1 00:00:02,440 --> 00:00:06,760 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:07,720 --> 00:00:10,280 Speaker 2: This is Bloomberg Business of Sports. 3 00:00:10,440 --> 00:00:13,239 Speaker 3: Business of Sports can be intimidating for hard for a 4 00:00:13,320 --> 00:00:14,240 Speaker 3: start to break into. 5 00:00:14,360 --> 00:00:17,239 Speaker 4: We really appreciate what our owners are actually there. You 6 00:00:17,239 --> 00:00:18,920 Speaker 4: know with us through the journey. 7 00:00:18,560 --> 00:00:22,080 Speaker 5: Teams ours especially have been very intentional to diversify at 8 00:00:22,079 --> 00:00:23,040 Speaker 5: all levels of the company. 9 00:00:23,040 --> 00:00:25,560 Speaker 6: Whybe We're in the golden years for the NFL and 10 00:00:25,680 --> 00:00:26,360 Speaker 6: college football. 11 00:00:26,440 --> 00:00:29,520 Speaker 3: Our demographic reach has continued to expande. 12 00:00:29,560 --> 00:00:33,199 Speaker 7: This is going to be really unlocking the streaming platform 13 00:00:33,280 --> 00:00:34,240 Speaker 7: for sports fans. 14 00:00:34,320 --> 00:00:36,800 Speaker 2: Sports evaluations arising. We'll see when they peak. 15 00:00:36,840 --> 00:00:39,479 Speaker 1: You don't have to be the best in your sports 16 00:00:39,479 --> 00:00:42,360 Speaker 1: and make a whole ton of money. 17 00:00:42,440 --> 00:00:47,199 Speaker 2: Bloomberg Business of Sports from Bloomberg Radio. This is the 18 00:00:47,200 --> 00:00:49,920 Speaker 2: Bloomberg Business of Sports show. We explore the big money 19 00:00:49,960 --> 00:00:52,320 Speaker 2: issues in the world of sports. I'm Michael Barr, along 20 00:00:52,320 --> 00:00:56,520 Speaker 2: with my colleagues Scarlett Fou and Damian Sassau on the lineup. 21 00:00:56,560 --> 00:00:59,200 Speaker 2: Today we're talking the growth of women's golf with two 22 00:00:59,240 --> 00:01:03,160 Speaker 2: time lp GA champion winner Stacy Lewis and with the 23 00:01:03,320 --> 00:01:08,160 Speaker 2: KPMG Women's PGA Championship in play this weekend. We'll also 24 00:01:08,280 --> 00:01:12,440 Speaker 2: speak with the chairman and CEO of KPMG, Paul Knop. 25 00:01:12,680 --> 00:01:16,120 Speaker 6: This was the only women's leadership conference affiliated with a 26 00:01:16,680 --> 00:01:20,440 Speaker 6: LPGA tournament that Catalyst has allowed. For now, there are 27 00:01:20,520 --> 00:01:25,920 Speaker 6: twenty women's leadership conferences affiliated with LPGA tour events. So 28 00:01:25,959 --> 00:01:29,200 Speaker 6: we feel really great about bringing about more change so 29 00:01:29,240 --> 00:01:31,560 Speaker 6: that more women can be elevated to the c suite, 30 00:01:31,880 --> 00:01:34,440 Speaker 6: and we're seeing it at many more LPGA tournaments. 31 00:01:34,440 --> 00:01:37,280 Speaker 2: Today, we'll also speak baseball in the role of the 32 00:01:37,400 --> 00:01:41,000 Speaker 2: starting pitcher in Today's Game with Hall of Fame pitcher 33 00:01:41,120 --> 00:01:45,560 Speaker 2: and current Fox Sports analyst John Smoltz. But first, the 34 00:01:45,640 --> 00:01:48,320 Speaker 2: sports world lost another legend this week. 35 00:01:48,760 --> 00:01:59,680 Speaker 8: He say hey, sway at the plaid, say Hey. 36 00:01:57,120 --> 00:02:00,920 Speaker 2: Yeah, the say hey kid. Baseball legend will Mays died 37 00:02:00,960 --> 00:02:03,560 Speaker 2: this past week at the age of ninety three. A 38 00:02:03,680 --> 00:02:08,240 Speaker 2: prolific player on and off the field, May's transcended what 39 00:02:08,360 --> 00:02:12,000 Speaker 2: it meant to be a cultural icon at a complicated time. 40 00:02:12,600 --> 00:02:15,920 Speaker 2: This week, in honor of juneteenth, Major League Baseball played 41 00:02:15,919 --> 00:02:19,800 Speaker 2: a regular season game at Rickwood Field in Birmingham, Alabama, 42 00:02:20,000 --> 00:02:23,280 Speaker 2: as a tribute to the Negro leagues. The game was 43 00:02:23,280 --> 00:02:27,280 Speaker 2: played between the Saint Louis Cardinals and Willie May's former club, 44 00:02:27,320 --> 00:02:31,600 Speaker 2: the San Francisco Giants. During the pregame on Fox Sports, 45 00:02:31,720 --> 00:02:36,200 Speaker 2: another baseball legend, Reggie Jackson, spoke about what Mays meant 46 00:02:36,240 --> 00:02:41,239 Speaker 2: to him and then emotionally recalled the racism and discrimination 47 00:02:41,520 --> 00:02:45,840 Speaker 2: he experienced while playing in Alabama as a minor league player. 48 00:02:46,000 --> 00:02:47,280 Speaker 2: Take a listen, Gush. 49 00:02:47,400 --> 00:02:49,520 Speaker 8: I think Willie Mays meant to me the same thing 50 00:02:49,560 --> 00:02:53,240 Speaker 8: that he meant to most people. He was a barishnikoff 51 00:02:53,320 --> 00:02:55,760 Speaker 8: on the baseball field. I think that he had a 52 00:02:55,800 --> 00:02:58,880 Speaker 8: lot of things to say about the game. But at 53 00:02:58,919 --> 00:03:02,280 Speaker 8: the time when Willie playing, Hank Aaron was playing. They 54 00:03:02,560 --> 00:03:05,920 Speaker 8: grew up in an era when you had a complain 55 00:03:06,040 --> 00:03:10,960 Speaker 8: about the game or a complain about society, you suppressed it. 56 00:03:11,280 --> 00:03:15,040 Speaker 8: Today's player doesn't do that. Coming back here is not easy. 57 00:03:15,360 --> 00:03:19,600 Speaker 8: The racism that I played here. I walked into restaurants 58 00:03:19,600 --> 00:03:21,720 Speaker 8: and they would point at me and said, you can't 59 00:03:21,720 --> 00:03:24,400 Speaker 8: eat here. I would go to a hotel and they said, 60 00:03:24,720 --> 00:03:27,480 Speaker 8: can't stay here. At the same time, had it not 61 00:03:27,720 --> 00:03:31,240 Speaker 8: been for my white friends, had it not been for 62 00:03:31,360 --> 00:03:36,160 Speaker 8: a white manager and Rudy Fingers and Duncan and Lee Myers, 63 00:03:36,840 --> 00:03:38,160 Speaker 8: I would have never made it. 64 00:03:38,400 --> 00:03:41,920 Speaker 2: That was baseball great Reggie Jackson during the Fox Sports 65 00:03:42,160 --> 00:03:46,560 Speaker 2: tribute to the Negro League's pregame show. Audio courtesy again 66 00:03:46,640 --> 00:03:51,160 Speaker 2: of Fox Sports Network, and it was a very powerful interview. 67 00:03:51,520 --> 00:03:54,760 Speaker 2: We'll talk more baseball later in the show, but first 68 00:03:54,800 --> 00:03:57,800 Speaker 2: we want to pivot to a conversation with another prominent 69 00:03:57,880 --> 00:04:01,080 Speaker 2: name from the New York sports scene. For MDA All 70 00:04:01,080 --> 00:04:05,640 Speaker 2: Star kerb Melo Anthony Knicks fans saw him mad MSG 71 00:04:05,880 --> 00:04:08,920 Speaker 2: cheering on his old team during their playoff run, but 72 00:04:09,000 --> 00:04:12,560 Speaker 2: Melo has been busy behind the scenes launching a new 73 00:04:12,840 --> 00:04:17,520 Speaker 2: luxury wine called Ode to Soul. Anthony stopped by our 74 00:04:17,600 --> 00:04:20,680 Speaker 2: studios here in New York recently along with this business 75 00:04:20,680 --> 00:04:24,600 Speaker 2: partner Asani Swan to talk it through with our colleagues, 76 00:04:24,920 --> 00:04:27,840 Speaker 2: remain Bostic and Scarlet through Let's listen in. 77 00:04:28,320 --> 00:04:31,360 Speaker 1: I actually was just interested, like I just wanted to 78 00:04:31,440 --> 00:04:34,080 Speaker 1: learn about the industry. I wanted to learn about what 79 00:04:34,200 --> 00:04:38,000 Speaker 1: it takes to actually grow wine and what happens in 80 00:04:38,000 --> 00:04:40,880 Speaker 1: the process. So I just started drinking the wine and 81 00:04:40,920 --> 00:04:43,359 Speaker 1: then I realized, look, I need to stop spending so 82 00:04:43,440 --> 00:04:46,279 Speaker 1: much money on consuming this wine and figure out what 83 00:04:46,440 --> 00:04:49,320 Speaker 1: is the right business model in this industry. So it 84 00:04:49,360 --> 00:04:52,520 Speaker 1: took me a little bit of time to kind of 85 00:04:52,520 --> 00:04:54,400 Speaker 1: figure the industry out and see where I wanted to 86 00:04:54,440 --> 00:04:54,880 Speaker 1: open the door. 87 00:04:54,920 --> 00:04:57,320 Speaker 9: App well, you partnered with Asana and just looking at 88 00:04:57,320 --> 00:04:59,359 Speaker 9: sort of the pedigree of this wine. I mean, this 89 00:04:59,520 --> 00:05:02,159 Speaker 9: is like serious, like old world wine making you're doing. 90 00:05:02,160 --> 00:05:04,800 Speaker 9: You just didn't slap his name on a label and 91 00:05:04,880 --> 00:05:06,760 Speaker 9: just try to sell it here, just kind of explain 92 00:05:06,880 --> 00:05:09,760 Speaker 9: exactly the region where these grapes are coming from and 93 00:05:09,839 --> 00:05:11,320 Speaker 9: exactly the process that it went through. 94 00:05:11,560 --> 00:05:14,279 Speaker 7: Yeah, great question. So I think a lot of people 95 00:05:14,440 --> 00:05:17,440 Speaker 7: from then the seventh the state were a little shocks 96 00:05:17,560 --> 00:05:21,479 Speaker 7: that we decided to partner with Robert Moondabi Winery, But 97 00:05:21,680 --> 00:05:26,600 Speaker 7: ultimately we wanted to produce a premium quality wine and 98 00:05:26,680 --> 00:05:29,400 Speaker 7: so we thought what better way to do that than 99 00:05:29,680 --> 00:05:34,040 Speaker 7: with one of the best and most traditional wine companies 100 00:05:34,200 --> 00:05:37,400 Speaker 7: in the world. And so we had the opportunity to 101 00:05:37,480 --> 00:05:39,760 Speaker 7: partner with them and then get our grapes from the 102 00:05:39,800 --> 00:05:44,320 Speaker 7: Tokalon region. The Tokalon region has a great deal of 103 00:05:44,960 --> 00:05:48,320 Speaker 7: dried soil, and the way that the sun hits those 104 00:05:48,360 --> 00:05:51,159 Speaker 7: grapes is able to develop what we get to taste 105 00:05:51,160 --> 00:05:53,760 Speaker 7: in the bottle, and so that is one of the 106 00:05:53,800 --> 00:05:56,120 Speaker 7: reasons why the price point is what it is, but 107 00:05:56,360 --> 00:05:59,800 Speaker 7: also the process that we go through in creating what's 108 00:05:59,800 --> 00:06:03,479 Speaker 7: in bottle is so specific and it's so specific to 109 00:06:03,520 --> 00:06:06,359 Speaker 7: who we are as winemakers as well. And having the 110 00:06:06,400 --> 00:06:09,320 Speaker 7: opportunity to have the guidance of John Viev, who's the 111 00:06:09,360 --> 00:06:13,120 Speaker 7: chief wind maker at Robert Mondavi Winery, was certainly an 112 00:06:13,200 --> 00:06:15,479 Speaker 7: experience in and of itself to learn from one of 113 00:06:15,480 --> 00:06:16,960 Speaker 7: the masters in the space. 114 00:06:17,200 --> 00:06:21,120 Speaker 5: I think everyone's curious Carmela to understand your level of involvement. 115 00:06:21,240 --> 00:06:22,800 Speaker 5: Did you choose the blend? 116 00:06:22,880 --> 00:06:25,760 Speaker 4: Are you a lead taster here, lead tasted? 117 00:06:26,760 --> 00:06:29,039 Speaker 5: Did you zoo in on that pricing of what two 118 00:06:29,080 --> 00:06:30,599 Speaker 5: hundred and seventy five dollars a bottle? 119 00:06:30,760 --> 00:06:34,480 Speaker 1: So the pricing was out of my jurisdiction. I'm more 120 00:06:34,680 --> 00:06:38,400 Speaker 1: of the you know, bring my bring my palate, you know, 121 00:06:38,520 --> 00:06:41,960 Speaker 1: bring my my smell, bring my my innovation, you know 122 00:06:42,040 --> 00:06:46,040 Speaker 1: to the room, whereas I just utilize, you know, the tokalon. 123 00:06:46,320 --> 00:06:48,880 Speaker 1: It is what it is that that portion of nappid 124 00:06:49,080 --> 00:06:52,680 Speaker 1: that venyard is is spectacular. So the reason I could 125 00:06:52,760 --> 00:06:55,120 Speaker 1: just come in and just flow and just because it's 126 00:06:55,120 --> 00:06:58,320 Speaker 1: already there, right and having somebody like John Viev alongside, 127 00:06:58,320 --> 00:07:00,840 Speaker 1: that's who's on the ground every single day understanding what 128 00:07:00,880 --> 00:07:03,520 Speaker 1: that soilo is, what that region is. For me, I 129 00:07:03,520 --> 00:07:06,200 Speaker 1: could just bring my innovation into the industry. So yes, 130 00:07:06,279 --> 00:07:10,040 Speaker 1: I'm heavily involved from the beginning all the way to 131 00:07:10,080 --> 00:07:11,880 Speaker 1: the end where we all we always We also had 132 00:07:11,920 --> 00:07:15,520 Speaker 1: a you know, a disagreement about one percent of patite 133 00:07:15,600 --> 00:07:17,880 Speaker 1: verdot that we put actually put into wine. 134 00:07:17,960 --> 00:07:19,000 Speaker 3: So so who won? 135 00:07:19,080 --> 00:07:19,520 Speaker 5: Did you win? 136 00:07:19,960 --> 00:07:25,640 Speaker 1: We all want, we all want it's a great wine. 137 00:07:26,240 --> 00:07:27,200 Speaker 3: Well done, well done. 138 00:07:28,520 --> 00:07:30,440 Speaker 5: You mentioned, of course that you were drinking wine and 139 00:07:30,480 --> 00:07:31,880 Speaker 5: you thought, you know what, I have to stop spending 140 00:07:31,920 --> 00:07:34,160 Speaker 5: money on this. But I'm curious about your time in 141 00:07:34,160 --> 00:07:37,760 Speaker 5: New York and how that contributed to your education as 142 00:07:37,800 --> 00:07:40,000 Speaker 5: a wine connoisseur. What was it about being in New 143 00:07:40,080 --> 00:07:43,480 Speaker 5: York and being and having access to all this great 144 00:07:43,480 --> 00:07:46,520 Speaker 5: wine that really deepened your passion for fine wine? 145 00:07:46,600 --> 00:07:48,240 Speaker 1: What I said, I think you hit it right on 146 00:07:48,280 --> 00:07:50,680 Speaker 1: the word, which was access. Right now, in New York, 147 00:07:50,720 --> 00:07:55,560 Speaker 1: I had access to people and collectors and people that 148 00:07:55,680 --> 00:07:58,320 Speaker 1: was drinking these crazy wines and these wine clubs. So 149 00:07:58,360 --> 00:08:01,120 Speaker 1: I had access to all of those people. So I 150 00:08:01,200 --> 00:08:04,240 Speaker 1: always wanted to know, Okay, if I can get into 151 00:08:04,320 --> 00:08:06,400 Speaker 1: this circle, if I can appiece to this circle. If 152 00:08:06,440 --> 00:08:09,080 Speaker 1: I can bring wine to the dinner and I can 153 00:08:09,200 --> 00:08:12,720 Speaker 1: make this you know, specific circle be like, h this 154 00:08:12,800 --> 00:08:14,120 Speaker 1: guy know what he's talking about. 155 00:08:14,160 --> 00:08:14,920 Speaker 4: He's for real. 156 00:08:15,000 --> 00:08:17,560 Speaker 1: Then I felt like I've proven myself. So it was 157 00:08:17,600 --> 00:08:19,760 Speaker 1: just taking my time here in New York. And I 158 00:08:19,800 --> 00:08:22,680 Speaker 1: will say New York actually helped me kind of broaden 159 00:08:22,720 --> 00:08:25,480 Speaker 1: my horizon to think globally as far as the wine 160 00:08:25,520 --> 00:08:26,960 Speaker 1: industry and the wine business goes. 161 00:08:27,200 --> 00:08:28,880 Speaker 4: So I can talk a little bit about the marketing 162 00:08:28,920 --> 00:08:29,559 Speaker 4: of this wine. 163 00:08:29,640 --> 00:08:31,600 Speaker 9: Just a minute ago, we referenced the price point, and 164 00:08:31,640 --> 00:08:34,240 Speaker 9: it is a higher price point. This is a premium product. Yes, 165 00:08:34,520 --> 00:08:37,040 Speaker 9: how did you arrive that this was wherever it's going 166 00:08:37,080 --> 00:08:37,360 Speaker 9: to be. 167 00:08:37,440 --> 00:08:40,840 Speaker 7: The wonderful thing about our relationship with Constellation Brands and 168 00:08:40,920 --> 00:08:44,400 Speaker 7: Robert Montdabby Winery specifically is that we were both bringing 169 00:08:44,440 --> 00:08:46,880 Speaker 7: something very unique to the table. You know, we have 170 00:08:47,120 --> 00:08:51,440 Speaker 7: this innovation of tradition with Robert Montdabby Winery, and we 171 00:08:51,559 --> 00:08:55,920 Speaker 7: have this creativity and mellow and I having ability to 172 00:08:56,160 --> 00:08:59,000 Speaker 7: reach people in a different way. I definitely will say 173 00:08:59,040 --> 00:09:04,000 Speaker 7: that we have some of them most exciting experiences when 174 00:09:04,040 --> 00:09:06,160 Speaker 7: it comes to releasing our wine. For sure, we have 175 00:09:06,240 --> 00:09:09,240 Speaker 7: a good time. That's part of the wine drinking experience 176 00:09:09,480 --> 00:09:12,400 Speaker 7: is what is the experience that we are bringing to 177 00:09:12,440 --> 00:09:15,200 Speaker 7: the table. So for us, we really have leaned into 178 00:09:15,600 --> 00:09:18,680 Speaker 7: the idea that when you drink our wine, we want 179 00:09:18,720 --> 00:09:21,080 Speaker 7: it to be an experience, not just to taste it 180 00:09:21,120 --> 00:09:24,319 Speaker 7: for the sake of having a glass, but what happens. 181 00:09:24,600 --> 00:09:27,320 Speaker 7: And so for us, even in the naming of our wine, 182 00:09:27,559 --> 00:09:30,360 Speaker 7: that was very important Ode to Soul. 183 00:09:30,720 --> 00:09:32,559 Speaker 4: Talk about the naming of that wine here. 184 00:09:32,600 --> 00:09:35,160 Speaker 9: I mean this is a reference to a very famous 185 00:09:35,320 --> 00:09:39,640 Speaker 9: Haitian general, basically someone responsible for the Haitian Revolution. I mean, 186 00:09:39,679 --> 00:09:42,160 Speaker 9: you're not Haitian, No, you're Puerto Rica, and I'm not 187 00:09:42,200 --> 00:09:43,880 Speaker 9: sure what you are. How did you arrive on that? 188 00:09:43,920 --> 00:09:44,880 Speaker 9: Why did you choose him? 189 00:09:45,080 --> 00:09:49,920 Speaker 7: Well, you're speaking of Oath of Fidelity with Tucson. Oh yes, yes, 190 00:09:50,000 --> 00:09:53,200 Speaker 7: So that was our twenty seventeen chateaun of depop which 191 00:09:53,280 --> 00:09:56,280 Speaker 7: was exceptional and it was well received by the community. 192 00:09:56,320 --> 00:09:56,760 Speaker 10: For sure. 193 00:09:57,320 --> 00:10:00,920 Speaker 7: Ode to Soul was really a collaboration of all of us, 194 00:10:01,000 --> 00:10:04,160 Speaker 7: both myself and Mellow as well as the Robert Mondavi team. 195 00:10:04,800 --> 00:10:08,480 Speaker 7: We decided that we wanted this to be a wine 196 00:10:08,480 --> 00:10:13,480 Speaker 7: that paid homage to history and the history that means 197 00:10:13,480 --> 00:10:16,559 Speaker 7: something to you. For us specifically, it's around wine, it's 198 00:10:16,600 --> 00:10:20,960 Speaker 7: around our native people, it's around our ancestors, and so 199 00:10:21,120 --> 00:10:23,520 Speaker 7: we are paying homage to those that came before us 200 00:10:23,840 --> 00:10:27,320 Speaker 7: to open the doors for people who were coming next 201 00:10:27,360 --> 00:10:29,760 Speaker 7: for us. And I know, Mellow, you have a very 202 00:10:29,800 --> 00:10:31,400 Speaker 7: specific point of view. 203 00:10:31,880 --> 00:10:33,360 Speaker 2: It's right on right. 204 00:10:33,400 --> 00:10:36,200 Speaker 1: It's that you know, I'm a music guy, right, I 205 00:10:36,240 --> 00:10:38,360 Speaker 1: love music, So you hear old to soul and just 206 00:10:38,480 --> 00:10:41,520 Speaker 1: it dances right, and so it's a lot of similarities 207 00:10:41,559 --> 00:10:44,520 Speaker 1: from you know, the naming process is not something that 208 00:10:44,559 --> 00:10:47,040 Speaker 1: we we actually just come up with a name, like 209 00:10:47,080 --> 00:10:49,080 Speaker 1: we really put thought into it. We really want to 210 00:10:49,120 --> 00:10:51,960 Speaker 1: create content around, we want to tell stories. And then 211 00:10:52,280 --> 00:10:54,800 Speaker 1: I think one of the most important things is the 212 00:10:54,800 --> 00:10:58,120 Speaker 1: fact that we're able to engage communities right to create 213 00:10:58,160 --> 00:11:01,360 Speaker 1: these actual experiences where we don't have We don't go 214 00:11:01,400 --> 00:11:03,560 Speaker 1: out there and try to sell wine in a traditional way, 215 00:11:03,600 --> 00:11:04,520 Speaker 1: like we don't Bloomberg. 216 00:11:04,559 --> 00:11:05,520 Speaker 4: It's like it's. 217 00:11:05,360 --> 00:11:07,880 Speaker 1: We're doing a different because of the price point, but 218 00:11:07,920 --> 00:11:10,400 Speaker 1: it's it's it's you know, what we do is we 219 00:11:10,400 --> 00:11:15,480 Speaker 1: we allow our community to experience those experiences, right, and 220 00:11:15,520 --> 00:11:17,920 Speaker 1: we create these taste things and we create these moments 221 00:11:17,920 --> 00:11:19,960 Speaker 1: to where people come in and they want to be 222 00:11:20,040 --> 00:11:22,800 Speaker 1: a part of the story and a part of the community, 223 00:11:22,840 --> 00:11:24,920 Speaker 1: and then the wine comes after that. 224 00:11:25,320 --> 00:11:27,280 Speaker 9: Yeah, you have any friendly competition with some of the 225 00:11:27,280 --> 00:11:29,240 Speaker 9: other players, I mean, d Wade's got his own wine, 226 00:11:29,640 --> 00:11:30,240 Speaker 9: a few others. 227 00:11:30,400 --> 00:11:32,240 Speaker 4: You just call them up and be like, yo, yours 228 00:11:32,280 --> 00:11:34,200 Speaker 4: ain't seven No, no, you know, we. 229 00:11:34,480 --> 00:11:37,160 Speaker 1: Don't have those type of conversations. But it's it's more 230 00:11:37,240 --> 00:11:40,040 Speaker 1: so like, how could we create the experience like you 231 00:11:40,040 --> 00:11:42,040 Speaker 1: you have yours, you have yours, you have yours. How 232 00:11:42,040 --> 00:11:45,960 Speaker 1: could we create an experience where everybody is a part 233 00:11:46,040 --> 00:11:48,840 Speaker 1: of this community and engaging and you get to sell 234 00:11:48,880 --> 00:11:51,040 Speaker 1: your wine. I sell my wine, We get to taste wine, 235 00:11:51,040 --> 00:11:52,360 Speaker 1: and we get to have a good time. 236 00:11:52,640 --> 00:11:56,480 Speaker 2: That's former multi time NBA All Star and former New 237 00:11:56,559 --> 00:11:59,920 Speaker 2: York Knicks player Carmelo Anthony, along with his business partner 238 00:12:00,080 --> 00:12:04,319 Speaker 2: Asanni Swan, speaking with our Bloomberg TV colleagues Remain Bustic 239 00:12:04,720 --> 00:12:08,199 Speaker 2: and Scarlet Foo about his new venture in luxury wine. 240 00:12:08,240 --> 00:12:11,000 Speaker 2: Here that full conversation on demand now on the Bloomberg 241 00:12:11,040 --> 00:12:14,920 Speaker 2: Talks podcast. Check it out and subscribe on Apple, Spotify 242 00:12:14,920 --> 00:12:17,440 Speaker 2: and anywhere else should get your podcasts. Up next on 243 00:12:17,480 --> 00:12:22,200 Speaker 2: the show, he says pitch limits are not helping starting pitchers. 244 00:12:22,480 --> 00:12:24,920 Speaker 2: We'll get more on that with MLB Hall of Famer 245 00:12:25,000 --> 00:12:28,520 Speaker 2: John Smokes. You're listening to the Bloomberg Business of Sports 246 00:12:28,559 --> 00:12:38,120 Speaker 2: from Bloomberg Radio around the world. This is Bloomberg Business 247 00:12:38,120 --> 00:12:43,280 Speaker 2: of Sports from Bloomberg Radio. This is the Bloomberg Business 248 00:12:43,280 --> 00:12:45,560 Speaker 2: of Sports show where we explore the big money issues 249 00:12:45,559 --> 00:12:47,880 Speaker 2: in the world of sports. I'm Michael Barr and along 250 00:12:47,920 --> 00:12:51,920 Speaker 2: with my colleagues Scarlett fou and Damian Sasaur. We're only 251 00:12:51,960 --> 00:12:55,000 Speaker 2: a few weeks out from the Midsummer Classic in baseball. 252 00:12:55,360 --> 00:12:59,440 Speaker 2: This year's MLB All Star Game is July sixteenth at 253 00:12:59,520 --> 00:13:03,720 Speaker 2: Globe Live Field in Arlington, Texas. Now that we're inching 254 00:13:03,760 --> 00:13:06,120 Speaker 2: closer to the halfway point, we wanted to check in 255 00:13:06,559 --> 00:13:08,959 Speaker 2: on the state of the sport with an old friend 256 00:13:09,000 --> 00:13:11,840 Speaker 2: of the show, John Smoltz. He is an eight time 257 00:13:12,000 --> 00:13:15,080 Speaker 2: MLB All Star himself and is now an analyst for 258 00:13:15,160 --> 00:13:18,000 Speaker 2: Fox Sports. We spoke with him earlier this week before 259 00:13:18,120 --> 00:13:21,720 Speaker 2: Willie May's passing for his thoughts on the season so far. 260 00:13:22,280 --> 00:13:24,680 Speaker 2: And I'm looking at some teams that are just like 261 00:13:25,280 --> 00:13:29,440 Speaker 2: kicking behind, like the Baltimore Orioles and the New York Yankees. 262 00:13:29,480 --> 00:13:32,000 Speaker 3: Your thoughts, Yeah, we have a a kind of a 263 00:13:32,040 --> 00:13:35,160 Speaker 3: top heavy league right now, meaning there's five teams that 264 00:13:35,240 --> 00:13:38,240 Speaker 3: separate themselves against the rest. That doesn't mean some of 265 00:13:38,240 --> 00:13:41,000 Speaker 3: the other teams that are kind of floundering around five 266 00:13:41,080 --> 00:13:43,760 Speaker 3: hundred can't make a move. But you've got the Dodgers 267 00:13:43,800 --> 00:13:46,400 Speaker 3: and unfortunately they've had a couple injuries that don't work 268 00:13:46,440 --> 00:13:48,880 Speaker 3: well for them. The Braves had the two worst injuries 269 00:13:48,920 --> 00:13:51,079 Speaker 3: they could have. The Baltimore Oriols and the New York 270 00:13:51,160 --> 00:13:54,160 Speaker 3: Yankees are head and shoulders above the rest. Philadelphia coming 271 00:13:54,280 --> 00:13:56,400 Speaker 3: right in there as well. But I think what you're 272 00:13:56,400 --> 00:13:59,079 Speaker 3: going to see in this year is baseball season is 273 00:13:59,120 --> 00:14:02,160 Speaker 3: you've got a ton of teams kind of all grouped 274 00:14:02,200 --> 00:14:04,960 Speaker 3: in the same category trying to fight for those remaining 275 00:14:04,960 --> 00:14:08,160 Speaker 3: playoff spots, and the trade deadline is going to be 276 00:14:08,240 --> 00:14:11,440 Speaker 3: huge to determine some of those team's success. And they're 277 00:14:11,480 --> 00:14:15,560 Speaker 3: all got the Arizona Diamondbacks in their vision, meaning what 278 00:14:15,640 --> 00:14:18,760 Speaker 3: Arizona did last year gives a lot of these teams 279 00:14:18,840 --> 00:14:21,480 Speaker 3: hope that they could be this year's version of the 280 00:14:21,520 --> 00:14:22,680 Speaker 3: Arizona Diamondbacks. 281 00:14:22,720 --> 00:14:25,200 Speaker 11: Last year well, John, I really like that you mentioned 282 00:14:25,240 --> 00:14:26,760 Speaker 11: the injuries, you know, and we had a spade of 283 00:14:26,800 --> 00:14:29,640 Speaker 11: them this year, including your Atlanta Braids losing Spencer Strider. 284 00:14:29,640 --> 00:14:31,960 Speaker 11: We've Scheene Bieber's on the fence, I mean, most recently 285 00:14:32,000 --> 00:14:34,760 Speaker 11: Mookie Betts and Anthony Rizzo. But talk to us a 286 00:14:34,800 --> 00:14:37,200 Speaker 11: little bit about what your expectations are as we get 287 00:14:37,240 --> 00:14:39,080 Speaker 11: into the second half. Can some of these players actually 288 00:14:39,080 --> 00:14:40,600 Speaker 11: come back in time to make a difference. 289 00:14:40,760 --> 00:14:43,960 Speaker 3: I think they can. The biggest problem in the game 290 00:14:44,080 --> 00:14:46,720 Speaker 3: is injuries, and no one seems to want to address it. 291 00:14:46,760 --> 00:14:48,400 Speaker 3: They just kind of look the other way and say 292 00:14:48,440 --> 00:14:50,720 Speaker 3: it's part of the game. And unfortunately, for a lot 293 00:14:50,760 --> 00:14:54,200 Speaker 3: of these pitchers, the ones you've mentioned are veterans, it 294 00:14:54,240 --> 00:14:56,120 Speaker 3: gives them a better chance to come back. They know 295 00:14:56,160 --> 00:14:58,880 Speaker 3: how to pitch, But young pitchers have no guarantee because 296 00:14:59,160 --> 00:15:01,480 Speaker 3: they have not got in their stripes and learn how 297 00:15:01,520 --> 00:15:03,600 Speaker 3: to pitch with the kind of arsenal that they have, 298 00:15:03,800 --> 00:15:06,440 Speaker 3: So it's a little more of a crapshoot with them. 299 00:15:06,520 --> 00:15:08,400 Speaker 3: It's a little more of a given. With a de 300 00:15:08,480 --> 00:15:10,400 Speaker 3: Gram and a sures Aer and a coal and a 301 00:15:10,480 --> 00:15:12,680 Speaker 3: Kershaw is going to come back somehow. In the second 302 00:15:12,680 --> 00:15:15,800 Speaker 3: half of the Dodgers. So I think the biggest problem 303 00:15:16,240 --> 00:15:18,800 Speaker 3: that a lot of these guys' face is they're going 304 00:15:18,880 --> 00:15:21,600 Speaker 3: back to really, really good teams and they're going to 305 00:15:21,680 --> 00:15:23,920 Speaker 3: want to contribute like they never left. It's going to 306 00:15:23,960 --> 00:15:26,800 Speaker 3: take three to five starts for these guys to get 307 00:15:26,880 --> 00:15:29,840 Speaker 3: well back into the groove and then hopefully there's no 308 00:15:29,960 --> 00:15:31,600 Speaker 3: hiccups the rest of the way. 309 00:15:31,400 --> 00:15:33,440 Speaker 5: In if we take a step back. I have just 310 00:15:33,520 --> 00:15:36,200 Speaker 5: marveled at how much more I've enjoyed watching baseball these 311 00:15:36,240 --> 00:15:38,920 Speaker 5: last two seasons. With the new rules that reduce the 312 00:15:38,960 --> 00:15:42,440 Speaker 5: amount of time each game takes, there's now so much 313 00:15:42,480 --> 00:15:45,080 Speaker 5: focus John on pitch count, and with the pitch clock, 314 00:15:45,160 --> 00:15:47,480 Speaker 5: there is a lot more management around the starting pitcher's 315 00:15:47,520 --> 00:15:50,160 Speaker 5: time on the mound. I'm curious to get your take 316 00:15:50,200 --> 00:15:52,360 Speaker 5: on what this means for the starting pitcher's role as 317 00:15:52,360 --> 00:15:54,920 Speaker 5: we head into the mid twenty twenties. Is the starting 318 00:15:54,960 --> 00:15:57,880 Speaker 5: pitcher's role being diminished? I mean the San Francisco Giants 319 00:15:57,960 --> 00:16:01,360 Speaker 5: last year often went to the bullpen after two or three. 320 00:16:00,760 --> 00:16:04,000 Speaker 3: Yeah, it's the definition of insanity doing the same thing 321 00:16:04,080 --> 00:16:06,720 Speaker 3: over and over again expecting different results. This is the 322 00:16:06,720 --> 00:16:10,240 Speaker 3: one area that won't change until there's a rule change, 323 00:16:10,280 --> 00:16:12,760 Speaker 3: and it's common. They just can't enforce it right away 324 00:16:12,760 --> 00:16:15,400 Speaker 3: because they just made two great, three great rule changes 325 00:16:15,760 --> 00:16:18,440 Speaker 3: to do exactly what you just said. But the starting 326 00:16:18,480 --> 00:16:21,840 Speaker 3: pitching has been trying to be eliminated by analytics for 327 00:16:21,880 --> 00:16:24,760 Speaker 3: a long time, and then they realized about halfway through, 328 00:16:24,840 --> 00:16:27,520 Speaker 3: oh shoot, this can't happen. We need starting pitching and 329 00:16:27,560 --> 00:16:30,160 Speaker 3: there is none to be found. So that's what everybody's 330 00:16:30,200 --> 00:16:33,680 Speaker 3: looking for. But that's what everything's breaking down. The reward 331 00:16:33,760 --> 00:16:35,960 Speaker 3: system is why the players are chasing it, and I 332 00:16:36,000 --> 00:16:38,680 Speaker 3: don't blame them, but the reward system is flawed. You're 333 00:16:38,720 --> 00:16:41,000 Speaker 3: asking pitchers to throw as hard as they can, spin 334 00:16:41,080 --> 00:16:43,040 Speaker 3: it as much as they can, and then, oh, by 335 00:16:43,040 --> 00:16:45,120 Speaker 3: the way, limit what they do once they get near 336 00:16:45,160 --> 00:16:48,479 Speaker 3: one hundred pitches. It's a broke system. It's a broke philosophy. 337 00:16:48,680 --> 00:16:51,160 Speaker 3: You won't hear anybody talk about it. I've been talking 338 00:16:51,200 --> 00:16:54,160 Speaker 3: about it for ten years. But until there's rule changes, 339 00:16:54,320 --> 00:16:57,640 Speaker 3: nothing will change because philosophically they think this is the 340 00:16:57,680 --> 00:17:00,800 Speaker 3: way to navigate a season. The end of the season, 341 00:17:00,840 --> 00:17:03,720 Speaker 3: you'll have thirty to forty pitchers go through your roster 342 00:17:04,320 --> 00:17:08,239 Speaker 3: per team. Think about that. That's impossible to sustain. So 343 00:17:08,480 --> 00:17:11,600 Speaker 3: I hope that we get to the next phase of 344 00:17:11,640 --> 00:17:14,159 Speaker 3: what the game is moving in a great place with 345 00:17:14,280 --> 00:17:18,040 Speaker 3: great talent. These are some of the best pitching prospects 346 00:17:18,040 --> 00:17:21,440 Speaker 3: and arms we have ever seen, but we don't get 347 00:17:21,440 --> 00:17:24,359 Speaker 3: to see them long enough because of the injuries. That's 348 00:17:24,400 --> 00:17:26,879 Speaker 3: what I have been burdened by. That's why I have 349 00:17:26,960 --> 00:17:30,080 Speaker 3: been kind of screaming at the mountaintop. This doesn't work, 350 00:17:30,440 --> 00:17:33,560 Speaker 3: it never will work, and we're asking people to just 351 00:17:33,640 --> 00:17:36,639 Speaker 3: get brainwashed to think that this is the new normal. 352 00:17:36,920 --> 00:17:39,320 Speaker 5: What kind of rule do you think would work and 353 00:17:39,440 --> 00:17:42,720 Speaker 5: how do you think that will change way pitchers are compensated. 354 00:17:42,960 --> 00:17:45,840 Speaker 3: Well, much like the rule changes that exist today, nobody 355 00:17:45,920 --> 00:17:48,240 Speaker 3: was going to change the way they played baseball. Now 356 00:17:48,240 --> 00:17:50,800 Speaker 3: they have to. You can't stay stuck in the last 357 00:17:50,800 --> 00:17:54,440 Speaker 3: seven years and play the analytic kind of stratomatic baseball 358 00:17:54,680 --> 00:17:57,840 Speaker 3: because the rule changes have enhanced you to change your philosophy. 359 00:17:58,119 --> 00:18:01,760 Speaker 3: So when a rule change, similar to roster manipulation, you 360 00:18:02,280 --> 00:18:04,840 Speaker 3: limit how many pitchers could be on a roster, You 361 00:18:04,920 --> 00:18:07,000 Speaker 3: limit how many times they can come up and down. 362 00:18:07,080 --> 00:18:10,000 Speaker 3: Those are ways to change philosophy of how you ask 363 00:18:10,040 --> 00:18:13,320 Speaker 3: a starter to pitch more innings. I floated an idea 364 00:18:13,320 --> 00:18:15,040 Speaker 3: a long time ago, and they thought I had fell 365 00:18:15,040 --> 00:18:17,080 Speaker 3: off a tree and hit my head, because they said, 366 00:18:17,080 --> 00:18:19,240 Speaker 3: that's the dumbest thing I've ever heard. But there are 367 00:18:19,280 --> 00:18:22,080 Speaker 3: no such things as dumb things anymore when you want 368 00:18:22,080 --> 00:18:24,920 Speaker 3: to change the course of action, So I said, why 369 00:18:24,920 --> 00:18:27,600 Speaker 3: don't you tie your starting pitcher to the DH And 370 00:18:27,640 --> 00:18:30,880 Speaker 3: they're like, that's terrible. I said, no, it's a competitive advantage. Now. 371 00:18:31,240 --> 00:18:33,800 Speaker 3: If you want your DH in the game longer, then 372 00:18:33,880 --> 00:18:36,200 Speaker 3: your starter will go longer. If you want to pitch 373 00:18:36,200 --> 00:18:38,360 Speaker 3: a guy two innings, then you got to pinch hit 374 00:18:38,400 --> 00:18:40,359 Speaker 3: the rest of the game. Those are the kind of 375 00:18:40,400 --> 00:18:43,199 Speaker 3: ideas you've got to think innovatively if you want to 376 00:18:43,320 --> 00:18:46,760 Speaker 3: change the philosophy of how pitching is being managed, because 377 00:18:46,840 --> 00:18:49,919 Speaker 3: right now, the same thing's going to happen in the 378 00:18:49,960 --> 00:18:52,520 Speaker 3: rest of the time, because this is what they figured out. 379 00:18:53,000 --> 00:18:55,919 Speaker 3: I have enough arms. They're not ready, but I have 380 00:18:56,119 --> 00:18:59,720 Speaker 3: enough arms to fulfill a calendar year if some of 381 00:18:59,760 --> 00:19:02,720 Speaker 3: my eyes get hurt or I'm kind of managing the innings. 382 00:19:03,240 --> 00:19:05,439 Speaker 2: See now, and that brings me up to what you 383 00:19:05,560 --> 00:19:09,919 Speaker 2: said to what happened Renaul Blanco, He already pitched a 384 00:19:10,000 --> 00:19:12,719 Speaker 2: no hitter, and he was on his way on a 385 00:19:12,880 --> 00:19:18,080 Speaker 2: second no hitter, and the Astros manager then pulled him 386 00:19:18,119 --> 00:19:22,600 Speaker 2: after ninety four pitches. Now, and there are both sides 387 00:19:22,640 --> 00:19:25,040 Speaker 2: to this argument here, It's like, all right, wait, first 388 00:19:25,080 --> 00:19:28,280 Speaker 2: of all, he's throwing ninety four pitches, but he's on 389 00:19:28,320 --> 00:19:33,000 Speaker 2: a no hitter. And I'm still unclear what side to 390 00:19:33,080 --> 00:19:34,600 Speaker 2: fall on about this. 391 00:19:34,720 --> 00:19:39,520 Speaker 3: John, Well, imagine how fixated your brain has been the 392 00:19:39,600 --> 00:19:43,600 Speaker 3: last ten years about pitch count. There's no scientific evidence 393 00:19:43,640 --> 00:19:46,639 Speaker 3: to pitch counts, none, But we think a guy's going 394 00:19:46,720 --> 00:19:49,040 Speaker 3: to break once he gets to one hundred. I've watched 395 00:19:49,080 --> 00:19:51,200 Speaker 3: games with people and they go, oh my gosh, he's 396 00:19:51,200 --> 00:19:53,520 Speaker 3: got ninety eight pitches. I said, don't worry, he's not 397 00:19:53,520 --> 00:19:56,320 Speaker 3: going to break. Like we think that they have come 398 00:19:56,400 --> 00:20:00,960 Speaker 3: up with a number that universally transformed a pitcher into 399 00:20:01,040 --> 00:20:04,159 Speaker 3: an ridge injury risk. Here's the problem with that. Not 400 00:20:04,280 --> 00:20:07,399 Speaker 3: everybody's the same. You could have a clean game, clean mechanics, 401 00:20:07,400 --> 00:20:09,359 Speaker 3: and not be in any stress. That number is not 402 00:20:09,520 --> 00:20:11,440 Speaker 3: relevant to a guy who's getting out of a jam, 403 00:20:11,480 --> 00:20:15,120 Speaker 3: pitching in a lot of trouble, and throwing with bad mechanics. 404 00:20:15,400 --> 00:20:18,200 Speaker 3: I would argue that the pitch count single handedly has 405 00:20:18,320 --> 00:20:21,359 Speaker 3: hurt the game in the way that we manage it 406 00:20:21,440 --> 00:20:24,960 Speaker 3: and the way that they have these golden rules. See again, 407 00:20:25,600 --> 00:20:30,119 Speaker 3: analytics came into the game not almost guarantee them that 408 00:20:30,160 --> 00:20:32,159 Speaker 3: they would put players in the best place to be 409 00:20:32,240 --> 00:20:36,000 Speaker 3: successful and keep them healthy. Well, only half of that's 410 00:20:36,040 --> 00:20:39,600 Speaker 3: been true, and so you never talk about keeping them 411 00:20:39,600 --> 00:20:42,760 Speaker 3: healthy because they know that doesn't work. So when they 412 00:20:42,920 --> 00:20:46,000 Speaker 3: play it safe and they're rewarding a pitcher to not 413 00:20:46,040 --> 00:20:49,680 Speaker 3: throw one hundred or that is the most ridiculous line 414 00:20:49,680 --> 00:20:52,600 Speaker 3: of thinking because if it was working, I would never 415 00:20:52,640 --> 00:20:55,000 Speaker 3: say a work. If all of a sudden the injuries 416 00:20:55,040 --> 00:20:57,840 Speaker 3: got cut in half because we monitored the pitch count, 417 00:20:58,040 --> 00:21:01,119 Speaker 3: then I'd say, wow, that's pretty cool. But it's not working, 418 00:21:01,440 --> 00:21:05,040 Speaker 3: and it doesn't. So that's an artificial number that's been 419 00:21:05,119 --> 00:21:08,119 Speaker 3: thrown out there that you can't get fired by and 420 00:21:08,160 --> 00:21:10,679 Speaker 3: you can't get critiqued by if you adhere to it. 421 00:21:11,119 --> 00:21:14,120 Speaker 3: So just watch the next pitcher that throws one hundred 422 00:21:14,160 --> 00:21:15,959 Speaker 3: and fifteen or one hundred and twenty pitches. If we 423 00:21:16,000 --> 00:21:19,439 Speaker 3: get there, yeah, they're gonna push him back, save us. 424 00:21:19,640 --> 00:21:22,359 Speaker 3: Like They're going to do so many things because they 425 00:21:22,440 --> 00:21:25,520 Speaker 3: feel like they have to based on like I said, 426 00:21:25,600 --> 00:21:28,600 Speaker 3: what everybody believes is one hundred pitches and if you 427 00:21:28,680 --> 00:21:31,040 Speaker 3: go north to that, you're running the risk of trouble. 428 00:21:31,400 --> 00:21:35,359 Speaker 3: Yet yet come postseason, all rules are gone. 429 00:21:35,520 --> 00:21:35,720 Speaker 8: Yeah. 430 00:21:35,840 --> 00:21:39,000 Speaker 3: Right, at the worst time, the most risk time of 431 00:21:39,040 --> 00:21:41,680 Speaker 3: the year, all those rules go out the window. And 432 00:21:41,760 --> 00:21:45,440 Speaker 3: I kind of somehow chuckle, thinking, oh, really that this 433 00:21:45,680 --> 00:21:48,080 Speaker 3: time of the year. Now we don't have any handcuffs 434 00:21:48,080 --> 00:21:51,160 Speaker 3: put on anybody. So it's pretty interesting how it plays out. 435 00:21:51,280 --> 00:21:53,320 Speaker 11: Well, John, I'd love to spend all day talking about 436 00:21:53,320 --> 00:21:54,960 Speaker 11: Major League Baseball with you, but I'm gonna steal a 437 00:21:54,960 --> 00:21:58,000 Speaker 11: phrase from my colleague Michael bar golf golf, golf, golf, golf, golf, golf. 438 00:21:58,200 --> 00:22:01,320 Speaker 11: And you know, we have the I mean the American 439 00:22:01,359 --> 00:22:04,840 Speaker 11: Century Championship coming up. I mean our audience knows how 440 00:22:04,920 --> 00:22:07,080 Speaker 11: involved in that you are. I mean, my goodness, Steph 441 00:22:07,160 --> 00:22:10,120 Speaker 11: Kerry with the Steph Curry, sorry, with the walk off 442 00:22:10,200 --> 00:22:13,439 Speaker 11: eagle putt netpik fashion last year. What are your chances 443 00:22:13,480 --> 00:22:14,840 Speaker 11: this year, mister Smolts, Are we going. 444 00:22:14,760 --> 00:22:17,040 Speaker 3: To take it? Yeah? I'm trending in the right direction. 445 00:22:17,400 --> 00:22:17,719 Speaker 2: I am. 446 00:22:19,280 --> 00:22:21,720 Speaker 3: In the two tournaments this year, I finished sixth at 447 00:22:21,800 --> 00:22:24,399 Speaker 3: finished second. I lost by one to Marty Fish in Dallas. 448 00:22:25,000 --> 00:22:27,200 Speaker 3: I made a bow to myself that would never happen 449 00:22:27,280 --> 00:22:29,320 Speaker 3: I had. I had a one shot lead going into 450 00:22:29,400 --> 00:22:33,000 Speaker 3: that hole and look lost. So it's a learning experience 451 00:22:33,160 --> 00:22:34,960 Speaker 3: and if I live or learned how to put those 452 00:22:35,240 --> 00:22:38,040 Speaker 3: Tahoe greens, watch out. And that's what my mindset is. 453 00:22:38,440 --> 00:22:41,080 Speaker 3: It's the greatest tournament we have. It's an absolute blast. 454 00:22:41,119 --> 00:22:44,280 Speaker 3: I've raised so much money for great charities, and there's 455 00:22:44,320 --> 00:22:47,199 Speaker 3: a collection of celebrities that is unique to any other 456 00:22:47,280 --> 00:22:49,840 Speaker 3: time of the world, in any other setting. And it's 457 00:22:49,920 --> 00:22:52,600 Speaker 3: the perfect setting for July. The weather's great, the place 458 00:22:52,920 --> 00:22:53,600 Speaker 3: night here. 459 00:22:53,600 --> 00:22:56,600 Speaker 11: I mean Southy, I mean John, whit do you stay? 460 00:22:56,600 --> 00:22:58,480 Speaker 11: Do you stay on somebody's boat? I mean, what would 461 00:22:58,480 --> 00:23:01,000 Speaker 11: tell you to stay? And when you're out there, we. 462 00:23:01,160 --> 00:23:04,160 Speaker 3: Stay in a two bedroom condo down by all where 463 00:23:04,200 --> 00:23:07,600 Speaker 3: the boats are. It's an absolute great set up for 464 00:23:07,720 --> 00:23:11,240 Speaker 3: me and my wife and Greg Olsen, my former catcher. 465 00:23:11,320 --> 00:23:13,159 Speaker 3: He's caddying for me and his wife. We have an 466 00:23:13,160 --> 00:23:15,879 Speaker 3: absolute blast. The beauty of this year. I'll be out 467 00:23:15,920 --> 00:23:18,560 Speaker 3: there all week because the All Star Game, luckily for me, 468 00:23:19,320 --> 00:23:22,520 Speaker 3: is after Tahoe. Normally it's right during the middle of 469 00:23:22,560 --> 00:23:25,119 Speaker 3: Tahoe and I come flying in by the seat of 470 00:23:25,200 --> 00:23:28,080 Speaker 3: my pants on Thursday and try to remember how to 471 00:23:28,119 --> 00:23:30,120 Speaker 3: play golf. So this is going to be a fun week. 472 00:23:30,680 --> 00:23:32,880 Speaker 5: You have played in ten of these events, and you've 473 00:23:32,920 --> 00:23:35,040 Speaker 5: made the cut in nine of them, and there have 474 00:23:35,119 --> 00:23:38,080 Speaker 5: been a lot of questions about whether you could turn professional. 475 00:23:38,680 --> 00:23:40,480 Speaker 5: Where do you stand on that right now, especially with 476 00:23:40,720 --> 00:23:44,440 Speaker 5: the whole Live Versus PGA saga and drama that's taking place. 477 00:23:44,920 --> 00:23:47,640 Speaker 3: My biggest thing is I love competition and I love competing. 478 00:23:48,200 --> 00:23:52,479 Speaker 3: For the US Senior Open, I missed the Open by 479 00:23:52,520 --> 00:23:57,320 Speaker 3: one shot. I almost qualified again. I've got brand new hips. 480 00:23:57,720 --> 00:24:02,040 Speaker 3: I'm excited about getting physically in shape again. I'll be honest, 481 00:24:02,040 --> 00:24:04,159 Speaker 3: the last five years have been miserable for me. I've 482 00:24:04,200 --> 00:24:06,080 Speaker 3: been trying to fake it and get through it. But 483 00:24:06,160 --> 00:24:08,120 Speaker 3: I finally bit the bullet. This will be the first 484 00:24:08,200 --> 00:24:10,720 Speaker 3: golf tournament at Tahoe. I'll have two new hips that 485 00:24:11,200 --> 00:24:13,800 Speaker 3: walking five and a half hours won't matter as far 486 00:24:13,840 --> 00:24:16,399 Speaker 3: as the professional ranks. I still want to qualify for 487 00:24:16,520 --> 00:24:19,680 Speaker 3: things I want to try. But I'm fifty seven, and 488 00:24:19,880 --> 00:24:22,960 Speaker 3: as long as I can stay healthy, I love competition 489 00:24:23,119 --> 00:24:26,240 Speaker 3: and I love competing. Nothing I will ever do will 490 00:24:26,280 --> 00:24:28,600 Speaker 3: be full time because I have a full time job 491 00:24:28,680 --> 00:24:31,000 Speaker 3: with Fox and they've been great allowing me to play 492 00:24:31,040 --> 00:24:33,639 Speaker 3: in these selected events. So I have kind of the 493 00:24:33,720 --> 00:24:37,560 Speaker 3: best of both worlds and I'm very blessed to be able. 494 00:24:37,440 --> 00:24:37,920 Speaker 1: To do what I do. 495 00:24:38,240 --> 00:24:41,760 Speaker 2: That's eight time MLB All Star pitcher and now Fox 496 00:24:41,800 --> 00:24:45,200 Speaker 2: Sports analyst John Smoltz. If you missed any of that conversation, 497 00:24:45,359 --> 00:24:48,720 Speaker 2: take a listen now on the Bloomberg Business of Sports podcast. 498 00:24:49,200 --> 00:24:52,320 Speaker 2: Find it on Apple, Spotify and anywhere you get your 499 00:24:52,400 --> 00:24:55,680 Speaker 2: podcasts up. Next, we turn to the world of women's 500 00:24:55,720 --> 00:24:59,119 Speaker 2: golf and a firm that's been helping to elevate it. 501 00:24:59,440 --> 00:25:02,520 Speaker 2: You're listening to the Bloomberg Business of Sports from Bloomberg 502 00:25:02,640 --> 00:25:03,920 Speaker 2: Radio around the world. 503 00:25:09,640 --> 00:25:13,560 Speaker 3: This is Bloomberg Business of Sports from Bloomberg Radio. 504 00:25:15,560 --> 00:25:17,760 Speaker 2: This is the Bloomberg Business of Sports show, but we 505 00:25:17,880 --> 00:25:19,960 Speaker 2: explore the big money issues in the world of sports. 506 00:25:20,280 --> 00:25:23,040 Speaker 2: I'm Michael Barr along with my colleague Scarlett Foo and 507 00:25:23,359 --> 00:25:27,680 Speaker 2: Damien Sassaur. Golf golf, golf, golf, golf, Yes, we have 508 00:25:27,880 --> 00:25:31,639 Speaker 2: it right here, and we have Stacy Lewis with the 509 00:25:32,000 --> 00:25:38,120 Speaker 2: LPGA Tour and Paul Knopp, the CEO of KPMG. Thank 510 00:25:38,200 --> 00:25:40,560 Speaker 2: you so much, first of all for joining us on 511 00:25:40,600 --> 00:25:43,400 Speaker 2: the Bloomberg Business of Sports. We appreciate which to be here. 512 00:25:43,480 --> 00:25:44,760 Speaker 10: Yes, thank you for having us. 513 00:25:45,200 --> 00:25:47,920 Speaker 2: Well, let's start. First of all, I want to talk 514 00:25:47,960 --> 00:25:50,520 Speaker 2: about the status of golf. I want to talk about 515 00:25:51,000 --> 00:25:55,440 Speaker 2: where women's golf is today. Thank goodness, it is. It's 516 00:25:55,520 --> 00:26:02,479 Speaker 2: gaining steam every year, and eventually the broadcasting rights are 517 00:26:02,760 --> 00:26:05,680 Speaker 2: going to be going through the roof because it is 518 00:26:05,720 --> 00:26:06,760 Speaker 2: an exciting product. 519 00:26:07,119 --> 00:26:09,359 Speaker 10: It is it is, and we're in a great spot 520 00:26:09,440 --> 00:26:12,320 Speaker 10: as a tour. You know, purses are as high as 521 00:26:12,320 --> 00:26:15,000 Speaker 10: they've ever been, and you know, we're just we're continuing 522 00:26:15,040 --> 00:26:19,119 Speaker 10: to push, push for higher persons, more exposure for all 523 00:26:19,200 --> 00:26:22,560 Speaker 10: the players. But we're in a really great spot right now. 524 00:26:22,760 --> 00:26:25,200 Speaker 5: I want to bring Paul into this conversation because Paul, 525 00:26:25,600 --> 00:26:27,960 Speaker 5: you and Stacy have kind of been working together for 526 00:26:28,080 --> 00:26:31,239 Speaker 5: a while now, and at a KPMG kind event more 527 00:26:31,240 --> 00:26:33,399 Speaker 5: than ten years ago, it was Stacy who planted the 528 00:26:33,440 --> 00:26:37,360 Speaker 5: seed for what became the KPMG Women's PGA Championship. Can 529 00:26:37,440 --> 00:26:39,080 Speaker 5: you tell us a story of how that came together? 530 00:26:39,600 --> 00:26:42,840 Speaker 6: Sure, we have been a sponsor of Stacy since twenty 531 00:26:43,040 --> 00:26:46,920 Speaker 6: twelve and It was in twenty twelve that Stacey started 532 00:26:47,560 --> 00:26:51,320 Speaker 6: not only being our brand ambassador, but she also started 533 00:26:51,440 --> 00:26:54,560 Speaker 6: playing with clients at events and are then chair and 534 00:26:54,680 --> 00:26:57,719 Speaker 6: CEO John V. Meyer was at one of those events 535 00:26:57,800 --> 00:27:01,159 Speaker 6: where he heard Stacy talking about out the need to 536 00:27:01,240 --> 00:27:05,080 Speaker 6: elevate women's golf to ensure that they're playing on better courses, 537 00:27:05,240 --> 00:27:09,720 Speaker 6: iconic courses, courses where men played major championships, and a 538 00:27:09,840 --> 00:27:13,960 Speaker 6: real need to ensure the purses increase over time. And 539 00:27:14,119 --> 00:27:16,560 Speaker 6: John took note of that when she said that, and 540 00:27:17,200 --> 00:27:20,680 Speaker 6: that really did plant the seed for the title sponsorship 541 00:27:20,840 --> 00:27:24,200 Speaker 6: of a women's major event, which we started sponsoring in 542 00:27:24,280 --> 00:27:29,119 Speaker 6: twenty fifteen with a KPMG Women's PGA Championship. We feel like, 543 00:27:29,400 --> 00:27:31,040 Speaker 6: you know, over that course of that time, we've been 544 00:27:31,080 --> 00:27:34,399 Speaker 6: a real catalyst for change. In twenty fifteen, it was 545 00:27:34,480 --> 00:27:36,919 Speaker 6: only two point twenty five million. Wow, so it's increased 546 00:27:36,960 --> 00:27:40,399 Speaker 6: three hundred and sixty percent. And the winners share that 547 00:27:40,600 --> 00:27:43,320 Speaker 6: perse has increased from three hundred and thirty seven thousand 548 00:27:43,359 --> 00:27:46,359 Speaker 6: to one point five six million, the same three hundred 549 00:27:46,359 --> 00:27:48,240 Speaker 6: and sixty percent. And at the same time, you know, 550 00:27:48,320 --> 00:27:50,720 Speaker 6: the women the last ten years that we've been sponsoring 551 00:27:50,800 --> 00:27:54,320 Speaker 6: this tournament have played on these iconic courses where men 552 00:27:54,440 --> 00:27:58,080 Speaker 6: have played majors, so really excited about that kind of 553 00:27:58,240 --> 00:27:59,920 Speaker 6: change over the course of the last ten years. 554 00:28:00,280 --> 00:28:02,080 Speaker 2: Now, Paul, you got to help an old man here, 555 00:28:02,119 --> 00:28:07,920 Speaker 2: because KPMG is introducing new technology to help elevate women's 556 00:28:08,000 --> 00:28:11,760 Speaker 2: golf further. My technology is the roadary phone. So can 557 00:28:11,840 --> 00:28:15,240 Speaker 2: you explain what your technology G is and how it's 558 00:28:15,280 --> 00:28:15,920 Speaker 2: helping the game. 559 00:28:16,320 --> 00:28:18,760 Speaker 6: Yes, and that's been an evolution too. So three years 560 00:28:18,800 --> 00:28:22,879 Speaker 6: ago we put in place something called KPMG Performance Insights, 561 00:28:23,640 --> 00:28:27,080 Speaker 6: and that was really meant to give the women on 562 00:28:27,200 --> 00:28:31,640 Speaker 6: the LPGA Tour many of the same technology benefits, data 563 00:28:31,640 --> 00:28:34,960 Speaker 6: and benefits that the men had on the PGA Tour. 564 00:28:35,640 --> 00:28:40,040 Speaker 6: Now we have elevated that immensely starting this year in 565 00:28:40,160 --> 00:28:45,160 Speaker 6: this tournament with enhancing KPMG Performance Insights. What we do 566 00:28:45,240 --> 00:28:48,920 Speaker 6: for a living at KPMG we create solutions to companies' 567 00:28:49,000 --> 00:28:52,640 Speaker 6: most complex technology problems and data analytic problems. And with 568 00:28:52,800 --> 00:28:56,800 Speaker 6: respect to the enhancements this year, we have integrated, along 569 00:28:56,920 --> 00:29:00,600 Speaker 6: with the partnership with the PGA of America and T 570 00:29:00,880 --> 00:29:06,960 Speaker 6: Mobile technology to allow real time shot data for every shot, 571 00:29:07,360 --> 00:29:11,440 Speaker 6: approximately twenty four thousand shots in the tournament. That will 572 00:29:11,520 --> 00:29:14,920 Speaker 6: be measured during real time during the course of the tournament, 573 00:29:15,280 --> 00:29:18,200 Speaker 6: so that it allows several things to happen. One and 574 00:29:18,320 --> 00:29:22,120 Speaker 6: most importantly, it allows the women on the LPGA Tour 575 00:29:22,640 --> 00:29:25,760 Speaker 6: to have real time data to diagnose their game, understand 576 00:29:25,800 --> 00:29:29,000 Speaker 6: their game, improve their game. You can imagine somebody finishes 577 00:29:29,040 --> 00:29:32,680 Speaker 6: their around, they have every shot capture, they have knowledge. 578 00:29:32,360 --> 00:29:33,000 Speaker 2: About what they did. 579 00:29:33,040 --> 00:29:35,320 Speaker 6: If they have a particular issue with their game during 580 00:29:35,360 --> 00:29:37,400 Speaker 6: the course of the day, they can go work on 581 00:29:37,560 --> 00:29:41,640 Speaker 6: that with that real time data. There's also another aspect 582 00:29:41,680 --> 00:29:43,080 Speaker 6: to what we've done this here too, and that is 583 00:29:43,160 --> 00:29:49,520 Speaker 6: integrated artificial intelligence into KPMG Performance Insights, and that will 584 00:29:49,560 --> 00:29:53,040 Speaker 6: be used by the media by the booth to understand 585 00:29:53,400 --> 00:29:57,440 Speaker 6: the odds around the players making the cut, around finishing 586 00:29:57,520 --> 00:30:00,280 Speaker 6: the top five, top twenty, maybe even winning the ornament. 587 00:30:00,760 --> 00:30:04,000 Speaker 6: So there's a couple of real important enhancements this year. 588 00:30:04,680 --> 00:30:06,640 Speaker 6: There's also going to be something this year called KPMG 589 00:30:06,840 --> 00:30:09,880 Speaker 6: champ Cast, which is available through the app, the PGA 590 00:30:10,400 --> 00:30:13,960 Speaker 6: app that will allow fans to follow their favorite players 591 00:30:14,040 --> 00:30:17,000 Speaker 6: and watch their shots they're tracing in their shots, understand 592 00:30:17,040 --> 00:30:19,040 Speaker 6: how their players are performing during the course of the day. 593 00:30:19,400 --> 00:30:21,200 Speaker 11: So talk to us a little bit about, you know, 594 00:30:21,280 --> 00:30:24,040 Speaker 11: the role that KPMG plays with you know, ladies golf. 595 00:30:24,080 --> 00:30:26,120 Speaker 11: I mean, we know that in addition to the fact 596 00:30:26,120 --> 00:30:28,560 Speaker 11: that you were the first marctor to pay an LPGA 597 00:30:28,640 --> 00:30:30,720 Speaker 11: player Stacy in this case while on maternity to leave, 598 00:30:30,760 --> 00:30:33,720 Speaker 11: you're also very involved in women's the women's leadership some 599 00:30:33,880 --> 00:30:35,320 Speaker 11: and I believe Geena Davis is going to be the 600 00:30:35,400 --> 00:30:38,520 Speaker 11: keynote at that event at this year's major. Talk to 601 00:30:38,600 --> 00:30:41,000 Speaker 11: us a little bit about KPMG, your role as a 602 00:30:41,040 --> 00:30:42,640 Speaker 11: sponsor and your role with women's golf. 603 00:30:42,920 --> 00:30:46,920 Speaker 6: Sure, so I talked about the original vision for this event, 604 00:30:47,040 --> 00:30:51,520 Speaker 6: and the vision really has three pillars. One is absolutely 605 00:30:51,760 --> 00:30:54,800 Speaker 6: first and foremost, the Women's PGA Championships. The second is 606 00:30:54,840 --> 00:30:56,800 Speaker 6: we decided we wanted to able to elevate women both 607 00:30:56,960 --> 00:30:59,520 Speaker 6: on and off the course, so we put in place 608 00:31:00,160 --> 00:31:03,040 Speaker 6: KPMG Women's Leadership Summit, which happens the day before the 609 00:31:03,240 --> 00:31:07,880 Speaker 6: tournament begins, and that is women that are one or 610 00:31:07,920 --> 00:31:10,520 Speaker 6: two steps from the c suite, nominated by the CEOs 611 00:31:10,560 --> 00:31:16,120 Speaker 6: of their organizations, come to listen to leaders from business, politics, media, entertainment. 612 00:31:16,520 --> 00:31:19,640 Speaker 6: It's leadership development and during the course of the day 613 00:31:20,360 --> 00:31:23,400 Speaker 6: they hear from many different speakers, and we talk about 614 00:31:23,440 --> 00:31:26,560 Speaker 6: being a catalyst for change at KPMG. When we started 615 00:31:26,600 --> 00:31:29,800 Speaker 6: this in twenty fifteen, this was the only women's leadership 616 00:31:29,840 --> 00:31:35,960 Speaker 6: conference affiliated with a LPGA tournament that Catalyst has allowed. 617 00:31:36,000 --> 00:31:40,520 Speaker 6: For now there are twenty women's leadership conferences affiliated with 618 00:31:40,680 --> 00:31:44,640 Speaker 6: LPGA tour events. So we feel really great about bringing 619 00:31:44,680 --> 00:31:47,440 Speaker 6: about more change so that more women can be elevated 620 00:31:47,440 --> 00:31:49,720 Speaker 6: to the c suite, and we're seeing it at many 621 00:31:49,800 --> 00:31:53,120 Speaker 6: more LPGA tournaments today. The third dimension, just real quickly, 622 00:31:53,240 --> 00:31:56,360 Speaker 6: is the net proceeds of the KPMG Women's PGA Championship 623 00:31:56,680 --> 00:32:00,680 Speaker 6: and the Summit go to sponsoring the Future Leaders Program 624 00:32:01,040 --> 00:32:04,680 Speaker 6: young mostly people of women of color in high school, 625 00:32:04,720 --> 00:32:08,280 Speaker 6: getting college scholarships mentorships. So we feel really great about 626 00:32:08,320 --> 00:32:10,800 Speaker 6: those three dimensions of this experience. 627 00:32:11,040 --> 00:32:12,920 Speaker 11: Well, Paul, I'll tell you you know, there's one person 628 00:32:12,960 --> 00:32:15,400 Speaker 11: who won't be speaking, and that's our own Bloomberg TV anchor, 629 00:32:15,440 --> 00:32:18,720 Speaker 11: Scarlett Foo and she should be because she's just wonderful. 630 00:32:18,800 --> 00:32:20,120 Speaker 11: Now I'm just kidding, but let me ask you this, 631 00:32:20,240 --> 00:32:21,480 Speaker 11: I mean, let me sift it over to you. 632 00:32:21,560 --> 00:32:21,960 Speaker 2: Stacy. 633 00:32:22,040 --> 00:32:24,000 Speaker 11: I want to ask you about the soul I'm cup, 634 00:32:24,040 --> 00:32:25,560 Speaker 11: I mean, your captain of the team for the second 635 00:32:25,640 --> 00:32:26,920 Speaker 11: year in a row. I think it's switched to an 636 00:32:26,960 --> 00:32:29,160 Speaker 11: even year now. Talk to us a little bit about 637 00:32:29,200 --> 00:32:31,440 Speaker 11: I think it's in September. I think it's in Virginia. 638 00:32:32,000 --> 00:32:33,440 Speaker 11: Talk to us a little bit about your prep and 639 00:32:33,480 --> 00:32:34,960 Speaker 11: the lead up to that event. What does it take 640 00:32:35,000 --> 00:32:37,479 Speaker 11: to be a captain of that team, and what's going 641 00:32:37,520 --> 00:32:39,520 Speaker 11: to go into your criteria for deciding who's going to 642 00:32:39,560 --> 00:32:40,000 Speaker 11: be on it. 643 00:32:40,520 --> 00:32:45,080 Speaker 10: It's another full time job. It's like having about fifteen kids. 644 00:32:45,200 --> 00:32:48,520 Speaker 10: You know, you're kind of worried about their games. You're 645 00:32:48,520 --> 00:32:51,120 Speaker 10: watching their games, how they're playing, but you're always also 646 00:32:51,280 --> 00:32:53,480 Speaker 10: kind of trying to know what's going on off the 647 00:32:53,560 --> 00:32:57,040 Speaker 10: golf course, you know, because it affects play quite a bit, 648 00:32:57,800 --> 00:32:59,760 Speaker 10: So kind of just knowing what's going on in their 649 00:32:59,800 --> 00:33:03,040 Speaker 10: lives and how they're playing. But then behind the scenes 650 00:33:03,120 --> 00:33:06,480 Speaker 10: where we're planning, you know, what clothes they're wearing, what 651 00:33:06,560 --> 00:33:08,320 Speaker 10: the bags look like, what the schedule is going to 652 00:33:08,360 --> 00:33:10,280 Speaker 10: be for the week, what the menus are going to 653 00:33:10,320 --> 00:33:13,240 Speaker 10: look like. So as captain, you get to you literally 654 00:33:13,360 --> 00:33:17,560 Speaker 10: decide everything. So so I've really really enjoyed it, and 655 00:33:18,320 --> 00:33:20,400 Speaker 10: you know, we're we're kind of getting to the crunch 656 00:33:20,440 --> 00:33:23,400 Speaker 10: stage now where we're really starting to track who's going 657 00:33:23,480 --> 00:33:26,360 Speaker 10: to make the team, and KPMG's helped me out with 658 00:33:26,480 --> 00:33:30,440 Speaker 10: that with access to you know, the performance insights and 659 00:33:31,360 --> 00:33:34,720 Speaker 10: using data to help predict who's going to make the 660 00:33:34,760 --> 00:33:37,520 Speaker 10: team and also potential pairings and things like that. 661 00:33:38,000 --> 00:33:39,840 Speaker 5: Stacey, I want to follow up and kind of take 662 00:33:39,880 --> 00:33:41,600 Speaker 5: a big step back for a moment and just talk 663 00:33:41,640 --> 00:33:43,400 Speaker 5: a little bit about the state of golf right now. 664 00:33:43,760 --> 00:33:46,400 Speaker 5: There is an uneasy truce right now between the PGA 665 00:33:46,680 --> 00:33:49,760 Speaker 5: and Live Golf, and I know the LPGA is separate 666 00:33:49,880 --> 00:33:52,960 Speaker 5: from what's happening between PGA and Live, but what has 667 00:33:53,000 --> 00:33:56,200 Speaker 5: it done for the sport? For you, as someone who's 668 00:33:56,240 --> 00:33:58,760 Speaker 5: kind of observing all of this, is it good for 669 00:33:58,920 --> 00:33:59,400 Speaker 5: the sport? 670 00:34:00,160 --> 00:34:02,560 Speaker 10: You know, it's it's honestly, from our perspective, it's been 671 00:34:02,640 --> 00:34:05,080 Speaker 10: hard to watch because I think it's put a negative 672 00:34:05,120 --> 00:34:08,920 Speaker 10: connotation on golf. And from the women's side, you know, 673 00:34:09,160 --> 00:34:12,279 Speaker 10: we've had no part of it, so so it's been 674 00:34:12,360 --> 00:34:14,319 Speaker 10: hard to watch. And it's and from our side too, 675 00:34:14,320 --> 00:34:17,480 Speaker 10: it's hard to watch these persons just continue to go 676 00:34:17,680 --> 00:34:20,640 Speaker 10: up on the men's side and while we're doing great 677 00:34:20,680 --> 00:34:22,680 Speaker 10: over here. I mean, the amount of money they're making 678 00:34:22,760 --> 00:34:26,120 Speaker 10: now is just is insane. So it's definitely been hard 679 00:34:26,160 --> 00:34:29,800 Speaker 10: from our perspective, but I do think they seem to 680 00:34:29,920 --> 00:34:32,759 Speaker 10: be getting closer to where we can get back to, 681 00:34:33,520 --> 00:34:35,520 Speaker 10: you know, to just playing golf and not being at 682 00:34:35,520 --> 00:34:38,840 Speaker 10: odds with each other and you know, making it about 683 00:34:38,840 --> 00:34:41,400 Speaker 10: the sport and about the athletes and the great players 684 00:34:41,440 --> 00:34:44,160 Speaker 10: that they are instead of, you know, instead of all 685 00:34:44,239 --> 00:34:45,360 Speaker 10: this money that they're making. 686 00:34:45,719 --> 00:34:49,360 Speaker 5: If the Saudis come in and would want to invest 687 00:34:49,440 --> 00:34:52,719 Speaker 5: in the LPGA or partner up with the LPGA as 688 00:34:52,760 --> 00:34:54,640 Speaker 5: a player, what what? What's your thoughts on that? 689 00:34:55,080 --> 00:34:57,400 Speaker 10: You know, personally, I'd be a little bit torn on it, 690 00:34:57,600 --> 00:34:59,480 Speaker 10: you know, I do. I do think there there is 691 00:34:59,560 --> 00:35:01,640 Speaker 10: a way, though, to make it work. I think there 692 00:35:01,640 --> 00:35:04,440 Speaker 10: would have to be some stipulations. You know, we'd have 693 00:35:04,560 --> 00:35:07,239 Speaker 10: to really find a way to advance women, because that's 694 00:35:07,280 --> 00:35:10,680 Speaker 10: what our tours about were about advancing women and giving 695 00:35:10,760 --> 00:35:13,520 Speaker 10: women opportunities not only to play golf, but you know, 696 00:35:13,680 --> 00:35:17,000 Speaker 10: to better their careers and their lives. And so there'd 697 00:35:17,080 --> 00:35:19,560 Speaker 10: have to be a lot of stipulations I believe around that. 698 00:35:19,840 --> 00:35:23,080 Speaker 10: And obviously that hasn't happened yet, so because we're not there, 699 00:35:23,200 --> 00:35:26,399 Speaker 10: but I do think, you know, at some point it's 700 00:35:26,440 --> 00:35:28,400 Speaker 10: probably is probably going to happen. 701 00:35:28,760 --> 00:35:32,800 Speaker 2: I want to ask you, Stacy, probably the Caitlin Clark 702 00:35:33,000 --> 00:35:37,759 Speaker 2: impact on women's sports, good question, has just been phenomenal, 703 00:35:38,360 --> 00:35:41,719 Speaker 2: and I would like to ask, how do you think 704 00:35:42,000 --> 00:35:45,040 Speaker 2: the impact has been for women's golfing? 705 00:35:45,200 --> 00:35:45,359 Speaker 8: Well? 706 00:35:45,440 --> 00:35:48,120 Speaker 10: As a mom of a daughter, I think it's it's 707 00:35:48,200 --> 00:35:50,839 Speaker 10: one of the most amazing things I've seen to see 708 00:35:51,200 --> 00:35:52,800 Speaker 10: to be able to turn the TV on for my 709 00:35:52,960 --> 00:35:56,799 Speaker 10: daughter and she can see women playing sports, playing basketball, 710 00:35:56,920 --> 00:36:00,920 Speaker 10: playing softball, playing golf. You know, that's something that I 711 00:36:00,960 --> 00:36:02,800 Speaker 10: didn't have when I was a kid, and so just 712 00:36:03,280 --> 00:36:06,400 Speaker 10: that we're starting to have that, having women's sports more 713 00:36:06,440 --> 00:36:10,560 Speaker 10: easily accessible on the ability to watch them, I just 714 00:36:10,960 --> 00:36:15,080 Speaker 10: I think it's tremendous and I think it shows what 715 00:36:16,120 --> 00:36:18,719 Speaker 10: when you get a TV partner like that to kind 716 00:36:18,719 --> 00:36:20,560 Speaker 10: of step up and say, hey, we may lose money 717 00:36:20,640 --> 00:36:22,520 Speaker 10: for a year or two, but we're going to step 718 00:36:22,600 --> 00:36:24,160 Speaker 10: up and we're going to figure this out, and we're 719 00:36:24,160 --> 00:36:26,440 Speaker 10: going to figure out a way to grow your sport, 720 00:36:26,600 --> 00:36:28,400 Speaker 10: and we're going to make money on the back end 721 00:36:28,440 --> 00:36:30,280 Speaker 10: of this. But we may lose money in the beginning, 722 00:36:30,440 --> 00:36:33,840 Speaker 10: and I think it's just been tremendous to watch that happen, 723 00:36:34,080 --> 00:36:37,440 Speaker 10: and I think it's a model for other sports and 724 00:36:37,480 --> 00:36:39,640 Speaker 10: how we can continue to push forward. You know, we 725 00:36:39,760 --> 00:36:41,680 Speaker 10: need to do a better job of talking each other 726 00:36:41,840 --> 00:36:44,880 Speaker 10: up and talking about how good the other players were 727 00:36:44,920 --> 00:36:48,240 Speaker 10: competed against our because that's what helps grow our sport. 728 00:36:48,719 --> 00:36:51,560 Speaker 2: Our Thanks to both Stacy Lewis and Paul could Not 729 00:36:52,040 --> 00:36:56,040 Speaker 2: for joining us. Paul is chair and CEO at KPMG, 730 00:36:56,440 --> 00:37:00,319 Speaker 2: which is celebrating its tenth anniversary of the KPMG It's 731 00:37:00,360 --> 00:37:04,560 Speaker 2: PGA Championship, and Stacy Lewis is the two time major champion, 732 00:37:04,719 --> 00:37:09,520 Speaker 2: winning LDPGA Pro. This is the Bloomberg Business of Sports Show. 733 00:37:09,680 --> 00:37:11,359 Speaker 2: We are here each and every week at the same 734 00:37:11,480 --> 00:37:15,040 Speaker 2: time for my colleagues Scarlett Fu and Damian Sassewer. I'm 735 00:37:15,080 --> 00:37:17,440 Speaker 2: Michael Barr. Tune in again next week for the latest 736 00:37:17,480 --> 00:37:20,040 Speaker 2: on the stories moving big old money in the world 737 00:37:20,120 --> 00:37:22,880 Speaker 2: of sports. You're listening to the Bloomberg Business of Sports 738 00:37:22,960 --> 00:37:26,719 Speaker 2: Bloomberg Radio round the world. Stay with us. Today's top 739 00:37:26,800 --> 00:37:29,680 Speaker 2: stories and global business headlines are coming up right now.