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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 incentivized

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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 nb A lit bolls

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Speaker 1: are licensing arm think for fifty. All of those things

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Speaker 1: will make up what that looks like money in sports.

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Speaker 1: It's one of the reasons why I enjoy doing on

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Speaker 1: Money Night Countdown and talk about some of the more

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Speaker 1: interesting aspects of business of sports. When you're talking sports,

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Speaker 1: discipline is the bridge from being good to ultimately being

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Speaker 1: great at whatever it is that you're trying to be

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Speaker 1: your accomplished as your professional Bloomberg Business of Sports from

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Speaker 1: Bloomberg Radio. Welcome to the Bloomberg Business of Sports podcast,

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Speaker 1: where we explore the big old money issues in the

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Speaker 1: world of sports. Michael Barn, I'm Scarlett Foo and I'm

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Speaker 1: Damien Sassour, And of course we have issues to talk about.

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Speaker 1: So let's start right now with the n b A Finals.

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Speaker 1: Oh my goodness, gracious now. Game one Boston had the

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Speaker 1: I'm back of comebacks game too, Not so much. The

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Speaker 1: fourth quarter of Game one was pretty incredible when Boston

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Speaker 1: went on that seventeen nothing streak. Um, it just looked

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Speaker 1: like everything they threw up there was going in. Yeah,

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Speaker 1: they just can't score on the third quarter. That's the

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Speaker 1: problem with the bust and something they just get Yeah exactly,

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Speaker 1: but I mean look, and even Al Harford after the

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Speaker 1: game said we have to fix that. I mean, yeah, exactly.

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Speaker 1: But I think you know what's interesting is that Boston

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Speaker 1: came out so relaxed in common Game two. I mean,

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Speaker 1: they looked very much in control. And then my goodness,

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Speaker 1: Steph Curry, Jordan Poole, I mean Draymond Green, I mean

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Speaker 1: Jaymond Green almost got thrown out of the game with

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Speaker 1: those two technical one and a half technicals. Yeah, but

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Speaker 1: he but the key was he brought the two adjustment

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Speaker 1: to the team. And that's why on defense that the

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Speaker 1: Warriors look great. In fact, the Celtics only they shot

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Speaker 1: less than thirty eight percent from the floor. That's how

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Speaker 1: that's how bad it was for the Celtics. Yeah, Draymond

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Speaker 1: Green got him one for shure on defense, and that's

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Speaker 1: what he's that's where he gets paid the big bucks

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Speaker 1: he's there for. So now we're all tied up one

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Speaker 1: one and it'll I mean who are we thinking it's

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Speaker 1: going to come out ahead. Well, now see it goes

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Speaker 1: back now the TD Garden when you start team or

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Speaker 1: the fit from the last couple of years. I see.

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Speaker 1: Now I'm like, you know, at first, the way the

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Speaker 1: Celtics just bully the Warriors, I'm thinking, oh, the Warriors

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Speaker 1: better get it together real fast. And then Game two,

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Speaker 1: yeah they did. So now I don't know. Now you're

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Speaker 1: down to the best of five, and I think what

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Speaker 1: impresses me about this series, and it's something you said

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Speaker 1: off Mike before we went on, is that even the casual,

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Speaker 1: casual of basketball fans is watching this. I mean, I'm amazed.

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Speaker 1: It's like, you know, this is this is something which

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Speaker 1: is good for basketball. Uh, you know you need that.

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Speaker 1: I've always said basketball is the best out of the

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Speaker 1: four of the food groups because it takes two and

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Speaker 1: a half hours, the action is going and everybody can

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Speaker 1: get into it. Yeah. Well, I think, look, you know,

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Speaker 1: defense wins championships. It's and for me, I would have

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Speaker 1: told you the Boston Celtics are the better defensive team,

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Speaker 1: and certainly on paper they looked that way. But the

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Speaker 1: way that Golden State played defense on Boston in the

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Speaker 1: game two. You know, now it's kind of the verdict

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Speaker 1: is out, but I think you still got to think

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Speaker 1: that Golden State. I mean, they've got the experience, you know,

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Speaker 1: and Clay Thompson looks awesome. It's gonna be very hard

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Speaker 1: to bet against them, even though they did split in

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Speaker 1: at home in UH. In San Francisco Game three Wednesday,

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Speaker 1: tune in. Let's see that Golden State was not going

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Speaker 1: to go down without like a huge fight. It's it's

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Speaker 1: kind of like the Tampa Bay Lightning and the Rangers. Yes,

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Speaker 1: I brought them back into this conversation, but um, the

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Speaker 1: Rangers were heading into Game three with a two oh lead,

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Speaker 1: and you knew that Tampa Bay was not going to

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Speaker 1: just like let them get rolled over in the last seconds.

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Speaker 1: I mean, come on, the last minute painful. See. I

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Speaker 1: wasn't gonna bring it up. But now that brought it up,

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Speaker 1: you know, I mean, okay, for the score was three

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Speaker 1: to uh. The Lightning score the first goal uh first period,

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Speaker 1: and then the Rangers in the second period they put

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Speaker 1: two together. I'm thinking, oh, this is good, and then

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Speaker 1: all of a sudden, I'm seeing the Lightning and then

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Speaker 1: they score and here we come tick tick tick tick tick,

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Speaker 1: and then he took too many dumb penalties and this

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Speaker 1: was a game that was all pivoting on power place

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Speaker 1: on the man advantage. Yeah, no, I mean Trup's there.

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Speaker 1: I mean, look, you know what's interesting is just look,

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Speaker 1: I mean, you know, things are setting up really nicely

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Speaker 1: for the Rangers. Like the Avalanche just lost their star player, right,

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Speaker 1: so even if they do advance to the finals, you know,

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Speaker 1: things are just setting up beautifully for them to make

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Speaker 1: this run. And they're peaking at the right time. They

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Speaker 1: got four real lines, and they're young enough to believe that,

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Speaker 1: not eve enough to believe that they can do it.

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Speaker 1: That's what keep seeing on Twitter. Everyone who's out there

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Speaker 1: on Twitter is like, these guys are just young enough

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Speaker 1: and not eve enough to think that could be us.

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Speaker 1: Sometimes if you if you're just so naive, you don't

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Speaker 1: know anything that works in your favor. So Q Kurt

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Speaker 1: Wressell and the Miracle uh Phil Knight and the Trailblazers.

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Speaker 1: Now he says, you know, look, I'm not saying anything,

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Speaker 1: but you know the Trailblazers, you know they're not for sale.

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Speaker 1: But I'm just saying there, I'm gonna put this out there.

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Speaker 1: So now, let's the bottom line is are they for

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Speaker 1: sale or aren't they? I know we're getting the line

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Speaker 1: from Portland's No, the team's not for sale, and actually

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Speaker 1: Adam Silver, the NBA Commissioner, also said that the team

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Speaker 1: is not for sale the moment, but he did make

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Speaker 1: a point that Paul Allen, the late Paul Allen, who

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Speaker 1: co founded Microsoft, his family owns the team through a

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Speaker 1: trust and that Paul Allen's sister is a trustee of

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Speaker 1: the estate. And then Adam Silver said at some point

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Speaker 1: the team will be up for sale. So I'm not

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Speaker 1: sure where that leaves us. But for Phil Knight, it's

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Speaker 1: kind of like I'm just gonna put it out there

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Speaker 1: that I'm willing to pay more than two billion dollars

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Speaker 1: for this team that was worth two seven million and

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Speaker 1: two thousand one from It's unbelievable. I mean, look, Steve

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Speaker 1: Bomber paid, you know, two billion dollars for the Clippers

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Speaker 1: only everything right, I mean unbelievable. But before you know that,

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Speaker 1: the Trailblazers fall for the Oki dok uh. The two

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Speaker 1: billion is not as much as some other valuations for

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Speaker 1: other NBA teams. This is not a big market team

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Speaker 1: in the same way that of a Boston Celtics. Yeah,

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Speaker 1: but it's still it's still a team, and it's you're

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Speaker 1: out there and Nick Steve Bomber looked like you got

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Speaker 1: away with a deal. Well. The other good thing I

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Speaker 1: suppose about Phil Knight is that if he ever does

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Speaker 1: buy the team, he would likely keep the team in Portland.

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Speaker 1: So there's that. Uh talking about the French Open, I

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Speaker 1: want to talk about the women's title. Uhca Swing Tech.

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Speaker 1: She won the Women's French Open. She beat Cocoa Golf

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Speaker 1: So three six one. But then after in the post

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Speaker 1: match press conference and as a reporter, somebody embarrassed the

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Speaker 1: hell out of me when they asked this question. First

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Speaker 1: they talked about, okay, your best shot, that's legitimate, that legitimate,

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Speaker 1: we get it. And then the second part, if she

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Speaker 1: used makeup when attending parties, can someone explain to me

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Speaker 1: what in the hell does that have to do with

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Speaker 1: the French Open? Not even that, that's just part one

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Speaker 1: of the question. It was do you like to go

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Speaker 1: elegant and smart and so on? Because many players we

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Speaker 1: have seen in the past they were staying hours in

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Speaker 1: front of the mirror before going on court and using

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Speaker 1: the makeup, and you seem very natural like this, so

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Speaker 1: it was an extended question about your makeup habits on

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Speaker 1: the court does have to do with anything. I'm thinking

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Speaker 1: Ron Perelman planted a seed there for Revlin. I mean,

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Speaker 1: I can't imagine any other reason. Why can't I even

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Speaker 1: ask that unless there was some other agenda. But it's

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Speaker 1: because she's a woman. And this is this is why

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Speaker 1: Naomi Osaka didn't want to do press conferences. I get it.

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Speaker 1: That's okay um um and I is popping out of

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Speaker 1: my head. I do you know, It's like my father

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Speaker 1: would always say, don't embarrass me, boy, And what kind

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Speaker 1: of question was that? Is? Like? Anyway, as I continue on,

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Speaker 1: you know, I'm all riled up. I would do want

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Speaker 1: to give a nod to Raphael Nadal because he won

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Speaker 1: his fourteenth French Open, and that's lordy, that is going

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Speaker 1: to happen anyway after he beats Jocovic. Yeah, Like, I

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Speaker 1: mean that was the big one and after that, what

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Speaker 1: four hours twelve minutes? I mean, and and a thousand

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Speaker 1: winds between Federer, Rafa and uh and Djokovic, a thousand

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Speaker 1: major wins, a thousand. I mean that's just craziness. I

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Speaker 1: think Rafa has three seven of himself. I mean, do

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Speaker 1: you think raffles make up? I think that should be

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Speaker 1: a second question. There should be two questions, one technical,

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Speaker 1: one not so technical. Will see what happens when they

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Speaker 1: asked that question. No reporter would ask that to him? Right?

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Speaker 1: I am still pretty tan guy. Maybe spray today, yes

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Speaker 1: that you could adjust the question to not address makeup,

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Speaker 1: but talk about the tan I got wrong. Proman to

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Speaker 1: ask that question or plant the reporter for that one.

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Speaker 1: I still cannot fathom that question. I'm trying. I try

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Speaker 1: to give all reporters a break, you know, because sometimes

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Speaker 1: you know something you go was wrong. Maybe you shouldn't

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Speaker 1: whatever asked that? Come on, now, what what that is?

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Speaker 1: The question? They asked the winner of the French Open

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Speaker 1: on a thirty five match winning streak. Yes, yes, yes,

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Speaker 1: do we know? Do we even want to say what

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Speaker 1: news agency or where the reporter came from? I don't

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Speaker 1: even know. I'll be cool. I won't do it. I'll

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Speaker 1: just say that it wasn't Bloomberg. Yeah, I will free

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Speaker 1: that it wasn't us so oh man, hey onto other stories.

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Speaker 1: Religion of sports. And now yes, we need to explain this. Uh.

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Speaker 1: It's a production company founded by NFL stars Tom Brady

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Speaker 1: and Michael Strahan. Uh. And they have raised fifty million

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Speaker 1: dollars to finance more of its documentaries and expand further

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Speaker 1: into podcasts and scripted programming. I thought this was really

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Speaker 1: interested because clearly they've got funding from venture capital at

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Speaker 1: a time when vcs are pulling back funding because of

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Speaker 1: rising bar and costs and also the possibility of recession

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Speaker 1: or at least a slowdown coming around. So the environment

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Speaker 1: for funding went from frothy to cautious. Yet they're throwing

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Speaker 1: money at this company in large part because of star

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Speaker 1: marquee players uh founders in this case Tom Brady, Michael

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Speaker 1: Strahand and also the other co founder who's not in

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Speaker 1: professional sports is also celebrity because he's the son of

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Speaker 1: Deepak Chopra. Yeah. Now, I mean, look, it's this is

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Speaker 1: the Netflix model. This is the Last Day ends, this

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Speaker 1: is drive to survive, This is the rise of the

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Speaker 1: Lakers dynasty. I mean, this is this is where we are.

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Speaker 1: And look, I mean content is king in this market,

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Speaker 1: and so kudos to them for being able to raise

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Speaker 1: money in a very tight market to to to provide

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Speaker 1: new content, and there's and there's plenty of demand for it.

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Speaker 1: They have a pretty good formula. They focus on unscripted

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Speaker 1: sports programming, like you said, last Dance, UM untold stories

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Speaker 1: of professional athletes. It's almost like existing i P. You know,

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Speaker 1: like when UM movie studios go and try to make

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Speaker 1: the spinoff story for some superhero. You know, you can

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Speaker 1: always come up with different storylines for franchise players, and

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Speaker 1: that's exactly what they're going for. What also struck me

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Speaker 1: in this story that Bloomberg News wrote was that the

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Speaker 1: company's annual revenues well into the eight figures and expected

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Speaker 1: to grow by fifty percent this year and next. But

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Speaker 1: it's not currently profitable. At some point, Damian, you know,

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Speaker 1: they're going to have to show an r o I

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Speaker 1: at some point, but they're private companies and maybe not,

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Speaker 1: you know. I mean, look, I I agree with you though,

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Speaker 1: I think it's just unbelievable. You know, the demand for it.

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Speaker 1: It's kind of like the thirty and thirty. I mean

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Speaker 1: that was the start of it with ESPN, and it's

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Speaker 1: just it's just taken off and so you know, in

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Speaker 1: today's day and age, in the digital world where people

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Speaker 1: are still sitting at home looking for content. Um, you know,

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Speaker 1: they think they have a secret sauce here, and I

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Speaker 1: believe them. You know. First of all, I'm stealing the

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Speaker 1: word frothy. I like that, you know, that's a good one.

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Speaker 1: That's like if you're playing trivia oversuit and you've got

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Speaker 1: three or four wedges and it's like it's frothy, and

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Speaker 1: then someone comes from behind now has five. Now it's

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Speaker 1: all tens, all of a sudden. Hey, this is the

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Speaker 1: way my mind works. I can't help it. This has

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Speaker 1: been the Bloomberg Business of Sports podcast. We explore some

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

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Speaker 1: and you can catch our podcast Monday's, Wednesdays and Thursdays.

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Speaker 1: I'm Michael Barr on Twitter at Big Bar Sports. I'm

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Speaker 1: Scarlet Food. You can find me on Twitter at Scarlet

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Speaker 1: Food and don Damion Sass So you can find me

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Speaker 1: on Twitter at the Hey, don't forget. By the way,

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Speaker 1: you can catch our podcast wherever you download this baby.

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Speaker 1: That's the way we wrote