was a it was

90
00:04:33,040 --> 00:04:37,120
Speaker 7: a complete formation of your childhood and what the Yackey

91
00:04:37,200 --> 00:04:40,720
Speaker 7: family did with the team that we were just always

92
00:04:40,960 --> 00:04:42,880
Speaker 7: going to lose to the dreaded New York Yankees.

93
00:04:42,920 --> 00:04:44,880
Speaker 2: Well, Tom, you know I didn't have I haven't seen

94
00:04:44,960 --> 00:04:46,679
Speaker 2: the interview yet, but you know I do have a question.

95
00:04:46,720 --> 00:04:48,800
Speaker 2: I mean, well, you were you closer to the monster

96
00:04:49,040 --> 00:04:51,800
Speaker 2: or pesky Paul? I mean, did they offer you a

97
00:04:51,839 --> 00:04:53,880
Speaker 2: fin dogm?

98
00:04:53,880 --> 00:04:55,839
Speaker 7: I went up there. We go up there. You know,

99
00:04:55,920 --> 00:04:59,120
Speaker 7: Seth travel's first class when it's Chief Future Officer, so

100
00:04:59,160 --> 00:05:01,839
Speaker 7: it's you know, kind of hot dogs and nar against

101
00:05:01,880 --> 00:05:05,000
Speaker 7: its who had narroganst a twelve noon, the whole thing.

102
00:05:05,800 --> 00:05:08,120
Speaker 7: And we happened to be down by the monsters. So

103
00:05:08,440 --> 00:05:11,520
Speaker 7: we were in the stands. We were out in the field,

104
00:05:11,600 --> 00:05:14,200
Speaker 7: which is like, you know, it's spirituals anybody that knows

105
00:05:14,200 --> 00:05:16,600
Speaker 7: this in baseball, It is the Vatican.

106
00:05:17,320 --> 00:05:22,440
Speaker 5: And they said, when it was empty, was this the

107
00:05:22,440 --> 00:05:23,400
Speaker 5: first time you've been in there?

108
00:05:23,480 --> 00:05:26,440
Speaker 7: When it's y oh god, no, one quick story here.

109
00:05:27,120 --> 00:05:30,600
Speaker 7: I actually have four season tickets two and two. And

110
00:05:31,040 --> 00:05:33,400
Speaker 7: when I went for my first two season tickets, it

111
00:05:33,600 --> 00:05:36,200
Speaker 7: was in winter of nineteen eighty six and they lost

112
00:05:36,240 --> 00:05:38,320
Speaker 7: for the last thirty five years.

113
00:05:38,880 --> 00:05:40,880
Speaker 5: And I'm standing there and it.

114
00:05:40,760 --> 00:05:45,960
Speaker 7: Was a bitter cold January morning in an empty Fenway Park. Literally,

115
00:05:45,960 --> 00:05:49,000
Speaker 7: they were so desperate to sell season. They took me

116
00:05:49,040 --> 00:05:51,240
Speaker 7: out and says, you could have these two seats in

117
00:05:51,320 --> 00:05:53,560
Speaker 7: section thirty, which is great.

118
00:05:54,400 --> 00:05:56,680
Speaker 1: There's a shot of you and anybody can go on

119
00:05:56,720 --> 00:06:00,000
Speaker 1: Twitter and see it. I love it. You're walking by

120
00:05:59,800 --> 00:06:04,039
Speaker 1: and it's my favorite part of Fenway Park, the fabulous

121
00:06:04,160 --> 00:06:07,760
Speaker 1: huge scoreboard where it reminds me of the old Jeopardy

122
00:06:07,800 --> 00:06:09,800
Speaker 1: game show back you know, in the day when it

123
00:06:09,839 --> 00:06:12,160
Speaker 1: was ten dollars to fifty dollars and Art Fleming and

124
00:06:12,200 --> 00:06:15,680
Speaker 1: some dude was pulling the card back and revealing the answer.

125
00:06:15,880 --> 00:06:18,680
Speaker 1: That's the same way it is for anybody not familiar

126
00:06:18,680 --> 00:06:22,200
Speaker 1: with the Fenway that that old scoreboard is some dude

127
00:06:22,520 --> 00:06:25,640
Speaker 1: is putting the numbers behind. I love that thing.

128
00:06:25,720 --> 00:06:28,000
Speaker 7: Yeah, Ted Fine who put me on TV or at

129
00:06:28,040 --> 00:06:32,440
Speaker 7: Bloomberg His son is privileged to be a groundskeeper Fenway.

130
00:06:32,480 --> 00:06:35,320
Speaker 7: Now that is the coolest oh wow, out of color.

131
00:06:35,440 --> 00:06:37,520
Speaker 7: The coolest thing about the walls. It's made out of metal,

132
00:06:37,800 --> 00:06:39,360
Speaker 7: and when you're out there right up next to it,

133
00:06:39,440 --> 00:06:43,480
Speaker 7: you can see the dimples when Otani's putting the ball

134
00:06:45,600 --> 00:06:48,640
Speaker 7: seventh inning. You know, it's a very physical thing. It's

135
00:06:48,680 --> 00:06:52,360
Speaker 7: not like museumified. It's very ugly intangible when you're out.

136
00:06:52,200 --> 00:06:54,200
Speaker 2: There now for an audience, I mean, they must understand

137
00:06:54,240 --> 00:06:57,000
Speaker 2: friendly sports, of which Julius CFO is not just the

138
00:06:57,040 --> 00:07:00,640
Speaker 2: Boston Red Sox, it's also Liverpool. I think the Liverpool.

139
00:07:00,640 --> 00:07:01,760
Speaker 2: They've got the Penguins, right.

140
00:07:02,279 --> 00:07:03,479
Speaker 5: So I'm still laughing at your Oxen.

141
00:07:03,640 --> 00:07:07,200
Speaker 1: That's not good what that was? So?

142
00:07:07,200 --> 00:07:09,240
Speaker 2: So did you ask? I mean, what's what's the plan

143
00:07:09,320 --> 00:07:09,840
Speaker 2: with Liverpool?

144
00:07:09,880 --> 00:07:12,120
Speaker 7: And they look into they have three plans and what

145
00:07:12,160 --> 00:07:15,240
Speaker 7: you learn. Sam Kennedy's in the program as well, who

146
00:07:15,280 --> 00:07:17,720
Speaker 7: brought me to fundry sports groups. I've talked to Sam

147
00:07:17,760 --> 00:07:21,240
Speaker 7: a number of times. Is they make it up as

148
00:07:21,320 --> 00:07:24,440
Speaker 7: they go. What the critical message here for people in

149
00:07:24,480 --> 00:07:27,560
Speaker 7: the financial racket? And they brought Julian to be the

150
00:07:27,920 --> 00:07:32,680
Speaker 7: token adult within the organization to provide some discipline. Is

151
00:07:32,880 --> 00:07:36,880
Speaker 7: there's no strategic plan. They're they're really big on this.

152
00:07:37,000 --> 00:07:39,520
Speaker 7: There's no big vision kind of thing.

153
00:07:41,200 --> 00:07:42,640
Speaker 5: Tell you there's no strategic plan.

154
00:07:42,840 --> 00:07:46,560
Speaker 7: No, there's no strategic plan. There's an opportunistic thing about

155
00:07:46,600 --> 00:07:50,400
Speaker 7: the sports part, like Liverpool, like acquiring the Pittsburgh Penguins.

156
00:07:50,720 --> 00:07:54,000
Speaker 7: But what there is a strategic plan about is the

157
00:07:54,040 --> 00:07:59,040
Speaker 7: business of planning away from eighty one home games, away

158
00:07:59,080 --> 00:08:00,000
Speaker 7: from I can't remember what.

159
00:08:00,120 --> 00:08:04,440
Speaker 2: Hockey concerts and other events right exactly, leveraging the assets

160
00:08:04,440 --> 00:08:06,160
Speaker 2: that they have. And I guess Julie, I mean, if

161
00:08:06,200 --> 00:08:08,440
Speaker 2: I'm not mistaken, her background is in real estate, is

162
00:08:08,480 --> 00:08:10,960
Speaker 2: in reeds. Oh yeah, I can't even imagine about a person.

163
00:08:11,160 --> 00:08:13,440
Speaker 7: Well, yeah, she came from the Midwest. She's a Cubs fan,

164
00:08:13,800 --> 00:08:18,440
Speaker 7: so she's stealed for losing. I mean, you know, we

165
00:08:18,480 --> 00:08:20,000
Speaker 7: opened it up and I said, they found a bigger

166
00:08:20,000 --> 00:08:23,640
Speaker 7: loser than me, and and and Julie came in from

167
00:08:23,680 --> 00:08:27,640
Speaker 7: Chicago and she's getting this done' what's so important about it?

168
00:08:27,840 --> 00:08:30,880
Speaker 7: And damon, you'll appreciate this. Not that a girl from

169
00:08:30,920 --> 00:08:33,719
Speaker 7: Wellesley would ever understand this, but you go down Lansdowne

170
00:08:33,720 --> 00:08:37,000
Speaker 7: Street and it's one long line of bars. They're not

171
00:08:37,080 --> 00:08:39,960
Speaker 7: taking the bars out, every one of those bars. Scarlet

172
00:08:40,000 --> 00:08:42,960
Speaker 7: Foo is benint before she was at Cornell. She's up

173
00:08:42,960 --> 00:08:46,040
Speaker 7: at Wellesley, and the reason she transferred to Cornell is

174
00:08:46,080 --> 00:08:47,400
Speaker 7: because she went right down at.

175
00:08:50,040 --> 00:08:51,280
Speaker 5: This right now.

176
00:08:52,240 --> 00:08:54,200
Speaker 1: But at the end.

177
00:08:54,120 --> 00:08:56,280
Speaker 7: Of it is their first build up, which is an

178
00:08:56,400 --> 00:09:01,760
Speaker 7: MGM five thousand Sea club, which is almost invisible architecturally

179
00:09:02,280 --> 00:09:05,920
Speaker 7: within what they're doing. And it's absolutely stunning the acts

180
00:09:05,960 --> 00:09:08,000
Speaker 7: they've brought in so far as they begin to build

181
00:09:08,040 --> 00:09:10,680
Speaker 7: it out in a non touristy way.

182
00:09:11,400 --> 00:09:14,480
Speaker 2: So the Red Sox I wear four point five billion

183
00:09:14,520 --> 00:09:17,839
Speaker 2: dollars and I heard that this Fenway Corners project the

184
00:09:17,880 --> 00:09:20,280
Speaker 2: Times referring to is something on the order of two billions.

185
00:09:20,280 --> 00:09:22,880
Speaker 2: So this is not a small project by any stretch

186
00:09:22,880 --> 00:09:23,520
Speaker 2: of the imagination.

187
00:09:23,960 --> 00:09:26,600
Speaker 7: No, and they'd like to bring it to Pittsburgh. They're

188
00:09:26,600 --> 00:09:30,199
Speaker 7: clearly modeling. Their big new thing in Pittsburgh is the

189
00:09:30,960 --> 00:09:34,680
Speaker 7: scoreboard that hangs down over centerized It costs like you know,

190
00:09:34,920 --> 00:09:38,120
Speaker 7: the GDP of Delaware. I don't know, but that's our

191
00:09:38,160 --> 00:09:39,640
Speaker 7: big new thing in Pittsburgh. But there are a lot

192
00:09:39,640 --> 00:09:42,640
Speaker 7: of pens in Pittsburgh. And then the football thing is great.

193
00:09:42,720 --> 00:09:45,640
Speaker 7: I was told by the handlers, Ah, don't ask them

194
00:09:45,679 --> 00:09:48,559
Speaker 7: if they're selling it, so you.

195
00:09:48,559 --> 00:09:49,080
Speaker 1: Know, I did.

196
00:09:49,160 --> 00:09:52,360
Speaker 7: But but they're fiercely bro They have three owners, and

197
00:09:52,400 --> 00:09:55,840
Speaker 7: one of them is basically full time focused on the

198
00:09:55,880 --> 00:09:58,000
Speaker 7: privilege of being part of Premier League Football.

199
00:09:58,280 --> 00:10:01,880
Speaker 1: Was you were talking about earlier, you know, you go

200
00:10:01,960 --> 00:10:05,440
Speaker 1: along the strip of bars. I'm not gonna mention who

201
00:10:05,559 --> 00:10:10,040
Speaker 1: was there, but one thing it does is that that

202
00:10:10,200 --> 00:10:16,439
Speaker 1: area really picks up, especially during the baseball season, because hey, everybody,

203
00:10:16,480 --> 00:10:18,280
Speaker 1: you know, once you're done with the game is like,

204
00:10:18,360 --> 00:10:21,040
Speaker 1: I gotta go drink or get something to eat.

205
00:10:21,120 --> 00:10:22,760
Speaker 7: Must down the left field line and up by the

206
00:10:22,840 --> 00:10:24,840
Speaker 7: left field wall. And we actually walked around there, and

207
00:10:24,880 --> 00:10:28,040
Speaker 7: you go down on the upposite side of Kenmore Square

208
00:10:28,080 --> 00:10:31,200
Speaker 7: and the turnpike on the other side. There's a lot

209
00:10:31,240 --> 00:10:35,360
Speaker 7: of development to be had and they're very excited about it.

210
00:10:35,400 --> 00:10:40,199
Speaker 7: And they're doing it in concert with the greatest swag

211
00:10:40,280 --> 00:10:43,360
Speaker 7: shop in the world across the street, which is where

212
00:10:43,360 --> 00:10:47,480
Speaker 7: everybody unloads hundreds of dollars for their kids on you know,

213
00:10:47,760 --> 00:10:48,640
Speaker 7: Red Sox merch.

214
00:10:48,960 --> 00:10:51,920
Speaker 2: So it's a Changelo family, right, Yeah, seven brands, Yeah,

215
00:10:51,920 --> 00:10:54,760
Speaker 2: I mean forty seven brands. My son's going to University

216
00:10:54,760 --> 00:10:57,160
Speaker 2: of Miami in the fall. Everybody, our audience knows this already,

217
00:10:57,720 --> 00:11:00,160
Speaker 2: and you can't get any University of Miami gear. That's

218
00:11:00,160 --> 00:11:01,920
Speaker 2: not forty seven brands just to give.

219
00:11:01,760 --> 00:11:02,800
Speaker 5: You exclusive license.

220
00:11:02,880 --> 00:11:05,160
Speaker 2: I mean, they are huge. I think it's part fanatics.

221
00:11:05,160 --> 00:11:06,880
Speaker 2: I think it is. I think it actually I.

222
00:11:06,960 --> 00:11:09,840
Speaker 7: Think they're they're doing it in a collegiate way. In

223
00:11:09,880 --> 00:11:13,800
Speaker 7: what Julie said constantly is we don't want it to

224
00:11:13,840 --> 00:11:17,440
Speaker 7: be a sports tourist trap. They don't want to lose

225
00:11:17,440 --> 00:11:17,840
Speaker 7: the charm.

226
00:11:17,960 --> 00:11:18,680
Speaker 2: Yeah.

227
00:11:18,720 --> 00:11:20,960
Speaker 1: Well, I mean, but I know we got to wrap

228
00:11:21,000 --> 00:11:24,160
Speaker 1: this up. But from a guy who's out of town,

229
00:11:25,559 --> 00:11:28,880
Speaker 1: I don't mind it being a tourist trap. I mean,

230
00:11:29,040 --> 00:11:32,640
Speaker 1: because that's it's a tourist spot. It's you said it

231
00:11:32,720 --> 00:11:33,600
Speaker 1: right from the start.

232
00:11:33,679 --> 00:11:35,880
Speaker 2: I mean, it's so you're right, that's the model, right,

233
00:11:35,920 --> 00:11:38,679
Speaker 2: I mean, is to bring in tourism and other lines.

234
00:11:38,720 --> 00:11:40,439
Speaker 2: I mean, that's what you know. I mean, that's probably

235
00:11:40,440 --> 00:11:42,160
Speaker 2: why they bought the Penguins, right, why they want to

236
00:11:42,160 --> 00:11:46,000
Speaker 2: take PPG paints, that stadium, that area Pittsburgh and do

237
00:11:46,120 --> 00:11:46,480
Speaker 2: stop that.

238
00:11:46,760 --> 00:11:51,480
Speaker 1: Yeah yeah, Tom Kane, man, wow, this was this was

239
00:11:51,840 --> 00:11:54,319
Speaker 1: This is awkward. Usually it's the other way around.

240
00:11:54,920 --> 00:11:57,480
Speaker 7: But you know, I'm but you know, it's coming off

241
00:11:57,480 --> 00:11:59,680
Speaker 7: the All Star break and so you know, they swept

242
00:11:59,720 --> 00:12:03,320
Speaker 7: a whole so that's a clear signat You know, the

243
00:12:03,360 --> 00:12:05,319
Speaker 7: only reason I'm here is to find out from Damien

244
00:12:05,360 --> 00:12:07,720
Speaker 7: because my retisary Baseball league is going down.

245
00:12:07,600 --> 00:12:11,560
Speaker 2: At Flames Fantasy Baseball much better than Damien.

246
00:12:11,679 --> 00:12:16,199
Speaker 7: Trade deadline. What's what's the big tray you anticipate? Trade deadline?

247
00:12:16,240 --> 00:12:17,400
Speaker 7: Does it tiny really move?

248
00:12:17,920 --> 00:12:19,480
Speaker 2: Not this year? I don't. I think they're gonna hold.

249
00:12:19,520 --> 00:12:21,240
Speaker 2: I mean, the Angels rent it, right, I mean they

250
00:12:21,320 --> 00:12:22,559
Speaker 2: kind of need them. I don't think they're going to

251
00:12:22,600 --> 00:12:23,440
Speaker 2: be able to get rid of them.

252
00:12:23,320 --> 00:12:24,079
Speaker 7: Before the Yankees.

253
00:12:26,720 --> 00:12:28,760
Speaker 2: Yeah, I think though, but they have. They just signed

254
00:12:28,840 --> 00:12:31,520
Speaker 2: Judge that they're saying six hundred million plus for this kid,

255
00:12:31,559 --> 00:12:34,960
Speaker 2: and he's probably gonna get that. I mean, he is unbelievable.

256
00:12:35,160 --> 00:12:37,000
Speaker 7: Who do the Red Sox have to give up? I

257
00:12:37,040 --> 00:12:39,840
Speaker 7: can't figure it out, to be honest, there's so mediocre.

258
00:12:39,920 --> 00:12:41,240
Speaker 7: I can't figure out what to do there.

259
00:12:42,200 --> 00:12:44,920
Speaker 2: I tell you, the Braves are hot. Man, man, no, man.

260
00:12:45,360 --> 00:12:47,840
Speaker 7: I love watching the Red Reds is what I've been watching.

261
00:12:48,200 --> 00:12:53,920
Speaker 7: I've been watching Cincinnati Rhoads. They're gonna way better, way better.

262
00:12:54,160 --> 00:12:57,920
Speaker 7: So glad seriously to do this, the privilege of doing

263
00:12:57,960 --> 00:13:02,360
Speaker 7: this with new rules, it was so much better, Like

264
00:13:02,480 --> 00:13:07,040
Speaker 7: I hated the shift with a passion, and all of

265
00:13:07,080 --> 00:13:10,720
Speaker 7: a sudden, the infielders, the center field, I mean, Pete

266
00:13:10,760 --> 00:13:14,760
Speaker 7: Ronalds looks great for the Red Sox right now. You know,

267
00:13:14,880 --> 00:13:17,320
Speaker 7: Jerry Ramy's out of second base and it's all there

268
00:13:17,320 --> 00:13:19,680
Speaker 7: in my memories of what baseball used to be.

269
00:13:20,040 --> 00:13:22,400
Speaker 1: Yeah, Tom Keane, thank you, man.

270
00:13:22,559 --> 00:13:25,480
Speaker 7: I appreciate it used to be the Detroit Tigers.

271
00:13:25,679 --> 00:13:28,000
Speaker 1: That was good. That was the Willie Horton here man

272
00:13:29,360 --> 00:13:32,640
Speaker 1: our very special thanks to Tom Kane for taking the

273
00:13:32,760 --> 00:13:34,920
Speaker 1: time to talk with us. You can catch the latest

274
00:13:34,960 --> 00:13:39,440
Speaker 1: episode of Chief Future Officer with Fenway Group CFO Julie

275
00:13:39,480 --> 00:13:43,480
Speaker 1: Swinhard on Bloomberg Television at Bloomberg dot Com or on

276
00:13:43,720 --> 00:13:47,760
Speaker 1: the Bloomberg Television YouTube channel. You can also catch Tom

277
00:13:47,880 --> 00:13:52,000
Speaker 1: Keane you know you can't every weekday morning on Bloomberg

278
00:13:52,040 --> 00:13:55,240
Speaker 1: Surveillance on Bloomberg Television and Radio. Up next, on the

279
00:13:55,280 --> 00:13:59,360
Speaker 1: show PGA Live, Golf Deal Drama continues, you learn the latest.

280
00:13:59,520 --> 00:14:02,000
Speaker 1: Next that is straight ahead on the Bloomberg Business of

281
00:14:02,040 --> 00:14:13,640
Speaker 1: Sports and Bloomberg Radio around the world. This is the

282
00:14:13,640 --> 00:14:16,000
Speaker 1: Bloomberg Business of Sports show. Will we explored the big

283
00:14:16,040 --> 00:14:17,720
Speaker 1: money issues in the world of sports.

284
00:14:17,800 --> 00:14:20,600
Speaker 2: I'm Michael Blahm, I'm Scarlet Foo and Imamian sas Hour.

285
00:14:20,680 --> 00:14:23,400
Speaker 1: This past week, the Senate held a special hearing exploring

286
00:14:23,440 --> 00:14:24,960
Speaker 1: the PGA Live Golf deal.

287
00:14:25,160 --> 00:14:29,240
Speaker 5: Right because, on top of antitrust concerns, Washington really wants

288
00:14:29,240 --> 00:14:32,080
Speaker 5: to try to understand what a PGA Tour Live Golf

289
00:14:32,160 --> 00:14:35,480
Speaker 5: combo might look like and more broadly, how it shapes

290
00:14:35,560 --> 00:14:39,120
Speaker 5: Saudi influence in the US. So here's how Senator Richard

291
00:14:39,120 --> 00:14:40,960
Speaker 5: Blumenthal put it during the hearing.

292
00:14:40,920 --> 00:14:43,800
Speaker 8: Americans very simply deserved to know what this agreement means

293
00:14:43,840 --> 00:14:46,200
Speaker 8: for the future of golf, as well as for the

294
00:14:46,200 --> 00:14:51,440
Speaker 8: future of the Saudi Arabian government's investment in sports and

295
00:14:51,600 --> 00:14:54,520
Speaker 8: other autocratic regimes that may choose to do the same.

296
00:14:54,840 --> 00:14:57,400
Speaker 2: Two top PJ officials went to the hearing to plead

297
00:14:57,440 --> 00:15:01,800
Speaker 2: their case, including PGA Chief Operating Officer at Ron Price,

298
00:15:01,840 --> 00:15:04,440
Speaker 2: who tried to assure lawmakers that the tour was still

299
00:15:04,520 --> 00:15:06,160
Speaker 2: running the show, not live.

300
00:15:06,640 --> 00:15:11,960
Speaker 9: My Negotiations toward a definitive agreement are currently underway. The

301
00:15:12,000 --> 00:15:17,440
Speaker 9: framework agreement contains important safeguards that ensures the tour will

302
00:15:17,440 --> 00:15:21,880
Speaker 9: operate fundamentally as it does today. The tour will control

303
00:15:21,920 --> 00:15:25,800
Speaker 9: its operations the Tour will control the board of the

304
00:15:25,840 --> 00:15:29,280
Speaker 9: new PGA Tour subsidiary, and the Tour will be the

305
00:15:29,320 --> 00:15:33,200
Speaker 9: governing body for competitive golf in connection with any combined

306
00:15:33,560 --> 00:15:34,800
Speaker 9: golf operations.

307
00:15:35,120 --> 00:15:38,960
Speaker 1: Here to discuss where we are now, is Bloomberg Legal

308
00:15:39,000 --> 00:15:40,840
Speaker 1: reporter Multi Nayat.

309
00:15:41,160 --> 00:15:42,240
Speaker 3: Well, thanks for having me.

310
00:15:42,600 --> 00:15:47,240
Speaker 1: Well, first, let's start off. They're really shaky about calling

311
00:15:47,280 --> 00:15:49,640
Speaker 1: it a merger. They want to call it a deal whatever,

312
00:15:50,200 --> 00:15:53,720
Speaker 1: but I'm sorry, it's it's a merger as I'm looking

313
00:15:53,760 --> 00:15:55,520
Speaker 1: at it.

314
00:15:55,480 --> 00:15:58,920
Speaker 3: It's very interesting how the pg is trying to sort

315
00:15:58,920 --> 00:16:03,160
Speaker 3: of utreate it deal, and even in Congress we've seen

316
00:16:03,200 --> 00:16:07,680
Speaker 3: them as lawmakers have lashed back and ask questions about

317
00:16:07,680 --> 00:16:10,400
Speaker 3: the influence that the Saudi Kingdom will continue to have

318
00:16:10,840 --> 00:16:15,440
Speaker 3: in pro golf given if this deal goes through. The

319
00:16:15,480 --> 00:16:19,160
Speaker 3: PGA is sort of using this argument that this deal

320
00:16:19,240 --> 00:16:21,760
Speaker 3: is just like any other minority investment that the Saudi

321
00:16:21,840 --> 00:16:25,080
Speaker 3: Investment Fund is made, for instance, in Uber or any

322
00:16:25,080 --> 00:16:30,160
Speaker 3: other company. You know, the Saudi Kingdom has invested in Activision,

323
00:16:30,160 --> 00:16:33,960
Speaker 3: Blizzard and Electronic Arts, for instance. So just in terms

324
00:16:33,960 --> 00:16:38,360
Speaker 3: of them trying to explain why this is legitimate or

325
00:16:38,400 --> 00:16:41,600
Speaker 3: why this isn't a concern in terms of national security

326
00:16:41,800 --> 00:16:45,240
Speaker 3: or any other geopolitical issues. They're trying to sort of

327
00:16:45,280 --> 00:16:49,240
Speaker 3: portray this as a minority investment by the Saudi Kingdom

328
00:16:49,720 --> 00:16:54,520
Speaker 3: and that the PGA itself will have control in terms

329
00:16:54,560 --> 00:16:58,600
Speaker 3: of leading this new vehicle that they're putting together where

330
00:16:59,080 --> 00:17:02,240
Speaker 3: live golf at sets as well as the dpevers or

331
00:17:02,320 --> 00:17:04,720
Speaker 3: in Europe, those assets as well as PGA to or

332
00:17:04,760 --> 00:17:07,720
Speaker 3: will come together and form this new entity. So that's

333
00:17:07,760 --> 00:17:11,040
Speaker 3: the sort of angle that they're taking to kind of

334
00:17:11,119 --> 00:17:12,359
Speaker 3: explain what's going on.

335
00:17:12,920 --> 00:17:15,000
Speaker 5: The problem is that they can't really point to any

336
00:17:15,000 --> 00:17:17,800
Speaker 5: specifics because they haven't figured out the specifics. They're still

337
00:17:17,840 --> 00:17:20,679
Speaker 5: negotiating those details. All they have is a five page

338
00:17:20,680 --> 00:17:26,600
Speaker 5: framework for this transaction, this impending deal Malti. As you

339
00:17:26,760 --> 00:17:30,760
Speaker 5: look through or as the hearing made clear and opened

340
00:17:30,840 --> 00:17:34,359
Speaker 5: up this trove of documents telling us what little we

341
00:17:34,440 --> 00:17:37,200
Speaker 5: know right now about the transaction, What surprised you most,

342
00:17:37,280 --> 00:17:40,880
Speaker 5: What details did you find most interesting?

343
00:17:42,440 --> 00:17:46,040
Speaker 3: It was very very interesting that the lawmakers were able

344
00:17:46,160 --> 00:17:48,920
Speaker 3: to get a hold of these documents because there isn't

345
00:17:48,920 --> 00:17:51,080
Speaker 3: a court case now where maybe we could see some

346
00:17:51,160 --> 00:17:53,600
Speaker 3: of this stuff. So it was really very interesting to

347
00:17:53,640 --> 00:17:57,120
Speaker 3: see the lawmakers put out this memo in which they

348
00:17:57,240 --> 00:18:01,160
Speaker 3: really attached a few emails as well as WhatsApp messages

349
00:18:01,280 --> 00:18:05,640
Speaker 3: between the chief or the governor of the Public Investment

350
00:18:05,640 --> 00:18:10,840
Speaker 3: Fund of Saudi Arabia and Jimmy Dunn, who is one

351
00:18:10,880 --> 00:18:13,040
Speaker 3: of the PGA board members. And it was interesting to

352
00:18:13,080 --> 00:18:15,840
Speaker 3: see how this all got started, and it began with

353
00:18:17,160 --> 00:18:21,600
Speaker 3: a British businessman who is actually an avid golfer himself.

354
00:18:22,080 --> 00:18:24,640
Speaker 3: I think he runs one of the sunning Dale Club,

355
00:18:24,680 --> 00:18:27,439
Speaker 3: which is sort of an elite UK golf club, and

356
00:18:27,480 --> 00:18:30,760
Speaker 3: I think he's the chairman of that club. And he

357
00:18:30,840 --> 00:18:34,480
Speaker 3: actually ended up reaching out to Jimmy Dunn, who is

358
00:18:35,600 --> 00:18:38,560
Speaker 3: who is a PGA board member, and they're both members

359
00:18:38,640 --> 00:18:41,400
Speaker 3: of the RNA, which, as you know, the Royal and Ancient,

360
00:18:42,000 --> 00:18:46,160
Speaker 3: the most prestigious, renowned golf club in the world. So

361
00:18:46,760 --> 00:18:48,840
Speaker 3: they're both members and he reached out trying to make

362
00:18:48,880 --> 00:18:52,199
Speaker 3: this connection saying hey, I'm an RNA member, and Yasi

363
00:18:52,320 --> 00:18:56,200
Speaker 3: al Umayan, who is the Public Investment Fund chief, as

364
00:18:56,200 --> 00:19:02,600
Speaker 3: well as Amanda Stevely, who is based a British businesswoman

365
00:19:02,640 --> 00:19:07,240
Speaker 3: who helped the Saudis make an investment in Newcastle in England.

366
00:19:07,720 --> 00:19:11,359
Speaker 3: So they have asked me to get in touch with

367
00:19:11,440 --> 00:19:13,920
Speaker 3: you and try to see if maybe we can resolve

368
00:19:14,680 --> 00:19:17,000
Speaker 3: our distances and try to find some kind of middle

369
00:19:17,119 --> 00:19:20,359
Speaker 3: ground and form some sort of partnership where we could

370
00:19:20,960 --> 00:19:23,640
Speaker 3: take the game of golf forward. So he reached out,

371
00:19:23,680 --> 00:19:25,919
Speaker 3: which was quite a bold move. He didn't even know

372
00:19:26,000 --> 00:19:30,040
Speaker 3: who Jimmy Done was. And Jimmy Dunn basically responded back,

373
00:19:30,200 --> 00:19:33,919
Speaker 3: you know, very lukewarm response, saying, hey, maybe over the

374
00:19:34,000 --> 00:19:36,639
Speaker 3: year the next year will try and connect them. You know,

375
00:19:36,720 --> 00:19:40,040
Speaker 3: he wasn't super interested. And then there was this email

376
00:19:40,160 --> 00:19:44,800
Speaker 3: from this person, Roger Devlin, who had reached out first

377
00:19:44,800 --> 00:19:48,240
Speaker 3: to Jimmy, saying, hey, you know now it's January twenty

378
00:19:48,280 --> 00:19:52,879
Speaker 3: twenty three. We are in the We are interested in

379
00:19:52,960 --> 00:19:55,600
Speaker 3: moving forward, and if you don't, the Southeast are just

380
00:19:55,640 --> 00:19:58,840
Speaker 3: going to invest more in pro golf and take the

381
00:19:58,920 --> 00:20:01,800
Speaker 3: PGA down. So there's sort of like a threat kind of,

382
00:20:01,840 --> 00:20:04,640
Speaker 3: but he was polite but firm in the female and

383
00:20:05,200 --> 00:20:08,520
Speaker 3: somehow that led to a meeting between Jimmy Dunn and

384
00:20:08,640 --> 00:20:13,119
Speaker 3: yes Al Dumayan, the fifth Governor, which basically got this

385
00:20:13,200 --> 00:20:15,520
Speaker 3: whole thing started. So it's very interesting to see the

386
00:20:15,600 --> 00:20:21,320
Speaker 3: genesism where you know what to respond this whole idea

387
00:20:21,440 --> 00:20:23,600
Speaker 3: or deal or where it all started in terms of

388
00:20:23,760 --> 00:20:28,199
Speaker 3: the Saudis reaching out. And then also of interesting is

389
00:20:28,359 --> 00:20:33,080
Speaker 3: there was this very interesting document or a presentation, an

390
00:20:33,160 --> 00:20:35,960
Speaker 3: initial sort of proposal put forward by the Saudis to

391
00:20:36,040 --> 00:20:38,520
Speaker 3: the CG in terms of what their demands or wants

392
00:20:38,560 --> 00:20:41,560
Speaker 3: were or what they were proposing this vehicle could look like.

393
00:20:41,880 --> 00:20:46,160
Speaker 3: And it had certain interesting aspects where they wanted top

394
00:20:46,280 --> 00:20:48,040
Speaker 3: ranking golfers like Tiger Woods.

395
00:20:48,520 --> 00:20:50,280
Speaker 2: Now we're getting into a multi I have to cut

396
00:20:50,320 --> 00:20:52,680
Speaker 2: you off here because you know, disclosure is a wonderful thing.

397
00:20:52,920 --> 00:20:56,560
Speaker 2: And the proposal as it came back from the PGA

398
00:20:57,520 --> 00:21:01,400
Speaker 2: was preparing to give PGA golfers Tiger Woods and Roy

399
00:21:01,520 --> 00:21:04,960
Speaker 2: McElroy their ownly golf teams. Now that is really really

400
00:21:05,040 --> 00:21:09,320
Speaker 2: interesting given their reactions to the merger after the fact,

401
00:21:09,359 --> 00:21:11,480
Speaker 2: would you not say that. I mean, let's be clear, Rory,

402
00:21:12,000 --> 00:21:15,480
Speaker 2: you know, was railing against you know, the Sadies and

403
00:21:15,560 --> 00:21:17,560
Speaker 2: Live and then all of a sudden he kind of

404
00:21:17,600 --> 00:21:21,520
Speaker 2: switched this tune and Tiger has been very very quiet throughout.

405
00:21:21,560 --> 00:21:23,280
Speaker 2: So I'm just curious to hear your thoughts on all that.

406
00:21:24,440 --> 00:21:27,520
Speaker 3: Well, yeah, it's super interesting. We've seen you know, the

407
00:21:27,600 --> 00:21:30,879
Speaker 3: Lexaphil Mickelson and others jump ship over to live golf,

408
00:21:31,200 --> 00:21:35,120
Speaker 3: but Rory was a local, was a very vocal defender

409
00:21:35,240 --> 00:21:38,760
Speaker 3: of the PGA. We also saw, you know, while that

410
00:21:38,840 --> 00:21:41,760
Speaker 3: whole and I testified was going on, we also saw

411
00:21:41,840 --> 00:21:45,200
Speaker 3: Tiger Woods. You know, I believe he was given an

412
00:21:45,240 --> 00:21:48,359
Speaker 3: exorbitant amount of money, offered a lot to move over,

413
00:21:48,440 --> 00:21:52,760
Speaker 3: but he didn't. And now we're seeing you know, absolute

414
00:21:52,800 --> 00:21:56,119
Speaker 3: side a radio silence from Tiger Woods on this issue.

415
00:21:56,720 --> 00:21:58,960
Speaker 3: And it's kind of interesting because it was just a proposal,

416
00:21:59,040 --> 00:22:01,719
Speaker 3: so we don't know whether you know, it's definitely some

417
00:22:01,800 --> 00:22:02,520
Speaker 3: sort of demand.

418
00:22:02,880 --> 00:22:04,919
Speaker 2: Yeah, I mean the player, the players and may not

419
00:22:04,960 --> 00:22:07,119
Speaker 2: have even been involved in this. I completely take your point,

420
00:22:07,119 --> 00:22:10,280
Speaker 2: but it is a very very interesting piece of disclosure.

421
00:22:10,320 --> 00:22:12,520
Speaker 2: The other one that I thought was also interesting was

422
00:22:12,560 --> 00:22:15,320
Speaker 2: Greg Norman. I mean, obviously the PGA does not like

423
00:22:15,400 --> 00:22:16,040
Speaker 2: Greg Norman.

424
00:22:16,119 --> 00:22:21,000
Speaker 3: Eh, Yeah, somehow, you know, Greg Norman and the PGA

425
00:22:21,240 --> 00:22:25,920
Speaker 3: have been you know, daggers drawn for quite a while, right,

426
00:22:26,160 --> 00:22:29,359
Speaker 3: so it just seems like they took this opportunity to

427
00:22:29,400 --> 00:22:32,600
Speaker 3: take him down where there was a proposal where you know,

428
00:22:32,640 --> 00:22:34,600
Speaker 3: they said, let's have this side deal where if this

429
00:22:34,760 --> 00:22:38,960
Speaker 3: deal goes through Greg Norman would have to disappear from

430
00:22:39,040 --> 00:22:41,720
Speaker 3: from this from the scene basically. And it's kind of

431
00:22:41,720 --> 00:22:43,680
Speaker 3: interesting because the first question that a lot of people

432
00:22:43,760 --> 00:22:46,040
Speaker 3: we are asking when the soul deal came together was like,

433
00:22:46,359 --> 00:22:48,959
Speaker 3: so what does this mean? Like is live going to fold?

434
00:22:49,119 --> 00:22:51,520
Speaker 3: Like what is the future of Greg Norman? And this

435
00:22:51,640 --> 00:22:56,080
Speaker 3: was a question that even lawmakers kept asking at hearing recently,

436
00:22:56,119 --> 00:22:58,239
Speaker 3: where they were like, what happens to Greg Norman? What

437
00:22:58,240 --> 00:23:00,600
Speaker 3: about this side deal? And it looked like, you know,

438
00:23:01,200 --> 00:23:04,040
Speaker 3: that's yet to be decided, so we'll have to see

439
00:23:04,080 --> 00:23:06,280
Speaker 3: how that plays out in terms of Greg Norman in

440
00:23:06,320 --> 00:23:10,720
Speaker 3: his future. But according to the framework agreement, it looks

441
00:23:11,000 --> 00:23:15,919
Speaker 3: not framework agreement. Eventually. There was some sort of a

442
00:23:15,960 --> 00:23:19,840
Speaker 3: talking point for memo that Jay Monahan, the pg commissioner,

443
00:23:19,920 --> 00:23:21,840
Speaker 3: had where he was going to talk to the PGA

444
00:23:22,040 --> 00:23:25,800
Speaker 3: board before this deal was announced, where he said that

445
00:23:26,600 --> 00:23:28,520
Speaker 3: Greg Norman would be moved to some sort of an

446
00:23:28,560 --> 00:23:33,320
Speaker 3: advisory role, so basically, you know, kind of be relegated

447
00:23:33,320 --> 00:23:34,040
Speaker 3: to the background.

448
00:23:34,200 --> 00:23:36,159
Speaker 5: It's a great same way to get off the stage essentially.

449
00:23:37,320 --> 00:23:41,560
Speaker 3: Yeah. Absolutely, and Greg Norman, as you know, has been

450
00:23:41,720 --> 00:23:44,159
Speaker 3: very vocal in terms of the way he has pushed

451
00:23:44,160 --> 00:23:48,040
Speaker 3: back against the pg for months now, and he's been

452
00:23:48,040 --> 00:23:51,440
Speaker 3: talking about how it was important for players to have

453
00:23:51,520 --> 00:23:55,359
Speaker 3: this ability or freedom to play across rival circuits, and

454
00:23:55,400 --> 00:23:57,960
Speaker 3: he's been pushing for this for a while. But we

455
00:23:58,359 --> 00:24:00,960
Speaker 3: you know, we'll have to see where he lands up

456
00:24:00,960 --> 00:24:01,840
Speaker 3: at the end end of this.

457
00:24:01,920 --> 00:24:06,040
Speaker 1: All you mentioned about Jimmy Dunn, PGA board member, and

458
00:24:06,119 --> 00:24:09,119
Speaker 1: he was of course, as you mentioned in Washington and

459
00:24:09,240 --> 00:24:13,560
Speaker 1: probably had the quote that I think of the whole thing.

460
00:24:13,680 --> 00:24:16,639
Speaker 1: He was arguing that, look, the PGA Tour could not

461
00:24:17,520 --> 00:24:22,720
Speaker 1: compete against the rival Live Saudi back investments, and what

462
00:24:22,760 --> 00:24:25,840
Speaker 1: he said was, look, look Live put us on fire,

463
00:24:25,960 --> 00:24:30,200
Speaker 1: and Live was a constant every day, Who's going to go?

464
00:24:30,760 --> 00:24:34,320
Speaker 1: And he said it was very disruptive. Can you comment

465
00:24:34,440 --> 00:24:35,040
Speaker 1: more on that?

466
00:24:36,400 --> 00:24:39,240
Speaker 3: Well, I think for the PGA, just having to deal

467
00:24:39,280 --> 00:24:43,000
Speaker 3: with this litigation that Live Golf and the Public Investment

468
00:24:43,080 --> 00:24:47,720
Speaker 3: Fund had launched last year was a very expensive affair.

469
00:24:47,840 --> 00:24:50,520
Speaker 3: You know, litigation, as you know, is very costly. They

470
00:24:50,560 --> 00:24:54,600
Speaker 3: were paying millions of dollars to attorneys, you know, the

471
00:24:54,640 --> 00:24:57,640
Speaker 3: PGA to defend this and a trust too that Live

472
00:24:57,760 --> 00:25:01,040
Speaker 3: had launched against them. So on one side there was

473
00:25:01,080 --> 00:25:03,800
Speaker 3: this big legal attack and there had been a lot

474
00:25:03,840 --> 00:25:07,119
Speaker 3: of you know, chatter just in terms of since the

475
00:25:07,160 --> 00:25:11,800
Speaker 3: pandemic about whether the PG you know, was able to

476
00:25:11,880 --> 00:25:14,760
Speaker 3: kind of recoup and how you know, what what would

477
00:25:14,800 --> 00:25:17,600
Speaker 3: happen to the PG in the future in terms of financing,

478
00:25:17,640 --> 00:25:19,920
Speaker 3: like would they have to raise money through private equity

479
00:25:20,040 --> 00:25:23,720
Speaker 3: or some other means. So there were all these questions,

480
00:25:23,720 --> 00:25:27,360
Speaker 3: and then Live was absolutely amping up in terms of

481
00:25:28,119 --> 00:25:32,440
Speaker 3: having larger amounts, you know, in terms of prizes and

482
00:25:32,560 --> 00:25:35,480
Speaker 3: having these glitzy, glamorous events, and the PJ would have

483
00:25:35,520 --> 00:25:38,320
Speaker 3: to keep up so and they would have to keep

484
00:25:38,359 --> 00:25:42,040
Speaker 3: players happy, and they did announce them incentives for players

485
00:25:42,080 --> 00:25:45,359
Speaker 3: to uh to kind of uh make sure that they

486
00:25:45,400 --> 00:25:49,480
Speaker 3: wouldn't defect to Live Golf. So they were definitely having

487
00:25:49,480 --> 00:25:52,600
Speaker 3: a hard time in terms of financially, I think. And

488
00:25:53,480 --> 00:25:55,240
Speaker 3: at the same time, of course, we don't have the

489
00:25:55,320 --> 00:25:58,200
Speaker 3: numbers because a lot of this isn't public in terms

490
00:25:58,240 --> 00:26:01,200
Speaker 3: of their finances, but it definitely seem like they were

491
00:26:01,320 --> 00:26:05,840
Speaker 3: bleeding a lot of money just through the litigation and

492
00:26:06,160 --> 00:26:09,040
Speaker 3: Live as you know, since they're backed by an oil

493
00:26:09,119 --> 00:26:17,560
Speaker 3: rich kingdom with deep pockets, they had absolutely no problem. Absolutely, Yeah,

494
00:26:17,600 --> 00:26:19,960
Speaker 3: I'm guessing you know, the pockets are like an abyss.

495
00:26:20,000 --> 00:26:24,480
Speaker 3: But yeah, you know, they definitely had to keep this

496
00:26:24,840 --> 00:26:28,120
Speaker 3: fight going, you know, this litigation and trying to step

497
00:26:28,240 --> 00:26:31,320
Speaker 3: up their game to push back against Live. So I

498
00:26:31,640 --> 00:26:34,320
Speaker 3: feel like they they felt as if this was the

499
00:26:34,359 --> 00:26:37,240
Speaker 3: way to do it, and I think there were some questions.

500
00:26:37,480 --> 00:26:41,280
Speaker 3: You know, Randal Stevenson, the former team chairman of AT

501
00:26:41,359 --> 00:26:44,399
Speaker 3: and T, he announced that he's resigning from the board,

502
00:26:44,960 --> 00:26:48,960
Speaker 3: and you know, there was some reporting that he had

503
00:26:49,280 --> 00:26:52,119
Speaker 3: issues with this whole tie up with the Southeast, and

504
00:26:52,200 --> 00:26:53,800
Speaker 3: he had said, you know, there may have been other

505
00:26:53,880 --> 00:26:57,400
Speaker 3: ways to raise money, and that is true, but perhaps

506
00:26:57,440 --> 00:27:00,480
Speaker 3: you know, making this litigation and that whole legal headache

507
00:27:00,560 --> 00:27:03,760
Speaker 3: go away. They needed to have this deal because one

508
00:27:03,800 --> 00:27:06,440
Speaker 3: of the terms of the deal is that the litigation

509
00:27:06,800 --> 00:27:09,920
Speaker 3: is resolved, and it has been resolved. So I think

510
00:27:10,760 --> 00:27:12,800
Speaker 3: that was an important step for Undertake, and I think

511
00:27:12,800 --> 00:27:16,200
Speaker 3: that's what Jimmy done was trying to explain that liv

512
00:27:16,440 --> 00:27:22,800
Speaker 3: was really facing putting on this huge threat and the

513
00:27:22,840 --> 00:27:25,639
Speaker 3: PTA was having a really hard time pushing back and

514
00:27:25,680 --> 00:27:30,320
Speaker 3: they had to resort to this deal to sort of

515
00:27:30,359 --> 00:27:33,640
Speaker 3: come up with the best situation where they could potentially

516
00:27:33,720 --> 00:27:38,919
Speaker 3: have the resources to innovate and change the golf formats

517
00:27:39,000 --> 00:27:42,840
Speaker 3: and appeal to younger audiences and do whatever it is

518
00:27:42,880 --> 00:27:45,119
Speaker 3: they had in terms of their plans to kind of

519
00:27:45,960 --> 00:27:49,160
Speaker 3: make sure that the pro golf business was driving. So

520
00:27:49,240 --> 00:27:51,719
Speaker 3: I think that was what Jimmy done, was trying to explain.

521
00:27:51,920 --> 00:27:54,160
Speaker 1: You don't hear about this drama in putt put golf,

522
00:27:54,880 --> 00:27:58,720
Speaker 1: none of this. There was that famous windmill controversy back

523
00:27:58,720 --> 00:28:00,040
Speaker 1: in fifty two, but that's.

524
00:28:00,359 --> 00:28:01,280
Speaker 5: That got resolved quickly.

525
00:28:01,359 --> 00:28:05,840
Speaker 1: Yeah, well, you know, and you are being so kind

526
00:28:06,720 --> 00:28:10,080
Speaker 1: Malti Nayak, our own Bloomberg. Thank you so much for

527
00:28:10,160 --> 00:28:13,040
Speaker 1: joining us on the Bloomberg Business of Sports and trying

528
00:28:13,080 --> 00:28:16,560
Speaker 1: to explain all of us. And it just really is

529
00:28:16,600 --> 00:28:18,600
Speaker 1: one of the biggest dramas that's been going on in

530
00:28:18,720 --> 00:28:21,480
Speaker 1: golf in a long time. Thank you so much.

531
00:28:22,600 --> 00:28:24,240
Speaker 3: Well, thanks for having me. And it looks like the

532
00:28:24,359 --> 00:28:26,359
Speaker 3: drama isn't going to stop. We'll have to see in

533
00:28:26,359 --> 00:28:29,160
Speaker 3: the next few months how they put all these financial

534
00:28:29,200 --> 00:28:31,000
Speaker 3: terms together, and I'm sure there's going to be some

535
00:28:31,080 --> 00:28:33,359
Speaker 3: hiccups along, so we'll be reporting all of that.

536
00:28:33,840 --> 00:28:37,280
Speaker 1: Chant our thanks to Bloomberg legal reporter Malti Nayak for

537
00:28:37,359 --> 00:28:40,080
Speaker 1: joining us. It's a story we will continue to keep

538
00:28:40,120 --> 00:28:42,400
Speaker 1: an eye on up. Next on the show, we talked

539
00:28:42,520 --> 00:28:46,880
Speaker 1: with a long time sportscaster, Howard David about the state

540
00:28:47,080 --> 00:28:50,200
Speaker 1: of sports media and more straight ahead on the Bloomberg

541
00:28:50,240 --> 00:29:01,440
Speaker 1: Business of Sports Bloomberg Radio around the world. Thanks for

542
00:29:01,520 --> 00:29:03,800
Speaker 1: joining us on the Bloomberg Business of Sports show. We'll

543
00:29:03,800 --> 00:29:06,000
Speaker 1: be explored the big money issues in the world of sports.

544
00:29:06,200 --> 00:29:09,400
Speaker 1: Michael Barr for Scarlett Fu and Damian SaaS Hour. The

545
00:29:09,480 --> 00:29:13,600
Speaker 1: sports media landscape is changing before our eyes. We just

546
00:29:13,760 --> 00:29:17,120
Speaker 1: saw ESPN go through a series of big layoffs, parting

547
00:29:17,120 --> 00:29:20,040
Speaker 1: ways with some of their top on air talent.

548
00:29:20,160 --> 00:29:23,560
Speaker 5: Yeah, Jeff Ye Gundy, Steve Young a friend of the show,

549
00:29:23,600 --> 00:29:25,920
Speaker 5: by the way, Plus how we watch games is really

550
00:29:25,920 --> 00:29:28,800
Speaker 5: in flux with the NFL Sunday ticket heading to YouTube

551
00:29:29,000 --> 00:29:32,440
Speaker 5: and streaming platforms like Apple TV adding more live sports coverage.

552
00:29:32,560 --> 00:29:34,360
Speaker 2: That's right, and here to take us through some of

553
00:29:34,400 --> 00:29:36,600
Speaker 2: that and some of the other big sport headlines is

554
00:29:36,760 --> 00:29:39,560
Speaker 2: friend of the show and longtime NFL and by the way,

555
00:29:39,640 --> 00:29:43,680
Speaker 2: Jets play by play announcer and broadcaster mister Howard David.

556
00:29:44,240 --> 00:29:47,400
Speaker 1: Howard, Welcome to the Bloomberg Business of Sports.

557
00:29:47,680 --> 00:29:49,120
Speaker 4: Thanks for having me. I appreciate it.

558
00:29:49,320 --> 00:29:52,080
Speaker 1: Hey me. Before we get into some good old stuff,

559
00:29:52,120 --> 00:29:54,520
Speaker 1: I want to quickly mention you got a podcast out

560
00:29:54,680 --> 00:29:55,840
Speaker 1: a bite of the big Apple.

561
00:29:56,920 --> 00:30:00,360
Speaker 4: Yeah, I believe I've been doing it for a couple

562
00:30:00,400 --> 00:30:03,960
Speaker 4: of years. And you see, back in the days when

563
00:30:04,000 --> 00:30:07,920
Speaker 4: we had a ROLLERDECKX Chris going through my rollodecks looking

564
00:30:07,960 --> 00:30:11,600
Speaker 4: for people to call Adam's guest. But now just go

565
00:30:11,720 --> 00:30:16,720
Speaker 4: through my phone book and just I tack old relationships

566
00:30:16,720 --> 00:30:24,840
Speaker 4: with broadcasters, managers, coaches, players, sports writers. I don't get

567
00:30:24,840 --> 00:30:27,920
Speaker 4: anybody now from the New York Times because they went away.

568
00:30:28,280 --> 00:30:30,440
Speaker 2: Well, Howard, that rollodex just got a little bit larger.

569
00:30:30,560 --> 00:30:33,760
Speaker 2: I mean, we saw some pretty deep layoffs at ESPN

570
00:30:33,840 --> 00:30:37,440
Speaker 2: and people that I know, you know, Keishawn Johnson and others,

571
00:30:37,440 --> 00:30:39,560
Speaker 2: you know, talk to us a little bit about what

572
00:30:39,600 --> 00:30:41,920
Speaker 2: these layffs mean for the business. I mean, I mean,

573
00:30:42,040 --> 00:30:44,520
Speaker 2: is this a function of ESPN struggling to turn rising

574
00:30:44,560 --> 00:30:47,760
Speaker 2: talent into mainstream stars. I'm thinking, you know, Chris Berman,

575
00:30:47,880 --> 00:30:50,680
Speaker 2: Dan Patrick and whatnot. I mean, what what is Jimmy

576
00:30:50,720 --> 00:30:51,720
Speaker 2: Pittarro doing?

577
00:30:53,240 --> 00:30:56,280
Speaker 4: You know, I wish I knew when I first saw it,

578
00:30:57,520 --> 00:31:02,400
Speaker 4: I couldn't believe, but I was watching Jeff Van Gundy seriously.

579
00:31:03,040 --> 00:31:06,760
Speaker 4: I mean, he and Mark Jackson and Mike bring him

580
00:31:06,760 --> 00:31:09,680
Speaker 4: been together for a few years and they're the pre

581
00:31:09,680 --> 00:31:14,560
Speaker 4: eminent pair. I guess rio when it comes to NBA

582
00:31:14,680 --> 00:31:17,400
Speaker 4: and the finals and so on, why this happened. I mean,

583
00:31:17,440 --> 00:31:20,400
Speaker 4: it's obviously that this is money generated, and I get that,

584
00:31:20,880 --> 00:31:23,280
Speaker 4: But what I don't get is that how did you

585
00:31:23,360 --> 00:31:27,040
Speaker 4: let it get to this point? If you're ESPN, did

586
00:31:27,040 --> 00:31:29,560
Speaker 4: you not do the books correctly? I mean, how do

587
00:31:29,640 --> 00:31:32,400
Speaker 4: you get to a point where you're laying off Dan

588
00:31:32,520 --> 00:31:36,760
Speaker 4: Gundy and Susie Calbert and Max Kellerman and Keyshawn Johnson

589
00:31:37,040 --> 00:31:40,000
Speaker 4: and Todd McShay and the list goes on. I just

590
00:31:40,040 --> 00:31:43,920
Speaker 4: don't understand why you let it get to this point

591
00:31:43,960 --> 00:31:47,120
Speaker 4: where you had a chop the people that are part

592
00:31:47,160 --> 00:31:50,800
Speaker 4: of the mainstream of ESPN. I mean, did somebody just

593
00:31:51,280 --> 00:31:54,000
Speaker 4: miss did somebody do a bad job with the books?

594
00:31:54,160 --> 00:31:55,320
Speaker 4: I just didn't understand it.

595
00:31:55,720 --> 00:31:57,800
Speaker 5: Well, we know the sports rights, the live sports rights

596
00:31:57,800 --> 00:32:00,920
Speaker 5: have been going up in costs, and ESPN, like all

597
00:32:00,920 --> 00:32:04,960
Speaker 5: the other streamers, need to now account for that, and

598
00:32:05,000 --> 00:32:09,200
Speaker 5: I suppose these firings are a way of signaling that

599
00:32:09,240 --> 00:32:11,560
Speaker 5: the live sports rights are the real stars as opposed

600
00:32:11,600 --> 00:32:14,400
Speaker 5: to the broadcasters. Do you think that's something that the

601
00:32:14,440 --> 00:32:16,880
Speaker 5: streaming companies that are now trying to get in on

602
00:32:16,920 --> 00:32:19,560
Speaker 5: live sports rights are going to adopt as well? Eventually,

603
00:32:19,800 --> 00:32:22,960
Speaker 5: this idea that the sports rights themselves are the star

604
00:32:23,200 --> 00:32:27,440
Speaker 5: and the commentators the broadcasters, you know, they're replaceable.

605
00:32:29,400 --> 00:32:31,880
Speaker 4: It's a fair point. I had a conversation. I've known

606
00:32:32,040 --> 00:32:37,520
Speaker 4: Bob Costas for probably thirty years, and I've had many

607
00:32:37,560 --> 00:32:40,920
Speaker 4: conversations with Bob off the air, and we share a

608
00:32:41,000 --> 00:32:45,240
Speaker 4: lot of the same concerns, not the least of which

609
00:32:45,280 --> 00:32:50,520
Speaker 4: is what we're talking about, but also broadcasters specifically. We

610
00:32:50,680 --> 00:32:54,239
Speaker 4: both agree that the new wave of broadcasters think that

611
00:32:54,400 --> 00:32:57,920
Speaker 4: loud is better when all it is is loud. But

612
00:32:58,120 --> 00:33:01,000
Speaker 4: I'll table that for a second when it comes to

613
00:33:02,840 --> 00:33:06,560
Speaker 4: where we are now. Bob and I have both agreed

614
00:33:07,000 --> 00:33:11,400
Speaker 4: years ago that nobody's tuning into a broadcast to hear

615
00:33:11,440 --> 00:33:15,440
Speaker 4: the broadcasters. They're tuning in to hear the game. Specifically.

616
00:33:15,440 --> 00:33:18,160
Speaker 4: You walk into a bar, you have no idea who's

617
00:33:18,200 --> 00:33:22,920
Speaker 4: doing the game. You're watching the game because, let's be honest,

618
00:33:23,240 --> 00:33:25,600
Speaker 4: maybe you have a bet on it. You're watching the

619
00:33:25,640 --> 00:33:28,360
Speaker 4: game because your favorite team is playing. You're watching a

620
00:33:28,360 --> 00:33:31,400
Speaker 4: game because it's a big game if you're not necessarily

621
00:33:31,440 --> 00:33:34,960
Speaker 4: tuning in. Now, the exception to that was the late

622
00:33:35,040 --> 00:33:38,160
Speaker 4: John Matty. A lot of people tuned in to hear

623
00:33:38,320 --> 00:33:41,840
Speaker 4: John Matty because he was like a lightning rod. But

624
00:33:42,040 --> 00:33:46,440
Speaker 4: I don't think that's the general's story right now in broadcasting,

625
00:33:46,560 --> 00:33:50,240
Speaker 4: where people are tuning in to hear the broadcasters. My

626
00:33:50,400 --> 00:33:55,000
Speaker 4: problem with today's young broadcasters, and I appreciate their enthusiasts,

627
00:33:55,440 --> 00:33:58,080
Speaker 4: you don't need to scream, you don't need to make

628
00:33:58,120 --> 00:34:02,080
Speaker 4: the first inning sound like the ninth inning. You don't

629
00:34:02,120 --> 00:34:05,000
Speaker 4: need to hear the first quarter sound like the fourth quarter.

630
00:34:05,360 --> 00:34:07,560
Speaker 4: And there are some broadcasters that are guilty of doing that.

631
00:34:08,320 --> 00:34:10,239
Speaker 2: Well, yeah, Howard, I mean, but you know, think about

632
00:34:10,239 --> 00:34:11,920
Speaker 2: how the business has changed, right. I mean, I'm just

633
00:34:11,920 --> 00:34:13,719
Speaker 2: going to throw some numbers at you. I mean, Troy

634
00:34:13,760 --> 00:34:16,360
Speaker 2: Aikman five years, ninety three million dollars in the booth.

635
00:34:16,440 --> 00:34:19,040
Speaker 2: You know, Pat McAfee five years, eighty five million, Joe

636
00:34:19,040 --> 00:34:21,560
Speaker 2: Bucks seventy five million. I mean, if Greeney's earning five

637
00:34:21,560 --> 00:34:24,120
Speaker 2: to six million a year, I mean, the business is

638
00:34:24,360 --> 00:34:27,160
Speaker 2: obviously changing. I mean, what is all these like mega

639
00:34:27,200 --> 00:34:30,279
Speaker 2: contracts for broadcasters, What does that do to the to

640
00:34:30,320 --> 00:34:30,960
Speaker 2: the end product.

641
00:34:32,000 --> 00:34:34,880
Speaker 4: Look, it's good for them, you know, let's let's not

642
00:34:34,960 --> 00:34:37,400
Speaker 4: kid ourselves. They're making a lot of money because a

643
00:34:37,560 --> 00:34:39,880
Speaker 4: they have a good agent and they have a willing

644
00:34:39,960 --> 00:34:46,480
Speaker 4: partner on the other side, specifically ESPN. But somebody didn't

645
00:34:46,480 --> 00:34:49,280
Speaker 4: do their homework. Yeah, you didn't plan this very well.

646
00:34:49,480 --> 00:34:51,719
Speaker 4: If you're going to pay, let's use the number. You're

647
00:34:51,719 --> 00:34:54,799
Speaker 4: going to pay fifty million dollars for the rights to

648
00:34:54,880 --> 00:34:57,040
Speaker 4: the NFL, and I know it's more than that. Let's

649
00:34:57,040 --> 00:35:00,440
Speaker 4: just use the number. You know what that number is.

650
00:35:00,560 --> 00:35:03,839
Speaker 4: And then from there. You didn't just say Okay, I'm

651
00:35:03,840 --> 00:35:06,279
Speaker 4: gonna agree to this deal and then we'll figure out

652
00:35:06,680 --> 00:35:09,840
Speaker 4: the components of it later on. No, you go into

653
00:35:09,880 --> 00:35:12,799
Speaker 4: this thing with a game plan. When I prepare for

654
00:35:12,880 --> 00:35:16,399
Speaker 4: a game, I prepare for a game. I don't want

655
00:35:16,440 --> 00:35:18,440
Speaker 4: to be surprised. I want to make sure I've got

656
00:35:18,480 --> 00:35:21,600
Speaker 4: all my facts order. It's the same thing with the

657
00:35:21,960 --> 00:35:27,080
Speaker 4: executives at the networks. They have to plan for a

658
00:35:27,120 --> 00:35:31,520
Speaker 4: particular event or series of events and then figure out, Okay,

659
00:35:31,520 --> 00:35:34,080
Speaker 4: how does this break down for our costs? Well, again,

660
00:35:34,120 --> 00:35:37,040
Speaker 4: I come back to what I said before. Somebody is

661
00:35:37,080 --> 00:35:40,440
Speaker 4: not doing their homework and I'm not going to figure

662
00:35:40,440 --> 00:35:44,040
Speaker 4: at ESPN it's everybody is guilty and being tardy of

663
00:35:44,080 --> 00:35:44,720
Speaker 4: the same brush.

664
00:35:45,280 --> 00:35:47,080
Speaker 2: Well, how would you talk about the importance of having

665
00:35:47,080 --> 00:35:50,800
Speaker 2: a game plan? And as longtime voice of the great

666
00:35:51,719 --> 00:35:54,000
Speaker 2: NFL franchise, the New York Jets, talk to me about

667
00:35:54,120 --> 00:35:57,239
Speaker 2: Joe Douglas game plan this year? What are we expecting

668
00:35:57,280 --> 00:36:00,239
Speaker 2: here with Aaron Rodgers with the New York Jets as

669
00:36:00,239 --> 00:36:00,840
Speaker 2: we head into the.

670
00:36:04,719 --> 00:36:04,879
Speaker 1: Now?

671
00:36:05,200 --> 00:36:11,840
Speaker 4: What we have a Jets fan in here somewhere else? No, Look,

672
00:36:12,600 --> 00:36:15,680
Speaker 4: Aaron Rodgers is the biggest story in the twenty twenty

673
00:36:15,719 --> 00:36:20,239
Speaker 4: three NFL season. People are curious does he still have

674
00:36:20,440 --> 00:36:23,520
Speaker 4: what he had when he won to an MVPs? Is

675
00:36:23,560 --> 00:36:26,799
Speaker 4: he going to be the same Aaron Rodgers? Is he

676
00:36:26,880 --> 00:36:31,240
Speaker 4: going to do? The Jets have enough supporting personnel around

677
00:36:31,320 --> 00:36:34,480
Speaker 4: him to make him look good and vice versa. I

678
00:36:34,520 --> 00:36:36,719
Speaker 4: look at the Jets as a team. I have no

679
00:36:36,920 --> 00:36:40,279
Speaker 4: question about their wide receiver room. They are loaded top

680
00:36:40,360 --> 00:36:43,520
Speaker 4: to bottom. I have no question about their running back room.

681
00:36:43,840 --> 00:36:48,240
Speaker 4: They're strong and maybe even get stronger with the addition

682
00:36:48,400 --> 00:36:52,760
Speaker 4: Dalvin Cook from Minnesota. My only concern with the Jets

683
00:36:52,800 --> 00:36:56,600
Speaker 4: offensively is their offensive line. Do they have a good

684
00:36:56,640 --> 00:37:00,759
Speaker 4: knock offensive line to protect Aaron Rodgers and open up

685
00:37:00,800 --> 00:37:02,840
Speaker 4: the holes for their running backs. I don't have the

686
00:37:02,880 --> 00:37:05,759
Speaker 4: answer to that right now, but he's got to go

687
00:37:05,760 --> 00:37:09,359
Speaker 4: into training camp knowing that what we have is either

688
00:37:09,400 --> 00:37:12,399
Speaker 4: good enough or we need to fill in some holes.

689
00:37:13,040 --> 00:37:15,120
Speaker 4: If they need to fill in some holes, okay, fine,

690
00:37:15,280 --> 00:37:18,680
Speaker 4: they've got a little bit of time. Defensively, there is

691
00:37:18,719 --> 00:37:21,760
Speaker 4: no concern in my mind. They're a top five defense

692
00:37:21,800 --> 00:37:25,600
Speaker 4: in the NFL right now? Are they a Super Bowl contender?

693
00:37:26,600 --> 00:37:28,600
Speaker 4: I'm not putting them in the same class with Kansas

694
00:37:28,640 --> 00:37:33,360
Speaker 4: City or Philadelphia, but I would say that in the AFC,

695
00:37:34,160 --> 00:37:36,560
Speaker 4: I would put him in the top five. Absolutely.

696
00:37:37,960 --> 00:37:43,279
Speaker 1: One thing that always convinced me about Tom Brady and

697
00:37:43,400 --> 00:37:45,759
Speaker 1: why he lasted so long, and you hit the nail

698
00:37:45,800 --> 00:37:48,840
Speaker 1: on the head as usual, he had one heck of

699
00:37:48,880 --> 00:37:52,399
Speaker 1: an O line, and I wonder, now, you know, can

700
00:37:52,480 --> 00:37:56,840
Speaker 1: you recreate that with an Aaron Rodgers for the Jets.

701
00:37:58,280 --> 00:38:03,600
Speaker 4: Yeah, you can, you can. It's look, it's it's the

702
00:38:03,880 --> 00:38:07,600
Speaker 4: the owners is still in the quarterback. That ball's got

703
00:38:07,600 --> 00:38:10,480
Speaker 4: to get out of his hand in less than three seconds.

704
00:38:10,760 --> 00:38:14,799
Speaker 4: Otherwise he's leaving everything to chance. So then this is

705
00:38:14,800 --> 00:38:18,360
Speaker 4: why we use it to turn a team. Everybody plays

706
00:38:18,360 --> 00:38:21,440
Speaker 4: a role here. The wide receivers have got into it,

707
00:38:21,560 --> 00:38:24,760
Speaker 4: got to get into their routes quickly. The running backs

708
00:38:24,800 --> 00:38:27,879
Speaker 4: have to hit the hole quickly. The quarterback has got

709
00:38:27,880 --> 00:38:32,120
Speaker 4: to make a decision instantaneously. So it all revolves around.

710
00:38:32,600 --> 00:38:35,920
Speaker 4: We're all you know, it's like the Radio City Roquettes.

711
00:38:36,239 --> 00:38:38,960
Speaker 4: We all better be dancing at the same tune, otherwise

712
00:38:38,960 --> 00:38:43,680
Speaker 4: we're going to look foolish. So the offensive line is

713
00:38:43,680 --> 00:38:48,240
Speaker 4: a critical part of this. But I look at Aaron Rodgers.

714
00:38:49,239 --> 00:38:50,600
Speaker 4: Is he too old at thirty eight?

715
00:38:50,680 --> 00:38:50,719
Speaker 7: No?

716
00:38:52,040 --> 00:38:55,400
Speaker 4: Can he play another two years? Maybe? Look Tom Brady

717
00:38:55,400 --> 00:38:58,160
Speaker 4: plays till he was forty four. Can Aaron Rodgers do that?

718
00:38:58,680 --> 00:39:01,839
Speaker 1: Why not hard knocks? We got to talk about that.

719
00:39:02,280 --> 00:39:06,840
Speaker 1: I'm amazed that Damien didn't bring it up. You know,

720
00:39:07,160 --> 00:39:08,520
Speaker 1: you want, you want to say something.

721
00:39:08,600 --> 00:39:11,120
Speaker 2: Well, I mean, look, you know, I'm I'm I just

722
00:39:11,200 --> 00:39:12,520
Speaker 2: you know, I don't know if I want everybody in

723
00:39:12,560 --> 00:39:14,680
Speaker 2: the bedroom this year. You know, we've got some as

724
00:39:14,800 --> 00:39:16,840
Speaker 2: Howard rightly points out, we got it. We got some

725
00:39:16,960 --> 00:39:19,040
Speaker 2: questions around the offensive line. We've got to sign our

726
00:39:19,080 --> 00:39:21,960
Speaker 2: defensive tackle. I don't know if I want eachbo and

727
00:39:22,000 --> 00:39:23,799
Speaker 2: Hard Knocks in the bedroom with us this year. That's

728
00:39:23,800 --> 00:39:26,800
Speaker 2: just my opinion. But you know it's going to be entertaining.

729
00:39:26,840 --> 00:39:29,359
Speaker 1: Well, thanks for that visual, Howard. Can you help us man?

730
00:39:31,400 --> 00:39:34,000
Speaker 4: The mere thought of listening to in his bedroom is

731
00:39:34,040 --> 00:39:38,200
Speaker 4: not exactly exciting.

732
00:39:41,360 --> 00:39:42,200
Speaker 1: He brought it up.

733
00:39:43,440 --> 00:39:46,320
Speaker 4: I know he means white. She comes in about an hour.

734
00:39:46,200 --> 00:39:50,680
Speaker 7: Later, easy, Howard.

735
00:39:51,360 --> 00:39:53,120
Speaker 2: Howard and I do you know each other? We have

736
00:39:53,160 --> 00:39:57,120
Speaker 2: a very close, non working relationship, Michael. If you must know,

737
00:39:57,600 --> 00:39:59,840
Speaker 2: you know Howard's daughter and I are very close friends.

738
00:40:01,000 --> 00:40:03,960
Speaker 2: A grandson and my son are best of friends.

739
00:40:04,000 --> 00:40:07,360
Speaker 4: So yep, that's although that's true. I would suggest this

740
00:40:08,840 --> 00:40:13,000
Speaker 4: as it relates to Hard Knocks. I've had conversations with

741
00:40:13,160 --> 00:40:17,200
Speaker 4: members of the Jet organization. This is the NFL, It's

742
00:40:17,280 --> 00:40:21,480
Speaker 4: one of their babies. They love the Hard Knocks idea. Obviously,

743
00:40:21,600 --> 00:40:25,480
Speaker 4: the story of the season is Aaron Rodgers and the Jets.

744
00:40:25,840 --> 00:40:28,080
Speaker 4: So there's any even going to be a team featured

745
00:40:28,080 --> 00:40:29,880
Speaker 4: on the Hard Knots It was going to be this one.

746
00:40:30,080 --> 00:40:33,439
Speaker 4: But I can tell you straight up, if I've talked

747
00:40:33,440 --> 00:40:36,160
Speaker 4: to people in the organization, they don't want it. They

748
00:40:36,200 --> 00:40:38,480
Speaker 4: don't want to be a part of it. They want

749
00:40:38,520 --> 00:40:43,480
Speaker 4: to do go about their business their way without a distraction,

750
00:40:43,640 --> 00:40:47,800
Speaker 4: and that's what look. Hard Knocks is an entertainment vehicle,

751
00:40:47,840 --> 00:40:52,080
Speaker 4: there's no question about it. But it's also a distraction

752
00:40:52,200 --> 00:40:54,239
Speaker 4: of the team involved. And that's the way the Jets

753
00:40:54,280 --> 00:40:57,120
Speaker 4: are looking at it. I think they change their look.

754
00:40:57,160 --> 00:40:58,839
Speaker 4: They're not gonna I don't think they're gonna change their mind.

755
00:40:58,880 --> 00:41:01,560
Speaker 4: I think it's going to happen. And if it happens,

756
00:41:01,960 --> 00:41:05,200
Speaker 4: well be it. We're going to be focused on that.

757
00:41:05,320 --> 00:41:08,280
Speaker 4: I can understand the reasons why. And I'm looking forward

758
00:41:09,000 --> 00:41:12,400
Speaker 4: week one on Monday night football and Buffalo is playing

759
00:41:12,440 --> 00:41:16,640
Speaker 4: the Jets at Metlike Stadium. I mean, you talk about

760
00:41:16,960 --> 00:41:19,520
Speaker 4: a big ratings producer there it is.

761
00:41:20,400 --> 00:41:24,279
Speaker 1: We're talking with Howard David, longtime sportscaster. Up next more

762
00:41:24,360 --> 00:41:27,520
Speaker 1: with Howard, we'll get his thoughts on Victor wibin Yama

763
00:41:27,760 --> 00:41:31,319
Speaker 1: and the PGA Live Golf saga. That's straight ahead on

764
00:41:31,320 --> 00:41:35,320
Speaker 1: the Bloomberg Business of Sports from Bloomberg Radio around the world.

765
00:41:41,000 --> 00:41:44,000
Speaker 1: Thanks for joining us on the Bloomberg Business of Sports podcast,

766
00:41:44,040 --> 00:41:46,000
Speaker 1: where we explore the big money issues in the world

767
00:41:46,040 --> 00:41:49,880
Speaker 1: of sports. Michael Barr for Scarlett Foo and Damian Sasaur.

768
00:41:50,239 --> 00:41:54,719
Speaker 1: We're talking to Howard David, longtime sportscaster and friend of

769
00:41:54,760 --> 00:41:57,360
Speaker 1: the show. Let's get back into our conversation.

770
00:41:57,680 --> 00:42:00,840
Speaker 5: I got to ask you about basketball, and I know

771
00:42:00,960 --> 00:42:03,920
Speaker 5: that Damien Will will dominate when it comes to some

772
00:42:04,000 --> 00:42:07,680
Speaker 5: of the international top draft picks. But I just learned

773
00:42:07,680 --> 00:42:11,160
Speaker 5: about this mid season tournament, this in season tournament that's

774
00:42:11,160 --> 00:42:15,120
Speaker 5: coming up this twenty three to twenty four season. What

775
00:42:15,239 --> 00:42:16,960
Speaker 5: is the demand for this? Why are they doing this?

776
00:42:17,360 --> 00:42:19,280
Speaker 5: I know it's something the NBA has talked about for years,

777
00:42:19,280 --> 00:42:22,120
Speaker 5: but from where you sit, is this a good idea?

778
00:42:22,360 --> 00:42:23,719
Speaker 5: What does it accomplish?

779
00:42:24,120 --> 00:42:26,600
Speaker 4: Well, I'm the big fan of Adam Silver, the commissioner.

780
00:42:26,600 --> 00:42:30,640
Speaker 4: I think he's the most effective commissioner in all sports.

781
00:42:30,880 --> 00:42:32,839
Speaker 4: I think he's got everything in line. You learn from

782
00:42:32,920 --> 00:42:36,600
Speaker 4: David Stern. That's a pretty good mentor. Adam Silver knows

783
00:42:36,640 --> 00:42:40,680
Speaker 4: what he's doing. This particular thing raises questions in my mind,

784
00:42:41,239 --> 00:42:44,120
Speaker 4: do we need a mid season tournament and what's the

785
00:42:44,200 --> 00:42:48,680
Speaker 4: reason for doing it? And the obvious question is aren't

786
00:42:48,680 --> 00:42:51,640
Speaker 4: you paying enough attention to What about the injury factor?

787
00:42:52,120 --> 00:42:54,440
Speaker 4: That to me is the most important thing. I mean,

788
00:42:54,440 --> 00:42:57,359
Speaker 4: you get you'd lose a key player in a mid

789
00:42:57,360 --> 00:42:59,719
Speaker 4: season tournament and maybe he's after the rest of the year.

790
00:42:59,800 --> 00:43:04,319
Speaker 4: So what have you accomplished personally? And I'm gonna give it.

791
00:43:04,600 --> 00:43:07,160
Speaker 4: I want to see it through first, but I'm not

792
00:43:07,239 --> 00:43:09,440
Speaker 4: in favor of it because of the injury factors.

793
00:43:10,080 --> 00:43:12,879
Speaker 5: Is it just to create or increase the stakes at

794
00:43:12,920 --> 00:43:15,319
Speaker 5: a time of the season when you know people need

795
00:43:15,320 --> 00:43:17,080
Speaker 5: a reason to get into it because the football is

796
00:43:17,120 --> 00:43:17,920
Speaker 5: still taking place.

797
00:43:19,560 --> 00:43:23,600
Speaker 4: It's a valid point. But that's the reason why you're

798
00:43:23,600 --> 00:43:26,719
Speaker 4: doing it. Then you know, have enough faith in your sport. Look,

799
00:43:26,760 --> 00:43:29,440
Speaker 4: the NFL is still the number one sport in America.

800
00:43:29,800 --> 00:43:33,680
Speaker 4: The ratings proved that act. But the NBA, because of

801
00:43:33,719 --> 00:43:37,120
Speaker 4: the international flavor, has gotten big around the world. And

802
00:43:37,160 --> 00:43:41,680
Speaker 4: so now you've got Jani Santracumpo, who's a big star,

803
00:43:41,840 --> 00:43:45,600
Speaker 4: tops three player in the league, Joel Ndi MVP winner

804
00:43:45,640 --> 00:43:50,360
Speaker 4: this year. You got this young kid, victor Ian Bayama

805
00:43:50,520 --> 00:43:52,560
Speaker 4: who's going to San Antonio. How about that? I got

806
00:43:52,560 --> 00:43:57,200
Speaker 4: his name pronunci nice job. I mean this kid, I

807
00:43:57,280 --> 00:43:59,680
Speaker 4: saw the tape of his first two games in the

808
00:43:59,680 --> 00:44:05,520
Speaker 4: Summer League. Seven foot five and agile and mobile and

809
00:44:05,560 --> 00:44:09,120
Speaker 4: the ability to shoot the three. Yeah, I mean I

810
00:44:09,200 --> 00:44:11,840
Speaker 4: look at this kid and I had great respect for

811
00:44:11,920 --> 00:44:15,880
Speaker 4: Greg Popovich approach to the Spurs, and it's curious that

812
00:44:16,320 --> 00:44:19,680
Speaker 4: Pop was going to retire after this season coming up. Yeah,

813
00:44:20,600 --> 00:44:21,839
Speaker 4: five year contracts.

814
00:44:22,160 --> 00:44:25,960
Speaker 1: Yeah. What I love is that they had seen, you know,

815
00:44:26,080 --> 00:44:29,880
Speaker 1: Victor woman Yama in the summer play the game, and

816
00:44:29,880 --> 00:44:32,560
Speaker 1: it's like, Okay, we've seen enough, We've seen all we

817
00:44:32,600 --> 00:44:35,520
Speaker 1: need to see with this young man, and they didn't

818
00:44:35,520 --> 00:44:38,160
Speaker 1: want to try to risk any more injury because they

819
00:44:38,200 --> 00:44:39,680
Speaker 1: want to see what the other guys can do.

820
00:44:40,760 --> 00:44:44,960
Speaker 4: Yeah, that's that's fair. Look, he played two games. Do

821
00:44:45,040 --> 00:44:49,680
Speaker 4: you get enough of a supply of information. Not really.

822
00:44:50,080 --> 00:44:52,319
Speaker 4: He did very little in game one, but he had

823
00:44:52,360 --> 00:44:55,600
Speaker 4: twenty seven points in game two. But consider the competition.

824
00:44:56,000 --> 00:44:58,799
Speaker 4: It's still summer League. He's not playing against the best

825
00:44:58,800 --> 00:45:02,080
Speaker 4: players in the game. I'm curious to see him. But

826
00:45:02,239 --> 00:45:04,479
Speaker 4: let's face it, the Spurs got the number one pick

827
00:45:04,840 --> 00:45:07,719
Speaker 4: for a reason. They weren't very good, so now they

828
00:45:07,760 --> 00:45:09,760
Speaker 4: get the number one ticket. It's not the first time.

829
00:45:10,160 --> 00:45:13,560
Speaker 4: And I could draw a parallel here. I was hired

830
00:45:13,880 --> 00:45:17,399
Speaker 4: to do the Boston Celtics games in the infamous Rick

831
00:45:17,480 --> 00:45:23,920
Speaker 4: Patino era, which was anything but. But Rick took the

832
00:45:24,040 --> 00:45:27,319
Speaker 4: job for two reasons. Number one, ten million dollars a year.

833
00:45:27,360 --> 00:45:31,239
Speaker 4: That's a good enough reason. Number two, the Celtics had

834
00:45:31,440 --> 00:45:35,680
Speaker 4: two lottery picks that year, and Tim Duncan was the prize.

835
00:45:36,040 --> 00:45:38,439
Speaker 4: He didn't get Tim Duncan. We ended up getting picks

836
00:45:38,560 --> 00:45:42,840
Speaker 4: number three and six, which turned out to be something

837
00:45:42,920 --> 00:45:45,960
Speaker 4: less than Tim Duncan. So they had David Robinson, they

838
00:45:45,960 --> 00:45:49,239
Speaker 4: had Tim Duncan. They've got a history of scoring big

839
00:45:49,760 --> 00:45:51,680
Speaker 4: with a number one pick in the draft, and I

840
00:45:51,719 --> 00:45:53,480
Speaker 4: don't think it's gonna be any different with this kid.

841
00:45:53,719 --> 00:45:55,800
Speaker 2: Well, Howard, you know, it is the summer, so it

842
00:45:56,200 --> 00:45:58,120
Speaker 2: is baseball season. You know, we are now past the

843
00:45:58,120 --> 00:45:59,640
Speaker 2: All Star break, which, by the way, in the National

844
00:45:59,719 --> 00:46:02,439
Speaker 2: League feeding the AL first time since twenty twelve. I mean,

845
00:46:02,560 --> 00:46:05,319
Speaker 2: that's that's not nothing. But you know, Howard, take me

846
00:46:05,360 --> 00:46:07,200
Speaker 2: through some of the rule changes we've just seen in

847
00:46:07,239 --> 00:46:10,120
Speaker 2: the majors. What are your thoughts on the game? You know,

848
00:46:10,160 --> 00:46:12,960
Speaker 2: no more shift, you know, bigger bases, shorter, you know,

849
00:46:13,480 --> 00:46:16,000
Speaker 2: short period between pitches. Is it good for the game?

850
00:46:17,320 --> 00:46:17,520
Speaker 6: Yeah?

851
00:46:17,520 --> 00:46:19,960
Speaker 4: See, I like the speeding up of the game. I

852
00:46:19,960 --> 00:46:22,800
Speaker 4: don't have any problem with that at all. The bigger bases,

853
00:46:23,040 --> 00:46:25,000
Speaker 4: I don't know what that is more than window dressing

854
00:46:26,480 --> 00:46:31,920
Speaker 4: these taking away the shift, okay, it so it becomes

855
00:46:31,960 --> 00:46:33,960
Speaker 4: more of a strategy for the managers and how you

856
00:46:34,000 --> 00:46:38,880
Speaker 4: position your players. I think Baseball with the with the

857
00:46:38,920 --> 00:46:42,200
Speaker 4: speeding up of the pitchers. I like it because, frankly,

858
00:46:43,560 --> 00:46:48,680
Speaker 4: I was falling to sleep, watch out and they got

859
00:46:48,719 --> 00:46:50,600
Speaker 4: to get off there behind and get the ball to

860
00:46:50,640 --> 00:46:51,359
Speaker 4: the player. Ready.

861
00:46:51,360 --> 00:46:54,800
Speaker 1: Come on, there's an old gag in the Simpsons where

862
00:46:55,080 --> 00:46:57,000
Speaker 1: is when they used to be back in that area,

863
00:46:57,120 --> 00:47:00,319
Speaker 1: is like, oh wait, a beach ball as God on

864
00:47:00,400 --> 00:47:04,040
Speaker 1: the field and oh hold on, they are trying to

865
00:47:04,160 --> 00:47:06,479
Speaker 1: people deciding who's gonna get I mean, this thing would

866
00:47:06,480 --> 00:47:09,400
Speaker 1: go on and on and on, and now the games

867
00:47:09,440 --> 00:47:12,480
Speaker 1: are going. It's basically almost the length of what an

868
00:47:12,600 --> 00:47:15,560
Speaker 1: NBA game is, which I always thought was the best

869
00:47:15,600 --> 00:47:20,120
Speaker 1: product for the younger generation because it's it's right there.

870
00:47:20,239 --> 00:47:21,960
Speaker 1: I mean, it's like I can see a game in

871
00:47:22,040 --> 00:47:25,600
Speaker 1: about two fifteen two and a half hours, get home

872
00:47:25,880 --> 00:47:26,600
Speaker 1: and go to bed.

873
00:47:27,880 --> 00:47:32,600
Speaker 4: I agree. I watch a lot of baseball. At the

874
00:47:32,680 --> 00:47:35,520
Speaker 4: risk of anybody listening, I'm a Braves fan, and that

875
00:47:35,560 --> 00:47:39,640
Speaker 4: has been for a long time because I'm old enough

876
00:47:39,640 --> 00:47:43,080
Speaker 4: to remember the Brooklyn Dodgers when they let Brooklyn I

877
00:47:43,120 --> 00:47:46,880
Speaker 4: was a little boy, but I vowed that I would

878
00:47:46,880 --> 00:47:49,480
Speaker 4: never root for the Dodgers to win a game, let

879
00:47:49,520 --> 00:47:52,600
Speaker 4: alone another pennant. So I root it for the Braids

880
00:47:52,640 --> 00:47:55,279
Speaker 4: because there was a guy from our neighborhood who was

881
00:47:55,280 --> 00:47:57,960
Speaker 4: playing for the then Milwaukee Braids, and his name is

882
00:47:58,040 --> 00:48:01,480
Speaker 4: Joe Tory. I knew Joe when I was a little kid,

883
00:48:02,080 --> 00:48:05,360
Speaker 4: when I was like fourteen. Joe was I think nineteen,

884
00:48:05,719 --> 00:48:07,920
Speaker 4: and he had just been signed by the Milwaukee Braves

885
00:48:08,160 --> 00:48:11,760
Speaker 4: and we played for the same organization at different age levels.

886
00:48:12,200 --> 00:48:14,680
Speaker 4: So I would see Joe every week and we got

887
00:48:15,400 --> 00:48:18,600
Speaker 4: I can't say we became friends because of our age difference,

888
00:48:19,000 --> 00:48:21,279
Speaker 4: but he knew me and I knew him, and I

889
00:48:21,320 --> 00:48:22,839
Speaker 4: went up to him one day and I said, Joe,

890
00:48:22,840 --> 00:48:24,759
Speaker 4: I said, I would love to pitch batting practice to

891
00:48:24,800 --> 00:48:27,719
Speaker 4: your team. He said why. I said, well, you guys

892
00:48:27,760 --> 00:48:29,680
Speaker 4: are older, you're better, and I want to get better.

893
00:48:29,719 --> 00:48:32,120
Speaker 4: And he says, you know what, I'm going to bring

894
00:48:32,160 --> 00:48:33,719
Speaker 4: you over to my manager. And he brought us over

895
00:48:33,760 --> 00:48:36,400
Speaker 4: to this guy named Jimmy mclroy was his manager with

896
00:48:36,440 --> 00:48:39,480
Speaker 4: the Brooklyn Cadets. And I told Jimmy what I want

897
00:48:39,520 --> 00:48:41,440
Speaker 4: to do. He said, you come here tomorrow night at

898
00:48:41,440 --> 00:48:45,280
Speaker 4: six o'clock, you can pitch batty practice to my team. Well,

899
00:48:46,000 --> 00:48:51,480
Speaker 4: you think I slept that night? I show up. I

900
00:48:51,520 --> 00:48:54,200
Speaker 4: show up Diamond number one of the paray Grands in Brooklyn,

901
00:48:54,520 --> 00:48:57,239
Speaker 4: which is one of the two fenced in diamonds, And

902
00:48:57,320 --> 00:48:59,239
Speaker 4: I show up and they're hit me all over the lot,

903
00:48:59,239 --> 00:49:01,759
Speaker 4: but I didn't care. Toy comes up, he has to

904
00:49:01,800 --> 00:49:04,799
Speaker 4: shout off me over the fence and left field, over

905
00:49:04,880 --> 00:49:09,120
Speaker 4: the driveway, and hit the police station on one hot

906
00:49:10,120 --> 00:49:14,279
Speaker 4: Now we fast forward a lot of years later and

907
00:49:14,400 --> 00:49:17,720
Speaker 4: I'm working at my first job in Princeton, New Jersey,

908
00:49:18,680 --> 00:49:23,160
Speaker 4: and I was hired to emc the Baby rieth Ley

909
00:49:23,280 --> 00:49:25,840
Speaker 4: banquetil ow one of the local teams, and Tory was

910
00:49:25,840 --> 00:49:28,360
Speaker 4: the manager of the Yankees at the time. He was

911
00:49:28,360 --> 00:49:31,920
Speaker 4: a guest speaker. So I get up to ladies and gentlemen,

912
00:49:32,040 --> 00:49:35,480
Speaker 4: Joe Tory, he gets up and I told the story

913
00:49:35,520 --> 00:49:41,320
Speaker 4: about pitching batting practice his team. Joe says, I remember Howard,

914
00:49:41,480 --> 00:49:44,880
Speaker 4: as I remember, there was this kid to pitch batting

915
00:49:44,960 --> 00:49:47,640
Speaker 4: practice to our team, and after we hit him all

916
00:49:47,640 --> 00:49:51,560
Speaker 4: over the place, now you know why he's a broadcast.

917
00:49:55,640 --> 00:49:56,640
Speaker 1: That's very good.

918
00:49:57,440 --> 00:49:59,239
Speaker 2: I'll tell you the Braves. I was just saying it.

919
00:49:59,400 --> 00:50:01,440
Speaker 2: We were just talking having this conversation offline, Howard the

920
00:50:01,480 --> 00:50:04,000
Speaker 2: Braves that infield, they are something this year. They are

921
00:50:04,000 --> 00:50:05,240
Speaker 2: to be reckoned with for sure.

922
00:50:06,040 --> 00:50:08,919
Speaker 4: Oh there's no doubt about it. They're having a phenomenal year.

923
00:50:09,200 --> 00:50:11,959
Speaker 4: And the key to them is it's not one guy,

924
00:50:12,000 --> 00:50:16,520
Speaker 4: it's not two guys, not just They've got seven guys amazing,

925
00:50:17,280 --> 00:50:20,920
Speaker 4: you know, three starting All Star players. Seven players had

926
00:50:20,920 --> 00:50:24,400
Speaker 4: at least fifteen home runs. Ronald Lacuna right now is

927
00:50:24,400 --> 00:50:28,200
Speaker 4: the favorite to win the MVP. Uh and their pitching

928
00:50:28,200 --> 00:50:31,360
Speaker 4: staff is a little suspect because they've had some injuries,

929
00:50:31,400 --> 00:50:35,760
Speaker 4: but they have overcome it by outscoring everybody, even thirty

930
00:50:35,760 --> 00:50:37,640
Speaker 4: two more home runs in any team in the league.

931
00:50:38,440 --> 00:50:40,200
Speaker 4: They're gonna they're gonna be tough to deal with. So

932
00:50:40,320 --> 00:50:43,960
Speaker 4: of the Dodgers, don't look past the Astros. The thing

933
00:50:44,000 --> 00:50:46,840
Speaker 4: that I'm I'm looking forward to to finding the answer

934
00:50:46,880 --> 00:50:52,640
Speaker 4: to is Otani, sensational player from the Angels from Japan.

935
00:50:52,840 --> 00:50:56,760
Speaker 4: He is a free agent after this year. The line's

936
00:50:56,800 --> 00:51:00,080
Speaker 4: around the block to sign this guy. Yeah he is.

937
00:51:00,120 --> 00:51:01,200
Speaker 4: He's unbelievable.

938
00:51:02,560 --> 00:51:05,080
Speaker 5: Yeah, it's going to be a very interesting offseason. Definitely

939
00:51:05,080 --> 00:51:07,200
Speaker 5: when everyone tries to go after him. Before we let

940
00:51:07,239 --> 00:51:09,799
Speaker 5: you go, Howard, I want to get your take on

941
00:51:09,800 --> 00:51:12,040
Speaker 5: one of the big stories, which you don't broadcast for

942
00:51:12,160 --> 00:51:14,319
Speaker 5: but is certainly big in the business of sports, and

943
00:51:14,360 --> 00:51:17,640
Speaker 5: that is PGA Tour versus Live Golf and the hearings

944
00:51:17,640 --> 00:51:21,759
Speaker 5: that we had in Congress earlier this week. What's your

945
00:51:21,800 --> 00:51:25,040
Speaker 5: take on how this is transpiring, because, if nothing else,

946
00:51:25,080 --> 00:51:28,160
Speaker 5: the hearing showed that the two sides didn't have a

947
00:51:28,160 --> 00:51:30,120
Speaker 5: lot of details hammered out. In fact, they were just

948
00:51:30,680 --> 00:51:34,120
Speaker 5: riffing off of a five page, you know, goals sheet

949
00:51:34,160 --> 00:51:37,000
Speaker 5: if anything. That kind of just said here's kind of

950
00:51:37,040 --> 00:51:39,120
Speaker 5: how we sketch things out to look, but we haven't

951
00:51:39,160 --> 00:51:41,600
Speaker 5: figured out how it's actually going to work.

952
00:51:42,840 --> 00:51:45,719
Speaker 4: I'm glad you brought it up, Scarlett, because it's been

953
00:51:46,160 --> 00:51:51,080
Speaker 4: it's been a moon. I mean, I hate, I hate

954
00:51:51,120 --> 00:51:54,720
Speaker 4: the whole idea of this competition because it's about money.

955
00:51:55,080 --> 00:51:59,560
Speaker 4: You understand that again. I had this conversation with Katas

956
00:52:00,120 --> 00:52:02,279
Speaker 4: a couple of weeks ago, and he and I are

957
00:52:02,280 --> 00:52:07,760
Speaker 4: on the same page. We all remember nine to eleven.

958
00:52:09,360 --> 00:52:13,440
Speaker 4: We all remember Casholey being murdered by Saudeast. We all

959
00:52:13,480 --> 00:52:17,680
Speaker 4: remember all these things, and yet we have players playing

960
00:52:18,640 --> 00:52:24,520
Speaker 4: in a society that has not exactly been the sweetheart

961
00:52:24,560 --> 00:52:28,520
Speaker 4: of the world. And yet we have players strictly for money,

962
00:52:29,160 --> 00:52:34,680
Speaker 4: signing contracts to play for this society. And it just

963
00:52:34,800 --> 00:52:37,719
Speaker 4: bothers me to no end. I think that Nicholson ought

964
00:52:37,760 --> 00:52:41,280
Speaker 4: to be ashamed of himself. Brooks kept should be ashamed

965
00:52:41,280 --> 00:52:45,879
Speaker 4: of himself. Greg Norman should be ashamed of himself. I mean,

966
00:52:45,920 --> 00:52:48,880
Speaker 4: Tiger Woods is not held back now he feels about it.

967
00:52:48,960 --> 00:52:52,560
Speaker 4: The same with Rory McElroy. I don't see the reason.

968
00:52:52,880 --> 00:52:56,120
Speaker 4: You go ahead, Jill Nicholson and go explain to that

969
00:52:56,239 --> 00:52:59,960
Speaker 4: family over there who lost their son in nine eleven,

970
00:53:00,280 --> 00:53:03,160
Speaker 4: and you explained to them how you're playing with this monkey.

971
00:53:03,480 --> 00:53:05,600
Speaker 4: Go ahead and explain. So I don't have the answers.

972
00:53:05,960 --> 00:53:08,600
Speaker 1: We're David. Thanks for joining us on the Bloomberg Business

973
00:53:08,640 --> 00:53:12,719
Speaker 1: of Sports. Get more from Howard on his podcast A

974
00:53:12,840 --> 00:53:16,440
Speaker 1: Bite of the Big Apple on Believe. This is the

975
00:53:16,440 --> 00:53:19,160
Speaker 1: Bloomberg Business of Sports show, and we're here each and

976
00:53:19,280 --> 00:53:22,600
Speaker 1: every week at the same time, plus online wherever you

977
00:53:22,640 --> 00:53:25,399
Speaker 1: get your podcast. I'm Michael Barr on Twitter at Picklar.

978
00:53:25,120 --> 00:53:27,360
Speaker 5: Sports, and I'm on Twitter at Scarlettfoo and.

979
00:53:27,480 --> 00:53:29,399
Speaker 2: You can get me on Twitter at d sas Hour.

980
00:53:29,640 --> 00:53:32,479
Speaker 1: Thank you for joining us. Tune in again next week

981
00:53:32,480 --> 00:53:35,360
Speaker 1: for the latest on the stories moving big old money

982
00:53:35,360 --> 00:53:39,080
Speaker 1: in the world of sports. You're listening to Bloomberg Business

983
00:53:39,120 --> 00:53:43,040
Speaker 1: of Sports from Bloomberg Radio around the world.