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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 the NBA, will 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 enjoyed 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 profession. Bloomberg Business of Sports from

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Speaker 1: Bloomberg Radio. This is the Bloomberg Business of Sports show,

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

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Speaker 1: of sports. I'm Michael Barne, I'm Scarlet Foo, you know

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Speaker 1: Mike Lynch. Coming up today, We're off to the Kentucky Derby.

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Speaker 1: Joining us is Bill Karstangin, chief executive officer of Churchill

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Speaker 1: Downs and stick around because later on the show we

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Speaker 1: speak with Dallas Mavericks chief executive officer Cynthia Marshall as

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Speaker 1: the Mavericks face the Phoenix Suns in the NBA Western

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Speaker 1: Conference semifinal. Straight ahead on the Bloomberg Business of Sports Show.

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Speaker 1: But first, let's look at some of the top stories

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Speaker 1: of the week, and let's begin with it. I wish

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Speaker 1: you guys could have heard the microphones that we're going

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Speaker 1: before we started the show. Scarlett, I've never seen her

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Speaker 1: nose flair like that in a long time. Uh. Let's

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Speaker 1: let's just say sports are colliding. They're colliding with the

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Speaker 1: shipping industry. In the battle over the proposed Oakland A's Ballpark. Now,

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Speaker 1: let's be honest, Scarlett. The the A's ballpark, let's say

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Speaker 1: it's a bit used. I'll put it there, dilapidated, Yeah,

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Speaker 1: I'll yeah, you can say that they want a new stadium,

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Speaker 1: like every team that plays in an old stadium that

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Speaker 1: has not you know, it doesn't have the latest do

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Speaker 1: dads and fancy amenities that the modern sports fan has

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Speaker 1: come to expect and like internet. Yeah, or I mean,

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Speaker 1: I have not been to the ballpark there in a

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Speaker 1: long time, um years, but I'm willing to bet it's

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Speaker 1: it's looking kind of shabby and the team obviously wants

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Speaker 1: a new stadium. And the question is whether they get

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Speaker 1: a new stadium in Oakland or whether they make good

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Speaker 1: on their threat to leave the state. There's now a

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Speaker 1: showdown between the A's and also the shipping industry, specifically

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Speaker 1: a bunch of shipping companies that are opposed to the

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Speaker 1: a's plans to build a new thirty or four thousand

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Speaker 1: seat stadium and hotel and residential development because of course

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Speaker 1: it's got to be part and parcel with something bigger,

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Speaker 1: right of commercial mixed use space that would eat up

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Speaker 1: some industrial land at the Port of Oakland. Uh, The

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Speaker 1: shipping companies say this would be misguided. It would eat

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Speaker 1: up space um at the container ports for imports. And

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Speaker 1: we know what's going on with container ports right now.

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Speaker 1: They're having trouble clearing everything. There's a supply chain issues,

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Speaker 1: there's a lot of backup, so they are kind of

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Speaker 1: holding that over everyone's head, saying this would just exacerbate it. Well,

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Speaker 1: what's the answer, Lynchi. Do the shipping magnets tell the

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Speaker 1: Oakland A's take your bat and ball and get out. Well,

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Speaker 1: right now, Dave Cavll of the A's wants to work

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Speaker 1: out a deal, but he needs a deal in place

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Speaker 1: by July. Obviously there's a fun timeline in place too.

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Speaker 1: There is, and you know he all used to do

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Speaker 1: was look across the bay where the Giants built their stadium,

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Speaker 1: and it's in the exact same It was a bunch

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Speaker 1: of it was a shipping port, uh that he went up.

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Speaker 1: They went up against the same resistance and it's been

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Speaker 1: just it revitalized the whole area. Same thing happened in Baltimore.

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Speaker 1: It's just an old factory out in right Field and

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Speaker 1: Camden Yards. They built this ballpark there. It revitalized the

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Speaker 1: whole area. Michael, You've seen what's happened in the city

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Speaker 1: of Detroit when the Tigers built their stadium down there.

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Speaker 1: Washington d C Did the same thing. I think they

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Speaker 1: have a chance here. I think it's a great plan.

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Speaker 1: It's going to be an intimate stadium, about thirty four

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Speaker 1: thousand people. It's near downtown. They'll get a lot of

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Speaker 1: foot traffic. And it's ironically the Port of Oakland is

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Speaker 1: in favor of it, and they're going against the shipping industry.

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Speaker 1: The port is okay with the new stadium. The shipping

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Speaker 1: companies don't want the new stadium. That's weird. Isn't it.

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Speaker 1: I just don't see how it's it's going to uh

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Speaker 1: retard the growth of the shipping industry down there. This

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Speaker 1: this this area that they're talking about down there hasn't

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Speaker 1: been used for close to a decade. Well, the key,

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Speaker 1: I think to any sports complex and is what Detroit did.

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Speaker 1: You've got America Park where the Tigers play, and right

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Speaker 1: next doors Forward Field where the Detroit Lions play, and

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Speaker 1: a short distance from there is Little Caesar's where the

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Speaker 1: Red Wings play. So and and also the Pistons they're

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Speaker 1: they're right there too, So everything is in that complex

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Speaker 1: there where before in the past you had the Pistons

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Speaker 1: they were out in Auburn Hills and then the Tigers

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Speaker 1: they were on Michigan in Trumbulls, so everything was separate.

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Speaker 1: But the complex today in Detroit is everything is together

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Speaker 1: and it's it's really revitalized the city. Yeah, there's there

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Speaker 1: are just so many examples which we just ran down

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Speaker 1: and hanging over this whole decision coming up in July

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Speaker 1: is the city of Las Vegas. They want a Major

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Speaker 1: League Baseball team. They want one desperately, and they have

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Speaker 1: made no secret at all that they would love to

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Speaker 1: go ahead, Okay, Scarlett, go ahead. Playing baseball in Las Vegas.

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Speaker 1: Would you want to watch a baseball game in Las

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Speaker 1: Vegas under the hot sun? Well, you know, they built

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Speaker 1: a new stadium in Arlington, Texas and its indoors Global

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Speaker 1: Life Stadium. It's because the temperature in Texas is so

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Speaker 1: very hot during during the summer. It'll be worse in Vegas. Well,

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Speaker 1: they have one in Miami with a retractable roof, and

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Speaker 1: they have one in Tampa which is a dome. In Vegas,

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Speaker 1: it would have to be an indoor stadium, absolutely, But

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Speaker 1: the financial benefits for the Oakland A's to move to

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Speaker 1: to move to Las Vegas maybe an offer they just

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Speaker 1: simply cannot refuse. The environmental price tag of that stadium

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Speaker 1: will will be pretty hefty too. I don't worry about

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Speaker 1: Las Vegas. It's a dry heat uh Naco bar famous

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Speaker 1: last words. Um wait wait, getting back to this big,

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Speaker 1: this Oakland A's new stadium that the Port of Oakland

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Speaker 1: is okay with? Who's paying for that? By the way,

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Speaker 1: because you know, if they look across the bay to

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Speaker 1: look at the San Francisco Giants, they got zero dollars

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Speaker 1: in public money to build their stadium. That's very good question. Uh,

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Speaker 1: we just recently came off the story where Buffalo the

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Speaker 1: NFL team. Uh, they they got a nice little deal

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Speaker 1: from the state govern the kick in for the stadium.

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Speaker 1: Not everybody was on board with that. UM So, I

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Speaker 1: don't know if you're gonna put public dollars now if

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Speaker 1: the A's one stay in Oakland and build a new

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Speaker 1: facility or where they moved, they're gonna are they going

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Speaker 1: to build a new facility and and will there be

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Speaker 1: taxpayer dollars? So we'll see. Anyway, my favorite part, by

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Speaker 1: the way, my favorite detail here in this whole story

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Speaker 1: is about how the UM shipping companies are worried that

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Speaker 1: there will be tens of thousands of fans who may

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Speaker 1: descend on the area on game days, disrupting disrupting traffic,

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Speaker 1: trucks and trains moving around the Yes, that's what I

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Speaker 1: was wondering too. Are there tens of thousands of A

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Speaker 1: fans that that show up every game? Last year they

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Speaker 1: averaged eight thousand, seven hundred per game. This year, they've

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Speaker 1: had a couple of games where they've had three thousand people. However,

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Speaker 1: they feel that because you there's very little public transportation.

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Speaker 1: You have to drive a car out to this. They

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Speaker 1: used to call at the Oakland mausole. This is California.

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Speaker 1: You drive a car everywhere anyway. You make good points, Scarlett.

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Speaker 1: But however, they think that this will change everything with

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Speaker 1: foot traffic in this new area. Okay, yeah, this sounds

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Speaker 1: great on a power point, but come on, like when

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Speaker 1: they play interleague games, yeah, against the Giants, then yeah,

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Speaker 1: maybe you'll get tens of thousands of fans. But you know,

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Speaker 1: if the A's are just playing the A's versus Tampa,

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Speaker 1: probably gonna get three thousand fans, correct, But they may

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Speaker 1: get twenty five thousand if they're downtown in the new

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Speaker 1: stadium on the water, just like the Giants did. When

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Speaker 1: the Giants were out of Candlestick. I mean, it was

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Speaker 1: brutally cold out there and they had horrible attendance. They

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Speaker 1: built this downtown stadium and it was you know, hitting

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Speaker 1: home runs into the Bay, McCovey cove um. It was

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Speaker 1: just it was a destination for people that they were

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Speaker 1: going out to northern California to go see the new

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Speaker 1: Giants ballpark. Oakland A's are thinking the same, hoping the

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Speaker 1: same thing would happen for them. I forgot they called

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Speaker 1: it them. That was very funny memories. I'm sorry how

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Speaker 1: it goes out, Oh, Glen's la made um. Is there

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Speaker 1: a federal solution for n I L legislation period that that?

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Speaker 1: I guess that's the big question. And the SEC is

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Speaker 1: Greg Sanky and the pack twelves got to talk to you,

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Speaker 1: by the way, Yes, yes we did, and they're going

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Speaker 1: to hear the Washington So let's put it this way,

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Speaker 1: Name Image and likeness legislation has changed the whole face

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Speaker 1: of college athletics, Scarlett, Is there a need for a

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Speaker 1: federal solution? Apparently the SEC Commissioner thinks so, and other

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Speaker 1: leaders in college athletics feel that there is. I want

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Speaker 1: to get more details. I I want to understand it specifically,

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Speaker 1: which issues require federal legislation when it comes to name,

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Speaker 1: image and likeness because clearly there is a lot of

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Speaker 1: discussion on what happens when these student athletes become kind

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Speaker 1: of like employees. But what are the specific scenarios that

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Speaker 1: they're worried about here, Well, they're worried about that. There's

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Speaker 1: this new term that has popped up. It's called collectives,

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Speaker 1: and it basically is just a kitty or it's a

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Speaker 1: fund that certain schools are funding to retain current players

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Speaker 1: so they don't trans for more importantly, entice high school recruits,

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Speaker 1: and maybe poach from other schools as well. Now some

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Speaker 1: of them have millions of dollars. Eric Dickerson has put

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Speaker 1: a million dollars himself into a fund for Southern Methodist

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Speaker 1: University for to to achieve those three goals. Retain current players,

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Speaker 1: entice high school players, and poach others. One of the

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Speaker 1: problems is is remember when Nick Saban came out and said, well,

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Speaker 1: our quarterback just got a nine hundred thousand dollar deal

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Speaker 1: with you know, Michael Barr's Chevrolet and um, so automatically

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Speaker 1: I said why would he say that? And I said, well,

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Speaker 1: obviously the reason is it's a great recruiting tool. So

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Speaker 1: they want to be able to ban schools from using

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Speaker 1: it as a recruiting tool. Um. The University of Texas

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Speaker 1: has a fund called Burnt b u r n t Ends,

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Speaker 1: so all the tight ends, if there's three of them

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Speaker 1: on the team, they split seventy thousand dollars a year.

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Speaker 1: Because some alumni used to be a tight end. And yeah,

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Speaker 1: he donates seventy so each one of those guys was,

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Speaker 1: you know, with three guys these seventy thousand three ways

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Speaker 1: and can not even step on the field and play

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Speaker 1: a game, but you're gonna get part of that money.

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Speaker 1: So they want to regulate this and maybe maybe put

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Speaker 1: a I don't know if they can put a cap

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Speaker 1: on the on the amount of money that players are getting.

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Speaker 1: But it used to be illegal for donors. Maybe we

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Speaker 1: would watch all these movies, you know, but there was

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Speaker 1: one with Michael um Anthony Michael Hall being recruited by

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Speaker 1: Texas State and somebody else and they had, you know,

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Speaker 1: shiny leather boots and you know, all kinds of cash

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Speaker 1: coming in and they want to they want to eliminate

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Speaker 1: all of that. So it's like going back to the

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Speaker 1: to the good old days when people are doing things

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Speaker 1: under the table. Now they can do them on top

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Speaker 1: of the table because they're legal, but they're just so

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Speaker 1: far over the top. But every state has different regulations.

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Speaker 1: So for instance, in the Southeastern Conference, they have teams

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Speaker 1: in Alabama and Georgia and Texas and Louisiana, uh, you

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Speaker 1: name it all the way through, and there's no one

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Speaker 1: set of rules and that's what the the two commissioners

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Speaker 1: and meeting with the senators for to try to get

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Speaker 1: some national regulation. So it sounds like they're also reaching

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Speaker 1: out to I mean, do they reach out to Democratic

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Speaker 1: senators or Republican senators are because well, I know, but

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Speaker 1: this this is partly federal legislation versus States rights, isn't it.

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Speaker 1: Well yeah, but I mean it's that's what I'm saying.

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Speaker 1: It doesn't make a difference whether which side it is.

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Speaker 1: Money's money. It doesn't make a difference whether it's red

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Speaker 1: or blue. Here it's the color is green. And it's

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Speaker 1: what it comes down to this question. Is a college

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Speaker 1: athlete and employee of the university. That's what this whole

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Speaker 1: thing now comes down to. They're not because they don't

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Speaker 1: get paid their employees of wherever they get their sponsorship

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Speaker 1: or anything else they get paid from, see their free agents.

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Speaker 1: It's I see, that's my point. I don't know what

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Speaker 1: to do. That's what's become of it now. Of course,

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Speaker 1: you know, you know, my motto is like get what

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Speaker 1: you can while you can, and get paid. But I

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Speaker 1: think that's their motto too. Summed it up really nicely,

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Speaker 1: Michael mar that's Detroit talking. Anyway. Uh, this final story, obviously,

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Speaker 1: this is a very serious story. The w NBA season

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Speaker 1: has started and Brittney Grinder is not there, obviously because

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Speaker 1: she is still being held in a Russian jail and

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Speaker 1: she's been there since February. What happens here, Scarlett? I mean, yes,

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Speaker 1: the US is is trying its best to get her

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Speaker 1: to come back, but you're talking about the most valuable

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Speaker 1: player in the w n b A. What's going to

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Speaker 1: happen to her? I mean, we know that on the outside,

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Speaker 1: the US will continue to back channel and work on

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Speaker 1: a way to free her. But obviously everything is complicated

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Speaker 1: by Russia's invasion of Ukraine in the ongoing war. But

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Speaker 1: I think what's interesting here is the backdrop for why

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Speaker 1: Brittney Grinder even was in Russia. She might be the

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Speaker 1: star of the w n b A, but she doesn't

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Speaker 1: earn a whole lot because there's a salary cap, and

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Speaker 1: so she has to spend time in Russia, where she's

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Speaker 1: done really well. She racked up four EuroLeague titles and

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Speaker 1: gets paid better. And it's all about trying to monetize

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Speaker 1: her on her talent because she can't get paid what

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Speaker 1: she believes she's worth in the US. Yeah, that the

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Speaker 1: top salary I believe is around two thousand dollars from

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Speaker 1: the w n b A and their season runs from

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Speaker 1: May to September early October, almost like the baseball season.

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Speaker 1: So in the off season, as Scarlett just said, they

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Speaker 1: go to Australia, they go to China, they go to France,

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Speaker 1: they go to Russia where they can sometimes triple their

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Speaker 1: w NBA salary, and but obviously there comes with some risks,

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Speaker 1: especially now with Russia and Ukraine. UM, there have been

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Speaker 1: some cash infusions. In February, Linda presuited Henry who's the

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Speaker 1: wife of John Henry of Family Sports Group in the

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Speaker 1: Red Sox. Uh, they had a capital infusion to the

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Speaker 1: w n b A of seventy million dollars, which which

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Speaker 1: really was a big, big book. And they're hoping that

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Speaker 1: soon that the top salary can be close to a

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Speaker 1: half a million dollars. And Kathy Engelbert now is that

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Speaker 1: the commissioner who we've had on this show is going

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Speaker 1: to issue some fines if some of the players stay

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Speaker 1: over in their overseas and don't show up on time

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Speaker 1: for training camp. And she also has threatened to say

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Speaker 1: if that some people may even be kicked off their

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Speaker 1: teams if they don't show up in April when training

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Speaker 1: camp is supposed to start. Should add to that, Brittney

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Speaker 1: Grinder made about a million dollars while she was playing

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Speaker 1: in Russia, so you can see the salary difference, the necessity.

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Speaker 1: I wouldn't even say the appeal to necessity. Right up

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Speaker 1: next on the show, we speak with Bill Kristangan, chief

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Speaker 1: executive officer of Churchill Downs. As we talk Derby joining

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Speaker 1: us is Bill? Welcome Bill, Thanks Mike, It's great to

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Speaker 1: be here, all right. So it's the CEO. Do you

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Speaker 1: get goose bumps like other people do? I mean, going

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Speaker 1: into this week, I still do. I it's a busy week,

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Speaker 1: but it's a lay of love. So I'm as excited

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Speaker 1: as most of the fans. So yeah, I get goose bumps.

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Speaker 1: I love doing what I do, and that's true for

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Speaker 1: most of our team. This is this is a lot

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Speaker 1: of fun, a lot of work, but a lot of fun,

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Speaker 1: and it always feels it always feels good when it

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Speaker 1: comes off successfully. I know the work for Derby probably

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Speaker 1: started within an hour after Derby. What's on your checklist

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Speaker 1: going into the final few days before post time. So

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Speaker 1: many things on the front side. It's just making sure

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Speaker 1: people can get in and out of the facility, make

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Speaker 1: sure we have all the people we need to to

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Speaker 1: provide the service that our that our guests expect, making

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Speaker 1: sure the horses are here, that they're being monitored, that

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Speaker 1: they're safe, that they're ready to go. Trying to control

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Speaker 1: just about everything we can think of to control, and

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Speaker 1: trying not to worry about the thing we can't control,

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Speaker 1: which is always the weather. We we we run an

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Speaker 1: outdoor event, so a lot of our guests are undercover.

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Speaker 1: They're in nice areas, high end areas, but ultimately this

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Speaker 1: is an outdoor event, and the horses running the rain

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Speaker 1: or the shine, and a lot of our guests by

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Speaker 1: general admission passes, so they're out there. They take the

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Speaker 1: weather as it comes, and as much as over the years,

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Speaker 1: you try to learn to not be concerned about things

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Speaker 1: you can't control. Just prepare for whatever to happen. That's

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Speaker 1: always the thing. In the last twenty four hours we

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Speaker 1: talked about the most, but I guess that means also

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Speaker 1: we've we've gotten all the things we need to get

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Speaker 1: done there's gonna be a different vibe this year because

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Speaker 1: of COVID last year, I think your capacity was maxed out.

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Speaker 1: At what are you expecting for this derby? We're going

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Speaker 1: to be back to uh to pre COVID protocols and expectations,

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Speaker 1: So I I think a good number to think of

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Speaker 1: for our event is around one fifty. If I had

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Speaker 1: to take the under the over, I take the over

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Speaker 1: on that. So we're expecting a full house with the

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Speaker 1: with the enthusiasm and the excitement that that we've seen

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Speaker 1: every year up through two thousand nineteen. We had a

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Speaker 1: bit of a disruption as the rest of the country

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Speaker 1: did be because of COVID. But I you're being on

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Speaker 1: the ground here living in this community like I do,

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Speaker 1: I've never seen it more excited and more intense and

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Speaker 1: more focused on the Derby than than now. So UM,

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Speaker 1: I think we're gonna be looking at big numbers. And

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Speaker 1: I said on our earnings called a week or so ago,

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Speaker 1: I think we're looking at setting all of the financial metrics.

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Speaker 1: Attendance at the end of the day is impacted a

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Speaker 1: little bit because we always have a fair amount of

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Speaker 1: walk ups. People that make a game day decision of

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Speaker 1: whether they want to come or not. And part of

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Speaker 1: that calculus they run is what does the weather look

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Speaker 1: like that day? So if it turns out to be

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Speaker 1: strong weather, then then it'll be a gigantic crowd if

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Speaker 1: it If it turns out where we might have some rain,

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Speaker 1: and the forecast in the Ohio River Valley is always

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Speaker 1: always iffy right up to the last minute. But if

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Speaker 1: it looks like we might have some rain, then then

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Speaker 1: you see some people don't show up. But I think

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Speaker 1: we're looking at one fifty minimum and maybe maybe more

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Speaker 1: depending on good weather. Oh. My co host Michael Barrow

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Speaker 1: had a little trouble getting out of the gate. When

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Speaker 1: the when when the bell sounded like he's currently in

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Speaker 1: last place, but he's in the race and he's joining

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Speaker 1: us now. Michael, welcome the board. Say hi to Bill, Hi,

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Speaker 1: how are you? I threw a shoe and then everything

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Speaker 1: just win. All the pieces here my day, all this

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Speaker 1: new fangled stuff. We just turned the butter. We were

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Speaker 1: happy to have it. Well, it's nice to meet your

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Speaker 1: via via telephone here, Mike and I've been having fun

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Speaker 1: so far. Oh, I've been hearing it. Thank thank you

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Speaker 1: for your patience, and I know you're on a clock,

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Speaker 1: but I do have uh something on my mind about

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Speaker 1: Churchill Down, and it's the history of the track itself

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Speaker 1: that always excited me. I mean, I think of so

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Speaker 1: many of the Triple Crown winners when from secretariat winning

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Speaker 1: the first leg there, I'm affirmed I can go on

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Speaker 1: the history itself of the track. Can you tell us

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Speaker 1: what that means? And and how do you approach that

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Speaker 1: for people coming to the to say, hey, you see

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Speaker 1: what we're all about? Sure, so this is derby and

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Speaker 1: so the tracks started in eighteen seventy five and ran

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Speaker 1: the first Derby in eighteen seventy five, and it's been

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Speaker 1: run continuously every single year since that time. So we're

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Speaker 1: the longest continually run sporting events, uh in the United States.

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Speaker 1: And our facility has changed and morphed over the time

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Speaker 1: over time. A lot of times when people think of

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Speaker 1: Churchill Downs, you know, it's it's a painted white, it's

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Speaker 1: got this grand um grand appearance. Uh. But but actually

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Speaker 1: if you see a picture from eighteen seventy five, you

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Speaker 1: realize how far the facility has come and how it's

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Speaker 1: changed over time. Our most significant architectural feature is called

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Speaker 1: the twin spires, and that actually was built in eighteen

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Speaker 1: So while there are just an incredible amount of traditions,

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Speaker 1: an incredible focus on everything we do that might modify

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Speaker 1: our facility or modify the tradition, one of the things

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Speaker 1: that have kept us fresh, I think over time has

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Speaker 1: been our willingness to work within these traditions, to find

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Speaker 1: new ways, to morph with the customers, to morph with

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Speaker 1: the time. I think that's actually part of the legacy

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Speaker 1: of how we've gone a hundred and forty years and

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Speaker 1: are at a place now where we're healthier than we've

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Speaker 1: ever been, super strong company, super strong results. Part of

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Speaker 1: it is our our willingness to change with our guests,

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Speaker 1: but ultimately we change anything about our facility, and we've

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Speaker 1: changed a lot, we get a lot of feedback. For example,

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Speaker 1: one time in the last ten years or so, we

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Speaker 1: were repainting the track and the version of white paint

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Speaker 1: that we've historically used was no longer available because the

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Speaker 1: manufacturer was no longer making it. So we found something

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Speaker 1: close that I couldn't tell the difference of, but it

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Speaker 1: was slightly different because we couldn't find the exact same thing,

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Speaker 1: And people notice that and wrote us letters about that.

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Speaker 1: If we change anything, it sparks conversation and it's debate.

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Speaker 1: But being willing to change, being willing to modify traditions

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Speaker 1: and make new traditions, change old traditions, that's something we

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Speaker 1: have to think about because obviously we can't run the

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Speaker 1: business the way we do now like we did in

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Speaker 1: eighteen seventy five. It's got to change with our guests.

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Speaker 1: But we take that very very seriously. And when you

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Speaker 1: work at Churchill Downs, sometimes you feel like you work

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Speaker 1: for a public institution. You feel like you work for

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Speaker 1: something that's owned by by the citizens, and it's not

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Speaker 1: a private company in our case where a publicly traded company,

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Speaker 1: but you feel like it's a national treasure and you

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Speaker 1: have this higher obligation to to make sure you listen

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Speaker 1: and reflect the views of the community. And at first

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Speaker 1: that sometimes can be a bit, you know, it can

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Speaker 1: be a bit overwhelming because you hear so many voices,

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Speaker 1: But learning to listen to those voices and categorize the

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Speaker 1: different views are part of what ultimately one of the

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Speaker 1: ways one of the reasons the job is so much fun.

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Speaker 1: Working here for everybody is so much fun. Bill Kristangian,

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Speaker 1: chief Executive Officer Churchill Downs. If we were horses Lynch,

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Speaker 1: he would be secretariat. I would be Mr Ed. Thank

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Speaker 1: you so much for joining us, and thank you for

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Speaker 1: your patience. I appreciate it. Thanks very much, Happy Derby.

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Speaker 1: Let's welcome Cynthia Marshall, who is the chief executive officer

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Speaker 1: of the Dallas Mavericks and is joining us from Dallas. Oh,

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Speaker 1: thank you for having me. Thank you for having me.

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Speaker 1: I just got in from Phoenix early this morning, about

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Speaker 1: three o'clock, so I got a little rested. I'm ready

429
00:23:35,240 --> 00:23:38,520
Speaker 1: for you, man. That's I appreciate that because I know

430
00:23:38,560 --> 00:23:41,520
Speaker 1: if I got in at three o'clock, Uh, y'all wouldn't

431
00:23:41,520 --> 00:23:44,520
Speaker 1: be hearing from me until Saturday. So I appreciate that.

432
00:23:44,720 --> 00:23:47,399
Speaker 1: Thank you. Come on now you do I have to

433
00:23:47,480 --> 00:23:52,280
Speaker 1: join the crew this morning. Look, I'm gonna start with

434
00:23:52,320 --> 00:23:55,840
Speaker 1: the most obvious question out there, and everybody wants to know.

435
00:23:56,040 --> 00:23:59,920
Speaker 1: You got an high profile owner, Mark Cuban. What is

436
00:24:00,040 --> 00:24:05,000
Speaker 1: it like working for him? It is an adventure a day. Uh.

437
00:24:05,160 --> 00:24:09,760
Speaker 1: He is awesome. He keeps his promises. H He promised

438
00:24:09,800 --> 00:24:12,679
Speaker 1: me he'd uh teach me the business of basketball and

439
00:24:12,720 --> 00:24:14,960
Speaker 1: helped others teach me the business of basketball when I

440
00:24:15,000 --> 00:24:19,040
Speaker 1: took this job. Uh, and he has come through on that. Uh.

441
00:24:19,040 --> 00:24:22,200
Speaker 1: He is you know how they say some people think

442
00:24:22,240 --> 00:24:25,679
Speaker 1: they're the smartest person in the room. Us, he is

443
00:24:26,720 --> 00:24:30,240
Speaker 1: in the room, even even though he downplays it and

444
00:24:30,240 --> 00:24:32,720
Speaker 1: he'll say, oh, no, no, everybody knows that. No, He's

445
00:24:32,760 --> 00:24:36,320
Speaker 1: a pretty smart, innovative guy. And what I love about

446
00:24:36,400 --> 00:24:39,240
Speaker 1: him he has a huge heart. Um, and he does

447
00:24:39,280 --> 00:24:41,520
Speaker 1: a lot of stuff behind the scenes to help people.

448
00:24:41,600 --> 00:24:44,080
Speaker 1: And I love that because I'm all about compassion and

449
00:24:44,080 --> 00:24:47,040
Speaker 1: helping people, and he's all about you know, our team

450
00:24:47,280 --> 00:24:50,119
Speaker 1: and the players and and he's about just making life

451
00:24:50,240 --> 00:24:54,240
Speaker 1: better for people. So it's great working for him. We

452
00:24:54,280 --> 00:24:57,760
Speaker 1: have a we have a great relationship. Uh. He's no nonsense.

453
00:24:57,840 --> 00:24:59,560
Speaker 1: I like that a lot. I've got a lot of

454
00:24:59,600 --> 00:25:01,879
Speaker 1: bosses in my life, and so I like that. You know,

455
00:25:01,920 --> 00:25:04,400
Speaker 1: what you see is what you get. And he's very

456
00:25:04,480 --> 00:25:07,040
Speaker 1: very supportive and intuitive, like he just kind of knows

457
00:25:07,200 --> 00:25:10,600
Speaker 1: what I need to hear from him. So, so before you,

458
00:25:11,320 --> 00:25:15,640
Speaker 1: before you moved over to basketball and to Mark Cuban's enterprise,

459
00:25:16,119 --> 00:25:18,560
Speaker 1: you had a thirty six year career at a teen

460
00:25:18,600 --> 00:25:21,600
Speaker 1: t You also worked at dal Chemical, So you've worked

461
00:25:22,080 --> 00:25:24,560
Speaker 1: in different positions in corporate America. You didn't know much

462
00:25:24,600 --> 00:25:27,840
Speaker 1: about basketball before you joined the Mavericks. Um, what did

463
00:25:28,000 --> 00:25:31,520
Speaker 1: Mark Cuban teach you about basketball specifically that you really

464
00:25:31,720 --> 00:25:35,159
Speaker 1: now have learned to appreciate about the sport and the

465
00:25:35,200 --> 00:25:39,240
Speaker 1: overall sports industry. What what I thank you for that question?

466
00:25:39,280 --> 00:25:42,480
Speaker 1: What what I've learned is, first of all, I've learned

467
00:25:42,640 --> 00:25:46,679
Speaker 1: the true business side of it. What it takes to uh,

468
00:25:46,760 --> 00:25:49,439
Speaker 1: you know, to to to fill up an arena, and

469
00:25:49,480 --> 00:25:51,320
Speaker 1: the fact that there's a lot of things that go

470
00:25:51,480 --> 00:25:55,280
Speaker 1: behind the scenes to make sure we have nineteen thousand

471
00:25:55,440 --> 00:25:58,159
Speaker 1: or twenty thousand people in our arena every time we

472
00:25:58,240 --> 00:26:00,840
Speaker 1: opened for a home game, which is forty one times,

473
00:26:00,880 --> 00:26:03,600
Speaker 1: and that it's more than just you know, telling people

474
00:26:03,600 --> 00:26:07,280
Speaker 1: to buy tickets. That there's the whole branding aspect of it. Uh,

475
00:26:07,320 --> 00:26:11,639
Speaker 1: the goes with it. Uh, there's uh, there's some mechanics

476
00:26:11,960 --> 00:26:14,159
Speaker 1: uh that go with it. Uh, there's the right kind

477
00:26:14,160 --> 00:26:16,960
Speaker 1: of staff that you have to have. UM. I've learned

478
00:26:17,000 --> 00:26:20,639
Speaker 1: about just the whole notion of you know, how to

479
00:26:20,680 --> 00:26:23,800
Speaker 1: how to support players and how to how to support

480
00:26:23,840 --> 00:26:26,800
Speaker 1: them off the court, and and and what that means.

481
00:26:27,160 --> 00:26:33,360
Speaker 1: UH learned about partnerships, learned about this sports analytics and

482
00:26:33,440 --> 00:26:36,600
Speaker 1: the what you have to look at to make sure

483
00:26:36,720 --> 00:26:39,960
Speaker 1: that uh you're you're able to meet those goals. And

484
00:26:40,280 --> 00:26:43,080
Speaker 1: I'm a basketball fan. I mean, so I uh I've

485
00:26:43,080 --> 00:26:46,160
Speaker 1: watched basketball, I mean just as long as I can remember,

486
00:26:46,600 --> 00:26:50,400
Speaker 1: but I never knew about the business side and how

487
00:26:50,480 --> 00:26:54,200
Speaker 1: to actually uh lead and run a team and all

488
00:26:54,240 --> 00:26:57,240
Speaker 1: of the things that go behind the scenes. And so

489
00:26:57,320 --> 00:27:00,240
Speaker 1: he has exposed me to all of that and helped

490
00:27:00,240 --> 00:27:02,800
Speaker 1: me figure out what to prioritize, what to kind of

491
00:27:02,840 --> 00:27:05,040
Speaker 1: lead to my lead to my people, and the things

492
00:27:05,040 --> 00:27:08,520
Speaker 1: that I need to focus on, uh just about every day.

493
00:27:08,680 --> 00:27:10,679
Speaker 1: And so it's it's been interesting. I mean, I grew

494
00:27:10,760 --> 00:27:14,360
Speaker 1: up in telecommunications or you know, the communications and entertainment industry,

495
00:27:15,000 --> 00:27:17,000
Speaker 1: but I didn't know a thing about running a basketball

496
00:27:17,480 --> 00:27:19,119
Speaker 1: I have a quick tease help me with that. I

497
00:27:19,160 --> 00:27:21,919
Speaker 1: have a quick follow up question. You mentioned data and analytics.

498
00:27:22,359 --> 00:27:26,159
Speaker 1: What's your favorite data point? Oh? Probably, well, probably my

499
00:27:26,240 --> 00:27:29,240
Speaker 1: favorite data point is our drop count and how many

500
00:27:29,280 --> 00:27:32,640
Speaker 1: people actually show up to a game versus how many

501
00:27:33,000 --> 00:27:36,560
Speaker 1: uh tickets we've actually distributed, and then going deeper in

502
00:27:36,640 --> 00:27:39,840
Speaker 1: that to see who didn't show up and trying to

503
00:27:39,880 --> 00:27:42,680
Speaker 1: figure out the demographics and the reason maybe why people

504
00:27:43,280 --> 00:27:46,720
Speaker 1: don't show up two games. Fortunately, I drop count is

505
00:27:46,840 --> 00:27:49,360
Speaker 1: very very high, but I still like to know who

506
00:27:49,359 --> 00:27:51,720
Speaker 1: didn't show up and why. So I like to uh

507
00:27:52,080 --> 00:27:55,080
Speaker 1: dig into that. I like looking at our social media

508
00:27:55,160 --> 00:27:59,199
Speaker 1: footprint and uh it continues to go up. Uh and

509
00:27:59,240 --> 00:28:01,439
Speaker 1: it's going up in an actually, so I like to

510
00:28:01,480 --> 00:28:03,960
Speaker 1: dig into that and figure out what will it take

511
00:28:04,000 --> 00:28:06,919
Speaker 1: to get more people to follow our team. Hi sentence

512
00:28:06,960 --> 00:28:10,399
Speaker 1: Mike Lynch. I'm up in Boston, Um, how are you.

513
00:28:10,600 --> 00:28:13,240
Speaker 1: I'm doing great. I'm so excited to talk. Going in Boston.

514
00:28:13,320 --> 00:28:18,880
Speaker 1: I'm going to graduating from Boston University. Oh my dad

515
00:28:18,920 --> 00:28:21,280
Speaker 1: went there. Good for you. That's uh, that'll be fun

516
00:28:21,320 --> 00:28:23,560
Speaker 1: up here, yep. And maybe you'll catch a Celtics playoff game.

517
00:28:23,600 --> 00:28:30,840
Speaker 1: Who knows how I got my own playoff game. Um.

518
00:28:30,840 --> 00:28:34,440
Speaker 1: When you took over the CEO of the Mavericks for

519
00:28:34,560 --> 00:28:36,879
Speaker 1: lack of a better work, the the the allegations of

520
00:28:36,880 --> 00:28:40,400
Speaker 1: the work environment, we're very toxic. Um. Do you think

521
00:28:40,440 --> 00:28:43,640
Speaker 1: your impact and your imprint and is on the franchise

522
00:28:43,760 --> 00:28:47,080
Speaker 1: right now? Yes? I think I think the culture that

523
00:28:47,080 --> 00:28:50,320
Speaker 1: that I envisioned and that Mark envision which you know

524
00:28:50,360 --> 00:28:53,160
Speaker 1: he hired me to to to change the culture and

525
00:28:53,200 --> 00:28:54,960
Speaker 1: also you know, lead the business side of the team.

526
00:28:55,640 --> 00:28:58,560
Speaker 1: I think the culture that we envisioned a culture that

527
00:28:58,680 --> 00:29:01,240
Speaker 1: said this would be a place for every voice matters

528
00:29:01,240 --> 00:29:06,160
Speaker 1: and everybody belongs. A culture, uh that is about respect

529
00:29:06,880 --> 00:29:10,640
Speaker 1: for people and treating people fairly. I think a culture

530
00:29:10,680 --> 00:29:13,880
Speaker 1: that focuses on diversity, equity and inclusion. Uh. That's a

531
00:29:14,000 --> 00:29:17,000
Speaker 1: vision that we we had that we set the standard

532
00:29:17,040 --> 00:29:19,719
Speaker 1: for that in the NBA, and I think we've done that,

533
00:29:19,880 --> 00:29:22,280
Speaker 1: and so I do think we've had an impact. I

534
00:29:22,560 --> 00:29:25,920
Speaker 1: don't take soul credit for it, not by any means. Yes,

535
00:29:25,960 --> 00:29:28,280
Speaker 1: I did put layout of vision and a set of

536
00:29:28,360 --> 00:29:31,640
Speaker 1: values and a one day plan, but it took a

537
00:29:31,760 --> 00:29:35,320
Speaker 1: lot of us, a lot of us to execute on it.

538
00:29:35,400 --> 00:29:37,760
Speaker 1: And so it is. Uh, it is a new culture.

539
00:29:37,840 --> 00:29:39,840
Speaker 1: It's a new day. We are not perfect. We still

540
00:29:39,880 --> 00:29:42,760
Speaker 1: have just you know, normal workplace stuff that goes on.

541
00:29:43,360 --> 00:29:46,720
Speaker 1: But it is not a toxic environment. It is not

542
00:29:47,280 --> 00:29:50,000
Speaker 1: the culture that was talked about in that Sports Illustrated

543
00:29:50,120 --> 00:29:53,960
Speaker 1: article four years ago. I love calling you said, this

544
00:29:54,160 --> 00:29:55,880
Speaker 1: is great. I love it. It's like it's like on

545
00:29:55,920 --> 00:29:58,200
Speaker 1: this Kentuckut. Every weekend. I feel like I'm throwing back

546
00:29:58,240 --> 00:30:04,920
Speaker 1: a bunch of Julips talking to so Sid. Listen, you

547
00:30:05,120 --> 00:30:08,440
Speaker 1: broke a ceiling and UH great. You were the first

548
00:30:08,520 --> 00:30:12,880
Speaker 1: African American woman to hold the CEO role for any

549
00:30:13,320 --> 00:30:16,840
Speaker 1: NBA team. Take us through that and what that experience

550
00:30:16,920 --> 00:30:20,520
Speaker 1: was like. Well, first of all, UH, and I've been

551
00:30:20,600 --> 00:30:23,200
Speaker 1: first many times in my life, and I didn't know

552
00:30:23,240 --> 00:30:25,600
Speaker 1: I was first, And that's that's usually what happens when

553
00:30:25,600 --> 00:30:28,320
Speaker 1: your first. You don't know your first. But usually what

554
00:30:28,440 --> 00:30:31,640
Speaker 1: happened is UH. And in this case with Mark, he

555
00:30:31,720 --> 00:30:33,360
Speaker 1: wasn't trying to make history. He was just trying to

556
00:30:33,360 --> 00:30:35,920
Speaker 1: make a difference for his employees. And so he asked

557
00:30:35,920 --> 00:30:38,160
Speaker 1: me to do a job that I prayed about and

558
00:30:38,200 --> 00:30:41,360
Speaker 1: thought I was actually equipped to do and said yes,

559
00:30:41,720 --> 00:30:44,080
Speaker 1: and laid out a plan based on my thirty six

560
00:30:44,160 --> 00:30:45,880
Speaker 1: years at A T and T and what I knew

561
00:30:45,880 --> 00:30:51,000
Speaker 1: about UH leading organizations and transforming cultures. And so when

562
00:30:51,760 --> 00:30:54,320
Speaker 1: someone in a Today's show interview asked me, how was

563
00:30:54,360 --> 00:30:56,920
Speaker 1: it being first? And I said, you gotta be kidding,

564
00:30:57,080 --> 00:30:59,080
Speaker 1: And at that time it was two thousand nineteen, I said,

565
00:30:59,120 --> 00:31:01,560
Speaker 1: there's no way on first than anything. UH. In two

566
00:31:01,600 --> 00:31:04,640
Speaker 1: thousand and nineteen and he goes, no, your first, and

567
00:31:04,680 --> 00:31:06,800
Speaker 1: I said, okay, well, actually that's that's kind of sad,

568
00:31:07,200 --> 00:31:09,840
Speaker 1: but I guess it's better make sure I'm not the last.

569
00:31:10,200 --> 00:31:12,720
Speaker 1: And that's usually what it does for me. It makes

570
00:31:12,760 --> 00:31:15,800
Speaker 1: me just want to really do a great job so

571
00:31:15,920 --> 00:31:19,080
Speaker 1: that there will be no hesitation on anybody's part if

572
00:31:19,080 --> 00:31:20,920
Speaker 1: they picked somebody who looks like me to do a

573
00:31:20,960 --> 00:31:23,920
Speaker 1: big job, that in fact, they will want somebody who

574
00:31:23,960 --> 00:31:26,080
Speaker 1: looks like me to do a great job. And then

575
00:31:26,200 --> 00:31:27,640
Speaker 1: I have to make sure I do a great job

576
00:31:27,720 --> 00:31:30,120
Speaker 1: so the people coming behind me can. We kind of

577
00:31:30,160 --> 00:31:32,720
Speaker 1: want to do it because sometimes, especially in some of

578
00:31:32,760 --> 00:31:34,920
Speaker 1: our communities, you need to see it and you need

579
00:31:34,960 --> 00:31:38,320
Speaker 1: to see what's possible. So I focus a lot on that,

580
00:31:38,480 --> 00:31:41,040
Speaker 1: and then I focus on the pipeline. So if I'm

581
00:31:41,080 --> 00:31:42,480
Speaker 1: the first, I don't want to be the last. So

582
00:31:42,480 --> 00:31:44,240
Speaker 1: I want to make sure I'm doing my part to

583
00:31:44,280 --> 00:31:47,200
Speaker 1: develop people coming up behind me. So you know, I

584
00:31:47,240 --> 00:31:49,040
Speaker 1: just have a job to do. So being first is

585
00:31:49,120 --> 00:31:51,680
Speaker 1: just like, Okay, I got better do a great job.

586
00:31:52,600 --> 00:31:54,120
Speaker 1: But it's not like I think I have to prove

587
00:31:54,160 --> 00:31:57,000
Speaker 1: something every day. Already somebody selected me for the job,

588
00:31:57,080 --> 00:32:00,680
Speaker 1: so clearly I bring something to the party, so I

589
00:32:00,680 --> 00:32:03,000
Speaker 1: don't I don't focus on it too much. Well, thank

590
00:32:03,000 --> 00:32:05,880
Speaker 1: you for answering that and and that article UM that

591
00:32:06,080 --> 00:32:09,560
Speaker 1: Mike Glinch was referring to us from. And we know

592
00:32:09,680 --> 00:32:14,160
Speaker 1: that Mavericks won the Inclusion Leadership Award given by the

593
00:32:14,280 --> 00:32:16,320
Speaker 1: n b A. It's the second straight time the team

594
00:32:16,320 --> 00:32:20,200
Speaker 1: has actually won the award. One we're combined due to COVID.

595
00:32:20,880 --> 00:32:26,120
Speaker 1: That's a pretty remarkable turnaround if you think, um from

596
00:32:26,280 --> 00:32:29,880
Speaker 1: you turned around the culture, got rid of the toxicity,

597
00:32:30,000 --> 00:32:33,440
Speaker 1: and turn this team into something that was worthy of

598
00:32:33,480 --> 00:32:37,080
Speaker 1: inclusion leadership. Can you talk us through a little bit

599
00:32:37,080 --> 00:32:38,760
Speaker 1: about how you did that? I mean, what was the

600
00:32:38,840 --> 00:32:40,800
Speaker 1: first thing you knew you had to do going into

601
00:32:40,840 --> 00:32:45,480
Speaker 1: this organization to fix things? Okay, thank you for bringing

602
00:32:45,480 --> 00:32:47,680
Speaker 1: that up, because we're I'm so proud of my team

603
00:32:47,720 --> 00:32:50,320
Speaker 1: and we're pretty happy about winning that ward, you know,

604
00:32:50,840 --> 00:32:54,120
Speaker 1: twice in a row. The first thing really that I

605
00:32:54,160 --> 00:32:57,120
Speaker 1: did was layout a vision that said we would set

606
00:32:57,160 --> 00:33:00,000
Speaker 1: the global standard in the NBA for diversity and inclusions.

607
00:33:00,120 --> 00:33:02,200
Speaker 1: And the reason I focused on that even as the

608
00:33:02,200 --> 00:33:05,160
Speaker 1: CEO of the team is because I believe in the

609
00:33:05,160 --> 00:33:08,120
Speaker 1: business case. I truly believe and I've experienced it that

610
00:33:08,160 --> 00:33:10,920
Speaker 1: when you have a diverse group of people around the table,

611
00:33:11,040 --> 00:33:15,600
Speaker 1: when you have diverse organization, when you have an inclusive environment,

612
00:33:15,760 --> 00:33:19,240
Speaker 1: it impacts the bottom line. Your business results are better,

613
00:33:19,400 --> 00:33:23,240
Speaker 1: You make better decisions, UH, you are more insightful with

614
00:33:23,320 --> 00:33:25,280
Speaker 1: your customers. You can win the more for talent. I

615
00:33:25,280 --> 00:33:27,720
Speaker 1: mean just the whole business case. I've lived it and

616
00:33:27,760 --> 00:33:30,160
Speaker 1: it's true. And so that's why I laid that out

617
00:33:30,680 --> 00:33:33,080
Speaker 1: as a vision and explain that to our employees. UH.

618
00:33:33,120 --> 00:33:35,280
Speaker 1: Then we laid out a set of value the Spells

619
00:33:35,320 --> 00:33:40,480
Speaker 1: Crafts character, respect, authenticity which is big in this space, Fairness, teamwork,

620
00:33:40,480 --> 00:33:43,640
Speaker 1: in safety. But we also laid out diversity, equity and

621
00:33:43,640 --> 00:33:47,120
Speaker 1: inclusion agenda about the Spells Crafts And it was about

622
00:33:47,120 --> 00:33:49,720
Speaker 1: our customers. Wanted to make sure we serve them the

623
00:33:49,720 --> 00:33:51,200
Speaker 1: way they needed to be served, and that we had

624
00:33:51,240 --> 00:33:54,840
Speaker 1: a diverse group of customers, our reputation as a great

625
00:33:54,880 --> 00:33:59,480
Speaker 1: place uh to work for everybody. UH. An agenda for women.

626
00:33:59,560 --> 00:34:02,240
Speaker 1: So we lay it out and expressed agenda to educate, empower,

627
00:34:02,760 --> 00:34:08,240
Speaker 1: encourage and elevate women. UH. Family, just you know, bringing home, community,

628
00:34:08,440 --> 00:34:11,680
Speaker 1: the workplace all together. And then Talent of course, we

629
00:34:11,719 --> 00:34:14,920
Speaker 1: wanted to really focus on our people and making sure

630
00:34:15,000 --> 00:34:17,840
Speaker 1: we had you know, women coming up in leadership and

631
00:34:17,719 --> 00:34:21,440
Speaker 1: and just everyone coming up. And then our suppliers and sponsors,

632
00:34:21,440 --> 00:34:25,760
Speaker 1: like where are purchasing dollars going? Are we supporting minority women, disabled,

633
00:34:25,800 --> 00:34:28,359
Speaker 1: veteran owned businesses? What kind of sponsors do we have?

634
00:34:28,400 --> 00:34:31,160
Speaker 1: Are we giving everybody opportunity? So we laid out and

635
00:34:31,320 --> 00:34:35,319
Speaker 1: expressed diversity and inclusion agenda from day one. We put

636
00:34:35,320 --> 00:34:38,160
Speaker 1: employee resource groups in place so people would have those

637
00:34:38,520 --> 00:34:41,400
Speaker 1: affinity groups to really work with and have allies in

638
00:34:41,440 --> 00:34:45,200
Speaker 1: those groups. We focused a lot on workforce demographics. You know,

639
00:34:45,239 --> 00:34:47,239
Speaker 1: one of the first things I did was diversify that

640
00:34:47,320 --> 00:34:51,080
Speaker 1: leadership team. That we went from not having any women

641
00:34:51,560 --> 00:34:55,200
Speaker 1: or people of color in permanent leadership positions to women

642
00:34:55,360 --> 00:35:00,360
Speaker 1: and people of color, so very diverse. Uh tea around

643
00:35:00,440 --> 00:35:03,560
Speaker 1: my table, but around uh most of the other tables.

644
00:35:03,640 --> 00:35:05,759
Speaker 1: And then we have you know, we stepped out into

645
00:35:05,800 --> 00:35:09,080
Speaker 1: the community and put together an external advisory council that

646
00:35:09,239 --> 00:35:12,480
Speaker 1: looks to like America. And so these are you know,

647
00:35:12,480 --> 00:35:15,520
Speaker 1: about thirty external people you know, just helping to advise

648
00:35:15,640 --> 00:35:18,040
Speaker 1: us UM, and you know kind of we use them

649
00:35:18,080 --> 00:35:21,440
Speaker 1: as a founding board, and then we put together robust

650
00:35:21,480 --> 00:35:24,960
Speaker 1: community program, and then of course in twenty we put

651
00:35:24,960 --> 00:35:28,759
Speaker 1: together our math Stake Action Social Justice program. So that's

652
00:35:28,800 --> 00:35:31,120
Speaker 1: kind of like how the things that we did that

653
00:35:31,200 --> 00:35:34,879
Speaker 1: got us when UH, including Leadership Award, which of course

654
00:35:35,239 --> 00:35:37,279
Speaker 1: we did not have our site set on winning any

655
00:35:37,320 --> 00:35:39,239
Speaker 1: kind of award. It was just we wanted to set

656
00:35:39,239 --> 00:35:41,200
Speaker 1: the standard and we wanted to create a great place

657
00:35:41,239 --> 00:35:43,200
Speaker 1: to work for everybody. So those are the kind of

658
00:35:43,239 --> 00:35:48,319
Speaker 1: things we did. Vision values, business resource groups, workforce demographics,

659
00:35:48,640 --> 00:35:53,040
Speaker 1: community conversation series, community outreach. And we also have an

660
00:35:53,040 --> 00:35:56,320
Speaker 1: Inclusion Council internally, so a group of about thirty employees

661
00:35:56,360 --> 00:35:59,759
Speaker 1: that focus on the culture UH and making sure we

662
00:35:59,840 --> 00:36:03,040
Speaker 1: have about a place that's inclusive. So a quick follow

663
00:36:03,080 --> 00:36:06,040
Speaker 1: up on on that idea that you turned senior leadership

664
00:36:06,040 --> 00:36:10,320
Speaker 1: into fifty women people of color. Did you replace staff

665
00:36:10,400 --> 00:36:13,440
Speaker 1: or did you brought in and expand the staff both?

666
00:36:13,520 --> 00:36:16,480
Speaker 1: So I brought I brought in two people, two leaders

667
00:36:16,520 --> 00:36:19,960
Speaker 1: with me because of course, going into a new place

668
00:36:20,040 --> 00:36:23,480
Speaker 1: like that, especially under those circumstances, I figured I needed

669
00:36:23,480 --> 00:36:27,200
Speaker 1: a chief human resources officer and a chief compliance officer,

670
00:36:27,320 --> 00:36:29,520
Speaker 1: and I brought them in with me. Because clearly there

671
00:36:29,520 --> 00:36:32,200
Speaker 1: was a need to focus on that. And then uh

672
00:36:32,360 --> 00:36:34,759
Speaker 1: we did have to uh move some people on, so

673
00:36:34,920 --> 00:36:38,560
Speaker 1: some some people left, some people retired, and then we

674
00:36:38,680 --> 00:36:41,880
Speaker 1: brought in, we promoted some people we had we had

675
00:36:42,040 --> 00:36:44,040
Speaker 1: to have great people at the MAVs, and we already

676
00:36:44,080 --> 00:36:48,080
Speaker 1: had some great people in the organization who were either

677
00:36:48,160 --> 00:36:51,239
Speaker 1: ready or on the path to being ready to uh

678
00:36:51,239 --> 00:36:54,680
Speaker 1: to sit in leadership positions. So it was a mix

679
00:36:54,960 --> 00:36:58,440
Speaker 1: of people. I brought in people I hired because we

680
00:36:58,560 --> 00:37:02,160
Speaker 1: actually I interviewed them works for different jobs, and then

681
00:37:02,320 --> 00:37:06,000
Speaker 1: uh promoting from within, So a combination, which I think

682
00:37:06,080 --> 00:37:08,319
Speaker 1: is the best way to do it. Said, let me

683
00:37:08,320 --> 00:37:11,560
Speaker 1: ask you, when when you're interviewing a potential employee, what

684
00:37:11,600 --> 00:37:15,400
Speaker 1: are you what are you looking for? Oh, that's a

685
00:37:15,400 --> 00:37:19,359
Speaker 1: great question. I'm looking for character number one. Uh, So

686
00:37:19,480 --> 00:37:23,080
Speaker 1: I asked them. I asked them questions about their values

687
00:37:23,600 --> 00:37:28,239
Speaker 1: about integrity and the role that that's played in their life. Uh.

688
00:37:28,280 --> 00:37:30,080
Speaker 1: If you know, if they've been in a position where

689
00:37:30,080 --> 00:37:33,480
Speaker 1: they've had to make a decision that was a hard decision,

690
00:37:34,080 --> 00:37:36,239
Speaker 1: maybe somebody was asking them to do one thing that

691
00:37:36,320 --> 00:37:38,680
Speaker 1: they knew what the right thing to do was. So

692
00:37:38,719 --> 00:37:42,279
Speaker 1: I actually asked questions around that. Obviously, you know. The

693
00:37:42,600 --> 00:37:45,480
Speaker 1: obvious is, of course, I'm looking for, you know, a

694
00:37:45,560 --> 00:37:47,680
Speaker 1: skill set based on the job that i'm you know

695
00:37:47,680 --> 00:37:51,320
Speaker 1: that I'm interviewing them for. I look for their ability

696
00:37:51,400 --> 00:37:53,960
Speaker 1: to lead, and I'm particularly focused on kind of you know,

697
00:37:54,120 --> 00:37:56,880
Speaker 1: leaders at this point. Um, I look for their ability

698
00:37:56,920 --> 00:38:00,400
Speaker 1: to lead. So I want to one examples of things

699
00:38:00,440 --> 00:38:04,000
Speaker 1: that they've dealt with, the results, great results they've achieved,

700
00:38:04,040 --> 00:38:07,760
Speaker 1: but also the hard decisions they've had to make around

701
00:38:07,920 --> 00:38:13,719
Speaker 1: UH people. That's important. And then I look for UH

702
00:38:14,000 --> 00:38:16,799
Speaker 1: within their experience. I look to see kind of where

703
00:38:16,800 --> 00:38:20,279
Speaker 1: they have worked, and I asked them questions around our

704
00:38:20,400 --> 00:38:24,520
Speaker 1: values and around you know, diversity, equity and inclusion, and

705
00:38:24,760 --> 00:38:28,680
Speaker 1: you know, how they worked with UH a diverse group

706
00:38:28,680 --> 00:38:31,399
Speaker 1: of people before, and what does that look like for them?

707
00:38:31,480 --> 00:38:34,120
Speaker 1: What does that feel like? If they haven't, can they

708
00:38:34,160 --> 00:38:36,440
Speaker 1: do it? So try to get a sense for that.

709
00:38:36,680 --> 00:38:38,320
Speaker 1: And then of course I go deep on the subject

710
00:38:38,360 --> 00:38:43,720
Speaker 1: matter speaking of employees. So you get this guy named

711
00:38:43,840 --> 00:38:48,680
Speaker 1: Luca Duncheon and everybody says on the man hell yeah.

712
00:38:49,160 --> 00:38:50,880
Speaker 1: Can I say hell yeah? On this show? Well, I

713
00:38:50,960 --> 00:38:54,720
Speaker 1: just get anyway, Luca came in two thousand eighteen. Okay,

714
00:38:54,760 --> 00:39:03,319
Speaker 1: like right after, Yeah, you you've got this this guy

715
00:39:03,480 --> 00:39:06,880
Speaker 1: a k A super dude who is not only great

716
00:39:06,920 --> 00:39:11,400
Speaker 1: on the court, but he is also a great marketing

717
00:39:11,560 --> 00:39:14,080
Speaker 1: perspective for the team. Can you take us through that

718
00:39:14,120 --> 00:39:16,640
Speaker 1: when you have a guy like this, well, he's just incredible.

719
00:39:16,760 --> 00:39:20,120
Speaker 1: As as our head coach Jason Kidd has said often,

720
00:39:20,200 --> 00:39:23,880
Speaker 1: he is a generational talent and he is amazing, and

721
00:39:23,920 --> 00:39:26,239
Speaker 1: he's amazing on the court, but he's also amazing off

722
00:39:26,239 --> 00:39:28,840
Speaker 1: the court because I get to interact with the players

723
00:39:29,239 --> 00:39:32,239
Speaker 1: a lot too. On the community side as well, and

724
00:39:32,320 --> 00:39:36,000
Speaker 1: so he is doing great things back in his in Slovenia,

725
00:39:36,400 --> 00:39:39,040
Speaker 1: but also doing things here for kids and all that.

726
00:39:39,160 --> 00:39:41,520
Speaker 1: So in fact, he's up right now for the NBA's

727
00:39:41,560 --> 00:39:45,480
Speaker 1: Community Assist Award, So crossing our fingers on that. But

728
00:39:45,600 --> 00:39:48,200
Speaker 1: he works very hard. I mean obviously, you know, we're

729
00:39:48,200 --> 00:39:52,320
Speaker 1: in the playoffs right now, and he's, uh, he's leading

730
00:39:52,360 --> 00:39:54,680
Speaker 1: the way. He is leading the way, and it's it's

731
00:39:54,719 --> 00:39:57,359
Speaker 1: all coming together, it's all coming together. But he is

732
00:39:57,440 --> 00:40:00,000
Speaker 1: he's amazing. I mean that's the way I can describe

733
00:40:00,000 --> 00:40:01,640
Speaker 1: of it. I Mean I watched him sometime and my

734
00:40:01,640 --> 00:40:03,600
Speaker 1: mouth is just open, and we have. I mean, we

735
00:40:03,640 --> 00:40:06,160
Speaker 1: have an amazing team. I mean, obviously he has other

736
00:40:06,200 --> 00:40:09,600
Speaker 1: people around him, but he makes he makes them better too.

737
00:40:09,760 --> 00:40:13,040
Speaker 1: He's just he's a he's a great, great player, great player.

738
00:40:13,719 --> 00:40:16,239
Speaker 1: And he's so competitive. I mean he's so competitive, which

739
00:40:16,239 --> 00:40:18,880
Speaker 1: I love that because I'm competitive too. He's so competitive

740
00:40:19,560 --> 00:40:23,440
Speaker 1: since somewhere along the line back around Bird Magic, Jordan Kobe,

741
00:40:23,960 --> 00:40:28,160
Speaker 1: the NBA, the marketing efforts were towards individual stars as

742
00:40:28,200 --> 00:40:30,319
Speaker 1: opposed to teams. Now, I know you're always a team

743
00:40:30,360 --> 00:40:33,160
Speaker 1: first guy, but this has to be a marketing dream

744
00:40:33,200 --> 00:40:36,480
Speaker 1: to have someone like Luca. Well, yeah, I'll of course.

745
00:40:36,520 --> 00:40:40,560
Speaker 1: I mean sometimes we laugh without ticket sales people saying, now,

746
00:40:40,680 --> 00:40:44,919
Speaker 1: you know what, he has made the job much easier. Yes,

747
00:40:45,080 --> 00:40:46,840
Speaker 1: it's you know, it's a hard job, you know, just

748
00:40:46,880 --> 00:40:50,640
Speaker 1: selling in general, but he has made it easy. People

749
00:40:50,840 --> 00:40:54,560
Speaker 1: want to come to our games, and people want to

750
00:40:54,600 --> 00:40:58,160
Speaker 1: be associated with the Dallas Mavericks. And that was part

751
00:40:58,200 --> 00:41:01,840
Speaker 1: of our vision, just even to belie we want people

752
00:41:01,920 --> 00:41:05,200
Speaker 1: connected to our team, and and Luca has done that.

753
00:41:05,280 --> 00:41:09,160
Speaker 1: I mean, having Luca has put us so much further

754
00:41:09,239 --> 00:41:15,040
Speaker 1: ahead around just our our brand awareness and our social

755
00:41:15,040 --> 00:41:17,839
Speaker 1: media footprint and people wanting to be associated with us,

756
00:41:17,840 --> 00:41:21,560
Speaker 1: and even even our merchandizing. I mean just his jersey

757
00:41:21,600 --> 00:41:25,879
Speaker 1: sales alone. People want to be associated with the MAVs

758
00:41:25,960 --> 00:41:30,000
Speaker 1: and clearly, clearly he is a huge, huge part of that.

759
00:41:30,360 --> 00:41:32,520
Speaker 1: So it's it's his really may have somebody like that,

760
00:41:32,680 --> 00:41:36,080
Speaker 1: it really is, it really is, And we just got blessed.

761
00:41:36,120 --> 00:41:38,800
Speaker 1: I mean, we went from having Dirk to having Luca

762
00:41:38,880 --> 00:41:41,960
Speaker 1: and again, and you're right, we're big on team, so

763
00:41:42,040 --> 00:41:46,440
Speaker 1: we have a lot of great players around him, but

764
00:41:46,600 --> 00:41:50,320
Speaker 1: clearly he is the leader of the team and we

765
00:41:50,480 --> 00:41:54,680
Speaker 1: got two in a row. So lucky. Yes, that's right,

766
00:41:54,719 --> 00:41:58,640
Speaker 1: you had Dirk. I forgotten. Oh see, I'm a Dedrod

767
00:41:58,680 --> 00:42:04,319
Speaker 1: Pistons fan. You're in a rebuilding stage. Okay, we're going

768
00:42:04,360 --> 00:42:16,040
Speaker 1: to get there. We've sent Marshall, Oh my goodness, what

769
00:42:16,239 --> 00:42:21,360
Speaker 1: a fun time CEO of the Dallas Mavericks. And I

770
00:42:21,440 --> 00:42:26,000
Speaker 1: tell you you you have sparked Scarlett's interest in the NBA,

771
00:42:26,239 --> 00:42:29,399
Speaker 1: because I see it now, the excitement on her face. Well,

772
00:42:29,680 --> 00:42:32,320
Speaker 1: a lot of my interest is because of television too.

773
00:42:32,360 --> 00:42:35,560
Speaker 1: I mean, um, I know that you don't watch Winning

774
00:42:35,600 --> 00:42:38,920
Speaker 1: Time sent, but I'm sure that you're aware of the

775
00:42:39,000 --> 00:42:43,080
Speaker 1: impact of a dramatized TV show can have on a

776
00:42:43,160 --> 00:42:46,239
Speaker 1: team and the branding of the team. Years later, when

777
00:42:46,400 --> 00:42:50,920
Speaker 1: HBO does a dramatization of the Dallas Mavericks in the years,

778
00:42:51,600 --> 00:42:55,600
Speaker 1: who do you want to play you? Oh? You know,

779
00:42:55,640 --> 00:42:59,200
Speaker 1: it's interesting because someone recently said they wanted to make

780
00:42:59,200 --> 00:43:02,880
Speaker 1: a movie just about my life, and so my niece

781
00:43:02,880 --> 00:43:05,640
Speaker 1: and my children have been trying to figure out who

782
00:43:05,680 --> 00:43:09,319
Speaker 1: should play me. And I said, well, Viola Davis, and

783
00:43:09,320 --> 00:43:12,960
Speaker 1: they said, yes, we like that. But then, but then

784
00:43:13,000 --> 00:43:15,920
Speaker 1: they had a long laundry list of people. But it

785
00:43:16,000 --> 00:43:19,799
Speaker 1: has to be somebody with lots of energy, probably a

786
00:43:19,840 --> 00:43:23,840
Speaker 1: big smile, but also can you handle their business and

787
00:43:24,320 --> 00:43:27,080
Speaker 1: handle the hard stuff when they need to know. It's

788
00:43:27,160 --> 00:43:30,000
Speaker 1: Viola Davis, because that's the first person I thought of

789
00:43:30,320 --> 00:43:34,840
Speaker 1: if someone was to play you, Viola Davis. That's it.

790
00:43:37,080 --> 00:43:41,360
Speaker 1: I love her. We'll get in touch with some writers

791
00:43:41,440 --> 00:43:45,680
Speaker 1: right now. Let them let them know right now, because

792
00:43:46,440 --> 00:43:47,960
Speaker 1: so people want to do a story of my life,

793
00:43:47,960 --> 00:43:50,759
Speaker 1: which I think it's hilarious. Um. And then, of course

794
00:43:50,760 --> 00:43:53,520
Speaker 1: I have a book coming out, so everybody's talking about Okay,

795
00:43:53,520 --> 00:43:55,040
Speaker 1: one day, we got to make a movie, I said,

796
00:43:55,840 --> 00:44:00,719
Speaker 1: coming out. It is coming out in September. A kind

797
00:44:00,760 --> 00:44:03,680
Speaker 1: of September. It's about my cancer journey because well, it

798
00:44:04,160 --> 00:44:07,200
Speaker 1: ended up being much more uh then my cancer journey,

799
00:44:07,239 --> 00:44:09,560
Speaker 1: because the publishers decided that they needed to tell a

800
00:44:09,600 --> 00:44:13,760
Speaker 1: few life stories, uh to show why I was equipped

801
00:44:13,800 --> 00:44:17,799
Speaker 1: to handle a stage three cancer diagnosis and that it

802
00:44:17,880 --> 00:44:21,120
Speaker 1: was actually a pretty bad situation. But that was eleven

803
00:44:21,160 --> 00:44:23,360
Speaker 1: years ago and I'm blessed and I'm still here. But

804
00:44:23,400 --> 00:44:25,960
Speaker 1: the name of my book is You've been Chosen, Driving

805
00:44:26,040 --> 00:44:28,680
Speaker 1: through the Unexpected uh. And people have been telling me

806
00:44:28,760 --> 00:44:31,359
Speaker 1: for about ten years to take my cancer journal because

807
00:44:31,360 --> 00:44:35,200
Speaker 1: I had a public posting every round of chemo, and

808
00:44:35,200 --> 00:44:37,560
Speaker 1: they say, you got to turn it into a book

809
00:44:37,640 --> 00:44:39,920
Speaker 1: because people ask for it all the time. And it's

810
00:44:39,920 --> 00:44:42,480
Speaker 1: really just trying to help, first of all, people who

811
00:44:42,480 --> 00:44:45,560
Speaker 1: are going through chemotherapy and going through a cancer battle,

812
00:44:45,880 --> 00:44:47,319
Speaker 1: just to kind of read the good at the bad,

813
00:44:47,400 --> 00:44:49,839
Speaker 1: the great and ugly and to see that what they're

814
00:44:49,840 --> 00:44:52,879
Speaker 1: going through is is real. But it's also a book

815
00:44:52,920 --> 00:44:56,439
Speaker 1: about just you know, serving others, about how you are.

816
00:44:57,200 --> 00:45:00,719
Speaker 1: We're all uniquely equipped for the challenges that we and

817
00:45:00,800 --> 00:45:03,879
Speaker 1: so everything we go through in our lives, it all

818
00:45:03,960 --> 00:45:05,839
Speaker 1: leads to a certain point where you have to draw

819
00:45:05,920 --> 00:45:08,760
Speaker 1: up on all of that and that we really can handle.

820
00:45:08,800 --> 00:45:10,720
Speaker 1: I mean, it's just like taking this job with Mark Huban.

821
00:45:10,800 --> 00:45:13,840
Speaker 1: I just somehow was uniquely qualified. I was chosen to

822
00:45:13,880 --> 00:45:16,080
Speaker 1: kind of to do that. And then you know, we're

823
00:45:16,120 --> 00:45:20,160
Speaker 1: all chosen for a unique story and a purpose. And yes,

824
00:45:20,200 --> 00:45:24,280
Speaker 1: bad things will happen, but life isn't always about what happens,

825
00:45:24,760 --> 00:45:27,360
Speaker 1: but sometimes it's more about how we respond to what happened.

826
00:45:27,680 --> 00:45:29,960
Speaker 1: And so this tells the story of how the village

827
00:45:30,400 --> 00:45:32,920
Speaker 1: just came around me, not just when I had cancer,

828
00:45:33,000 --> 00:45:36,440
Speaker 1: but actually my whole life, you know, growing up in

829
00:45:36,440 --> 00:45:38,920
Speaker 1: a public housing project and facing a lot of adversity.

830
00:45:39,000 --> 00:45:42,000
Speaker 1: So it talks about that, which I am sure equipped

831
00:45:42,000 --> 00:45:45,839
Speaker 1: me too kind of deal with what I dealt with. UH.

832
00:45:45,840 --> 00:45:47,799
Speaker 1: And it really is about how we serve each other,

833
00:45:48,160 --> 00:45:51,000
Speaker 1: how we serve each other, how we share our burdens together,

834
00:45:51,960 --> 00:45:55,160
Speaker 1: how um our faith, how we have to rely on

835
00:45:55,200 --> 00:45:58,080
Speaker 1: our faith uh and each other to get through some

836
00:45:58,200 --> 00:46:01,200
Speaker 1: of the obstacles. So I hope people will buy it

837
00:46:01,239 --> 00:46:04,400
Speaker 1: and be inspired. I can't believe I finally wrote it.

838
00:46:04,440 --> 00:46:07,439
Speaker 1: I mean I was I was convinced. People get said

839
00:46:07,480 --> 00:46:09,480
Speaker 1: you have to write it, and so I finally I

840
00:46:09,480 --> 00:46:12,800
Speaker 1: wrote it. On an airplane the ninth all of my

841
00:46:12,880 --> 00:46:15,600
Speaker 1: airplane trips. And so it's gonna come out, so I

842
00:46:15,640 --> 00:46:18,200
Speaker 1: hope you'll get it well, since that's what we call

843
00:46:18,280 --> 00:46:22,279
Speaker 1: in our business, burying the lead, because that you gotta

844
00:46:22,360 --> 00:46:25,560
Speaker 1: have you back on the show to talk about this book.

845
00:46:26,000 --> 00:46:29,680
Speaker 1: It's like marketing your calendar. September. Yeah, in September, you

846
00:46:29,719 --> 00:46:36,000
Speaker 1: gotta come on back at Wow, Saint Marshall, you are

847
00:46:36,080 --> 00:46:39,439
Speaker 1: so you're so kind, CEO of the Dallas Mavericks, thank

848
00:46:39,480 --> 00:46:42,600
Speaker 1: you so much for joining us. Thank you so much,

849
00:46:42,760 --> 00:46:45,560
Speaker 1: thank you so much, God bless that was such a treat.

850
00:46:45,640 --> 00:46:48,960
Speaker 1: Thank you, thank you. Okay, let me know if you'll

851
00:46:48,960 --> 00:46:53,040
Speaker 1: need anything else we need in September. Yeah, okay, all right,

852
00:46:53,200 --> 00:47:01,160
Speaker 1: I'll okay. Well, I had no idea that she had

853
00:47:01,160 --> 00:47:05,000
Speaker 1: a book that was coming out in September, and it

854
00:47:05,400 --> 00:47:08,240
Speaker 1: floored me because I can't wait to read this book

855
00:47:09,040 --> 00:47:14,040
Speaker 1: as being a cancer survivor stage three cancer. My goodness,

856
00:47:14,080 --> 00:47:16,439
Speaker 1: that that's something else. She totally buried the lead. And

857
00:47:16,840 --> 00:47:19,200
Speaker 1: you know, we have her biography in front of us.

858
00:47:19,239 --> 00:47:22,440
Speaker 1: It's got one, two, three, four or five six, seven paragraphs.

859
00:47:22,440 --> 00:47:24,880
Speaker 1: It needs to be like twenty paragraphs long because this

860
00:47:24,920 --> 00:47:27,960
Speaker 1: woman has done so much and has accomplished so much

861
00:47:28,040 --> 00:47:32,480
Speaker 1: that you don't really get a full sense of her

862
00:47:32,520 --> 00:47:36,640
Speaker 1: accomplishments um or just what she's gone through, what she sees,

863
00:47:36,760 --> 00:47:40,040
Speaker 1: and what she brings to an organization without having a

864
00:47:40,080 --> 00:47:42,799
Speaker 1: conversation with her. You know, I think that sort of

865
00:47:42,800 --> 00:47:46,279
Speaker 1: personifies who she is that she doesn't she's not very

866
00:47:46,280 --> 00:47:49,319
Speaker 1: boastful of a career that is just so impressive. I

867
00:47:49,360 --> 00:47:53,320
Speaker 1: read the same thing. I mean, first African American cheerleader

868
00:47:53,320 --> 00:47:55,840
Speaker 1: at cal Berkeley, UM, and what she did at a

869
00:47:55,960 --> 00:47:59,279
Speaker 1: T and T just remarkable. And now she's she's come

870
00:47:59,320 --> 00:48:03,600
Speaker 1: into this in Roman you know what men's male oriented,

871
00:48:03,680 --> 00:48:07,479
Speaker 1: the dominated environment, and h changed the culture and won

872
00:48:07,520 --> 00:48:10,359
Speaker 1: the award two years in a row, back to back. Um.

873
00:48:10,440 --> 00:48:12,279
Speaker 1: You know, she's he's proud of that as if the

874
00:48:12,280 --> 00:48:15,440
Speaker 1: Mavericks won the NBA Championship. You know, it's the best

875
00:48:15,480 --> 00:48:17,400
Speaker 1: part of the job when we talk to people who

876
00:48:17,760 --> 00:48:21,600
Speaker 1: blow you away with with what they do, their outlook

877
00:48:21,600 --> 00:48:24,120
Speaker 1: and their approach to things. I mean she stepped into

878
00:48:25,120 --> 00:48:27,319
Speaker 1: I mean you called it a toxic culture that felt

879
00:48:27,320 --> 00:48:29,520
Speaker 1: like a landline, the way that Dallas Mavericks were when

880
00:48:29,560 --> 00:48:32,120
Speaker 1: when she was brought in and she turned it around.

881
00:48:32,520 --> 00:48:34,440
Speaker 1: And I'm sure Mark Cuban is not an easy guy

882
00:48:34,480 --> 00:48:37,120
Speaker 1: to work with, but she's infatuated with the guy. He said,

883
00:48:37,120 --> 00:48:40,239
Speaker 1: he let he he taught her about basketball, but let

884
00:48:40,280 --> 00:48:44,520
Speaker 1: her be sent and and and and just do her

885
00:48:44,560 --> 00:48:47,719
Speaker 1: work that has been so successful in her past. And

886
00:48:47,760 --> 00:48:50,600
Speaker 1: she has some great you know, some great quotes. I

887
00:48:50,640 --> 00:48:52,080
Speaker 1: love the ones she said at the end. It's not

888
00:48:52,120 --> 00:48:55,320
Speaker 1: what happens, but it's how you respond to what happens.

889
00:48:56,040 --> 00:48:58,120
Speaker 1: I thought was was really really something and what she

890
00:48:58,160 --> 00:49:02,920
Speaker 1: looks for when she interviews a potential employee. Um, you know,

891
00:49:03,040 --> 00:49:05,359
Speaker 1: character seems to be the central theme that ran through

892
00:49:05,400 --> 00:49:07,480
Speaker 1: this conversation. I know that that gave me a lot

893
00:49:07,520 --> 00:49:13,239
Speaker 1: to think about two Mondros kids. Feels better to be

894
00:49:13,360 --> 00:49:15,439
Speaker 1: than one than number five. I'll wear a number because

895
00:49:15,440 --> 00:49:17,000
Speaker 1: of Mike. We have a chance to go for three

896
00:49:17,000 --> 00:49:18,680
Speaker 1: in a row. Good numbers are a good time. When

897
00:49:18,680 --> 00:49:20,640
Speaker 1: I first started wearing the number, how we just have

898
00:49:20,800 --> 00:49:24,080
Speaker 1: been proud bloom bird business of sports. The number of

899
00:49:24,120 --> 00:49:30,160
Speaker 1: the week. Well well well, well, well, guess what time

900
00:49:30,239 --> 00:49:36,480
Speaker 1: it is. Guess what time it is? Time for the

901
00:49:36,640 --> 00:49:39,759
Speaker 1: number of the week. And let's go back to an

902
00:49:39,760 --> 00:49:43,000
Speaker 1: old favorite. And I love and haven't done it in

903
00:49:43,000 --> 00:49:47,440
Speaker 1: a while. What sport first? Uh, well, you know what it's.

904
00:49:47,480 --> 00:49:51,960
Speaker 1: It's about the Tampa Bay Rays co owner and uh,

905
00:49:52,520 --> 00:49:58,120
Speaker 1: nominally about baseball. Nominally. Nominally it's he just sold his

906
00:49:58,280 --> 00:50:07,680
Speaker 1: water front Miami Beach home. It's an off market transaction. Uh. Yes,

907
00:50:09,000 --> 00:50:14,040
Speaker 1: twist on it. It's a seven bedroom, roughly square foot house.

908
00:50:14,120 --> 00:50:16,880
Speaker 1: It's one of the most expensive to sell in the

909
00:50:16,960 --> 00:50:21,520
Speaker 1: Sunset Islands. Oh my, it's a group of four man

910
00:50:21,600 --> 00:50:25,880
Speaker 1: made islands in Biscayne Bay. Oh. Now that I've sold

911
00:50:25,920 --> 00:50:30,280
Speaker 1: you all on it, how much did he sell it? Force,

912
00:50:30,600 --> 00:50:36,760
Speaker 1: I'm gonna say nineteen million. I'm going to go north

913
00:50:36,800 --> 00:50:41,280
Speaker 1: of that because I believe Tom Brady rented um Derek

914
00:50:41,400 --> 00:50:45,960
Speaker 1: Cheater's home in Tampa and that was like twenty five

915
00:50:46,080 --> 00:50:49,160
Speaker 1: million when when he sold it. So I'm gonna go

916
00:50:49,320 --> 00:50:53,720
Speaker 1: north of that and go just under the radar twenty

917
00:50:53,840 --> 00:51:01,240
Speaker 1: nine million. Wow. Well, Tampa Bay Raised co owner Randy

918
00:51:01,360 --> 00:51:05,840
Speaker 1: Francole sold his water front Miami Beach home for thirty

919
00:51:05,880 --> 00:51:13,480
Speaker 1: one point five million dollars. Lynch. Again, he bought it

920
00:51:14,320 --> 00:51:18,480
Speaker 1: at the time for fourteen point forty one million, so

921
00:51:18,560 --> 00:51:21,640
Speaker 1: he made a little pretty penny off nice flip. Yeah

922
00:51:22,040 --> 00:51:25,040
Speaker 1: did he even live there? Well, yeah, I think he did.

923
00:51:25,880 --> 00:51:29,120
Speaker 1: I think you know, he had to maybe maybe not,

924
00:51:29,360 --> 00:51:32,760
Speaker 1: you know, that's true, but it's well it was newly built,

925
00:51:32,800 --> 00:51:37,640
Speaker 1: so now he had to. Well, no, you're right, these guys, well,

926
00:51:37,719 --> 00:51:40,920
Speaker 1: now these guys, a lot of wealthy people who can

927
00:51:40,920 --> 00:51:44,200
Speaker 1: buy multiple homes don't actually spend that much time in them.

928
00:51:44,280 --> 00:51:47,200
Speaker 1: That's true, which reminds me. I don't know that they

929
00:51:47,200 --> 00:51:50,040
Speaker 1: put on Airbnb, but you know they're not spending time

930
00:51:50,040 --> 00:51:52,479
Speaker 1: in them. I gotta buy some Mr Clean to clean

931
00:51:52,520 --> 00:51:57,000
Speaker 1: my vamis the thought that triggered that it did, because

932
00:51:57,040 --> 00:51:59,520
Speaker 1: it's like, yeah, I live here, I gotta clean this

933
00:51:59,680 --> 00:52:04,600
Speaker 1: play up. But thirty one point five mill and Lynch

934
00:52:04,840 --> 00:52:09,320
Speaker 1: as usual, you're under so you're on stage man, official prices,

935
00:52:09,440 --> 00:52:14,200
Speaker 1: right rules, washer dryer, and uh. Off market transaction means

936
00:52:14,200 --> 00:52:19,000
Speaker 1: he saved a lot in broker fees. That see. It's

937
00:52:19,640 --> 00:52:22,759
Speaker 1: I'm too too much of a silly goose to try

938
00:52:22,760 --> 00:52:25,560
Speaker 1: to do off market. I couldn't do it. Oh yeah,

939
00:52:25,680 --> 00:52:29,400
Speaker 1: I mean that's a whole different ball game. I'd be like,

940
00:52:29,480 --> 00:52:34,960
Speaker 1: you know what you all wanted house? Uh, this is

941
00:52:34,960 --> 00:52:39,160
Speaker 1: the Bloomberg Business of sports show Thank you, Lynchi. You're

942
00:52:39,200 --> 00:52:41,879
Speaker 1: just so good. We're here each and every week at

943
00:52:41,880 --> 00:52:44,960
Speaker 1: the same time, plus online wherever you get your podcast.

944
00:52:45,000 --> 00:52:47,399
Speaker 1: You can catch those Mondays, Wednesdays and Thursdays on Michael

945
00:52:47,440 --> 00:52:49,960
Speaker 1: Bar on Twitter at Big Bar Sports. I've just learned

946
00:52:49,960 --> 00:52:52,959
Speaker 1: to accept that Lynchi will win this weekend and week out.

947
00:52:53,080 --> 00:52:55,840
Speaker 1: I'm Scarlet Foo on Twitter at Scarlett Foe. When are

948
00:52:55,880 --> 00:52:57,320
Speaker 1: you ever going to learn to let me go for

949
00:52:57,360 --> 00:53:00,719
Speaker 1: a Scarlett? You know what? While you singing the little

950
00:53:00,800 --> 00:53:05,279
Speaker 1: Jeopardy tune, I was waiting patiently, and I realized that

951
00:53:06,000 --> 00:53:08,720
Speaker 1: unless someone prodded you into it was never gonna happen.

952
00:53:09,880 --> 00:53:15,440
Speaker 1: Oh oh, I'm sorry, Mr Mr Hosts. Has to be

953
00:53:15,560 --> 00:53:18,960
Speaker 1: like all right, line, I believe the rule is if

954
00:53:19,000 --> 00:53:20,880
Speaker 1: you're if you're the winner of the week, before you

955
00:53:20,920 --> 00:53:23,560
Speaker 1: get to go second. Oh is that the rule? Sort

956
00:53:23,560 --> 00:53:25,120
Speaker 1: of like the Army Navy game. If you win, you

957
00:53:25,160 --> 00:53:28,560
Speaker 1: get to sing your school's alma mater songs. Oh my gosh, okay,

958
00:53:28,600 --> 00:53:34,160
Speaker 1: I'm doomed a vicious cycle. Well you can find me

959
00:53:34,560 --> 00:53:37,960
Speaker 1: gloating at lins w c dB. He's the one that's Yeah,

960
00:53:38,000 --> 00:53:40,319
Speaker 1: you'll find him there. Thanks for joining us. Tune in

961
00:53:40,360 --> 00:53:43,200
Speaker 1: again next week For the latest on the stories moving

962
00:53:43,239 --> 00:53:45,000
Speaker 1: big money in the world of sports. You're listening to

963
00:53:45,040 --> 00:53:49,480
Speaker 1: Bloomberg Business of Sports from Bloomberg Radio around the world.