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Speaker 1: Hello, I'm en nobody will use him. Michael bar And

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Speaker 1: this is the Bloomberg Business of Sports podcast, where two

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Speaker 1: thirds of weeks explore the big money issues in the

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Speaker 1: world of sports. Scott Sasnik our partner, he is off. Yeah,

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Speaker 1: So listeners out there, if you're if you're looking for

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Speaker 1: youth youth hockey updates, you've come to the wrong podcast, unfortunately. Uh.

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Speaker 1: We got a lot to talk about though. Let's talk

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Speaker 1: about the Carolina Panthers. First of all, are they going

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Speaker 1: to move their headquarters and their training facility? Yeah. One

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Speaker 1: of the big questions facing hedge fund billionaire David Tepper

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Speaker 1: when he bought the team last year, uh, was what

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Speaker 1: the team was gonna do with it's with its practice facility,

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Speaker 1: how much money he wanted to put into it. Uh.

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Speaker 1: It's clear they need a new facility. The big question

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Speaker 1: now is where is that facility going to go? As

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Speaker 1: you know, the Panthers play in in Charlotte right now,

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Speaker 1: which is North Carolina just kind of over the border

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Speaker 1: in South Carolina, and South Carolina is courting the Panthers,

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Speaker 1: you know, So there's some question right now as to

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Speaker 1: whether if they build this new facility, is it going

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Speaker 1: to be in North Carolina? Is it going to be

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Speaker 1: in South Carolina? So there could be a whole brand

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Speaker 1: new stadium in South Carolina. Uh, let me put it

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Speaker 1: this way, not in Charlotte. Let me put it Yeah, exactly,

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Speaker 1: and this makes sense. I mean, we've talked so much

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Speaker 1: on this show about sports teams becoming real estate companies. Right,

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Speaker 1: you know, the practice facility right now is right next

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Speaker 1: to Bank of America Stadium in downtown Charlotte. If you

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Speaker 1: move that out, you suddenly have a lot of land

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Speaker 1: that you can play with. David Tepper as a smart man,

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Speaker 1: he understands land in downtown Charlotte. You can put in

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Speaker 1: an entertainment district. You can put in retail, you can

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Speaker 1: put in restaurants. You know, there's a lot of opportunities

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Speaker 1: you can do to develop the land around that stadium

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Speaker 1: if you suddenly have a couple of acres pop up

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Speaker 1: and then too Uh, just like Dallas has done the

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Speaker 1: Dallas Cowboys down in Frisco, Texas, which is about forty

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Speaker 1: miles away from their stadium, you can create kind of

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Speaker 1: a second hub for your team. Right if you develop

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Speaker 1: a practice facility somewhere else and then you know, just

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Speaker 1: like we're talking about in Charlotte, maybe put in some

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Speaker 1: some some retail, put in some hotels, put in a

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Speaker 1: theater or whatever it is. You can suddenly have kind

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Speaker 1: of two areas where your team is tremendously popular, where

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Speaker 1: you own, you're making money off of the properties that

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Speaker 1: are there, um and that may end up being in

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Speaker 1: South Carolina. Now here's if you're writing the pros and

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Speaker 1: cons list, this is on the con side because first

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Speaker 1: of all, in Charlotte, obviously you have the NBA teams,

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Speaker 1: which is a big draw. Yes, I'm going NASCAR, that's right. Yeah,

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Speaker 1: about two minutes into this thing. They're not far from Charlotte.

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Speaker 1: So why move when you have that connection? I mean money, right,

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Speaker 1: I mean that's the big thing that we've seen this

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Speaker 1: so many times from Amazon Shopping, It's HQ two all

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Speaker 1: the way through. You know, name a professional team that

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Speaker 1: wants to get a new stadium. If you have multiple

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Speaker 1: jurisdictions essentially bidding for for your services in terms of

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Speaker 1: tax breaks, land deals, cheaply end etcetera, you're gonna end

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Speaker 1: up with a better deal. Right. So so if you're

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Speaker 1: the Carolina Panthers, you can talk to Charlotte or whoever

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Speaker 1: it is in North Carolina. You can also talk to

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Speaker 1: you know, the some of the towns across the border

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Speaker 1: in South Carolina and say, listen, you know the Charlotte's

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Speaker 1: offering me ex tax break. What are you gonna give

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Speaker 1: me if I moved down to South Carolina. So it's

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Speaker 1: a it's a playbook that gets used all the time.

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Speaker 1: And if people are curious that Charlotte Observer did a

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Speaker 1: good story on this recently. Um, but you know, the

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Speaker 1: the the ability to play multiple places off of each

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Speaker 1: other is likely going to end up with a sweetheart

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Speaker 1: deal of a sort for the Panthers. Don't forget that

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Speaker 1: when you know, when when the Cowboys started their their

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Speaker 1: facility down at Firstco, I think, firstgo put up the

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Speaker 1: hundred and fifteen million dollars to start that, right, so

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Speaker 1: you can end up if if you if you play

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Speaker 1: your cards wisely, you can end up with a tremendous deal,

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Speaker 1: uh and a big financial package to jump start whatever

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Speaker 1: you're building. So Tepper might be reading his new book

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Speaker 1: Build It, and they will come. Yeah, he he's a

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Speaker 1: smart man. I think he Uh the two point three

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Speaker 1: billion that he put into the Panthers is not the

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Speaker 1: only investment he's gonna make, but he's gonna do it wisely.

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Speaker 1: Now the topic NBC Sports the trademarking sports betting. Yeah,

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Speaker 1: it's funny the UH this this broke a couple of

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Speaker 1: days ago, NBC UH buying domain names uh, possibly for

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Speaker 1: for a launch into sports betting. You know the domain

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Speaker 1: names NBC sports Book dot com and NBC Sports sports

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Speaker 1: Book dot com. They also bought non dot com versions

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Speaker 1: of NBC Sports bet uh, NBC Sports Book and NBC

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Speaker 1: Sports Betting. Um. You know that. You can read the

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Speaker 1: tea leaves two ways here. One is that you know

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Speaker 1: they're looking to launch something which you know wouldn't surprise

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Speaker 1: me at all. You can also look at this and

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Speaker 1: think it's a defensive measure. You know, the reason they

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Speaker 1: bought those non dot coms but because people had already

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Speaker 1: bought up and are squatting on the actual dot COM's.

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Speaker 1: But there's no question that if you look ahead towards

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Speaker 1: two thousand nineteen, one of these big stories is the

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Speaker 1: proliferation of legal sports betting in the US, and specifically

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Speaker 1: these big company He's like NBC who are certainly looking

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Speaker 1: at getting into it. That just reminds me of that

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Speaker 1: Internet squatting that it's it's it's a nuts world. Yeah.

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Speaker 1: And the what the Brooklyn Nets, I think had a

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Speaker 1: famous one right where the where the the owner of

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Speaker 1: nets dot com was just rerouting it to whatever team

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Speaker 1: that the Nets were playing that night as a way

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Speaker 1: to troll the Nets to try to get them to

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Speaker 1: buy it. I think the Cowboys dot Com sold for

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Speaker 1: a lot of money to someone who had just pounced

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Speaker 1: on it when he when, when he or she could. Um,

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Speaker 1: that's a crazy world. Yeah. But looking at the sports

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Speaker 1: betting stuff, I mean it, it makes sense that that

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Speaker 1: these companies are gonna these media companies are going to

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Speaker 1: jump into it. Kind of the holy grail of sports

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Speaker 1: betting is being able to show the game and have

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Speaker 1: betting simultaneously next to it on the same platform, you know.

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Speaker 1: And and NBC, you know, with with their tremendous amount

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Speaker 1: of rights, whether it's NASCAR, whether it's English Premier League,

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Speaker 1: whether it's NFL, etcetera, these companies have the ability to

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Speaker 1: do that. The question is what does the gambling thing

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Speaker 1: look like? Uh? And I think that I would caution

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Speaker 1: people who think that NBC is going to operate their

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Speaker 1: own book. But I could certainly see a company, you know,

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Speaker 1: insert DraftKings fan, Duel, William Hill, whoever, doing a white label,

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Speaker 1: you know, so creating it for NBC and running it

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Speaker 1: together in a partnership. There's tons of possibilities, but you

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Speaker 1: can you can bet your money on the fact that

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Speaker 1: in the next twelve months, companies like NBC, like oh, Yahoo,

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Speaker 1: that Verizon tie up, they're gonna get into sports betting

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Speaker 1: in some direct way. And people shouldn't be surprised about

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Speaker 1: this that a network is getting into this. I mean

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Speaker 1: CBS Sports. They have a big fantasy sports of course,

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Speaker 1: and if you go over to London, for example, where

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Speaker 1: the sports betting culture is fully ingrained into into sports fandom. Uh,

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Speaker 1: this is something you see already, you know Sky over there.

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Speaker 1: It's a huge media network and also a huge sports book.

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Speaker 1: So those things go in tandem in legal places around

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Speaker 1: the world. No reason why the U S should be

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Speaker 1: any different. Now, this is the next story we're talking about.

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Speaker 1: This is the story that I really like, and let's

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Speaker 1: let's tell you what it is. It's they have let's say,

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Speaker 1: gift baskets that have been handed out during the college

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Speaker 1: Bowls and still more to come. Yeah, every year. You know,

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Speaker 1: if you're a college bowl game, you can create a

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Speaker 1: gift basket this year, the in kind value you can

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Speaker 1: go up to five fifty dollars to every player playing

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Speaker 1: in the ball game. And you know, we can save

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Speaker 1: the debate for another day about whether why there's any

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Speaker 1: difference between a college football player getting five fifty dollars

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Speaker 1: in gift cards versus the cash that that rules them

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Speaker 1: ineligible to play um. But it's kind of become a

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Speaker 1: fun way of looking at the way all these different

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Speaker 1: ball games around the country, the way they use up

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Speaker 1: that five fifty dollars to lower athletes. Did you look

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Speaker 1: at the I mean, did you look at the list?

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Speaker 1: Some of these things are hilarious. Let's they all donation

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Speaker 1: cure bole. They played this on. Here are some of

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Speaker 1: the things they got in their gift basket. Holloway Force jacket,

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Speaker 1: sunglasses with carry case, energizer, power bank, a Duffel bag,

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Speaker 1: pebble beach slides. I'm assuming that's like flip flop. I'm sorry,

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Speaker 1: old man came out there. Oh yeah, and then you

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Speaker 1: get a T shirt and a cap complements a wheel. Unfortunately, amazing. Yeah,

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Speaker 1: there's you know, there's Fannie packs here, there's a Looha shirts.

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Speaker 1: So some of the my favorite ones at the Quick

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Speaker 1: Lane Bowl, which is December life size fathead decal for

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Speaker 1: each player of his own likeness. Who don't you love

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Speaker 1: a Michael Barr like full on ahead that you can

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Speaker 1: put on the wall. I know what my son say,

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Speaker 1: which one's the fat head? But I mean some of

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Speaker 1: these things are really cool. By the way, as we

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Speaker 1: go on and as we go to the big one

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Speaker 1: in the BSc Championship, they don't discuss business at the

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Speaker 1: dinner table because they didn't reveal Yeah, yeah, they didn't.

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Speaker 1: They didn't put it out. The other thing you're seeing

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Speaker 1: a lot in here is is gift suite, you know.

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Speaker 1: So it's becoming very common to bring these players. They

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Speaker 1: do this at the Super Bowl a lot as well.

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Speaker 1: Um to bring these players into a room that has

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Speaker 1: a lot of different options and they essentially have a

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Speaker 1: set amount of things they can get and they walk

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Speaker 1: around and and pick it. Personalized bubble ahead of each student.

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Speaker 1: For the College Football Playoffs semifinal, the one between Alabama

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Speaker 1: and Oklahoma, the Military Bowl giving out a Dell Mobile

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Speaker 1: projector I thought that was pretty cool. Yeah, do you

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Speaker 1: see where they came out in the Citrus Bowl was

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Speaker 1: just a best Buy gift card. I think that that

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Speaker 1: makes sense. Another one one of my favorites the Belk Bowl,

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Speaker 1: which is a department store down in Charlotte. They give

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Speaker 1: a shopping spree to two players every year. And I

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Speaker 1: don't know if you remember this, but an Arkansas player

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Speaker 1: a couple of years ago got caught shoplifting during the

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Speaker 1: shopping spree. Yeah. I do remember that. I'm like, don't

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Speaker 1: wreck it for the rest of it. Amazing. Yeah. And

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Speaker 1: a lot of these a lot of the things in

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Speaker 1: these gift baskets come from bowl sponsor. Uh and we'll

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Speaker 1: we'll use that to tee up the guests we have

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Speaker 1: coming up on Thursday of this week. Who is the

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Speaker 1: executive director of the Fiesta Bowl, who talked a bit

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Speaker 1: about PlayStation which is their main sponsor, which is also

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Speaker 1: playing a role in their gift basket, which people should

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Speaker 1: listen to because it shocked me. By the way. What

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Speaker 1: is ap kit? That's a toiletree bag. I think I

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Speaker 1: believe toilet bag because dop kit sounds more official. Would

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Speaker 1: you would you use a Texas bowl belt buckle. You

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Speaker 1: think about that. Yeah, I think so too. Yeah, there's

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Speaker 1: there's there's cowboy hats here. By the way. The cheese

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Speaker 1: at bowl, I think to me, is the is that

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Speaker 1: takes the cake on all this, um this is this

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Speaker 1: is the full cheese a bowl gift basket, the fossil

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Speaker 1: watch within grave case back, jb L Bluetooth speaker bag,

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Speaker 1: O cornhole set, a Yeti cooler, a Yetti rambler, dry

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Speaker 1: Duffel bag, a roomy reveal it back. I have no

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Speaker 1: idea what that is, Brandon Bill's cap and a dollar

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Speaker 1: shave club starter set. One more of a college athlete

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Speaker 1: want than those nine or ten things right there. Well,

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Speaker 1: hey man, you are our gift basket man. Just let

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Speaker 1: you know. Uh. This has been the Bloomberg Business of

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Speaker 1: Sports podcast. I'm Michael Barr along with Evan Nobi william

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Speaker 1: As we miss you, Scott. Join us again at the

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Speaker 1: end of the week when we speak with Mike Neely,

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Speaker 1: the executive director of the Fiesta Bole, talking gift baskets

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Speaker 1: and the business of college football's playoffs. We are here

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Speaker 1: each and every Monday, Wednesday and Thursday on. That makes

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Speaker 1: me think of remember the Godfather by the Way, Monday, Tuesday, Saturday, Here, Monday,

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Speaker 1: Wednesday and Thursday on Bloomberg Radio around the world and

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Speaker 1: online where you get your podcast