1 00:00:02,440 --> 00:00:06,800 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:07,680 --> 00:00:11,560 Speaker 2: This is Bloomberg Business of Sports. Business of Sports can 3 00:00:11,600 --> 00:00:14,200 Speaker 2: be intimidating for hard for a start to break into. 4 00:00:14,280 --> 00:00:17,279 Speaker 3: We really appreciate when our owners are actually there, you know, 5 00:00:17,360 --> 00:00:18,400 Speaker 3: with us through the journey. 6 00:00:18,480 --> 00:00:22,160 Speaker 1: Teams ours especially been very intentional to diversify at all 7 00:00:22,239 --> 00:00:23,000 Speaker 1: levels of the company. 8 00:00:23,120 --> 00:00:25,520 Speaker 4: Maybe we're in the golden years for the NFL and 9 00:00:25,640 --> 00:00:26,320 Speaker 4: college football. 10 00:00:26,400 --> 00:00:29,480 Speaker 5: Our demographic reach has continued to expande. 11 00:00:29,520 --> 00:00:33,160 Speaker 6: This is going to be really unlocking the streaming platform 12 00:00:33,240 --> 00:00:34,200 Speaker 6: for sports fans. 13 00:00:34,280 --> 00:00:36,720 Speaker 2: Sports evaluations are rising. We'll see when they peak. 14 00:00:36,800 --> 00:00:39,440 Speaker 3: You don't have to be the best in your sports 15 00:00:39,440 --> 00:00:42,320 Speaker 3: to make a whole ton of money. 16 00:00:42,360 --> 00:00:45,280 Speaker 7: Bloomberg Business of Sports from Bloomberg Radio. 17 00:00:46,840 --> 00:00:49,519 Speaker 2: This is the Bloomberg Business of Sports show, where we 18 00:00:49,600 --> 00:00:51,920 Speaker 2: explore the big money issues in the world of sports. 19 00:00:52,000 --> 00:00:55,080 Speaker 4: I'm Michael Barr, I'm Scarlett Food, and I'm Demian Sas hour, 20 00:00:55,560 --> 00:00:57,880 Speaker 4: We've got a Hall of Famer on the show. 21 00:00:57,920 --> 00:01:01,160 Speaker 2: Today, we'll be speaking with MLB all time great Tom 22 00:01:01,240 --> 00:01:05,119 Speaker 2: Glavin as we make our way through baseball's first month 23 00:01:05,240 --> 00:01:05,640 Speaker 2: for the boat. 24 00:01:05,680 --> 00:01:07,440 Speaker 8: Start thinks, the saint that we thought were going to 25 00:01:07,480 --> 00:01:10,120 Speaker 8: be good and enough Good Start, I guess it's a 26 00:01:10,120 --> 00:01:13,399 Speaker 8: little bit concerning that. We've had a number of really 27 00:01:13,440 --> 00:01:16,399 Speaker 8: good situers get hurt already, so that's always a good start. 28 00:01:16,600 --> 00:01:20,119 Speaker 2: Glavin is also participating in the Invited Celebrity Classic Golf 29 00:01:20,160 --> 00:01:23,119 Speaker 2: tournament after the Masters. We'll talk a little with him 30 00:01:23,120 --> 00:01:26,280 Speaker 2: about that. Plus speaking of golf, we'll check in on 31 00:01:26,360 --> 00:01:29,160 Speaker 2: the Masters and on the PGA Tour and Live Golf. 32 00:01:29,440 --> 00:01:32,280 Speaker 2: Are they getting along? All that is straight ahead on 33 00:01:32,280 --> 00:01:34,880 Speaker 2: the Bloomberg Business of Sports, But first we turn to 34 00:01:35,000 --> 00:01:38,199 Speaker 2: a big story over the last few weeks in Kansas City. 35 00:01:38,480 --> 00:01:41,399 Speaker 2: Voters in the area rejected a bid to fund a 36 00:01:41,520 --> 00:01:45,039 Speaker 2: two billion dollars stadium revent and with us to talk 37 00:01:45,080 --> 00:01:50,080 Speaker 2: about that, Bloomberg News municipal finance reporter Amanda Albright, Thank 38 00:01:50,120 --> 00:01:51,800 Speaker 2: you so much, Amanda for talking with us on the 39 00:01:51,800 --> 00:01:53,280 Speaker 2: Bloomberg Business of Sports. 40 00:01:53,480 --> 00:01:55,480 Speaker 6: Thanks for having me. I'm really excited to talk about this. 41 00:01:55,960 --> 00:01:58,880 Speaker 2: Well, just the bottom line, why do you think that 42 00:01:59,320 --> 00:02:04,080 Speaker 2: the vote failed among the people in Kansas City. 43 00:02:04,760 --> 00:02:07,880 Speaker 6: I think there's a lot of reasons, but mostly I 44 00:02:07,920 --> 00:02:12,200 Speaker 6: think people didn't have a great understanding of what what 45 00:02:12,240 --> 00:02:14,520 Speaker 6: they were voting for. A lot of the people I 46 00:02:14,600 --> 00:02:17,840 Speaker 6: talked to said the process feeled very felt very rushed, 47 00:02:18,919 --> 00:02:24,360 Speaker 6: and they were worried about local impact to an area 48 00:02:24,480 --> 00:02:27,560 Speaker 6: of town where the Royals wanted to move to. That 49 00:02:27,680 --> 00:02:31,200 Speaker 6: is a very beloved area, you know, bustling with coffee 50 00:02:31,200 --> 00:02:34,240 Speaker 6: shops and restaurants, and there was a lot of concern 51 00:02:34,360 --> 00:02:38,400 Speaker 6: about what that would do to local businesses there, if 52 00:02:38,400 --> 00:02:40,400 Speaker 6: I had to summarize, but I think there's a lot 53 00:02:40,480 --> 00:02:44,000 Speaker 6: of different factors that probably drove people to vote in 54 00:02:44,040 --> 00:02:45,960 Speaker 6: different ways for different reasons. 55 00:02:46,639 --> 00:02:49,200 Speaker 1: What does to say about or and maybe perhaps we're 56 00:02:49,200 --> 00:02:51,200 Speaker 1: reading too much into this and so this question is loaded, 57 00:02:51,200 --> 00:02:55,320 Speaker 1: But what does this say about taxpayer's willingness to subsidize 58 00:02:55,639 --> 00:03:00,400 Speaker 1: professional sports teams's new homes? Because for so many years 59 00:03:00,400 --> 00:03:04,680 Speaker 1: we've heard, you know, team owners trot out academic studies 60 00:03:04,680 --> 00:03:06,560 Speaker 1: that showed if we build this new stadium, this is 61 00:03:06,600 --> 00:03:09,160 Speaker 1: going to be give the local economy a jump start. 62 00:03:09,200 --> 00:03:10,760 Speaker 1: It's going to create jobs, it's going to bring more 63 00:03:10,760 --> 00:03:13,680 Speaker 1: people downtown. This is all good for everyone. Just you know, 64 00:03:13,760 --> 00:03:16,040 Speaker 1: pass this bill so that we can get some subsidies 65 00:03:16,080 --> 00:03:20,280 Speaker 1: and we can get this economic Joel started, what does 66 00:03:20,280 --> 00:03:21,080 Speaker 1: this tell us. 67 00:03:21,120 --> 00:03:23,440 Speaker 6: I think we're in the an excuse the pun, we're 68 00:03:23,480 --> 00:03:27,399 Speaker 6: in the early innings of growing pushback to these proposals 69 00:03:27,440 --> 00:03:33,000 Speaker 6: because there is growing understanding among the public that essentially 70 00:03:33,040 --> 00:03:36,920 Speaker 6: these deals are don't always deliver on the economic benefits promised. 71 00:03:37,520 --> 00:03:41,920 Speaker 6: There's a ton of academic research about the economic benefits 72 00:03:41,920 --> 00:03:44,320 Speaker 6: of stadiums, and just essentially, I mean, some of the 73 00:03:44,320 --> 00:03:47,600 Speaker 6: economists I talked to said that it's basically a university 74 00:03:47,760 --> 00:03:52,560 Speaker 6: agreed upon fact among sports economists that stadiums aren't necessarily 75 00:03:52,600 --> 00:03:55,840 Speaker 6: worth the public investment. So I think there's growing public 76 00:03:55,920 --> 00:03:58,360 Speaker 6: awareness of that, and so we will likely see more 77 00:03:58,400 --> 00:04:02,120 Speaker 6: cases like Kansas City where voters will push back on 78 00:04:02,160 --> 00:04:05,400 Speaker 6: these deals. I mean, there are cases of voters being 79 00:04:05,440 --> 00:04:07,680 Speaker 6: in favor of such proposals. Of course, some of them 80 00:04:07,720 --> 00:04:10,840 Speaker 6: do pass. But I think the important thing to note 81 00:04:10,960 --> 00:04:13,840 Speaker 6: is that even if the public doesn't necessarily want their 82 00:04:13,880 --> 00:04:18,320 Speaker 6: tax dollars going to really wealthy team owners, it's not 83 00:04:18,400 --> 00:04:21,359 Speaker 6: always up to the voters. Usually teams will go to 84 00:04:21,520 --> 00:04:25,320 Speaker 6: city councils, you know, county commissions, state legislators. They have 85 00:04:25,480 --> 00:04:29,440 Speaker 6: other ways of securing these subsidies that don't always involve 86 00:04:30,080 --> 00:04:33,200 Speaker 6: going to the voters. And in terms of the chiefs 87 00:04:33,240 --> 00:04:37,200 Speaker 6: and the royals, you know, My expectation is just kind 88 00:04:37,200 --> 00:04:39,280 Speaker 6: of reading the tea leaves on what's been said publicly. 89 00:04:40,080 --> 00:04:43,120 Speaker 6: My expectation is that they will probably pursue some sort 90 00:04:43,160 --> 00:04:46,400 Speaker 6: of deal where maybe they don't have to go back 91 00:04:46,400 --> 00:04:47,920 Speaker 6: to the voters. I don't know that for sure, but 92 00:04:47,960 --> 00:04:50,360 Speaker 6: I think that's kind of the playbook that we've seen 93 00:04:50,440 --> 00:04:53,280 Speaker 6: other teams use in the past, is that say, they 94 00:04:53,279 --> 00:04:55,560 Speaker 6: have kind of a defeat at the ballot box, but 95 00:04:55,600 --> 00:04:58,479 Speaker 6: then they're able to find other ways to get some 96 00:04:58,560 --> 00:05:00,719 Speaker 6: of the money that they're looking for. It's, you know, 97 00:05:00,760 --> 00:05:04,600 Speaker 6: they haven't said this publicly, but just it seems like officials, 98 00:05:04,680 --> 00:05:08,600 Speaker 6: local officials here seem very committed to keeping both teams 99 00:05:09,440 --> 00:05:12,839 Speaker 6: in the city. So I think that's kind of the expectation. 100 00:05:13,080 --> 00:05:14,960 Speaker 6: But there's a lot that we don't know. 101 00:05:15,360 --> 00:05:19,360 Speaker 4: Yet, not just any local official. Amanda five times All Star, 102 00:05:19,480 --> 00:05:23,240 Speaker 4: eight time Golden Glove winner Frank White of Jackson County, Missouri. 103 00:05:23,320 --> 00:05:25,159 Speaker 4: I mean, he was one of the guys leading the 104 00:05:25,279 --> 00:05:28,920 Speaker 4: charge against these quote unquote billionaire bullies, the beat the 105 00:05:28,960 --> 00:05:31,840 Speaker 4: Billionaires campaign. I mean, talk to me about you know, 106 00:05:32,000 --> 00:05:35,480 Speaker 4: what is the sentiment locally to people like Clark Hunt, 107 00:05:35,480 --> 00:05:37,719 Speaker 4: the chief CEO, or John Sherman who owns the Royals. 108 00:05:37,760 --> 00:05:42,080 Speaker 4: I mean, are they not well liked locally in Kansas City. 109 00:05:42,240 --> 00:05:44,600 Speaker 6: Yeah, that's a great question. I think that it's not 110 00:05:44,640 --> 00:05:46,800 Speaker 6: necessarily that they're not well liked. I think a lot 111 00:05:46,839 --> 00:05:49,839 Speaker 6: of the rhetoric on the side of the election that 112 00:05:49,960 --> 00:05:52,760 Speaker 6: was against voting yes for this tax, I think basically 113 00:05:53,640 --> 00:05:56,400 Speaker 6: it wasn't necessarily that people didn't like them. It was 114 00:05:56,480 --> 00:05:59,920 Speaker 6: more just that they didn't understand why a sales TANP 115 00:06:00,279 --> 00:06:04,000 Speaker 6: it's worth two billion dollars over forty years, so a 116 00:06:04,080 --> 00:06:06,600 Speaker 6: huge amount of money. They didn't understand why those teams 117 00:06:07,000 --> 00:06:10,799 Speaker 6: needed that size of a subsidy when they could probably 118 00:06:11,279 --> 00:06:14,880 Speaker 6: finance their renovations themselves. I'm not sure about the Royals owner, 119 00:06:14,920 --> 00:06:18,080 Speaker 6: but at least with the Hunt family, they're they're very wealthy, 120 00:06:18,120 --> 00:06:21,640 Speaker 6: and so I think that's kind of this growing public 121 00:06:21,800 --> 00:06:25,440 Speaker 6: pushback to public subsidies for stadiums. I think a huge 122 00:06:25,480 --> 00:06:28,240 Speaker 6: part of it is even though someone may love the 123 00:06:28,320 --> 00:06:32,120 Speaker 6: team and be a huge supporter, they are starting to question, 124 00:06:32,839 --> 00:06:36,320 Speaker 6: you know, why their tax dollars should go to help 125 00:06:36,440 --> 00:06:40,200 Speaker 6: those teams finance major, major assets, which are there obviously 126 00:06:40,200 --> 00:06:43,440 Speaker 6: their physical stadiums. It's kind of like The way I've 127 00:06:43,440 --> 00:06:45,920 Speaker 6: been thinking about it is, you know, if you, as 128 00:06:45,920 --> 00:06:47,880 Speaker 6: a homeowner, have a chance to boost the value of 129 00:06:47,880 --> 00:06:50,640 Speaker 6: your home by fifty percent based off of subsidy from 130 00:06:50,640 --> 00:06:53,600 Speaker 6: the federal government, why wouldn't you do that? But it's 131 00:06:53,680 --> 00:06:54,960 Speaker 6: kind of one way to think about it. You know, 132 00:06:54,960 --> 00:06:58,080 Speaker 6: it's just a it's it makes them wealthier, and a 133 00:06:58,120 --> 00:07:00,360 Speaker 6: lot of people are questioning why we would do well. 134 00:07:00,360 --> 00:07:02,279 Speaker 4: Aman, I just want to you know, mention here. I 135 00:07:02,279 --> 00:07:05,039 Speaker 4: mean John Sherman's wife, you know, said, you know, I 136 00:07:05,080 --> 00:07:06,839 Speaker 4: think she posted on the internet, you know, that the 137 00:07:06,920 --> 00:07:08,520 Speaker 4: Royals and Chiefs should get out of here. I even 138 00:07:08,560 --> 00:07:11,760 Speaker 4: think that Dallas mayor of Dallas was even suggesting that 139 00:07:11,800 --> 00:07:13,920 Speaker 4: the Kansas City Chiefs that they can handle two football 140 00:07:13,920 --> 00:07:15,679 Speaker 4: teams in Dallas. You know, can you imagine the Cowboys 141 00:07:15,680 --> 00:07:17,720 Speaker 4: and the Chiefs both. I mean, talk to us about, 142 00:07:17,920 --> 00:07:20,240 Speaker 4: you know, some of that rhetoric that's coming out off 143 00:07:20,240 --> 00:07:22,120 Speaker 4: the back of this vote. I mean, is there any 144 00:07:22,600 --> 00:07:26,000 Speaker 4: possibility that the Chiefs or the Royals could leave Kansas City? 145 00:07:26,200 --> 00:07:29,440 Speaker 6: I think that it's definitely possible. But a lot of 146 00:07:29,480 --> 00:07:33,360 Speaker 6: people have cautioned me on this narrative because a lot 147 00:07:33,360 --> 00:07:36,240 Speaker 6: of teams will say that they're leaving, you need to 148 00:07:36,360 --> 00:07:38,520 Speaker 6: vote for this subsidy, and then they don't actually leave, 149 00:07:38,560 --> 00:07:42,880 Speaker 6: because you know where could they go. And I think 150 00:07:43,720 --> 00:07:47,200 Speaker 6: a lot of sports economists have cautioned and said and 151 00:07:47,240 --> 00:07:49,720 Speaker 6: basically said that this is like a negotiation tactic for 152 00:07:49,760 --> 00:07:52,360 Speaker 6: a team to say that if you don't support this 153 00:07:52,400 --> 00:07:54,600 Speaker 6: tax increase, you know we're going to up and leave. 154 00:07:55,040 --> 00:07:58,080 Speaker 6: One of the most notable examples is the Saint Louis Rams, 155 00:07:58,560 --> 00:08:02,480 Speaker 6: which had pursued a subsidy for a new stadium there, 156 00:08:03,120 --> 00:08:05,640 Speaker 6: but they were actually rejected, and so the team actually 157 00:08:05,680 --> 00:08:10,040 Speaker 6: moved to Los Angeles, but that stadium had to be 158 00:08:10,240 --> 00:08:13,120 Speaker 6: privately financed. Actually they weren't. I don't know if they 159 00:08:13,120 --> 00:08:16,440 Speaker 6: ever pursued public financing or what those kind of conversations 160 00:08:16,480 --> 00:08:18,960 Speaker 6: looked like behind the scenes, but the owner ended up 161 00:08:19,240 --> 00:08:23,360 Speaker 6: privately financing the beautiful stadium that's now in that city. 162 00:08:23,640 --> 00:08:29,640 Speaker 2: How in the world it's one, I guess. The teams were, 163 00:08:29,760 --> 00:08:34,080 Speaker 2: especially the chiefs, were saying, Amanda, look, hey, we've given 164 00:08:34,120 --> 00:08:36,800 Speaker 2: you back to back Super Bowls. There's no end in 165 00:08:36,800 --> 00:08:40,640 Speaker 2: the world you can say no. Well, they were wrong, Amanda. 166 00:08:41,200 --> 00:08:44,800 Speaker 6: Yes. One of the interesting things about this vote is 167 00:08:44,840 --> 00:08:49,560 Speaker 6: that the Chiefs are so successful and then the Royals 168 00:08:49,600 --> 00:08:52,240 Speaker 6: have they've been struggling a little bit lately. So the 169 00:08:52,280 --> 00:08:56,040 Speaker 6: fact that the vote was tied together, you know, it 170 00:08:56,080 --> 00:08:59,280 Speaker 6: couldn't really be seen as like a vote on whether 171 00:08:59,360 --> 00:09:01,160 Speaker 6: or not the team's good enough to deserve the money, 172 00:09:01,160 --> 00:09:03,280 Speaker 6: because one was really good and one is not very good. 173 00:09:04,000 --> 00:09:05,960 Speaker 6: It sounds like they're having a better season this year. 174 00:09:06,280 --> 00:09:08,760 Speaker 6: But I also talked to a sports economist who said 175 00:09:08,760 --> 00:09:13,280 Speaker 6: that there's whether or not a team is good doesn't 176 00:09:13,320 --> 00:09:16,080 Speaker 6: usually have a direct impact on whether or not they're 177 00:09:16,120 --> 00:09:18,720 Speaker 6: able to get that public financing. Essentially. 178 00:09:18,800 --> 00:09:22,240 Speaker 1: Oh interesting, because would it have made a difference if 179 00:09:22,440 --> 00:09:25,480 Speaker 1: and I know that you know the stadiums are tied together, 180 00:09:26,880 --> 00:09:28,839 Speaker 1: But would it have made a difference if perhaps the 181 00:09:28,920 --> 00:09:32,680 Speaker 1: Chiefs just went off and proposed some kind of bill 182 00:09:32,840 --> 00:09:34,760 Speaker 1: to raise money for their stadium and kind of just 183 00:09:34,840 --> 00:09:37,120 Speaker 1: left the Royals out of it, because perhaps there there 184 00:09:37,160 --> 00:09:40,720 Speaker 1: is a little more goodwill with the citizens of Kansas 185 00:09:40,760 --> 00:09:41,560 Speaker 1: City for their team. 186 00:09:41,800 --> 00:09:44,520 Speaker 6: Yeah, I think that definitely could have made a difference. 187 00:09:44,559 --> 00:09:48,120 Speaker 6: I also think tying the two teams together in one 188 00:09:48,200 --> 00:09:51,079 Speaker 6: vote there was a lot of I think there was 189 00:09:51,120 --> 00:09:54,760 Speaker 6: a lot of confusion locally about what people were voting for, 190 00:09:54,840 --> 00:09:57,480 Speaker 6: because the Royals proposal was it would have been made 191 00:09:57,480 --> 00:09:59,360 Speaker 6: a huge impact. You know, they would have been moving 192 00:09:59,400 --> 00:10:01,600 Speaker 6: to a whole new part of town. People were worried 193 00:10:01,600 --> 00:10:05,520 Speaker 6: about businesses getting you know, moved out of their their 194 00:10:05,520 --> 00:10:08,160 Speaker 6: homes and rents increasing. Like, there was a lot of 195 00:10:09,200 --> 00:10:12,160 Speaker 6: confusion and concern around that proposal. So even for the Royals, 196 00:10:12,200 --> 00:10:15,520 Speaker 6: if they had more time to promote what their plan was, 197 00:10:15,880 --> 00:10:18,480 Speaker 6: what the impacts would be on their own, they might 198 00:10:18,480 --> 00:10:20,120 Speaker 6: have had more success. And I think they would have 199 00:10:20,440 --> 00:10:22,640 Speaker 6: maybe been able to communicate a little bit clear And 200 00:10:22,720 --> 00:10:26,000 Speaker 6: I definitely think for the Chiefs same thing. I think 201 00:10:26,000 --> 00:10:29,840 Speaker 6: they would have been able to both more clearly communicate 202 00:10:29,880 --> 00:10:35,120 Speaker 6: to the public what exactly they wanted. One really interesting 203 00:10:35,160 --> 00:10:37,280 Speaker 6: I had a fun interview with a local Chiefs fan 204 00:10:37,360 --> 00:10:40,000 Speaker 6: who told me, I think he had only missed two 205 00:10:40,120 --> 00:10:43,200 Speaker 6: or three games in like a decade or something crazy. 206 00:10:44,120 --> 00:10:46,720 Speaker 6: He told me he was in favor of the proposal, 207 00:10:47,240 --> 00:10:51,920 Speaker 6: but he was actually very underwhelmed by what the Chiefs 208 00:10:51,960 --> 00:10:56,360 Speaker 6: were proposing because a lot of their proposed renovations, you know, 209 00:10:56,400 --> 00:10:59,880 Speaker 6: it was things like making the VIP boxes a little 210 00:11:00,520 --> 00:11:04,040 Speaker 6: and like increasing the amount of parking, but I don't 211 00:11:04,080 --> 00:11:08,200 Speaker 6: necessarily think for fans it would have totally changed the 212 00:11:08,280 --> 00:11:11,360 Speaker 6: game day experience in a way that really would have 213 00:11:11,400 --> 00:11:16,600 Speaker 6: excited them. So it's really it's anyone's guess whether they 214 00:11:16,720 --> 00:11:19,120 Speaker 6: would have been successful if each of them have had 215 00:11:19,120 --> 00:11:21,200 Speaker 6: gone out on their own. But I do think with 216 00:11:21,320 --> 00:11:25,480 Speaker 6: both proposals it was very nuanced, and even with the Chiefs, 217 00:11:25,480 --> 00:11:29,280 Speaker 6: which are really popular, people were kind of scratching their 218 00:11:29,280 --> 00:11:32,080 Speaker 6: heads a little bit on their renovations as well. 219 00:11:32,400 --> 00:11:36,400 Speaker 2: Our thanks to Bloomberg News municipal finance reporter Amanda Alright 220 00:11:36,440 --> 00:11:40,120 Speaker 2: for joining us from Kansas City to Soccer. The latest 221 00:11:40,240 --> 00:11:43,920 Speaker 2: edition of The Deal with Alex Rodriguez and Jason Kelly 222 00:11:44,200 --> 00:11:48,840 Speaker 2: is out, featuring US soccer legend Brandy Chastain. They'll talk 223 00:11:48,880 --> 00:11:52,560 Speaker 2: about everything from private equity to the growing appeal of 224 00:11:52,600 --> 00:11:55,160 Speaker 2: women's sports. Let's take a listen to a portion of 225 00:11:55,160 --> 00:11:58,600 Speaker 2: that conversation about her journey as a woman in sports. 226 00:11:58,800 --> 00:12:02,520 Speaker 5: I honestly believe that part of the equation that wasn't 227 00:12:02,559 --> 00:12:07,080 Speaker 5: in our control was the mass general public and the 228 00:12:07,120 --> 00:12:11,120 Speaker 5: business sector not ready for women, not ready for powerful women, 229 00:12:11,200 --> 00:12:15,080 Speaker 5: not ready for women with big voices who have grand ideas. 230 00:12:15,400 --> 00:12:18,520 Speaker 5: We didn't have the deep pockets and before coming here today, 231 00:12:18,520 --> 00:12:21,079 Speaker 5: I think that's the one thing that kept coming into 232 00:12:21,160 --> 00:12:24,480 Speaker 5: my head was I had zero dollars that I could 233 00:12:24,559 --> 00:12:25,560 Speaker 5: be an owner with. 234 00:12:25,720 --> 00:12:29,480 Speaker 2: That's US soccer legend, Olympic gold medalists, World champion and 235 00:12:29,600 --> 00:12:33,600 Speaker 2: co owner of AFC Brandy Chastain on the latest edition 236 00:12:33,760 --> 00:12:37,600 Speaker 2: of The Deal with Alex Rodriguez and Jason Kelly. Catch 237 00:12:37,640 --> 00:12:41,040 Speaker 2: the show on Fridays at seven pm Eastern Time on 238 00:12:41,120 --> 00:12:45,520 Speaker 2: Bloomberg Television, Stream it on Thursdays at nine pm Eastern 239 00:12:45,800 --> 00:12:49,240 Speaker 2: and find it wherever you get your podcasts up. Next week, 240 00:12:49,320 --> 00:12:52,800 Speaker 2: turn to the Masters. You're listening to the Bloomberg Business 241 00:12:52,880 --> 00:12:56,120 Speaker 2: of Sports from Bloomberg Radio. Around the world. 242 00:13:00,320 --> 00:13:04,880 Speaker 7: You're listening to Bloomberg Business of Sports from Bloomberg Radio. 243 00:13:05,600 --> 00:13:07,960 Speaker 2: This is the Bloomberg Business of Sports show where we 244 00:13:08,000 --> 00:13:10,240 Speaker 2: explore the big money issues in the world of sports. 245 00:13:10,440 --> 00:13:14,040 Speaker 2: I'm Michael Barr, along with Scarlett Foo and Damian Sassour. 246 00:13:14,520 --> 00:13:19,480 Speaker 2: It's Master's Weekend and Bloomberg Business Week contributor and sports 247 00:13:19,480 --> 00:13:23,400 Speaker 2: writer Alan Schipnuk has a new piece on the state 248 00:13:23,480 --> 00:13:27,240 Speaker 2: of the sport and the rising tension between the PGA 249 00:13:27,400 --> 00:13:31,360 Speaker 2: Tour and Live Everyone is rich. No one is happy. 250 00:13:31,600 --> 00:13:36,160 Speaker 2: The pro golf drama is back. Yes it is. Alan. 251 00:13:36,240 --> 00:13:38,479 Speaker 2: Welcome to the Bloomberg business of sports. 252 00:13:39,040 --> 00:13:40,199 Speaker 3: I'm delighted to be here. 253 00:13:40,720 --> 00:13:44,760 Speaker 2: Well, let's start with that. It's everybody's making money. This 254 00:13:44,880 --> 00:13:48,840 Speaker 2: is hand over fist money. And then everybody is still 255 00:13:48,920 --> 00:13:53,160 Speaker 2: whizzed off. It's like if I get home and I 256 00:13:53,320 --> 00:13:58,280 Speaker 2: bring flowers and candy to missus bar, She'll would then 257 00:13:58,360 --> 00:14:01,080 Speaker 2: come to me and then say, you didn't get chocolate. 258 00:14:01,080 --> 00:14:03,160 Speaker 2: Why didn't you get the chocolate? This is exactly what 259 00:14:03,240 --> 00:14:03,679 Speaker 2: this is. 260 00:14:05,200 --> 00:14:09,760 Speaker 3: Yeah, on a macro scale, I mean, professional golfers have 261 00:14:09,880 --> 00:14:14,360 Speaker 3: become the most overpaid athletes on the planet. Based on 262 00:14:14,440 --> 00:14:17,199 Speaker 3: if you could do a ratio of the dollars they 263 00:14:17,240 --> 00:14:19,840 Speaker 3: make to the fans they deliver, it's not even close. 264 00:14:21,080 --> 00:14:26,680 Speaker 3: And it's a weird state of being that, even as 265 00:14:26,760 --> 00:14:32,000 Speaker 3: their pay is spiked tremendously, everyone's grouchy and everyone's complaining, 266 00:14:32,040 --> 00:14:34,080 Speaker 3: and the whole sport has been sort of cleaved and 267 00:14:35,920 --> 00:14:38,240 Speaker 3: it's gotten very messy. I mean, for those of us 268 00:14:38,280 --> 00:14:40,360 Speaker 3: who write about it, it's fantastic. It is a gift 269 00:14:40,360 --> 00:14:45,160 Speaker 3: from the content gods. But it's certainly the most contentious 270 00:14:45,200 --> 00:14:47,800 Speaker 3: period in the history of professional golf right now we're 271 00:14:47,800 --> 00:14:48,480 Speaker 3: in the middle of it. 272 00:14:48,920 --> 00:14:52,600 Speaker 1: And now we have golfers who are affiliated with Live Golf, 273 00:14:52,640 --> 00:14:55,280 Speaker 1: and of course pro golfers from the PGA Tour all 274 00:14:55,320 --> 00:14:58,760 Speaker 1: meeting at the Masters for four days of fun. My 275 00:14:58,920 --> 00:15:02,080 Speaker 1: question here is what happened to the war between Live 276 00:15:02,120 --> 00:15:05,040 Speaker 1: Golf and MPGA Tour Because they were at each other's throws. 277 00:15:05,080 --> 00:15:07,560 Speaker 1: Then they surprised everyone with this announcement that they were 278 00:15:07,560 --> 00:15:10,000 Speaker 1: actually going to team up and merge. And we know 279 00:15:10,080 --> 00:15:12,920 Speaker 1: that all kinds of government regulators looked into this and said, 280 00:15:12,920 --> 00:15:15,200 Speaker 1: hold on, we need to make sure that this is kosher. 281 00:15:15,800 --> 00:15:17,960 Speaker 1: And now it's at a standstill. Nothing's happened. 282 00:15:18,520 --> 00:15:22,840 Speaker 3: Yeah, it was. It was an active war zone. Now 283 00:15:22,920 --> 00:15:26,000 Speaker 3: it turned into a cold war that's getting hot. Is 284 00:15:26,080 --> 00:15:30,720 Speaker 3: basically what's happened. That the so called Framework Agreement of 285 00:15:30,800 --> 00:15:35,480 Speaker 3: June twenty twenty three was an armistice and both sides 286 00:15:35,560 --> 00:15:39,239 Speaker 3: realized that there were hemorrhaging money through all these different lawsuits. 287 00:15:39,280 --> 00:15:41,080 Speaker 3: I mean that the tour legal fees were into the 288 00:15:41,080 --> 00:15:45,960 Speaker 3: tens of millions of dollars. As we're live golfs and 289 00:15:46,040 --> 00:15:49,840 Speaker 3: so that was basically an agreement to stop the lawsuits 290 00:15:50,040 --> 00:15:52,000 Speaker 3: and everything. They were going to figure out everything else, 291 00:15:52,440 --> 00:15:54,840 Speaker 3: but the whole thing was oversold and the messaging was 292 00:15:55,360 --> 00:15:57,080 Speaker 3: way off. From the beginning it was going to be 293 00:15:57,120 --> 00:16:00,240 Speaker 3: a merger between the tour and Live. That was never 294 00:16:00,320 --> 00:16:05,160 Speaker 3: the case. It was. It was basically the expectations were 295 00:16:05,200 --> 00:16:07,720 Speaker 3: too high. All that was was, let's call off the 296 00:16:07,800 --> 00:16:09,440 Speaker 3: lawsuits and see if we can find a way to 297 00:16:09,480 --> 00:16:13,400 Speaker 3: work together. As it became clear there was nothing binding 298 00:16:13,880 --> 00:16:16,600 Speaker 3: in that deal, there was there was no penalties. Either 299 00:16:16,680 --> 00:16:21,240 Speaker 3: side backed out. Then that's when the real money started 300 00:16:21,280 --> 00:16:23,960 Speaker 3: to move in from Wall Street, of course, but also 301 00:16:24,080 --> 00:16:27,440 Speaker 3: Silicon Valley and Hollywood and these guys started saying to 302 00:16:27,480 --> 00:16:30,040 Speaker 3: the PGA Tour, you need money. We know you need money. 303 00:16:30,080 --> 00:16:32,480 Speaker 3: We have money. You don't need the Sudias, you don't 304 00:16:32,480 --> 00:16:35,000 Speaker 3: need the piff like, let us invest in your business. 305 00:16:35,560 --> 00:16:38,160 Speaker 3: And so that's what's happened. You know, the PGA Tour 306 00:16:38,320 --> 00:16:42,280 Speaker 3: reshaped itself from this pass through five oh one, you 307 00:16:42,280 --> 00:16:46,080 Speaker 3: know C six into the new PGA Tour Enterprises, which 308 00:16:46,120 --> 00:16:48,840 Speaker 3: is a for profit business. They took a million and 309 00:16:48,840 --> 00:16:50,760 Speaker 3: a half, i'm sorry, a billion and a half dollars 310 00:16:50,760 --> 00:16:53,840 Speaker 3: of investment from this strategic Sports Group which is a 311 00:16:53,840 --> 00:16:58,720 Speaker 3: consortium of sports team owners and private equity guys in 312 00:16:58,760 --> 00:17:04,480 Speaker 3: the US and gal and so that has ramped up 313 00:17:05,280 --> 00:17:08,320 Speaker 3: all the intrigue even more because now the PGA Tour 314 00:17:08,400 --> 00:17:11,040 Speaker 3: is better capitalized than it's ever been in its history. 315 00:17:11,359 --> 00:17:13,800 Speaker 3: They don't really need the Saudi money. But if they 316 00:17:13,840 --> 00:17:17,080 Speaker 3: don't consummate this framework agreement, then they go back to 317 00:17:17,240 --> 00:17:18,760 Speaker 3: Live Golf and the PGA Tour go back to these 318 00:17:18,840 --> 00:17:20,840 Speaker 3: mortal enemies, and there's gonna be bidding wars for the 319 00:17:20,880 --> 00:17:23,600 Speaker 3: top players. And so it's in their best interests for 320 00:17:23,640 --> 00:17:26,720 Speaker 3: the tour to consummate the deal. But now you have 321 00:17:27,040 --> 00:17:29,560 Speaker 3: their other investors aren't so keen on it. The players 322 00:17:29,840 --> 00:17:32,959 Speaker 3: there's always been cold feet about it. There's government scrutiny, 323 00:17:33,480 --> 00:17:36,400 Speaker 3: and so we're at a stalemate where they can't quite 324 00:17:36,480 --> 00:17:38,719 Speaker 3: get this deal done, but they're not willing to let 325 00:17:38,760 --> 00:17:41,760 Speaker 3: it blow up. And the whole sport is in limbo 326 00:17:41,880 --> 00:17:42,320 Speaker 3: right now. 327 00:17:42,960 --> 00:17:46,440 Speaker 4: Al And I know major networks like ESPN, CBS, etc. 328 00:17:46,840 --> 00:17:48,960 Speaker 4: Pay the PGA Tour something on the order of seven 329 00:17:49,000 --> 00:17:53,280 Speaker 4: hundred million dollars annually to televise and stream tournaments. Yet 330 00:17:53,440 --> 00:17:56,560 Speaker 4: the PIF has sunk billions and billions of dollars into 331 00:17:56,600 --> 00:18:00,000 Speaker 4: live and really don't have that much in terms of revenue, 332 00:18:00,359 --> 00:18:03,840 Speaker 4: some credent ability to show for it. Scarlett, you know, Alan, 333 00:18:03,960 --> 00:18:07,120 Speaker 4: take us through. What is the PIF doing. I mean, 334 00:18:07,160 --> 00:18:10,120 Speaker 4: are they hoping to extract some value from their investment 335 00:18:10,280 --> 00:18:12,840 Speaker 4: or is this just a trophy asset. 336 00:18:13,080 --> 00:18:16,359 Speaker 3: It's a little of both. You know, there's been this 337 00:18:16,359 --> 00:18:19,120 Speaker 3: this bidding war in among the golf states for big 338 00:18:19,160 --> 00:18:23,639 Speaker 3: time European soccer teams and that that was a prestigious 339 00:18:23,640 --> 00:18:25,960 Speaker 3: purchase and now that everyone has one, it's not so special. 340 00:18:26,040 --> 00:18:29,439 Speaker 3: But Saudi Arabia is the only country and that in 341 00:18:29,480 --> 00:18:31,760 Speaker 3: the region that owns his own golf tour right, and 342 00:18:31,840 --> 00:18:36,119 Speaker 3: so there is a trophy aspect to it. Certainly MBS, 343 00:18:36,160 --> 00:18:38,600 Speaker 3: you know his the Crown Prince of Saudi Arabia. His 344 00:18:38,680 --> 00:18:42,160 Speaker 3: vision twenty thirty to reshape the entire economy and really 345 00:18:42,200 --> 00:18:45,200 Speaker 3: culture of Saudi Arabia. Two of the pillars are sport 346 00:18:45,320 --> 00:18:49,959 Speaker 3: and tourism, and golf can play a key role in both. 347 00:18:50,600 --> 00:18:54,840 Speaker 3: And then you have the sports washing element where trying 348 00:18:54,840 --> 00:18:58,199 Speaker 3: to launder the reputation of this oppressive regime. You know, 349 00:18:58,280 --> 00:19:01,520 Speaker 3: golf has a very genteel reputation it's a global sport 350 00:19:01,600 --> 00:19:06,440 Speaker 3: played by the elite, so they're getting a lot through 351 00:19:06,480 --> 00:19:11,199 Speaker 3: live golf beyond a straight ROI. But of course they 352 00:19:11,280 --> 00:19:14,040 Speaker 3: do run a business and they do want to make money. 353 00:19:14,080 --> 00:19:17,320 Speaker 3: And really the way that the PIFF is hoping to 354 00:19:17,400 --> 00:19:21,160 Speaker 3: extract a profit, or at least get their money back, 355 00:19:21,800 --> 00:19:25,000 Speaker 3: is through the selling of the live golf franchises. And 356 00:19:25,040 --> 00:19:27,640 Speaker 3: that's a key thing to understand in this whole model 357 00:19:28,119 --> 00:19:30,760 Speaker 3: is that the PIFF owns seventy five percent of each franchise. 358 00:19:30,840 --> 00:19:34,560 Speaker 3: There's currently thirteen. They have plans to expand to two more, 359 00:19:35,359 --> 00:19:39,040 Speaker 3: and their ambitious goal is to get half a billion 360 00:19:39,080 --> 00:19:42,720 Speaker 3: dollars for each franchise. If you do the math times fifteen, 361 00:19:42,880 --> 00:19:47,240 Speaker 3: that would more than cover their costs. And it seems 362 00:19:47,240 --> 00:19:49,719 Speaker 3: a little fantastical because right now these teams are not 363 00:19:49,760 --> 00:19:53,879 Speaker 3: really earning any revenue. But sports has become an asset 364 00:19:53,960 --> 00:19:57,080 Speaker 3: class and if you look at how every team valuation 365 00:19:57,200 --> 00:20:00,959 Speaker 3: has skyrocketed in recent years, and you know, you have 366 00:20:01,000 --> 00:20:05,080 Speaker 3: European soccer club selling for ten billion dollars and on 367 00:20:05,240 --> 00:20:08,120 Speaker 3: down the line, and institutional money has moved into sports 368 00:20:08,240 --> 00:20:12,440 Speaker 3: across the board, across the world. Maybe maybe the PIF 369 00:20:12,480 --> 00:20:14,560 Speaker 3: is smarter than than we know. And they are going 370 00:20:14,600 --> 00:20:19,080 Speaker 3: to get this for these franchises because the live schedules 371 00:20:19,119 --> 00:20:21,359 Speaker 3: become more and more international. Eight of the fourteen events 372 00:20:21,359 --> 00:20:23,479 Speaker 3: this year are going to be played outside the US, 373 00:20:23,560 --> 00:20:25,800 Speaker 3: and they're going to new markets. They're going to Hong Kong, 374 00:20:25,840 --> 00:20:28,040 Speaker 3: they're going to Korea, they're going to go to Japan 375 00:20:28,200 --> 00:20:31,280 Speaker 3: next year. And they feel like in these markets there's 376 00:20:31,320 --> 00:20:35,520 Speaker 3: a board billionaire or maybe there's a multinational corporation that 377 00:20:35,600 --> 00:20:39,359 Speaker 3: sees the value in investing in this sport and in 378 00:20:39,400 --> 00:20:42,320 Speaker 3: this concept. And so that's how they will extract the 379 00:20:42,400 --> 00:20:45,800 Speaker 3: value is through the franchises. And they are hoping, of 380 00:20:45,840 --> 00:20:50,000 Speaker 3: course to grow their audience, to get better media deals, 381 00:20:50,560 --> 00:20:54,240 Speaker 3: to make money through other kinds of corporate alliances, and 382 00:20:55,920 --> 00:20:58,360 Speaker 3: but the real money is in the franchises. And that's 383 00:20:58,400 --> 00:20:59,480 Speaker 3: the key to their whole plan. 384 00:21:00,720 --> 00:21:02,320 Speaker 2: Now I have I'm going to do like they do 385 00:21:02,359 --> 00:21:04,240 Speaker 2: at the White House. I have a two part question. 386 00:21:05,280 --> 00:21:09,280 Speaker 2: First of all, the piff they have eight hundred and 387 00:21:09,280 --> 00:21:13,719 Speaker 2: sixty billion dollars. Now, how in the hell can anybody 388 00:21:14,119 --> 00:21:18,400 Speaker 2: compete with that? That's one. The second question is it's 389 00:21:18,480 --> 00:21:21,560 Speaker 2: one thing if you're like a Tiger Woods and you're saying, 390 00:21:21,600 --> 00:21:25,480 Speaker 2: you know what, I'm not going there. The pj's been fine. 391 00:21:25,520 --> 00:21:28,439 Speaker 2: I got a boatload of money already. I'm good. But 392 00:21:28,920 --> 00:21:33,480 Speaker 2: let's say, for instance, the Damien Scarlet network offered me 393 00:21:34,920 --> 00:21:39,320 Speaker 2: I ten million dollar contract to come to your network. 394 00:21:39,880 --> 00:21:42,440 Speaker 2: How can a younger player say no? 395 00:21:42,840 --> 00:21:45,879 Speaker 3: Well, part one is you can't compete with the piffs money. 396 00:21:46,000 --> 00:21:48,720 Speaker 3: And everyone kind of knew that. The tour, for a 397 00:21:48,840 --> 00:21:53,400 Speaker 3: brief moment, tried, you know, they the tour reshaped its 398 00:21:53,400 --> 00:21:56,920 Speaker 3: schedule and its product, created these these big money, limited 399 00:21:56,960 --> 00:21:59,840 Speaker 3: field exclusive events for their top players as a way 400 00:21:59,880 --> 00:22:05,040 Speaker 3: to pay them live like money. But to put the bill, 401 00:22:05,080 --> 00:22:08,159 Speaker 3: they were squeezing all their corporate sponsors so hard the 402 00:22:08,200 --> 00:22:10,879 Speaker 3: sponsor started to flee and the tour very quickly realized 403 00:22:10,920 --> 00:22:13,600 Speaker 3: this is not sustainable, and that's when they decided to 404 00:22:13,640 --> 00:22:16,640 Speaker 3: take the outside investment. So the tour tried for about 405 00:22:16,640 --> 00:22:20,119 Speaker 3: twenty minutes to compete with the piffs money, and it 406 00:22:20,160 --> 00:22:25,080 Speaker 3: was obviously a non starter. As for the good but 407 00:22:25,160 --> 00:22:30,400 Speaker 3: not great or the talented but not generationally wealthy golfer, yeah, 408 00:22:30,400 --> 00:22:32,240 Speaker 3: a lot of them have gone to live because it's 409 00:22:32,320 --> 00:22:37,400 Speaker 3: just it's just a business decision, and what's made it complex. 410 00:22:37,680 --> 00:22:40,880 Speaker 3: Is the source of the money, right, that's been If 411 00:22:41,440 --> 00:22:45,399 Speaker 3: if live golf was underwritten by European money, or Australian 412 00:22:45,440 --> 00:22:48,320 Speaker 3: money or American money, it would be a very different conversation. 413 00:22:48,520 --> 00:22:51,600 Speaker 3: But you know that there's no real golf culture in 414 00:22:51,600 --> 00:22:57,920 Speaker 3: Saudi Arabia. Their entrance into professional golf in what was 415 00:22:57,960 --> 00:23:00,840 Speaker 3: through the European Tour in February of two nineteen. That 416 00:23:00,880 --> 00:23:04,439 Speaker 3: was just months after Jamal Kashogi was murdered. And obviously 417 00:23:04,560 --> 00:23:08,159 Speaker 3: MBS has been implicated in that killing of a Washington 418 00:23:08,160 --> 00:23:10,480 Speaker 3: Post reporter who was a resident of the United States. 419 00:23:11,560 --> 00:23:13,959 Speaker 3: It's an undeniable fact that fifteen of the nineteen nine 420 00:23:14,000 --> 00:23:17,680 Speaker 3: to eleven hijackers were Saudi nationals. And so it's an 421 00:23:17,680 --> 00:23:20,880 Speaker 3: emotional topic for a lot of sports fans, a lot 422 00:23:20,880 --> 00:23:23,199 Speaker 3: of not just in the US but elsewhere that the 423 00:23:23,240 --> 00:23:26,199 Speaker 3: Saudis are coming in and trying to reshape professional golf. 424 00:23:26,280 --> 00:23:32,120 Speaker 3: And so the tour effectively made the live money radioactive. 425 00:23:32,160 --> 00:23:35,520 Speaker 3: You know, Jay Monahan, the pgator commissioner, famously went on 426 00:23:35,600 --> 00:23:37,679 Speaker 3: TV and said, when have you ever had to apologize 427 00:23:37,680 --> 00:23:40,560 Speaker 3: for being a PGA Tour member? The implication being, if 428 00:23:40,600 --> 00:23:42,439 Speaker 3: you go to live you do have to apologize, and 429 00:23:42,440 --> 00:23:45,440 Speaker 3: that was a line of attack that was pretty effective, 430 00:23:45,520 --> 00:23:50,680 Speaker 3: and various politicians took that up. Surviving members of nine 431 00:23:50,680 --> 00:23:55,959 Speaker 3: to eleven victims started protesting outside of live tournaments. So 432 00:23:57,200 --> 00:23:59,760 Speaker 3: taking the money has come at a reputational cost for 433 00:23:59,760 --> 00:24:03,200 Speaker 3: some of the golfers because of where the money's coming from. 434 00:24:03,440 --> 00:24:06,040 Speaker 3: Then you have this parallel issue where live does not 435 00:24:06,040 --> 00:24:10,080 Speaker 3: get world ranking points, and that is still It may 436 00:24:10,119 --> 00:24:11,959 Speaker 3: not be in the future, but right now, that is 437 00:24:12,040 --> 00:24:15,520 Speaker 3: the yardstick that the major championships use to fill out 438 00:24:15,560 --> 00:24:21,960 Speaker 3: their fields. And major championships being the Masters, the PGA Championship, 439 00:24:22,280 --> 00:24:24,520 Speaker 3: the US Open, and the British Open, those are the 440 00:24:24,520 --> 00:24:27,800 Speaker 3: events that matter in golf. You know, there's the week in, 441 00:24:27,960 --> 00:24:30,840 Speaker 3: week out filler, but it's the majors that define a career. 442 00:24:30,920 --> 00:24:33,040 Speaker 3: It's what makes you a legend, that gets you into 443 00:24:33,080 --> 00:24:35,160 Speaker 3: the Hall of Fame, and that's also where you get 444 00:24:35,160 --> 00:24:37,040 Speaker 3: the big endorsement deals is when you win the majors 445 00:24:37,080 --> 00:24:41,320 Speaker 3: and so to go to live. Some of these players, 446 00:24:41,480 --> 00:24:43,639 Speaker 3: the up and comers or the guys who were just 447 00:24:43,720 --> 00:24:47,840 Speaker 3: hanging on, were essentially renouncing playing in the majors because 448 00:24:47,840 --> 00:24:50,080 Speaker 3: they didn't they were going to have to give that up. 449 00:24:50,080 --> 00:24:52,240 Speaker 3: So that'd be like a baseball player saying, Okay, I'll 450 00:24:52,280 --> 00:24:54,760 Speaker 3: take a big contract from the Yankees, but we're barred 451 00:24:54,760 --> 00:24:58,359 Speaker 3: from the World Series, and that doesn't sit right with 452 00:24:58,440 --> 00:25:01,040 Speaker 3: certain fans, like, wow, you really you don't care about winning. 453 00:25:01,080 --> 00:25:04,679 Speaker 3: You really don't care about what matters in this sport. 454 00:25:04,880 --> 00:25:07,760 Speaker 3: So it hasn't been as simple as taking the money, 455 00:25:09,160 --> 00:25:14,199 Speaker 3: because there's been these other issues that have tainted the 456 00:25:14,240 --> 00:25:16,040 Speaker 3: money and made it more complex. 457 00:25:16,400 --> 00:25:20,120 Speaker 1: Really well said Alan. Fantastic story. And once again it's 458 00:25:20,520 --> 00:25:22,600 Speaker 1: the title is everyone is rich, no one is happy. 459 00:25:22,640 --> 00:25:25,240 Speaker 1: The pro golf drama is back. How could you resist 460 00:25:25,640 --> 00:25:26,080 Speaker 1: reading that? 461 00:25:26,119 --> 00:25:26,520 Speaker 7: I can't. 462 00:25:26,560 --> 00:25:27,399 Speaker 4: I mean what a title. 463 00:25:27,440 --> 00:25:28,479 Speaker 7: I mean, I love that header. 464 00:25:28,600 --> 00:25:31,680 Speaker 2: Read it for yourself. It's online at Bloomberg dot com 465 00:25:32,040 --> 00:25:35,280 Speaker 2: and it will be in the upcoming edition of Bloomberg 466 00:25:35,400 --> 00:25:40,000 Speaker 2: BusinessWeek magazine. Up next we bring in Baseball Hall of 467 00:25:40,119 --> 00:25:43,800 Speaker 2: Fame or Tom Glavit. You're listening to the Bloomberg Business 468 00:25:43,800 --> 00:25:47,080 Speaker 2: of Sports from Bloomberg Radio. Around the world. 469 00:25:51,920 --> 00:25:56,080 Speaker 7: You're listening to Bloomberg Business of Sports from Bloomberg Radio. 470 00:25:57,400 --> 00:25:59,960 Speaker 2: This is the Bloomberg Business of Sports Show of Weeks. 471 00:26:00,040 --> 00:26:00,200 Speaker 8: Lord. 472 00:26:00,240 --> 00:26:03,000 Speaker 2: The big money issues in the world of Sports. I'm 473 00:26:03,040 --> 00:26:07,040 Speaker 2: Michael Barr, along with my colleague Scarlett Fou and Damien Sassaur. 474 00:26:07,480 --> 00:26:10,359 Speaker 2: Guess who we have on the line. I'll give you 475 00:26:10,400 --> 00:26:13,880 Speaker 2: a hint. He's an MLB Hall of Famer. He went 476 00:26:13,960 --> 00:26:16,879 Speaker 2: in in the class of twenty fourteen. Is it coming 477 00:26:16,880 --> 00:26:20,960 Speaker 2: to you? Ten time All Star pitcher? Ladies and gentlemen, 478 00:26:21,400 --> 00:26:25,680 Speaker 2: Tom Glavin, welcome to the Bloomberg Business of Sports. 479 00:26:25,359 --> 00:26:26,439 Speaker 8: By thanks for having me. 480 00:26:26,560 --> 00:26:30,280 Speaker 2: Wow, man, this is so cool man. But I guess 481 00:26:30,320 --> 00:26:32,600 Speaker 2: I'm want to ask the obvious question to start off. 482 00:26:32,840 --> 00:26:36,360 Speaker 2: We're in the young start of the Major League Baseball season. 483 00:26:36,800 --> 00:26:40,760 Speaker 2: Any early takeaways for you, sir, not a ton you know. 484 00:26:40,960 --> 00:26:43,320 Speaker 8: I mean, I thanked this for the boat start, and 485 00:26:43,359 --> 00:26:45,200 Speaker 8: thanks the team we thought were going to be good 486 00:26:45,240 --> 00:26:49,000 Speaker 8: and not the good start. I guess it's a little 487 00:26:49,000 --> 00:26:52,240 Speaker 8: bit concerning that we've had a number of really good 488 00:26:52,280 --> 00:26:55,199 Speaker 8: pitchers get hurt already, so that's always a concern. But 489 00:26:55,240 --> 00:26:59,159 Speaker 8: I think, you know so far as take kind of 490 00:26:59,200 --> 00:27:01,880 Speaker 8: bit of what every but he has expected, and and uh, 491 00:27:02,000 --> 00:27:03,240 Speaker 8: we'll see how it plays out. 492 00:27:03,480 --> 00:27:07,520 Speaker 1: So about those pitching injuries, we know that the MLBP 493 00:27:07,680 --> 00:27:10,280 Speaker 1: a head Tony Clark has been blaming it on the 494 00:27:10,320 --> 00:27:12,720 Speaker 1: shortened pitch clock. Do you think there's a tie there? 495 00:27:12,800 --> 00:27:16,320 Speaker 1: Is that a convenient explanation or is there something to it? 496 00:27:16,520 --> 00:27:19,320 Speaker 8: I don't think so. Listen. I love Tony. Uh Tony 497 00:27:19,560 --> 00:27:21,760 Speaker 8: was a teammate of mine, and I think it's a 498 00:27:21,760 --> 00:27:24,320 Speaker 8: good job with the Players Association. But I got to 499 00:27:24,400 --> 00:27:26,919 Speaker 8: disagree on this one a little bit. You know, I 500 00:27:26,920 --> 00:27:29,080 Speaker 8: don't think the pitch clock has anything to do with it, 501 00:27:29,800 --> 00:27:32,760 Speaker 8: you know. Now, I do think Baseball made a mistake 502 00:27:33,720 --> 00:27:38,399 Speaker 8: in in changing the pitch clock for this year. You know, 503 00:27:38,560 --> 00:27:41,280 Speaker 8: they made They made all sorts of change in last year, 504 00:27:41,359 --> 00:27:43,520 Speaker 8: particularly the pitch count, the pitch clock. 505 00:27:44,200 --> 00:27:44,360 Speaker 6: Uh. 506 00:27:44,440 --> 00:27:46,679 Speaker 8: I think by and large pitchers brought into it. They 507 00:27:46,680 --> 00:27:48,720 Speaker 8: did a good job the games who were Chris. It 508 00:27:48,920 --> 00:27:52,000 Speaker 8: was fun to watch, you know, And I think it 509 00:27:52,119 --> 00:27:55,399 Speaker 8: major League Baseball had a concern with the length of 510 00:27:55,560 --> 00:27:58,040 Speaker 8: time of games creeping up a little bit as the 511 00:27:58,080 --> 00:27:59,679 Speaker 8: season went on. Then I think it should have been 512 00:27:59,720 --> 00:28:02,919 Speaker 8: a a conversation that said, hey boys or hey fellaws, 513 00:28:02,960 --> 00:28:05,359 Speaker 8: we notice this trend and we're going to keep watching it. 514 00:28:05,400 --> 00:28:08,440 Speaker 8: If it continues, then we may have to adjust the 515 00:28:08,480 --> 00:28:11,439 Speaker 8: pitch clock rather than just going ahead and doing it again. 516 00:28:12,280 --> 00:28:14,879 Speaker 8: After they got everybody to buy in last year. But 517 00:28:15,000 --> 00:28:17,320 Speaker 8: having said that, I don't think it has anything to 518 00:28:17,359 --> 00:28:18,840 Speaker 8: do with that. I think it has everything to do 519 00:28:18,960 --> 00:28:22,600 Speaker 8: with what pitching has become across the board in baseball, 520 00:28:22,600 --> 00:28:25,000 Speaker 8: from high school to the big league, and it's all 521 00:28:25,000 --> 00:28:28,000 Speaker 8: about velocity. All everybody cares about is how hard they throw, 522 00:28:28,040 --> 00:28:31,000 Speaker 8: and everything they do is yeared towards gaining more velocity. 523 00:28:31,520 --> 00:28:34,840 Speaker 8: And I've been saying it for years. You cannot go 524 00:28:34,960 --> 00:28:38,200 Speaker 8: out there as a pitcher and throw every pitch as 525 00:28:38,240 --> 00:28:41,000 Speaker 8: hard as you can and not expect to get hurt. 526 00:28:41,160 --> 00:28:43,280 Speaker 8: I mean, your body just can't handle that. Like you, 527 00:28:43,600 --> 00:28:48,240 Speaker 8: you pick any endeavor, any physical activity, and if you 528 00:28:48,400 --> 00:28:50,640 Speaker 8: do it at max effort for any length of time, 529 00:28:50,720 --> 00:28:52,560 Speaker 8: you're going to get hurt. Right, Like I always I 530 00:28:52,560 --> 00:28:54,560 Speaker 8: always talk about Tiger Woods. Right when we all watched 531 00:28:54,560 --> 00:28:56,160 Speaker 8: Tiger Woods come up as a young kid and we 532 00:28:56,200 --> 00:28:58,200 Speaker 8: saw that swing, I think most people looked at it 533 00:28:58,200 --> 00:29:00,840 Speaker 8: and said, Eh, he's swing is hard. He's going to 534 00:29:00,920 --> 00:29:03,240 Speaker 8: have back problems after a while, right, Well, lo and 535 00:29:03,280 --> 00:29:05,720 Speaker 8: behold he had back problems. So I think it's the 536 00:29:05,760 --> 00:29:08,680 Speaker 8: same with pitching. That's you know, you throw every single 537 00:29:08,720 --> 00:29:11,840 Speaker 8: pitch as hard as you can. I just don't see 538 00:29:11,840 --> 00:29:15,240 Speaker 8: how you're over or mostly your unbow what most guys 539 00:29:15,240 --> 00:29:16,720 Speaker 8: came to be having. I don't see how it's. 540 00:29:16,600 --> 00:29:18,800 Speaker 4: Gonna hold up, Tom, Tom, Tom, Hold on a second, 541 00:29:18,880 --> 00:29:22,479 Speaker 4: Are you accusing Tiger Woods of overswinging that he swings 542 00:29:22,480 --> 00:29:23,719 Speaker 4: to I just want to I want to get this 543 00:29:23,760 --> 00:29:26,480 Speaker 4: straight for the record here. I mean, it is Master's Week, 544 00:29:26,600 --> 00:29:29,360 Speaker 4: and I think the following week you're gonna be playing 545 00:29:29,360 --> 00:29:32,000 Speaker 4: in the Celebrity Classic. I think Tony Romo is the 546 00:29:32,080 --> 00:29:35,320 Speaker 4: raiding champ there. I mean, let's go back to nineteen 547 00:29:35,440 --> 00:29:38,840 Speaker 4: ninety five. Shawn cast In, president of the Atlanta Braves. 548 00:29:38,880 --> 00:29:42,240 Speaker 4: I believe he built a punting green inside the clubhouse 549 00:29:42,520 --> 00:29:44,160 Speaker 4: for you and your mates. Talk to us a little 550 00:29:44,160 --> 00:29:47,080 Speaker 4: bit about that and how that helped your golf game 551 00:29:47,120 --> 00:29:50,280 Speaker 4: and your putting game as you prepare for next week's match. 552 00:29:50,360 --> 00:29:56,800 Speaker 8: Okay, so first, I'm not accusing Tiger swinging right, and 553 00:29:56,920 --> 00:29:59,560 Speaker 8: I think over the years that swing has slowed down 554 00:29:59,600 --> 00:30:03,040 Speaker 8: a litt at that call. But you know, as far 555 00:30:03,080 --> 00:30:05,160 Speaker 8: as the punning, when we went, yeah, we did you 556 00:30:05,200 --> 00:30:08,080 Speaker 8: know we were in Fulton County Stadium at the time, 557 00:30:08,160 --> 00:30:11,120 Speaker 8: and we were we were moving into Turner Field, that 558 00:30:11,240 --> 00:30:14,280 Speaker 8: was being built for the Olympics, and you know, Stantass 559 00:30:14,400 --> 00:30:16,320 Speaker 8: and the president of the club said, hey, if you know, 560 00:30:16,320 --> 00:30:18,320 Speaker 8: we win a World Series, we'll put a funny green in. 561 00:30:18,360 --> 00:30:20,680 Speaker 8: And you know, lo and behold, we won a World 562 00:30:20,680 --> 00:30:22,960 Speaker 8: series and we had a funny green. So you know, 563 00:30:23,640 --> 00:30:26,520 Speaker 8: it worked out well. And I will say, you know, listen, 564 00:30:26,640 --> 00:30:28,760 Speaker 8: we all we played a lot of golf myself in 565 00:30:28,880 --> 00:30:32,640 Speaker 8: battleson Smolti and it was great. But it was I 566 00:30:32,680 --> 00:30:34,960 Speaker 8: think it was a big part of what kept us 567 00:30:35,040 --> 00:30:38,240 Speaker 8: saying during the baseball season. You know, I mean baseball 568 00:30:38,280 --> 00:30:40,360 Speaker 8: season is long. Everybody knows it, right, one hundred and 569 00:30:40,400 --> 00:30:43,000 Speaker 8: sixty two games and you're going at it for nine 570 00:30:43,000 --> 00:30:45,040 Speaker 8: months out of the year. It is a grind. So 571 00:30:45,840 --> 00:30:47,440 Speaker 8: no matter what you do in life, you have to 572 00:30:47,440 --> 00:30:49,200 Speaker 8: have an outlet. So for us it was golf, and 573 00:30:49,240 --> 00:30:51,920 Speaker 8: we enjoyed getting out and playing golf and getting out 574 00:30:51,920 --> 00:30:55,760 Speaker 8: of the hotel and you know, doing all those things. Inevitably, 575 00:30:55,760 --> 00:30:59,240 Speaker 8: I would say, I'm good fortune of our conversation ended 576 00:30:59,320 --> 00:31:02,320 Speaker 8: up being about baseball, but you know, just to be 577 00:31:02,680 --> 00:31:05,640 Speaker 8: outside and and get away from everything for for a 578 00:31:05,640 --> 00:31:07,640 Speaker 8: couple of hours, I think that was That was a 579 00:31:07,680 --> 00:31:10,520 Speaker 8: big part like I said about kind of saying saying 580 00:31:10,640 --> 00:31:12,640 Speaker 8: saint during a long. 581 00:31:12,440 --> 00:31:15,560 Speaker 2: And sometimes ruling base One of the greatest stories in 582 00:31:15,640 --> 00:31:19,920 Speaker 2: baseball until it wasn't was about show Hey Otani, and 583 00:31:20,040 --> 00:31:23,560 Speaker 2: everybody was talking about show Hey, Show Hey. You couldn't 584 00:31:23,560 --> 00:31:28,800 Speaker 2: get merchandise cheap anywhere o Tani merchandise, and then all 585 00:31:28,800 --> 00:31:33,280 Speaker 2: of a sudden, here comes the gambling saga. Your thoughts 586 00:31:33,560 --> 00:31:36,280 Speaker 2: on all of this and and how it went. 587 00:31:36,200 --> 00:31:40,920 Speaker 8: Down, you know, I followed that casually, and I'm just 588 00:31:40,960 --> 00:31:44,040 Speaker 8: gonna say that I hope that what show Hay is 589 00:31:44,080 --> 00:31:48,080 Speaker 8: saying is true. I really do. I hope it's nothing 590 00:31:48,120 --> 00:31:50,760 Speaker 8: more than that, and that he had a close friend 591 00:31:50,800 --> 00:31:54,480 Speaker 8: who he trusted that maybe he shouldn't have, and and 592 00:31:54,560 --> 00:31:57,080 Speaker 8: he took advantage of him. I mean, that's as awful 593 00:31:57,120 --> 00:32:00,080 Speaker 8: as that sounds. I hope that's the case, because that 594 00:32:00,280 --> 00:32:02,959 Speaker 8: certainly would be in the best bit just in baseball, right, 595 00:32:03,000 --> 00:32:05,520 Speaker 8: we don't want to ever find out that show he 596 00:32:05,760 --> 00:32:09,080 Speaker 8: had anything more going on than that. It certainly wouldn't 597 00:32:09,080 --> 00:32:10,960 Speaker 8: be good for him, wouldn't be good for the game. 598 00:32:11,000 --> 00:32:13,080 Speaker 8: I mean, anytime you have a superstar player like that 599 00:32:13,840 --> 00:32:17,360 Speaker 8: who quite frankly doesn't put people in the seat. You know, 600 00:32:17,400 --> 00:32:18,880 Speaker 8: you want it to be about that. You don't want 601 00:32:18,920 --> 00:32:20,880 Speaker 8: it to be about other stuff. So I you know, 602 00:32:20,920 --> 00:32:23,680 Speaker 8: I think we've all been in situations where maybe we've 603 00:32:23,680 --> 00:32:25,880 Speaker 8: had a friend take advantage of us. Certainly not to 604 00:32:26,000 --> 00:32:29,440 Speaker 8: that extent, but you know, show Hay is a little 605 00:32:29,480 --> 00:32:33,240 Speaker 8: bit different stratosphere than the rest of us. So hopefully, 606 00:32:33,280 --> 00:32:35,800 Speaker 8: like I say, just lesson learned. You gave somebody a 607 00:32:35,840 --> 00:32:38,200 Speaker 8: little bit too much leeway, a little bit too much trust, 608 00:32:38,200 --> 00:32:40,120 Speaker 8: and they betray you. I hope that's. 609 00:32:39,920 --> 00:32:42,600 Speaker 1: All that it is, whatever happened between show Hay and 610 00:32:42,680 --> 00:32:46,480 Speaker 1: his best friend, slash Interpreter. I think the whole incident 611 00:32:46,600 --> 00:32:49,120 Speaker 1: is a really good window into how sports betting is 612 00:32:49,160 --> 00:32:52,880 Speaker 1: now colliding with every professional sport, and it's something that 613 00:32:52,920 --> 00:32:55,400 Speaker 1: the athletes need to keep in mind. What do you 614 00:32:55,400 --> 00:32:59,040 Speaker 1: think your career would be like if sports betting was 615 00:32:59,080 --> 00:33:01,200 Speaker 1: a part of it. I'm not saying you would necessarily 616 00:33:01,200 --> 00:33:02,960 Speaker 1: take part in it, but how would you think through 617 00:33:03,000 --> 00:33:05,560 Speaker 1: some of the issues that keep coming up? Because this 618 00:33:05,640 --> 00:33:09,080 Speaker 1: collision is kind of inevitable given how much the players 619 00:33:09,160 --> 00:33:12,040 Speaker 1: and the fans and the teams are bombarding everyone with 620 00:33:12,280 --> 00:33:14,200 Speaker 1: advertisements on sports betting. 621 00:33:14,480 --> 00:33:16,960 Speaker 8: No and it's it's a great question. And you know, 622 00:33:17,080 --> 00:33:19,280 Speaker 8: to your point, I don't you know me personally. If 623 00:33:19,320 --> 00:33:21,720 Speaker 8: I it probably wouldn't have affected me. I'm not I'm 624 00:33:21,760 --> 00:33:23,680 Speaker 8: not a gambler. I mean, i'll, you know, I'll go 625 00:33:23,760 --> 00:33:26,480 Speaker 8: to a casino every once in a while if I 626 00:33:26,520 --> 00:33:28,640 Speaker 8: happen to be somewhere and you know, play a little 627 00:33:28,640 --> 00:33:31,520 Speaker 8: bit of blackjack. Point. I worked hard for my money 628 00:33:31,520 --> 00:33:33,280 Speaker 8: and I like it, so I try not to give 629 00:33:33,320 --> 00:33:36,840 Speaker 8: it away if I don't have to. So that's always 630 00:33:36,840 --> 00:33:39,360 Speaker 8: been a deterrent for me. It's just not something that's 631 00:33:39,360 --> 00:33:44,120 Speaker 8: interested me. But had to your point, it's getting harder 632 00:33:44,160 --> 00:33:46,680 Speaker 8: and harder for players, right because we're in an error 633 00:33:46,720 --> 00:33:50,560 Speaker 8: now where everything is everywhere. Sports betting is everywhere. I 634 00:33:50,560 --> 00:33:54,000 Speaker 8: mean you can't watch a sporting event on TV without 635 00:33:54,040 --> 00:33:57,040 Speaker 8: being hit by commercials for draft kings or you know, 636 00:33:57,120 --> 00:34:00,120 Speaker 8: some of these other things. So it's everywhere. And and 637 00:34:00,160 --> 00:34:04,120 Speaker 8: to to think that these professional teams who are who 638 00:34:04,160 --> 00:34:07,080 Speaker 8: have partnerships with a lot of these these things, to 639 00:34:07,200 --> 00:34:09,160 Speaker 8: think that these teams are going to do all this 640 00:34:09,280 --> 00:34:12,319 Speaker 8: advertising and the players are going to be around it 641 00:34:12,440 --> 00:34:16,440 Speaker 8: and hear it, and all the while it's hey, players, 642 00:34:16,440 --> 00:34:18,439 Speaker 8: this is good for everybody else, but it's not good 643 00:34:18,480 --> 00:34:23,120 Speaker 8: for you. It's you can't help but think that eventually 644 00:34:23,760 --> 00:34:27,680 Speaker 8: there's going to be somebody or somebody's that give into 645 00:34:27,880 --> 00:34:30,480 Speaker 8: the temptation or have the approach of, well, everybody else 646 00:34:30,480 --> 00:34:32,960 Speaker 8: can do it, why can't we. So I mean, it's 647 00:34:33,040 --> 00:34:35,800 Speaker 8: I think it's for me. When I saw this coming 648 00:34:35,840 --> 00:34:38,000 Speaker 8: down the road, you know, I had a lot of 649 00:34:38,040 --> 00:34:40,160 Speaker 8: these thoughts that I wondered and and and I think 650 00:34:40,160 --> 00:34:43,600 Speaker 8: we're starting to see some of it. I don't I 651 00:34:43,600 --> 00:34:48,200 Speaker 8: don't know what the sports organizations do, uh really to 652 00:34:48,320 --> 00:34:51,400 Speaker 8: try to get a better hold of it. But like 653 00:34:51,440 --> 00:34:53,839 Speaker 8: I said, it's an it's an odd dynamic when when 654 00:34:54,440 --> 00:34:57,560 Speaker 8: everything around so much of these sports now is that, 655 00:34:58,239 --> 00:35:00,560 Speaker 8: but then the players themselves aren't able to aren't aren't 656 00:35:00,600 --> 00:35:03,560 Speaker 8: allowed to participate. It's just a it's a really odd dynamic. 657 00:35:03,640 --> 00:35:05,319 Speaker 8: But it's worth keeping an eye on, you. 658 00:35:05,239 --> 00:35:07,880 Speaker 4: Know, Scarlet. I still can't believe that Bobby Cox allowed 659 00:35:07,920 --> 00:35:10,399 Speaker 4: Tom Smulti and Mattocks to golf during off days during 660 00:35:10,400 --> 00:35:12,840 Speaker 4: the season. I mean, that's just unbelievable. But you know, Tom, 661 00:35:12,880 --> 00:35:14,319 Speaker 4: talk to us a little bit about some of the 662 00:35:14,360 --> 00:35:17,160 Speaker 4: hitters you faced in your career. I'm thinking Tony Gwen, 663 00:35:17,239 --> 00:35:18,960 Speaker 4: I think you played with Ken Griffy Senior, but Ken 664 00:35:18,960 --> 00:35:23,160 Speaker 4: Griffy Junior. Talk to me about you know, when you're 665 00:35:23,160 --> 00:35:25,560 Speaker 4: in your head, you know you're you're a competitor, and 666 00:35:25,600 --> 00:35:27,920 Speaker 4: you're thinking about that one guy who you just you know, 667 00:35:28,000 --> 00:35:30,400 Speaker 4: you really just hated to face. I mean the names 668 00:35:30,440 --> 00:35:34,040 Speaker 4: like Mike Redman, Kit Pellow, I mean John Morris, Chelmsford Center, Like, 669 00:35:34,080 --> 00:35:36,160 Speaker 4: who do you think of when you really just need 670 00:35:36,200 --> 00:35:37,160 Speaker 4: to get the blood boiling? 671 00:35:37,320 --> 00:35:38,719 Speaker 8: There's a lot of names you just threw it. 672 00:35:38,840 --> 00:35:39,239 Speaker 7: You like that? 673 00:35:39,400 --> 00:35:40,240 Speaker 8: Huh? 674 00:35:40,320 --> 00:35:40,520 Speaker 3: Yeah? 675 00:35:40,600 --> 00:35:44,160 Speaker 8: I do like that. You know what, Look if everybody 676 00:35:44,400 --> 00:35:46,640 Speaker 8: like the crazy thing about baseball is like people ask 677 00:35:46,680 --> 00:35:48,759 Speaker 8: that question or you know, who did you who did 678 00:35:48,800 --> 00:35:50,640 Speaker 8: you hate the face? Or who did you fear? And 679 00:35:50,640 --> 00:35:53,280 Speaker 8: and listen, you know I didn't. You didn't fear anybody. 680 00:35:53,360 --> 00:35:56,200 Speaker 8: You had a healthy level of respect for everybody, but 681 00:35:56,320 --> 00:36:00,680 Speaker 8: certain guys grabbed your attention more than others. You have 682 00:36:01,000 --> 00:36:04,200 Speaker 8: somebody for a lot of guys that nobody would ever 683 00:36:04,280 --> 00:36:06,879 Speaker 8: guess is the guy who owns you. And my case, 684 00:36:07,200 --> 00:36:10,560 Speaker 8: Mikero Redmond. You know I said it all the time. 685 00:36:10,600 --> 00:36:12,840 Speaker 8: If I was pitching, he was sending a Limo to 686 00:36:12,840 --> 00:36:17,200 Speaker 8: get me to the ball. That's just the way that 687 00:36:17,280 --> 00:36:18,879 Speaker 8: it was, you know, And I think we all had 688 00:36:19,040 --> 00:36:21,920 Speaker 8: one of those guys, you know, for Smolty, I look back, 689 00:36:22,000 --> 00:36:24,719 Speaker 8: I think it was John Tangelosi who used to wear 690 00:36:24,800 --> 00:36:27,800 Speaker 8: him out. So but then there are certain guys looking 691 00:36:27,920 --> 00:36:29,400 Speaker 8: you know. You name a lot of those guys, right, 692 00:36:29,480 --> 00:36:32,480 Speaker 8: Barry Bonds, Tony Gwynn, Albert Puhs, guys like that that 693 00:36:33,200 --> 00:36:35,080 Speaker 8: you know, for the most part, when you get ready 694 00:36:35,120 --> 00:36:37,880 Speaker 8: for a for a start against somebody and you you 695 00:36:38,000 --> 00:36:40,920 Speaker 8: throw your bullpens and you practice, you know, you kind 696 00:36:40,920 --> 00:36:43,960 Speaker 8: of go through your repertoire. You practice, you do your pitches, whatever. 697 00:36:44,000 --> 00:36:46,160 Speaker 8: But then every once in a while, when you're facing 698 00:36:46,160 --> 00:36:49,440 Speaker 8: a Tony Gwynn or a Barry Bond or an Albert Pujos, 699 00:36:50,400 --> 00:36:53,600 Speaker 8: knowing you're facing those guys will creep into your practice, 700 00:36:53,719 --> 00:36:56,440 Speaker 8: you know, like I might. You know, if at certain 701 00:36:56,480 --> 00:36:58,759 Speaker 8: times during the year I wasn't throwing my curveball or 702 00:36:58,760 --> 00:37:00,600 Speaker 8: my slider as much, but I knew I was going 703 00:37:00,680 --> 00:37:03,440 Speaker 8: to face Barry or Tony in a start, then I 704 00:37:03,440 --> 00:37:05,640 Speaker 8: would probably practice that pitch a little bit more than 705 00:37:05,680 --> 00:37:07,600 Speaker 8: I might other times. If I knew I was facing 706 00:37:07,640 --> 00:37:10,000 Speaker 8: bullhole and say, hey, I know I have to be 707 00:37:10,520 --> 00:37:12,120 Speaker 8: able to pitch the inside part of the play that 708 00:37:12,120 --> 00:37:14,759 Speaker 8: against him to keep him honest. I might practice that 709 00:37:14,840 --> 00:37:16,799 Speaker 8: a little bit more in my size session. So those 710 00:37:16,800 --> 00:37:19,759 Speaker 8: guys grab your attention, no question about it, and you 711 00:37:19,920 --> 00:37:22,160 Speaker 8: plan for them. But those are the special guys, right. 712 00:37:22,200 --> 00:37:24,440 Speaker 8: Most of the time, it's just you know who you're facing, 713 00:37:24,520 --> 00:37:25,960 Speaker 8: you know what you're trying to do, you know what 714 00:37:26,040 --> 00:37:28,799 Speaker 8: you're trying to fix or work on in terms of 715 00:37:28,840 --> 00:37:31,239 Speaker 8: your game, and you kind of leave it there. But 716 00:37:31,840 --> 00:37:36,880 Speaker 8: those elite players, they'll creep into your preparation and you'll 717 00:37:37,239 --> 00:37:39,920 Speaker 8: you'll do something specifically to get ready to prepare for 718 00:37:39,960 --> 00:37:40,600 Speaker 8: those guys. 719 00:37:40,680 --> 00:37:43,640 Speaker 2: See, this is why I get excited. MLB Hall of Famer, 720 00:37:43,800 --> 00:37:48,879 Speaker 2: ten time All Star pitcher, two time National League Cy 721 00:37:49,040 --> 00:37:54,279 Speaker 2: Young Award winner aka super Dude, Tom Glavitt. Thank you 722 00:37:54,360 --> 00:37:57,280 Speaker 2: so much, sir for joining us on the Bloomberg Business 723 00:37:57,280 --> 00:37:59,040 Speaker 2: of sports Man. It was an honor. We really do 724 00:37:59,120 --> 00:38:00,520 Speaker 2: appreciate it, my pleasure. 725 00:38:00,560 --> 00:38:01,640 Speaker 8: I enjoyed it. Thanks for having me. 726 00:38:01,960 --> 00:38:04,600 Speaker 2: This is the Bloomberg Business of sports. We are here 727 00:38:04,680 --> 00:38:07,719 Speaker 2: each and every week at the same time for my 728 00:38:07,800 --> 00:38:11,759 Speaker 2: colleagues Scarlett Foo and Damien Sassewer. I'm Michael barn Thanks 729 00:38:11,840 --> 00:38:14,160 Speaker 2: for joining us. Tune in again next week for the 730 00:38:14,239 --> 00:38:17,120 Speaker 2: latest on the stories moving big money in the world 731 00:38:17,160 --> 00:38:21,040 Speaker 2: of sports. You're listening to Bloomberg Business of Sports from 732 00:38:21,080 --> 00:38:23,400 Speaker 2: Bloomberg Radio around the world.