1
00:00:00,560 --> 00:00:02,720
Speaker 1: This is the Bloomberg Business of Sports show, where we

2
00:00:02,759 --> 00:00:05,040
Speaker 1: explore the big money issues in the world of sports.

3
00:00:05,160 --> 00:00:08,440
Speaker 1: I'm Scarlet Fill and I'm Damien Sass. Michael barr is off.

4
00:00:08,480 --> 00:00:11,480
Speaker 1: Today we are going to dive into some recent reporting

5
00:00:11,480 --> 00:00:14,640
Speaker 1: that finds eight IVY League schools in some hot water

6
00:00:14,760 --> 00:00:18,479
Speaker 1: over their longstanding ban on athletic scholarships. Yeah, a group

7
00:00:18,520 --> 00:00:21,680
Speaker 1: of current and former Brown University student athletes are filing

8
00:00:21,720 --> 00:00:25,079
Speaker 1: a class action suit saying that the band restrain competition

9
00:00:25,200 --> 00:00:29,800
Speaker 1: among schools and violates federal anti trust law. Bloomberg's Adriana

10
00:00:29,840 --> 00:00:32,320
Speaker 1: Loencron did the reporting on the story, and she joins

11
00:00:32,400 --> 00:00:36,080
Speaker 1: us now to discuss Adriana, Welcome to the Business of Sports. Thanks,

12
00:00:36,080 --> 00:00:39,240
Speaker 1: it's great to be here. So let's just go into

13
00:00:39,400 --> 00:00:42,760
Speaker 1: what this lawsuit says. Damien gave us the quick overview,

14
00:00:42,840 --> 00:00:46,840
Speaker 1: but tell us what the lawsuit overall alleges and where

15
00:00:46,840 --> 00:00:50,319
Speaker 1: it came from. Certainly certainly so. As you may know,

16
00:00:50,640 --> 00:00:53,320
Speaker 1: the status quo has long been that the IVY League

17
00:00:53,400 --> 00:00:57,320
Speaker 1: is the only Division one league to ban student athletes scholarships.

18
00:00:57,880 --> 00:01:00,720
Speaker 1: And so essentially, what this lawsuit is alleging is that

19
00:01:00,880 --> 00:01:05,320
Speaker 1: this practice is actually an act of price fixing. And

20
00:01:05,360 --> 00:01:07,520
Speaker 1: I think what's important to note here is that this

21
00:01:07,640 --> 00:01:11,640
Speaker 1: lawsuit isn't necessarily unexpected in that the IVY League has

22
00:01:11,640 --> 00:01:14,920
Speaker 1: had a congressional exemption from this anti chess law over

23
00:01:14,920 --> 00:01:18,880
Speaker 1: which the two students are filing since nineteen ninety four,

24
00:01:18,920 --> 00:01:23,720
Speaker 1: which is essentially allowing these universities to have an exception

25
00:01:24,160 --> 00:01:29,440
Speaker 1: which will you know, essentially enact this band banning these scholarships.

26
00:01:29,480 --> 00:01:33,760
Speaker 1: But that exemption was actually expired in September of twenty

27
00:01:33,800 --> 00:01:37,600
Speaker 1: twenty two, kind of opening the door for lawsuits just

28
00:01:37,760 --> 00:01:41,479
Speaker 1: like this, so Hadriana, I mean, just for our audience. Also,

29
00:01:41,520 --> 00:01:43,000
Speaker 1: I mean, it seems like there are three hundred and

30
00:01:43,080 --> 00:01:47,200
Speaker 1: fifty universities Division one institutions, so to speak, and the

31
00:01:47,319 --> 00:01:50,600
Speaker 1: IVY League, to be clear, is the only collection of

32
00:01:50,600 --> 00:01:54,080
Speaker 1: institutions that do not provide scholarships for student athletes. Is

33
00:01:54,120 --> 00:01:56,720
Speaker 1: that correct? That is correct? Yeah? Okay, So then my

34
00:01:56,840 --> 00:01:59,120
Speaker 1: question is this, And you mentioned price fixing, which is

35
00:01:59,120 --> 00:02:01,160
Speaker 1: interesting because you know that the IVY League and other

36
00:02:01,200 --> 00:02:03,640
Speaker 1: elites were similarly sued last year for price fixing when

37
00:02:03,680 --> 00:02:06,040
Speaker 1: it comes to financial aid packages. But this is different, right,

38
00:02:06,080 --> 00:02:08,640
Speaker 1: because it seems to me that this suit is sort

39
00:02:08,680 --> 00:02:12,400
Speaker 1: of piggybacking on the Supreme Courts twenty twenty one decision

40
00:02:12,400 --> 00:02:15,600
Speaker 1: which struck down which which created nil effectively right education

41
00:02:15,639 --> 00:02:18,359
Speaker 1: related compensation for student athletes. So talk to us about

42
00:02:18,400 --> 00:02:21,760
Speaker 1: how similar this process is and what the court system

43
00:02:21,919 --> 00:02:23,359
Speaker 1: is going to view it as, I mean, is this

44
00:02:23,639 --> 00:02:27,680
Speaker 1: sort of nil smokescreen type of stuff going on? Yeah? Right, Well,

45
00:02:27,720 --> 00:02:32,079
Speaker 1: definitely the Supreme Court case ruling will help out these

46
00:02:32,120 --> 00:02:35,920
Speaker 1: plaintiffs in this case. And the suit actually very clearly

47
00:02:35,960 --> 00:02:38,600
Speaker 1: says that the Ivy League stands on student athlete pays

48
00:02:38,639 --> 00:02:41,360
Speaker 1: inconsistent with that ruling. And just to be clear, what

49
00:02:41,400 --> 00:02:47,040
Speaker 1: that ruling did was essentially say that the NCAA's restructions

50
00:02:47,040 --> 00:02:51,200
Speaker 1: on education related compensation for student athletes was in violation

51
00:02:51,600 --> 00:02:55,800
Speaker 1: of law. So so essentially what these students are looking

52
00:02:55,840 --> 00:03:03,000
Speaker 1: to make the case here is that what these Ivy

53
00:03:03,040 --> 00:03:08,120
Speaker 1: League universities are doing, um, it is not is not

54
00:03:08,160 --> 00:03:11,119
Speaker 1: allowed and it is not there. It's no different than

55
00:03:11,160 --> 00:03:13,560
Speaker 1: what the NCAA was trying to do with all of

56
00:03:13,600 --> 00:03:17,959
Speaker 1: these colleges. And so essentially, since the NCAA UM the

57
00:03:18,280 --> 00:03:20,519
Speaker 1: ruling of the Supreme Court case was that the NCAA

58
00:03:20,720 --> 00:03:24,079
Speaker 1: was no longer allowed to ban uh, you know, these

59
00:03:24,120 --> 00:03:27,560
Speaker 1: scholarships that the IVY League should have no exception. Again

60
00:03:27,720 --> 00:03:32,399
Speaker 1: now that that uh, the exception from nineteen ninety four

61
00:03:32,639 --> 00:03:36,600
Speaker 1: expired last year. So so Hadriana, I just have to

62
00:03:36,600 --> 00:03:39,360
Speaker 1: ask you point blank, do you think that this case

63
00:03:39,440 --> 00:03:42,640
Speaker 1: has merit that the ivys should be forced to provide

64
00:03:42,680 --> 00:03:46,160
Speaker 1: scholarships to student athletes? Well, I think that you know,

65
00:03:46,200 --> 00:03:49,360
Speaker 1: what the IVY League is saying in their defense is

66
00:03:49,400 --> 00:03:52,760
Speaker 1: that the student athletes, you know, should be treated the

67
00:03:52,760 --> 00:03:54,920
Speaker 1: same as non student athletes, and that both groups are

68
00:03:55,040 --> 00:04:00,160
Speaker 1: entitled to receive need based financial aid. Um. But know

69
00:04:00,200 --> 00:04:03,280
Speaker 1: what the Supreme Court case said was that all of

70
00:04:03,320 --> 00:04:07,840
Speaker 1: these universities who have who are participating in NCAA, right,

71
00:04:07,840 --> 00:04:11,160
Speaker 1: you have sports programs, right, the suld be paying these athletes.

72
00:04:11,200 --> 00:04:13,640
Speaker 1: I hear you exactly. And so you know, they were

73
00:04:13,720 --> 00:04:18,360
Speaker 1: kind of uh you know, they had shelter under this

74
00:04:18,800 --> 00:04:22,760
Speaker 1: congressional exemption. But I mean, now that there is no exemption,

75
00:04:22,880 --> 00:04:25,520
Speaker 1: it seems to me that there definitely is merit. And

76
00:04:25,560 --> 00:04:27,120
Speaker 1: of course, you know, when we're looking at how this

77
00:04:27,279 --> 00:04:31,160
Speaker 1: impact the schools and the student athletes, um, it could

78
00:04:31,200 --> 00:04:33,680
Speaker 1: actually be beneficial for the schools. I mean, well, ay,

79
00:04:33,680 --> 00:04:35,599
Speaker 1: we know that the universities make a lot of money

80
00:04:35,800 --> 00:04:38,159
Speaker 1: off of these student athletes, right. The suits sites about

81
00:04:38,160 --> 00:04:41,120
Speaker 1: six hundred and twenty five million dollars that the NCUBA

82
00:04:41,360 --> 00:04:43,560
Speaker 1: brought Division One schools, most of which comes from the

83
00:04:43,600 --> 00:04:47,400
Speaker 1: annual March Madness basketball tournament that we're starting up very soon.

84
00:04:48,600 --> 00:04:51,159
Speaker 1: And and you know, I think that it could even

85
00:04:51,240 --> 00:04:54,320
Speaker 1: help attract more athletes who maybe want to attend these

86
00:04:54,320 --> 00:04:57,599
Speaker 1: prestidious universities but can't afford the sticker prices, you know,

87
00:04:57,640 --> 00:05:00,880
Speaker 1: forcing them to pursue the rest fun ex elsewhere. So

88
00:05:00,920 --> 00:05:05,680
Speaker 1: I think, you know, it could work out in their favor. So, Heydriana,

89
00:05:05,760 --> 00:05:08,440
Speaker 1: you went to UPenn? Is that right? I did? Yeah? Okay,

90
00:05:08,560 --> 00:05:11,680
Speaker 1: how did you see a lot of student athletes at Penn? Yes?

91
00:05:11,800 --> 00:05:14,600
Speaker 1: I did? And did you get a sense of how

92
00:05:14,640 --> 00:05:17,440
Speaker 1: they got there? Because I'm a parent of a child

93
00:05:17,520 --> 00:05:20,400
Speaker 1: who applied to college recently, Damien is in the same boat.

94
00:05:20,480 --> 00:05:26,039
Speaker 1: And what surprised me is how often student athletes get

95
00:05:26,080 --> 00:05:29,680
Speaker 1: commitments from Ivy League schools in their junior year and

96
00:05:29,839 --> 00:05:33,760
Speaker 1: they wait until the early decision announcements come out in

97
00:05:33,880 --> 00:05:37,119
Speaker 1: say December of their senior year, and they're in so

98
00:05:37,160 --> 00:05:40,440
Speaker 1: a lot of the early decision admissions is reserved for

99
00:05:40,480 --> 00:05:43,240
Speaker 1: student athletes. And we talk about how they're over three

100
00:05:43,279 --> 00:05:47,680
Speaker 1: hundred and fifty colleges and universities that participate in DIVWE athletics,

101
00:05:47,720 --> 00:05:49,560
Speaker 1: but there are only eight IVY League schools, and those

102
00:05:49,560 --> 00:05:51,400
Speaker 1: IVY League schools know that they are sitting in a

103
00:05:51,400 --> 00:05:54,080
Speaker 1: great position because ultimately everyone wants to go to them.

104
00:05:54,120 --> 00:05:56,720
Speaker 1: There's more demand than there are spaces, so they can

105
00:05:56,760 --> 00:06:00,760
Speaker 1: pick and choose, and their gift so or I'm totally

106
00:06:01,640 --> 00:06:04,839
Speaker 1: speculating and putting myself out there and saying that their

107
00:06:04,839 --> 00:06:06,600
Speaker 1: gift is thinking, you know what, we're going to give

108
00:06:06,640 --> 00:06:08,480
Speaker 1: you the possibility we're going to give you a Harvard,

109
00:06:08,480 --> 00:06:11,719
Speaker 1: We're gonna give I mean, that's that's that's effectively what

110
00:06:11,800 --> 00:06:14,160
Speaker 1: you have to decide, right, if I'm not mistaking, I mean, Adriana,

111
00:06:14,240 --> 00:06:16,240
Speaker 1: I mean, what is the value place in a Harvard

112
00:06:16,360 --> 00:06:19,080
Speaker 1: versus a South Dakota State you know degree? Right, I mean,

113
00:06:19,120 --> 00:06:21,400
Speaker 1: that's really what we're talking about. One it is I

114
00:06:21,400 --> 00:06:24,760
Speaker 1: think the slucis are okay, so I guess you get

115
00:06:24,760 --> 00:06:27,280
Speaker 1: my point here. It's just fascinating that nil and what

116
00:06:27,360 --> 00:06:30,000
Speaker 1: the Supreme Court you know, uh, you know decided upon.

117
00:06:30,120 --> 00:06:34,040
Speaker 1: How that's kind of impacting, you know, the very financial

118
00:06:34,080 --> 00:06:37,080
Speaker 1: aid packages that you know are best and brightest they're

119
00:06:37,120 --> 00:06:39,240
Speaker 1: getting or not getting. It's just it's it's just an

120
00:06:39,279 --> 00:06:42,680
Speaker 1: amazing it's it's amazing that this case even has merit. Definitely.

121
00:06:42,760 --> 00:06:44,400
Speaker 1: I mean, I think it's important to note, of course,

122
00:06:44,400 --> 00:06:46,839
Speaker 1: when you're looking at these IV League universities who're looking

123
00:06:46,839 --> 00:06:48,880
Speaker 1: at the caliber of sports, right, I mean, if you're

124
00:06:48,960 --> 00:06:52,159
Speaker 1: if you're uh setting some type of limit right of

125
00:06:52,320 --> 00:06:54,200
Speaker 1: you know, how much a student has to pay, I mean,

126
00:06:54,240 --> 00:06:57,200
Speaker 1: you're essentially barring you know, you know, potential talent, right,

127
00:06:57,440 --> 00:06:59,080
Speaker 1: And I think that kind of seeks for itself when

128
00:06:59,080 --> 00:07:01,320
Speaker 1: we're looking at the you know, the caliber of sports.

129
00:07:01,360 --> 00:07:03,599
Speaker 1: And so I guess i'm as you're saying. You know,

130
00:07:03,640 --> 00:07:06,320
Speaker 1: when students, young students are trying to figure out which

131
00:07:06,320 --> 00:07:08,120
Speaker 1: schools to go to, whether they care more about their

132
00:07:08,120 --> 00:07:10,640
Speaker 1: sports or they care more about their education. You know,

133
00:07:10,760 --> 00:07:13,080
Speaker 1: if if there were scholarships, maybe they wouldn't have to

134
00:07:13,120 --> 00:07:15,040
Speaker 1: make that sacrifice, right, that they wouldn't have to make

135
00:07:15,040 --> 00:07:18,200
Speaker 1: that decision to make it get both. So again, I

136
00:07:18,280 --> 00:07:20,280
Speaker 1: mean I think that there's there's a real impacture that

137
00:07:20,280 --> 00:07:22,560
Speaker 1: could come out of this case. I mean, at the

138
00:07:22,640 --> 00:07:24,600
Speaker 1: end of the day, the Ivy League schools are probably thinking,

139
00:07:24,720 --> 00:07:27,160
Speaker 1: we don't give athletic scholarships because we don't have to, right,

140
00:07:27,560 --> 00:07:29,360
Speaker 1: So that's that's all it comes down to. There's enough

141
00:07:29,360 --> 00:07:31,480
Speaker 1: people who want to join us. So what's amazing is

142
00:07:31,520 --> 00:07:33,960
Speaker 1: the US government might actually very well force them too,

143
00:07:34,080 --> 00:07:36,440
Speaker 1: which is just unbelievable to me. Can you imagine like

144
00:07:36,520 --> 00:07:39,520
Speaker 1: having to I mean they're going to literally force an

145
00:07:39,560 --> 00:07:42,280
Speaker 1: institution of higher education to actually give scholarship. It's just

146
00:07:42,320 --> 00:07:45,240
Speaker 1: amazing to may Well anyway, and winding road before we

147
00:07:45,280 --> 00:07:50,880
Speaker 1: get real it is correct, Hedriana, you wrote another great

148
00:07:50,960 --> 00:07:54,120
Speaker 1: article about billionaire Steve Ross, you know, and you know

149
00:07:54,200 --> 00:07:56,240
Speaker 1: what is going on with him and FIFA. You know

150
00:07:56,360 --> 00:07:59,120
Speaker 1: Ross's Relevant Sports Group. Um. You know, I think a

151
00:07:59,280 --> 00:08:01,520
Speaker 1: recent ruling was overturned against the firm. I wonder if

152
00:08:01,520 --> 00:08:03,040
Speaker 1: you could just you know, talk to us a little

153
00:08:03,040 --> 00:08:05,440
Speaker 1: bit about what's going on there. Sure, yeah, I mean

154
00:08:05,480 --> 00:08:08,120
Speaker 1: it's it's been a sports antitrust law kind of sea,

155
00:08:08,280 --> 00:08:11,160
Speaker 1: I guess. Um So, as I mentioned, you know, Steve

156
00:08:11,240 --> 00:08:14,600
Speaker 1: Ross owns Relevant Sports Group as well as um, you know,

157
00:08:14,720 --> 00:08:18,040
Speaker 1: entrepreneur and so other ways, so many other ways cycles

158
00:08:18,320 --> 00:08:22,840
Speaker 1: Miami Dolphins. Yeah, no, the Miami Dolphins yet kidding he

159
00:08:22,840 --> 00:08:26,440
Speaker 1: doesn't really own University of Michigan. He just okay, careful there, Damian,

160
00:08:26,600 --> 00:08:30,400
Speaker 1: I'm just kidding. UM. So he has long worked to

161
00:08:30,440 --> 00:08:36,319
Speaker 1: increase access and prospitability in the US soccer industry. UM.

162
00:08:36,360 --> 00:08:39,760
Speaker 1: And I think that what's important about this particular case, right,

163
00:08:39,800 --> 00:08:43,640
Speaker 1: and it came out of multiple attempts on relevant sports

164
00:08:43,640 --> 00:08:50,040
Speaker 1: behalf to essentially set up games, um, but between foreign teams,

165
00:08:50,080 --> 00:08:52,200
Speaker 1: but that would be on US soil, you know, thinking oh,

166
00:08:52,240 --> 00:08:54,880
Speaker 1: we'd get more of an audience this way. UM. And

167
00:08:55,040 --> 00:08:58,240
Speaker 1: essentially what the original ruling was at or sorry, and

168
00:08:58,480 --> 00:09:04,000
Speaker 1: the lawsuit alleged that there was a policy FIFA and

169
00:09:04,120 --> 00:09:09,360
Speaker 1: US Soccer Federation policy UM that prohibited that UM. And

170
00:09:09,440 --> 00:09:14,600
Speaker 1: so what this lawsuit was alleging was that that policy UM,

171
00:09:14,760 --> 00:09:17,120
Speaker 1: you know, violates anti trust law and is known as

172
00:09:17,360 --> 00:09:20,800
Speaker 1: it's an anti competitive policy essentially that restricts access to

173
00:09:20,800 --> 00:09:23,240
Speaker 1: the game. And he's trying to increase access to the game.

174
00:09:23,679 --> 00:09:27,040
Speaker 1: So that was where the lawsuits kind of stemmed from. UM.

175
00:09:27,320 --> 00:09:30,199
Speaker 1: And originally district court you know, found that he had

176
00:09:30,200 --> 00:09:34,319
Speaker 1: failed to allege that there was some kind of conspiracy

177
00:09:34,360 --> 00:09:37,439
Speaker 1: going on between you know, FIFA and the US soccer um.

178
00:09:38,320 --> 00:09:40,720
Speaker 1: But you know what, what was exciting, you know, and

179
00:09:40,800 --> 00:09:44,079
Speaker 1: a win to Ross this week was that a federal

180
00:09:44,080 --> 00:09:46,800
Speaker 1: appeals court overturned that ruling. So essentially, you know, there

181
00:09:46,920 --> 00:09:49,760
Speaker 1: is hope for Ross to maybe one day arrange for

182
00:09:50,040 --> 00:09:51,800
Speaker 1: you know, the US to host these foreign games and

183
00:09:52,120 --> 00:09:55,920
Speaker 1: bring more profitability, bring more access, bring more attention to

184
00:09:55,920 --> 00:09:58,080
Speaker 1: the support. So effectively, what we're talking about some of

185
00:09:58,120 --> 00:10:00,640
Speaker 1: the way the NFL has games in one in or

186
00:10:00,679 --> 00:10:03,880
Speaker 1: in Germany or wherever, you know, Mexico. That's all we're

187
00:10:03,880 --> 00:10:07,280
Speaker 1: talking about is FIFA matches being held on US soil.

188
00:10:07,360 --> 00:10:10,959
Speaker 1: Is that is that correct? Yes? So, so I guess

189
00:10:11,000 --> 00:10:14,240
Speaker 1: the first question I have is how much money could

190
00:10:14,240 --> 00:10:18,040
Speaker 1: that possibly be costing? You know, I guess Stephen Ross

191
00:10:18,080 --> 00:10:20,160
Speaker 1: and his and his company and relevant. First of all,

192
00:10:20,200 --> 00:10:21,920
Speaker 1: I guess I don't know if you even have a

193
00:10:22,240 --> 00:10:24,160
Speaker 1: you know, an idea of that, but you know, I

194
00:10:24,160 --> 00:10:26,600
Speaker 1: can't imagine it's it's that much, right, And then and

195
00:10:26,600 --> 00:10:28,400
Speaker 1: then the second question I have is, you know, just

196
00:10:28,520 --> 00:10:32,880
Speaker 1: you know, as it relates to um, you know, international

197
00:10:32,920 --> 00:10:34,960
Speaker 1: soccer and coming to the US. I mean, how do

198
00:10:35,000 --> 00:10:38,560
Speaker 1: you prove a horizontal conspiracy even exists, you know what

199
00:10:38,600 --> 00:10:40,440
Speaker 1: I mean? I guess that was the whole you know,

200
00:10:40,559 --> 00:10:43,360
Speaker 1: overturning of this, that they that they they failed to

201
00:10:43,400 --> 00:10:45,960
Speaker 1: allege the conspiracy exists, but now they're overturning it, meaning

202
00:10:46,000 --> 00:10:48,400
Speaker 1: they have more evidence than a conspiracy. I'm just curious

203
00:10:48,400 --> 00:10:50,520
Speaker 1: what that all means, right, I mean, I think, what

204
00:10:50,880 --> 00:10:55,520
Speaker 1: what what the courts we're looking at here is this

205
00:10:56,120 --> 00:11:01,280
Speaker 1: UM policy from twenty eighteen, essentially, as I had mentioned before,

206
00:11:01,760 --> 00:11:07,720
Speaker 1: UM not allowing for the playing of of these games

207
00:11:07,760 --> 00:11:11,400
Speaker 1: between foreign teams on US soil. And the allegation was

208
00:11:11,480 --> 00:11:18,400
Speaker 1: that that particular UM, that that particular policy was you know,

209
00:11:18,440 --> 00:11:21,960
Speaker 1: anti competitive, dividing the geographic markets and restricting askars to

210
00:11:21,960 --> 00:11:25,120
Speaker 1: the game. And you know, what's important to note here

211
00:11:25,520 --> 00:11:30,840
Speaker 1: is that the the that first you know, court that

212
00:11:30,920 --> 00:11:34,319
Speaker 1: alleged that he failed to UM to find that you know,

213
00:11:34,360 --> 00:11:38,920
Speaker 1: quote unquote horizontal conspiracy UM. The ruling was that there

214
00:11:39,000 --> 00:11:41,920
Speaker 1: was not an agreement to agree, you know, to make

215
00:11:41,960 --> 00:11:47,480
Speaker 1: this policy with any kind of you know, malintent in

216
00:11:47,520 --> 00:11:51,319
Speaker 1: a sense. But what the the court now is finding

217
00:11:51,400 --> 00:11:56,160
Speaker 1: was that it is plausible that this UM, this particular

218
00:11:56,240 --> 00:11:58,600
Speaker 1: policy as anti competitive so I guess focusing less on

219
00:11:58,679 --> 00:12:02,319
Speaker 1: this conspiracy theory more more looking at the policy in itself.

220
00:12:02,440 --> 00:12:05,360
Speaker 1: So he drowned. The other thing about Steve Ross is

221
00:12:05,360 --> 00:12:09,520
Speaker 1: that he's also in the news and there's some legal

222
00:12:09,559 --> 00:12:13,080
Speaker 1: headwinds that he's facing because of his Miami Dolphins. Put

223
00:12:13,080 --> 00:12:16,640
Speaker 1: those together. What's the linkage there, right? I mean, you know,

224
00:12:17,160 --> 00:12:19,560
Speaker 1: it could be as simple as at least we have

225
00:12:19,640 --> 00:12:23,200
Speaker 1: this one win in the sense that you know, as

226
00:12:23,200 --> 00:12:26,360
Speaker 1: you pointed out, the Miami Dolphins has been innovative heat

227
00:12:27,000 --> 00:12:31,839
Speaker 1: he has not he himself, but the Dolphins have been

228
00:12:31,920 --> 00:12:36,160
Speaker 1: named in a pretty big racial discrimination case by former

229
00:12:36,200 --> 00:12:40,319
Speaker 1: Dolphins head coach Brian Flores, and that has really been

230
00:12:40,400 --> 00:12:44,400
Speaker 1: kind of running through the NFL scene, impacting of course

231
00:12:44,480 --> 00:12:48,480
Speaker 1: the New York Giants as well. And so you know,

232
00:12:48,559 --> 00:12:52,280
Speaker 1: with a lot of kind of press attention going to

233
00:12:52,360 --> 00:12:54,880
Speaker 1: the NFL, right, we just had the Super Bowl, that's

234
00:12:54,920 --> 00:12:57,440
Speaker 1: kind of on everyone's minds. I mean, I think that

235
00:12:57,960 --> 00:13:00,840
Speaker 1: you know, for Ross and trying and having this win

236
00:13:00,920 --> 00:13:03,320
Speaker 1: in the in the soccer industry, which also you know

237
00:13:03,360 --> 00:13:05,560
Speaker 1: has has a lot of viewers, a lot of international viewers,

238
00:13:05,600 --> 00:13:07,440
Speaker 1: and I think again, as I said before, you know,

239
00:13:07,520 --> 00:13:11,400
Speaker 1: he's really trying to bring more you know, US attension,

240
00:13:11,440 --> 00:13:15,400
Speaker 1: in US focus. So I think that, you know, it

241
00:13:15,720 --> 00:13:17,880
Speaker 1: is a great agreement for him. And of course, you know,

242
00:13:17,920 --> 00:13:20,520
Speaker 1: with litigation like this, it does take a very long time,

243
00:13:20,559 --> 00:13:24,679
Speaker 1: both with this Florest case and with um this this

244
00:13:24,800 --> 00:13:27,040
Speaker 1: soccer case. So it's it's a waiting game. It's it's

245
00:13:27,080 --> 00:13:29,640
Speaker 1: definitely a long game. But you know it could be

246
00:13:29,679 --> 00:13:31,440
Speaker 1: good news. Well, you know, we'll see what happens. So

247
00:13:31,480 --> 00:13:34,000
Speaker 1: Hadrian I guess and Scarlett correct me if I'm wrong here.

248
00:13:34,040 --> 00:13:36,640
Speaker 1: I gotta believe that the court system is looking at

249
00:13:36,679 --> 00:13:39,800
Speaker 1: a lot of the recent violations that have hit regarding

250
00:13:39,800 --> 00:13:43,880
Speaker 1: FIFA and set Bladder and the the World Cups in

251
00:13:44,000 --> 00:13:47,360
Speaker 1: Russia and Cutter and how they were rewarded and vote

252
00:13:47,440 --> 00:13:49,400
Speaker 1: rigging and scandals and all this kind of stuff, and

253
00:13:49,400 --> 00:13:51,480
Speaker 1: I gotta believe in they are. It's out there, right,

254
00:13:51,520 --> 00:13:54,160
Speaker 1: So I gotta believe that's in some way, shape or form.

255
00:13:54,160 --> 00:13:55,880
Speaker 1: You know, some of that stuff kind of filtered into

256
00:13:55,880 --> 00:13:58,480
Speaker 1: the decisions for here or colors. You're thinking maybe, but

257
00:13:58,720 --> 00:14:01,280
Speaker 1: I don't know that they can necessary cited as a president.

258
00:14:01,920 --> 00:14:05,480
Speaker 1: I don't know. It's definitely something out there though, Hadrianna

259
00:14:05,559 --> 00:14:08,880
Speaker 1: really appreciate your joining us. Adriana Loencron is a Bloomberg

260
00:14:08,920 --> 00:14:11,760
Speaker 1: News reporter. She is a reporter on the legal team

261
00:14:12,080 --> 00:14:15,480
Speaker 1: talking to us about the lawsuit against the Ivy League

262
00:14:15,600 --> 00:14:19,360
Speaker 1: over athletic scholarships and their ban over these athletics scholarships,

263
00:14:19,400 --> 00:14:22,280
Speaker 1: and also billionaire Steve Ross getting a second shot at

264
00:14:22,800 --> 00:14:26,640
Speaker 1: his soccer ambitions marketing foreign soccer teams or sorry, global

265
00:14:26,680 --> 00:14:29,840
Speaker 1: football teams regular season matches in the US. For those

266
00:14:30,360 --> 00:14:33,680
Speaker 1: soccer fans or global football fans out there, Hadrianna really

267
00:14:33,680 --> 00:14:36,240
Speaker 1: appreciate it. This is the Bloomberg Business of Sports show.

268
00:14:36,280 --> 00:14:38,680
Speaker 1: I'm Scarlett Fool along with Damian Zasaur. Be sure to

269
00:14:38,720 --> 00:14:41,600
Speaker 1: catch us each and every Monday, Wednesday and Thursday where

270
00:14:41,600 --> 00:14:44,440
Speaker 1: we explore the world of money and sports. Also follow

271
00:14:44,520 --> 00:14:46,880
Speaker 1: us on Twitter. I'm at Scarlett Fool and I'm at

272
00:14:46,920 --> 00:14:49,680
Speaker 1: de sast Hour. You're listening to Bloomberg Business of Sports

273
00:14:49,680 --> 00:14:51,480
Speaker 1: from Bloomberg Radio around the world.