1 00:00:00,800 --> 00:00:03,120 Speaker 1: This is the Bloomberg Business of Sports show. We'll we 2 00:00:03,160 --> 00:00:05,200 Speaker 1: explore the big money issues in the world of sports 3 00:00:05,200 --> 00:00:09,120 Speaker 1: on Michael Barr, along with mccauleague, Scarlett Fou and Damian Sasaur. 4 00:00:09,480 --> 00:00:12,080 Speaker 1: Coming up on the show, we check in with Martin Adnell. 5 00:00:12,520 --> 00:00:15,720 Speaker 1: He's Gulston and Store's sports law practice co chair and 6 00:00:15,800 --> 00:00:19,840 Speaker 1: adjunct law professor at Columbia University. We'll get his thoughts 7 00:00:19,880 --> 00:00:23,520 Speaker 1: on some of the latest legal headlines in sports, including 8 00:00:23,640 --> 00:00:26,080 Speaker 1: Jim Harbaugh's signs stealing scandal. 9 00:00:26,560 --> 00:00:30,120 Speaker 2: The fact that other teams may be stealing signed is not, 10 00:00:30,760 --> 00:00:33,159 Speaker 2: at least at law should not be a defense to it, 11 00:00:33,680 --> 00:00:37,839 Speaker 2: but it captures public opinion. If everybody's doing it, why 12 00:00:38,600 --> 00:00:39,800 Speaker 2: single out Michigan. 13 00:00:39,920 --> 00:00:44,720 Speaker 1: Plus, I am super su pe r excited about this one. 14 00:00:44,880 --> 00:00:48,680 Speaker 1: With the Detroit Lions riding high this season, we'll hear 15 00:00:48,880 --> 00:00:52,879 Speaker 1: from NFL Hall of Famer Barry Sanders. He'll talk with 16 00:00:52,960 --> 00:00:56,240 Speaker 1: us about his new documentary and a little bit about 17 00:00:56,280 --> 00:00:57,320 Speaker 1: this year's Lions. 18 00:00:57,560 --> 00:01:01,000 Speaker 3: Whenever they hire sold Campbell came in with a plan, 19 00:01:01,080 --> 00:01:04,560 Speaker 3: with a vision. You know he's to it, you know, 20 00:01:04,600 --> 00:01:08,440 Speaker 3: he and Brad Holmes, Sheeta Ford, Chris Filman. I mean 21 00:01:08,480 --> 00:01:11,240 Speaker 3: they've known from day one the kind of player they 22 00:01:11,240 --> 00:01:14,360 Speaker 3: want to have in the building, you know, and we've 23 00:01:14,400 --> 00:01:18,119 Speaker 3: seen every year this team takes strides and this all 24 00:01:18,160 --> 00:01:19,440 Speaker 3: sort of coming together this year. 25 00:01:20,080 --> 00:01:22,680 Speaker 1: All that is straight ahead on the Bloomberg Business of Sports. 26 00:01:22,680 --> 00:01:25,920 Speaker 1: But first, the Oakland A's are another step closer to 27 00:01:26,000 --> 00:01:29,720 Speaker 1: moving to Las Vegas. MLB owners voted unanimously in favor 28 00:01:29,760 --> 00:01:32,520 Speaker 1: to allow the athletics to move. To take us through 29 00:01:32,560 --> 00:01:35,440 Speaker 1: how we got here and what's next in the A's 30 00:01:35,560 --> 00:01:39,360 Speaker 1: quest for a new home, we welcome Bloomberg News Municipal 31 00:01:39,440 --> 00:01:43,959 Speaker 1: Finance team leader Danielle Moran. Danielle, Welcome to the Bloomberg 32 00:01:44,000 --> 00:01:44,920 Speaker 1: Business of Sports. 33 00:01:45,120 --> 00:01:46,400 Speaker 4: Hi, guys, I'm happy to be here. 34 00:01:46,800 --> 00:01:49,520 Speaker 1: Well, let's start from the beginning. This is going to 35 00:01:49,600 --> 00:01:53,040 Speaker 1: happen now because all the owners signed off on this 36 00:01:53,160 --> 00:01:56,480 Speaker 1: said okay, well you guys can go ahead to Vegas, 37 00:01:57,000 --> 00:02:00,440 Speaker 1: and I'm sure Vegas is happy and I'm sure unfortunately 38 00:02:00,520 --> 00:02:01,360 Speaker 1: Oakland is not. 39 00:02:01,680 --> 00:02:05,360 Speaker 4: Yes, and the unanimous vote the MLB owners approved the 40 00:02:05,400 --> 00:02:09,720 Speaker 4: Oakland A's move to Las Vegas. So it is the 41 00:02:09,760 --> 00:02:12,200 Speaker 4: next big step in that relocation. 42 00:02:12,560 --> 00:02:14,920 Speaker 5: And of course part of the relocation, part of what 43 00:02:15,120 --> 00:02:20,799 Speaker 5: prompted all this is where the A's play. The stadium 44 00:02:20,800 --> 00:02:24,400 Speaker 5: that the A's played in in Oakland was to be polite, 45 00:02:24,520 --> 00:02:26,960 Speaker 5: left something to be desired. It was old, there was 46 00:02:27,200 --> 00:02:30,000 Speaker 5: some people might say decrepit, and the A's were angling 47 00:02:30,080 --> 00:02:34,160 Speaker 5: for a new stadium and there was difficulty with that. 48 00:02:34,600 --> 00:02:36,360 Speaker 5: Can you tell us a little bit more about what 49 00:02:36,560 --> 00:02:39,680 Speaker 5: Las Vegas, what Nevada has agreed to to provide the team. 50 00:02:39,840 --> 00:02:42,160 Speaker 4: The ballpark is really all it comes down to here. 51 00:02:42,600 --> 00:02:44,919 Speaker 4: So the A's have been angling for a new ballpark 52 00:02:45,040 --> 00:02:48,880 Speaker 4: for decades. They've tried to do it in Oakland numerous times. 53 00:02:49,200 --> 00:02:53,640 Speaker 4: The last proposal was a waterfront facility that would have 54 00:02:53,680 --> 00:02:58,120 Speaker 4: been at an old shipping site essentially, and it was 55 00:02:58,240 --> 00:03:01,560 Speaker 4: very controversial in the city. And it's exactly what you said. 56 00:03:01,639 --> 00:03:05,480 Speaker 4: The coliseum is. One source called it a relic of 57 00:03:05,480 --> 00:03:09,400 Speaker 4: a bygone age. It's almost impossible to play in. It 58 00:03:09,440 --> 00:03:12,560 Speaker 4: wasn't great for the fans, It wasn't great for the team. 59 00:03:12,919 --> 00:03:16,200 Speaker 4: Lights would fall down periodically and blackout. It was just 60 00:03:16,240 --> 00:03:19,240 Speaker 4: an interesting fan experience, to say the least. But they 61 00:03:19,240 --> 00:03:22,600 Speaker 4: wanted a new wallpark and they were looking at it 62 00:03:22,600 --> 00:03:26,360 Speaker 4: in Oakland. The public financing angle of it just wasn't 63 00:03:26,360 --> 00:03:29,560 Speaker 4: something that the mayor and the city council was willing 64 00:03:29,600 --> 00:03:32,200 Speaker 4: to commit to you. So they started looking at other 65 00:03:32,240 --> 00:03:36,040 Speaker 4: options and Vegas came up, and this is the third 66 00:03:36,280 --> 00:03:39,119 Speaker 4: professional sports team to leave Oakland in about the last 67 00:03:39,160 --> 00:03:39,680 Speaker 4: five years. 68 00:03:39,880 --> 00:03:42,120 Speaker 6: Well, we talk about building new stadiums in California and 69 00:03:42,120 --> 00:03:44,680 Speaker 6: that doesn't come without its fair share of wrangling, right, 70 00:03:44,720 --> 00:03:48,080 Speaker 6: I mean, high cost of labor, environmental standards, all that 71 00:03:48,160 --> 00:03:50,400 Speaker 6: kind of stuff, tax payers, you know, all that kind 72 00:03:50,440 --> 00:03:52,280 Speaker 6: of stuff. But really, at the end of the day, 73 00:03:52,320 --> 00:03:54,240 Speaker 6: if you look at the franchise value of the oak. 74 00:03:54,440 --> 00:03:57,440 Speaker 7: Sorry, the Las Vegas Athletics, is that going to be right? 75 00:03:57,440 --> 00:03:59,640 Speaker 6: If you look at their franchise, Valle, It's not driven 76 00:03:59,640 --> 00:04:01,880 Speaker 6: by ticket sales anymore, now, is it. It's driven by 77 00:04:02,120 --> 00:04:06,040 Speaker 6: other sort of things, one of which is sports gambling. 78 00:04:06,040 --> 00:04:08,080 Speaker 6: So talk to us a little bit about maybe the 79 00:04:08,080 --> 00:04:11,000 Speaker 6: fact that Nevada has legalized sports gambling in California doesn't 80 00:04:11,000 --> 00:04:13,600 Speaker 6: Did that kind of come into this at all in 81 00:04:13,640 --> 00:04:15,480 Speaker 6: any way, shape or form, Danielle, It's. 82 00:04:15,360 --> 00:04:17,719 Speaker 4: Really hard to say what went into the calculus. But 83 00:04:17,760 --> 00:04:20,279 Speaker 4: you have to keep in mind that professional sports teams 84 00:04:20,279 --> 00:04:24,520 Speaker 4: now are not just sports teams, they're entertainment behemoths. They 85 00:04:24,560 --> 00:04:29,160 Speaker 4: want the media, they want the flashy lights, the hotels, 86 00:04:29,279 --> 00:04:33,279 Speaker 4: the gaming, everything surrounding the team, and Vegas is a 87 00:04:33,320 --> 00:04:34,919 Speaker 4: really appealing environment for that. 88 00:04:35,360 --> 00:04:39,480 Speaker 1: Las Vegas is just booming now because you have you know, 89 00:04:39,560 --> 00:04:44,240 Speaker 1: the Raiders, You're going to have the A's sphere. Yeah, 90 00:04:45,320 --> 00:04:48,239 Speaker 1: they had the Grand Prix, which actually the Grand Prix 91 00:04:48,279 --> 00:04:49,360 Speaker 1: wasn't bad, but you know. 92 00:04:49,480 --> 00:04:50,600 Speaker 7: It wasn't bad. And now was it? 93 00:04:50,680 --> 00:04:53,280 Speaker 6: I mean, and with all the stuff surrounding it, right, 94 00:04:53,320 --> 00:04:54,720 Speaker 6: with the manhole covers and everything. 95 00:04:54,760 --> 00:04:56,400 Speaker 7: I mean, that was one heck of a race, probably 96 00:04:56,440 --> 00:04:57,120 Speaker 7: the best one of the year. 97 00:04:57,200 --> 00:05:00,640 Speaker 1: Yeah, it was so Danielle's like, Okay, I just showed 98 00:05:00,720 --> 00:05:04,720 Speaker 1: up for this. But my point is is that Las 99 00:05:04,839 --> 00:05:06,599 Speaker 1: Vegas is really. 100 00:05:06,200 --> 00:05:08,120 Speaker 7: Jumping, Danielle. I have a question for you. 101 00:05:08,040 --> 00:05:11,280 Speaker 6: You know, the history of baseball in the Oakland Bay 102 00:05:11,360 --> 00:05:14,279 Speaker 6: City area. I mean, you think about it, right, Rally fingers, 103 00:05:14,320 --> 00:05:17,080 Speaker 6: you think about you know, I'm sorry, Frank Robinson, Jimmy Rollins, 104 00:05:17,160 --> 00:05:19,440 Speaker 6: Ricky Henderson, you name it, Dave Stewart, you know, talk 105 00:05:19,480 --> 00:05:22,279 Speaker 6: to us about, you know, the whole that's been left 106 00:05:22,279 --> 00:05:24,000 Speaker 6: in that city now that this is the last sports 107 00:05:24,000 --> 00:05:24,720 Speaker 6: franchise to leave. 108 00:05:24,720 --> 00:05:26,680 Speaker 7: I mean, what comes next for Oakland. 109 00:05:26,880 --> 00:05:29,640 Speaker 4: I mean, it's a cultural deficit that's been left there. 110 00:05:29,720 --> 00:05:32,360 Speaker 4: You have had three sports teams leave. The Raiders went 111 00:05:32,360 --> 00:05:36,160 Speaker 4: to Vegas as well, the Golden State Warriors moved across 112 00:05:36,200 --> 00:05:38,800 Speaker 4: the Bay to San Francisco, and now the A's were 113 00:05:38,839 --> 00:05:41,640 Speaker 4: the last ones available, and that is a real shock 114 00:05:41,720 --> 00:05:45,160 Speaker 4: for the city and it's really upsetting for a lot 115 00:05:45,160 --> 00:05:47,840 Speaker 4: of the longtime residents there that used to have three 116 00:05:47,880 --> 00:05:50,120 Speaker 4: teams that they could cheer for and now don't have any. 117 00:05:50,200 --> 00:05:51,400 Speaker 6: Do you think that you know there's going to be 118 00:05:51,400 --> 00:05:54,680 Speaker 6: an exodus of you know, literally people leaving the Oakland 119 00:05:54,760 --> 00:05:56,200 Speaker 6: area because of this because they have no. 120 00:05:56,160 --> 00:05:59,000 Speaker 7: Teams to root for. Or am I going a bit 121 00:05:59,080 --> 00:05:59,960 Speaker 7: too stretching a bit too? 122 00:06:00,560 --> 00:06:02,159 Speaker 4: I think that's a bit of a stretch. I feel 123 00:06:02,200 --> 00:06:04,960 Speaker 4: like a lot of people will keep their loyalty to 124 00:06:05,000 --> 00:06:07,720 Speaker 4: the team even if they move locations, but they'll probably 125 00:06:08,200 --> 00:06:11,760 Speaker 4: other factors keep them in Oakland. They have schools, they 126 00:06:11,760 --> 00:06:14,560 Speaker 4: have apartments, they have lives there, so they'll route virtually 127 00:06:14,720 --> 00:06:15,720 Speaker 4: or over the TV. 128 00:06:16,080 --> 00:06:18,320 Speaker 5: I got to ask you, because you can trust the 129 00:06:18,360 --> 00:06:21,520 Speaker 5: Oakland A's to the San Francisco Giants, who are doing 130 00:06:21,640 --> 00:06:25,280 Speaker 5: very well financially, have their own ballpark, and I remember 131 00:06:25,320 --> 00:06:27,480 Speaker 5: when they first moved into pac Bell which is now 132 00:06:27,560 --> 00:06:29,360 Speaker 5: what is it called the AT and T Park SBC. 133 00:06:29,920 --> 00:06:32,600 Speaker 5: It's changed names so many different times, but they kept 134 00:06:32,600 --> 00:06:36,040 Speaker 5: talking about how this was privately funded, that the San 135 00:06:36,040 --> 00:06:39,520 Speaker 5: Francisco Giants did not need to tap taxpayers for their 136 00:06:39,560 --> 00:06:43,240 Speaker 5: new stadium, whereas Oakland was trying to get taxpayers to 137 00:06:43,360 --> 00:06:46,880 Speaker 5: essentially subsidize their stadium. Danielle is someone who covers the 138 00:06:46,960 --> 00:06:51,640 Speaker 5: muni market. Can an arena? Can a stadium actually be 139 00:06:51,839 --> 00:06:55,440 Speaker 5: completely privately funded? So when these wall clubs say, oh, 140 00:06:55,640 --> 00:06:58,320 Speaker 5: we pay for it ourselves, is that one hundred percent true? 141 00:06:59,120 --> 00:07:03,840 Speaker 4: It really so. In Oakland, the a's organization said that 142 00:07:03,880 --> 00:07:07,680 Speaker 4: the ballpark would have been privately financed. What they needed was, 143 00:07:08,040 --> 00:07:09,920 Speaker 4: I think it was about a billion dollars for the 144 00:07:09,920 --> 00:07:14,480 Speaker 4: infrastructure around it. So the ballpark itself, the actual facility 145 00:07:14,560 --> 00:07:18,600 Speaker 4: of the stadium would have been funded by the a's organizations, 146 00:07:19,040 --> 00:07:22,160 Speaker 4: but everything that needed to support it, so you have 147 00:07:22,200 --> 00:07:26,400 Speaker 4: streets and sidewalks and water facilities. Transport to get from 148 00:07:26,440 --> 00:07:31,440 Speaker 4: across this rail yard into the stadium area would is 149 00:07:31,520 --> 00:07:34,440 Speaker 4: public dollars and probably would have been funded through some 150 00:07:34,480 --> 00:07:35,239 Speaker 4: sort of bonding. 151 00:07:35,520 --> 00:07:38,040 Speaker 1: I would like to talk about the stadium that they 152 00:07:38,080 --> 00:07:41,440 Speaker 1: would have to construct for this, because in the summertime 153 00:07:41,520 --> 00:07:43,560 Speaker 1: it's two hundred and seventeen degrees. 154 00:07:44,320 --> 00:07:45,000 Speaker 4: It's very hot. 155 00:07:45,840 --> 00:07:48,600 Speaker 1: Obviously, this has got to be like a dome stadium 156 00:07:48,800 --> 00:07:50,480 Speaker 1: where it's air conditioned. 157 00:07:50,520 --> 00:07:52,640 Speaker 4: They don't know exactly what it will look like yet, 158 00:07:52,880 --> 00:07:58,000 Speaker 4: so the original proposal has been scrapped and they're planning 159 00:07:58,040 --> 00:08:01,120 Speaker 4: to do a new design, which is highly anticipated. People 160 00:08:01,160 --> 00:08:04,040 Speaker 4: are very anxious to see what the new ballpark will 161 00:08:04,080 --> 00:08:07,280 Speaker 4: look like right near the last Vegas strip, but it 162 00:08:07,320 --> 00:08:09,920 Speaker 4: will likely be domed in some way, some sort of 163 00:08:09,920 --> 00:08:13,120 Speaker 4: either retractable roof or permanent dome that has yet to 164 00:08:13,160 --> 00:08:16,239 Speaker 4: be seen. A retractable roof is quite expensive, but also 165 00:08:16,320 --> 00:08:19,720 Speaker 4: you have those very nice Vegas nights in the winter 166 00:08:19,800 --> 00:08:22,560 Speaker 4: time where it can be nice and breezy, so having 167 00:08:22,600 --> 00:08:25,560 Speaker 4: that indoor outdoor experience is attractive for fans. 168 00:08:25,760 --> 00:08:27,800 Speaker 6: Well, Danielle, I think a one point five billion dollars, 169 00:08:27,840 --> 00:08:31,840 Speaker 6: thirty thousand seat ballpark with a retractable roof was approved, right. 170 00:08:31,880 --> 00:08:33,839 Speaker 6: I think that was kind of what the if I'm 171 00:08:33,840 --> 00:08:36,520 Speaker 6: not mistaken, what went to you know, went to you know, 172 00:08:36,600 --> 00:08:39,040 Speaker 6: the legislature for financing. But you know, my question is this, 173 00:08:39,120 --> 00:08:41,680 Speaker 6: I mean, you think John Fisher will ever be allowed 174 00:08:41,760 --> 00:08:44,040 Speaker 6: in the BA city area ever again? Like when was 175 00:08:44,080 --> 00:08:46,040 Speaker 6: the last time you think he set foot in like 176 00:08:46,120 --> 00:08:48,600 Speaker 6: the Oakland city limits? I mean this, I mean what 177 00:08:48,679 --> 00:08:50,120 Speaker 6: he did to this team and the fact that he 178 00:08:50,200 --> 00:08:52,280 Speaker 6: pulled them out, and I mean, it's got to be 179 00:08:52,320 --> 00:08:53,920 Speaker 6: it's got to not sit well. I mean I remember, 180 00:08:54,000 --> 00:08:56,120 Speaker 6: quite frankly, when you know, the Dodgers left, the Giants 181 00:08:56,160 --> 00:08:58,960 Speaker 6: left New York. You know, I'm you know, I'm one 182 00:08:59,040 --> 00:09:01,200 Speaker 6: hundred and fifty years old, you know, so I remember 183 00:09:01,200 --> 00:09:03,199 Speaker 6: these things. But you know, the reality is when they left, 184 00:09:03,480 --> 00:09:05,520 Speaker 6: you couldn't get those fans to move over to the Yankees. 185 00:09:05,559 --> 00:09:07,160 Speaker 7: They hated them so much, right, So that was the 186 00:09:07,200 --> 00:09:08,120 Speaker 7: beginning of the Mets. 187 00:09:08,440 --> 00:09:10,240 Speaker 6: So I'm just curious, you know, if you think that 188 00:09:10,280 --> 00:09:12,040 Speaker 6: these Oakland these fans are going to kind of migrate 189 00:09:12,080 --> 00:09:12,840 Speaker 6: over to the Giants. 190 00:09:12,880 --> 00:09:14,560 Speaker 7: I mean, Michael Barr, what are your thoughts there? I mean, 191 00:09:14,559 --> 00:09:15,080 Speaker 7: where do you go? 192 00:09:15,320 --> 00:09:17,600 Speaker 1: I think it's going to be like the Bob Ersay 193 00:09:17,760 --> 00:09:21,720 Speaker 1: of sports. If you remember the story is, like you know, 194 00:09:21,840 --> 00:09:24,319 Speaker 1: back when you had the Baltimore Coats and Ersay one 195 00:09:24,440 --> 00:09:27,760 Speaker 1: night packed up the whole team and then left. And 196 00:09:27,840 --> 00:09:30,480 Speaker 1: you want to talk about the name of mud that 197 00:09:31,080 --> 00:09:36,720 Speaker 1: Bob ersay people were mad, and well, yeah, I guess that, Danielle. 198 00:09:36,760 --> 00:09:38,240 Speaker 1: I guess that does bring up a point. I mean 199 00:09:38,240 --> 00:09:43,160 Speaker 1: it's like what we were talking about, what will will 200 00:09:43,200 --> 00:09:46,680 Speaker 1: you get the fan club? Will you get that heading 201 00:09:46,720 --> 00:09:49,800 Speaker 1: over now into Las Vegas from the A's from Oakland 202 00:09:49,800 --> 00:09:50,280 Speaker 1: to last. 203 00:09:50,240 --> 00:09:52,200 Speaker 7: Right, these legacy fans right one thing. 204 00:09:52,240 --> 00:09:54,640 Speaker 4: I mean, John Fisher is not a popular man in Oakland. 205 00:09:55,600 --> 00:09:59,960 Speaker 4: He's not their favorite person the fans. Actually, earlier this year, 206 00:10:00,360 --> 00:10:03,280 Speaker 4: after this looked like it was going to gain some 207 00:10:03,400 --> 00:10:06,160 Speaker 4: traction and it was going to happen before this most 208 00:10:06,160 --> 00:10:10,439 Speaker 4: recent vote, they staged a reverse boycott. So yeah, it 209 00:10:10,600 --> 00:10:13,600 Speaker 4: just half historically poor attendance, and they got all of 210 00:10:13,600 --> 00:10:19,000 Speaker 4: these people to come and basically reverse boycott and come 211 00:10:19,040 --> 00:10:21,480 Speaker 4: to the stadium and show support. Whether or not that 212 00:10:21,559 --> 00:10:24,720 Speaker 4: will stick when it moves a couple of states away 213 00:10:24,760 --> 00:10:25,760 Speaker 4: as remains to be seen. 214 00:10:25,800 --> 00:10:27,920 Speaker 6: Even though John Fish and Jack the ticket prices ahead 215 00:10:28,800 --> 00:10:30,920 Speaker 6: season got rid of the whole team. 216 00:10:31,000 --> 00:10:33,880 Speaker 5: Yeah, I remember we spoke with Oakland A's president Dave 217 00:10:33,920 --> 00:10:36,520 Speaker 5: Kabal a while ago and he was talking about how 218 00:10:36,559 --> 00:10:39,280 Speaker 5: the fan base for Oakland was really dispersed across the nation. 219 00:10:39,440 --> 00:10:42,959 Speaker 5: It wasn't necessarily just based in Oakland. It was kind 220 00:10:43,000 --> 00:10:46,960 Speaker 5: of spread out. And so it goes to that idea Damien, 221 00:10:47,080 --> 00:10:52,200 Speaker 5: about even with Oakland moving to Las Vegas, they're less concerned, 222 00:10:52,240 --> 00:10:54,240 Speaker 5: I guess from that perspective because the fan base was 223 00:10:54,280 --> 00:10:55,280 Speaker 5: always kind of spread out. 224 00:10:55,360 --> 00:10:57,480 Speaker 6: Yeah, yeah, no, I mean it's going to be interesting 225 00:10:57,520 --> 00:10:59,120 Speaker 6: to see how this develops. But I mean they're gonna 226 00:10:59,120 --> 00:11:03,280 Speaker 6: have to play somewhere next think, So, I mean, UNLV 227 00:11:03,440 --> 00:11:05,040 Speaker 6: have a basic I mean, yeah, where are they going 228 00:11:05,080 --> 00:11:05,440 Speaker 6: to play? 229 00:11:05,840 --> 00:11:08,200 Speaker 4: So that's up for debate. They have I think it's 230 00:11:08,200 --> 00:11:12,040 Speaker 4: a three year gap in between when the new stadium 231 00:11:12,120 --> 00:11:15,160 Speaker 4: will be constructed and when their lease ends in Oakland, 232 00:11:15,280 --> 00:11:19,000 Speaker 4: so they could play at their spring training facility in Arizona, 233 00:11:19,160 --> 00:11:22,599 Speaker 4: they could play at a local site outside of Vegas. 234 00:11:22,840 --> 00:11:25,679 Speaker 4: One option is to extend their lease at the Coliseum, 235 00:11:25,960 --> 00:11:29,600 Speaker 4: which is a bit controversial, and the mayor wants some 236 00:11:29,640 --> 00:11:33,079 Speaker 4: sort of commitment from the MLB to get an expansion 237 00:11:33,120 --> 00:11:36,080 Speaker 4: team if they allow that. So it's it's all up 238 00:11:36,120 --> 00:11:36,520 Speaker 4: in the air. 239 00:11:36,559 --> 00:11:39,000 Speaker 1: Wow, Well, Daniel, I don't know how that relationship is 240 00:11:39,000 --> 00:11:41,720 Speaker 1: going to go. I could just see now everybody in Oakland. 241 00:11:41,720 --> 00:11:43,880 Speaker 1: It's like I never did, like your mama, well take 242 00:11:43,920 --> 00:11:45,959 Speaker 1: your stuff and get out. But I could see that 243 00:11:46,280 --> 00:11:50,840 Speaker 1: because they're people are angry. The fans can get rid, 244 00:11:50,960 --> 00:11:52,000 Speaker 1: you know you. 245 00:11:52,080 --> 00:11:53,280 Speaker 5: Yeah, they're betrayed. 246 00:11:53,679 --> 00:11:57,120 Speaker 1: Yeah, I mean it's they feel you know, we look 247 00:11:57,160 --> 00:11:59,720 Speaker 1: at it like, Okay, it's a business, and it is. 248 00:12:00,200 --> 00:12:02,199 Speaker 1: But if you are a fan of a team, yeah, 249 00:12:02,240 --> 00:12:05,400 Speaker 1: it's you put your emotion into that and this is 250 00:12:05,600 --> 00:12:09,320 Speaker 1: what you're you know, what you're rooting for. And I 251 00:12:09,320 --> 00:12:13,520 Speaker 1: mean yes, you mentioned, yes, you mentioned Rally Fingers and 252 00:12:13,679 --> 00:12:16,360 Speaker 1: Reggie Jackson before he was a Yankee played for the 253 00:12:16,400 --> 00:12:20,280 Speaker 1: Oakland A's. Yeah. Oh man, see it's ricky. 254 00:12:20,480 --> 00:12:21,120 Speaker 7: You know, it's funny. 255 00:12:21,240 --> 00:12:23,720 Speaker 6: I'm just going to quote this because it's just Jim Zlensky, 256 00:12:23,840 --> 00:12:27,439 Speaker 6: who is I think the co founded Save Oakland Sports Right, 257 00:12:27,440 --> 00:12:28,960 Speaker 6: which is one of the groups that you know, tried 258 00:12:28,960 --> 00:12:30,120 Speaker 6: to keep the A's in town. 259 00:12:30,520 --> 00:12:30,960 Speaker 1: Quote. 260 00:12:31,160 --> 00:12:34,720 Speaker 6: What this vote symbolizes for me is that it really 261 00:12:34,760 --> 00:12:38,040 Speaker 6: is the death of the common everyday fan full stop. 262 00:12:38,320 --> 00:12:39,920 Speaker 6: I mean that is kind of where you're at, right. 263 00:12:39,960 --> 00:12:41,560 Speaker 6: I mean that fans don't have to be in the 264 00:12:41,559 --> 00:12:44,520 Speaker 6: scene locale as their team anymore. I mean, given everything 265 00:12:44,520 --> 00:12:46,640 Speaker 6: that's going on obviously, and you know, look, I mean, 266 00:12:46,679 --> 00:12:49,000 Speaker 6: given all these ways to gamble on your teams, you 267 00:12:49,080 --> 00:12:51,400 Speaker 6: might like somebody, you know, a team might be your 268 00:12:51,400 --> 00:12:53,320 Speaker 6: favorite team from a completely different location. 269 00:12:53,440 --> 00:12:55,600 Speaker 7: So it's just it's just, yeah, it's a change. 270 00:12:55,640 --> 00:12:58,240 Speaker 5: You think you're a Vegas sports bubble now, I mean 271 00:12:58,520 --> 00:12:59,760 Speaker 5: this is peak Vegas sports. 272 00:13:00,320 --> 00:13:02,400 Speaker 6: No, I mean, I think Vegas sports is only beginning. 273 00:13:02,400 --> 00:13:04,679 Speaker 6: It's only scratching the surface. Certainly after we saw F one, 274 00:13:04,760 --> 00:13:07,440 Speaker 6: I mean, and I mean, look, a lot of people 275 00:13:07,440 --> 00:13:09,480 Speaker 6: were down on what had been going on in the 276 00:13:09,600 --> 00:13:13,239 Speaker 6: days preceding the event, but the event itself was fantastic. 277 00:13:13,320 --> 00:13:15,960 Speaker 7: So I think I think Vegas is up and coming still. 278 00:13:16,480 --> 00:13:22,160 Speaker 1: And on that high note, Danielle Moran, if were Bloomberg's own, 279 00:13:22,559 --> 00:13:24,800 Speaker 1: you are so kind to come by and join us 280 00:13:24,800 --> 00:13:27,439 Speaker 1: here on the Bloomberg Business of Sports. Thank you so much. 281 00:13:27,480 --> 00:13:28,280 Speaker 1: We appreciate it. 282 00:13:28,320 --> 00:13:29,160 Speaker 4: Thanks for having me. 283 00:13:29,520 --> 00:13:33,880 Speaker 1: That's Bloomberg News Municipal Finance team leader Danielle Moran. Up 284 00:13:33,960 --> 00:13:35,880 Speaker 1: next on the show, we take a look at some 285 00:13:36,000 --> 00:13:38,760 Speaker 1: of the latest legal headlines in the world of sports 286 00:13:38,960 --> 00:13:42,800 Speaker 1: with guldstand and stores. Martin Addell that is straight ahead 287 00:13:43,000 --> 00:13:46,800 Speaker 1: on the Bloomberg Business of Sports from Bloomberg Radio around 288 00:13:46,880 --> 00:13:55,480 Speaker 1: the world. This is the Bloomberg Business of Sports show, 289 00:13:55,520 --> 00:13:57,320 Speaker 1: where we explored the big money issues in the world 290 00:13:57,360 --> 00:14:00,280 Speaker 1: of sports. I'm Michael Barr, along with Scarlett Fuo and 291 00:14:00,440 --> 00:14:04,480 Speaker 1: Damian Sassour. University of Michigan head coach Jim Harbaugh is 292 00:14:04,559 --> 00:14:07,480 Speaker 1: missing the end of the regular season. He's honoring a 293 00:14:07,480 --> 00:14:10,400 Speaker 1: three game ban handed down by the Big Ten, ending 294 00:14:10,440 --> 00:14:15,120 Speaker 1: the program's signed stealing drama for now. Harbaugh spoke to 295 00:14:15,240 --> 00:14:18,760 Speaker 1: the press earlier this week after accepting the suspension and 296 00:14:18,880 --> 00:14:22,760 Speaker 1: said he felt supported by the Michigan community Support President 297 00:14:22,760 --> 00:14:25,280 Speaker 1: Ono the Border Regents. 298 00:14:26,480 --> 00:14:31,360 Speaker 2: Board, Manual is greatly appreciated as his tremendous support of 299 00:14:31,360 --> 00:14:36,360 Speaker 2: our alumni fan base towards our incredible football team. 300 00:14:36,840 --> 00:14:38,960 Speaker 1: But there are a lot of mixed feelings about the 301 00:14:39,000 --> 00:14:41,960 Speaker 1: scandal and about Jim Harbaugh. To help us break down 302 00:14:42,000 --> 00:14:44,840 Speaker 1: the investigation and some other big legal headlines in the 303 00:14:44,840 --> 00:14:47,680 Speaker 1: world of sports, we welcome back friend of the show, 304 00:14:48,080 --> 00:14:52,280 Speaker 1: Martin Adell. He's Gulston and Steer's Law practice co chair 305 00:14:52,320 --> 00:14:56,600 Speaker 1: and adjunct law professor at Columbia. Marty, welcome back to 306 00:14:56,640 --> 00:14:58,320 Speaker 1: the Bloomberg Business of Sports. 307 00:14:58,680 --> 00:15:01,040 Speaker 2: It's a pleasure to be with of you again. Thank 308 00:15:01,080 --> 00:15:01,840 Speaker 2: you for having me. 309 00:15:02,080 --> 00:15:04,920 Speaker 1: So I'm going to ask the elephant in the room. 310 00:15:05,560 --> 00:15:08,640 Speaker 1: He's coming in and he's old. Look, he's got a 311 00:15:08,720 --> 00:15:13,360 Speaker 1: sign that says University of Michigan football and has got 312 00:15:13,440 --> 00:15:17,080 Speaker 1: Jim Harbaugh on the other side of the elephant. And 313 00:15:17,120 --> 00:15:19,160 Speaker 1: we know all of the stuff that's been going on 314 00:15:19,520 --> 00:15:22,760 Speaker 1: with the University of Michigan mas and blue suspension, this 315 00:15:23,640 --> 00:15:26,720 Speaker 1: you know, stealing signs that what's going on. 316 00:15:27,040 --> 00:15:31,600 Speaker 2: Both the NCAA and the Big Ten Conference have claimed 317 00:15:31,800 --> 00:15:37,560 Speaker 2: that Michigan's football team is engaging in a signal stealing 318 00:15:37,920 --> 00:15:41,400 Speaker 2: project over the last couple of years. And the issue 319 00:15:41,520 --> 00:15:45,560 Speaker 2: right now is the Big Ten has disciplined Michigan by 320 00:15:45,600 --> 00:15:51,400 Speaker 2: telling Michigan that coach Harbaugh cannot attend three games. So 321 00:15:52,360 --> 00:15:56,640 Speaker 2: that's already started. And the question is are they right? 322 00:15:56,960 --> 00:15:59,520 Speaker 5: Sorry, the alumni going to jump in here and protest 323 00:15:59,520 --> 00:16:03,760 Speaker 5: this because look how well Michigan's done under Harboss And yeah, 324 00:16:04,600 --> 00:16:08,120 Speaker 5: tell them Scarlett, Yeah, I mean, and their defense or 325 00:16:08,160 --> 00:16:11,320 Speaker 5: their explanation is going to be all the teams steal signs. 326 00:16:11,360 --> 00:16:12,280 Speaker 5: This is nothing new. 327 00:16:12,720 --> 00:16:16,320 Speaker 2: So Scarlett's that's a great point, and the alumni have 328 00:16:16,360 --> 00:16:19,760 Speaker 2: already jumped in and filed amicus briefs Friend of the 329 00:16:19,800 --> 00:16:24,640 Speaker 2: Court leaf in the action that's going on. The fact 330 00:16:24,680 --> 00:16:28,520 Speaker 2: that other teams may be stealing signed is not, at 331 00:16:28,600 --> 00:16:30,840 Speaker 2: least at law, should not be a defense to it. 332 00:16:31,320 --> 00:16:35,560 Speaker 2: But it captured public opinion. If everybody's doing it, why 333 00:16:36,240 --> 00:16:37,440 Speaker 2: single out Michigan. 334 00:16:37,640 --> 00:16:39,640 Speaker 6: I was wondering if you could comment briefly on the 335 00:16:39,920 --> 00:16:42,560 Speaker 6: case with Major League Baseball. Right they settled with some 336 00:16:42,600 --> 00:16:45,800 Speaker 6: of these X minor league teams, you know, they've lost 337 00:16:45,840 --> 00:16:48,000 Speaker 6: their affiliations with some of the old organizations. I'm thinking 338 00:16:48,040 --> 00:16:52,400 Speaker 6: New York City's Tri City Valley Cats and Connecticut's Norwich 339 00:16:52,480 --> 00:16:54,440 Speaker 6: c Unicorns. I mean, talk to us a little bit 340 00:16:54,440 --> 00:16:57,600 Speaker 6: about what is going on with Major League Baseball here. 341 00:16:58,240 --> 00:17:02,800 Speaker 2: This issue has it antecedents one hundred years ago. What 342 00:17:03,000 --> 00:17:05,800 Speaker 2: happened one hundred years ago is the US Supreme Court 343 00:17:06,240 --> 00:17:10,040 Speaker 2: looked at a case involving Major League Baseball. It had 344 00:17:10,080 --> 00:17:13,879 Speaker 2: to do with the Federal Baseball League, and one owner 345 00:17:14,080 --> 00:17:17,400 Speaker 2: was not absorbed when the Federal Baseball League was absorbed 346 00:17:17,440 --> 00:17:20,879 Speaker 2: by the National League and American League, so that owner sued, 347 00:17:21,240 --> 00:17:24,600 Speaker 2: claiming the anti trust laws would show that there was 348 00:17:24,720 --> 00:17:28,560 Speaker 2: an unlawful conspiracy among Major League, National League and American 349 00:17:28,600 --> 00:17:32,440 Speaker 2: League owners. Goes to the US Supreme Court, no less 350 00:17:32,520 --> 00:17:36,560 Speaker 2: adjustice than Oliver Wendell Holmes writes the decision for the 351 00:17:36,680 --> 00:17:42,560 Speaker 2: US Supreme Court, holding that baseball is an exhibition not 352 00:17:42,840 --> 00:17:49,320 Speaker 2: involved in interstate commerce, and therefore baseball must be exempt 353 00:17:49,359 --> 00:17:53,520 Speaker 2: from the anti trust laws because Congress can only legislate 354 00:17:53,560 --> 00:17:56,760 Speaker 2: matters that are involved in intersafe commerce. That made no 355 00:17:56,800 --> 00:17:59,960 Speaker 2: sense in nineteen twenty three when this decision came down, 356 00:18:00,480 --> 00:18:04,280 Speaker 2: teams traveled across state lines, players traveled across state lines. 357 00:18:04,640 --> 00:18:09,400 Speaker 2: Fans traveled across state lines in substantial numbers. Twice more, 358 00:18:09,480 --> 00:18:11,720 Speaker 2: the issue came to the Supreme Court, once in nineteen 359 00:18:11,800 --> 00:18:15,119 Speaker 2: fifty three and again in nineteen seventy two. Both times 360 00:18:15,119 --> 00:18:17,840 Speaker 2: in the Supreme Court upheld come to be called as 361 00:18:17,880 --> 00:18:22,359 Speaker 2: the baseball exemption, essentially concluding that it makes no sense 362 00:18:22,880 --> 00:18:25,240 Speaker 2: the term. In the nineteen seventy two case, which was 363 00:18:25,760 --> 00:18:29,800 Speaker 2: flood against qunits, the Kirk what's sometimes called the Kurk floodcase, 364 00:18:30,280 --> 00:18:34,320 Speaker 2: was that baseball is an anomaly in anti trust law, 365 00:18:34,480 --> 00:18:37,120 Speaker 2: but it was up to Congress to fix it, Congress 366 00:18:37,160 --> 00:18:39,680 Speaker 2: had chosen not to fix it, so the Supreme Court said, 367 00:18:39,840 --> 00:18:42,879 Speaker 2: we're not going to bother dealing with it now. So 368 00:18:43,080 --> 00:18:46,520 Speaker 2: for one hundred years, baseball has been exempt from the 369 00:18:46,640 --> 00:18:51,440 Speaker 2: anti trust laws. Not so for professional football, basketball, soccer, 370 00:18:51,880 --> 00:18:56,399 Speaker 2: theatrical exhibition, you name the sport, the fordom of entertainment, 371 00:18:56,520 --> 00:18:58,600 Speaker 2: all subject to the anti trust laws. 372 00:18:58,720 --> 00:19:02,160 Speaker 6: And Marty does not clear it was those two minor 373 00:19:02,240 --> 00:19:06,160 Speaker 6: league affiliates that were potentially throwing all of this into disarray? 374 00:19:06,200 --> 00:19:07,159 Speaker 6: Am I not mistaken in that? 375 00:19:07,359 --> 00:19:09,400 Speaker 7: Or you're absolutely cor amazing. 376 00:19:09,560 --> 00:19:12,639 Speaker 2: We have those two teams from Norwich and I forget 377 00:19:12,640 --> 00:19:13,160 Speaker 2: the other. 378 00:19:13,119 --> 00:19:13,880 Speaker 7: Troit, New York. 379 00:19:14,000 --> 00:19:18,200 Speaker 2: Yeah, exactly, Yeah, and they challenge it, but they sued 380 00:19:18,240 --> 00:19:22,600 Speaker 2: Major League Baseball, and the lower courts have held nothing 381 00:19:22,640 --> 00:19:25,440 Speaker 2: we can do. We can't overrule the US Supreme Court, 382 00:19:25,840 --> 00:19:30,760 Speaker 2: and they're right. A question of jurisprudence. Would the Supreme 383 00:19:30,800 --> 00:19:34,560 Speaker 2: Court take the case again? Not clear, but Major League 384 00:19:34,600 --> 00:19:38,359 Speaker 2: Baseball was hedging his bet and settled before the Supreme 385 00:19:38,400 --> 00:19:41,280 Speaker 2: Court had an opportunity to determine whether or not it 386 00:19:41,320 --> 00:19:42,200 Speaker 2: would hear the case. 387 00:19:42,440 --> 00:19:44,520 Speaker 1: I'm going to go back and ask a question about 388 00:19:44,560 --> 00:19:47,919 Speaker 1: the NCAA and a just good old a simple question. 389 00:19:48,600 --> 00:19:52,880 Speaker 1: Are student athletes employees are students? Oh boy, this. 390 00:19:53,040 --> 00:19:57,639 Speaker 2: Is the existential question I think for the NCAA and 391 00:19:57,680 --> 00:20:00,879 Speaker 2: its member institutions. You know what we no we have 392 00:20:01,040 --> 00:20:05,960 Speaker 2: as inputs here is that since the Obannon decision came down. 393 00:20:06,119 --> 00:20:08,960 Speaker 2: This was the decision in which the Ninth Circuit Court 394 00:20:08,960 --> 00:20:13,000 Speaker 2: of Appeals held that players are entitled. Student athletes are 395 00:20:13,119 --> 00:20:17,320 Speaker 2: entitled to monetize their name, imager and likeness rights or 396 00:20:17,440 --> 00:20:20,680 Speaker 2: NIL rights. And then we have the Alston case coming 397 00:20:20,720 --> 00:20:24,679 Speaker 2: down in twenty twenty one, which says that there was 398 00:20:24,680 --> 00:20:29,000 Speaker 2: an antitrust conspiracy among the NCAA and its member teams 399 00:20:29,480 --> 00:20:34,480 Speaker 2: to restrict the amount of benefits called other educational or 400 00:20:34,520 --> 00:20:39,840 Speaker 2: additional educational benefits to which student athletes were entitled. So 401 00:20:39,880 --> 00:20:43,600 Speaker 2: we have those two as inputs. Now, players are making 402 00:20:43,640 --> 00:20:48,560 Speaker 2: money on nil, they're getting granted aids, tuition, room and board. 403 00:20:49,040 --> 00:20:54,160 Speaker 2: They're getting this amount of nine hundred and eighty dollars 404 00:20:54,200 --> 00:20:57,119 Speaker 2: per student per year. And if you ask me how 405 00:20:57,160 --> 00:20:59,399 Speaker 2: they came up with that, the answer is out of 406 00:20:59,560 --> 00:21:06,359 Speaker 2: a eventually, and the questions now, can they get more? 407 00:21:06,400 --> 00:21:09,560 Speaker 2: So we have two threads of cases going on in 408 00:21:09,600 --> 00:21:13,240 Speaker 2: the country at this time. One is whether student athletes 409 00:21:13,680 --> 00:21:17,560 Speaker 2: are employees within the meaning of the Fair Labor Standards Act, 410 00:21:17,720 --> 00:21:22,399 Speaker 2: which would entitle all student athletes if upheld to at 411 00:21:22,480 --> 00:21:26,240 Speaker 2: least a minimum wage. You think of a normal college 412 00:21:26,320 --> 00:21:29,200 Speaker 2: or university with a thousand student athletes, you're talking about 413 00:21:29,200 --> 00:21:31,679 Speaker 2: a fifteen to twenty million dollars hit on the budget 414 00:21:31,760 --> 00:21:35,119 Speaker 2: for those schools. There's a second thread brought by the 415 00:21:35,200 --> 00:21:39,000 Speaker 2: National Labor Relations Board, where the National Labor Relations Board 416 00:21:39,040 --> 00:21:43,159 Speaker 2: is claiming student athletes are employees within the meaning of 417 00:21:43,280 --> 00:21:46,800 Speaker 2: National Labor Relations Act and therefore should be entitled to 418 00:21:47,000 --> 00:21:52,240 Speaker 2: its benefits, namely the right to organize student athletes become 419 00:21:52,280 --> 00:21:54,480 Speaker 2: a union and football players say we're not going to 420 00:21:54,480 --> 00:21:58,960 Speaker 2: play on Saturdays, right to additional compensation. None of these 421 00:21:59,000 --> 00:22:02,440 Speaker 2: have been determined and yet at a high enough level 422 00:22:02,480 --> 00:22:05,240 Speaker 2: to make sense. But these are the threads that are 423 00:22:05,240 --> 00:22:07,720 Speaker 2: going on, and I should add that on the National 424 00:22:07,800 --> 00:22:13,159 Speaker 2: Labor Relations Board proceedings have to look at it that 425 00:22:12,000 --> 00:22:16,359 Speaker 2: there are schools which are exempt from the National Labor 426 00:22:16,400 --> 00:22:20,280 Speaker 2: Relations Act, namely a number of state universities and right 427 00:22:20,359 --> 00:22:23,840 Speaker 2: to work states. Alabama would be exempt from it, giving 428 00:22:23,880 --> 00:22:26,960 Speaker 2: it a competitive advantage because it doesn't have to spend 429 00:22:27,000 --> 00:22:31,000 Speaker 2: money in that way on student athletes, So you're going 430 00:22:31,080 --> 00:22:33,480 Speaker 2: to create more of an imbalance, You're going to create 431 00:22:33,640 --> 00:22:37,400 Speaker 2: more of a push towards, in my view, at least 432 00:22:37,440 --> 00:22:41,199 Speaker 2: the Power five, and a push away from all the 433 00:22:41,240 --> 00:22:44,399 Speaker 2: other schools. So it's a mess out there which could 434 00:22:44,480 --> 00:22:50,280 Speaker 2: threaten the very existence of the NCAA as an organization 435 00:22:50,560 --> 00:22:54,760 Speaker 2: and its member institutions for having an amateur way of 436 00:22:55,200 --> 00:22:57,320 Speaker 2: playing sports, and has. 437 00:22:57,280 --> 00:23:01,040 Speaker 5: Huge rafications also for if they are deemed employees. The 438 00:23:01,119 --> 00:23:05,760 Speaker 5: business model, the economic models of these universities absolutely scarlett. Yeah, 439 00:23:06,280 --> 00:23:06,800 Speaker 5: a huge can. 440 00:23:06,880 --> 00:23:09,480 Speaker 2: I mean, as I mentioned, under the fair labor standers 441 00:23:09,480 --> 00:23:13,280 Speaker 2: that you're talking about minimum of fifteen to twenty million 442 00:23:13,320 --> 00:23:16,760 Speaker 2: dollar hit annually on the budget that's not accounted for 443 00:23:16,840 --> 00:23:17,440 Speaker 2: at this point. 444 00:23:17,680 --> 00:23:21,399 Speaker 1: Marty Edle, co chair Gulston and Stores, Sports law practice, 445 00:23:21,400 --> 00:23:25,080 Speaker 1: professor of Law at Columbia University. You are the man, Marty. 446 00:23:25,119 --> 00:23:27,639 Speaker 1: Thank you for joining us on the Bloomberg Business of Sports. 447 00:23:27,920 --> 00:23:29,960 Speaker 2: It's been a pleasure being on. Thank you so much 448 00:23:30,000 --> 00:23:30,560 Speaker 2: for having me. 449 00:23:30,800 --> 00:23:33,520 Speaker 1: That's Gulston and Store's a law practice CoA chair an 450 00:23:33,560 --> 00:23:38,560 Speaker 1: adjunct law professor at Columbia University. Martin Addell up. Next, 451 00:23:39,880 --> 00:23:44,520 Speaker 1: we welcome and NFL legend Barry Sanders joins us next 452 00:23:44,760 --> 00:23:49,160 Speaker 1: on the Bloomberg Business of Sports from Bloomberg Radio around 453 00:23:49,200 --> 00:23:58,440 Speaker 1: the world. Thanks for joining us on the Bloomberg Business 454 00:23:58,480 --> 00:24:00,680 Speaker 1: of Sports show, where we explore the many issues in 455 00:24:00,720 --> 00:24:04,960 Speaker 1: the world of sports. I'm Michael Barr. Barry Sanders number 456 00:24:05,000 --> 00:24:07,399 Speaker 1: twenty is one of the best to ever do it. 457 00:24:07,520 --> 00:24:08,879 Speaker 1: Mitchell gets to Sanders. 458 00:24:09,040 --> 00:24:10,400 Speaker 7: Sanders's got some rooms out. 459 00:24:10,480 --> 00:24:20,080 Speaker 1: Great Barry Sanders inside the ten touchdown unbelievable. Any accelerate Now. 460 00:24:20,200 --> 00:24:22,639 Speaker 1: The Lions are enjoying one of their best seasons so 461 00:24:22,760 --> 00:24:27,320 Speaker 1: far with big old playoff expectations, and Barry has a 462 00:24:27,359 --> 00:24:30,040 Speaker 1: new documentary. He took the time to talk with me 463 00:24:30,480 --> 00:24:34,080 Speaker 1: for a very special conversation this week that Bloomberg US 464 00:24:34,160 --> 00:24:38,640 Speaker 1: sports reporter Randall Williams also listened in on. Let's hear 465 00:24:38,760 --> 00:24:42,280 Speaker 1: a little bit of that conversation. Now, I try very 466 00:24:42,320 --> 00:24:47,480 Speaker 1: hard to stay cool, calm and collect it for Oh 467 00:24:47,600 --> 00:24:54,000 Speaker 1: we got Barry Sanders here. Welcome Sern in a Bloomberg 468 00:24:54,119 --> 00:24:55,480 Speaker 1: Business and Sports. 469 00:24:55,840 --> 00:24:57,720 Speaker 3: It's great to be here. I'm excited to talk to 470 00:24:57,760 --> 00:24:58,080 Speaker 3: you too. 471 00:24:58,119 --> 00:25:02,359 Speaker 1: Man oh man. Now let's talk about I want to 472 00:25:02,359 --> 00:25:05,600 Speaker 1: get right into why You're here because you have the 473 00:25:05,680 --> 00:25:09,439 Speaker 1: documentary coming out about you, Bye Bye Berry on Amazon, 474 00:25:10,080 --> 00:25:14,800 Speaker 1: and it goes into the reasons about your retirement. Now, 475 00:25:14,800 --> 00:25:17,399 Speaker 1: I'm not going to ask the stupid question about, gee, 476 00:25:17,400 --> 00:25:19,520 Speaker 1: why did you retire? But I am going to ask 477 00:25:19,520 --> 00:25:22,639 Speaker 1: the question this way. Is the reason why you retired 478 00:25:22,720 --> 00:25:23,680 Speaker 1: in the documentary? 479 00:25:23,960 --> 00:25:27,640 Speaker 3: I believe, yes, that question is certainly answered in the documentary. 480 00:25:28,119 --> 00:25:30,760 Speaker 3: I think it covers a lot. I mean, it's amazing 481 00:25:31,440 --> 00:25:33,400 Speaker 3: looking at some of the footage. I don't know where 482 00:25:33,400 --> 00:25:35,440 Speaker 3: they got some of the stuff, and you know, they 483 00:25:35,480 --> 00:25:38,800 Speaker 3: go back pretty far, but they certainly cover my NFL 484 00:25:38,880 --> 00:25:43,840 Speaker 3: career and from the first day to the last. So yes, 485 00:25:44,080 --> 00:25:46,880 Speaker 3: I think that that question is certainly answered. 486 00:25:47,119 --> 00:25:49,240 Speaker 8: Now, Barry, I have a question for you when it 487 00:25:49,280 --> 00:25:52,360 Speaker 8: comes to the timing of this documentary. When you think 488 00:25:52,400 --> 00:25:54,320 Speaker 8: about you could have done this at any point in time. 489 00:25:54,720 --> 00:25:57,719 Speaker 8: NFL fans have wondered why you hung your PLISA for 490 00:25:57,760 --> 00:26:00,439 Speaker 8: so many years. Why was now the time you wanted 491 00:26:00,680 --> 00:26:01,879 Speaker 8: this documentary release. 492 00:26:02,160 --> 00:26:06,159 Speaker 3: I think for me it was just because you know, 493 00:26:06,240 --> 00:26:08,760 Speaker 3: a certain amount of time has passed, is being able 494 00:26:08,760 --> 00:26:12,560 Speaker 3: to reflect on it. Prime Video and NFL Network really 495 00:26:12,720 --> 00:26:15,600 Speaker 3: wanted to get behind it. You know and make it happen. 496 00:26:16,040 --> 00:26:20,560 Speaker 3: And so for me, I was just comfortable enough to 497 00:26:20,640 --> 00:26:24,000 Speaker 3: sit down really talk about it and put all the 498 00:26:24,040 --> 00:26:26,280 Speaker 3: work into it that was required to be able to 499 00:26:26,320 --> 00:26:29,199 Speaker 3: make it happen, you know. I mean they shot at 500 00:26:29,280 --> 00:26:34,479 Speaker 3: so many different locations and talked to so many different people, 501 00:26:34,680 --> 00:26:38,159 Speaker 3: but so really just logistically being able to bring all 502 00:26:38,200 --> 00:26:41,879 Speaker 3: those things together the time, it was just right, you know, 503 00:26:42,040 --> 00:26:43,400 Speaker 3: sort of here and now. 504 00:26:43,800 --> 00:26:45,879 Speaker 1: Yeah, I want to add a little color because, like 505 00:26:45,880 --> 00:26:48,240 Speaker 1: I said, I was born and raised in Detroit, and 506 00:26:48,600 --> 00:26:51,840 Speaker 1: there used to be a mural of you buy the 507 00:26:51,880 --> 00:26:54,439 Speaker 1: bus stop, I mean huge on the side of a 508 00:26:54,440 --> 00:26:58,600 Speaker 1: building and there you are, number twenty Barry Sanders, and 509 00:26:58,640 --> 00:27:00,920 Speaker 1: I used to look at that and I think, man, 510 00:27:01,640 --> 00:27:07,439 Speaker 1: he's our on our team, and you had such let 511 00:27:07,480 --> 00:27:09,800 Speaker 1: me put it this way, a grip on the city. 512 00:27:09,840 --> 00:27:12,360 Speaker 1: People adored you. What was that? 513 00:27:12,520 --> 00:27:12,600 Speaker 3: Like? 514 00:27:12,680 --> 00:27:15,280 Speaker 1: I mean, I know that sounds you know, it's like, oh, Mike, 515 00:27:15,320 --> 00:27:17,760 Speaker 1: what kind of question was that? But it's true. I 516 00:27:17,760 --> 00:27:20,480 Speaker 1: mean people adored you in Detroit. 517 00:27:20,640 --> 00:27:22,880 Speaker 3: For one, I love that mural. That was just kind 518 00:27:22,880 --> 00:27:27,240 Speaker 3: of sweet being downtown and seeing this huge image of 519 00:27:27,280 --> 00:27:29,480 Speaker 3: me on the side of the building. So that was 520 00:27:29,520 --> 00:27:32,840 Speaker 3: just kind of cool, you know. But but no, But 521 00:27:32,920 --> 00:27:35,320 Speaker 3: to answer your question, no, I love having that relationship 522 00:27:35,600 --> 00:27:39,000 Speaker 3: with the city of Detroit. You know, it's a unique 523 00:27:39,000 --> 00:27:41,680 Speaker 3: thing that happens. I mean, it didn't. It doesn't happen 524 00:27:41,680 --> 00:27:46,119 Speaker 3: by accident. And although I feel like we certainly didn't 525 00:27:46,119 --> 00:27:48,040 Speaker 3: reach all of our goals on the field, you know 526 00:27:48,080 --> 00:27:50,200 Speaker 3: a lot of fans feel like we have great memories 527 00:27:50,560 --> 00:27:54,720 Speaker 3: and times there at the Silver Dome, it happened organically, 528 00:27:54,920 --> 00:27:57,880 Speaker 3: you know. So, so yeah, I love having that relationship. 529 00:27:57,920 --> 00:28:01,280 Speaker 3: And you know, hey, this is a app truly serious 530 00:28:01,600 --> 00:28:05,119 Speaker 3: forts town. You know, they're mad about their Lions. You know, 531 00:28:05,240 --> 00:28:08,760 Speaker 3: they've always supported them, and so you know, so yeah, 532 00:28:08,840 --> 00:28:12,240 Speaker 3: so I really appreciate that and really value that relationship. 533 00:28:12,560 --> 00:28:15,199 Speaker 8: Barry, how crazy is it that the timing of this 534 00:28:15,359 --> 00:28:18,600 Speaker 8: documentary is also when the Lions are having their best 535 00:28:18,600 --> 00:28:22,920 Speaker 8: season since nineteen sixty That's incredible. I mean, franchise and 536 00:28:23,040 --> 00:28:27,880 Speaker 8: best player and an incredible season all in one. They're 537 00:28:27,960 --> 00:28:28,879 Speaker 8: better timing for this. 538 00:28:29,280 --> 00:28:32,280 Speaker 3: Oh No, that's amazing. I mean just the synergy there 539 00:28:32,920 --> 00:28:36,760 Speaker 3: is awesome. And uh, you know, I mean we as 540 00:28:36,800 --> 00:28:41,640 Speaker 3: Lions fans, obviously we've been we've been waiting for for 541 00:28:41,800 --> 00:28:44,400 Speaker 3: this kind of a season from the team. You know, 542 00:28:44,440 --> 00:28:47,920 Speaker 3: we've seen it building over time. I don't I don't 543 00:28:47,920 --> 00:28:51,000 Speaker 3: know how the two have happened to sort of core 544 00:28:51,080 --> 00:28:57,480 Speaker 3: inside in this way, you know, but but we're certainly 545 00:28:57,520 --> 00:29:00,760 Speaker 3: glad that it did and it has happened this way. 546 00:29:01,120 --> 00:29:04,560 Speaker 3: Whenever they hired those Campbell he came in with a plan, 547 00:29:04,640 --> 00:29:08,080 Speaker 3: with a vision. You know, he's to it, you know, 548 00:29:08,160 --> 00:29:12,000 Speaker 3: he and Brad Holmes, sheetah Ford, Chris Filman. I mean, 549 00:29:12,040 --> 00:29:14,800 Speaker 3: they've known from day one the kind of player they 550 00:29:14,800 --> 00:29:17,600 Speaker 3: want to have in the building, you know. And and 551 00:29:17,680 --> 00:29:22,080 Speaker 3: we've seen every year this team takes strides, you know, 552 00:29:22,200 --> 00:29:25,520 Speaker 3: and and and it's all sort of coming together this year. 553 00:29:25,800 --> 00:29:29,440 Speaker 1: Can you imagine if you had ni l when you 554 00:29:29,480 --> 00:29:34,440 Speaker 1: were playing back at Oklahoma State, I mean, you would 555 00:29:34,480 --> 00:29:36,920 Speaker 1: be off the chart right now. Forget about making the 556 00:29:36,920 --> 00:29:39,560 Speaker 1: money in the NFL. You'd have made the money back 557 00:29:39,560 --> 00:29:40,480 Speaker 1: at Oklahoma State. 558 00:29:40,680 --> 00:29:43,200 Speaker 3: Oh No, I'd be one of these kids that are 559 00:29:43,280 --> 00:29:46,360 Speaker 3: taking full advantage of like year six or seven playing 560 00:29:46,400 --> 00:29:54,760 Speaker 3: in college. Man. I mean, should have seen thousand years, 561 00:29:56,080 --> 00:29:58,320 Speaker 3: you know. So No, that's true though. I mean it's 562 00:29:58,360 --> 00:30:01,240 Speaker 3: great to see these kids being commonsated it. You know, 563 00:30:01,320 --> 00:30:04,360 Speaker 3: it's college football is still the greatest game out there. 564 00:30:04,640 --> 00:30:06,800 Speaker 3: You know. We've been having that conversation for how many 565 00:30:06,840 --> 00:30:09,920 Speaker 3: generations now, right about all the players being paid, you know, 566 00:30:10,040 --> 00:30:13,720 Speaker 3: and just hopefully hopefully they get what they you know, 567 00:30:13,800 --> 00:30:16,000 Speaker 3: they deserve. You know. It didn't camper with the game 568 00:30:16,080 --> 00:30:19,880 Speaker 3: too much, you know, but but better late than never. 569 00:30:19,960 --> 00:30:22,600 Speaker 3: So congratulations to all those guys. 570 00:30:22,440 --> 00:30:24,080 Speaker 8: Absolutely, And I want to I want to ask you 571 00:30:24,120 --> 00:30:26,120 Speaker 8: a little bit about the running back market in general. 572 00:30:26,200 --> 00:30:28,280 Speaker 8: It's changed so much since you were a player, and 573 00:30:28,280 --> 00:30:30,720 Speaker 8: now the running backs are having trouble getting paid. Have 574 00:30:30,840 --> 00:30:34,520 Speaker 8: you thought about any pathways to getting things back to 575 00:30:34,560 --> 00:30:37,480 Speaker 8: where they used to be and really advancing their salaries 576 00:30:37,480 --> 00:30:39,920 Speaker 8: so that you know, they can keep making money. 577 00:30:40,120 --> 00:30:42,440 Speaker 3: Oh yeah, I mean it's tough, you know, it's it's 578 00:30:43,400 --> 00:30:47,360 Speaker 3: interesting just to watch how the trend has sort of 579 00:30:47,400 --> 00:30:50,760 Speaker 3: happened over the last few years. I personally still think 580 00:30:50,840 --> 00:30:55,080 Speaker 3: that there's fantastic runners and running backs in the game 581 00:30:55,160 --> 00:30:58,520 Speaker 3: that that really impact the game that you need to win, 582 00:30:58,960 --> 00:31:02,160 Speaker 3: you know, and the business and you know, teams will uh, 583 00:31:02,440 --> 00:31:04,560 Speaker 3: you know, they're gonna they're going to put the money 584 00:31:04,560 --> 00:31:07,720 Speaker 3: where they feel like they get most worth. You know, 585 00:31:07,800 --> 00:31:10,400 Speaker 3: it's the passing orient a game, you know, and and 586 00:31:10,600 --> 00:31:12,680 Speaker 3: I don't know where this is gonna go over, you know, 587 00:31:12,720 --> 00:31:15,440 Speaker 3: in the next ten, twenty years or whatever, you know. 588 00:31:15,520 --> 00:31:18,240 Speaker 3: But I look at guys like Derrick Henry or guys 589 00:31:18,400 --> 00:31:22,320 Speaker 3: like Chris McCaffrey, Josh Jacobs or whoever, you know, I 590 00:31:22,360 --> 00:31:25,000 Speaker 3: still think they're guys from the running back position. Nick 591 00:31:25,000 --> 00:31:28,040 Speaker 3: at the Lions team this year, you know, they're well balanced, 592 00:31:28,560 --> 00:31:31,280 Speaker 3: they run the football, and so yeah, I just I 593 00:31:31,360 --> 00:31:33,760 Speaker 3: still feel like you can look at a lot of 594 00:31:33,760 --> 00:31:36,800 Speaker 3: teams and they need to be able to run the football. 595 00:31:37,440 --> 00:31:41,120 Speaker 3: Their best players are in the running back position, you know, 596 00:31:41,240 --> 00:31:42,800 Speaker 3: And I don't I don't know what you can do 597 00:31:43,160 --> 00:31:46,760 Speaker 3: really to to steer things in one direction or another. 598 00:31:47,360 --> 00:31:50,320 Speaker 3: Certainly there's been you know, historic quarterback play. You know, 599 00:31:50,400 --> 00:31:53,600 Speaker 3: you can't deny Patrick Mahomes and guys like that, you 600 00:31:53,640 --> 00:31:57,240 Speaker 3: know who phenomenal players and deserve everything that they that 601 00:31:57,320 --> 00:32:00,120 Speaker 3: they get. But not every team has that, And so 602 00:32:00,280 --> 00:32:02,880 Speaker 3: I still believe in most cases you need to be 603 00:32:02,920 --> 00:32:03,720 Speaker 3: a run the football. 604 00:32:03,920 --> 00:32:06,240 Speaker 1: I do want to bring up probably one of the 605 00:32:07,240 --> 00:32:10,640 Speaker 1: greatest events that ever happened at the old Pontiac Silver Dome. 606 00:32:10,720 --> 00:32:12,800 Speaker 1: God bless that place. I loved it. I was there, 607 00:32:12,840 --> 00:32:18,680 Speaker 1: I covered it, and that was the nineteen NFC playoff 608 00:32:18,760 --> 00:32:20,920 Speaker 1: game the Lions. 609 00:32:21,160 --> 00:32:22,640 Speaker 7: Yeah, right, man, I. 610 00:32:22,720 --> 00:32:27,560 Speaker 1: Was there, Lions against the Dallas Cowboys and the Lions 611 00:32:27,560 --> 00:32:30,320 Speaker 1: beat the living snot out of the Cowboys. And that 612 00:32:30,480 --> 00:32:33,760 Speaker 1: is at the time when you had Barry Sanders and 613 00:32:33,840 --> 00:32:35,840 Speaker 1: I think you had Emmitt Smith. I mean, are you 614 00:32:35,920 --> 00:32:40,680 Speaker 1: looking at this. You had a confluence of brilliant running 615 00:32:40,760 --> 00:32:44,120 Speaker 1: backs in this game, Barry. Do you miss the old 616 00:32:44,160 --> 00:32:44,760 Speaker 1: Silver Dome? 617 00:32:44,960 --> 00:32:45,120 Speaker 2: Oh? 618 00:32:45,120 --> 00:32:49,360 Speaker 3: Absolutely absolutely. I mean, you know you mentioned that that 619 00:32:49,480 --> 00:32:53,600 Speaker 3: game and you think about just you think about all 620 00:32:53,640 --> 00:32:55,960 Speaker 3: the elements involved in it, the Cowboys to go on 621 00:32:56,000 --> 00:32:59,040 Speaker 3: to win with three Super Bowls, Yeah, in the next 622 00:32:59,600 --> 00:33:02,600 Speaker 3: four years, four or five years, you know, and that 623 00:33:02,720 --> 00:33:05,720 Speaker 3: was our last playoff win. That play It was rocking 624 00:33:05,800 --> 00:33:09,840 Speaker 3: that day for sure, and I know we were excited 625 00:33:10,160 --> 00:33:14,920 Speaker 3: and uh and highly motivated. The fans came out in 626 00:33:14,960 --> 00:33:18,360 Speaker 3: such a major way, you know, that day. And but 627 00:33:18,360 --> 00:33:21,160 Speaker 3: to answer your question, yes, I mean I'm always get 628 00:33:21,160 --> 00:33:23,560 Speaker 3: a chance, you know, here and there, just to be 629 00:33:23,640 --> 00:33:26,080 Speaker 3: reminded from different fans about the Silver Dome, you know, 630 00:33:26,160 --> 00:33:28,760 Speaker 3: and it certainly has holds a lot of special memories 631 00:33:28,760 --> 00:33:28,960 Speaker 3: for me. 632 00:33:29,360 --> 00:33:32,720 Speaker 1: Yeah, the old Silver Dome went down like the heart 633 00:33:33,160 --> 00:33:36,560 Speaker 1: of all the Lions fans, tough as nails because they 634 00:33:36,600 --> 00:33:38,840 Speaker 1: tried to blow it up the first time, nothing else. 635 00:33:39,560 --> 00:33:41,680 Speaker 1: Then they tried to blow it up the second time, 636 00:33:42,160 --> 00:33:45,240 Speaker 1: and the Silver Dome says that all you got, and 637 00:33:45,280 --> 00:33:48,640 Speaker 1: it finally took a third blast to bring it down. 638 00:33:48,960 --> 00:33:51,239 Speaker 1: And I was proud of that place. That was. That 639 00:33:51,360 --> 00:33:52,160 Speaker 1: was a lot of fun. 640 00:33:52,360 --> 00:33:55,160 Speaker 3: Yeah, that was the only home I knew, absolutely, so 641 00:33:55,480 --> 00:33:59,360 Speaker 3: fond memories. You know. It would have been nice to 642 00:33:59,520 --> 00:34:02,200 Speaker 3: have a few more playoff wins, and I think hopefully 643 00:34:02,240 --> 00:34:05,320 Speaker 3: this this year's team, will you know, make up for 644 00:34:05,400 --> 00:34:07,880 Speaker 3: lost time, so to speak. So I think that's where 645 00:34:07,920 --> 00:34:08,200 Speaker 3: we are. 646 00:34:08,520 --> 00:34:10,840 Speaker 8: Very one more before you go, uh, give us your 647 00:34:10,840 --> 00:34:11,560 Speaker 8: super Bowl prediction. 648 00:34:11,600 --> 00:34:14,319 Speaker 3: You mentioned the playoffs super Bowl predictions. I mean, how 649 00:34:14,320 --> 00:34:18,400 Speaker 3: about how about a rematch of the first game of 650 00:34:18,440 --> 00:34:21,839 Speaker 3: the season Lions Chiefs? Why not? Why not that? 651 00:34:21,920 --> 00:34:22,440 Speaker 2: Okay? 652 00:34:22,640 --> 00:34:24,759 Speaker 3: You know, why not? When I I'm there in. 653 00:34:24,800 --> 00:34:27,640 Speaker 1: Vegas, I like this man's thinking all the time. 654 00:34:32,040 --> 00:34:34,680 Speaker 8: I appreciate your time today, Mary oh Man. 655 00:34:34,880 --> 00:34:36,759 Speaker 1: Very good. By the way, really quick, do you have 656 00:34:36,880 --> 00:34:40,719 Speaker 1: still have the the Ram dealership? Is that still? Yes? 657 00:34:40,800 --> 00:34:43,480 Speaker 3: You have? You have dealership in Oklahoma and still Water. 658 00:34:43,880 --> 00:34:47,799 Speaker 1: Very good, very good. It's you know, expassing, no no problem, man. 659 00:34:47,840 --> 00:34:51,000 Speaker 1: It's like in the in the footsteps of mel far See. 660 00:34:51,000 --> 00:34:53,560 Speaker 1: I got to bring that up because Phil Farr, who 661 00:34:53,600 --> 00:34:56,520 Speaker 1: played for the Lions even years ago, back when it 662 00:34:56,560 --> 00:34:59,600 Speaker 1: was at the old Tiger Stadium. Uh, he owned the 663 00:34:59,600 --> 00:35:01,919 Speaker 1: dealers it was. See I'm sorry, I'm good. 664 00:35:02,000 --> 00:35:04,759 Speaker 3: Yeah, yeah, he owned many. He own mini dealerships for sure. Yeah, yeah, 665 00:35:04,800 --> 00:35:07,439 Speaker 3: I got a chance of no mail. Very well, great guy, 666 00:35:07,560 --> 00:35:12,920 Speaker 3: great Lions player and also you know, wonderful successful card dealer, 667 00:35:13,120 --> 00:35:15,480 Speaker 3: you know so. But yeah, yeah, I'm still still in 668 00:35:15,600 --> 00:35:18,640 Speaker 3: visits with Oklahoma and looking at looking at actually expanding 669 00:35:18,680 --> 00:35:21,680 Speaker 3: even so. Now, great, great deal with you guys. Okay, 670 00:35:21,680 --> 00:35:22,680 Speaker 3: thank you very much. 671 00:35:22,680 --> 00:35:26,440 Speaker 1: We appreciate it. That's Barry Sanders in a very special 672 00:35:26,520 --> 00:35:30,800 Speaker 1: conversation here on the Bloomberg Business of Sports special Thanks 673 00:35:30,840 --> 00:35:34,800 Speaker 1: to him and also to Bloomberg US sports business reporter 674 00:35:35,280 --> 00:35:38,960 Speaker 1: Randall Williams. Have you missed any of that conversation. It's 675 00:35:39,000 --> 00:35:43,040 Speaker 1: on demand now on the Bloomberg Business of Sports podcast. 676 00:35:43,320 --> 00:35:46,200 Speaker 1: Find that on Apple, Spotify and anywhere else you get 677 00:35:46,239 --> 00:35:50,520 Speaker 1: your podcast. Another story we've been tracking this week, there's chatter. 678 00:35:50,920 --> 00:35:53,680 Speaker 1: Ken Griffin is in talks to buy a minority stake 679 00:35:53,680 --> 00:35:56,320 Speaker 1: in the Miami Dolphins, and he's got the bucks. Griffin 680 00:35:56,400 --> 00:35:59,560 Speaker 1: is worth thirty six billion dollars according to the Bloomberg 681 00:35:59,600 --> 00:36:02,800 Speaker 1: Billionaire Index. Last year he moved his family and his 682 00:36:02,880 --> 00:36:06,560 Speaker 1: Citadel Financial Empire to Miami, and not too long ago, 683 00:36:06,680 --> 00:36:11,360 Speaker 1: in the conversation with Bloomberg's Sonali Bassik, he said he's 684 00:36:11,440 --> 00:36:15,239 Speaker 1: betting big old Miami becoming a major financial hub. 685 00:36:15,880 --> 00:36:20,680 Speaker 9: New York is the financial capital of America today and 686 00:36:20,719 --> 00:36:24,120 Speaker 9: it's New York's to lose now. Having said that, Miami, 687 00:36:24,480 --> 00:36:26,360 Speaker 9: I think represents the future of America. 688 00:36:27,000 --> 00:36:29,960 Speaker 1: That's Ken Griffin speaking on stage to Bloomberg's and Only 689 00:36:30,000 --> 00:36:34,040 Speaker 1: Basic at his firm's first Global Macro conference in Miami. 690 00:36:34,160 --> 00:36:37,000 Speaker 1: You can listen to that full conversation online now on 691 00:36:37,080 --> 00:36:40,480 Speaker 1: the Bloomberg Talks podcast. Dolphins owner Stephen Ross is said 692 00:36:40,480 --> 00:36:42,719 Speaker 1: to be discussing selling part of the team, along with 693 00:36:42,840 --> 00:36:45,319 Speaker 1: Steak in the hard Rock Stadium and the F one 694 00:36:45,400 --> 00:36:49,280 Speaker 1: Miami Grand pri to Griffin, Ross, a billionaire real estate developer, 695 00:36:49,480 --> 00:36:52,279 Speaker 1: paid a billion dollars for ninety five percent of the 696 00:36:52,360 --> 00:36:56,480 Speaker 1: NFL franchise in two thousand and nine, and that's a 697 00:36:56,560 --> 00:36:59,239 Speaker 1: story we will be tracking for you here at Bloomberg. 698 00:36:59,640 --> 00:37:03,080 Speaker 1: This is the Bloomberg Business of Sports show. We're here 699 00:37:03,120 --> 00:37:05,320 Speaker 1: each and every week at the same time, plus online 700 00:37:05,320 --> 00:37:08,400 Speaker 1: wherever you get your podcasts. I'm Michael Barr on X 701 00:37:08,480 --> 00:37:12,440 Speaker 1: at Big Bar Sports and follow my colleague Scarlett Foo 702 00:37:12,560 --> 00:37:16,719 Speaker 1: and Damien Sassaur. Scarlet's on X at Scarlett Foo and 703 00:37:16,800 --> 00:37:20,040 Speaker 1: Damien is on X at d Sasaur. Thank you again 704 00:37:20,080 --> 00:37:22,120 Speaker 1: for joining us. Tune in again next week for the 705 00:37:22,200 --> 00:37:25,160 Speaker 1: latest on the stories moving big money in the world 706 00:37:25,160 --> 00:37:28,360 Speaker 1: of sports. You are listening to Bloomberg Business of Sports 707 00:37:28,360 --> 00:37:30,720 Speaker 1: from Bloomberg Radio around the world.