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Speaker 1: Hello, I'm Evan, Novie Williams, and I'm Michael barn. This

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Speaker 1: is the Bloomberg Business of Sports podcast where we explore

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Speaker 1: the big money issues in the world of sports, and

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Speaker 1: today we are joined by special guest host Jason Kelly.

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Speaker 1: Oh yeah, who is with us for the whole week Jason,

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Speaker 1: Welcome to the show. Virtual bro Hugs all around. I'm

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Speaker 1: so excited to be here with you guys. Longtime listener,

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Speaker 1: first time special guest host. This is cool. I listen

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Speaker 1: to you guys every weekend, and I'm obsessed with these topics.

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Speaker 1: So I just I can't wait to get into it.

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Speaker 1: Weld In, and let's get into it. There we go.

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Speaker 1: All right, let's get on with the podcast, and let's

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Speaker 1: talk about the Miami Dolphins and CEO Tom Garfinkel revealing

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Speaker 1: possible changes to this stadium that would help people adhere

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Speaker 1: to social distancing guidelines. Evan, how are they doing that? Yeah, guys,

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Speaker 1: the big question on everybody's mind when live sports come back,

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Speaker 1: what do they look like? When you know we might

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Speaker 1: be ready to have fans in stadiums, and the Dolphins are,

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Speaker 1: to my knowledge, the first you know, major US pro

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Speaker 1: sports team to say Oh, this is what we're looking about.

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Speaker 1: This is this is what it might look like, and

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Speaker 1: it includes you know, six foot you know, markings on

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Speaker 1: the pavement leading into each turnstyle giving people specific times

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Speaker 1: for when they should be checking in so you don't

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Speaker 1: get this huge crush getting to the gates all At

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Speaker 1: the same time, he also mentioned you know, specific ways

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Speaker 1: of exiting in which you know, you go row by row,

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Speaker 1: he said, similar to what you do in church. So

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Speaker 1: again it's not this massive crunch going in and out. Jason,

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Speaker 1: this feels like a lot of a lot of new

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Speaker 1: rules restrictions for sports fans. You know, my big question

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Speaker 1: when I look at what the Dolphins are planning, and

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Speaker 1: certainly and talking to other teams about what they may

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Speaker 1: be thinking about as well, is how much kind of

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Speaker 1: extra coordination is too much for your average sports fan. Yeah,

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Speaker 1: I mean I read this was such fascination Evan and

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Speaker 1: Michael because for a couple of reasons. I mean, first is,

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Speaker 1: somebody's got to be the first to figure this out,

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Speaker 1: and there's gonna be a te blitzet and everybody's going

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Speaker 1: to have their variations on it. One of the things

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Speaker 1: I was fascinated about because We're talking about this every

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Speaker 1: day with our own workplaces, right like, how are we

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Speaker 1: going to get in and out? Is they're gonna be testing,

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Speaker 1: especially in a place like New York City where the

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Speaker 1: three of us normally work and go into a big

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Speaker 1: office and a big, busy city. It does strike me

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Speaker 1: one of the interesting things about the Dolphins being on

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Speaker 1: the front end of this. Their owner Stephen Ross, big

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Speaker 1: commercial real estate guy. You know that he's thinking about

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Speaker 1: this across his office buildings, his retail shops. Ultimately they

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Speaker 1: own Equinox, So they're thinking about all of these things.

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Speaker 1: Steven Ross and related companies are, and so I wonder

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Speaker 1: how much they're bringing into this that is going to

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Speaker 1: dictate not just what we do as sports fans, but elsewhere.

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Speaker 1: I also am fascinated by the idea that this is

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Speaker 1: happening in Florida, and there's been a lot written, some critically,

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Speaker 1: some positively about how Florida, the state has handled this,

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Speaker 1: and I do feel like lots of people are gonna

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Speaker 1: be looking to that part of the country for cueues

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Speaker 1: on on how we go forward here. Yeah, I think

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Speaker 1: that's a really interesting point. Going back to the first

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Speaker 1: thing you said, you know, Michael Barr. One of the

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Speaker 1: things that that reading this made me think of. I

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Speaker 1: don't know if either of you have seen the photos

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Speaker 1: of you know, mock ups for what casino tables may

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Speaker 1: look like when casinos reopen and they have you know,

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Speaker 1: it's full, you know, clear glass or clear plastic partitions.

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Speaker 1: Everybody looks like they're sitting in their own essentially little pod.

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Speaker 1: You know, you can't. You know, there's glass between each

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Speaker 1: of each of you, between you and the dealer, you

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Speaker 1: and the table. Um. You know, it's certainly feels as though,

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Speaker 1: you know, sporting events like going to casino, in my mind,

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Speaker 1: are very social events. You know, you're you're going and

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Speaker 1: you're you're buying beer with your friends and you're going

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Speaker 1: to you know, get your kid a T shirt or

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Speaker 1: a hot dog. You know that there's so much about

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Speaker 1: the the ancillary spending at events as well. Um and Michael,

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Speaker 1: I I guess I I again, I'll ask you as well.

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Speaker 1: You know how much if if all the rules are

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Speaker 1: in place, you have to check in two hours before

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Speaker 1: game time, specifically because that's when your row is voting

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Speaker 1: and you can't be near you know, the people on

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Speaker 1: the other side because they have to be six feet away.

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Speaker 1: And you know you can't go to a you have

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Speaker 1: to go to a specific bathroom at a specific time,

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Speaker 1: and and you can't go to get food has to

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Speaker 1: be delivered to you. At what point is there just

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Speaker 1: too much for your average fan to come through? Right

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Speaker 1: when you started the first part of your sentence, right

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Speaker 1: from the subject, verb and predicate. Look, and I'm in

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Speaker 1: my home. I can watch it on TV. I can

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Speaker 1: go to the bathroom whenever I want to. I can

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Speaker 1: eat whatever I want, I can drink whatever I want

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Speaker 1: right there on my couch. Now I'm being told that

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Speaker 1: I got to deal with this experience, which brings me

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Speaker 1: to the next point. Hard Rock Stadium can hold six

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Speaker 1: fans for a football game. The Dolphins are saying, well,

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Speaker 1: it might be down to fifteen thousand fans next season.

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Speaker 1: That's not a lot. But I'm wondering are they going

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Speaker 1: to raise the ticket prices to help make up for that.

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Speaker 1: I would just want your thought. It's a it's a

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Speaker 1: great question, and you know one of the big problem

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Speaker 1: that sports teams always have. And Jason, actually, before we

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Speaker 1: move on, I want to get your thoughts on this too. Um,

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Speaker 1: how do you price your tickets right, because you want

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Speaker 1: to have a select few people in there that have

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Speaker 1: the means and are able to pay a lot of

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Speaker 1: money for really sweet access. And you also don't want

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Speaker 1: to price out, you know, maybe your lower income fans

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Speaker 1: who maybe save up a lot of money to get

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Speaker 1: to one game a year. That's a very different calculus

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Speaker 1: when you're letting sixty people into your stadium than when

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Speaker 1: you're letting in And and as you said, Michael, because

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Speaker 1: revenue is so tight right now, there's going to be

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Speaker 1: pressure I think on these teams to to cater that

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Speaker 1: fifteen thousand person experience to the people who can pay

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Speaker 1: the most. And I would hope that they are going

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Speaker 1: to figure out some ways to maybe try to keep

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Speaker 1: the balance of really expensive ticket prices and affordable ticket

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Speaker 1: prices as opposed to just going to the you know,

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Speaker 1: the most expensive fans. Yeah, I mean, I think that

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Speaker 1: raises such a fascinating point about the broader epidemic here.

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Speaker 1: The broader pandemic, I should say, which is, you know,

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Speaker 1: we're revealing all of this about haves and have nots,

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Speaker 1: and listen, hasn't have not have been something that any

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Speaker 1: of us have gone who have gone to a sporting event.

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Speaker 1: We are very very well aware of that, you know,

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Speaker 1: all the money that's poured into sweets, all the money

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Speaker 1: that's poured into high priced, high level experience versus the

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Speaker 1: average person, the average family that's really been priced out

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Speaker 1: of this in many ways. And the way that I

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Speaker 1: read this, at least, it feels like it takes out

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Speaker 1: some of the really that some of the most fun

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Speaker 1: parts about this. You can't I have a hard time

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Speaker 1: imagining a really robust tailgating situation. I mean, I'm thinking

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Speaker 1: about going to a game at you know, a MetLife

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Speaker 1: and I know we're gonna talk about colleges in a second,

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Speaker 1: but and that's a whole other issue. But you know,

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Speaker 1: this whole sort of common fandom that I think Michael

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Speaker 1: is alluding to in this notion of if somebody scores

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Speaker 1: a touchdown, can't high five your neighbor. You know, it's

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Speaker 1: like you're you're like, what are you doing, like making

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Speaker 1: a sign through the plexiglass, Like I don't even know

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Speaker 1: what that looks like, if you know, And it seems

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Speaker 1: to take away so much of what we care about

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Speaker 1: as fans, And like you said, the economics have just

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Speaker 1: got to be completely upside down here, and I don't

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Speaker 1: think people want to do a joyous thing, which I

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Speaker 1: think going to a supporting event is if they're scared.

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Speaker 1: And that's what it comes down to for me. Yeah,

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Speaker 1: and all the sports teams, you know, and all the

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Speaker 1: leagues are thinking about all this stuff right now. The

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Speaker 1: NFL has a little bit of an advantage and that

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Speaker 1: they start later. Their stadiums are outdoors, which from folks

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Speaker 1: I talked to is it could potentially be a massive

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Speaker 1: difference now that I think this calculus of what your

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Speaker 1: arena looks like is a little different if it's an

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Speaker 1: indoor facility versus as opposed as opposed to you know,

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Speaker 1: a big outdoor, outdoor football stadium. Uh. Let's talk about

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Speaker 1: college and we're starting to see universities putting together preliminary

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Speaker 1: plans to ensure that they will be open this fall.

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Speaker 1: And uh, Evan, I'm sure that a lot of online

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Speaker 1: betting sites in Las Vegas are saying, please open mus

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Speaker 1: have a college football season as a lot of money

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Speaker 1: in that. Absolutely sports of sports fans as well in general,

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Speaker 1: I mean the college We haven't talked that much on

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Speaker 1: the show about the college sports and specifically the college

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Speaker 1: football world, but you know the entire you know, elite

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Speaker 1: college football, you know, coaches, athletic directors, everyone has drawn

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Speaker 1: a line in this stand and said we cannot have

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Speaker 1: college football in the fall if students are not on campus.

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Speaker 1: And if if they had said otherwise, I think they

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Speaker 1: would have been a whole ball of problems. But that

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Speaker 1: raises the stakes for what it takes to get college

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Speaker 1: football on campuses in the fall. You know, the NFL

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Speaker 1: teams don't have you know, a twenty thousand person community

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Speaker 1: that needs to be up and active before they can

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Speaker 1: host games at hard Rock Stadium in September. Colleges do.

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Speaker 1: To my knowledge, I don't have an exhaustive count. It

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Speaker 1: seems like over twenty of the of the big time

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Speaker 1: Power five college football schools have all announced their plans

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Speaker 1: uh for reopening. But definitely, Jason, you know there there

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Speaker 1: is a lot more that's going to go into getting

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Speaker 1: the college football season off the ground. Then there will

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Speaker 1: be in l off the ground. Well, I have to say,

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Speaker 1: this is a story I've been similarly obsessed with, in

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Speaker 1: part because I grew up down South and you know,

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Speaker 1: SEC country, and every weekend when you live down South,

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Speaker 1: and probably in the Midwest as well, is completely built

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Speaker 1: around college football. And and so I have a hard

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Speaker 1: time imagining what autumn in the South looks like without

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Speaker 1: college football. So I'll start there. I mean, also from

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Speaker 1: a very parochial perspective, I think about the idea of

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Speaker 1: college campuses because I've got a junior in high school

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Speaker 1: who's like looking at schools and trying to figure all

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Speaker 1: of that out. And and also know a lot of folks,

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Speaker 1: you know, just here in my neighborhood in New York,

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Speaker 1: whose kids are either starting college or may or may

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Speaker 1: not be going back to college. This is the number

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Speaker 1: one issue for so many people, and I think so

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Speaker 1: many people listening to us right now. It's a safety question,

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Speaker 1: but it's also a huge question of economics for the schools.

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Speaker 1: And I wonder what you guys make of this notion

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Speaker 1: that it's one thing to think about the overall economics

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Speaker 1: of an academic institution, but it also I think bears

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Speaker 1: repeating or reminding folks that so much of the athletic

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Speaker 1: budget for so many of these schools comes from college football,

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Speaker 1: especially these big time schools, right without a question. Yeah,

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Speaker 1: And and and this is the kind of the big calculus

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Speaker 1: that a lot of people are trying to figure out.

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Speaker 1: And and when we talk about higher education, there's so

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Speaker 1: many other economic forces going on right now. I understand

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Speaker 1: that there are some undergrads who are maybe suing colleges

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Speaker 1: because the colleges aren't fulfilling on on what they thought

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Speaker 1: that the experience that they were paying for was. I

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Speaker 1: think there's a there's a whole world of her associated

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Speaker 1: right now with with colleges trying to get things off

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Speaker 1: the ground. So college football is a piece of but

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Speaker 1: not the only kind of piece of why they feel,

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Speaker 1: you know, tremendous pressure I think, to get things back

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Speaker 1: to some semblance of normalcy in September. Uh. And one

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Speaker 1: other thing on these on these college football stadiums. You know,

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Speaker 1: we just talked about an NFL stadium. Um, I haven't

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Speaker 1: been to that many, but the ones I've been to,

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Speaker 1: they're not built often in the same way that your

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Speaker 1: your NFL stadiums are. You know, if sweets are now okay,

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Speaker 1: and those are areas in your stadium that are probably

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Speaker 1: good for large groups too, not large groups, but groups

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Speaker 1: to buy into. If you've been to the big house

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Speaker 1: in Michigan. There's no there's no sweets. It is uh,

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Speaker 1: it is essentially just bleachers all the way up for

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Speaker 1: a hundred and twenty screaming fans. It's a lot harder

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Speaker 1: to retrofit a lot of these stadiums, um to to

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Speaker 1: whatever it is that that that being at a game

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Speaker 1: may look like. If it's you know, a hundred or

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Speaker 1: a hundred and fifty little ten person pods, whatever those

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Speaker 1: things look like, it's a lot harder a to retrofit

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Speaker 1: a lot of these stadiums. And two, as you said, Jason,

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Speaker 1: the money just isn't that you know, these aren't there

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Speaker 1: aren't as well capitalized as you know an NFL team

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Speaker 1: would be. They don't have access to the capital in

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Speaker 1: the in the same kind of way. So you know,

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Speaker 1: no question, there are a lot of forces here that

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Speaker 1: that Michael Barr, a lot of forces here that I

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Speaker 1: think are going to change. You know a lot of

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Speaker 1: people are grouping NFL and college football together as well

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Speaker 1: they happen well, they and there's actually I think a

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Speaker 1: pretty big difference here that we may see. Well he

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Speaker 1: been credit to my brother in law for asking this

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Speaker 1: question yesterday, and I said, that's a good question. I

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Speaker 1: don't know that. He asked, well, if you don't have

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Speaker 1: a college football season, then how do the people in

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Speaker 1: the NFL approached the draft for the next season. Do

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Speaker 1: you have to go by having a special combine or

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Speaker 1: or what happens? But when he said it, I'm like, well,

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Speaker 1: that's a good question. I I don't know. I have

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Speaker 1: spoken to some people who believe that if college football

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Speaker 1: can't happen in the fall, there will be a massive

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Speaker 1: push to have it in the spring. And I don't

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Speaker 1: know what that looks like for for having it again

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Speaker 1: the in the fall the following year. I don't know

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Speaker 1: if it's an abridged spring season leading into the fall. Um.

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Speaker 1: But again, you know, as Jason mentioned, all that money

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Speaker 1: they're gonna have to get, they're gonna try to get

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Speaker 1: this in whatever way they can, and in the same

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Speaker 1: way that you know, the NBA may be open to

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Speaker 1: delaying the start of its next season to get this

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Speaker 1: one in, and the NHL may do the same, and

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Speaker 1: maybe League Baseball will do the same. I think they're

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Speaker 1: gonna be willing to be as flexible with this upcoming

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Speaker 1: season as possible so that they can get it in

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Speaker 1: period and if that means maybe disrupting delaying the back

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Speaker 1: end of the following season, I think they're gonna be

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Speaker 1: gonna be willing to do that. I have one more

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Speaker 1: thing on this, which is I also having been to

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Speaker 1: a lot of college football games over the course of

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Speaker 1: my more than probably I should care to admit. But um,

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Speaker 1: there's also a real, live economic ecosystem in so many

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Speaker 1: of these college towns that really relies so heavily on

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Speaker 1: game day. You know, you think about the tailgating, which

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Speaker 1: we talked about ease of the the NFL on a

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Speaker 1: big weekend in Athens, Georgia, or Clemson, South Carolina or Tuscaloosa. Again,

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Speaker 1: I'm using all seven examples, but you're I mean, as

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Speaker 1: you said Evan earlier, you think about the big house.

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Speaker 1: You think about the economies of all these places, the

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Speaker 1: hotel rooms that are reserved. I mean this, there's a

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Speaker 1: knock on effect if you don't have of fans in

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Speaker 1: the seats, even if you managed to play the games

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Speaker 1: in some sort of quarantined or antiseptic way, having those

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Speaker 1: people not show up in a South Bend or elsewhere,

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Speaker 1: you know, has broad economic consequence. I think that is

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Speaker 1: I'm sure, someone can model it out, but it's a

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Speaker 1: little scary to think about. And finally, and I'm sorry,

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Speaker 1: you guys are going to get a rent from me

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Speaker 1: on this. And I expected decision from a judge in California.

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Speaker 1: He ruled in favor of the United States Soccer Federation

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Speaker 1: in the wage discrimination lawsuit brought by members of the

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Speaker 1: U S women's national team. Now, you guys are way

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Speaker 1: smarter in business than I am. But the last time

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Speaker 1: I checked, one is less than three, which is the

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Speaker 1: comparison that women's soccer players make compared every one dollar

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Speaker 1: to what a man earns every three dollars. And what

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Speaker 1: I do not understand in twenty twenty. And I'm sorry

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Speaker 1: if I'm starting to sound like Stephen A. Smith, But

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Speaker 1: if he, he would carry on even more than I would.

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Speaker 1: And I can't blame him. Why in the world does

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Speaker 1: this happen in twenty twenty, especially to the women's soccer team.

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Speaker 1: Michael A. Barr, I love it, um like can answer,

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Speaker 1: I can. I can answer part of that. And I

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Speaker 1: think the sentiment of what you're saying is is what

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Speaker 1: I want to actually talk about because the reason why

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Speaker 1: and we've talked about this on the show when this

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Speaker 1: lawsuit was originally filed. You know, the main thing that

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Speaker 1: the judge said in this ruling is that the men

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Speaker 1: and the women agreed, through separate collective bargaining agreements, to

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Speaker 1: two separate structures. And the men agreed to essentially a

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Speaker 1: very low or maybe even no base salary and a

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Speaker 1: lot of kind of per game bonuses, and the women

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Speaker 1: agreed to the opposite. They wanted the financial stability of

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Speaker 1: kind of a steady, you know, yearly contract and as

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Speaker 1: a result, you know, fewer bonuses, and you know, you

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Speaker 1: can talk about how big or small the discrepancy and

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Speaker 1: their pay was, and certainly the women's team and US

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Speaker 1: Soccer disagree on on how big that the spread is.

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Speaker 1: But the truth is that they agreed to two separate structures,

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Speaker 1: and this judge wanted to affirm that this was you know,

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Speaker 1: this was structures that were agreed to in in a

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Speaker 1: fair process. The thing that is more interesting to me, Michael,

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Speaker 1: and ties back to what you were saying, is that

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Speaker 1: I I feel like the women's team has already won

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Speaker 1: this lawsuit, whether you know, the judge ruled as he did,

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Speaker 1: or whether it got dragged out even further, they're probably

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Speaker 1: gonna appeal this decision. Who knows where that's going to go.

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Speaker 1: But in the court of public opinion, the man who

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Speaker 1: ran us soccer is out. The legal team is out.

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Speaker 1: They revised their filings. The sponsors were upset. Joe Biden

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Speaker 1: was tweeting about it. Jason, do you agree that in

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Speaker 1: some ways, whether this lawsuits succeeded or not, the point

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Speaker 1: was made and there's going to be changed happening. I

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Speaker 1: think you're right. I mean, I do think that the

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Speaker 1: the positive side of this, to use, uh Michael ours framing,

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Speaker 1: is that I don't think any reasonable person out there

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Speaker 1: I would say, oh no, they should. The men should

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Speaker 1: definitely be paid more, especially given and I think this

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Speaker 1: is one of the great ironies of of this lawsuit,

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Speaker 1: how terrible the men's team has been over the past

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Speaker 1: few years, and there is, as a side note, there

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Speaker 1: is this sort of weird thing that happened where them

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Speaker 1: being so terrible actually hurt the women's case, And that

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Speaker 1: was as I was reading into this, it was it

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Speaker 1: was really interesting to see that that the comparisons became

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Speaker 1: more difficult because the men missed the World Cup and

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Speaker 1: all of those things. That had I agree with you.

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Speaker 1: I mean, I think you have to put this in

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Speaker 1: the broader cultural context. I think you have to think

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Speaker 1: about times up. I think you have to think about

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Speaker 1: me too. And this came at a time and candidly

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Speaker 1: with a team and with several individuals, Megan Rapino obviously

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Speaker 1: being at the forefront, and I am interested to see

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Speaker 1: where she goes from here rhetorically right and whether she

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Speaker 1: sort of leans into exactly as they say, what your

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Speaker 1: pointing out, which is in the court of public opinion,

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Speaker 1: they've largely won, and if this legal opinion went against them,

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Speaker 1: does it ultimately matter. I would hate to see it.

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Speaker 1: To editorialize here for a second. I would hate to

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Speaker 1: see her and others sort of back down from this

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Speaker 1: or be in any way chastened, because I think you're right.

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Speaker 1: They've made the right They've got the right message up.

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Speaker 1: And there are still parts of this lawsuit that are

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Speaker 1: still going to move forward. From what I understand, the

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Speaker 1: two main ones left are kind of working in travel conditions.

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Speaker 1: The men's team travels, you know, in airfare and and

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Speaker 1: accommodations hotels that are that are much better than women's team.

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Speaker 1: That judge seemed to say that is not fair and

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Speaker 1: that that should continue. And the second one being kind

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Speaker 1: of training, access to training and medical support, which also

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Speaker 1: feels like something that should be fair regardless of of

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Speaker 1: kind of the contract and pay that that it was negotiated. Um,

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Speaker 1: Michael Barr, next time we see a big US soccer game,

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Speaker 1: most likely is going to be in the Olympics. You

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Speaker 1: know the women are are a big part of that.

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Speaker 1: And what kind of reception do you think, you know,

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Speaker 1: fans are gonna give. What do you think the kind

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Speaker 1: of conversation from a business standpoint around that team is

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Speaker 1: going to be If those games happen to Tokyo, people

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Speaker 1: are gonna be screaming. I mean, in fact, you can

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Speaker 1: hear me from the studio that I'm gonna be screaming

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Speaker 1: my and cheering for the team because you should not

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Speaker 1: have to put up with this this. This is a

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Speaker 1: little bit of emotional part now, and I'll keep it short.

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Speaker 1: My mother, God rest her soul. She was in the

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Speaker 1: Women's Army Corps during World War Two. My aunt was

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Speaker 1: also in the Women's Army Corps. My other aunt was

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Speaker 1: also in the Women's Army Corps. All three of those

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Speaker 1: sisters were in the Women's Army Corps and that's back

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Speaker 1: in the nineteen forties. And here we are and they

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Speaker 1: did all this work, put it Rosie the Riveter, all

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Speaker 1: of this going on, and it's twenty and we're still

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Speaker 1: dealing with this garbage. I do not understand it. I

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Speaker 1: think if there is any business out there, they will

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Speaker 1: be smart enough to attach to the women's soccer team

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Speaker 1: because of what you guys said, of all of the

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Speaker 1: press that they have gotten from this decision, and and

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Speaker 1: they'll make a boatload of money. Forgive me for putting

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Speaker 1: it that way, but it's true. This is this is unconsortable.

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Speaker 1: I think you're right there. And I had to put

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Speaker 1: a bowl on this. You know, I think you're right.

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Speaker 1: The market is going to dictate a lot of us.

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Speaker 1: Right if more sponsors want to, you know, participate in

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Speaker 1: the women's national soccer team, that means their pay is

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Speaker 1: going to go up. You know, there was a historic

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Speaker 1: labor agreement last year, you know with the w n

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Speaker 1: b A. There's the women's Professional Hockey League is expanding

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Speaker 1: up into Canada. Uh, there's a potential for kind of

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Speaker 1: a ground swell and maybe a shifting of support and

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Speaker 1: fan dollars more and more towards women's sports. And you know,

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Speaker 1: for folks out there who feel that way, that's the

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Speaker 1: best way to support the women's national team when they

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Speaker 1: play in your town, buy tickets, if they're on TV,

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Speaker 1: watch them. Those are the things that that that matter

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Speaker 1: probably more, especially in light of what happened last weekend,

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Speaker 1: more so than the lawsuits. I mean, I would add

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Speaker 1: one more thing, guys, which is that a lot of

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Speaker 1: this is going to come down to leadership of US Soccer, right.

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Speaker 1: I mean, you had people lose their jobs over this,

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Speaker 1: and Cindy Parlo Cone she's the new president. It's unclear

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Speaker 1: I think based on reporting whether she's going to stand

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Speaker 1: for re election next year. But you have a former

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Speaker 1: women's player at the top tier of this, and we

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Speaker 1: do know and this goes to your point, Michael, this

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Speaker 1: notion of leadership has to be bought into this. You know,

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Speaker 1: you have individual contributors a Megan Rapino, a player, a

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Speaker 1: live player, an active player, um, but ultimately the leadership

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Speaker 1: has to decide and we saw that that was where

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Speaker 1: this really broke down with US Soccer. Is the people

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Speaker 1: at the top just sort of didn't buy it now

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Speaker 1: that my blood pressure is up. This is the Bluebird

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Speaker 1: Businesses Sports podcast Michael Barr along with Jason Kelly and

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Speaker 1: Evan Nobi Williams. We're here each and every Monday, Wednesday

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Speaker 1: and Thursday exploring the world of money in sports. Join

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Speaker 1: us again. At the end of the week. We're speaking

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Speaker 1: with Jamie Regal, the CEO of Formula E, all about

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Speaker 1: the electric racing circuit and what they're doing in the

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Speaker 1: face of this pandemic. You're listening to Bloomberg Business of

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Speaker 1: Sports on Bloomberg Radio around the world and online wherever

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Speaker 1: you get your f