1 00:00:02,440 --> 00:00:05,080 Speaker 1: Hello, I'm Michael barn and I'm Scott Sasnik. On this 2 00:00:05,120 --> 00:00:07,720 Speaker 1: weekly podcast, we explore the big money issues in the 3 00:00:07,720 --> 00:00:09,680 Speaker 1: world of sports and talk to some of the biggest 4 00:00:09,680 --> 00:00:12,440 Speaker 1: players in the industry. On this week show, we have 5 00:00:12,640 --> 00:00:15,520 Speaker 1: part owner of the Vegas Golden Nights, Joe Malouf. But 6 00:00:15,600 --> 00:00:18,080 Speaker 1: first let's look at the top stories of the week. 7 00:00:18,160 --> 00:00:22,439 Speaker 1: Joining us is Bloomberg Business of Sports reporter Evan Noby Williams. 8 00:00:22,480 --> 00:00:26,520 Speaker 1: And let's start with a controversy involving the Philadelphia seventies 9 00:00:26,480 --> 00:00:30,640 Speaker 1: six series and tweets. What is this all about? Love 10 00:00:30,680 --> 00:00:32,600 Speaker 1: the story been? I'm gonna let you do it because 11 00:00:32,640 --> 00:00:35,320 Speaker 1: this is this is this is great. I love this story. 12 00:00:35,440 --> 00:00:39,080 Speaker 1: The Ringer reported this week that Brian Colangelo, who is 13 00:00:39,120 --> 00:00:42,800 Speaker 1: the president of basketball operations for the seventies sixers may 14 00:00:43,040 --> 00:00:46,199 Speaker 1: and may as a keyword, may have as many as 15 00:00:46,320 --> 00:00:50,240 Speaker 1: five anonymous Twitter accounts that he's been using for years 16 00:00:50,920 --> 00:00:53,960 Speaker 1: uh to do things like respond to beat writers who 17 00:00:54,000 --> 00:00:56,880 Speaker 1: are saying things that he disagrees with. Occasionally, some of 18 00:00:56,880 --> 00:01:02,280 Speaker 1: these accounts tweeted out proprietary health information about players. He 19 00:01:02,360 --> 00:01:06,200 Speaker 1: has bashed players like Julia Local for like Joel Embiid, 20 00:01:06,280 --> 00:01:08,919 Speaker 1: like Mark l Folt. How do you criticize your star player? 21 00:01:09,600 --> 00:01:11,480 Speaker 1: You do it anonymously, Well, you don't do you don't 22 00:01:11,520 --> 00:01:14,040 Speaker 1: do it at all. Where it stands right now that 23 00:01:14,160 --> 00:01:16,760 Speaker 1: the seventies sixers are investigating the report, they're trying to 24 00:01:16,800 --> 00:01:18,360 Speaker 1: get to the truth as to whether or not all 25 00:01:18,400 --> 00:01:21,040 Speaker 1: five of these accounts, one of which he has apparently 26 00:01:21,080 --> 00:01:23,440 Speaker 1: copped up to the other five or the other four. 27 00:01:23,480 --> 00:01:26,600 Speaker 1: They're kind of still working their way through. This is 28 00:01:26,640 --> 00:01:30,640 Speaker 1: just the next in a long line of Berner the 29 00:01:30,680 --> 00:01:35,880 Speaker 1: most story. That's what this is. You know what, I'm 30 00:01:35,920 --> 00:01:42,160 Speaker 1: amazed this doesn't happened before. And and Adam Silver had 31 00:01:42,160 --> 00:01:45,440 Speaker 1: one that was identified, but he wasn't but he following 32 00:01:46,480 --> 00:01:49,280 Speaker 1: Jim Comey he had he had that one that was identified. 33 00:01:49,760 --> 00:01:51,720 Speaker 1: This at least seems to be a different level and 34 00:01:51,840 --> 00:01:55,400 Speaker 1: that he is doing things that are obviously not okay 35 00:01:55,480 --> 00:01:57,920 Speaker 1: for for his position. I mean, he's releasing information about 36 00:01:57,920 --> 00:02:02,320 Speaker 1: players that is private. He is I would get fished 37 00:02:02,360 --> 00:02:06,360 Speaker 1: journalists to look into things. Yeah, the tip off was 38 00:02:06,440 --> 00:02:11,639 Speaker 1: it was BC seventy six and no, but I mean, 39 00:02:12,240 --> 00:02:15,720 Speaker 1: this this happens. We just don't know about the other 40 00:02:16,000 --> 00:02:18,799 Speaker 1: instances where this does not happen. Well, right now. That 41 00:02:18,960 --> 00:02:21,760 Speaker 1: sound you here is every Twitter feed being shut down. 42 00:02:22,680 --> 00:02:25,799 Speaker 1: Just click click click, click, click click. I just don't 43 00:02:26,040 --> 00:02:32,240 Speaker 1: understand the risk versus reward calculation. Do the arbitrage? What 44 00:02:32,280 --> 00:02:35,040 Speaker 1: do you What are you getting at? Why everything can 45 00:02:35,080 --> 00:02:37,720 Speaker 1: be traced if you are on a computer, it can 46 00:02:37,760 --> 00:02:41,640 Speaker 1: be easy. This is an anonymous tip to the an 47 00:02:41,639 --> 00:02:44,040 Speaker 1: anonymous tip they got from from someone who I believe 48 00:02:44,120 --> 00:02:47,560 Speaker 1: worked out or had access to a pretty big, severe 49 00:02:48,000 --> 00:02:51,359 Speaker 1: social media scraping service that looked at the five accounts, 50 00:02:51,400 --> 00:02:53,480 Speaker 1: the language they use, the people they followed, the people 51 00:02:53,480 --> 00:02:56,680 Speaker 1: who followed them, the people they responded to, and felt 52 00:02:56,840 --> 00:02:59,800 Speaker 1: very confidently that the five accounts were all run by 53 00:02:59,840 --> 00:03:02,320 Speaker 1: the same person. They were all linked in some way. 54 00:03:02,680 --> 00:03:05,400 Speaker 1: Um and again Brian Clangelo has at least copped to 55 00:03:05,440 --> 00:03:08,519 Speaker 1: one of the one of the five. Um yeah, I 56 00:03:08,560 --> 00:03:10,839 Speaker 1: mean the total mess. I would imagine that there are yeah, 57 00:03:10,840 --> 00:03:13,760 Speaker 1: as you said, Scott, their accounts being deleted right now. 58 00:03:14,040 --> 00:03:15,760 Speaker 1: There are contracts that will be drawn up in the 59 00:03:15,760 --> 00:03:19,680 Speaker 1: future that will include social disparagement that those who know 60 00:03:19,800 --> 00:03:21,480 Speaker 1: Brian and I have known him for a long time 61 00:03:21,520 --> 00:03:24,519 Speaker 1: will say, if true, this is a mistake. The size 62 00:03:24,520 --> 00:03:26,919 Speaker 1: of the collars of his shirt if you know, Brian, 63 00:03:26,960 --> 00:03:28,880 Speaker 1: that makes sense to you, and we would like to 64 00:03:28,919 --> 00:03:33,640 Speaker 1: bank joke Sev for the tip off. Anyway, moving on 65 00:03:33,680 --> 00:03:37,280 Speaker 1: to our next topic, Seattle. Will they get an NHL team? Yes, 66 00:03:37,480 --> 00:03:40,320 Speaker 1: they're going to get an NHL team, And I mean 67 00:03:40,360 --> 00:03:42,839 Speaker 1: it's gonna be a long time before an expansion team 68 00:03:42,880 --> 00:03:47,840 Speaker 1: can be good, right yeah. I mean, if I'm a 69 00:03:47,840 --> 00:03:50,360 Speaker 1: Seattle fan right now, I'm buying my Stanley Cup Finals 70 00:03:50,360 --> 00:03:52,640 Speaker 1: tickets even though they don't even have a team yet. 71 00:03:53,200 --> 00:03:55,560 Speaker 1: More on that later right bar with this week's guest. 72 00:03:56,000 --> 00:03:59,840 Speaker 1: But what I'm interested right now, what's the price? That's 73 00:03:59,840 --> 00:04:03,080 Speaker 1: a good market. You know, Tim Lawicki has worked to 74 00:04:03,120 --> 00:04:06,800 Speaker 1: get a building agreement, very interested to see what the 75 00:04:06,840 --> 00:04:09,840 Speaker 1: price is going to be. The higher the better for 76 00:04:09,840 --> 00:04:12,840 Speaker 1: those current owners, because you know what happens they divvy 77 00:04:12,880 --> 00:04:16,279 Speaker 1: that up. It goes right in their pockets. That is 78 00:04:16,320 --> 00:04:18,880 Speaker 1: not part of revenue sharing, That doesn't go to the 79 00:04:18,880 --> 00:04:21,520 Speaker 1: revenue for the for the players, that goes right in 80 00:04:21,600 --> 00:04:24,720 Speaker 1: their pocket, just nice equal share. So there is some 81 00:04:24,880 --> 00:04:29,240 Speaker 1: motivation to expand Scott, There's been talk about Seattle as 82 00:04:29,279 --> 00:04:33,360 Speaker 1: a market literally since the moment the SuperSonics left. Um, 83 00:04:33,400 --> 00:04:37,080 Speaker 1: are you surprised that hockey beat the NBA back to Seattle, 84 00:04:37,760 --> 00:04:41,040 Speaker 1: knowing that the contract called for an NBA team has 85 00:04:41,080 --> 00:04:42,680 Speaker 1: to say yes, it was. It was the path of 86 00:04:42,760 --> 00:04:47,200 Speaker 1: least resistance to get the building done. So and once 87 00:04:47,240 --> 00:04:50,599 Speaker 1: you had private investment, and again it's okay, Okview group 88 00:04:50,680 --> 00:04:55,200 Speaker 1: getting that done. So what once that building agreement was 89 00:04:55,240 --> 00:04:59,919 Speaker 1: in place to have whatever team be an anchor tenant. 90 00:05:00,040 --> 00:05:03,159 Speaker 1: And you know, Adam Silver is paying attention because there 91 00:05:03,160 --> 00:05:06,479 Speaker 1: will be a basketball team there as well. Now, whether 92 00:05:06,480 --> 00:05:11,080 Speaker 1: it's expansion or relocation, who knows right now, but that 93 00:05:11,080 --> 00:05:13,360 Speaker 1: that is a market they did not want to give up. 94 00:05:13,360 --> 00:05:15,880 Speaker 1: They just could not get a building done. Does this 95 00:05:15,920 --> 00:05:18,240 Speaker 1: speed up the NBA's returned to Seattle? Do you think? 96 00:05:18,279 --> 00:05:20,839 Speaker 1: I mean, getting getting at the building done, getting an 97 00:05:20,920 --> 00:05:23,640 Speaker 1: NHL franchise in place, that will be market forces. It's 98 00:05:23,680 --> 00:05:25,799 Speaker 1: just a matter of do they want to add another 99 00:05:25,880 --> 00:05:31,279 Speaker 1: team or is there one struggling so mightily that relocation 100 00:05:31,680 --> 00:05:33,839 Speaker 1: is an option that that I mean, that's what's going 101 00:05:33,880 --> 00:05:36,080 Speaker 1: to drive the decision from the NBA always thought that 102 00:05:36,160 --> 00:05:38,719 Speaker 1: Seattle was a very good sports market. I mean, obviously 103 00:05:39,640 --> 00:05:46,359 Speaker 1: give that away manners and then they left. Why in 104 00:05:46,440 --> 00:05:50,640 Speaker 1: this all, I'm sure that you know, anybody who was 105 00:05:50,680 --> 00:05:54,080 Speaker 1: a Sonics fan is laughing at Okay, see why they 106 00:05:55,200 --> 00:05:57,200 Speaker 1: got to watch Kevin Durant. I mean, now he's gone, 107 00:05:57,240 --> 00:05:59,360 Speaker 1: but they got Kevin for a little while, and and 108 00:05:59,440 --> 00:06:03,080 Speaker 1: Harden and Westbrook and they got a team. I'm mad. 109 00:06:03,640 --> 00:06:08,760 Speaker 1: I'm just like the Baltimore Colts. I'm mad, Mayflower moving truck, 110 00:06:08,800 --> 00:06:13,120 Speaker 1: middle of the night, moving on. Speaking of which, you 111 00:06:13,200 --> 00:06:18,280 Speaker 1: know the Golden Knights, I'm sure that the Vegas bookmakers 112 00:06:18,720 --> 00:06:23,480 Speaker 1: love them because they are breaking them. I've never seen 113 00:06:23,760 --> 00:06:25,719 Speaker 1: they'd like to be able to run for the hometown team. 114 00:06:25,800 --> 00:06:28,200 Speaker 1: But coming from the guy by the way, what what's 115 00:06:28,200 --> 00:06:33,719 Speaker 1: on your socks? And poke poker chips, Poker chip socks, 116 00:06:33,720 --> 00:06:37,400 Speaker 1: Poker chip sucks. So you so, speaking of poker and betting, 117 00:06:38,320 --> 00:06:41,440 Speaker 1: you would have thought that the bookmakers would like to 118 00:06:41,520 --> 00:06:44,520 Speaker 1: root for the local team. But right now it looks 119 00:06:44,520 --> 00:06:47,920 Speaker 1: like they'll lose money. They're losing money if the Knights win. 120 00:06:48,120 --> 00:06:49,840 Speaker 1: They're losing a lot of money. I mean there are 121 00:06:50,040 --> 00:06:52,320 Speaker 1: William Hill, for example, one of the bigger books in Vegas. 122 00:06:52,360 --> 00:06:54,599 Speaker 1: They're on the hook for two million dollars just on 123 00:06:54,640 --> 00:06:57,320 Speaker 1: their future bets if Vegas wins. The Stanley Cup, And 124 00:06:57,360 --> 00:07:00,400 Speaker 1: that doesn't even take into account every home game that 125 00:07:00,440 --> 00:07:02,960 Speaker 1: we're all those bets came in on the nights, and 126 00:07:03,000 --> 00:07:04,760 Speaker 1: as you guys know, the Knights were pretty damn good 127 00:07:04,800 --> 00:07:07,520 Speaker 1: at home. They were losing over a hundred thousand dollars 128 00:07:07,520 --> 00:07:10,200 Speaker 1: on some home games alone. But we know how these 129 00:07:10,200 --> 00:07:13,880 Speaker 1: things work. All the book wants is equal money on 130 00:07:13,960 --> 00:07:17,800 Speaker 1: both sides. So why am I not being presented with 131 00:07:17,840 --> 00:07:21,080 Speaker 1: such outrageous odds to go the other way? I can 132 00:07:21,120 --> 00:07:24,400 Speaker 1: answer that I read by the way, I I really 133 00:07:24,400 --> 00:07:28,320 Speaker 1: wasn't looking for your to answer, because I've talked too 134 00:07:28,520 --> 00:07:31,320 Speaker 1: bookies about this. Uh. They felt as though the lines 135 00:07:31,360 --> 00:07:35,040 Speaker 1: they were giving originally were so outrageously shaded already. You know, 136 00:07:35,080 --> 00:07:38,400 Speaker 1: they felt like this was a hundred to one team. 137 00:07:38,760 --> 00:07:42,520 Speaker 1: They offered it to one and people betted, and they 138 00:07:42,520 --> 00:07:44,360 Speaker 1: were shocked at that point. And even when the when 139 00:07:44,360 --> 00:07:47,000 Speaker 1: the season started, when you think, oh, just adjust your 140 00:07:47,000 --> 00:07:49,120 Speaker 1: odds and change it, they felt, you know, there's so 141 00:07:49,200 --> 00:07:51,360 Speaker 1: much buzz about this. It's public money, it's not really 142 00:07:51,360 --> 00:07:54,720 Speaker 1: sharp money. Uh. Thing's gonna correct itself. You know, the 143 00:07:55,000 --> 00:07:57,280 Speaker 1: team's gonna struggle. Other teams are going to figure out 144 00:07:57,280 --> 00:08:00,640 Speaker 1: how to play against them. Waiting for it to exactly 145 00:08:00,640 --> 00:08:02,920 Speaker 1: and it just kept getting stronger and stronger. And when 146 00:08:02,960 --> 00:08:04,960 Speaker 1: you reach a certain point, when you've got enough bets 147 00:08:04,960 --> 00:08:09,000 Speaker 1: in there at two one, you can't there's nothing you 148 00:08:09,040 --> 00:08:11,400 Speaker 1: can do at that point. If you start shading everything 149 00:08:11,400 --> 00:08:13,600 Speaker 1: else the other way, you're on the risk of losing 150 00:08:13,600 --> 00:08:16,080 Speaker 1: money either way you go. So they rolled the dice 151 00:08:16,120 --> 00:08:18,280 Speaker 1: on it, and the dice came up. The Night's way, 152 00:08:18,400 --> 00:08:22,400 Speaker 1: good night and good luck. Our thanks to you, Bet 153 00:08:22,480 --> 00:08:27,360 Speaker 1: thirty two Black Bloomberg. Business of Sports reporter Evan Nobi Williams, Now, 154 00:08:27,400 --> 00:08:30,000 Speaker 1: it's time for our interview with Joe Malofi as part 155 00:08:30,040 --> 00:08:33,000 Speaker 1: owner of the Vegas Golden Knights. His family has an 156 00:08:33,040 --> 00:08:37,600 Speaker 1: extensive background in sports team ownership and they had a 157 00:08:37,720 --> 00:08:41,439 Speaker 1: big role in Las Vegas. They once owned the Sacramento 158 00:08:41,600 --> 00:08:45,200 Speaker 1: Kings and created the Palms Hotel and Casino in Vegas. 159 00:08:45,240 --> 00:08:48,000 Speaker 1: Pretty impressive bar and I have hung with the Malou 160 00:08:48,120 --> 00:08:51,800 Speaker 1: family at Arco Arena at the Palms, Yes, the pool 161 00:08:52,360 --> 00:08:55,079 Speaker 1: and Joe, thank you very much and taking some time 162 00:08:55,240 --> 00:08:58,079 Speaker 1: to join our show. Oh my pleasure. Thank you. Yeah, 163 00:08:58,120 --> 00:09:00,480 Speaker 1: I know it's speaking of your pleasure. We have known 164 00:09:00,520 --> 00:09:02,800 Speaker 1: each other about twenty years. I was at our Go 165 00:09:02,920 --> 00:09:05,319 Speaker 1: Arena for some of those Lakers Kings games, and you 166 00:09:05,360 --> 00:09:07,760 Speaker 1: will used to own the Sacramento Kings. I was at 167 00:09:07,760 --> 00:09:11,200 Speaker 1: the opening of the Palms, the casino and hotel in Vegas, 168 00:09:11,679 --> 00:09:14,559 Speaker 1: and you certainly had a good time at all those events. 169 00:09:15,120 --> 00:09:19,160 Speaker 1: But but what about your smile now with with the 170 00:09:19,160 --> 00:09:22,360 Speaker 1: Golden Knights. Are you having more fun with this than 171 00:09:22,400 --> 00:09:25,720 Speaker 1: anything else you've done? Oh, I've never seen anything like 172 00:09:25,840 --> 00:09:29,520 Speaker 1: this in all my years. It's it's amazing, It's it's 173 00:09:29,559 --> 00:09:32,840 Speaker 1: really Uh, you know, when you look at it. Uh, 174 00:09:32,920 --> 00:09:35,560 Speaker 1: if you go back Buster Douglas when he thought Mike 175 00:09:35,640 --> 00:09:40,280 Speaker 1: Tyson he was fifty two one, this is five hundred 176 00:09:40,320 --> 00:09:43,400 Speaker 1: to one. It just puts in a perspective how unbelievable 177 00:09:43,440 --> 00:09:45,400 Speaker 1: this is. Yeah, the only thing I can think of 178 00:09:45,720 --> 00:09:47,800 Speaker 1: that I would say longer shot. It happened not too 179 00:09:47,880 --> 00:09:50,839 Speaker 1: long ago for the English soccer fans, was Lester winning 180 00:09:50,880 --> 00:09:54,960 Speaker 1: the Premier League. They were five thousand to one. But 181 00:09:55,040 --> 00:09:57,360 Speaker 1: nobody saw this coman. Let's be real, do you You 182 00:09:57,400 --> 00:10:01,200 Speaker 1: didn't even think that you would come close, did you? No? No, No, 183 00:10:01,480 --> 00:10:05,880 Speaker 1: I thought maybe wins at the most, maybe thirty for 184 00:10:05,920 --> 00:10:09,320 Speaker 1: an expansion team. But to get as many as we 185 00:10:09,400 --> 00:10:11,000 Speaker 1: did and all the points that we got. It was 186 00:10:11,040 --> 00:10:16,160 Speaker 1: incredible and nobody, nobody believed this would ever happened. Yeah, 187 00:10:16,240 --> 00:10:19,640 Speaker 1: and like the Vegas bookmakers because they're about to lose 188 00:10:19,679 --> 00:10:23,359 Speaker 1: a bunch of money, because you guys are extremely successful. 189 00:10:23,880 --> 00:10:27,920 Speaker 1: I've never seen in any of the four major sports 190 00:10:28,240 --> 00:10:32,480 Speaker 1: and expansion team right out the blocks doing this making 191 00:10:32,520 --> 00:10:36,720 Speaker 1: it to the championship. Yeah, it's it's really spectacular. And 192 00:10:36,760 --> 00:10:38,240 Speaker 1: you know, you have to give all the credit to 193 00:10:38,320 --> 00:10:42,040 Speaker 1: Bill Foley. He's a majority owner. He did a wonderful 194 00:10:42,160 --> 00:10:44,839 Speaker 1: job and he picked a great GM and so on. 195 00:10:44,920 --> 00:10:50,800 Speaker 1: But uh, what what? How much? This is so much 196 00:10:50,840 --> 00:10:53,480 Speaker 1: fun for the city of Las Vegas after everything we've 197 00:10:53,480 --> 00:10:57,680 Speaker 1: been through. It's just sometimes you get speechless. Joe, take 198 00:10:57,720 --> 00:11:01,760 Speaker 1: me back to the beginning when somebody Alden said, all right, 199 00:11:02,240 --> 00:11:04,280 Speaker 1: the genesis of it all, we're gonna put a hockey 200 00:11:04,280 --> 00:11:07,240 Speaker 1: team where we're gonna try and get a hockey team 201 00:11:07,280 --> 00:11:09,600 Speaker 1: in Las Vegas and we'd like to be a part 202 00:11:09,640 --> 00:11:13,920 Speaker 1: of it. Who who contacted you? And what were those conversations? Like, No, 203 00:11:14,120 --> 00:11:17,640 Speaker 1: I started it. Actually, I'm not surprised. Gavin and I 204 00:11:17,720 --> 00:11:21,160 Speaker 1: were about to sell the Kings and I knew that 205 00:11:22,400 --> 00:11:27,280 Speaker 1: we'd be really empty without a team or without some 206 00:11:27,280 --> 00:11:29,760 Speaker 1: some kind of team to support, because we've been in 207 00:11:29,840 --> 00:11:31,880 Speaker 1: sports all of our lives. We started out with the 208 00:11:31,920 --> 00:11:34,640 Speaker 1: Houston Rockets my father, and then you know, in the 209 00:11:34,800 --> 00:11:37,320 Speaker 1: w n b A, and then we were in the 210 00:11:37,360 --> 00:11:41,760 Speaker 1: World Football League and with the Kings and so on 211 00:11:41,800 --> 00:11:45,240 Speaker 1: and so forth. So but I've I've never had more 212 00:11:45,280 --> 00:11:49,480 Speaker 1: fun than this. It's it's just every game is so 213 00:11:49,559 --> 00:11:52,000 Speaker 1: exciting and and and to see what it's done for 214 00:11:52,120 --> 00:11:55,160 Speaker 1: the city of Las Vegas. That's the best part about 215 00:11:55,200 --> 00:11:58,520 Speaker 1: all this is that after that tragedy that we had 216 00:11:58,559 --> 00:12:04,280 Speaker 1: October one, uh, this has been really fantastic for the fans. 217 00:12:04,760 --> 00:12:08,520 Speaker 1: Can you expand more on that? Because Vegas went through 218 00:12:09,280 --> 00:12:14,120 Speaker 1: just a god awful time and the importance of the 219 00:12:14,200 --> 00:12:18,880 Speaker 1: Golden Knights today and the impact on the city. Can 220 00:12:18,920 --> 00:12:22,880 Speaker 1: you can you take us through that experience and today 221 00:12:23,000 --> 00:12:27,320 Speaker 1: hopefully we'll be a happy story. Yes, yes, Well, actually 222 00:12:27,600 --> 00:12:30,439 Speaker 1: I could take you back to the beginning when we 223 00:12:30,440 --> 00:12:34,600 Speaker 1: were selling The King's Gavin and I thought let's stay 224 00:12:34,600 --> 00:12:37,800 Speaker 1: in sports. We went to New York. We were in 225 00:12:37,800 --> 00:12:40,320 Speaker 1: the middle of that, and then we called Gary Bettman, 226 00:12:40,360 --> 00:12:42,760 Speaker 1: the commissioner, and he told us to come on in. 227 00:12:42,880 --> 00:12:45,600 Speaker 1: So we came in, told him that we thought Las 228 00:12:45,679 --> 00:12:49,240 Speaker 1: Vegas was ready for its own team, and talked to 229 00:12:49,320 --> 00:12:51,240 Speaker 1: him for a while and he says he didn't say yes, 230 00:12:51,280 --> 00:12:54,440 Speaker 1: he didn't say no. She just thought about it, and 231 00:12:54,480 --> 00:12:57,240 Speaker 1: then he we went back and saw him again, and 232 00:12:57,280 --> 00:13:00,640 Speaker 1: then we got in contact with Mr Foley, and that's 233 00:13:00,640 --> 00:13:03,120 Speaker 1: how it all started. But it took us actually about 234 00:13:03,160 --> 00:13:08,400 Speaker 1: four years, the the entire process to get the expansion team. 235 00:13:08,400 --> 00:13:11,679 Speaker 1: And then so throughout post four years, you know, the 236 00:13:11,720 --> 00:13:14,640 Speaker 1: anticipation just built and built. And then finally when we 237 00:13:14,679 --> 00:13:18,440 Speaker 1: had our own team here and somebody that these people here, 238 00:13:18,480 --> 00:13:20,920 Speaker 1: the residents could cheer for it because we never had 239 00:13:20,960 --> 00:13:25,000 Speaker 1: our own really major league franchise and this was the 240 00:13:25,040 --> 00:13:28,360 Speaker 1: first one. So the whole city is behind it. We 241 00:13:28,400 --> 00:13:30,760 Speaker 1: are chatting with Joe Malouf and investor in the Vegas 242 00:13:30,800 --> 00:13:35,400 Speaker 1: Golden Knights, and Joe, were you certain that this would work? 243 00:13:35,520 --> 00:13:39,160 Speaker 1: I'm gonna be honest, I wasn't sure. Even when I 244 00:13:39,200 --> 00:13:43,000 Speaker 1: saw the season ticket numbers, the sign ups, I wasn't 245 00:13:43,120 --> 00:13:46,240 Speaker 1: sure that this was going to be forget about a 246 00:13:46,320 --> 00:13:49,000 Speaker 1: runaway success. I wasn't sure it was going to be 247 00:13:49,120 --> 00:13:51,439 Speaker 1: a success. Period, did you know where did you have 248 00:13:51,480 --> 00:13:55,280 Speaker 1: any doubt. We always believed in our hearts that Vegas 249 00:13:55,320 --> 00:14:00,120 Speaker 1: needed its own professional franchise, that it would support it. 250 00:14:00,720 --> 00:14:03,000 Speaker 1: And one of the things the commissioner told us is, 251 00:14:03,679 --> 00:14:06,240 Speaker 1: you know, we don't want you to sell the tickets 252 00:14:06,280 --> 00:14:08,920 Speaker 1: to all your friends out there the casinos and everything. 253 00:14:09,000 --> 00:14:11,320 Speaker 1: Sell it to the locals. Make sure that the locals 254 00:14:11,360 --> 00:14:14,840 Speaker 1: by the season tickets. And that's exactly what happened. We 255 00:14:14,920 --> 00:14:18,960 Speaker 1: sold I think it was like fourteen thousand season tickets 256 00:14:19,000 --> 00:14:21,640 Speaker 1: for this season, so the fans in the city really 257 00:14:21,680 --> 00:14:24,640 Speaker 1: came out and supported the team right away. All the 258 00:14:24,720 --> 00:14:28,480 Speaker 1: sponsorship money that came in. It's it's really it's really 259 00:14:28,520 --> 00:14:31,160 Speaker 1: been it's really been great. We always stopped that this 260 00:14:31,200 --> 00:14:33,960 Speaker 1: city needed its own team to cheer for. We take 261 00:14:34,000 --> 00:14:36,200 Speaker 1: me through the economics of it. Then. I know you 262 00:14:36,320 --> 00:14:38,320 Speaker 1: probably didn't have to blink because you didn't cut the 263 00:14:38,320 --> 00:14:41,680 Speaker 1: biggest check. But Bill fully, that was a five hundred 264 00:14:41,720 --> 00:14:45,840 Speaker 1: million dollar expansion fee. Any nerves on his part, I mean, 265 00:14:45,840 --> 00:14:50,080 Speaker 1: that's a big, big expansion check to cut five million 266 00:14:50,120 --> 00:14:52,840 Speaker 1: dollars just to get in the club. Yeah, that's a 267 00:14:52,840 --> 00:14:55,720 Speaker 1: lot of money, as you say, But no, he he 268 00:14:55,880 --> 00:14:59,160 Speaker 1: came on board right away, and he saw the value 269 00:14:59,200 --> 00:15:02,720 Speaker 1: of this, and there's no value like the ownership of 270 00:15:02,760 --> 00:15:05,440 Speaker 1: a sports franchise. There's only so many of them. They're 271 00:15:05,480 --> 00:15:07,960 Speaker 1: like a diamond in the rough. You know, you can't 272 00:15:08,400 --> 00:15:11,920 Speaker 1: you can't get them. And so I think in his 273 00:15:12,000 --> 00:15:14,880 Speaker 1: heart he knew it was a good investment. And you know, 274 00:15:14,960 --> 00:15:16,760 Speaker 1: we had the whole city behind us. We went and 275 00:15:16,800 --> 00:15:19,760 Speaker 1: saw the governor, we saw the mayor, we saw the 276 00:15:19,800 --> 00:15:24,560 Speaker 1: county commissioners, we saw everybody, all the politicals, and everyone 277 00:15:24,680 --> 00:15:26,760 Speaker 1: was behind it. We had no negatives. There was not 278 00:15:26,880 --> 00:15:30,480 Speaker 1: one negative that was against it. I always ask, how 279 00:15:30,480 --> 00:15:33,280 Speaker 1: did you guys come up with the name Golden Knights. 280 00:15:33,280 --> 00:15:35,320 Speaker 1: I know it has been talked about, but for people 281 00:15:35,320 --> 00:15:38,520 Speaker 1: who don't know, can you explain that again? No, Folly, 282 00:15:38,640 --> 00:15:41,600 Speaker 1: that was his his selection. He came up with that, 283 00:15:41,680 --> 00:15:45,040 Speaker 1: and he was he's got a real affinity towards the 284 00:15:45,040 --> 00:15:49,480 Speaker 1: the army, the Black Knights, and we we wanted to 285 00:15:49,520 --> 00:15:52,360 Speaker 1: try that name first, but the Golden Knights came out better. 286 00:15:52,400 --> 00:15:55,120 Speaker 1: And that's that's really how it came about. And call 287 00:15:55,160 --> 00:16:00,320 Speaker 1: you guys the gks because and you hit the nail 288 00:16:00,320 --> 00:16:02,239 Speaker 1: on their head, by the way, when you're saying earlier, 289 00:16:02,920 --> 00:16:06,840 Speaker 1: the key is getting the locals to come to see 290 00:16:07,040 --> 00:16:10,560 Speaker 1: the team. Yes, you can give the tickets to like 291 00:16:10,680 --> 00:16:13,400 Speaker 1: you said, two guests coming in town. This not whatever. 292 00:16:13,640 --> 00:16:16,840 Speaker 1: But the key is to get the locals excited about it. Yes, 293 00:16:16,960 --> 00:16:21,920 Speaker 1: that's absolutely and and now they're there'll be rinks all 294 00:16:21,960 --> 00:16:24,960 Speaker 1: over the city of Las Vegas. And the key is 295 00:16:25,000 --> 00:16:28,800 Speaker 1: to get the youth involved. That's number one, and they're 296 00:16:28,840 --> 00:16:31,680 Speaker 1: behind it. You know, almost every single practice that we 297 00:16:31,800 --> 00:16:36,160 Speaker 1: have is is completely so loud or not so loud, 298 00:16:36,240 --> 00:16:40,320 Speaker 1: but completely for the practice facility. We leave it open 299 00:16:40,360 --> 00:16:43,680 Speaker 1: for the fans to come in and it fills up 300 00:16:43,720 --> 00:16:47,920 Speaker 1: every every day during practice. It's it's an incredible scene 301 00:16:47,960 --> 00:16:50,360 Speaker 1: over here. Let me tell you something that I'm hearing 302 00:16:50,400 --> 00:16:52,520 Speaker 1: from some folks around Sports Stone, and you tell me 303 00:16:52,520 --> 00:16:55,360 Speaker 1: whether there's any validity to it at all. They're saying, 304 00:16:55,440 --> 00:17:00,480 Speaker 1: this could be too much success, too fast. I what 305 00:17:00,680 --> 00:17:03,640 Speaker 1: is there left to do? If you win the Stanley 306 00:17:03,720 --> 00:17:08,080 Speaker 1: Cup in year one, nothing else in the future will compare. 307 00:17:08,560 --> 00:17:11,879 Speaker 1: Is there any concern that, oh my god, this is 308 00:17:11,880 --> 00:17:13,719 Speaker 1: going to be a spoiled fan base. We can't do 309 00:17:13,760 --> 00:17:17,720 Speaker 1: this every year. How do we satisfy the home fans? Well, 310 00:17:17,760 --> 00:17:20,200 Speaker 1: you've got to keep the fans happy. And as long 311 00:17:20,240 --> 00:17:22,880 Speaker 1: as they know you're trying, and as long as they 312 00:17:22,920 --> 00:17:25,840 Speaker 1: know that, you know, obviously there will never be another 313 00:17:25,920 --> 00:17:28,439 Speaker 1: year like this. I don't you know, it's impossible the 314 00:17:28,480 --> 00:17:30,919 Speaker 1: first year and then make it to the finals and 315 00:17:31,400 --> 00:17:34,959 Speaker 1: who knows what will happen. But uh, you know they 316 00:17:35,200 --> 00:17:37,800 Speaker 1: is as long as you do what you say you're 317 00:17:37,800 --> 00:17:41,880 Speaker 1: gonna do, and and invest back into the team, invest 318 00:17:41,920 --> 00:17:44,919 Speaker 1: back into the players, and they know that they have 319 00:17:44,960 --> 00:17:47,800 Speaker 1: an opportunity to win, the team has an opportunity to win, 320 00:17:47,880 --> 00:17:50,040 Speaker 1: the fans will stick by. You're building a lot of 321 00:17:50,080 --> 00:17:54,440 Speaker 1: loyalty very quickly right now. And uh, like you said, 322 00:17:54,480 --> 00:17:57,600 Speaker 1: it's it's something else. I mean, you know, how do 323 00:17:57,640 --> 00:18:00,000 Speaker 1: you how do you cop this? Well, maybe you get 324 00:18:00,080 --> 00:18:03,199 Speaker 1: number two, number three if it ever comes about, but 325 00:18:03,960 --> 00:18:05,800 Speaker 1: the best thing is to get the first one if 326 00:18:05,800 --> 00:18:08,680 Speaker 1: you can. So you have been in sports. Your father, 327 00:18:08,960 --> 00:18:12,000 Speaker 1: as you said, had the Houston Rockets. Do you think 328 00:18:12,040 --> 00:18:16,160 Speaker 1: it's just the scarcity? Why do these valuations keep going up? 329 00:18:16,160 --> 00:18:20,560 Speaker 1: We're seeing multi billion dollar assets? Is it scarcity? Is 330 00:18:20,600 --> 00:18:23,520 Speaker 1: it that the media component of it all? Is it 331 00:18:23,640 --> 00:18:27,399 Speaker 1: tickets and and beverage and in house arena. What is 332 00:18:27,440 --> 00:18:30,399 Speaker 1: the biggest driver of the valuations of this team in 333 00:18:30,440 --> 00:18:36,560 Speaker 1: particularly your club? Live sports, nothing like it, you can't 334 00:18:36,600 --> 00:18:40,200 Speaker 1: replicate in any fashion. It's it's uh, as you as 335 00:18:40,240 --> 00:18:42,879 Speaker 1: you mentioned it just it's all those things that you 336 00:18:42,960 --> 00:18:45,800 Speaker 1: mentioned put together. It's a it's the combination of all 337 00:18:45,800 --> 00:18:49,640 Speaker 1: those things. And uh, there's only a few of these teams. 338 00:18:50,400 --> 00:18:54,080 Speaker 1: And it's as you said, it's five million to get 339 00:18:54,119 --> 00:18:56,200 Speaker 1: into the league. I don't know what the next one 340 00:18:56,240 --> 00:18:59,080 Speaker 1: will be, but it's very expensive to get in, and 341 00:18:59,119 --> 00:19:02,240 Speaker 1: once you're in, it's, uh, it's a great fraternity to 342 00:19:02,280 --> 00:19:04,600 Speaker 1: be a part of. Yeah, I wonder what Tim Laiwicky 343 00:19:04,680 --> 00:19:06,560 Speaker 1: thinks of about that. In Seattle, you paid five and 344 00:19:06,600 --> 00:19:08,320 Speaker 1: they're like, yeah, I think maybe it will take seven. 345 00:19:08,359 --> 00:19:10,120 Speaker 1: He's not gonna be happy with you on that one. 346 00:19:10,440 --> 00:19:14,200 Speaker 1: Whatever he pays, it'll be a fabulous investment because the 347 00:19:14,320 --> 00:19:17,480 Speaker 1: NHL is a great a great way to make your 348 00:19:17,520 --> 00:19:22,480 Speaker 1: investment grow. Really, why haven't more owners and teams embraced 349 00:19:22,520 --> 00:19:26,000 Speaker 1: what you have done and the down part of the 350 00:19:26,080 --> 00:19:29,160 Speaker 1: of the game and the pre game. Yeah, we see 351 00:19:29,240 --> 00:19:31,880 Speaker 1: some some fireworks in places, and we see some video 352 00:19:32,000 --> 00:19:34,399 Speaker 1: tributes to that kind of stuff. The new York Times 353 00:19:34,440 --> 00:19:38,760 Speaker 1: the other day did a full story on your pregame show. 354 00:19:39,240 --> 00:19:42,000 Speaker 1: Is it just because it's Vegas and it's the entertainment 355 00:19:42,040 --> 00:19:46,119 Speaker 1: capital at all? That why don't more owners invest in 356 00:19:46,400 --> 00:19:51,680 Speaker 1: making the live in games so special that to sit 357 00:19:51,680 --> 00:19:53,920 Speaker 1: at home on your couch while you have the bathroom 358 00:19:54,280 --> 00:19:56,520 Speaker 1: and you have your big screen TV, that it just 359 00:19:56,600 --> 00:20:00,240 Speaker 1: doesn't compare. You gotta be in T Mobile arena to 360 00:20:00,440 --> 00:20:04,720 Speaker 1: experience the Vegas Golden Knights. Yeah, it's really it's really 361 00:20:04,720 --> 00:20:07,920 Speaker 1: an experience. It's uh, it costs a lot of money 362 00:20:07,960 --> 00:20:10,080 Speaker 1: and it it took it how much? Tell me how much? 363 00:20:10,080 --> 00:20:13,840 Speaker 1: How much is your I don't know exactly what it costs, 364 00:20:13,880 --> 00:20:16,679 Speaker 1: but you know, we want to fully wanted to do 365 00:20:16,760 --> 00:20:19,639 Speaker 1: things right. He does things first class. He wanted to 366 00:20:19,680 --> 00:20:21,720 Speaker 1: have the best, so that's what he did. He invested 367 00:20:21,760 --> 00:20:24,520 Speaker 1: a lot of money. But it pays dividends because look 368 00:20:24,520 --> 00:20:26,560 Speaker 1: at the article that came out in the time. So 369 00:20:27,000 --> 00:20:30,280 Speaker 1: things like that do matter. But really the most important 370 00:20:30,320 --> 00:20:32,920 Speaker 1: thing is the experience the fan has when he's at 371 00:20:32,920 --> 00:20:35,879 Speaker 1: the arena or at the stadium. They have to have 372 00:20:36,000 --> 00:20:38,520 Speaker 1: the best food to try to get the best service 373 00:20:38,560 --> 00:20:41,680 Speaker 1: to him. Just do everything to service and take care 374 00:20:41,720 --> 00:20:45,320 Speaker 1: of that fan. The word cater bothers bothers a lot 375 00:20:45,359 --> 00:20:47,679 Speaker 1: of people, but it doesn't bother us. We like the 376 00:20:47,720 --> 00:20:50,439 Speaker 1: cater to people and take care of him. Makes me 377 00:20:50,520 --> 00:20:53,520 Speaker 1: feel good or makes our organization feel good when we 378 00:20:53,560 --> 00:20:56,960 Speaker 1: take care of people. So to answer your question, it's 379 00:20:57,000 --> 00:21:01,000 Speaker 1: all about all about the experience. Have it the arena 380 00:21:01,320 --> 00:21:05,199 Speaker 1: or the stadium. We're talking with part owner of the 381 00:21:05,280 --> 00:21:09,240 Speaker 1: Vegas Golden Nights, Joe Malouf. I have to ask about 382 00:21:09,440 --> 00:21:14,119 Speaker 1: the recent Supreme Court ruling that will allow gambling pretty 383 00:21:14,160 --> 00:21:16,320 Speaker 1: much across the nation as long as the state wants it. 384 00:21:16,560 --> 00:21:19,880 Speaker 1: But I'm asking it because obviously you're in Las Vegas. 385 00:21:20,359 --> 00:21:23,080 Speaker 1: You're seeing this from the inside out. It's like, yeah, 386 00:21:23,280 --> 00:21:28,040 Speaker 1: big deal. We we've had gambling on sports all the time. Now, 387 00:21:28,400 --> 00:21:31,119 Speaker 1: what do you think it will be like that the 388 00:21:31,240 --> 00:21:35,520 Speaker 1: nation has the option to gamble on sports. Well, I 389 00:21:35,560 --> 00:21:38,919 Speaker 1: think it was inevitable. It was gonna come eventually, because 390 00:21:39,480 --> 00:21:42,320 Speaker 1: if you look around, there's gambling in almost every state 391 00:21:42,400 --> 00:21:46,040 Speaker 1: as we speak, and probably the only state that that 392 00:21:46,119 --> 00:21:49,160 Speaker 1: doesn't have a form of gambling is Utah, I think, 393 00:21:49,760 --> 00:21:55,479 Speaker 1: but um no, it was coming. It was inevitable. The 394 00:21:55,480 --> 00:21:58,440 Speaker 1: best thing about it, I think is it takes uh, 395 00:21:58,560 --> 00:22:02,119 Speaker 1: it takes the illegal sports betting out of the equation 396 00:22:02,200 --> 00:22:05,280 Speaker 1: for the most part, and now it enables people to 397 00:22:05,600 --> 00:22:08,400 Speaker 1: you know, make and make a legal wager if they 398 00:22:08,440 --> 00:22:12,080 Speaker 1: want to on a particular game. So I think it's good. 399 00:22:12,200 --> 00:22:15,040 Speaker 1: I think it's great, and I knew it was going 400 00:22:15,080 --> 00:22:19,040 Speaker 1: to happen. I knew it was coming because eventually, you know, 401 00:22:19,119 --> 00:22:21,119 Speaker 1: you had to get that illegal element out of it, 402 00:22:21,200 --> 00:22:24,240 Speaker 1: which is you know, the sports bookies and all those 403 00:22:24,280 --> 00:22:28,040 Speaker 1: types of people. The best thing that most owners tell 404 00:22:28,080 --> 00:22:31,640 Speaker 1: me about the legalized wagering is engagement. You've got kids 405 00:22:31,640 --> 00:22:33,919 Speaker 1: who are used to doing things on their phones and 406 00:22:33,920 --> 00:22:38,800 Speaker 1: their iPads, and the NHL skews a tad younger demographic. 407 00:22:38,840 --> 00:22:40,479 Speaker 1: I know, Gary Bettman likes to say they have a 408 00:22:40,520 --> 00:22:45,440 Speaker 1: tech savvy audience. Probably lines up nicely for the NHL 409 00:22:45,880 --> 00:22:48,680 Speaker 1: that the new generation of fans has another touch point 410 00:22:48,880 --> 00:22:52,600 Speaker 1: to experience the game. Uh. You know, I can't really 411 00:22:52,640 --> 00:22:54,800 Speaker 1: speak to the NHL. I don't know what what his 412 00:22:54,880 --> 00:22:58,159 Speaker 1: feelings are, the commissioner, but I do know that it's 413 00:22:58,200 --> 00:23:00,880 Speaker 1: it will raise, uh the away earness of the game, 414 00:23:00,920 --> 00:23:03,080 Speaker 1: and it will bring more excitement to the game. In 415 00:23:03,080 --> 00:23:06,000 Speaker 1: my opinion, this is just my opinion. But I think 416 00:23:06,080 --> 00:23:09,000 Speaker 1: if it's legal, and it's done properly, and it's monitored 417 00:23:09,400 --> 00:23:11,880 Speaker 1: and it's watched carefully, that it can be a good 418 00:23:11,920 --> 00:23:14,679 Speaker 1: thing for all of for everybody's So I know this 419 00:23:14,760 --> 00:23:17,920 Speaker 1: was ingrained in you by your father, and I don't 420 00:23:17,920 --> 00:23:19,640 Speaker 1: think this is perbly. I don't know if I had 421 00:23:19,640 --> 00:23:22,200 Speaker 1: the story from you or somebody else. But when when 422 00:23:22,240 --> 00:23:25,639 Speaker 1: your father fell ill and like somebody called an ambulance 423 00:23:26,160 --> 00:23:30,320 Speaker 1: and he was being wheeled out to the ambulance, and 424 00:23:30,320 --> 00:23:33,000 Speaker 1: I'm gonna let you tell if this is a true story, 425 00:23:33,760 --> 00:23:37,840 Speaker 1: let me yes, it's true. What did your father do well? 426 00:23:37,880 --> 00:23:40,520 Speaker 1: He asked me how many points did Moses get tonight? 427 00:23:41,040 --> 00:23:46,159 Speaker 1: Moses Malone, did you know? I think it was forty 428 00:23:46,200 --> 00:23:49,320 Speaker 1: one or something, can't remember. Quiet when he was getting 429 00:23:49,400 --> 00:23:52,480 Speaker 1: rolled out, he asked me about the Rockets. He loved 430 00:23:52,480 --> 00:23:54,960 Speaker 1: that team, you know. And we had a wonderful team. 431 00:23:54,960 --> 00:23:59,040 Speaker 1: We had Moses Malone, Calvin Murphy, we had some great players. 432 00:23:59,040 --> 00:24:03,199 Speaker 1: Tom Jonovitch is on our team, Rick Berry, we had 433 00:24:03,200 --> 00:24:05,520 Speaker 1: a we had a great team. I wish you were 434 00:24:05,560 --> 00:24:07,760 Speaker 1: I wish you could see my partner Michael Barr right now. 435 00:24:07,800 --> 00:24:10,280 Speaker 1: He's got he's got a very Calvin Murphy shirt on 436 00:24:10,920 --> 00:24:15,760 Speaker 1: Aqua Marine. I think that might that might be his 437 00:24:15,840 --> 00:24:21,679 Speaker 1: tribute to Calvin Murphy. Okay, oh great, yeah, no, that 438 00:24:21,800 --> 00:24:23,960 Speaker 1: was Those were fun days too. All right, we're talking 439 00:24:24,000 --> 00:24:27,080 Speaker 1: to Joe Mullouf, a part owner of the Vegas Golden Knights, 440 00:24:27,480 --> 00:24:29,919 Speaker 1: and Joe, where do you see the NHL positioned in 441 00:24:29,960 --> 00:24:33,280 Speaker 1: the grand scheme of all sports? Obviously the NFL is 442 00:24:33,320 --> 00:24:36,280 Speaker 1: the gorilla. People are talking about the NBA in this 443 00:24:36,440 --> 00:24:43,400 Speaker 1: international expansion. What is the future growth possibility for hockey? Well, 444 00:24:43,440 --> 00:24:47,359 Speaker 1: I think in the United States the growth has been spectacular. 445 00:24:47,560 --> 00:24:51,480 Speaker 1: The ratings are way up. Uh, as you mentioned earlier, 446 00:24:51,560 --> 00:24:57,040 Speaker 1: it's the millennials and the younger people. Younger generation really 447 00:24:57,080 --> 00:25:02,880 Speaker 1: love our sport and more ink sir are popping around 448 00:25:02,920 --> 00:25:06,720 Speaker 1: the United States all over. So I think it's got 449 00:25:06,720 --> 00:25:10,359 Speaker 1: a great future. The NHL. You got a great commissioner 450 00:25:10,359 --> 00:25:14,280 Speaker 1: and Gary Bettman. He's a dynamic guy. He's he's uh, 451 00:25:14,320 --> 00:25:17,639 Speaker 1: you know, people forget he deserves a lot of credit, 452 00:25:17,720 --> 00:25:20,479 Speaker 1: or maybe most of the credit, because a lot of 453 00:25:20,520 --> 00:25:23,879 Speaker 1: people were the other commissioners didn't really see Vegas as 454 00:25:23,920 --> 00:25:27,640 Speaker 1: an opportunity. He did when Gavin and I had went 455 00:25:27,680 --> 00:25:30,800 Speaker 1: and saw him. We sat down, and you know, we 456 00:25:31,040 --> 00:25:32,560 Speaker 1: didn't know if he was going to throw us out 457 00:25:32,560 --> 00:25:35,879 Speaker 1: of the office or or or really take it seriously 458 00:25:35,960 --> 00:25:38,159 Speaker 1: what she did. So you got to give him the credit, 459 00:25:38,280 --> 00:25:43,680 Speaker 1: I know. But as far as the NHL, great future, great, 460 00:25:44,160 --> 00:25:46,440 Speaker 1: But you're not going to be alone anymore. I've seen 461 00:25:46,480 --> 00:25:49,880 Speaker 1: pictures of Gavin and you hanging out with Mark Davis. 462 00:25:50,119 --> 00:25:52,639 Speaker 1: There's a big, bad NFL team coming to town that 463 00:25:52,760 --> 00:25:56,720 Speaker 1: sucks up a lot of sponsorship dollars. Do you see 464 00:25:56,760 --> 00:26:00,200 Speaker 1: a peaceful coexistence? Cut you off right there. I can 465 00:26:00,240 --> 00:26:02,560 Speaker 1: hardly wait. Then I'm gonna start calling you my wife. 466 00:26:03,880 --> 00:26:06,440 Speaker 1: I got to cut you off, and I'm so excited. 467 00:26:07,040 --> 00:26:09,920 Speaker 1: I mean, I don't know how Foley feels, but as 468 00:26:09,960 --> 00:26:13,000 Speaker 1: far as I'm concerned, I think it's it's gonna be 469 00:26:13,080 --> 00:26:16,679 Speaker 1: great to the city. Why well, why why is it? 470 00:26:16,800 --> 00:26:18,320 Speaker 1: Why is it great for the city, and why is 471 00:26:18,320 --> 00:26:21,080 Speaker 1: it in particular, we're talking about the business of sports. 472 00:26:21,440 --> 00:26:24,399 Speaker 1: Why is it beneficial to the Golden Knights when you 473 00:26:24,440 --> 00:26:28,080 Speaker 1: have to share attention and battle for a limited pool 474 00:26:28,119 --> 00:26:32,359 Speaker 1: of dollars from companies and patrons. Because there's there's enough 475 00:26:32,400 --> 00:26:35,480 Speaker 1: money in this city for for two teams. Now, if 476 00:26:35,480 --> 00:26:38,040 Speaker 1: another team comes in, i'd have to question that. But 477 00:26:38,160 --> 00:26:41,280 Speaker 1: this is a big enough market that can handle to 478 00:26:41,600 --> 00:26:45,400 Speaker 1: two major league franchises, and I and I think it's 479 00:26:45,440 --> 00:26:48,359 Speaker 1: just a matter of supporting each other. We're gonna be 480 00:26:48,560 --> 00:26:53,640 Speaker 1: the biggest supporters of the Raiders and Mark Davis's first class. 481 00:26:54,280 --> 00:26:57,160 Speaker 1: He put a full page ad wishing us the best 482 00:26:57,160 --> 00:27:00,560 Speaker 1: of luck. So my brother Gavin and I have a 483 00:27:00,560 --> 00:27:04,080 Speaker 1: real close relationship with them, and so I think it's 484 00:27:04,119 --> 00:27:08,320 Speaker 1: just gonna be fantastic. It brings more attention to the city. 485 00:27:08,520 --> 00:27:12,520 Speaker 1: It really makes Vegas a major league sports city. Now, 486 00:27:12,640 --> 00:27:16,879 Speaker 1: you know, once you have an NFL franchise, that that's 487 00:27:16,920 --> 00:27:20,320 Speaker 1: that says it all my eyes. You were saying about 488 00:27:20,560 --> 00:27:23,840 Speaker 1: the TV ratings up, and the running joke here is 489 00:27:23,960 --> 00:27:27,200 Speaker 1: I'm an old man bar and I think the best 490 00:27:27,200 --> 00:27:29,879 Speaker 1: thing that happened to hockey was h d t V 491 00:27:30,040 --> 00:27:32,960 Speaker 1: because simply now you can see the puck. Remember back 492 00:27:33,000 --> 00:27:36,280 Speaker 1: the old Peter Pluck days, and they had an idea 493 00:27:36,320 --> 00:27:38,280 Speaker 1: to put a chip in the puck and you had 494 00:27:38,320 --> 00:27:40,760 Speaker 1: the street going on the blue streak and then the 495 00:27:40,800 --> 00:27:44,000 Speaker 1: red streak, this and that whatever. Well, now you have HDTV, 496 00:27:44,200 --> 00:27:49,280 Speaker 1: you can see the Puck. Yeah, yeah, you're right. I agree. 497 00:27:49,400 --> 00:27:52,320 Speaker 1: I know what's fantastic to watch on TV. And also 498 00:27:52,400 --> 00:27:55,320 Speaker 1: the atmosphere too, is they pick it up better with 499 00:27:55,400 --> 00:27:58,399 Speaker 1: the audio and everything. They do a first class job. 500 00:27:58,960 --> 00:28:02,240 Speaker 1: It really is a show, is in it? People don't 501 00:28:02,440 --> 00:28:05,720 Speaker 1: People don't remember or they don't realize. I know we 502 00:28:05,760 --> 00:28:09,199 Speaker 1: think of it's sports and entertainment. We say that, but 503 00:28:09,359 --> 00:28:14,960 Speaker 1: how many folks inside of sport really produce it as 504 00:28:15,119 --> 00:28:20,359 Speaker 1: a show as an entertainment property. Well, you know, I 505 00:28:20,359 --> 00:28:23,040 Speaker 1: think every team goes about it in their own particular 506 00:28:23,080 --> 00:28:26,200 Speaker 1: way whatever they want to the ownership and in our 507 00:28:26,240 --> 00:28:28,080 Speaker 1: in our case, we want to put on a show. 508 00:28:28,160 --> 00:28:32,480 Speaker 1: We wanted to be entertainment. It is uh top entertainment 509 00:28:32,480 --> 00:28:35,080 Speaker 1: in the world comes here every every night. There's something 510 00:28:35,119 --> 00:28:37,720 Speaker 1: going on. So you know, if you want to compete, 511 00:28:37,720 --> 00:28:41,680 Speaker 1: you gotta you gotta compete with what you're in the city, 512 00:28:41,720 --> 00:28:44,240 Speaker 1: which is the best of everything. You have the best 513 00:28:44,680 --> 00:28:47,480 Speaker 1: rock bands come, the best hip hop, the best DJs. 514 00:28:48,240 --> 00:28:51,640 Speaker 1: The city wants the best of everything. You're in a 515 00:28:51,680 --> 00:28:57,240 Speaker 1: partnership with a e G. Operating that facility. How important 516 00:28:57,240 --> 00:28:59,920 Speaker 1: is it to have the kind of building you've got 517 00:29:00,160 --> 00:29:01,880 Speaker 1: when you're starting out sort of the state of the 518 00:29:02,040 --> 00:29:05,360 Speaker 1: art where you can really drive revenue. How much of 519 00:29:05,360 --> 00:29:08,880 Speaker 1: your revenue comes from that building? A lot, A lot 520 00:29:08,880 --> 00:29:12,680 Speaker 1: of the revenue comes from from the building concessions, of course, 521 00:29:12,760 --> 00:29:17,120 Speaker 1: and then all the in arena advertising is very important, 522 00:29:17,120 --> 00:29:21,480 Speaker 1: and then local television. It all adds up, but it's 523 00:29:21,680 --> 00:29:25,680 Speaker 1: it's very important. When will Vegas have an NHL All 524 00:29:25,720 --> 00:29:28,840 Speaker 1: Star Game? I attended the NBA All Star Game in Vegas, 525 00:29:29,240 --> 00:29:31,280 Speaker 1: first one outside of an NBA city. I know you 526 00:29:31,360 --> 00:29:34,480 Speaker 1: had a good time. Then when do you apply for 527 00:29:34,560 --> 00:29:37,160 Speaker 1: an NHL All Star Game? And I'm sure right behind 528 00:29:37,320 --> 00:29:41,920 Speaker 1: that we're talking Super Bowl. That's the big man, Mr Bittman. 529 00:29:44,080 --> 00:29:47,080 Speaker 1: He's the only guy that knows that answer. You'd love 530 00:29:47,080 --> 00:29:52,000 Speaker 1: to oh, yeah, yes, yes, we want an NHL Yes show, 531 00:29:52,080 --> 00:29:56,160 Speaker 1: we do, Yes we do. I had to ask about 532 00:29:56,160 --> 00:29:57,880 Speaker 1: you going back to what you're talking about getting the 533 00:29:57,920 --> 00:30:02,080 Speaker 1: youth involved in hockey, and you wouldn't think out in 534 00:30:02,120 --> 00:30:04,120 Speaker 1: the middle of the desert in Las Vegas is like 535 00:30:04,280 --> 00:30:07,160 Speaker 1: who's playing hockey out there? Now? All of a sudden, 536 00:30:07,320 --> 00:30:10,080 Speaker 1: you guys have hit the scene and as you said earlier, 537 00:30:10,680 --> 00:30:14,240 Speaker 1: this thing is on the rise and gone. Talk more. 538 00:30:14,280 --> 00:30:17,760 Speaker 1: If you can't expanding about getting the youth involved in 539 00:30:17,880 --> 00:30:23,080 Speaker 1: hockey and how extremely important it is for the sport itself. Well, 540 00:30:23,120 --> 00:30:26,200 Speaker 1: if the if the sport is going to survive and prosper, 541 00:30:26,280 --> 00:30:30,080 Speaker 1: it has to do it through the youth. And the 542 00:30:30,120 --> 00:30:33,760 Speaker 1: way you do that is well obviously that it helps 543 00:30:33,800 --> 00:30:36,080 Speaker 1: to wear and of course, and this has been such 544 00:30:36,120 --> 00:30:39,360 Speaker 1: a fantasy season, but for the most part, it's just 545 00:30:39,720 --> 00:30:46,240 Speaker 1: it's going to the schools, getting the youth involved, building ranks, UH, 546 00:30:46,400 --> 00:30:51,800 Speaker 1: starting leagues. UH. Our our ice time at the practice 547 00:30:51,840 --> 00:30:55,080 Speaker 1: facility is tied up acent of the time. So the 548 00:30:55,160 --> 00:30:57,160 Speaker 1: key is to get to the youth is you've got 549 00:30:57,240 --> 00:30:59,880 Speaker 1: to build more rinks. You gotta get to them young 550 00:31:00,520 --> 00:31:05,520 Speaker 1: in grade school with jerseys, with shirts, have your players 551 00:31:05,560 --> 00:31:09,480 Speaker 1: make appearances at the school, go to the hospitals to 552 00:31:09,800 --> 00:31:12,880 Speaker 1: you know, just everything you can to ingratiate yourself at 553 00:31:12,880 --> 00:31:18,000 Speaker 1: the local community. And I think that Bill and everybody's 554 00:31:18,040 --> 00:31:20,840 Speaker 1: been able to do that. Right now, we've done a lot. 555 00:31:20,920 --> 00:31:26,200 Speaker 1: I gave I bought a a canine, German shepherd canine, 556 00:31:26,200 --> 00:31:28,480 Speaker 1: and I gave it to the police department here after 557 00:31:28,560 --> 00:31:32,320 Speaker 1: the tragedy, and they named at night things like that. 558 00:31:34,160 --> 00:31:38,560 Speaker 1: Can you tell us about that about that experience, the 559 00:31:38,600 --> 00:31:43,600 Speaker 1: city itself, how it has rebuilt from just that horrific day. 560 00:31:43,640 --> 00:31:47,479 Speaker 1: I mean, everybody knows what happened. Can you can you 561 00:31:48,040 --> 00:31:51,000 Speaker 1: take us through that on if you remember that day 562 00:31:51,080 --> 00:31:54,960 Speaker 1: and and what went through your mind. Oh, just shocking 563 00:31:55,080 --> 00:31:58,280 Speaker 1: and just the most horrible thing that I've ever been through. 564 00:31:58,960 --> 00:32:04,680 Speaker 1: Just the shocking of and um, just horrifying. You know, 565 00:32:04,720 --> 00:32:07,800 Speaker 1: it's hard to describe it. Just it just it is 566 00:32:07,840 --> 00:32:11,160 Speaker 1: what it was, and it was. But what it did 567 00:32:11,280 --> 00:32:14,080 Speaker 1: do what it did do is it's It's brought a 568 00:32:14,120 --> 00:32:18,800 Speaker 1: sense of community together. It's brought everybody together, all the 569 00:32:18,880 --> 00:32:23,200 Speaker 1: memorial services, uh that those type things that went on 570 00:32:23,360 --> 00:32:30,120 Speaker 1: after and still today, just just the whole community. That's 571 00:32:30,160 --> 00:32:34,000 Speaker 1: that's why this This Night's Team, That's why this Golden 572 00:32:34,080 --> 00:32:37,160 Speaker 1: Night's Team has been so great, because it's been able 573 00:32:37,200 --> 00:32:39,760 Speaker 1: to take our mind off that tragedy a little bit 574 00:32:40,760 --> 00:32:43,240 Speaker 1: and bring it to sports and bring it to something 575 00:32:43,280 --> 00:32:47,000 Speaker 1: that's fun and exciting. And you've got you have strangers 576 00:32:47,040 --> 00:32:50,160 Speaker 1: hugging each other outside the arena of people. Come on, 577 00:32:50,200 --> 00:32:53,560 Speaker 1: this is Vegas. I've seen that for years. Joe. Yeah. 578 00:32:53,800 --> 00:32:55,760 Speaker 1: I mean, of course somebody was telling somebody else, but 579 00:32:55,840 --> 00:33:03,000 Speaker 1: I've seen it for years. Yeah, what's next for the 580 00:33:03,040 --> 00:33:05,480 Speaker 1: Malouf family? You guys do not sit still. I know 581 00:33:05,560 --> 00:33:07,480 Speaker 1: your loving being back in sports. What's next for the 582 00:33:07,520 --> 00:33:09,760 Speaker 1: Malu family? Well, we got it. We have a great 583 00:33:09,760 --> 00:33:12,680 Speaker 1: new product. It's called Drink A d R I n 584 00:33:12,800 --> 00:33:16,520 Speaker 1: K A d E. And it's a vitamin supplement and 585 00:33:16,560 --> 00:33:21,640 Speaker 1: it's a fantastic little drink. It's a three point four shot. Uh, 586 00:33:21,960 --> 00:33:25,240 Speaker 1: not an energy drink, but it's a to prevent and 587 00:33:25,360 --> 00:33:28,320 Speaker 1: to recover from from a night out on the town. 588 00:33:28,440 --> 00:33:32,400 Speaker 1: Celebrate and steel. Great, that's what it doesn't that I'm 589 00:33:32,440 --> 00:33:34,720 Speaker 1: gonna say, I see I see a Christmas gift in 590 00:33:34,760 --> 00:33:42,080 Speaker 1: the bar household. Yeah, that's right. We're pedally Matt right now. 591 00:33:42,120 --> 00:33:45,200 Speaker 1: And we've got some other things Joel George and everything. 592 00:33:45,280 --> 00:33:47,960 Speaker 1: Yeah yeah. Joe Malouf part owner of the Vegas Golden Nights. 593 00:33:47,960 --> 00:33:50,760 Speaker 1: Thank you very much. Joe do appreciate it. Thank you all. 594 00:33:50,800 --> 00:33:54,360 Speaker 1: Thank you very much. Takeaways from the interview. Joe Malouf 595 00:33:54,400 --> 00:33:56,680 Speaker 1: is a very down to earth guy when you talk 596 00:33:56,760 --> 00:33:59,840 Speaker 1: to him. So when we were talking about the team, 597 00:34:00,080 --> 00:34:03,480 Speaker 1: and you hear the excitement in his voice about how 598 00:34:03,520 --> 00:34:06,720 Speaker 1: important it was to get not only the youth involved 599 00:34:07,120 --> 00:34:10,680 Speaker 1: in the excitement for the team also the locals, and 600 00:34:10,760 --> 00:34:12,520 Speaker 1: that's the key to the whole thing of building a 601 00:34:12,560 --> 00:34:15,279 Speaker 1: strong fandaise. I'll tell you the word I use for 602 00:34:15,360 --> 00:34:19,400 Speaker 1: Joe is folksy. He's very folksy, and he and I 603 00:34:19,480 --> 00:34:21,200 Speaker 1: became pals. And I don't know how many years ago 604 00:34:21,239 --> 00:34:23,000 Speaker 1: it was, but I wrote a story about Joe and 605 00:34:23,040 --> 00:34:26,640 Speaker 1: Gavin in the Sacramento Kings and his mother's local paper 606 00:34:26,680 --> 00:34:30,399 Speaker 1: happened to use it, so she read the story. She 607 00:34:30,560 --> 00:34:33,200 Speaker 1: called Joe and Gavin, and if you can make their 608 00:34:33,280 --> 00:34:36,320 Speaker 1: mom happy, you know, then we were in forever. And 609 00:34:36,320 --> 00:34:38,839 Speaker 1: it just we just became friendly. I like the way 610 00:34:38,880 --> 00:34:42,520 Speaker 1: they treat people. I like their philosophy of cater to 611 00:34:42,560 --> 00:34:45,080 Speaker 1: the customer. And he said that during the interview. We 612 00:34:45,160 --> 00:34:47,560 Speaker 1: we like to cater to the customer. We want people 613 00:34:47,560 --> 00:34:50,200 Speaker 1: to have a great time. They're about hospitality. We once 614 00:34:50,200 --> 00:34:52,840 Speaker 1: walked into the Palms and the security guard in the 615 00:34:52,840 --> 00:34:56,520 Speaker 1: front was standing there rather sternly, and he walked over, 616 00:34:56,520 --> 00:34:59,320 Speaker 1: but in a very nice way. He was like, smile. 617 00:35:00,239 --> 00:35:03,279 Speaker 1: We don't want people being intimidated when they walk into 618 00:35:03,360 --> 00:35:07,080 Speaker 1: our place. It's good. Life is good. Smile make them 619 00:35:07,120 --> 00:35:10,960 Speaker 1: feel welcome. That attention to detail is what the Malus 620 00:35:11,000 --> 00:35:12,880 Speaker 1: put into their sports properties. So I can hear that 621 00:35:12,920 --> 00:35:15,000 Speaker 1: in his voice when we were talking to him. Yeah, 622 00:35:15,320 --> 00:35:17,480 Speaker 1: and it's also a byproduct of the lessons drilled in 623 00:35:17,520 --> 00:35:21,080 Speaker 1: by their father. Obviously he was a wealthy man and 624 00:35:21,160 --> 00:35:23,239 Speaker 1: he went to work. Joe and Gavin worked at the 625 00:35:23,239 --> 00:35:27,280 Speaker 1: beer distributorship and you know where. They started sweeping the floor, 626 00:35:27,400 --> 00:35:30,160 Speaker 1: and their father wanted them to know the business from 627 00:35:30,200 --> 00:35:32,799 Speaker 1: the ground up, so they had delivery routes. They had 628 00:35:32,800 --> 00:35:35,000 Speaker 1: to run routes and deliver you know, the like the 629 00:35:35,080 --> 00:35:37,920 Speaker 1: cases of beer. Because he always feared what if some 630 00:35:38,120 --> 00:35:41,800 Speaker 1: driver came in and said, oh, delivered twelve thousand cases today. 631 00:35:42,040 --> 00:35:44,680 Speaker 1: Joe and Gavin, if they'd never done the job, they 632 00:35:44,719 --> 00:35:47,360 Speaker 1: wouldn't know if that's a lot, a little. They have 633 00:35:47,440 --> 00:35:50,240 Speaker 1: no frame of reference. So he wanted them to learn 634 00:35:50,480 --> 00:35:52,759 Speaker 1: from the bottom up. Yes, they were the owner's kid, 635 00:35:53,320 --> 00:35:58,680 Speaker 1: but they had to sweep the floor first. Feel better 636 00:35:58,719 --> 00:36:01,040 Speaker 1: to be number one than number five, power number because 637 00:36:01,040 --> 00:36:02,560 Speaker 1: of mine, we have a chance to go for three 638 00:36:02,600 --> 00:36:04,200 Speaker 1: in a row. Good numbers are a good time. And 639 00:36:04,239 --> 00:36:06,320 Speaker 1: I first started wearing the number, I would just have 640 00:36:06,480 --> 00:36:11,680 Speaker 1: the Floomberg business of sports. The number of the week time. 641 00:36:11,719 --> 00:36:13,840 Speaker 1: Now for the number of the week, I'm going to 642 00:36:13,880 --> 00:36:16,960 Speaker 1: say it this way, one oh two, because if I 643 00:36:17,000 --> 00:36:20,160 Speaker 1: say it another way, you'll easily get where I'm going 644 00:36:20,200 --> 00:36:23,520 Speaker 1: with one oh two hundred and to How else could 645 00:36:23,560 --> 00:36:26,600 Speaker 1: you say one day? By the way, this is obviously 646 00:36:26,640 --> 00:36:28,680 Speaker 1: one of the weeks. We have not discussed it ahead 647 00:36:28,680 --> 00:36:34,160 Speaker 1: of time. One oh two. Nothing comes to I have 648 00:36:34,320 --> 00:36:36,680 Speaker 1: no idea how I'm going to say it the other way. 649 00:36:36,880 --> 00:36:45,400 Speaker 1: One hundred second? What are the is this the Belmont? Indeed? Alright? 650 00:36:45,520 --> 00:36:48,719 Speaker 1: One hundred second running of the ind five hundred Congratulations 651 00:36:48,800 --> 00:36:53,520 Speaker 1: will Power? Who is the champions? That's a cool name, 652 00:36:53,520 --> 00:36:57,560 Speaker 1: Willpower will Power Quinn Martin Production. Yeah, yeah, that would 653 00:36:57,560 --> 00:37:00,279 Speaker 1: be great. You gonna make me go to aren't it 654 00:37:00,320 --> 00:37:02,680 Speaker 1: be Jones? Because I can do that if you want 655 00:37:02,719 --> 00:37:06,239 Speaker 1: to and his nephew jebbed Diet, I can do it. 656 00:37:07,520 --> 00:37:09,959 Speaker 1: Oh it was. That was a great Indie And and 657 00:37:10,080 --> 00:37:12,200 Speaker 1: by the way, it was Nanni Ka Patrick's last race. 658 00:37:12,880 --> 00:37:14,480 Speaker 1: And I want to bring this up to about the 659 00:37:14,560 --> 00:37:16,759 Speaker 1: number because yes, she spun out. There were a lot 660 00:37:16,800 --> 00:37:19,560 Speaker 1: of single car spins. It wasn't just her, and there 661 00:37:19,600 --> 00:37:23,240 Speaker 1: were some big names. Tony Cannon, he spun out, Elio 662 00:37:23,360 --> 00:37:26,480 Speaker 1: Castro Nevis, he spun out. These are single car spins. 663 00:37:26,600 --> 00:37:30,279 Speaker 1: Sebastian board Day, he spun out. So and I can 664 00:37:30,320 --> 00:37:33,200 Speaker 1: go on so this this you know people are trying 665 00:37:33,200 --> 00:37:36,360 Speaker 1: to get on down. She crashed out. Well, hey, you 666 00:37:36,400 --> 00:37:39,680 Speaker 1: know a lot of big drivers were in it too, 667 00:37:40,000 --> 00:37:42,160 Speaker 1: that spo. If I just looked at the names, I 668 00:37:42,160 --> 00:37:44,759 Speaker 1: would say, how does anybody have a chance against Willpower? 669 00:37:45,760 --> 00:37:48,799 Speaker 1: That's a that's a great. Name is a great It's 670 00:37:48,840 --> 00:37:51,800 Speaker 1: like picking the n c A tournament by which mascot 671 00:37:51,840 --> 00:37:55,239 Speaker 1: would beat which mascot. I'm telling you. If you had 672 00:37:55,280 --> 00:37:57,279 Speaker 1: showed me a list of drivers and I had to 673 00:37:57,280 --> 00:37:59,080 Speaker 1: put five bucks on the race, I said, give me 674 00:37:59,120 --> 00:38:01,480 Speaker 1: five on will Power. There was only one other driver 675 00:38:01,600 --> 00:38:04,239 Speaker 1: back in the day that in NASCAR they had even 676 00:38:04,280 --> 00:38:07,480 Speaker 1: a better name. His name was Lake Speed. That's perfect. 677 00:38:08,040 --> 00:38:13,360 Speaker 1: I kind of like Buzz Lightyear. And you've been listening 678 00:38:13,400 --> 00:38:16,319 Speaker 1: to Bloomberg Business of Sports. We are here each and 679 00:38:16,320 --> 00:38:18,480 Speaker 1: every week at the same time, exploring the world of 680 00:38:18,520 --> 00:38:21,280 Speaker 1: money and sports. I'm Michael barn and I'm Scott Sashnik. 681 00:38:21,320 --> 00:38:23,200 Speaker 1: Thank you for joining us. Please turn in next week 682 00:38:23,200 --> 00:38:25,040 Speaker 1: when we speak with the biggest and brightest in the 683 00:38:25,120 --> 00:38:28,640 Speaker 1: sports business industry. You're listening to Bloomberg Business of Sports 684 00:38:28,640 --> 00:38:31,640 Speaker 1: from Bloomberg Radio around the world and online as an 685 00:38:31,640 --> 00:38:33,040 Speaker 1: Apple podcast on nine Tunes.