1 00:00:00,280 --> 00:00:03,760 Speaker 1: This is the business of sports. Should Major League Baseball 2 00:00:04,000 --> 00:00:06,840 Speaker 1: shorten up the season? How do we present football to 3 00:00:06,920 --> 00:00:08,920 Speaker 1: the audience of the future. I don't think that most 4 00:00:08,920 --> 00:00:12,160 Speaker 1: players understand the power that they have. The future of 5 00:00:12,160 --> 00:00:16,439 Speaker 1: IndyCar racing is looking bright. Scott Sashnik, very basic math here, 6 00:00:16,480 --> 00:00:19,319 Speaker 1: more bidders means more money, Evan Nobody Williams. The team 7 00:00:19,520 --> 00:00:22,599 Speaker 1: value has essentially quadruples. And the leaders in the sports 8 00:00:22,640 --> 00:00:25,840 Speaker 1: industry time to bring in our guest, hal Steinnbrunner, National 9 00:00:25,840 --> 00:00:29,320 Speaker 1: Hockey League Commissioner Gary Bettman, Atlanta Braves president Derek Schiller, 10 00:00:29,400 --> 00:00:34,760 Speaker 1: Patriots President Jonathan Kraft. Bloomberg Business of Sports from Bloomberg Radio. Hello, 11 00:00:34,800 --> 00:00:37,199 Speaker 1: I'm Michael bar and I'm Scott Sashnik. Every week at 12 00:00:37,240 --> 00:00:40,120 Speaker 1: this time plus Monday's, Wednesdays and Thursdays, we explore the 13 00:00:40,159 --> 00:00:42,400 Speaker 1: big money issues in the world of sports. And we 14 00:00:42,479 --> 00:00:46,159 Speaker 1: know Evan has other things to do today, a business 15 00:00:46,200 --> 00:00:48,880 Speaker 1: week chat or something the like. I know he's talking 16 00:00:48,880 --> 00:00:51,760 Speaker 1: about Super Bowl stuff to Rome. Yeah, so he's his 17 00:00:51,840 --> 00:00:54,640 Speaker 1: duties are taking into business week. But he's gonna come 18 00:00:54,680 --> 00:00:56,920 Speaker 1: back later and be there for our interview with Kevin 19 00:00:56,960 --> 00:00:59,840 Speaker 1: Demoff of the Rams. But first We're going to the 20 00:01:00,160 --> 00:01:02,640 Speaker 1: side scoop of what is happening in Atlanta as we 21 00:01:02,680 --> 00:01:06,240 Speaker 1: get up for Super Bowl fifty three. Joining us from 22 00:01:06,319 --> 00:01:10,880 Speaker 1: Atlanta is Bloomberg News reporter Janet Woo, who got the 23 00:01:10,920 --> 00:01:14,880 Speaker 1: coolest assignment to be at the Super Bowl. Hello Janet, Hey, 24 00:01:14,920 --> 00:01:18,120 Speaker 1: sorry guys, I took it from you. See now the 25 00:01:18,120 --> 00:01:20,920 Speaker 1: coolestssignment that's this is not what I understand. Bar You know, 26 00:01:21,040 --> 00:01:24,360 Speaker 1: I cannot stand sports talk radio. Janet, And you can 27 00:01:24,400 --> 00:01:28,000 Speaker 1: hear the hum in the back. Janet is on Radio Row, 28 00:01:28,080 --> 00:01:30,200 Speaker 1: which I referred to as the Eighth Circle of Hell 29 00:01:30,560 --> 00:01:34,600 Speaker 1: because it's every every sports radio station in the world 30 00:01:34,640 --> 00:01:38,160 Speaker 1: and every jock who's yelling and has an opinion on 31 00:01:38,240 --> 00:01:40,840 Speaker 1: the tight end and whether they should have thrown all 32 00:01:40,880 --> 00:01:43,880 Speaker 1: of them, two thousand of yews. Yeah, no, no, no, See, 33 00:01:43,920 --> 00:01:46,520 Speaker 1: we don't do that. We're the business of sports. We 34 00:01:46,600 --> 00:01:48,640 Speaker 1: don't really care about barks a little bit about the 35 00:01:48,680 --> 00:01:51,560 Speaker 1: on field stuff. But it's just imagine two thousand of 36 00:01:51,600 --> 00:01:55,240 Speaker 1: the most opinionated, loud and bad smelling people on the 37 00:01:55,280 --> 00:01:57,880 Speaker 1: face of the earth in one room. I know it's 38 00:01:57,920 --> 00:02:00,920 Speaker 1: a big room, but that's where it is. Are you 39 00:02:01,000 --> 00:02:04,160 Speaker 1: enjoying yourself it's fun. But yeah, you are correct. You 40 00:02:04,280 --> 00:02:06,400 Speaker 1: have to give up your all ideas of personal space 41 00:02:06,440 --> 00:02:09,480 Speaker 1: for this week. That's right. Keep your opinions to yourself impossible. 42 00:02:09,639 --> 00:02:10,919 Speaker 1: But one of the things you did do when you 43 00:02:10,960 --> 00:02:13,440 Speaker 1: were down there, and I did this last year, is 44 00:02:13,480 --> 00:02:16,119 Speaker 1: you attended the pitch day for the NFL Players Association. 45 00:02:16,440 --> 00:02:19,920 Speaker 1: For those who think that players are just dumb jocks, 46 00:02:20,200 --> 00:02:22,960 Speaker 1: you saw a different side, didn't you. Absolutely, this was 47 00:02:23,040 --> 00:02:25,520 Speaker 1: something that you would see at Harvard Business School. Ten 48 00:02:25,600 --> 00:02:28,639 Speaker 1: companies lining up, each getting about six minutes to pitch 49 00:02:28,720 --> 00:02:32,240 Speaker 1: their ideas the NFL Players Association, hoping that they'll partner 50 00:02:32,360 --> 00:02:35,560 Speaker 1: up before a deal. And this is now in its 51 00:02:35,600 --> 00:02:37,360 Speaker 1: third year. I know you covered it last year, so 52 00:02:37,480 --> 00:02:40,200 Speaker 1: I spoke with the CEO. He says, no exit yet, 53 00:02:40,760 --> 00:02:43,280 Speaker 1: but they are making profits and I can tell you 54 00:02:43,280 --> 00:02:46,680 Speaker 1: they just announced the winner. It was a healthy food company. 55 00:02:47,000 --> 00:02:50,160 Speaker 1: And they also had a company that is serve a 56 00:02:50,280 --> 00:02:54,760 Speaker 1: home weight training business like the Peloton of weight training 57 00:02:54,800 --> 00:03:02,160 Speaker 1: for at home. So no excuse to be flabby anymore. 58 00:03:01,960 --> 00:03:06,960 Speaker 1: Where these things called the NFL like a bar, I 59 00:03:07,000 --> 00:03:10,560 Speaker 1: can get you a deal. J D. Smith. I want 60 00:03:10,600 --> 00:03:12,840 Speaker 1: to tell you that one of the the I spoke 61 00:03:12,840 --> 00:03:15,639 Speaker 1: with two partners in this so interesting. Calvin Beachum, I 62 00:03:15,639 --> 00:03:18,240 Speaker 1: think you've interviewed him before, currently an offensive tackle for 63 00:03:18,280 --> 00:03:20,959 Speaker 1: the New York Jets. He has a personal portfolio now 64 00:03:21,040 --> 00:03:25,360 Speaker 1: that's exceeded thirty companies, all seed and early stage investments. 65 00:03:25,600 --> 00:03:27,120 Speaker 1: I said to him, so you don't want to invest 66 00:03:27,160 --> 00:03:29,000 Speaker 1: through other vcs and he said, you know, I'm not 67 00:03:29,080 --> 00:03:32,120 Speaker 1: interested in the three four x return. I want to 68 00:03:32,200 --> 00:03:34,360 Speaker 1: hit it out of the park. So this guy is 69 00:03:34,720 --> 00:03:37,240 Speaker 1: really hitting it out of the park. He also wants 70 00:03:37,280 --> 00:03:39,560 Speaker 1: to invest in drones. A lot of his companies are 71 00:03:39,720 --> 00:03:43,920 Speaker 1: drone companies, both domestic and international. And then Isaiah Kosavinski, 72 00:03:44,120 --> 00:03:47,800 Speaker 1: very interesting guy, played with the Seattle Seahawks. He then 73 00:03:48,000 --> 00:03:51,680 Speaker 1: went to HBS. After he retired, he went to Harvard 74 00:03:51,760 --> 00:03:54,280 Speaker 1: as an undergrad. And while he was there, and by 75 00:03:54,320 --> 00:03:56,000 Speaker 1: the way, should point out he grew up in poverty. 76 00:03:56,040 --> 00:03:58,920 Speaker 1: He was homeless while he was at Harvard. One of 77 00:03:59,040 --> 00:04:02,440 Speaker 1: his teammates then started be Good, which is a fast food, 78 00:04:02,440 --> 00:04:06,440 Speaker 1: healthy company that gave him a sixteen x return. And 79 00:04:06,520 --> 00:04:09,280 Speaker 1: now Isaiah is about to close in the next month 80 00:04:09,360 --> 00:04:12,400 Speaker 1: or two his own venture fund. They're targeting a hundred 81 00:04:12,520 --> 00:04:17,080 Speaker 1: million dollars. They've raised about six that to um invest 82 00:04:17,160 --> 00:04:20,839 Speaker 1: in sports related companies and health tech now through the 83 00:04:20,880 --> 00:04:24,159 Speaker 1: One Team Collective, which is sort of the union's brand 84 00:04:24,200 --> 00:04:27,080 Speaker 1: for for their VC. It lack for a better term, 85 00:04:27,160 --> 00:04:29,800 Speaker 1: that's really what it is. Like. What they do is 86 00:04:29,880 --> 00:04:32,960 Speaker 1: they get stakes and companies, and the benefit for the 87 00:04:33,000 --> 00:04:35,919 Speaker 1: companies are because they're usually young companies, they don't have 88 00:04:35,960 --> 00:04:38,720 Speaker 1: the money. They could never pay the union what they 89 00:04:38,760 --> 00:04:40,800 Speaker 1: would have to in a normal deal to get the 90 00:04:40,880 --> 00:04:43,840 Speaker 1: rights to use the players likenesses and to get that 91 00:04:43,880 --> 00:04:46,520 Speaker 1: group license. But they give up equity in the company 92 00:04:46,560 --> 00:04:49,720 Speaker 1: and get the NFL players in in return. Right, So 93 00:04:49,800 --> 00:04:52,279 Speaker 1: they're hoping that everyone will win at this game. What 94 00:04:52,320 --> 00:04:54,000 Speaker 1: else were we seeing down in Atlanta? There's a big 95 00:04:54,040 --> 00:04:56,760 Speaker 1: Coke versus Pepsi battle, right, I mean, it's the hometown 96 00:04:56,760 --> 00:05:01,520 Speaker 1: of Coke. Get peptis in town. It's a big pop right. Well, 97 00:05:01,600 --> 00:05:05,200 Speaker 1: food is is interesting here? The funny that you mentioned 98 00:05:05,200 --> 00:05:08,160 Speaker 1: food because um I took a tour of the Mercedes 99 00:05:08,200 --> 00:05:10,800 Speaker 1: ben Stadium and a couple of things going on. You know, 100 00:05:10,880 --> 00:05:13,440 Speaker 1: Chick fil a Is is a big Atlanta company. They 101 00:05:13,480 --> 00:05:15,960 Speaker 1: are closed on Sunday, so they are going to be 102 00:05:16,040 --> 00:05:20,560 Speaker 1: closed on Super Bowl Sunday Sades Ben Stadium, I was remarking, 103 00:05:20,800 --> 00:05:25,680 Speaker 1: has the feel of its namesake car title. It has 104 00:05:25,720 --> 00:05:28,760 Speaker 1: also that new car smell. It is unbelievable. Wait a minute, 105 00:05:28,760 --> 00:05:31,360 Speaker 1: wait a minute, the stadium has a new car smell. Well, 106 00:05:31,400 --> 00:05:33,039 Speaker 1: it's only a year and a half old. And I 107 00:05:33,080 --> 00:05:34,920 Speaker 1: was walking through and I said, this has a new 108 00:05:34,920 --> 00:05:37,320 Speaker 1: car smell to it. And I mean that everything is 109 00:05:37,400 --> 00:05:43,000 Speaker 1: absolutely perfect, nothing ripped, nothing torn, nothing uh stressed. Yet 110 00:05:43,040 --> 00:05:46,320 Speaker 1: it is absolutely beautiful. And I walked in soaring ceilings, 111 00:05:46,400 --> 00:05:49,039 Speaker 1: three club levels where you can sit at a bar 112 00:05:49,120 --> 00:05:51,520 Speaker 1: and then turn around, walk out through the glass doors 113 00:05:51,520 --> 00:05:55,479 Speaker 1: and you are at field level behind the benches. And 114 00:05:55,680 --> 00:05:59,120 Speaker 1: it is one point six billion dollars of fancy, including 115 00:05:59,200 --> 00:06:03,160 Speaker 1: the world's large just digital scoreboard. But um, what really 116 00:06:03,200 --> 00:06:07,400 Speaker 1: struck me. Uh, many stadiums now have on average, like 117 00:06:07,400 --> 00:06:10,800 Speaker 1: a hundred luxury suites. This one has a hundred and 118 00:06:10,920 --> 00:06:14,719 Speaker 1: nineties six. So basically said, this whole stadium is business class. 119 00:06:14,720 --> 00:06:17,159 Speaker 1: There is no economy section. It's not it's not a 120 00:06:17,360 --> 00:06:20,640 Speaker 1: it's not a stadium. It's cash registered. Seriously, they're they're 121 00:06:20,680 --> 00:06:23,080 Speaker 1: designed for I mean, there's a reason why those club swites. 122 00:06:23,080 --> 00:06:24,839 Speaker 1: First of all, the NFL teams don't share their club 123 00:06:24,880 --> 00:06:28,240 Speaker 1: suite revenue that they keep locally, So you're gonna see 124 00:06:28,240 --> 00:06:32,360 Speaker 1: the trend pointing towards the premium experience in the NFL. 125 00:06:32,600 --> 00:06:34,680 Speaker 1: But is anybody on there talking about the prices of 126 00:06:34,720 --> 00:06:36,440 Speaker 1: the food at the stadium? You know, bar wants to 127 00:06:36,480 --> 00:06:39,120 Speaker 1: go down and like a bill and have fifteen hot dogs. Well, 128 00:06:39,160 --> 00:06:42,320 Speaker 1: this is what is interesting, and it's actually a really 129 00:06:42,320 --> 00:06:45,760 Speaker 1: great move by Arthur Blank, who is of course the 130 00:06:45,839 --> 00:06:47,760 Speaker 1: co founder of Home Depot and the owner of the 131 00:06:47,800 --> 00:06:50,840 Speaker 1: Falcons and the really the push behind the stadium. He 132 00:06:50,920 --> 00:06:54,080 Speaker 1: came out and told us that everyone expects the prices 133 00:06:54,120 --> 00:06:57,400 Speaker 1: of food to jump on big events, especially Super Bowl. 134 00:06:57,600 --> 00:07:00,680 Speaker 1: He vowed not to raise prices up any and he 135 00:07:00,839 --> 00:07:06,560 Speaker 1: also vowed to run average prices lower than other NFL stadiums. 136 00:07:06,600 --> 00:07:10,360 Speaker 1: And indeed the food is a bargain. I was shocked, 137 00:07:10,640 --> 00:07:13,920 Speaker 1: and it's really good. They have a good mix between 138 00:07:14,200 --> 00:07:18,360 Speaker 1: regular stadium fair and pretty nice upscale stuff. The other 139 00:07:18,400 --> 00:07:20,920 Speaker 1: thing that you notice in this stadium is that there 140 00:07:20,960 --> 00:07:25,760 Speaker 1: are bars, but luxury bars. The CEO of Arthur Blank's 141 00:07:25,840 --> 00:07:29,080 Speaker 1: for profit companies told me they aspire to build a 142 00:07:29,160 --> 00:07:33,360 Speaker 1: stadium that could be confused with a rich Carlton, and 143 00:07:33,400 --> 00:07:38,560 Speaker 1: I think they did it. I mean there's points. Yeah, 144 00:07:38,840 --> 00:07:44,080 Speaker 1: I'm Janet. We could go on and on, but unfortunately 145 00:07:44,080 --> 00:07:45,760 Speaker 1: we gotta get out of here. By the way, you 146 00:07:45,800 --> 00:07:47,760 Speaker 1: look good in your hat. I saw that on Twitter. 147 00:07:48,240 --> 00:07:50,160 Speaker 1: It's a nice light of at folks. Or go on 148 00:07:50,200 --> 00:07:55,440 Speaker 1: Twitter and see a lighted hat. Now though, one more 149 00:07:55,440 --> 00:07:59,600 Speaker 1: thing is seventy Savorski crystal helmet. They've made one for 150 00:07:59,640 --> 00:08:03,240 Speaker 1: every Michael. You one, and I'm gonna go fight for it. 151 00:08:04,080 --> 00:08:06,680 Speaker 1: I want, oh man, if you if you have the 152 00:08:06,760 --> 00:08:08,880 Speaker 1: Lions one, I want one. She said it was fancy 153 00:08:08,920 --> 00:08:14,600 Speaker 1: down there. It's too it's fancy. Can't expense that. Sorry, 154 00:08:14,600 --> 00:08:19,680 Speaker 1: oh man, Janet who Radio rowe activity And you're taking 155 00:08:19,680 --> 00:08:22,520 Speaker 1: it all in right there at the side of Super 156 00:08:22,520 --> 00:08:25,200 Speaker 1: Bowl fifty three in Atlanta. Thank you so much for 157 00:08:25,280 --> 00:08:28,800 Speaker 1: joining us. And now Scott Evan and I we will 158 00:08:28,880 --> 00:08:32,120 Speaker 1: have our interview this week with CEOO of the Los 159 00:08:32,200 --> 00:08:36,120 Speaker 1: Angeles Rams, Kevin dem Off. Kevin dem Off, what about 160 00:08:36,200 --> 00:08:37,960 Speaker 1: Mr Demo does a lot of He's got he's got 161 00:08:37,960 --> 00:08:39,880 Speaker 1: a lengthy bio, does a lot of things. Why don't 162 00:08:39,920 --> 00:08:42,240 Speaker 1: you hit the top one? Hit the first one? Which 163 00:08:42,520 --> 00:08:46,360 Speaker 1: he is the team's top front office executive and liaison too. 164 00:08:46,400 --> 00:08:49,760 Speaker 1: Owner and chairman Stan Cronis to the billionaire, you better 165 00:08:49,800 --> 00:08:52,240 Speaker 1: know your stuff, yes, and if Mr Cronkie is there, 166 00:08:52,240 --> 00:08:54,280 Speaker 1: you better. If the phone rings and it's Mr Cronkie 167 00:08:54,320 --> 00:08:56,319 Speaker 1: on line one, it's dem Off on the other side. 168 00:08:56,640 --> 00:09:00,040 Speaker 1: And by the way, he is overseeing the design and 169 00:09:00,520 --> 00:09:04,360 Speaker 1: the construction of the two acres Sports and Entertainment district 170 00:09:04,640 --> 00:09:09,240 Speaker 1: in Ingle. Bigger than the Vatican, it is. That's you know, 171 00:09:09,600 --> 00:09:12,160 Speaker 1: I was going to chuckle, but you're right. Bigger than 172 00:09:12,200 --> 00:09:14,440 Speaker 1: the Vatican. It's wow. It's going to serve as the 173 00:09:14,480 --> 00:09:18,520 Speaker 1: future home of the Rams. And he will also lead 174 00:09:18,559 --> 00:09:20,839 Speaker 1: the club in all business operations, worked closely with the 175 00:09:20,880 --> 00:09:24,600 Speaker 1: general manager, Less Need and head coach the Golden Boy, 176 00:09:24,880 --> 00:09:29,280 Speaker 1: I'm saying, Sean mcbray to develop the club strategic plan 177 00:09:29,440 --> 00:09:33,520 Speaker 1: for player signings and acquisitions. Kevin, thanks very much for 178 00:09:33,600 --> 00:09:35,840 Speaker 1: joining us, My pleasure. A great week to be talking 179 00:09:35,880 --> 00:09:38,800 Speaker 1: about the Rams. Yes, it sure is. Here's my question. Well, one, 180 00:09:38,880 --> 00:09:41,000 Speaker 1: how you feeling. We know you're a little under the weather. 181 00:09:42,120 --> 00:09:44,880 Speaker 1: You know, I lost my voice yelling against the Saints 182 00:09:44,880 --> 00:09:47,000 Speaker 1: two weeks ago. It's never really came back and then 183 00:09:47,520 --> 00:09:49,960 Speaker 1: media and I kind of killed it again. But you know, 184 00:09:50,120 --> 00:09:52,920 Speaker 1: I feel great, excited, the teams excited, and you know, 185 00:09:52,920 --> 00:09:54,800 Speaker 1: what's the little thing about a horse boys? All right? 186 00:09:54,840 --> 00:09:56,480 Speaker 1: So if if the team wins, if the Rams win, 187 00:09:56,520 --> 00:09:59,359 Speaker 1: you can count on him being unable to say anything 188 00:09:59,440 --> 00:10:02,200 Speaker 1: inaudible Kevin dem Off. But let me start with this. 189 00:10:03,000 --> 00:10:05,840 Speaker 1: It's always great to win. We know that winning cures 190 00:10:05,840 --> 00:10:09,280 Speaker 1: all ills. We've heard that from many owners. Question because 191 00:10:09,360 --> 00:10:13,439 Speaker 1: of where you are selling a new stadium, could this 192 00:10:13,559 --> 00:10:19,120 Speaker 1: have come at a better time for the Rams business operations. No, 193 00:10:19,520 --> 00:10:21,840 Speaker 1: it couldn't, and I think you're in the right cycle. 194 00:10:21,840 --> 00:10:24,720 Speaker 1: We're still eighteen months from the seat the stadium opening, 195 00:10:24,720 --> 00:10:27,000 Speaker 1: and what's happened is we had a fantastic honeymoon when 196 00:10:27,000 --> 00:10:30,240 Speaker 1: we came back in. But those were really people who 197 00:10:30,280 --> 00:10:32,160 Speaker 1: are excited the NFL was back, and we've built a 198 00:10:32,160 --> 00:10:34,880 Speaker 1: fan based steadily over the past three years. And obviously 199 00:10:34,880 --> 00:10:37,120 Speaker 1: the team's performance over the last two whether it's winning 200 00:10:37,120 --> 00:10:39,400 Speaker 1: the most games in the NFL, scoring the most points, 201 00:10:39,400 --> 00:10:42,439 Speaker 1: having the greatest point differential, and now fortunately playing in 202 00:10:42,480 --> 00:10:44,360 Speaker 1: the Super Bowl, I think it's gotten l a excited 203 00:10:44,360 --> 00:10:47,000 Speaker 1: and top ten Winning football could be to to a 204 00:10:47,080 --> 00:10:49,280 Speaker 1: city is diverse and different as l A. And I 205 00:10:49,280 --> 00:10:51,280 Speaker 1: think that's been a great thing for us. The only 206 00:10:51,559 --> 00:10:54,480 Speaker 1: tongue planted half in cheek here. How does one determine 207 00:10:54,480 --> 00:10:57,959 Speaker 1: when l A is excited? You know, it's car flag. 208 00:10:59,240 --> 00:11:02,880 Speaker 1: It's the car flag determinant of l A success. I 209 00:11:02,920 --> 00:11:06,040 Speaker 1: would say it's either that or whether dogs on their leash. 210 00:11:06,040 --> 00:11:08,640 Speaker 1: You're wearing rams gears, so you know, those are your 211 00:11:08,640 --> 00:11:10,679 Speaker 1: two l A moments. But I think for us, we've 212 00:11:10,679 --> 00:11:13,800 Speaker 1: looked at it, you know, in terms of merchandise sales online, 213 00:11:14,120 --> 00:11:16,079 Speaker 1: you know, in the millions of dollars since we won 214 00:11:16,240 --> 00:11:18,360 Speaker 1: the Saints. I think it's been three or four million 215 00:11:18,360 --> 00:11:22,640 Speaker 1: dollars since that point. Uh, we had more viewers watched 216 00:11:22,640 --> 00:11:24,800 Speaker 1: our Cowboys and Saints game than in the game we've 217 00:11:24,840 --> 00:11:27,400 Speaker 1: had since we've been back in l A. We average 218 00:11:27,440 --> 00:11:29,640 Speaker 1: seventy three thousand fans. It's you in the college team, 219 00:11:29,640 --> 00:11:32,560 Speaker 1: which is essentially a sellout in the construction. And you know, 220 00:11:32,679 --> 00:11:34,600 Speaker 1: I think the greatest testament to what this team has 221 00:11:34,600 --> 00:11:37,400 Speaker 1: achieved still is that that epic Monday night game when 222 00:11:37,440 --> 00:11:39,960 Speaker 1: we had five days to sell tickets and we sold 223 00:11:40,040 --> 00:11:42,800 Speaker 1: seventy seven thousand tickets in five days all to Angelinos 224 00:11:42,800 --> 00:11:44,960 Speaker 1: because there were no visiting fans. And I think that 225 00:11:45,000 --> 00:11:47,160 Speaker 1: shows you the power of sweeping s torool l A. 226 00:11:47,160 --> 00:11:49,319 Speaker 1: And I think, you know, last week and this week, 227 00:11:49,360 --> 00:11:51,199 Speaker 1: obviously we're here in Atlantis, we can't see it, but 228 00:11:51,280 --> 00:11:53,920 Speaker 1: all the signs point to the city really having an 229 00:11:53,960 --> 00:11:56,120 Speaker 1: epic party for the Super Bowl. I kind of likened 230 00:11:56,160 --> 00:11:59,080 Speaker 1: this to the success that the Golden Knights had uh 231 00:11:59,120 --> 00:12:01,040 Speaker 1: in their in their first year in Vegas. Obviously a 232 00:12:01,040 --> 00:12:02,800 Speaker 1: little different in that you're not in your new venue 233 00:12:02,840 --> 00:12:05,400 Speaker 1: yet um and you're not in your first year there, 234 00:12:05,880 --> 00:12:07,640 Speaker 1: but you know, the time about the same except for 235 00:12:07,640 --> 00:12:10,079 Speaker 1: all those different So the timing does certainly work out 236 00:12:10,320 --> 00:12:12,120 Speaker 1: as you think about a team in an in a 237 00:12:12,160 --> 00:12:15,320 Speaker 1: new market trying to essentially establish itself for a new 238 00:12:15,360 --> 00:12:18,280 Speaker 1: set of fans. Yeah, and I think the one the 239 00:12:18,280 --> 00:12:19,960 Speaker 1: parallel of the Vegas Knights is great. I mean there 240 00:12:19,960 --> 00:12:22,559 Speaker 1: are some similarities, some differences. I think the hardest thing 241 00:12:22,640 --> 00:12:24,720 Speaker 1: is you know, in the day, yes, you're starting fresh, 242 00:12:24,800 --> 00:12:27,319 Speaker 1: there's never been a hockey team there, and you know 243 00:12:27,400 --> 00:12:29,240 Speaker 1: people can automatically be fans. I mean, one of the 244 00:12:29,280 --> 00:12:31,960 Speaker 1: greatest challenges in Los Angeles is there was no NFL 245 00:12:31,960 --> 00:12:33,640 Speaker 1: team for twenty years, but people were still in the 246 00:12:33,640 --> 00:12:36,559 Speaker 1: shell fans, So whether they came from Chicago, New York 247 00:12:36,640 --> 00:12:38,559 Speaker 1: or were still Bears in Giants fans, whether they grew 248 00:12:38,600 --> 00:12:40,679 Speaker 1: up in l A and became you know, packers of 249 00:12:40,760 --> 00:12:43,400 Speaker 1: Patriots or Cowboys fans because those teams were playing well 250 00:12:43,440 --> 00:12:46,160 Speaker 1: at the time. You know, you're not only trying to 251 00:12:46,160 --> 00:12:48,199 Speaker 1: go into a new market, you're trying to shift allegiances, 252 00:12:48,480 --> 00:12:51,400 Speaker 1: can change habits on Sunday instead of watching on TV 253 00:12:51,559 --> 00:12:53,640 Speaker 1: in l A. You know, there's a bar for every 254 00:12:53,679 --> 00:12:55,520 Speaker 1: team in the NFL the people are customed to going to. 255 00:12:55,640 --> 00:12:58,040 Speaker 1: It's getting people out of those bars, away from their 256 00:12:58,040 --> 00:12:59,840 Speaker 1: homes into the stadium. I mean, you know it's been 257 00:12:59,840 --> 00:13:02,160 Speaker 1: as Tennent went with the call Sam being years old. 258 00:13:02,200 --> 00:13:04,959 Speaker 1: But we're really excited about where that's leaning heading into 259 00:13:05,000 --> 00:13:07,280 Speaker 1: our new venue at Hollywood Park. And when we think 260 00:13:07,320 --> 00:13:10,520 Speaker 1: about the financial benefits of making a Super Bowl, I 261 00:13:10,520 --> 00:13:12,600 Speaker 1: think a lot of people like to cast things directly 262 00:13:12,640 --> 00:13:15,839 Speaker 1: forward into next year. Right, you may sell more tickets, Uh, 263 00:13:15,960 --> 00:13:18,080 Speaker 1: fans are going to be a little more excited. Um, 264 00:13:18,280 --> 00:13:20,719 Speaker 1: you just mentioned merchandise sales. You said three to four 265 00:13:20,720 --> 00:13:22,959 Speaker 1: million dollars just since in the two weeks since you 266 00:13:23,080 --> 00:13:25,120 Speaker 1: since you guys beat the Saints. How does that compared 267 00:13:25,160 --> 00:13:27,120 Speaker 1: to the merchandise? Say, I mean, what is is that 268 00:13:27,160 --> 00:13:29,560 Speaker 1: the equivalent of a month in the regular season for you? 269 00:13:29,640 --> 00:13:31,880 Speaker 1: Is that three months in the regular season? Yeah, I 270 00:13:31,880 --> 00:13:34,280 Speaker 1: think it was close to what we did the entire year. 271 00:13:36,440 --> 00:13:38,920 Speaker 1: So you know, when you look at just what that does, 272 00:13:39,000 --> 00:13:41,160 Speaker 1: and you know that doesn't count in stores or in games. 273 00:13:41,160 --> 00:13:43,160 Speaker 1: But I think you know, everybody says, what's the value 274 00:13:43,160 --> 00:13:44,400 Speaker 1: of going to the Super Bowl? And I think it's 275 00:13:44,400 --> 00:13:48,000 Speaker 1: all the long tale of you know, getting people excited, 276 00:13:48,040 --> 00:13:50,520 Speaker 1: having them Bible merchandise, whether they show up to games, 277 00:13:50,520 --> 00:13:53,320 Speaker 1: what do people try new season tickets. I assumed all 278 00:13:53,320 --> 00:13:55,360 Speaker 1: of our season ticket holders would enjoyed the experience and 279 00:13:55,440 --> 00:13:57,200 Speaker 1: want to come back. And you know, but when you 280 00:13:57,200 --> 00:13:59,520 Speaker 1: get in a new stadium, it's getting people excited about 281 00:14:00,040 --> 00:14:03,280 Speaker 1: that process. And mostly it's trying to convince that person 282 00:14:03,320 --> 00:14:06,160 Speaker 1: who might be a casual fan to become an average fan. 283 00:14:06,720 --> 00:14:09,280 Speaker 1: I think that's the greatest peak that we can go in, 284 00:14:09,280 --> 00:14:12,760 Speaker 1: the greatest benefit we can get from a Super Bowl run, 285 00:14:12,920 --> 00:14:16,680 Speaker 1: whether we win or lose, is getting someone who might 286 00:14:16,800 --> 00:14:18,679 Speaker 1: love another team, but their kids love the Rams to 287 00:14:18,720 --> 00:14:21,160 Speaker 1: get a little bit more invested, or someone who has 288 00:14:21,160 --> 00:14:23,720 Speaker 1: maybe casually watched going to a Super Bowl party on 289 00:14:23,800 --> 00:14:27,560 Speaker 1: Sunday becoming an even bigger Rams fan. I think it's 290 00:14:27,600 --> 00:14:30,440 Speaker 1: just those are the you know, it's really fan based building, 291 00:14:30,440 --> 00:14:31,840 Speaker 1: and I don't look at it as much of dollars 292 00:14:31,840 --> 00:14:34,200 Speaker 1: and cents as it is just trying to convert that 293 00:14:34,240 --> 00:14:37,800 Speaker 1: next generation of fans. We're talking to the CEO of 294 00:14:37,840 --> 00:14:42,280 Speaker 1: the Los Angeles Rams, Kevin them often. Okay, somebody's got 295 00:14:42,320 --> 00:14:45,080 Speaker 1: to ask about the elephant in the room, so it'll 296 00:14:45,120 --> 00:14:48,200 Speaker 1: be me. I'll ask it. You know that we all 297 00:14:48,240 --> 00:14:50,480 Speaker 1: know that the Rams are a hell of a football team. 298 00:14:50,520 --> 00:14:54,040 Speaker 1: That's not that's here nor there. But your reaction to 299 00:14:55,080 --> 00:14:59,320 Speaker 1: the call that Saints fans are like, oh my goodness, 300 00:15:00,000 --> 00:15:05,760 Speaker 1: at their upset with uh, your reaction to it. You know, 301 00:15:05,960 --> 00:15:08,120 Speaker 1: I think when you watched it live, it was very 302 00:15:08,200 --> 00:15:10,280 Speaker 1: much a bang bang play. I think when you slow 303 00:15:10,320 --> 00:15:13,280 Speaker 1: it down, you certainly see, you know, what most of 304 00:15:13,320 --> 00:15:17,040 Speaker 1: us would consider the past interference. You know, and you know, 305 00:15:17,120 --> 00:15:19,640 Speaker 1: but I also look back over you know, we've watched 306 00:15:19,640 --> 00:15:22,160 Speaker 1: a ton of games going back to preseason the regular season. 307 00:15:22,240 --> 00:15:24,600 Speaker 1: There have been some calls that missed it, you know, 308 00:15:24,680 --> 00:15:28,280 Speaker 1: we think or just as key or or just as obvious. Um. 309 00:15:28,320 --> 00:15:30,080 Speaker 1: And there are calls that are you know, made that 310 00:15:30,200 --> 00:15:32,160 Speaker 1: you kind of shake your head and you say, I 311 00:15:32,200 --> 00:15:33,520 Speaker 1: don't know that I agree with them. I think it 312 00:15:33,560 --> 00:15:36,480 Speaker 1: happens in every game, and every year. This one's magnified 313 00:15:36,520 --> 00:15:38,640 Speaker 1: it in the final two minutes of the game to 314 00:15:38,640 --> 00:15:40,640 Speaker 1: sign someone to the Super Bowl. But the officials do 315 00:15:40,680 --> 00:15:43,640 Speaker 1: a fantastic job all year. They have a really hard job. 316 00:15:43,680 --> 00:15:46,760 Speaker 1: And whether there's you know, protocols that we as a 317 00:15:46,840 --> 00:15:50,200 Speaker 1: league and his teams can help get the officials to 318 00:15:50,200 --> 00:15:52,880 Speaker 1: to make changes or give them greater latitude to make calls, 319 00:15:52,960 --> 00:15:54,640 Speaker 1: I think we'd be all for that. As a team. 320 00:15:54,680 --> 00:15:58,040 Speaker 1: We have voted for the expansion of replay or certainly 321 00:15:58,040 --> 00:15:59,840 Speaker 1: been in fable of it the past few years at 322 00:15:59,840 --> 00:16:03,120 Speaker 1: the week meetings, you know, in March. But I look 323 00:16:03,120 --> 00:16:05,280 Speaker 1: at it is you know, it was a call that 324 00:16:05,360 --> 00:16:07,840 Speaker 1: probably should have been made. But I don't ever want 325 00:16:07,840 --> 00:16:09,840 Speaker 1: to take anything away from what our players and coaches 326 00:16:09,840 --> 00:16:13,800 Speaker 1: have done since April. Overcame some difficult circumstances on the 327 00:16:13,880 --> 00:16:16,960 Speaker 1: road in New Orleans, you know, down through team points, 328 00:16:17,000 --> 00:16:19,160 Speaker 1: came back from a way to win, and that's what 329 00:16:19,200 --> 00:16:21,200 Speaker 1: we prefer to focus on. But I can certainly understand 330 00:16:21,240 --> 00:16:23,360 Speaker 1: the frustration of of any team when it call it 331 00:16:23,320 --> 00:16:26,280 Speaker 1: doesn't clear away with its NCY Championship game or Week two. 332 00:16:26,720 --> 00:16:29,520 Speaker 1: Was there ever a discussion about maybe using the play 333 00:16:29,840 --> 00:16:31,800 Speaker 1: having some tongue in cheek marketing around it, I mean, 334 00:16:32,600 --> 00:16:38,240 Speaker 1: no flag on the plate. You know, there are good 335 00:16:38,240 --> 00:16:43,280 Speaker 1: marketing ideas and that, and then and then there's this. 336 00:16:43,880 --> 00:16:48,320 Speaker 1: I think those would sell to a specific subset. Crazy well, 337 00:16:48,360 --> 00:16:51,400 Speaker 1: by the way, you guys have Todd Gurley, so I mean, 338 00:16:51,480 --> 00:16:55,440 Speaker 1: my goodness, it's he could be in line for m 339 00:16:55,520 --> 00:16:58,720 Speaker 1: v P of the Super Bowl. Well, I think one 340 00:16:58,720 --> 00:17:00,000 Speaker 1: of the great things about our team is we have 341 00:17:00,000 --> 00:17:01,560 Speaker 1: a lot of players who could be in line for 342 00:17:01,800 --> 00:17:03,120 Speaker 1: m v P. And when you look at the season, 343 00:17:03,160 --> 00:17:05,680 Speaker 1: whether it's Aaron Donald who they win Defensive Player of 344 00:17:05,680 --> 00:17:07,760 Speaker 1: the Year, Todd Gurley who's led the league in touchdowns 345 00:17:07,760 --> 00:17:09,879 Speaker 1: and back to back years, Jared Goff has been a 346 00:17:09,880 --> 00:17:11,600 Speaker 1: Pro Bowl in the past two years. You look at 347 00:17:11,640 --> 00:17:14,199 Speaker 1: someone like Brandon Cooks, who had a hundred yard game 348 00:17:14,200 --> 00:17:16,400 Speaker 1: against the Saints last week and playing this former team, 349 00:17:16,880 --> 00:17:19,160 Speaker 1: the Patriots, Robert Woods, who has been steady for us, 350 00:17:19,560 --> 00:17:20,919 Speaker 1: you know. But then you look at the Chiefs game. 351 00:17:20,960 --> 00:17:24,919 Speaker 1: You have someone like Sampson Boucom who has a two touchdowns, 352 00:17:24,920 --> 00:17:27,199 Speaker 1: the first player, I think in thirty years to have 353 00:17:27,240 --> 00:17:30,199 Speaker 1: do touch defensive touchdowns in the same game, you know. 354 00:17:30,280 --> 00:17:32,480 Speaker 1: So there are a lot of potential stars. And I 355 00:17:32,800 --> 00:17:35,240 Speaker 1: left out Greg's urline, who took the longest field goal, 356 00:17:35,320 --> 00:17:37,880 Speaker 1: and you know NFL playoff history, just sign the team, 357 00:17:37,920 --> 00:17:40,160 Speaker 1: you know to the Super Bowl. So all of those things. 358 00:17:40,320 --> 00:17:43,600 Speaker 1: This has always been a team effort across the board 359 00:17:43,640 --> 00:17:45,320 Speaker 1: and it will be great to see. Hopefully one of 360 00:17:45,320 --> 00:17:47,720 Speaker 1: our players will step up. And as we were touring 361 00:17:47,720 --> 00:17:49,280 Speaker 1: the stadium yesterday and we saw at the m v 362 00:17:49,359 --> 00:17:51,399 Speaker 1: P room, but would we just hope it's one of 363 00:17:51,400 --> 00:17:53,600 Speaker 1: our guys and not one of the New England players 364 00:17:53,640 --> 00:17:55,280 Speaker 1: staying in that room after the game, no matter who 365 00:17:55,280 --> 00:17:57,000 Speaker 1: it is. We are chatting with Kevin dem Off, the 366 00:17:57,000 --> 00:17:59,360 Speaker 1: CEO of the Rams, and Kevin, we had Brian rolapp 367 00:17:59,560 --> 00:18:02,760 Speaker 1: on the show about a week ago. He's chief business 368 00:18:02,800 --> 00:18:04,760 Speaker 1: officer at the NFL, of course, and we asked him 369 00:18:04,760 --> 00:18:07,560 Speaker 1: about stadiums in general, and I said, if you were 370 00:18:07,600 --> 00:18:10,840 Speaker 1: building a stadium today, what would it look like that's 371 00:18:10,840 --> 00:18:13,359 Speaker 1: what he had to say. I don't know the exact number, 372 00:18:13,359 --> 00:18:17,359 Speaker 1: but I would probably say fewer than I would have 373 00:18:17,359 --> 00:18:21,159 Speaker 1: had ten years ago. Um. And I just think anyone 374 00:18:21,200 --> 00:18:25,760 Speaker 1: in this business needs to create an amazing experience for 375 00:18:25,800 --> 00:18:29,119 Speaker 1: people to come and spend their money and spend their time. 376 00:18:29,800 --> 00:18:33,199 Speaker 1: And um, I think if I had a dollar to 377 00:18:33,240 --> 00:18:35,879 Speaker 1: spend on an extra seat versus a dollar to spend 378 00:18:35,920 --> 00:18:39,640 Speaker 1: on making the seats, I have better and more interesting 379 00:18:39,680 --> 00:18:41,760 Speaker 1: in a better experience. That's where I'm gonna put my dough. 380 00:18:41,840 --> 00:18:45,359 Speaker 1: All right, So you are building seventy plus thousand seats, 381 00:18:45,400 --> 00:18:47,800 Speaker 1: that's sort of the trends away from what people are 382 00:18:47,800 --> 00:18:51,000 Speaker 1: doing now. The more intimate, what's the thought process and 383 00:18:51,040 --> 00:18:53,680 Speaker 1: when it's humming along, what kind of cash register will 384 00:18:53,680 --> 00:18:56,320 Speaker 1: the stadium be? I agree with everything Brian said, and 385 00:18:56,400 --> 00:18:59,159 Speaker 1: most importantly I think Stan Clarkey does as well. I 386 00:18:59,200 --> 00:19:02,679 Speaker 1: think he just do is let's do both. Let's put 387 00:19:03,080 --> 00:19:06,119 Speaker 1: and let's put dollars into you know, making those seats 388 00:19:06,200 --> 00:19:08,280 Speaker 1: just as great. And I think in our stadium at 389 00:19:08,320 --> 00:19:10,480 Speaker 1: seventy thousand, you know, the capacity to get up to 390 00:19:10,480 --> 00:19:12,760 Speaker 1: a hundred thousand. That's really market specific. And the one 391 00:19:12,760 --> 00:19:14,359 Speaker 1: thing I would add to what Brian said, which I 392 00:19:14,359 --> 00:19:17,080 Speaker 1: thought was spot on, was everybody should build the best 393 00:19:17,119 --> 00:19:19,800 Speaker 1: stadium for their market, and in Los Angeles, when you're 394 00:19:19,800 --> 00:19:22,520 Speaker 1: gonna host Super Bowls, in college football playoffs, we're fortunate 395 00:19:22,560 --> 00:19:26,400 Speaker 1: enough to host the opening and closing ceremonies for Olympics, 396 00:19:26,400 --> 00:19:28,960 Speaker 1: for World Cups, for all of those major events. You 397 00:19:29,000 --> 00:19:32,959 Speaker 1: want the capacity to get up to seventy hundred thousand 398 00:19:32,960 --> 00:19:36,760 Speaker 1: for those truly super events, but you also want every 399 00:19:36,760 --> 00:19:39,600 Speaker 1: season the building to have an amazing technological experience. That's 400 00:19:39,600 --> 00:19:42,720 Speaker 1: why you know, we're hanging the world's largest eight eight 401 00:19:42,800 --> 00:19:48,960 Speaker 1: K scoreboard and sorry eight millimeter four K eight millimeter 402 00:19:49,160 --> 00:19:52,840 Speaker 1: but who knows by and maybe a K, but you 403 00:19:52,880 --> 00:19:55,280 Speaker 1: know it is, you know, triple the size of basically 404 00:19:55,320 --> 00:19:57,480 Speaker 1: any board in the league. Two sided. Everything in the 405 00:19:57,520 --> 00:20:00,080 Speaker 1: building is digital, and I think when standing b and 406 00:20:00,200 --> 00:20:03,119 Speaker 1: coming back to Los Angeles, his his biggest message always 407 00:20:03,119 --> 00:20:06,159 Speaker 1: to everybody working on this project is you can't undershoot 408 00:20:06,200 --> 00:20:09,160 Speaker 1: Los Angeles and that's really been the driving force of 409 00:20:09,280 --> 00:20:10,800 Speaker 1: the stadium, which we will believe it will be the 410 00:20:10,800 --> 00:20:13,439 Speaker 1: best on board in the entire Georgia ninety eight acre campus, 411 00:20:13,480 --> 00:20:18,399 Speaker 1: which features hotels, restaurants, shops, offices. This is truly as 412 00:20:18,480 --> 00:20:22,160 Speaker 1: ranger day year destination. I also think that's the next 413 00:20:22,200 --> 00:20:25,439 Speaker 1: wave of stadiums where they're really multi purpose, not just 414 00:20:25,600 --> 00:20:27,600 Speaker 1: in terms of how you use events in them, but 415 00:20:27,720 --> 00:20:31,040 Speaker 1: what's done around them. We are chatting with Kevin dem Off, 416 00:20:31,080 --> 00:20:33,479 Speaker 1: the CEO of the Rands. One last question I always 417 00:20:33,480 --> 00:20:36,960 Speaker 1: ask people when they're building new stadiums is cost overruns. 418 00:20:37,080 --> 00:20:40,600 Speaker 1: Where do you stand on budget and particularly the price 419 00:20:40,680 --> 00:20:42,840 Speaker 1: of steel right now? We talked to Tim Lawicki and 420 00:20:42,880 --> 00:20:46,040 Speaker 1: he said, because of what's going on geo politically, the 421 00:20:46,119 --> 00:20:49,320 Speaker 1: cost of the renovation to Karina was skyrocketing simply from 422 00:20:49,320 --> 00:20:51,639 Speaker 1: the price of steel. How about you, guys, Yeah, I 423 00:20:51,640 --> 00:20:54,320 Speaker 1: mean we we faced some of the same challenges on steel, 424 00:20:54,440 --> 00:20:56,560 Speaker 1: and I think one of the things the construction market 425 00:20:56,560 --> 00:20:58,720 Speaker 1: in l A Is so hot. You know, over the 426 00:20:58,720 --> 00:21:01,920 Speaker 1: past three four the projects you're competing with have driven 427 00:21:02,000 --> 00:21:03,920 Speaker 1: up the price of the project. And we've certainly had 428 00:21:04,359 --> 00:21:07,120 Speaker 1: had cost overrun and when you look at this project, 429 00:21:07,119 --> 00:21:09,000 Speaker 1: but I think the greatest credit to Stainard, no matter 430 00:21:09,040 --> 00:21:11,720 Speaker 1: the costs over runs, he's wanted to make sure we 431 00:21:11,760 --> 00:21:13,879 Speaker 1: delivered the vision we always showed to the city of 432 00:21:13,880 --> 00:21:16,920 Speaker 1: Los Angeles, to our fans, to the NFL, to our partners, 433 00:21:17,000 --> 00:21:20,920 Speaker 1: and so you know, although those costs have crept up, certainly, 434 00:21:21,080 --> 00:21:22,879 Speaker 1: you know, our focus has been on making sure that 435 00:21:23,040 --> 00:21:25,720 Speaker 1: the stadium is perfect. But then again, I say we 436 00:21:25,800 --> 00:21:28,800 Speaker 1: remodeled the kitchen. It was four square feet, uh two 437 00:21:28,840 --> 00:21:30,760 Speaker 1: years ago when I think it was thirty of the 438 00:21:30,800 --> 00:21:33,480 Speaker 1: budget and two months behind schedules. So on a three 439 00:21:33,520 --> 00:21:36,520 Speaker 1: million square foot stadium, I don't think that's surprising. So 440 00:21:36,600 --> 00:21:39,000 Speaker 1: where do you see the price tag right now? Last 441 00:21:39,000 --> 00:21:41,040 Speaker 1: I saw it was five billion? Where do you see it? 442 00:21:41,119 --> 00:21:44,359 Speaker 1: Creeping tea? You know, the number that was presented to 443 00:21:44,359 --> 00:21:46,920 Speaker 1: the NFL was four point nine billion, which included a 444 00:21:46,920 --> 00:21:50,159 Speaker 1: lot of the infrastructure for the two and some of 445 00:21:50,160 --> 00:21:52,520 Speaker 1: those things. So that's not all stadiums specific. I don't 446 00:21:52,520 --> 00:21:55,000 Speaker 1: think you know our stadium when people used that price tag, 447 00:21:55,000 --> 00:21:57,720 Speaker 1: it's not really apple to apples to anything else that's 448 00:21:57,760 --> 00:22:00,920 Speaker 1: been done in the NFL. So I'm not sure exactly 449 00:22:00,920 --> 00:22:03,040 Speaker 1: where it we'll wind up. Probably, you know, we stopped 450 00:22:03,000 --> 00:22:04,440 Speaker 1: another year and I have to go to see where 451 00:22:04,440 --> 00:22:06,960 Speaker 1: it will be. But our goal is to make sure 452 00:22:06,960 --> 00:22:08,920 Speaker 1: it's the best stateum on earth and in standard sparit 453 00:22:08,960 --> 00:22:11,560 Speaker 1: more resource to make sure that happens. Another thing that 454 00:22:11,560 --> 00:22:13,320 Speaker 1: Brian Rollap did say that this was going to be 455 00:22:13,359 --> 00:22:17,280 Speaker 1: the best stadium in the country, the best entertainment experience 456 00:22:17,280 --> 00:22:20,240 Speaker 1: in the country. Um, you know you can't say that 457 00:22:20,280 --> 00:22:23,080 Speaker 1: the full price tag right now, but even at four 458 00:22:23,119 --> 00:22:25,600 Speaker 1: point nine billion, you know that's that's that's two times 459 00:22:26,200 --> 00:22:28,639 Speaker 1: the next most expensive stadium in the NFL. Is this 460 00:22:28,680 --> 00:22:30,760 Speaker 1: a model that you think other teams can replicate, or 461 00:22:31,080 --> 00:22:33,639 Speaker 1: just by virtue of the city, the events that you 462 00:22:33,680 --> 00:22:35,800 Speaker 1: guys have, the size of the market, Is this kind 463 00:22:35,800 --> 00:22:37,720 Speaker 1: of the thing that only l A and New York 464 00:22:37,720 --> 00:22:40,240 Speaker 1: can do well? I think it's twofold, right. I think 465 00:22:40,240 --> 00:22:42,680 Speaker 1: it's something only l A, New York or a major 466 00:22:42,720 --> 00:22:45,919 Speaker 1: city could do, or another global international city. But I 467 00:22:45,960 --> 00:22:48,120 Speaker 1: think the other thing about that's unique about a statements 468 00:22:48,200 --> 00:22:50,240 Speaker 1: what Bryan said as well, when you start with this 469 00:22:50,280 --> 00:22:54,080 Speaker 1: project is the per square foot cost of stadiums is 470 00:22:54,080 --> 00:22:56,960 Speaker 1: going to go way up as you try to keep 471 00:22:57,040 --> 00:23:00,000 Speaker 1: fans in their seats and make them entertained in technology, 472 00:23:00,040 --> 00:23:03,359 Speaker 1: sleet involved and have the best of culinary and the 473 00:23:03,400 --> 00:23:06,360 Speaker 1: best of technology, the best of entertainment. Right. The only 474 00:23:06,359 --> 00:23:08,600 Speaker 1: way to deliver that is a higher per square foot 475 00:23:08,640 --> 00:23:10,840 Speaker 1: cost and per seed costs, and I think that's one 476 00:23:10,880 --> 00:23:13,320 Speaker 1: of the reasons everybody's gonna say, well, maybe you should 477 00:23:13,320 --> 00:23:16,240 Speaker 1: try to capit it fifty five sixty thousand some of 478 00:23:16,280 --> 00:23:18,359 Speaker 1: those elements, you know. And truly, I think when you 479 00:23:18,359 --> 00:23:19,960 Speaker 1: look at the stadium, we're trying to do both. And 480 00:23:20,080 --> 00:23:22,359 Speaker 1: the stadium is the largest stadium the world at three 481 00:23:22,359 --> 00:23:24,919 Speaker 1: point one million square feet. Cowboys is around three million. 482 00:23:25,240 --> 00:23:27,679 Speaker 1: That's about fifty percent bigger than any other stadium. I 483 00:23:27,680 --> 00:23:29,800 Speaker 1: believe that land is about two million square feet. So 484 00:23:30,200 --> 00:23:33,280 Speaker 1: you are doing all of these things in an extraordinary level, 485 00:23:33,920 --> 00:23:36,600 Speaker 1: at the largest scale that's ever been done. And then 486 00:23:36,640 --> 00:23:38,879 Speaker 1: you include, you know, we're fortunate enough with Brian and 487 00:23:38,880 --> 00:23:41,880 Speaker 1: the rest of the NFL locating NFL Media right across 488 00:23:41,960 --> 00:23:44,879 Speaker 1: the walkway from our stadium, and the infrastructure and the 489 00:23:44,920 --> 00:23:47,800 Speaker 1: cabling and and how you bring NFL Media to life, 490 00:23:48,200 --> 00:23:50,040 Speaker 1: and how you bring a whole entertainment district to life. 491 00:23:50,040 --> 00:23:52,320 Speaker 1: That's really where the costs come from. But you know what, 492 00:23:52,400 --> 00:23:55,119 Speaker 1: I attempt this in any other city, I wouldn't. I 493 00:23:55,160 --> 00:23:58,000 Speaker 1: think Stand is the perfect person to bring this to 494 00:23:58,240 --> 00:24:01,960 Speaker 1: life from Los Angeles. And you meant, in the full campus. Um, 495 00:24:02,000 --> 00:24:04,520 Speaker 1: you know three and a half times the size of Disneyland. 496 00:24:04,520 --> 00:24:08,920 Speaker 1: I saw twice the size of the Vatican. You know, hotels, restaurants, retail. Uh. 497 00:24:09,000 --> 00:24:11,400 Speaker 1: Do you think of the Rams as still a football 498 00:24:11,400 --> 00:24:13,600 Speaker 1: team first and foremost? Or are the Rams of real 499 00:24:13,720 --> 00:24:16,840 Speaker 1: estate company? Are they a total entertainment company? How do 500 00:24:16,880 --> 00:24:19,720 Speaker 1: you think about the Rams in the overall? Well, I think, 501 00:24:19,720 --> 00:24:21,720 Speaker 1: as you said here this week, you know, I certainly 502 00:24:21,760 --> 00:24:24,320 Speaker 1: focus on the game being a football team, but I 503 00:24:24,320 --> 00:24:26,680 Speaker 1: think stand you know, if you look at how many 504 00:24:26,680 --> 00:24:28,760 Speaker 1: teams you when you talk about ownership of five teams, 505 00:24:28,800 --> 00:24:31,840 Speaker 1: ownership of you know, Altitude Sports and Denver is a 506 00:24:31,960 --> 00:24:34,280 Speaker 1: media enterprise. You know what we're doing on the real 507 00:24:34,359 --> 00:24:36,560 Speaker 1: estate end here in Los Angeles and you know, building 508 00:24:36,560 --> 00:24:39,000 Speaker 1: out that sports entertainment district. I think you know what 509 00:24:39,080 --> 00:24:42,680 Speaker 1: you're seeing in Hollywood Park is the merger of real estate, entertainment, 510 00:24:43,080 --> 00:24:45,800 Speaker 1: sports teams coming together. And you know this is the 511 00:24:45,840 --> 00:24:48,000 Speaker 1: one person in stan Clunky who could get that done. 512 00:24:48,440 --> 00:24:51,600 Speaker 1: We're talking to the CEO of the Los Angeles Rams, 513 00:24:51,720 --> 00:24:55,920 Speaker 1: Kevin Demov. I have to ask. Obviously, sports betting has 514 00:24:55,960 --> 00:25:00,400 Speaker 1: been huge, and you are part of the biggest sports 515 00:25:00,400 --> 00:25:04,200 Speaker 1: betting event ever prop bets for days all over the place. 516 00:25:04,280 --> 00:25:07,600 Speaker 1: What your thoughts about sports betting and how it's going 517 00:25:07,680 --> 00:25:10,800 Speaker 1: to probably grow in the US. Well, I think one 518 00:25:10,840 --> 00:25:13,240 Speaker 1: of the great things about sports betting is that it 519 00:25:13,320 --> 00:25:16,200 Speaker 1: allows people to stay entertained week to week, game to game, 520 00:25:16,400 --> 00:25:18,600 Speaker 1: you know, and I think profits throughout the game. So 521 00:25:18,640 --> 00:25:20,399 Speaker 1: if the games the thirty point game, the prop that 522 00:25:20,680 --> 00:25:23,840 Speaker 1: still could be something that keeps people interested in the game. 523 00:25:23,880 --> 00:25:25,840 Speaker 1: And to me, that's no different than fantasy football. How 524 00:25:25,880 --> 00:25:28,520 Speaker 1: many of us have all watched the last play of 525 00:25:28,600 --> 00:25:31,399 Speaker 1: Monday Night Football, you know, because we need three points 526 00:25:31,400 --> 00:25:33,480 Speaker 1: from our tight end to win the fantasy week. But 527 00:25:33,520 --> 00:25:35,840 Speaker 1: I mean, I think that right, and I think everybody's 528 00:25:35,880 --> 00:25:38,560 Speaker 1: got a story about that. Another thing, gambling gives some 529 00:25:38,640 --> 00:25:41,159 Speaker 1: of that that element as well, and it's clearly, you know, 530 00:25:41,200 --> 00:25:44,760 Speaker 1: whether it's been legalized or done in Las Vegas or offshore, 531 00:25:44,920 --> 00:25:47,280 Speaker 1: it's been something that people have been entertained by and 532 00:25:47,440 --> 00:25:49,800 Speaker 1: participated found a long time. And I think it's really 533 00:25:49,800 --> 00:25:53,439 Speaker 1: that next frontier and ultimately how that plays to the 534 00:25:53,520 --> 00:25:56,600 Speaker 1: end game experience and whether you see the US become 535 00:25:56,640 --> 00:26:00,240 Speaker 1: more like London or England in terms of what you 536 00:26:00,240 --> 00:26:02,920 Speaker 1: see the Premier league in certain BET's being allowed to 537 00:26:02,960 --> 00:26:06,600 Speaker 1: be placed stadiums, whether it stays solely at casinos, how 538 00:26:06,680 --> 00:26:09,440 Speaker 1: states want to regulating this. I think it's all fascinating 539 00:26:09,480 --> 00:26:11,960 Speaker 1: for us as we sit back on on the frontier. 540 00:26:12,000 --> 00:26:15,359 Speaker 1: I think from a team perspective, you're the first thought 541 00:26:15,440 --> 00:26:18,440 Speaker 1: is make sure that the game is you know, protected, 542 00:26:19,080 --> 00:26:21,920 Speaker 1: you know, has integrity, that people don't doubt what's happening 543 00:26:21,920 --> 00:26:24,040 Speaker 1: on the field, that your players stay far away from this. 544 00:26:24,440 --> 00:26:26,520 Speaker 1: And then at a macro level, you know, following the 545 00:26:26,520 --> 00:26:28,600 Speaker 1: trams that happened in the US, and how it can 546 00:26:28,640 --> 00:26:31,920 Speaker 1: help grow our fan base, no different than we're talking 547 00:26:31,920 --> 00:26:34,360 Speaker 1: about the you know, getting people into seats and keeping 548 00:26:34,400 --> 00:26:36,960 Speaker 1: them entertainment. If this is a way that you know, 549 00:26:37,040 --> 00:26:39,520 Speaker 1: through sports betting being legalized, we can find a way 550 00:26:39,560 --> 00:26:42,000 Speaker 1: to grow fans, you know, across the country. That's a 551 00:26:42,040 --> 00:26:44,720 Speaker 1: great outcome. Do you think that the the outcry over 552 00:26:44,920 --> 00:26:48,760 Speaker 1: the potential miscall against the Saints was louder in two 553 00:26:48,760 --> 00:26:52,040 Speaker 1: thousand nineteen because there are a number of states that 554 00:26:52,160 --> 00:26:54,080 Speaker 1: have legalized sports betting, and there there may be more 555 00:26:54,200 --> 00:26:56,560 Speaker 1: NFL fans who had more than just you know, a 556 00:26:56,600 --> 00:27:01,840 Speaker 1: casual rooting interest in the game itself. I don't think so. 557 00:27:01,880 --> 00:27:04,320 Speaker 1: I mean, I you know, you see it. I mean, chief, 558 00:27:04,760 --> 00:27:08,280 Speaker 1: you know, Scott van Pelt has a whole because segment 559 00:27:08,400 --> 00:27:11,640 Speaker 1: on back beats every night every week. So I think 560 00:27:11,680 --> 00:27:13,639 Speaker 1: that's probably the change. More you see all kinds of 561 00:27:13,640 --> 00:27:16,280 Speaker 1: crazy outcomes. I mean, someone at media night asked Todd 562 00:27:16,280 --> 00:27:18,439 Speaker 1: Gurley about, you know, taking a knee at the one 563 00:27:18,520 --> 00:27:20,919 Speaker 1: yard line instead of scorning against the Packers, which changed 564 00:27:21,560 --> 00:27:23,640 Speaker 1: I think the spread in the game, or they mentioned 565 00:27:23,640 --> 00:27:25,199 Speaker 1: that it may have cost you know, people money by 566 00:27:25,280 --> 00:27:27,560 Speaker 1: not scoring, right. I think there there's that a go 567 00:27:27,800 --> 00:27:31,200 Speaker 1: now to too many things of how things play out 568 00:27:31,240 --> 00:27:34,760 Speaker 1: and where they go. Um. But I think that's why 569 00:27:34,800 --> 00:27:36,320 Speaker 1: it goes back to the integrity of the game is 570 00:27:36,359 --> 00:27:38,920 Speaker 1: the most important thing to protect. And you certainly don't 571 00:27:38,920 --> 00:27:41,080 Speaker 1: want calls or you know, a guy dropping a ball 572 00:27:41,119 --> 00:27:44,320 Speaker 1: who's wide open being questioned for integrity and that's first 573 00:27:44,359 --> 00:27:46,000 Speaker 1: and foremost wear as the league. I think we have 574 00:27:46,080 --> 00:27:48,600 Speaker 1: to make sure that, you know, we take those questions 575 00:27:48,600 --> 00:27:50,600 Speaker 1: out of the game. We are chatting with Kevin dam Off, 576 00:27:50,720 --> 00:27:52,920 Speaker 1: the CEO of the l A. Rams, and Kevin, I 577 00:27:52,960 --> 00:27:55,879 Speaker 1: want to pivot to executive search. We did a Bloomberg 578 00:27:56,400 --> 00:27:59,200 Speaker 1: Business Week cover story not long ago, when David Stern 579 00:27:59,280 --> 00:28:02,400 Speaker 1: yielded to Adam Silver about sort of this easy transition. 580 00:28:03,040 --> 00:28:06,720 Speaker 1: You guys, you hired a thirty year old coach. You 581 00:28:06,920 --> 00:28:08,479 Speaker 1: were quoted as saying, I don't know how we're going 582 00:28:08,520 --> 00:28:10,240 Speaker 1: to hire a thirty year of coach, and then after 583 00:28:10,280 --> 00:28:11,600 Speaker 1: meeting with him, was I don't know how we're not 584 00:28:11,640 --> 00:28:14,159 Speaker 1: going to hire a thirty year old coach. What was 585 00:28:14,200 --> 00:28:17,520 Speaker 1: the interview process? Like, if I want to get hired 586 00:28:17,560 --> 00:28:21,080 Speaker 1: as the coach of the Rams, what sorts of processes 587 00:28:21,119 --> 00:28:24,159 Speaker 1: can I expect? God, I hope we're not doing a 588 00:28:24,200 --> 00:28:26,760 Speaker 1: head coaching sargeant times. Yeah, I think I think you 589 00:28:26,840 --> 00:28:29,280 Speaker 1: said for a while, although if I may, I don't 590 00:28:29,320 --> 00:28:33,080 Speaker 1: need to go to Spago for my interview. I'm good 591 00:28:33,240 --> 00:28:36,119 Speaker 1: with the in and out on Spulvita. Well we we. 592 00:28:36,320 --> 00:28:37,800 Speaker 1: I think we took Seawan in and out at one 593 00:28:37,840 --> 00:28:40,320 Speaker 1: point in the process. Spago is really the culmination. So 594 00:28:41,080 --> 00:28:44,440 Speaker 1: that was the closing dinner. But I think our viewpoint was, 595 00:28:44,880 --> 00:28:46,440 Speaker 1: you know, when I know the trend now is everybody's 596 00:28:46,440 --> 00:28:48,920 Speaker 1: talking about young offensive coaches. Sean was really the only 597 00:28:49,040 --> 00:28:52,400 Speaker 1: coach we interviewed who hit that genre. We talked to 598 00:28:52,520 --> 00:28:55,000 Speaker 1: defensive coordinators. We talked to people who have never been coaches, 599 00:28:55,040 --> 00:28:58,040 Speaker 1: We talked to college coaches, UM, we talked offense quarters. 600 00:28:58,080 --> 00:28:59,960 Speaker 1: I think when you looked at you know, the day 601 00:29:00,000 --> 00:29:03,720 Speaker 1: that there is no subset of coaches, whether it's first 602 00:29:03,720 --> 00:29:06,200 Speaker 1: time or offense or defense, or college or former head coaches, 603 00:29:06,240 --> 00:29:08,080 Speaker 1: that has any more success and man of all than others. 604 00:29:08,400 --> 00:29:11,160 Speaker 1: The one data point we did find that was interesting 605 00:29:11,280 --> 00:29:13,920 Speaker 1: was that really young coaches had boom bus qualities either 606 00:29:14,360 --> 00:29:16,160 Speaker 1: one super Bowls and went to the Hall of Fames 607 00:29:16,240 --> 00:29:20,560 Speaker 1: or their ridicule jokes for their lifetime. UM. And you know, 608 00:29:20,640 --> 00:29:23,200 Speaker 1: you realize you were taking a risk there. But it's 609 00:29:23,240 --> 00:29:25,560 Speaker 1: like everything else. We do an executive search and you know, 610 00:29:25,560 --> 00:29:27,400 Speaker 1: we're a team on the business side. We don't hire 611 00:29:27,480 --> 00:29:30,080 Speaker 1: usually from within sports. You know, we have picked people 612 00:29:30,200 --> 00:29:35,240 Speaker 1: from Yahoo or you know, from Disney, from tech companies, 613 00:29:35,840 --> 00:29:38,160 Speaker 1: from Hershey's to come join our staff. You know, we 614 00:29:38,240 --> 00:29:40,360 Speaker 1: really try to look at a different viewpoint to bring 615 00:29:40,640 --> 00:29:43,120 Speaker 1: people who are sports fans into our organizations, to bring 616 00:29:43,120 --> 00:29:46,160 Speaker 1: the best principles of other businesses, you know, elsewhere. And 617 00:29:46,360 --> 00:29:48,520 Speaker 1: I think really the search process for the head coach 618 00:29:48,520 --> 00:29:51,680 Speaker 1: started withstand challenging us to say, you know, go find 619 00:29:51,680 --> 00:29:54,120 Speaker 1: the best coach for Los Angeles Rams right now. And 620 00:29:54,160 --> 00:29:56,800 Speaker 1: and I'm not wedded to a certain type and being 621 00:29:56,840 --> 00:29:58,920 Speaker 1: open minded to even interview in the third year old coach. 622 00:29:58,960 --> 00:30:02,480 Speaker 1: And you know, we didn't our homework. Everybody said Sean 623 00:30:02,520 --> 00:30:05,240 Speaker 1: McVeigh was a superstar, and they just didn't know when 624 00:30:05,240 --> 00:30:07,320 Speaker 1: he'd be ready. And we kind of looked at it. 625 00:30:07,360 --> 00:30:08,720 Speaker 1: And I don't mean this tongue in cheek as we 626 00:30:08,720 --> 00:30:10,600 Speaker 1: said here in the Super Bowl thing. You know, we're 627 00:30:10,600 --> 00:30:12,640 Speaker 1: probably not gonna win the Super Bowl in two seventeen. 628 00:30:12,640 --> 00:30:14,320 Speaker 1: If it takes him the year to learn on the job, 629 00:30:14,840 --> 00:30:16,880 Speaker 1: you know, so be it. His year learning on the 630 00:30:16,960 --> 00:30:19,920 Speaker 1: job was a division title, uh in a playoff appearance 631 00:30:19,960 --> 00:30:21,240 Speaker 1: for the first time in a decade, And here we 632 00:30:21,280 --> 00:30:23,360 Speaker 1: are two years later, sitting in the Super Bowl. But 633 00:30:23,680 --> 00:30:26,200 Speaker 1: I think the most important thing emotional intelligence is a 634 00:30:26,200 --> 00:30:29,320 Speaker 1: head coach, ability to lead, ability to communicate. You figured, 635 00:30:29,360 --> 00:30:33,400 Speaker 1: they can all called plays, no offense, defense, will hire 636 00:30:33,400 --> 00:30:37,080 Speaker 1: a great staff, But it's really those those trades emotional intelligence, 637 00:30:37,440 --> 00:30:39,200 Speaker 1: you know, being a great communicator, a great leader. And 638 00:30:39,240 --> 00:30:42,000 Speaker 1: I think Sean McVeigh is not only a fantastic football coach. 639 00:30:42,280 --> 00:30:44,160 Speaker 1: I think he could be a CEO of a tech company. 640 00:30:44,200 --> 00:30:47,240 Speaker 1: I think he could run any portrait. He's just that 641 00:30:47,320 --> 00:30:49,560 Speaker 1: good of a leader. Laslie, was there a moment where 642 00:30:49,600 --> 00:30:52,120 Speaker 1: you said, this is our guy, no doubt about it, right, 643 00:30:52,440 --> 00:30:55,320 Speaker 1: I think you know our g M left need wrote 644 00:30:55,360 --> 00:30:57,560 Speaker 1: down five minutes in. You know, age doesn't matter, and 645 00:30:57,720 --> 00:31:00,640 Speaker 1: I think as soon as Sean you know, started talking, 646 00:31:00,760 --> 00:31:02,520 Speaker 1: we all looked at each other and it was more 647 00:31:03,040 --> 00:31:05,120 Speaker 1: I think, less tip exactly right are we going to be? 648 00:31:05,960 --> 00:31:07,480 Speaker 1: You know, are we willing to pull the trigger on 649 00:31:07,560 --> 00:31:10,520 Speaker 1: something we know is right? Um? But from the moment 650 00:31:10,560 --> 00:31:12,280 Speaker 1: we sat down a hot dinner with Saw McVey, I 651 00:31:12,280 --> 00:31:15,120 Speaker 1: think we were all blown away by this was a 652 00:31:15,160 --> 00:31:18,680 Speaker 1: generational type leader in challenge and I think standard the 653 00:31:18,680 --> 00:31:21,160 Speaker 1: best word. After we left dinner with Marshall falk Atspago 654 00:31:21,320 --> 00:31:23,720 Speaker 1: and there was Spike Pergie and Josh Hamil and Wolf 655 00:31:24,040 --> 00:31:27,400 Speaker 1: Park thinking that McVeigh was an intern, I think it 656 00:31:27,400 --> 00:31:29,560 Speaker 1: all came down to, you know, Stan Cronkie said this 657 00:31:29,600 --> 00:31:32,000 Speaker 1: guy is special and I think that has proven to be. 658 00:31:32,480 --> 00:31:34,560 Speaker 1: He comes into the league at a time when you know, 659 00:31:34,680 --> 00:31:38,120 Speaker 1: technology I think is fundamentally changing, at least the way 660 00:31:38,160 --> 00:31:41,440 Speaker 1: people view the on field product the r f I 661 00:31:41,520 --> 00:31:44,120 Speaker 1: D chips and shoulder pads. Do you think he's using 662 00:31:44,160 --> 00:31:46,280 Speaker 1: and his staff is using tech in a way different 663 00:31:46,320 --> 00:31:48,720 Speaker 1: than maybe a head coach you know who's who, who's 664 00:31:48,720 --> 00:31:52,520 Speaker 1: thirty or forty years old. There is I don't think different. Obviously, 665 00:31:52,560 --> 00:31:54,880 Speaker 1: the tools and resources are all available to the teams 666 00:31:54,880 --> 00:31:57,040 Speaker 1: in the same way. I think they're probably I don't 667 00:31:57,040 --> 00:31:58,960 Speaker 1: want to say they're more efficient, but they're certainly more 668 00:31:58,960 --> 00:32:01,600 Speaker 1: comfortable being around act and there's certainly you know, they 669 00:32:01,680 --> 00:32:04,600 Speaker 1: understand players and social media because they've grown up using 670 00:32:04,640 --> 00:32:07,880 Speaker 1: social media. You know, they understand, you know, how to 671 00:32:08,320 --> 00:32:10,720 Speaker 1: access film quicker and gets to their point of where 672 00:32:10,720 --> 00:32:12,920 Speaker 1: they want to be. I think they're so efficient as 673 00:32:12,960 --> 00:32:16,240 Speaker 1: a staff and how they use their time because of technology. 674 00:32:16,800 --> 00:32:19,240 Speaker 1: It's not any different. You're sending here a right built Belicheck, 675 00:32:19,800 --> 00:32:21,480 Speaker 1: you know. I think it was referenced a couple of 676 00:32:21,520 --> 00:32:24,920 Speaker 1: years ago talking about my face or Spacebook or all 677 00:32:24,960 --> 00:32:27,720 Speaker 1: of that. And he's had great success. Pete Turles had 678 00:32:28,040 --> 00:32:30,280 Speaker 1: great success, and they're the two oldest coaches in the league. 679 00:32:30,280 --> 00:32:33,040 Speaker 1: They have multiple Super Bow appearances between them, So I 680 00:32:33,080 --> 00:32:36,800 Speaker 1: don't think ages its determined success. I do think they 681 00:32:36,840 --> 00:32:39,640 Speaker 1: probably are more comfortable around technology, but at the end 682 00:32:39,640 --> 00:32:42,760 Speaker 1: of the day, it's about leading people and that's the difference. Alright, Kevin, 683 00:32:42,800 --> 00:32:44,720 Speaker 1: before I allowed Michael bar to rep since you brought 684 00:32:44,760 --> 00:32:46,239 Speaker 1: up his name, can you give me your best your 685 00:32:46,240 --> 00:32:50,080 Speaker 1: best Wolfgang Puck imitation? I can say, not with a 686 00:32:50,120 --> 00:32:53,280 Speaker 1: horse voice, but uh, you know the one memory I 687 00:32:53,320 --> 00:32:55,120 Speaker 1: do have at the dinner and as he came over 688 00:32:55,200 --> 00:32:57,360 Speaker 1: and he you know, he and stand are good friends. 689 00:32:57,360 --> 00:32:59,520 Speaker 1: He sells a lot of Stands wine at the restaurants 690 00:33:00,200 --> 00:33:02,240 Speaker 1: and he comes over and he says, Stand, I'm so excited, 691 00:33:02,280 --> 00:33:04,000 Speaker 1: but we have to find a great head coach, and 692 00:33:04,320 --> 00:33:06,360 Speaker 1: you gotta tell me what you're doing. And he's really 693 00:33:06,400 --> 00:33:08,440 Speaker 1: harping on, you know how we need to find a 694 00:33:08,480 --> 00:33:10,400 Speaker 1: head coach and someone who's won a lot of games. 695 00:33:10,400 --> 00:33:13,200 Speaker 1: And Seawan Sitney right there being like, I want to 696 00:33:13,200 --> 00:33:15,240 Speaker 1: be that guy. But I promise you if we took 697 00:33:15,240 --> 00:33:17,600 Speaker 1: Sean McVeigh in Ospago right now, Wolf Game would probably 698 00:33:17,600 --> 00:33:19,400 Speaker 1: go talk to him first ahead of the rest of us. 699 00:33:19,600 --> 00:33:21,840 Speaker 1: Oh yeah, he's he's he's tops on the celebrity list 700 00:33:21,960 --> 00:33:24,200 Speaker 1: right now. He is a list right now. And if 701 00:33:24,240 --> 00:33:26,280 Speaker 1: he wins, forget it, and that it doesn't even pay no. 702 00:33:27,560 --> 00:33:29,400 Speaker 1: What's help is the first of many for Sean. But 703 00:33:29,440 --> 00:33:31,880 Speaker 1: we're gonna enjoy it as it is. He is the 704 00:33:31,920 --> 00:33:34,960 Speaker 1: CEO of the Los Angeles Rams, Kevin dem Off, and 705 00:33:35,000 --> 00:33:39,080 Speaker 1: I must say, I'm sure Deacon Jones, Merlin Olsen, they're 706 00:33:39,120 --> 00:33:48,080 Speaker 1: looking down saying go boys, mon Vince Ferragamo. I was 707 00:33:48,120 --> 00:33:51,360 Speaker 1: singing more Warren can wait. I was very glad that 708 00:33:51,480 --> 00:33:54,200 Speaker 1: Jason Gay tracked him down. I knew somebody was gonna 709 00:33:54,240 --> 00:33:56,560 Speaker 1: talk to Warren Beatty, and I'm not surprised it was 710 00:33:56,680 --> 00:33:58,880 Speaker 1: Jason Gay in the journal. I gotta say that somebody 711 00:33:58,920 --> 00:34:02,280 Speaker 1: did it. Thank you, Javi, appreciate it. Thank you guys. 712 00:34:02,600 --> 00:34:07,080 Speaker 1: Time now for takeaways. Here's my takeaway. First of all, 713 00:34:07,360 --> 00:34:11,360 Speaker 1: we spoke to the CEO of the Los Angeles Rams 714 00:34:11,400 --> 00:34:14,799 Speaker 1: just before the Super Bowl. Did you imagine how many 715 00:34:14,880 --> 00:34:18,439 Speaker 1: emotions are going through his mind right now? After all 716 00:34:18,520 --> 00:34:22,280 Speaker 1: the reconstruction of the team. Now all right, I already 717 00:34:22,680 --> 00:34:25,120 Speaker 1: I already addressed it with him. I said, how important 718 00:34:25,160 --> 00:34:28,239 Speaker 1: is the winning? And it's just he's already won. He's 719 00:34:28,280 --> 00:34:31,120 Speaker 1: already won. The flags are on the cars, the dogs 720 00:34:31,120 --> 00:34:33,719 Speaker 1: are wearing the scarfs. Whatever he said, the attention of 721 00:34:33,920 --> 00:34:37,239 Speaker 1: l A is on the Rams during selling season. It 722 00:34:37,320 --> 00:34:40,120 Speaker 1: might even be better. Dare I say it might be 723 00:34:40,120 --> 00:34:43,359 Speaker 1: better for them not to win the Super Bowl? No no, no, no, 724 00:34:43,360 --> 00:34:46,480 Speaker 1: no no no. Then it's like you, like you played 725 00:34:46,760 --> 00:34:53,319 Speaker 1: to win. From the yes, from the business perspective, it 726 00:34:53,440 --> 00:34:55,400 Speaker 1: might be better for the Golden Knights not to have 727 00:34:55,440 --> 00:34:58,080 Speaker 1: won the Stanley Cup to keep that thirst, that aspiration. 728 00:34:58,600 --> 00:35:00,880 Speaker 1: Good for that, good for business. Yeah, but see that 729 00:35:01,040 --> 00:35:03,840 Speaker 1: the Nights. They are a new young team, their brand 730 00:35:03,840 --> 00:35:06,560 Speaker 1: new spanking. The Rams have been around forever. Well, they 731 00:35:06,640 --> 00:35:08,839 Speaker 1: just got back to l A. Yeah, they just got back. 732 00:35:08,840 --> 00:35:10,760 Speaker 1: I mean, but they go back to the fearsome, foursome 733 00:35:10,840 --> 00:35:14,440 Speaker 1: and all that. Give me Vince Ferragama one more time, Vince, 734 00:35:15,160 --> 00:35:18,960 Speaker 1: al Right. My takeaway from this whole thing was the 735 00:35:19,040 --> 00:35:22,719 Speaker 1: one line where Kevin dem Off said, we don't hire 736 00:35:22,800 --> 00:35:26,880 Speaker 1: from sports. Remember, we don't hire from sports. We have Yahoo, 737 00:35:26,920 --> 00:35:29,560 Speaker 1: we have Disney, we have Hershey, we have tech companies. 738 00:35:29,840 --> 00:35:32,960 Speaker 1: We don't hire from sports. We want folks who like sports, 739 00:35:33,000 --> 00:35:37,600 Speaker 1: sports fans, but bring a perspective from outside of the 740 00:35:37,680 --> 00:35:43,640 Speaker 1: sports world. That was my takeaway. Don't want to feels 741 00:35:43,640 --> 00:35:45,520 Speaker 1: better to be number one than number five. I'll wear 742 00:35:45,560 --> 00:35:47,279 Speaker 1: a number. Because of Mike, we have a chance to 743 00:35:47,280 --> 00:35:48,880 Speaker 1: go for three in a row. Good numbers at a 744 00:35:48,920 --> 00:35:51,040 Speaker 1: good time. When I first started wearing the number, I 745 00:35:51,040 --> 00:35:54,960 Speaker 1: would just happy and bloomberg. Business of sports, the number 746 00:35:54,960 --> 00:35:58,800 Speaker 1: of the week. Time. Now for the number of the week. 747 00:35:59,680 --> 00:36:03,600 Speaker 1: Listen to get a big fat six billion. Now you 748 00:36:03,640 --> 00:36:06,360 Speaker 1: want the funniest part of this. I sent this to you, 749 00:36:06,520 --> 00:36:10,839 Speaker 1: and I don't remember what it was. I said, hey, bar, 750 00:36:11,000 --> 00:36:12,960 Speaker 1: this would be a good number of the week, and 751 00:36:13,040 --> 00:36:18,240 Speaker 1: I have no idea. It's dollars. It was a billion dollars. 752 00:36:19,160 --> 00:36:21,319 Speaker 1: That's what I would like in my bank account. Yeah, 753 00:36:22,800 --> 00:36:25,000 Speaker 1: I go lower and be happy. I I really don't 754 00:36:25,040 --> 00:36:29,080 Speaker 1: remember what it was. I all right, six billion dollars. 755 00:36:29,640 --> 00:36:33,319 Speaker 1: That is the amount that is estimated that Americans will 756 00:36:33,360 --> 00:36:39,680 Speaker 1: wage here on Super Bowl legally, legally or illegally. Let's say, well, 757 00:36:39,760 --> 00:36:42,040 Speaker 1: let's say it's by the American Gaming Associate, so that 758 00:36:42,160 --> 00:36:44,600 Speaker 1: so that's probably I don't remember what they're putting out, 759 00:36:44,920 --> 00:36:48,600 Speaker 1: but hey, this is now the biggest sporting event in 760 00:36:48,680 --> 00:36:54,280 Speaker 1: the country, with some states having legalized sports betting. Uh, 761 00:36:54,320 --> 00:36:58,400 Speaker 1: this is the last time I'm guessing. CBS Sean McManus 762 00:36:58,760 --> 00:37:01,719 Speaker 1: has said that they will discuss anything that has to 763 00:37:01,760 --> 00:37:05,239 Speaker 1: do with sports betting on the Super Bowl broadcast on CBS. 764 00:37:06,120 --> 00:37:08,800 Speaker 1: I'm guessing that's the last time that will ever happen. 765 00:37:09,120 --> 00:37:11,440 Speaker 1: Moving forward, the broadcasters will have to address it. I'm 766 00:37:11,440 --> 00:37:13,440 Speaker 1: gonna give you the breakdown what you were talking about. 767 00:37:13,480 --> 00:37:16,640 Speaker 1: Twenty two point seven million American adults plan to bet 768 00:37:16,840 --> 00:37:19,919 Speaker 1: on Sunday's game. At one point eight million of those 769 00:37:19,960 --> 00:37:25,160 Speaker 1: Americans planned to bet illegally through Bookie let's call him many, 770 00:37:25,560 --> 00:37:30,239 Speaker 1: with millions more likely to bet illegally through offshore online. Well, 771 00:37:30,280 --> 00:37:33,120 Speaker 1: we may or may not have a little box fund 772 00:37:33,200 --> 00:37:35,520 Speaker 1: going on here at the office. And I remember I 773 00:37:35,600 --> 00:37:40,040 Speaker 1: asked you where are you putting? Your name's right because 774 00:37:40,040 --> 00:37:41,799 Speaker 1: I wanted to be right next to you and win, 775 00:37:42,640 --> 00:37:47,239 Speaker 1: and you probably Barbie like close. I'm in another pool, 776 00:37:47,280 --> 00:37:49,080 Speaker 1: you know what. No, I know, I don't want to jinx. 777 00:37:49,520 --> 00:37:51,000 Speaker 1: I'm in another pool, but I don't want to jinx. 778 00:37:51,040 --> 00:37:54,360 Speaker 1: The numbers, good numbers. I hope you've been listening to 779 00:37:54,400 --> 00:37:57,239 Speaker 1: the Bloomberg Business of Sports, and we are here each 780 00:37:57,280 --> 00:37:59,120 Speaker 1: and every week for you at the same time, plus 781 00:37:59,160 --> 00:38:02,240 Speaker 1: online at an Apple podcast and you can catch that Monday's, 782 00:38:02,280 --> 00:38:05,840 Speaker 1: Wednesdays and Thursdays. I'm Michael Bar on Twitter at Big 783 00:38:05,880 --> 00:38:09,520 Speaker 1: Bar Sports, and you can follow Evan Nobe, Williams at 784 00:38:09,600 --> 00:38:12,880 Speaker 1: Novie Underscore, Williams Don't Say It, and I'm Scott Stick. 785 00:38:12,920 --> 00:38:15,440 Speaker 1: You can follow me on Twitter at and thank you 786 00:38:15,520 --> 00:38:17,479 Speaker 1: very much for joining us. Please tune in next week 787 00:38:17,680 --> 00:38:20,359 Speaker 1: when we speak with Rudy Kline Thomas. He's the man 788 00:38:20,440 --> 00:38:23,520 Speaker 1: that puts athletes and tech investors together. You're listening to 789 00:38:23,560 --> 00:38:27,080 Speaker 1: Bloomberg Business of Sports from Bloomberg Radio around the world.