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Speaker 1: This is Bloomberg Business of Sports. The cold heart truth

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Speaker 1: about the Olympic journey is not really been financially incentivize

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Speaker 1: in the same way that many of the professional sports are.

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Speaker 1: But this is a basketball involved NBA, Glivills are linsing

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Speaker 1: arm think for fifty. All of those things will make

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Speaker 1: up what that looks like money in sports. It's one

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Speaker 1: of the reasons why I enjoy doing on Money Night Countdown.

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Speaker 1: Let's talk about some of the more interesting aspects of

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Speaker 1: business of sports. When you're talking sports, discipline is the

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Speaker 1: bridge from being good to ultimately being great at whatever

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Speaker 1: it is that you're trying to be your accomplished as

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Speaker 1: your profession. Bloomberg Business of Sports from Bloomberg Radio. This

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Speaker 1: is the Bloomberg Business of Sports. Should we explore the

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Speaker 1: big money issues in the world of sports on Michael

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Speaker 1: Barr along with our special guest host this week, Damien

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Speaker 1: Sassaur from Bloomberg Intelligence. Thanks for joining us, Damien, thanks

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Speaker 1: for having me, Michael Uh and uh and a bonus

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Speaker 1: bonus host. We're joined today by Bloomberg's at Miller and

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Speaker 1: we're going to talk about cars and racing because you know,

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Speaker 1: Matt he is a resident auto expert, so we asked

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Speaker 1: him to join us for this conversation. Matt, you are

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Speaker 1: the man. Thank you for joining us. It's my pleasure

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Speaker 1: and I am so excited for all the racing. We're

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Speaker 1: going to cover everything from the iconic Formula one race

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Speaker 1: in Wantaco to the maybe even more iconic Indie five

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Speaker 1: and then well you won't see McLaren in this because

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Speaker 1: then if you are just you just want to trash

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Speaker 1: out on racing. The Coca Cola six hundred is on

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Speaker 1: after that. This is my kind of well for me.

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Speaker 1: Also for me, Moto g P this weekend at Magello

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Speaker 1: is really where it's at because these guys pass so

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Speaker 1: Moto g P. If you haven't gotten into it, I

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Speaker 1: highly recommend getting on board. Let's get to our conversation.

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Speaker 1: We're talking indie car racing and McLaren with one of

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Speaker 1: the best guests you can have on the topic. We're

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Speaker 1: joined today by McLaren Racing CEO Zac Brown. Zach, thank

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Speaker 1: you so much for joining us on the Bloomberg Business

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Speaker 1: of Sports show. My pleasure, good to be here. Loves

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Speaker 1: talking motivations. He had me at motivation see Zach, I

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Speaker 1: was I'm hog wild Matt Night and Damian hog wild

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Speaker 1: about raising and we're gonna lose their minds. But then

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Speaker 1: the suits came in and said, no, you gotta calm

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Speaker 1: it down a bit, and remember this is the business

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Speaker 1: of sports. So okay, I'll talk about the business of supports.

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Speaker 1: Oh it's Indy Car Weekend. The Indie five hundred is

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Speaker 1: this weekend the one of the biggest automobile races in

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Speaker 1: the world. Zack, can you can you take us about

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Speaker 1: what that race means and what it feels like to

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Speaker 1: be part of it. It is awesome. Uh, it is

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Speaker 1: the biggest race in the world, at least statistically from

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Speaker 1: how many people are going to be sitting in the

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Speaker 1: grand stands. Uh, it's what I grew up walking, which

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Speaker 1: I think millions of people could say the same thing

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Speaker 1: always Memorial Day weekend. It's just special and it's a

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Speaker 1: bucket list event. And even for people that don't necessarily

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Speaker 1: follow indiecar racing. I've never met someone where I've said

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Speaker 1: d They've said, what is that? Yeah, No, it's a

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Speaker 1: total bucket list event. Um. And it's huge for Americans,

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Speaker 1: and I guess if you're a racing fanatic, um, Internationally

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Speaker 1: big as well. Uh, the the the, The Formula one

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Speaker 1: story was big internationally and not that big for Americans

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Speaker 1: until this Netflix series came out a few years ago,

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Speaker 1: and that's just blown it back up into the stratosphere again.

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Speaker 1: Does does uh IndyCar racing also get a boost as

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Speaker 1: people are paying so much more attention to F one? Yeah?

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Speaker 1: I think so. I think open wheel racing gets a

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Speaker 1: boost because you'll end up having you know, Netflix has

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Speaker 1: turned on so many people to Formula One that have

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Speaker 1: never watched four and now they watch it, they fall

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Speaker 1: in love with it. And I think when they're flipping

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Speaker 1: through the channels and now they like Formula one race

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Speaker 1: scene and what it stands for, IndyCar racing is awesome.

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Speaker 1: So I think they're gonna flip through the channels they go, oh,

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Speaker 1: here's something that kind of looks like Formula one, maybe

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Speaker 1: I should watch it. And it puts on such a

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Speaker 1: good show. So I think they will build each other's popularity,

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Speaker 1: not detract from. You know, Zach, I gotta say, you know,

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Speaker 1: I mean, I Matt just mentioned if that tried to survive.

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Speaker 1: Netflix reality series is just awesome and it brought me

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Speaker 1: to the sport initially and so you know, I think

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Speaker 1: if you look at one, we had a record nine

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Speaker 1: thousand viewers per race. I think ESPN z F one

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Speaker 1: ratings this year some up something on the order of

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Speaker 1: year every year. I mean, is that do you attribute

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Speaker 1: a lot of that to Liberty Media, to Netflix, the

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Speaker 1: ESPN or is it the sport itself. I mean, you know,

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Speaker 1: two hour venue, you know, um, shorter time commitment for viewers,

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Speaker 1: no commercials, you know, what are your thoughts there? I

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Speaker 1: mean it's just had massive growth. I think that's all

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Speaker 1: the above. I think you've got to start with Austin

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Speaker 1: built a fantastic venue in that race is as popular

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Speaker 1: as ever. I think it had its most attended race

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Speaker 1: last year. So it starts with Austin. I think our

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Speaker 1: TV broadcasters have been great. I think Netflix turbo charged it.

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Speaker 1: You've got to give Liberty the credit for bringing Netflix in.

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Speaker 1: So I think that was a big moment for Formula

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Speaker 1: one globally, where you brought in new owners that saw

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Speaker 1: what potential Formula one had if you if you kind

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Speaker 1: of opened it up, and Netflix was the early start

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Speaker 1: of that. So I think you've got to give Liberty

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Speaker 1: an immense amount of credit. You've got great racing, great teams.

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Speaker 1: Now you've got Miami, now you've got the Vegas coming.

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Speaker 1: I think you should start filing it all together. I

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Speaker 1: think we'll have a new TV deal. I know we'll

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Speaker 1: have a new TV deal next year. I don't know

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Speaker 1: where who, but it will be uh improved because you've

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Speaker 1: got a lot of people bidding for it, including the

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Speaker 1: current broadcaster. And I think now that they all see

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Speaker 1: how popular Formula one is, they will double down and

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Speaker 1: not just feel financially, but on content. So I just

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Speaker 1: think we're going from strength to strength in Formula one.

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Speaker 1: Old Uncle Mike wants to bring back some of the

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Speaker 1: history of McLaren. By the way, you can't miss it,

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Speaker 1: especially in the seventies. That orange car. You cannot miss

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Speaker 1: that at all. And yes, I'm giving away my age.

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Speaker 1: I was ten when I saw Johnny Rutherford when the

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Speaker 1: nineteen seventy in the McLaren. Uh, Peter Revson, he drove

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Speaker 1: the McLaren back around seventy one at Indie. Can you

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Speaker 1: talk about the history McLaren has had at Indianapolis. I

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Speaker 1: love McClaren's history, and that's uh one of my favorite

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Speaker 1: reasons why I took the job. Is I'm a bit

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Speaker 1: of a historian on on all motorsports and a huge

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Speaker 1: fan and specifically a huge fan of McLaren and love

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Speaker 1: our history in different forms of motorsports and and you

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Speaker 1: know specifically Indianapolis. We uh, we're the chess manufacturer than

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Speaker 1: when Roger won his first race with Mark Donahue, and

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Speaker 1: then of course we went on to when it twice

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Speaker 1: as McLaren with with Johnny Rutherford. We've got that car

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Speaker 1: sitting at our factory in the nine and I think

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Speaker 1: it's it's awesome. That's when I think of McLaren, I

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Speaker 1: think of Panna am Indy car of course, Formula one Lamar,

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Speaker 1: and that's kind of China what we're replicating now just

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Speaker 1: in modern day racing. Right, we've got our extremely former

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Speaker 1: Lawana Indy car and most recently Hans Formula ET. By

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Speaker 1: the way, I don't want to go on too much

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Speaker 1: of a tangent here, but you mentioned that you have

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Speaker 1: brother Bird's car in the factory, and I was in

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Speaker 1: Bill Boo over the weekend and I saw Nick Mason's

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Speaker 1: um Ferrari to fifty g t O and it just

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Speaker 1: makes me think about how much value these assets can

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Speaker 1: have UM and how much they can appreciate. Normal people

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Speaker 1: think of a car as a depreciating asset, but I

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Speaker 1: think investors are increasingly um perking up to the idea

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Speaker 1: that this can be very lucrative UM investment buying and

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Speaker 1: collecting old cars. Did it take you a while to

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Speaker 1: key in on that, because I know you probably just

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Speaker 1: wanted them because you thought they were cool to begin with,

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Speaker 1: and now you have a very large collection. Yeah, they

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Speaker 1: two cars just sold. Two Indy cars, Mario and Ready's

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Speaker 1: it was sixty five or sixty six cars just sold

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Speaker 1: at auction for kind of a record number. UM and

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Speaker 1: Dan Gidy's last Indy car, whether I think it was

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Speaker 1: in Sonoma, just sold. And you're exactly right that the

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Speaker 1: great stuff, the stuff that's head agreed, whether it's Team driver, manufacturer,

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Speaker 1: are great investments. I got into it just because of

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Speaker 1: my love of the cars and as opposed to buying

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Speaker 1: them for investment reasons. But what I have done because

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Speaker 1: there are great investments, has given me confidence to spend

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Speaker 1: even more to fulfill my passion. But also knowing that

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Speaker 1: it's money well invested, you know that I'm going to

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Speaker 1: be in London at the end of the months. I

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Speaker 1: look forward to a lift in your Lotus seventy nine.

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Speaker 1: But for me, let's get back on point. You know,

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Speaker 1: we've got the dred this weekend and if I'm not mistaken,

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Speaker 1: Scott Dixon had the fastest poll time in Indi history, right,

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Speaker 1: So I mean my question for you is, how are

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Speaker 1: you guys position to compete? How's McLaren gonna do. I'll

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Speaker 1: know a lot more Sunday night. I can make good

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Speaker 1: predictions then, um, I think, yeah, Dixon's amazing, right, is

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Speaker 1: a legend of their sport us. He's one of his

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Speaker 1: teams wanted a a ton. I like our chances, but

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Speaker 1: there's about fifteen drivers out there that scare me, so

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Speaker 1: that's I think that's the exciting thing about uh Indy

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Speaker 1: car racing is I think Scott's going to be as

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Speaker 1: tough as as anyone. I think we've got to hopefully

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Speaker 1: three cars, and Pablo has to make his way up

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Speaker 1: the field of it. But I think he's got a

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Speaker 1: good race car underneath them, and he's certainly a savvy,

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Speaker 1: experienced driver, so I wouldn't rule him out of anything.

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Speaker 1: But he's got two two drivers that can that can

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Speaker 1: potentially win. So I think that's what's very exciting about

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Speaker 1: IndyCar racing. I want to expand more on what Damien

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Speaker 1: was saying about Scott Dixon. Let me give you the

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Speaker 1: speed he qualified for the poll at two hundred thirty

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Speaker 1: four point oh four or six miles per hour. I

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Speaker 1: want to repeat that, two d thirty four point all

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Speaker 1: four six miles per hour. If you did not have

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Speaker 1: a yellow in the Indie five hundred, you conceivably have

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Speaker 1: a race in two and a half hours. My question is,

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Speaker 1: and I guess we hear it every year when the

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Speaker 1: speeds continue to go up, are they going too fast? Well,

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Speaker 1: they don't seem to think they're going too fast. Obviously

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Speaker 1: they turn it up for for for for qualifying, So

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Speaker 1: I think, um, well, we won't see those speeds in

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Speaker 1: the race. But yeah, they're they're they're flying. I wouldn't

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Speaker 1: want to be in that race car. But that's why

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Speaker 1: these guys get paid the big bucks and love what

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Speaker 1: they do, and they're are a great at it, you know.

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Speaker 1: I think the speed as long as the safety continues

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Speaker 1: to improve, which it does year over year, uh and

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Speaker 1: and the racing is good. I think the racing being

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Speaker 1: good is we need to make sure that they can

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Speaker 1: still draft and pass the run side by side, But

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Speaker 1: it seems like soon as like they can. Yeah, I

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Speaker 1: mean the the absolute speed obviously doesn't matter in terms

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Speaker 1: of how enjoyable it is to watch a race, right,

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Speaker 1: I am looking at a picture UM Damien mentioned a

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Speaker 1: load of seventy nine of of Mario. I think driving

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Speaker 1: that car in in like a classic car race at

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Speaker 1: Silverstone in it is still exciting to watch UM in

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Speaker 1: terms we were talking about this before the show, in

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Speaker 1: terms of UM electric racing. They're not going quite as fast,

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Speaker 1: are they? And for me it's not as exciting to

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Speaker 1: watch because they're just not as loud. But I guess

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Speaker 1: the kids are are starting to really get into it. Yeah,

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Speaker 1: you know, I think UM, the younger generation, they weren't

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Speaker 1: necessarily around when the twelves were running. And you and

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Speaker 1: I you know, love that sound, and I think, of

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Speaker 1: course everybody does. I think the depth of the teams

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Speaker 1: and the drivers, and formally I think that championships is

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Speaker 1: as difficult to win as any championship out there. The cars,

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Speaker 1: you know, with battery technology, the power they continue and

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Speaker 1: the time that can last continues to evolve, you know,

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Speaker 1: in the first couple of seasons, and formerly they had

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Speaker 1: to do a call change in the middle. Now they don't.

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Speaker 1: Now nine is coming generation three and they're gonna have

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Speaker 1: a lot more power. So I think what we're gonna

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Speaker 1: see in formally is it's the test bed for battery technology,

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Speaker 1: and you're going to see these cars evolved and get

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Speaker 1: quicker and quicker over time. Uh. There are those people

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Speaker 1: that missed the sound. I think you and I are

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Speaker 1: one of them, and then there's others that you know,

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Speaker 1: they don't know any differently, and the races excited, exciting,

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Speaker 1: and there's other elements of formerly that get them excited.

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Speaker 1: So I think it's probably no different than any sport

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Speaker 1: we all follow. You look back at things historically quite fondly,

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Speaker 1: and there's things I missed about baseball and things I

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Speaker 1: miss about golf. Uh, And I think that's the same motoracing,

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Speaker 1: you know, Zach. I mean, you know, you can't talk

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Speaker 1: about that foreign or sports more generally speaking, without you know,

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Speaker 1: viewing it within the context of what's going on in

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Speaker 1: the world today. And you know, the war in Ukraine

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Speaker 1: is obviously a big deal. Um and you know. My

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Speaker 1: question for you is, I mean we've seen, you know,

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Speaker 1: other organizations like cost cut Ties with It's Russian fertilizer

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Speaker 1: producers sponsor Earl Collie after the warrn you came broke.

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Speaker 1: I think I think one of the I think maybe

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Speaker 1: the founder's son was one of their drivers or something.

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Speaker 1: But I'm just curious, how is your How has McLaren

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Speaker 1: been impacted by what's going on specifically with regard to Russia.

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Speaker 1: We haven't yet, and I say yet because this isn't

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Speaker 1: over unfortunately, so we didn't really have much, really any

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Speaker 1: direct business, uh in that territory. Obviously the Russian Grand

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Speaker 1: Prix was canceled. That's a little of revenue for us,

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Speaker 1: but also not the expense to go race there. I

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Speaker 1: think the concern of where it could for us is

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Speaker 1: it's impacting a lot of all our corporate partners, and

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Speaker 1: if it gets it's really bad economically, then of course

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Speaker 1: they have to start tightening their their spin. So I think, uh,

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Speaker 1: if we feel it, which I hope we don't, but

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Speaker 1: it just depends how long this goes on for we'll

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Speaker 1: feel it via our partners who are impacted by by

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Speaker 1: what's you know global crisis. Now. Of course the n

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Speaker 1: D five hundred is this weekend, but this is a

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Speaker 1: huge racing weekend before that. In F one they're running

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Speaker 1: the Grand Prix of Monaco, and F one has is

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Speaker 1: climbing here in the US. Now, I'm a motorhead. I'll

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Speaker 1: always I always love any kind of racing, especially F

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Speaker 1: one and even that ugly six wheel card that Jackie

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Speaker 1: Stewart drove. I hated that thing, but hey, it was

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Speaker 1: still a race car I love. Oh man, I'm sorry, man,

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Speaker 1: it's like I'm looking at it. It's like, oh, this

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Speaker 1: looks like a roller skate. What is this? Man? But listen, hey,

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Speaker 1: Jackie Stewart can drive whatever you once because he was

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Speaker 1: the greatest. But my question is F one the rise

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Speaker 1: here in the US. What do you attribute to that?

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Speaker 1: I think, you know, as we discussed earlier, I think

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Speaker 1: it's it's a combination of a lot of factors. Um,

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Speaker 1: the sport has always been awesome. I just don't think

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Speaker 1: it's had a permanent home. If you look back in

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Speaker 1: Formula one, while it was pretty popular here in the

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Speaker 1: seventies and to say the early eighties, how what did

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Speaker 1: it have? Ten different venues it went to and then

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Speaker 1: you had after tire Gate in Indianapolis, Formula one left

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Speaker 1: America and it left America with a bad taste in

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Speaker 1: the U. S market's mouth because of of the race.

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Speaker 1: So I think that really damage Formula One in North America.

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Speaker 1: Time goes by people from Yeah, people forgive, people forget,

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Speaker 1: and you know when Austin came back, that created a

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Speaker 1: lot of excitement. Formula one was in a different place

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Speaker 1: and it's just gone the strength to strength since then.

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Speaker 1: By the way, the tires, you know, in in so

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Speaker 1: many different series, the tires are key and they're supplied

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Speaker 1: by only one or two companies. Wouldn't it be cool

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Speaker 1: if you could if each team could supply its own

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Speaker 1: tires and work with its own um, you know, manufacturer.

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Speaker 1: I mean, would that be bad for some reason? I

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Speaker 1: am I missing something? Well, I mean, it would definitely

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Speaker 1: be cool, but I think it would be economical because

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Speaker 1: then you get into tire wars and then you need

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Speaker 1: a lot of tire manufacturers that are prepared to get

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Speaker 1: into the tire wars. And I think it's something that's

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Speaker 1: sun very visible to the race fan. Uh, And so

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Speaker 1: I think it's it's been a while now since we

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Speaker 1: used to having an indy car, we used of course

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Speaker 1: in form OFLA one, and I think that's probably a

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Speaker 1: thing of the past. From a commutulent cost point of view,

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Speaker 1: I guess I just think about it from in terms

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Speaker 1: of Moto g P M tire management is so important.

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Speaker 1: I guess that's a fun part for the for the

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Speaker 1: viewer to also kind of play around in. But um

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Speaker 1: in terms of Formula One, because Michael brought up the

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Speaker 1: race in Monaco and you're the CEO of McLaren Racing,

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Speaker 1: I think it would will be so interesting to see

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Speaker 1: if Audi or Porsche gets into it. I know you

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Speaker 1: probably can't give us any details on negotiations, but as

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Speaker 1: a fan, won't it be amazing to have a mark

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Speaker 1: like Porsche involved in Formula One? I think uh. I

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Speaker 1: think the rumor on the street is they've done a

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Speaker 1: deal with Red Bull, and uh I think Audi is

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Speaker 1: looking around. We we had some early chats, but what

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Speaker 1: they would want out of a partnership and what we

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Speaker 1: want to have a partnership aren't our aligned. So at

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Speaker 1: this point, UH don't don't see um Audi in our future.

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Speaker 1: But you never know. People priorities change, But I think

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Speaker 1: to get new manufacturers in the sport. I remember bat

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Speaker 1: growing up, when Porsha came into the car with the

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Speaker 1: quicker state than the Foster's car. I was always so

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Speaker 1: excited to see what's that gonna look like? Or when

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Speaker 1: the Alfa Romeo came in with Pat Patrick. So I

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Speaker 1: think it's gonna be great for fans to have more

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Speaker 1: manufacturers involved. And it's you know, gets everyone excited, you know, Zack,

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Speaker 1: I gotta say, you know, when I think of race

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Speaker 1: car drivers and I think of you know, guys from

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Speaker 1: the Carolinas or Tennessee or Indiana. I mean, for me,

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Speaker 1: when I think of a race car driver coming from California,

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Speaker 1: of all places, I think of coul Trickle and days

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Speaker 1: of thunder. So for me, I'm wondering if you could

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Speaker 1: help me better understand your background. You know how you

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Speaker 1: came to love this sport. You know how you became

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Speaker 1: a race car driver yourself, and then you know just

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Speaker 1: marketing international. I mean, how did you get to this place?

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Speaker 1: I have no idea well, a lot of hard work

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Speaker 1: and a lot of travel and a lot of support

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Speaker 1: from a family. Uh you know, I how my father

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Speaker 1: used to take my brother and I to the races

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Speaker 1: in in l A just as a as a fan

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Speaker 1: and I want to hear things. So my first ever

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Speaker 1: race was one long dis Graham Purty, which I remember

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Speaker 1: like it was yesterday. Then he would take us to

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Speaker 1: Riverside for the NASCAR and sports car races, and then

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Speaker 1: we go to the drag races and Pomona. I kind

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Speaker 1: of grew up loving cars and doing two or three

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Speaker 1: races a year from one to eighty five, and then

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Speaker 1: when I got into high school, uh, still loved cars.

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Speaker 1: I went to high school with a buddy who was

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Speaker 1: his father was in the racing business. We went to

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Speaker 1: the Long Beach mam Pre and eight seven Mario dominated

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Speaker 1: that race from pole. I met Mario asked him how

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Speaker 1: do you get STARTI subcarding there happened to be a

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Speaker 1: gym hole carding ad in the race program. I had

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Speaker 1: been on Wheel of Furtune team Week, which is probably

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Speaker 1: a pretty unique way to get into the racing. Sold

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Speaker 1: my winnings there, which were a bunch of watches. I

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Speaker 1: went bought a boat part and I wanted to pursue

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Speaker 1: the formula wondering and then ultimately didn't have any significant

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Speaker 1: family resources. Uh, so I had to learn how to

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Speaker 1: do sponsorship. Raced for ten years. It was clear I

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Speaker 1: wasn't going to make it to the top, but I

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Speaker 1: was pretty good at the sponsor stuff. And started a

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Speaker 1: company j M I really just as as a means

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Speaker 1: to make a living, and then ended up turning that

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Speaker 1: into the world's largest motorsports agency and sold it. And

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Speaker 1: they got the opportunity either joined Formula one a McLaren

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Speaker 1: and I'm a racer, so I wanted to be in

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Speaker 1: the garage and part of the race, so joined McLaren.

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Speaker 1: And you know, here we are, six years in. You're

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Speaker 1: going back to Indianapolis with the man who was a

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Speaker 1: big factor involved with McLaren, Roger Pinsky. Uh, now he

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Speaker 1: owns the racetrack. What what is it like going back

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Speaker 1: there talking to the man? And I'm sure you guys

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Speaker 1: talk all the time about McLaren and about their their

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Speaker 1: progress and and all the history with Roger Pensky. Rogers

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Speaker 1: my my business hero. Um. The way he's built his

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Speaker 1: business around his racing and the way he uses his

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Speaker 1: business to now build his racing is awesome. Uh. It

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Speaker 1: surrounds himself with great people. He's a proper racer. Uh.

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Speaker 1: So I feel very privileged to be able to call

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Speaker 1: him a friend and a competitor all at the same time.

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Speaker 1: And he's great and I think he very much values

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Speaker 1: to McLaren history. Uh. And you know he was the

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Speaker 1: right guy to own Indianapolis Motor Speedway in IndyCar. Um.

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Speaker 1: You know, he's doing it for passions, so you know

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Speaker 1: he's gonna want to leave a great legacy of behind

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Speaker 1: and grow Indy Card to the next level. And that,

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Speaker 1: you know was a big deciding part of you know,

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Speaker 1: when we bought the team was Roger's at the helm

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Speaker 1: and that gives us a lot of optimism for the future.

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Speaker 1: But by the way, first of all, I love Roger Pensky.

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Speaker 1: Also what a what a great guy Um I've known

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Speaker 1: throughout the years, and he's an incredibly interview too. You mentioned, Uh,

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Speaker 1: you know, if you can't get to the top, if

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Speaker 1: you don't have money from your parents, you've gotta hustle, um,

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Speaker 1: really to get to get to the top or to

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Speaker 1: get into the big leagues. And in the past, UM,

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Speaker 1: there have been few hustlers. Right, It's a lot or

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Speaker 1: let's say, especially in f one, a lot more people

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Speaker 1: that just have money that are piloting those, um, big

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Speaker 1: dollar machines. Do you think that's changing now? I mean,

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Speaker 1: I know there's a huge push for diversity. Um are

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Speaker 1: there are people like you bringing drivers in who previously

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Speaker 1: wouldn't have been able to have the privilege. Yeah. I

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Speaker 1: think it's always going to be a very expensive sport

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Speaker 1: and someone needs to pay for it, and whether that's family, friends, sponsors,

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Speaker 1: racing teams identifying you at a at a young age.

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Speaker 1: I you know, we always are looking for the best drivers. Um,

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Speaker 1: but but you know, it's an expensive sport. Someone needs

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Speaker 1: to right to check. So I think there's always going

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Speaker 1: to be an element of that. What I'd what I'd

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Speaker 1: like to see, and I think we're we're getting there,

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Speaker 1: is have the top professional teams hiring exclusively the best

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Speaker 1: drivers they can. So while you might need or you

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Speaker 1: will need resources to come up through the junior formula

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Speaker 1: of I'd like to see all murder sports be health

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Speaker 1: to be at the highest levels where you'd no longer

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Speaker 1: require that to be part of your racing. You know,

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Speaker 1: there's a couple of Formula one teams that take paying drivers.

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Speaker 1: I think it's okay they had to pay to get there,

429
00:25:15,640 --> 00:25:18,840
Speaker 1: but you'd like to thank hey everyone in Formula one.

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00:25:19,320 --> 00:25:22,440
Speaker 1: Those are the twenty best drivers in the world or

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00:25:22,520 --> 00:25:25,000
Speaker 1: twenty best Formula one drivers in the world. Reality is,

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00:25:25,040 --> 00:25:28,200
Speaker 1: it's probably the sixth and best, and there's maybe four

433
00:25:28,240 --> 00:25:31,400
Speaker 1: that are questionable on whether they would truly be there

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00:25:31,440 --> 00:25:34,560
Speaker 1: if they didn't have sponsorship that the teams needed, if

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00:25:34,560 --> 00:25:38,560
Speaker 1: they could get the teams healthier than they less dependent

436
00:25:38,600 --> 00:25:43,800
Speaker 1: on Paul and driver sponsors. Zach Brown, CEO of McLaren Racing,

437
00:25:44,160 --> 00:25:47,159
Speaker 1: when they told me you were the guests, my bosses said, okay,

438
00:25:47,359 --> 00:25:51,280
Speaker 1: keep it professional, do a professional interview. I said, okay.

439
00:25:51,320 --> 00:25:54,720
Speaker 1: They went around the corner and I shouted, oh lordy, yes,

440
00:25:55,000 --> 00:25:58,920
Speaker 1: thank you, Zach Man from one motorhead to another. Thank you, sir,

441
00:25:59,680 --> 00:26:03,200
Speaker 1: my my pleasure. Love the love chatting love chatting ration.

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00:26:03,280 --> 00:26:07,479
Speaker 1: As you guys know. Thanks again. Just to talk about

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00:26:07,520 --> 00:26:11,240
Speaker 1: the history of McLaren and like I said, I remember

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00:26:11,280 --> 00:26:13,520
Speaker 1: all of these races that they want. I remember Mark

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00:26:13,600 --> 00:26:17,760
Speaker 1: Donahue winning the seventy two race, Johnny Rutherford winning the

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00:26:17,840 --> 00:26:21,240
Speaker 1: seventy four race, I remember the seventies six win. It's

447
00:26:21,280 --> 00:26:27,080
Speaker 1: really neat to see McLaren and that history at Indianapolis, Mat. Yeah,

448
00:26:27,160 --> 00:26:29,920
Speaker 1: it is very neat, and of course, um, like you,

449
00:26:30,480 --> 00:26:33,439
Speaker 1: I tend to get sidetracked into more of the racing

450
00:26:33,480 --> 00:26:35,520
Speaker 1: stuff and less of the business stuff. When we first

451
00:26:35,520 --> 00:26:39,240
Speaker 1: started out this chat, Damien mentioned that, you know, Zach

452
00:26:39,359 --> 00:26:41,840
Speaker 1: has a McLaren speed Tail, and I know he has

453
00:26:41,840 --> 00:26:44,880
Speaker 1: a Porsche nine sixty two and just some awesome cars.

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00:26:44,880 --> 00:26:48,800
Speaker 1: But actually in this conversation I found the business aspect

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00:26:48,880 --> 00:26:51,119
Speaker 1: even more interesting. You know, when he told us about

456
00:26:51,640 --> 00:26:54,760
Speaker 1: how he got started um in l A and he

457
00:26:54,840 --> 00:26:57,359
Speaker 1: had to kind of hustle because he didn't have family

458
00:26:57,440 --> 00:27:01,159
Speaker 1: involved in racing or you know billionaire parrants that he

459
00:27:01,320 --> 00:27:05,080
Speaker 1: ended up working with Roger as a mentor and uh,

460
00:27:05,119 --> 00:27:07,439
Speaker 1: you know, starting his own team instead. The to me,

461
00:27:07,520 --> 00:27:10,199
Speaker 1: the business aspect of it is is so exciting, and

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00:27:10,200 --> 00:27:12,760
Speaker 1: I'd really like to see more diversity. I think Lewis

463
00:27:12,800 --> 00:27:16,080
Speaker 1: Hamilton's might be the only black kid who ever raced

464
00:27:16,119 --> 00:27:18,280
Speaker 1: in Formula One, and there's been a few in NASCAR

465
00:27:18,440 --> 00:27:21,199
Speaker 1: and a couple in Indiecar, but um, it's for the

466
00:27:21,240 --> 00:27:25,600
Speaker 1: most part, it's it's just um been like privileged rich

467
00:27:25,800 --> 00:27:27,600
Speaker 1: boys who have been able to do it. So I'd

468
00:27:27,600 --> 00:27:29,520
Speaker 1: like to see more women I'd like to see more

469
00:27:29,560 --> 00:27:33,480
Speaker 1: diverse pilots and mechanics and team owners, and maybe we're

470
00:27:33,520 --> 00:27:35,800
Speaker 1: headed that direction. I mean, look, I'm gonna take the

471
00:27:35,840 --> 00:27:37,480
Speaker 1: other side of that. Man. I'm not a rich boy either,

472
00:27:37,520 --> 00:27:39,320
Speaker 1: but I could listen to him talk about his a

473
00:27:39,480 --> 00:27:41,840
Speaker 1: C Cobra two eighty nine and his four wheel drive

474
00:27:41,880 --> 00:27:46,439
Speaker 1: and horsepower Monster Porne all day long. I mean, and

475
00:27:46,480 --> 00:27:50,280
Speaker 1: this is my only regret, is he races these classic cars.

476
00:27:50,320 --> 00:27:52,080
Speaker 1: You know what I mean. He just raced an eighty

477
00:27:52,160 --> 00:27:54,480
Speaker 1: nine t w R Jaguar at the Grand Prix b

478
00:27:54,480 --> 00:27:56,640
Speaker 1: Long Bereach in April, so you know he's still He's

479
00:27:56,680 --> 00:27:58,199
Speaker 1: still got a man, he still got the itch. Hes

480
00:27:58,200 --> 00:28:01,479
Speaker 1: still gotta scratch it. Okay, that's right. I have to

481
00:28:01,520 --> 00:28:05,560
Speaker 1: introduce you to this, Matt. It's called the Number of

482
00:28:05,600 --> 00:28:11,400
Speaker 1: the Week. Kids. Feels better to be one than number five.

483
00:28:11,400 --> 00:28:13,040
Speaker 1: I'll wear a number because of Mike. We have a

484
00:28:13,119 --> 00:28:14,919
Speaker 1: chance to go for three in a row. Good numbers

485
00:28:14,920 --> 00:28:17,080
Speaker 1: are a good time. When I first started wearing the number,

486
00:28:17,119 --> 00:28:20,320
Speaker 1: how we just have been proud Ploomberg Business of Sports.

487
00:28:20,320 --> 00:28:25,000
Speaker 1: The Number of the Week. And here's how it works.

488
00:28:25,520 --> 00:28:28,800
Speaker 1: There's a number that I'm thinking that I have researched.

489
00:28:29,119 --> 00:28:31,879
Speaker 1: Damien knows this because he had to suffer through this

490
00:28:31,960 --> 00:28:38,760
Speaker 1: the week before. And whichever two comes closer to the number,

491
00:28:39,280 --> 00:28:43,760
Speaker 1: you win, my admiration. There's nothing more I could ask.

492
00:28:45,520 --> 00:28:49,080
Speaker 1: Here we go. Of course, as we've mentioned this Sunday,

493
00:28:49,120 --> 00:28:53,160
Speaker 1: the Indie five hundred matt uh that you know, and

494
00:28:53,160 --> 00:28:56,240
Speaker 1: and Damien, you know that Scott Dixon is on the

495
00:28:56,280 --> 00:29:01,200
Speaker 1: pole uh at two hundred thirty four miles per hour.

496
00:29:01,600 --> 00:29:05,560
Speaker 1: What I want to know is the first Indianapolis five

497
00:29:05,800 --> 00:29:10,280
Speaker 1: d ray Hoo Bruin was the winner in nineteen eleven,

498
00:29:11,240 --> 00:29:14,600
Speaker 1: what was to win? On to win? What was the

499
00:29:14,720 --> 00:29:19,280
Speaker 1: average speed that he won the race? Who goes first?

500
00:29:19,360 --> 00:29:22,160
Speaker 1: I mean you guess first? Oh my god, I mean

501
00:29:22,200 --> 00:29:26,760
Speaker 1: I couldn't even imagine. Um, Jesus um, I don't know.

502
00:29:26,880 --> 00:29:31,480
Speaker 1: Nineteen eleven. You're saying, yeah, I think that's what you

503
00:29:31,560 --> 00:29:35,080
Speaker 1: gotta narrow it down now, alright, alright, seventy I think

504
00:29:35,120 --> 00:29:36,840
Speaker 1: that that sounds pretty close. I know they were pushing

505
00:29:36,880 --> 00:29:39,720
Speaker 1: the ton back then, but not hitting it. And of

506
00:29:39,760 --> 00:29:43,480
Speaker 1: course an average UM isn't going to be nearly as

507
00:29:43,560 --> 00:29:46,480
Speaker 1: much as the top speed. I'm gonna say seventy four

508
00:29:46,480 --> 00:29:50,720
Speaker 1: miles an hour, price is right. Wow, now this is close.

509
00:29:50,840 --> 00:29:53,440
Speaker 1: This is the closest we've ever had on this show.

510
00:29:53,760 --> 00:30:00,240
Speaker 1: The average speed is seventy four point six miles all

511
00:30:00,360 --> 00:30:05,000
Speaker 1: around on which means, if you round it up, Damian,

512
00:30:05,120 --> 00:30:07,880
Speaker 1: one isn't what Damien said, prices right rules, I thought,

513
00:30:08,000 --> 00:30:12,040
Speaker 1: so closest without going over right, Well, technically yeah it

514
00:30:12,120 --> 00:30:16,280
Speaker 1: went over. Cher Dawson would agree with me one tenth,

515
00:30:16,560 --> 00:30:20,320
Speaker 1: which really talking one tenth. That's how close this was,

516
00:30:20,440 --> 00:30:23,840
Speaker 1: because if seventy four and seventy it was seventy four

517
00:30:23,880 --> 00:30:26,400
Speaker 1: point five, I'd have to give you both of it.

518
00:30:26,600 --> 00:30:30,920
Speaker 1: But wow, that's that's the closest. Congratulation, Damian. You get

519
00:30:30,960 --> 00:30:34,000
Speaker 1: Michael Bars admiration this week. Congratulations to you. You have, Yes,

520
00:30:34,160 --> 00:30:37,360
Speaker 1: we both have Michael's admiration. That's the most important thing. People.

521
00:30:37,920 --> 00:30:40,640
Speaker 1: That wraps up this edition of The Bloomberg Business of

522
00:30:40,720 --> 00:30:44,200
Speaker 1: Sports Our thanks to our special guest host this week,

523
00:30:44,520 --> 00:30:47,640
Speaker 1: Damien Sassaur and Matt Miller. Tune in again next week

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00:30:47,680 --> 00:30:50,160
Speaker 1: for the latest on the stories moving big money in

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00:30:50,200 --> 00:30:52,680
Speaker 1: the world of sports. You're listening to Bloomberg Business of

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00:30:52,720 --> 00:30:55,560
Speaker 1: Sports Bird Radio around the world